Men’s clothing retailer Jos. A. Bank Clothiers Inc. said it would buy outdoor clothing retailer Eddie Bauer for roughly $825 million. The company will pay $564 million in cash and issue about $4.7 million in new shares, valued at $56 each to an affiliate of Golden Gate Capital. Golden Gate Capital is the ultimate parent […]
The United States (US) automobile industry is doing well. Honda USA Corporation exported over 20 percent more automobiles from the US than it imported from Japan last year. 2013 marks the first time a car manufacturer’s foreign-based operations exported more than it imported from the home country. However, while the US auto industry has […]
Occidental Petroleum Corporation, the largest oil producer in the continental U.S., will spin off its California operations from the rest of the company. This is a final step of a breakup plan for Occidental. Chief Executive Officer Stephen Chazen stated that by creating a second similar company, Occidental looks to remain focused and profitable. The […]
