Gold little changed as dollar steadies
By Jan Harvey
LONDON (Reuters) – Gold steadied on Friday as the dollar index reversed earlier losses, but trading was muted as the U.S. currency remained hemmed into ranges ahead of a Federal Reserve meeting next week.
Spot gold was bid at $932.90 an ounce at 1420 GMT (10:20 a.m. EDT), against $932.35 an ounce late in [...]
Deals of the day — mergers and acquisitions
June 19 (Reuters) – The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0900 GMT on Friday.
(For Reuters columns on deals, click on [DEALTALK/])
** Russia’s LUKOIL (LKOH.MM) bought a stake in a Dutch refinery from France’s Total (TOTF.PA), gaining a foothold in northwest Europe and [...]
UPDATE 1-Fortunoff auction delayed to Tues. by power outage
NEW YORK, June 18 (Reuters) – Thursday’s scheduled auction of bankrupt housewares and jewelry retailer Fortunoff Holdings LLC’s intellectual property was delayed until next week because of a power outage, the sale’s organizer said.
The auction is now scheduled to take place in New York on Tuesday, June 23, at 10 a.m. EDT (1400 [...]
Lamborghini to split with Russian partner
By Astrid Wendlandt
PARIS (Reuters) – Lamborghini has given notice to Mercury, Russia’s biggest luxury group, that it will end their partnership because it is not satisfied with its services and sales performance, the Italian sports car maker said.
Mercury, which has been working with Lamborghini for more than four years, said it was trying to find [...]
UPDATE 1-Fortunoff auction sale delayed due to power outage
NEW YORK, June 18 (Reuters) – The auction for bankrupt housewares and jewelry retailer Fortunoff Holdings LLC’s intellectual property was delayed until next week after a power outage on Long Island, where it is headquartered, prevented the chain from getting information from potential bidders. the sale’s organizer said on Thursday.
The auction, originally set [...]
Eddie Bauer files bankruptcy, gets $202 million offer
By Martinne Geller and Phil Wahba
NEW YORK (Reuters) – Outdoor apparel retailer Eddie Bauer Holdings Inc filed for bankruptcy for the second time in six years and said it would seek court approval to sell its assets to private equity firm CCMP Capital for $202 million.
The company, which also sought relief under Canada’s bankruptcy laws, [...]
UPDATE 3-Eddie Bauer seeks Ch 11, gets $202 mln offer
* Eddie Bauer files for bankruptcy in Delaware court
* Accepts $202 mln offer for almost all assets from CCMP
* Eddie Bauer shares down 21.7 pct (Updates with filing; adds byline)
By Martinne Geller and Phil Wahba
NEW YORK, June 17 (Reuters) – Eddie Bauer Holdings Inc (EBHI.O) filed for Chapter 11 [...]
Eddie Bauer files for Chapter 11, to be sold to Rainier
NEW YORK (Reuters) – Eddie Bauer Holdings Inc filed for Chapter 11 bankruptcy protection on Wednesday, sending its shares down 28.9 percent.
The filing, made in U.S. Bankruptcy Court in Delaware, is the second bankruptcy for the company, which was started as a sport shop in 1920 in Seattle by its namesake.
According to the court filing, [...]
$400K in Dior Jewelry Missing After Lohan Photo Shoot
Earlier this month, a Dior necklace and earrings valued at $400,000 went missing after Lindsay Lohan’s Elle Magazine photo shoot in London. Her spokespeople say Lindsay has not been contacted by law enforcement regarding any information she might have about the jewelry’s disappearance. British police haven’t made an arrest and haven’t named suspects. Approximately 20 [...]
Jewels missing after Lohan photo shoot
LONDON (Reuters) – Diamond jewels worth around 250,000 pounds ($410,000) have gone missing after a London photo shoot involving U.S. actress Lindsay Lohan, her U.S. spokeswoman and British police said Tuesday.
British media said the jewels were made by Dior and loaned to Elle magazine for the shoot in north London on June 6.
“Officers from Westminster [...]