GE Consumer Credit Wins Big Toy Retailer, Sina Partners With Qihoo, Polypore Crashes
General Electric (NYSE:GE): GE Capital Retail Bank announced a definitive multi-year agreement to provide the consumer credit card program in the United States and Puerto Rico for Toys”R”Us, the world’s leading dedicated toy and juvenile products retailer. GE Capital’s Retail Finance business, the operating entity that provides financial solutions to retailers to help grow their customer sales, will manage the Toys”R”Us relationship and service the account. The Toys”R”Us credit card program, which launches in June, will include a private label credit card and a co-branded card, providing qualifying cardholders with benefits and convenience, as well as the opportunity to earn special rewards for purchases made at any one of the 879 Toys”R”Us and Babies”R”Us stores nationwide or online at Toysrus.com.
Sina (NASDAQ:SINA): Sina Weibo and Qihoo 360 (NYSE:QIHU) are partnering to allow Weibo integration into 360 offerings and let users share credentials between their services, according to Penn Olson, citing a company joint announcement made in China.
Polypore International (NYSE:PPO): JP Morgan recommends staying on the sidelines on Polypore until there is further clarity of the LG Chem integration of their battery separator to their regular business.
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