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Investcorp inks US$100m deal to buy Corneliani
2016-06-21 14:46:00| Daily apparel & textile news and comment - from just-style.com
Global investment group Investcorp has agreed a US$100m deal to acquire a majority stake in Italian luxury men's wear company Corneliani.
Risks in steel workers' pension deal, says PPF
2016-06-21 14:12:03| BBC News | Business | UK Edition
The lifeboat scheme that protects pensions when a company fails has raised concerns over a proposed one-off government deal for steel workers' pensions.
Tags: deal
steel
workers
risks
Tencent confirms deal to buy Supercell from Softbank
2016-06-21 13:09:00| Telecompaper Headlines
(Telecompaper) Chinese internet company Tencent has confirmed an agreement to buy Supercell, the developer of the game 'Clash of Clans', in a deal valuing the Finnish company at USD 10.2 billion. Tencent is the majority shareholder of a consortium of investors buying 84 percent of Supercell; the company did not say how much it will contribute to the purchase price. Supercell's employees will continue to own the rest of the company, and Tencent said it will continue to encourage a strong employee involvement through share incentives. In future employees will be able to sell shares from vested options to Tencent on an annual basis.
Tags: buy
deal
confirms
softbank
Wal-Mart eyes China turnaround with JD.com deal
2016-06-21 12:51:00| Daily apparel & textile news and comment - from just-style.com
Wal-Mart has swapped its Chinese online grocery business for a stake in the country's second largest e-commerce site, in a move that will likely see the US retail behemoth attempt to turn around its China business.
Deal will close California's last nuclear plant by 2025
2016-06-21 10:19:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: Rooftop solar panels and churning wind turbines are hastening the demise of U.S. nuclear power plants and the safety fears and high operating costs they bring. The latest example is California's Diablo Canyon twin-reactor facility. California's largest utility and environmental groups announced a deal Tuesday to shutter the last nuclear power plant in the state. The move comes as the operators of the country's aging nuclear facilities confront rising repair bills at a time when sources of...
Tags: close
deal
plant
nuclear
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