The Traderszone Network

The 100-year-old retailer – backed by Canadian Pension Plan Investment Board (CPPIB) and Ares Management LP (ARES.N) – sells apparel, handbags, shoes, cosmetics and designer jewelry. Dallas-based Neiman Marcus operates 41 department stores bearing its name, the famed Bergdorf Goodman store on Manhattan’s Fifth Avenue and the Last Call off-price chain. Neiman Marcus’s previous owners, TPG Capital and Warburg Pincus first planned to take the company public in July 2013, but decided instead to sell the company to CPPIB and Ares Management for $6 billion.

China’s official services PMI released on Saturday showed that activity quickened slightly in July from the previous month. The relatively resilient services sector could help offset some downward pressure on the economy as the manufacturing sector struggles to cope with weaker demand at home and abroad. The final Caixin/Markit factory survey showed activity contracted the most in two years in July while the official PMI showed manufacturing growth unexpectedly stalled.

The reorganization plan will be reviewed by the board on Thursday, Bloomberg reported, citing people familiar with the matter. Under the plan, Telecom Italia would have to buy wholesale capacity from OpenAccess, just as its competitors do, according to the Bloomberg report. The Milan-based company has made provisions in its second-quarter earnings for antitrust charges, Bloomberg said.

More than a month after regulators rolled out measures to stem an equity rout, markets remain underwater. But that’s not necessarily a bad thing.

The PC’s fall from popularity helped drive a hard-hit Dell to go private, but the company now sees signs of a turn around.

I posted on the Lexus hoverboard a little while ago
More on the board from Bloomberg, here, including a video

A reading of China’s services sector expanded at a quick pace, a positive signal that marked a sharp contrast to recent weak manufacturing data.