Interestingly, many private equity firms have their eyes on skin care products and personal products for beauty. Avon Ladies, for instance, has sold its North American business to private equity firm Cerberus Capital Management. They are selling 80.1% of their US and Canadian divisions to Cerberus, which is known for its turnaround expertise. Similarly, MidOcean… Continue Reading
Millennials are today’s trendsetters, and they seem to be voting for less at-home internet and more smartphone usage, at least according to a new Pew Research Center poll. Young people today are asking themselves why they should pay for broadband services if they are doing most of their browsing with their phones? And the answer… Continue Reading
A new study by the GBTA Foundation found that almost half of all US international business travelers utilized extended stay accommodations during the past year. The GBTA Foundation is the education and research division of the Global Business Travel Association. The GBTA Foundation worked together with WWStay to publish “Extended Stay Accommodations: Awareness, Supply and… Continue Reading
It has taken over ten years of concerted efforts, but finally America’s elite business schools have significant numbers of female students in their programs. For instance, Wharton and Kellog’s class of 2017 has 43 percent female enrollment. Harvard, Tuck and Stanford has 42 percent enrollment in their MBA programs, while the Haas School of Business… Continue Reading
The shrinking exchange rate of the Canadian loonie compared to the US dollar is helping to push Americans to take vacations in the borders of their vast northern neighbor, where their dollars can buy more. The Canadian dollar fell to under 85 cents to the US dollar in January, and in July reached a low… Continue Reading
Honeywell International, manufacturer of automation and control solutions products, announced it will buy Britain’s Melrose Industries’ utility consumption meter business. The deal is estimated to be valued at $5.14 billion. The purchase will help Honeywell to improve its presence in several high-growth regions. Shares of Melrose grew 6 percent in early Tuesday trading, making it… Continue Reading
Republican Florida Senator Marco Rubio revealed a new law that would make it illegal for US companies to engage in financial transactions with the Cuban military. Rubio is a Cuban American, and has also announced his candidacy for president in 2016. His campaing has featured a loud opposition to the new policy recently established by… Continue Reading
Compared to the US dollar, the loonie lost three-fifths of a penny on Monday, falling to its lowest point in over a month and a half. The Canadian dollar closed at 79.78 US cents, a loss of 0.63 cents from its closing price on Friday. On April 13 the loonie reached its lowest intraday price… Continue Reading
After an anonymous caller informed Maryland state police of a bomb threat on an Air France flight en route from Paris to New York, the US Air Force sent out two F-15 fighter jets to escort the plain to a safe landing at New York’s JFK airport. The call was made in the United States… Continue Reading
There are a lot of factors to consider when embarking on the journey of starting a new business. One of the most important considerations, which can sometimes mean the difference between success and failure, is the city in which the business is launched. WalletHub, a social network site for financial information, examined the 150 largest… Continue Reading