Clothing retailer Vince Holdings showed that fashion is still hot among public investors as it prices its shares one dollar above marketing range in its public debut.
Sectors
Report projects flurry of mergers soon
A flush of mergers and acquisitions was expected to come in as early as the end of the year, according to a report from financial news magazine Barron's.
Strategic investors eye majority stake in Indian eye care hospital chain Vasan Healthcare
Strategic investors were said to be in discussions to buy a majority stake in Vasan Healthcare, which operates eye care hospitals and dental centers in India.
Stock markets are not inflated- David Tepper
David Tepper of Appaloosa Management said equity markets are not inflated. Tepper spoke with Bloomberg Television's Stephanie Ruhle at an investors conference in New York.
Quarri scores USD2.35 million funding for browser protection
Texas-based browser security company Quarri raised USD2.35 million in its first funding round today to improve its products, expand internationally, and add more people to its workforce.
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Only three potential buyers from at least five who expressed initial interest were left to bid for the Ortho Clinical Diagnostics business of healthcare firm Johnson & Johnson, according to sources interviewed by Bloomberg.
The Hunt, an online community where you can track down items you covet, raised USD5.5 million in its first round of institutional funding to create an iPhone app for the site.
iPhone maker Foxconn Technology Group said it plans to invest USD40 million in Pennsylvania for the development of robotics and a high-tech manufacturing facility for telecom and internet equipment.
Sony Pictures Entertainment executives announced that it would cut down the number of films it produces per year and will focus instead on higher-margin television production and operating TV channels.
Hong Kong's Shandong Weigao Group on Friday announced that it will sell its entire 21.7% stake in Biosensors International Group for USD312.3 million. The stake will be sold to CB Medical Holdings.
Amazon will be releasing "Betas," a tech comedy show about app entrepreneurs in the Bay Area as it ramps up its original online programming to compete with Netflix and Hulu.
Hong Kong-based tech startup Multichannel raised USD3 million in a seed round from angel investors in Asia and Europe to be used for the improvement of the company's marketing spend tracker.
In order to protect shareholder's interests, U.S. allows companies to have dual share structures but with additional safeguard measures as the Securities and Futures Commission last month declined to provide a waiver to Alibaba to nominate a majority of directors from its 28 partners.
Third Point's Daniel Loeb said he held more than USD 1 billion stake in Softbank Corp while Greenlight Capital's David Einhorn warned of "bubble-like" conditions in some stocks in the Robin Hood Investors Conference.
