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International Business

  • HP to split into two public companies

    Palo Alto, Calif. – HP plans to separate into two new publicly traded Fortune 50 companies: one comprising HP’s enterprise technology infrastructure, software and services businesses, which will do business as Hewlett-Packard Enterprise, and one that will comprise HP’s personal systems and printing businesses, which will do business as HP Inc. and retain the current logo.

  • Phillips Edison-ARC Shopping Center REIT buys 11 centers in Q3

    Cincinnati - Phillips Edison–ARC Shopping Center REIT Inc. acquired 11 grocery-anchored shopping centers during third quarter 2014. The company's portfolio now consists of 131 properties located in 27 states and leased to 38 leading grocery store anchors.

    The 11 grocery-anchored shopping centers acquired during the third quarter to date expanded the company's presence in 10 states: California, Colorado, Florida, Georgia, Massachusetts, Michigan, North Carolina, Ohio, South Carolina and Tennessee.

  • Nemenschek acquires Bluebeam

    Pasadena, Calif. - German software provider Nemetschek AG is acquiring Bluebeam Software Inc., a developer of PDF-based collaboration solutions for the architecture, engineering and construction (AEC) industry, for $100 million. Both firms focus on enabling project teams to build better by digitizing project information.

  • Aeropostale expands into Chile

    New York – Aeropostale Inc. plans to launch the Aeropostale and P.S. from Aeropostale brands in Chile through a licensing agreement with Sociedad Comercial Grupo Yes S.p.A. ("Grupo Yes").

    Aeropostale's expansion plans in Chile include the opening of standalone stores, department stores and multi-brand stores in select locations across Chile beginning in spring 2015. The Company's first Aeropostale store is scheduled to open in Parque Arauco in Santiago in October. P.S. from Aeropostale stores are expected to open beginning in early 2015.

  • Lumber Liquidators unveils sustainability website

    Just a couple of days after elevating Ray Cotton to SVP, chief compliance and sustainability officer, Lumber Liquidators has launched a new section of its website dedicated to sustainability.

    The original content is rooted in the company's "Lay It Forward" business strategy, which according to the company, centers on the long-term benefits of quality hardwood flooring, protecting the environment and supporting the communities it serves.

  • LVMH names Carolina Herrera president as CEO of Donna Karan International

    Paris -- LVMH announced the appointment of Caroline Brown as CEO of Donna Karan International, effective Jan. 15. She currently serves as president of Carolina Herrera.

    Brown will replace Mark Weber, the incumbent CEO of Donna Karan International, who is becoming a consultant for LVMH.

  • Walgreens, Western Union launch in-store money transfer service

    Deerfield, Ill. – Walgreens and The Western Union Company have launched international and domestic money transfers through a new Western Union stage and pay kiosk model via the Walgreen’s Balance Financial platform. Customers can send or receive money at more than 7,650 Walgreens and Duane Reade locations in 49 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

  • Vantiv appoints new marketing chief

    Vantiv, a leading provider of payment processing services and related technology for merchants and financial institutions, has appointed Larry Drury as its chief marketing officer. Drury will report directly to CEO Charles Drucker.

  • Sears to boost liquidity ahead of holiday shopping season

    As part of its agenda to boost liquidity ahead of the highly contested holiday shopping season, Sears Holdings plans to sell most of its 51% stake in its struggling Sears Canada division to shareholders — a move that stands to raise as much as $380 million by November.

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