Saks Inc Stephen Sadove was appointed to the Board of Directors of JC Penney. JC Penney Co said the Chief Executive Officer of Saks Inc, Stephen Sadove, would be joining its board of directors.
United States
SFX share price drops after USD260 million IPO
Shares of SFX Entertainment Inc dropped 2.6% in early trading post-IPO. Music festival producer SFX Entertainment Inc saw its share price dropped in early trading just after raising USD260 million in its public listing.
Thoma Bravo acquires Empirix
Thoma Bravo would be purchasing Empirix Inc for an undisclosed amount. Private equity firm Thoma Bravo announced that it had inked a definitive agreement to purchase Empirix Inc.
Smartling raises USD24 million in Series C funding round
A total of USD24 million in investments was received by Website translation software startup Smartling in a recent founding round led by Tenaya Capital.
GTCR inks agreement to sell Six3 Systems to CACI International
GTCR announced that it had approved a deal to sell portfolio firm Six3 Systems to CACI International.
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American companies had been seen doing mergers abroad most likely because of the lower taxes available in their new homes.
Medtronic Inc and Apollo Hospitals Enterprise formed a joint venture for the development of a low-cost and portable hemodialysis treatment for developing countries.
TheNextWeb co-founder Boris Veldhuijzen van Zanten was confident in early-stage startups achieving entrepreneurial success in as short as a weekend or one day.
A TechCrunch report stated that the next generation iPad slated set to be launched in October would be trimmer and thinner.
Retailer John Lewis said Apple's iPad Mini would be the bestselling tablet for Christmas. UK-based retailer John Lewis told The Telegraph that Apple's iPad Mini would be the bestselling tablet this Christmas season.
Apple would be holding an event on October 22 to launch the next-generation iPad, according to technology website All Things D.
Microsoft Corp, fresh from its buyout agreement with Nokia Oyj, would need to convince app makers to partner with them in order to regain market share in the smartphone market.
Koch Industries Inc had announced its acquisition of a 1,055-megawatt Odessa Power plant in Texas. On Tuesday, Koch Industries Inc said that it had bought the 1,055-megawatt Odessa Power plant through its unit of subsidiary Koch Energy Services LLC.
Sources told Reuters that Nestle had plans to exit from its unprofitable businesses like Jenny Craig.
