Investing and Global Finance News

Monthly Archives: January 2013

CCL To Acquire Two Avery Dennison Businesses

Pasadena-based Avery Dennison Corp. recently announced that it will be selling two of its businesses to CCL Industries Inc. for $500 million in cash.

The transaction comes only three months after 3M gave up on its plans to purchase Avery Dennison’s office and consumer products unit. The deal was abandoned because the U.S. Department of Justice opposed it.

CCL, a Toronto-based specialty packaging maker, has swooped in to acquire it instead. The unit’s products include Marks-A-Lot and Hi-Liter markers, as well as other office products, such as binders. The division had sales of $730 million last year.

“CCL is one of our largest customers, and we have a long-standing relationship with them,” said Dean A. Scarborough, Chief Executive at Avery Dennison. “We are pleased that they will become the steward of the Avery brand for office products.”

Geoffrey Martin, Chief Executive at CCL, added:

“This acquisition has the potential to transform our company at many levels.”

If approved by regulators, this year’s transaction will be CCL’s largest acquisition to date.

Liz Neumark’s Five Seeds to Sprouting Success

In a recent article for Forbes, entrepreneur Julia Pimsleur summarized some tips from the recent WEF3. Liz Neumark, keynote speaker at the event, offered “5 Seeds to Sprout Success.” Neumark, who started a small catering business back in 1979, has since been listed among New York’s top companies in the field. Pimsleur reveals Neumark’s five… Continue Reading

Financial Secretary Speaks at Asia Private Equity Forum 2013

Yesterday, the Hong Kong Venture Capital and Private Equity Association hosted the Asia Private Equity Forum 2013 in cooperation with the Asian Financial Forum. Hundreds of guests attended the event, including major financial firms and investment companies like Oasis Investments Limited and LGT Capital Partners, a company that develops strategies for private equity and hedge funds.… Continue Reading

Apple Wins Yet Another Tech Emmy Award

The National Academy of Television Arts just granted Apple a Tech Emmy Award at CES 2013. The iPhone maker is one of the leading technology companies in the world. According to Forbes, Apple’s latest award is for an “eco-system for Real Time Presentation of TV Content to Mobile Devices without the use of Specialized Television… Continue Reading

Toyota’s New Self-Driving Car

Self-driving cars have attracted manufacturers other than Google; Toyota and Audi have both announced that they will reveal their concept cars at the upcoming Consumer Electronics Show in Las Vegas. Though neither car maker has revealed any details, IDG News Service has uncovered this quick preview of Toyota’s new technology. Continue Reading

Oasis Investments Limited and Other Financial Firms Expand Throughout Asia

Many financial firms are taking renewed interest in Asia thanks to its recovering economies. Morrison & Foerster, a leading Capital Markets firm in Asia, recently opened its fifth office in the region. The new Singapore branch will be headed by Eric Piesner, managing partner for Asia and head of the real estate practice for the… Continue Reading

3 Concrete Investment Tips to Start 2013

Have you ever thought of taking some of that money you have just sitting in the cookie jar, or in the low-interest savings account, and investing it? The answer is probably yes, and the only reason you haven’t gotten around to it is that you just don’t know where to begin. Here are some tips… Continue Reading