Buyout firms KKR & Co LP (KKR.N) and Clayton, Dubilier & Rice LLC (CD&R) have teamed up to take PetSmart Inc (PETM.O) private for more than $7.5 billion, people familiar with the matter said on Tuesday, as the auction for the pet food retailer heats up.
Sectors
JetBlue to charge for checked bags in new airfare fare class
JetBlue Airways announced Wednesday that it will charge certain customers for their first checked bag, yielding to pressure from analysts who criticized the airline for not adding fees in step with other carriers.
Microsoft cloud service partially down, MSN unavailable
Microsoft Corp's Azure cloud-computing service, which hosts websites and lets customers store and manage data remotely, suffered serious outages on Tuesday taking its popular MSN web portal offline.
Middle-earth meets Middle Kingdom in NZ-China TV deal
China and New Zealand are to sign a deal which will make it easier to produce television content in the two countries, enabling the South Pacific island nation to showcase its natural landscape to lure more tourists.
SAP CEO rules out big acquisitions in next few years
German business software maker SAP is doing an about-face on its acquisition strategy and plans no more big new deals in the next few years, its chief executive said on Wednesday.
Latest News
India's economy will accelerate in 2015 but will fail to attain the heady growth rates of the past decade without sweeping structural reforms, the Organisation for Economic Cooperation and Development said on Wednesday.
Children and teens are seeing fewer ads for sugary drinks on television, but they remain a prime target for marketers through other means such as product placement and social media, a report released on Wednesday found.
The Ministry of Finance (MOF) is considering increasing the issuance of 30- and 40-year Japanese government bonds by a total of 2 trillion yen ($17 billion) in the new fiscal year starting in April, government officials with knowledge of the matter said on Wednesday.
Ford Motor Co (F.N) on Tuesday said it is recalling about 65,000 Fusion sedans in North America because the key can be removed from the ignition even if the car is not in the "park" position 30 minutes after the ignition is off, the company said.
Volkswagen AG's (VOWG_p.DE) growth in China is expected to slow to around 10 percent this year from 16 percent in 2013 due to a conservative strategy that has limited its production capacity, the head of its Chinese operations said on Tuesday.
European planemaker Airbus aims to deliver the first A350 jetliner to launch customer Qatar Airways by mid-December, the airline said on Tuesday.
Finland's Nokia (NOK1V.HE) launched a new brand-licensed tablet computer on Tuesday which is designed to rival Apple's(AAPL.O) iPad Mini, just six months after the company sold its ailing phones and devices business to Microsoft (MSFT.O) for over $7 billion.
Low oil prices that threaten producers' profits may be a boon in one way, as they force service companies to keep prices low for the drill bits, cement and piping for oil extraction, even if two of the largest providers of such products merge.
For months, a powerful U.S. senator has been pushing for details of a murky deal under which a Russian manufacturer supplies the rocket engines used to launch America’s spy satellites into space.
