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Insiders Mull potential Li &Fung

After speculation surfaced last week that LF USA — the U.S. division of Li & Fung Ltd. — was closing in on a deal for Jimlar Corp., industry players said a union would be advantageous for both companies.

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Manhattan Bridge Capital Engages Avalon Group, Ltd.

Manhattan Bridge Capital, Inc. (Nasdaq:LOAN - News) ("Manhattan Bridge Capital" or the "Company"), today announces that it has engaged Avalon Group, Ltd., a New York City based investment banking firm, as a financial advisor to explore strategic initiatives including capital formation, business development and growth aimed at enhancing shareholder value.

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Avalon Group Ltd. Announces Two Senior Banking Additions

Avalon Group, Ltd., a leading investment bank and strategic advisory firm, is pleased to announce the additions of Thomas I. Apperson and Ira S. Rubenstein to the firm’s Alternative Energy & Clean Technology Group. Together Mr. Apperson and Mr. Rubenstein bring over 30 years of experience with both public and private companies in this sector, with numerous successful enterprise and project financing transactions between them.

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Jones Could Be Nearing Deal for Weitzman

Jones Apparel Group Inc. could be close to a deal to acquire a stake in Stuart Weitzman. People familiar with the matter said today that a deal between Jones and Irving Place Capital, Weitzman's minority investor, could happen as soon as tomorrow. There is also some speculation that Jones could acquire more than Irving Place's 40 percent stake.

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2010 Discounting Forecast: Retail and Auto

For consumers, 2010 may not look very different from 2009 when it comes to discounts. Companies in the apparel, jewelry, and home furnishing industries are planning to keep their inventorieslow to cut operating costs, which means fewer large discounts for customers, says Marshal Cohen, chief industry analyst for the NPD Group, a market research company.

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