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Saturday, July 4, 2015

MOVES-Blackstone hires Liping Zhang as Greater China chairman -sources, (NYSE: BX)

Blackstone Group LP has hired Liping Zhang as its chairman for Greater China as private-equity deals boom in the region, the U.S.-based firm said on Saturday, confirming an earlier Reuters story.Zhang, who mostly recently served as the co-chief executive officer for Greater China at Credit Suisse, will help Blackstone to expand its presence in the region, the statement added. Blackstone manages more than $300 billion globally and is one of the world's biggest real estate investors.Stephen A. Schwarzman, Blackstone co-founder and CEO, said Zhang's appointment underscores the strategic importance of Greater China to Blackstone. Zhang has more than 30 years of financial industry experience, the statement added.

The Blackstone Group L.P. (Blackstone) is a global alternative asset manager and provider of financial advisory services. Shares of BX traded higher by 0.98% or $0.4/share to $41.32. In the past year, the shares have traded as low as $26.56 and as high as $44.43. On average, 4283780 shares of BX exchange hands on a given day and today's volume is recorded at 2421234.



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Thursday, July 2, 2015

Sears Canada CEO quits amid turnaround to join Barnes & Noble, (NYSE: BKS), (TSE: SCC.TO), (NASDAQ: SRSC)

Sears Canada Inc Chief Executive Ronald Boire will leave the Canadian retailer in the midst of a turnaround to take over the top job at struggling U.S. bookstore chain Barnes & Noble Inc. Sears Canada will now lose its second CEO since September as the company tries to reverse a trend of six straight years of falling sales."I think that this is an unfortunate event for Sears Canada as Ron Boire was starting to build some positive momentum," said Bruce Winder, an independent retail consultant.Under Boire, Sears Canada in May posted its slowest same-store sales decline in five quarters as his moves to spend more on profitable merchandise categories, its website, and exit money-losing product lines paid off.

Barnes & Noble, Inc. (Barnes & Noble) is a bookseller. Shares of BKS traded higher by 1.09% or $0.28/share to $26.02. In the past year, the shares have traded as low as $17.90 and as high as $27.10. On average, 759429 shares of BKS exchange hands on a given day and today's volume is recorded at 239515.

Sears Canada Inc. (Sears), a Canada-based company, is a multi-channel retailer. Shares of SCC fell by 0.066% or $-0.005/share to $7.56. In the past year, the shares have traded as low as $7.13 and as high as $16.99. On average, 18289 shares of SCC.TO exchange hands on a given day and today's volume is recorded at 7050.

Shares of SRSC fell by 2.28% or $-0.14/share to $6.01. In the past year, the shares have traded as low as $5.95 and as high as $15.30. On average, 45290 shares of SRSC exchange hands on a given day and today's volume is recorded at 40747.



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Tuesday, June 30, 2015

Australia's Asciano says considering Brookfield's $7 billion approach, (NYSE: TRI), (TSE: TRI.TO)

Australian freight company Asciano Ltd said on Wednesday that it was in discussions with Canada's Brookfield Infrastructure Group after the Canadian firm made an informal approach to purchase it for A$8.8 billion ($6.78 billion).Brookfield made an indicative, non-binding and conditional proposal to buy all Asciano's shares for A$9.05 per share, Asciano said in a statement. The proposed offer represents a 36 percent premium to Asciano's closing price of A$6.65 on Tuesday. The shares were in a trading halt because of the announcement.If Asciano accepts Brookfield's cash and shares proposal, it will be the seventh-largest inbound takeover of an Australian company and the second-largest by a Canadian firm, according to Thomson Reuters data.

Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI fell by 0.26% or $-0.1/share to $38.07. In the past year, the shares have traded as low as $34.88 and as high as $42.64. On average, 817913 shares of TRI exchange hands on a given day and today's volume is recorded at 952232.

Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI traded higher by 0.55% or $0.26/share to $47.56. In the past year, the shares have traded as low as $38.42 and as high as $53.00. On average, 743191 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 885588.



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Capital controls mean Greeks can click, but not buy, (NASDAQ: AMZN)

Monday was the day the music died for thousands of song downloaders and music streamers in Greece.The imposition of capital controls on Sunday evening means Greeks are no longer able to purchase goods or services from many big international online suppliers including Google , Amazon.com Inc, Apple and Facebook .Transfers of funds out of Greece were banned to prevent a collapse of the banking system after Prime Minister Alexis Tsipras rejected the terms of a bailout offer from international lenders.The controls mean payments via debit or credit cards to accounts outside Greece are prohibited.

Amazon.com, Inc. (Amazon.com) is an e-commerce company. Shares of AMZN traded higher by 0.9% or $3.85/share to $433.71. In the past year, the shares have traded as low as $284.00 and as high as $452.65. On average, 3016590 shares of AMZN exchange hands on a given day and today's volume is recorded at 1816161.



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ConAgra Foods to exit struggling private label business, (NYSE: CAG)

ConAgra Foods Inc, the maker of Slim Jim beef jerky and Chef Boyardee pasta, said it planned to exit its struggling private label foods business as it seeks to boost profit margins and focus on its faster growing consumer foods segment. ConAgra Chief Executive Sean Connolly, who joined in April, said on the company's earnings call on Tuesday it was clear trying to turn around the private label business was draining resources and that the segment would likely attract significant interest from potential buyers.ConAgra bought Ralcorp in 2013 to become the biggest maker of U.S. private label foods. The business has been plagued with problems ranging from customer service issues to pricing concessions, with sales falling nearly 6 percent in two years."We know that the inconsistency of our past performance is totally unacceptable," Connolly said.

ConAgra Foods, Inc. (ConAgra Foods) is the packaged food company. Shares of CAG traded higher by 1.1057% or $0.4802/share to $43.91. In the past year, the shares have traded as low as $29.62 and as high as $44.31. On average, 3208300 shares of CAG exchange hands on a given day and today's volume is recorded at 3264643.



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Cisco to purchase OpenDNS for $635 million to boost security business, (NASDAQ: CSCO)

Cisco Systems Inc said on Tuesday it would purchase OpenDNS, a privately held cloud-based security firm, for $635 million, the latest move to boost its security business as cyber attacks increase in number and sophistication.Cisco has been buying a number of security companies, which has made its relatively tiny security business one of its fastest growing in the past two years. OpenDNS uses predictive intelligence to block malware, botnets and phishing threats that antivirus and firewalls miss. Cisco was part of a group that invested $35 million in OpenDNS in May last year. (bit.ly/1KqDMjV)The global cybersecurity market is estimated to grow to $170.21 billion by 2020 from $106.32 billion in 2015, according to market research firm MarketsandMarkets.

Cisco System, Inc. (Cisco) designs, manufactures, and sells Internet protocol (IP)-based networking products and services related to the communications and information technology (IT) industry. Shares of CSCO fell by 0.49% or $-0.135/share to $27.40. In the past year, the shares have traded as low as $22.49 and as high as $30.31. On average, 24048100 shares of CSCO exchange hands on a given day and today's volume is recorded at 11306310.



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