SunEdison Inc. took a major step forward in its bankruptcy reorganization, agreeing to relinquish control of its two yieldco units to Canada’s biggest alternative asset manager and clearing up some of the litigation brought by the affiliates. Brookfield Asset Management Inc. agreed to increase its stake in TerraForm Power Inc. to 51 percent, acquiring the additional shares at $11.46 each, according to a statement on Tuesday.
Category: Bankruptcy
The Limited Files for Bankruptcy, But May Live On – Online
After closing its stores nationwide and contending with rumors of bankruptcy, The Limited has officially filed for Chapter 11 bankruptcy protection. But the iconic mall brand may not be dead yet: WWD reports that private equity firm Sycamore Partners has put a nearly $25.8 million bid on The Limited’s intellectual property, meaning the name itself could live on online.
Techdirt speaks out about $15 million lawsuit filed by man who claims to have invented email
Today, technology site Techdirt has opened up regarding the $15 million lawsuit filed against them last Wednesday in Boston . The lawsuit was filed by Dr. Shiva Ayyadurai, and alleges that Techdirt committed libel in their reporting of him and his claims.
Gildan wins American Apparel auction with $88 million bid: Reuters
Canadian apparel maker Gildan Activewear Inc has won a bankruptcy auction for U.S. fashion retailer American Apparel LLC after raising its offer to around $88 million, a person familiar with the matter said Monday. Gildan’s takeover marks the end of an era for the iconic Los Angeles-based company, which was founded in 1998 by an eccentric Canadian university drop-out and grew to become a part of U.S. popular culture thanks to its racy advertising.
Shopping on the road? Amazon’s Alexa will ride along in Ford vehicles
I would recommend that you have one description which you use on your own site and offer e-retailers an alternate description. E-commerce sales by region, sales by product category, holiday data, online spending by shopper and as percentage of household income, and more.