On Monday, South Korean smartphone maker Samsung announced its entrance into a new field; the automotive industry. Samsung is all set to purchase Harman International Industries, Inc. in an all cash $8 billion deal. Samsung is paying quite a premium here and has no track record in the auto industry, but is the risk worth the reward?

Read The Capitalist’s Take Here

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FED STANDS PAT, MOVES CLOSER TO RATE HIKE

American Apparel LLC is headed to the bankruptcy auction block next month with a deal that means a new home for its brands and hope for its Los Angeles-based manufacturing and distribution operations, but a big question mark for the fate of the retailer’s 110 stores. A beleaguered manufacturer and retailer of young adult fashion, American Apparel returned to bankruptcy Monday after months of scrambling for money and a buyer, less than a year after an earlier court-approved chapter 11 turnaround ran off the rails, according to court papers.

Read More at Wall Street Journal Here

Read More at Forbes Here

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ESTEE LAUDER TO GO AFTER MILLENNIALS; ACQUIRES MAKEUP BRAND TOO FACED FOR $1.45 BILLION

Estee Lauder Cos., making the biggest acquisition in its history, agreed to buy cosmetics company Too Faced for about $1.45 billion, scooping up a makeup brand that’s popular with millennials. Too Faced, which is expected to top $270 million in net sales this year, will help Estee Lauder expand in e-commerce and specialty stores, according to a statement Monday. The purchase is expected to be completed next month.

Read More at Bloomberg Here

Read More at Reuters Here

Read More at Teen Vogue Here

Closing Bell

– Monday, November 14th

Financials Lead the Way as Dow Finishes Up but S&P and Nasdaq Slip

Big Insider Trades

– Sterling Bancorp. (STL) Director James Deutsch Sells Another $2.25 m

– Spark Energy, Inc. (SPKE) Execs Buy $1m