Report: Indian leaders object to direct foreign investment
New York City — Five state leaders in India made clear over the weekend their unwillingness to let foreign retailers set up shop in the country, the Associated Press reported.
Parliament adjourned Monday in an uproar over the issue and Communist Party-controlled trade unions have pledged to strike Thursday, the report said, and some politicians even threatened to burn down foreign stores that open under the new rules.
Click here to read the full story.
Conn’s completes expansion of credit facility
Beaumont, Texas — Conn’s announced that it completed a $20 million expansion, to $450 million, of its revolving credit facility, which expires in July 2015. The company received a commitment from one new lender and received an increased commitment from one of the existing participants in the bank group.
“We appreciate the additional support coming from our financial partners,” commented Theodore Wright, chairman, Conn’s. “This expansion of our revolving credit facility provides additional support for our long-term growth plans.”
Target to donate $5 million to local schools
Minneapolis — Target will donate $5 million to local schools nationwide as part of the company’s commitment to give $1 billion for education by the end of 2015.
Target has teamed up with "The Ellen DeGeneres Show" and its viewers to select 50 schools in need to receive a $100,000 grant. Viewers are encouraged to submit the name of a school that needs help, along with a compelling story that explains why the school should receive a grant, to "The Ellen DeGeneres Show.”
Target then will select from these submissions the 50 schools to receive a grant that can be used to support an improved learning environment for kids. Schools will be selected based on a number of factors, the company said, and two of the selected schools will be featured on "The Ellen DeGeneres Show."