Barneys New York has been taken over by Perry Capital in a debt-for-equity swap that reduces the luxury retailer’s borrowings by $540 million, allowing the chain to invest more in its rebounding business.
Peter Slipper, who stepped aside as speaker of Australia’s parliament amid claims he sexually harassed a male staff member, said today the lawsuit was an abuse of court processes that had damaged his reputation.
Good morning, and welcome back to the Griddle, a menu of fortified items for the busy person's media diet. South Africa, host of this year's UN climate negotiations, has the first stock exchange to mandate that companies integrate sustainability metrics into their balance-sheet reports. From a sustainability perspective, that puts the Johannesburg Stock Exchange ahead of the New York exchanges, which are unlikely to adopt similar measures anytime soon. Bloomberg News' Mark Lee reported yesterday that New York is having a difficult enough time retaining Chinese tech firms, who already find New York disclosure rules too strict and see higher returns from Hong Kong listings. "I am tired of the U.S.," Yang Tianfu, chief executive officer of Harbin Electric, said in a phone interview. "We just couldn't communicate with the investors."
Apple Inc.’s legal fight for the iPad name in China doesn’t just pit the world’s most-valuable company against a failed Hong Kong display maker. Some of the nation’s biggest banks also are opposing the technology giant.