Swatch Group Buys Harry Winston Jewelry Brand

Swatch Group AG, the biggest maker of Swiss timepieces, agreed to buy the Harry Winston watch and jewelry brand for about $1 billion, adding a luxury label through its biggest acquisition ever.

China Inc. Sells Receivables Amid Payment Delays
39:45 - More and more Chinese factories are selling unpaid customer bills to financial firms, amid record payment delays. Resorting to a method of raising cash faster known as factoring, Sany Heavy Equipment International Holdings, a Chinese machinery maker, said in earnings reports that it began selling receivables at a discount. Bloomberg's Lianting Tu has more on "Trending Business." (Source: Bloomberg)
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