Tesco Plc had filed for bankruptcy for its US stores last Monday and planned a sale of 167 stores to Yucaipa Cos led by billionaire Ron Burkle.
Sectors
Perry Corp cuts stake in JC Penney
JC Penney shareholder Perry Corp had reduced its stake in the retailer, according to a filing showed on Monday.
Activision Blizzard's moves to repurchase its shares face legal stumbling blocks
The bid for independence of Activision Blizzard from Vivendi is still subject to shareholder approval.
Bankrupt LightSquared gets new bidding process approved by court
After its creditors opposing the original auction process for the assets of LightSquared Inc, the new plan was approved by the bankruptcy court.
HuntForce receives USD400,000 from Omaha based investors
Trail camera software solutions provider HuntForce starts off its investment round with a USD400,000 funding from three Omaha based investors.
Latest News
The New Zealand government along with private lenders had agreed to aid stricken coal miner Solid Energy with a multi-million bailout fund.
Freddie Mac announced its new chief financial officer, James Mackey, a top executive in Ally Financial Inc. last Monday.
Wells Fargo & Co. said last Monday that it would pay USD780 million in cash to Freddie Mac to settle all repurchased home loans liabilities.
Two hours prior to a midnight deadline to avert a US federal shutdown, US stocks closer lower on Monday.
Blackstone Group LP had been in talks to sell its stake in a New Delhi based property valued USD40 million, said sources.
Kevin Dowd pleaded guilty against an insider trading case filed against him in a US District Court in New Jersey.
Ardian is the new entity formed when AXA Private Equity spun off from AXA Group. In an announcement, AXA Private Equity had said it completed its spin-off from the AXA Group.
Steve Case, Tige Savage and David Golden lead Revolution Ventures fund to the future. The Revolution Ventures fund, the first fund aimed at early stage investments, announced the expectation of closing USD200 million in commitments earlier today.
In the latest Series B funding round for Evolent, the amount raised USD100 million. Evolent Health had announced the completion of a USD100 million Series B funding round.
