Industry News

Detroit Free Press Mark Phelan column [Detroit Free Press]
MediaTek, Temasek, Goldman Sachs and existing investors Alibaba Group and SAIF Partners, among others; according to three people close to the development. Taiwan's Foxconn and GIC are likely to participate too. The deal, which is likely to get closed in another 30-60 days, is expected to value One97 at about $5 billion,..."/>
Paytm parent in talks to raise around $300 million from MediaTek, Temasek, others [Mint, New Delhi]' s giant retail warehouses, with help from millions in state aid and tax forgiveness. The online retail and internet services giant runs 13 fulfillment warehouses and distribution centers in the commonwealth, covering nine million square feet. That's the same number of facilities and about three-quarters as much space as Amazon uses in California, which has triple Pennsylvania's population."/>
Amazon looks for giant 'footprint' in Pa. [The Philadelphia Inquirer]
A community with many facets [The Philadelphia Inquirer]
Target shares steady as shopping drops. As traffic and sales stagnate, shares of Target Corp. largely held ground last week, nudging up a few cents to a Friday close of $70.35 per share. Shopper traffic is down for the first time in years."/>
BRIEF: Target eyes bathroom fix as sales slow [The Times-Tribune, Scranton, Pa.]
Nordstrom Rack is a welcome addition to the area's retail scene. The 35,000- square-foot store, which opened Friday at the new Hamilton Crossings shopping center on Krocks Road in Lower Macungie Township, is part of the off-price division of upscale fashion retailer Nordstrom Inc.. Nordstrom Rack, which also has stores at the King of Prussia and Willow Grove Park malls in Montgomery County, offers many of the..."/>
Look good for less at Nordstrom Rack [The Morning Call (Allentown, Pa.)]
Patents: 8-28 [The Blade, Toledo, Ohio]
Risk with Overland park paying off [The Blade, Toledo, Ohio]
Delta Galil Industries, Ltd., the global manufacturer and marketer of branded and private label apparel products for men, women and children, as well as leisurewear and activewear, today announced that it has completed its previously announced acquisition of contemporary premium brands, including the businesses and brands of 7 For All Mankind ®, Splendid ® and Ella Moss ® from VF Corporation. Delta Galil Industries is a global manufacturer and marketer of..."/>
Delta Galil Completes Acquisition of Contemporary Premium Brands from VF Corp
Mass. pols backing online economy [Boston Herald]

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