NEWS
November 2009
30 Nov 2009
The U.S. Senate began work on a sweeping healthcare overhaul on Monday, with senators on both sides pouncing on findings in a nonpartisan budget report on insurance premiums to bolster their arguments…
30 Nov 2009
Orthopedic device maker Stryker Corp said on Monday it would acquire Ascent Healthcare Solutions, a privately held reprocessor of medical devices, for $525 million in cash...
30 Nov 2009
Brazilian medical services company Fleury and its shareholders said on Monday they plan to raise up to 582.3 million reais ($334 million) through an initial public offering that should…
30 Nov 2009
A group of noteholders of bankrupt regional theme park operator Six Flags Inc said on Sunday it submitted an alternative reorganization plan that transfers most of the equity to them...
30 Nov 2009
Thirty global financial institutions have been selected for cross-border supervision exercises by regulators…
30 Nov 2009
EnCana Corp, Canada's largest natural gas producer, said on Monday it has completed the split of the company into separate gas and oil businesses and expects shares in spun-off oil company…
30 Nov 2009
The U.S. Treasury and Federal Reserve on Friday delayed the implementation date for a new Internet gambling payment ban for six months, a move that gives lawmakers time to clear up confusion over...
30 Nov 2009
ING priced a rights issue intended to raise 7.5 billion euros ($11.2 billion) at a steep discount, hoping to reduce its dependence on state aid by tapping shareholders made warier by Dubai's debt crisis…
28 Nov 2009
Canada and India agreed on Saturday to cooperate on nuclear issues, with a pact that ends a freeze in cooperation dating from 1974 and could offer new opportunities for Canadian uranium firms…
27 Nov 2009
To LeRoy Zimmerman, the taste of chocolate will always mean Hershey's. But now the head of the charitable trust that controls the Hershey Company must contemplate a risk-everything deal that would…
26 Nov 2009
A potential 150 billion pounds fund covering British workers without pensions from 2012 should invest in alternative assets like property and hedge funds…
25 Nov 2009
Talison Lithium Ltd, one of the world's leading lithium producers, plans an initial public offering (IPO) on both the Australian Stock Exchange and the TSX...
25 Nov 2009
Dubai will ask creditors of two of its flagship firms for a standstill on debt worth billions of dollars as a first step toward restructuring Dubai World, the conglomerate which...
25 Nov 2009
Sensata Technologies, a Dutch company owned by private equity firm Bain Capital, filed for an initial public offering of up to $500 million on Wednesday...
25 Nov 2009
California on Tuesday released draft rules for its landmark greenhouse gas cap-and-trade plan that will be the most ambitious U.S. effort to use the market to address global warming...
25 Nov 2009
U.S. private equity investor JC Flowers is circling Britain's weakened banking industry, prepared to swoop on forced divestments over the next 12 months…
25 Nov 2009
Debtholders of bankrupt Tribune Co have asked a judge to deny the media company's request for more time to present a plan of reorganization so the lenders themselves can offer a plan...
25 Nov 2009
Facebook has established a dual-class stock structure to ensure voting control by existing owners, but has no plans to become a public company…
25 Nov 2009
Australia's tax office has hit U.S. private equity group TPG with a $628 million bill for tax and penalties, in a dispute that threatens to deter further foreign investment in the country…
25 Nov 2009
Windstream Corp has agreed to buy Iowa Telecommunications for $530 million, excluding $598 million of debt, as it looks to offset declining revenue from continued disconnections of home phones...
25 Nov 2009
State Street Corp said on Tuesday it has granted retiring Chief Executive Ronald Logue a $6 million cash "transition award"…
24 Nov 2009
Citigroup Inc said it agreed to sell its Diners Club North America credit card business to Canada's BMO Financial Group as it sheds unwanted assets and focuses on its main units…
24 Nov 2009
The U.S. Federal Reserve this month asked banks that were part of its "stress tests" to submit plans to repay government money, if they have not already repaid it…
24 Nov 2009
Japanese electronics maker Panasonic Corp and its rival Sanyo Electric Corp Ltd have won U.S. antitrust approval to merge…
24 Nov 2009
Informa is in talks to buy Springer Science and Business Media in a 2.6 billion euros ($3.9 billion) deal including debt that would boost its more resilient academic publishing unit but...
24 Nov 2009
Taiwan's regulators have turned down Chinatrust's (2891.TW) plans to raise T$44.35 billion ($1.4 billion) in a private placement, having raised concerns over the source of one of the buyer's funds...
24 Nov 2009
Financier Carl Icahn has offered $156.5 million to acquire the partially built Fontainebleau Las Vegas resort, which has been stalled in bankruptcy court since June, according to…
24 Nov 2009
Micro-blogging site Twitter is interested in making more acquisitions as it continues to grow in popularity, co-founder Biz Stone said...
24 Nov 2009
General Motors has paid back a loan from Germany and slightly lowered its target for job cuts at struggling European unit Opel…
24 Nov 2009
Lehman Brothers International (Europe), where more than $35 billion (21 billion pounds) of hedge fund assets have been frozen since the bank's collapse last September, could…
24 Nov 2009
Pressure is growing on BHP Billiton to return billions of dollars of retained earnings to shareholders, but the top global miner is unlikely to succumb until the fate of a planned iron ore joint venture with…
24 Nov 2009
Lehman Brothers International (Europe), where more than $35 billion (21 billion pounds) of hedge fund assets have been frozen since the bank's collapse last September, could return about $11 billion to…
24 Nov 2009
Telus Corp said on Tuesday it had obtained a court injunction preventing rival Rogers Communications from claiming its wireless network is the most reliable in Canada…
23 Nov 2009
People's United Financial Inc agreed to buy Financial Federal Corp for about $738 million in stock and cash to boost its equipment financing businesses....
23 Nov 2009
Peet's Coffee & Tea Inc raised its cash-and-stock offer to buy Diedrich Coffee Inc, but with its shares trading down, the proposed deal offered little upside to a competing all-cash bid from Green Mountain Coffee Roasters Inc…
23 Nov 2009
General Cable Corp said it received requests for information from the U.S. Department of Justice (DOJ) and the European Commission related to a probe on…
23 Nov 2009
Ciena Corp will buy the optical networking and carrier Ethernet business of bankrupt Nortel for $769 million after it trumped Nokia Siemens Networks in a three-day auction…
23 Nov 2009
Libya plans to sell shares in four state companies in initial public offerings (IPOs) in 2010, including two telecom firms, an iron and steel company and a bank…
23 Nov 2009
U.S. billionaire investor Wilbur Ross plans to buy shares of China Longyuan Power Group, Asia's largest wind power generator which aims to raise up to $2.2 billion from its Hong Kong initial public offering...
23 Nov 2009
U.S. casino operator Majestic Star Casino LLC and 7 affiliates filed for Chapter 11 bankruptcy, court documents showed...
23 Nov 2009
UK explorer Heritage Oil has agreed to sell its Ugandan interests to Italy's Eni for up to $1.5 billion, enabling Heritage to back out of a planned Kurdish tie-up which...
23 Nov 2009
Cairo-based private equity firm Citadel Capital has listed its shares on Egypt's stock exchange in preparation for a likely rights issue in the coming months…
23 Nov 2009
Cadbury Plc would prefer a merger with U.S. chocolate maker Hershey Co rather than Kraft Foods Inc, the British company's chairman Roger Carr told the Sunday Telegraph newspaper...
23 Nov 2009
Shares in energy major Reliance Industries rose to one-month highs on Monday as traders said its offer for bankrupt petrochemicals company LyondellBasell Industries was well timed and would help its core businesses…
23 Nov 2009
Burford Capital, the AIM-listed investor in corporate lawsuits -- said on Monday it has made its first two investments since raising 80 million pounds ($132.3 million) in an IPO last month…
20 Nov 2009
Hedge fund investors stuck in products with illiquid assets are increasingly seeing interest in their stakes from specialist private equity or…
20 Nov 2009
Britain's financial watchdog will have powers to claw back bank bonuses that breach globally agreed rules...
20 Nov 2009
EBay Inc said on Thursday it had completed its sale of its Skype unit, as it had vowed to do before the end of the year…
20 Nov 2009
Cadbury suitors Ferrero and Hershey would likely break the UK confectioner up into separate businesses if a mooted bid for the company succeeds, an Italian newspaper reported...
20 Nov 2009
Supermarket mogul Ron Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York's debt…
20 Nov 2009
European Union regulators have extended their review of plans by U.S. software firm Oracle to buy Sun Microsystems for $7 billion, giving Oracle more time to tackle concerns the deal may be anti-competitive…
20 Nov 2009
Healthcare information and services provider HealthPort Inc shelved plans to go public, citing market conditions before the markets opened on Thursday.
20 Nov 2009
GSI Group Inc, a supplier of precision technology and semiconductor systems, filed for bankruptcy protection in a Delaware court on Friday as part of a pre-arranged plan that would hand over control of the company to certain creditors.
20 Nov 2009
Investment bankers are already pitching to clients a new form of hybrid bond...
19 Nov 2009
Blackstone Group LP is to buy frozen foods maker Birds Eye Foods through its portfolio company Pinnacle Foods in a $1.3 billion deal...
19 Nov 2009
Last year's market meltdown loosened Wall Street's decades-old grip on the prime brokerage business, and ferocious competition over supporting hedge funds means the...
19 Nov 2009
A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned by the central bank's move to curb unregulated lending…
19 Nov 2009
A unit of General Electric Co raised $500 million in a 5-year Islamic bond sale, the first by a large U. S. conglomerate, as it looks to diversify its investor base…
19 Nov 2009
JPMorgan Chase & Co. is beefing up in Europe by buying the half of Cazenove it does not already own in a deal valuing the 190-year old UK stockbroker at 2 billion pounds…
19 Nov 2009
The U.S. Trustee for the eastern district of Virginia has objected to the reorganization plan filed by bankrupt title insurer LandAmerica Financial Group Inc saying...
19 Nov 2009
Regional supermarket operator Penn Traffic Co filed for bankruptcy in a Delaware court on Wednesday and said it was looking to sell its stores and other assets while under Chapter 11 protection…
19 Nov 2009
Deutsche Telekom will become Germany's No. 2 player in webhosting products by buying freenet's Strato unit for 275 million euros ($412 million) in cash…
19 Nov 2009
The Obama administration wants a fast-track initial public offering of General Motors Co shares to reduce its majority stake in the automaker, a senior official said...
19 Nov 2009
Chinese wireless Internet access card provider Vtion Wireless Technology AG said on Monday it planned to raise up to 152 million euros ($222.5 million) in an initial public offering in Frankfurt...
19 Nov 2009
Kabel Deutschland, Germany's biggest cable operator, may seek an initial public offering next year if market conditions are right…
19 Nov 2009
Ten large U.S. companies paid senior executives a total of $350 million in the few years prior to dropping traditional pension plans for employees, a Congressional watchdog said…
19 Nov 2009
Canada laid down new guidelines for credit and debit card firms on Thursday aimed at helping retailers minimize costs associated with the use of these cards by…
18 Nov 2009
Wells Fargo Investments LLC will repay about $1.3 billion to clients whose funds were frozen in the auction-rate securities market in the latest of a series of…
18 Nov 2009
Specialty potash fertilizer producer Migao Corp said it is selling shares worth C$30 million ($28.46 million), partly to fund the development of specialty potash or related fertilizer manufacturing capacity in China…
18 Nov 2009
Apollo Management, a private equity firm headed by former Drexel Burnham Lambert executive Leon Black, is planning to list on the New York Stock Exchange…
18 Nov 2009
China Forestry Holdings Group, a forestry plantation operator backed by the Carlyle Group, plans to raise up to $203 million via an initial offering of shares in Hong Kong late this month…
18 Nov 2009
Britain's out-of-favour Labour government has put financial and fiscal reforms at the heart of its latest legislative agenda, attempting to engineer a political recovery before…
18 Nov 2009
The U.S. Federal Reserve is looking into proposals for private investment in banks and may come up with further guidelines on how such deals could work…
18 Nov 2009
Direcional Engenharia SA, one of Brazil's largest home builders, priced the shares of its initial public offering on Tuesday at 10.5 reais each, in the middle of the expected range...
17 Nov 2009
The Obama administration created a new task force on Tuesday to crack down on financial fraud, an increasingly important political issue after a spike in mortgage scams and big Wall Street trading scandals…
17 Nov 2009
Applied Materials Inc said on Tuesday that it would buy chip equipment and services provider Semitool Inc for about $364 million in cash…
17 Nov 2009
The Federal Reserve Bank of New York used a weak negotiating strategy that failed to wring concessions from AIG trading partners last year, allowing them to reap nearly $30 billion in…
17 Nov 2009
Britain's communications regulator recommended relaxing rules on ownership of local media to help commercial providers of regional news struggling to survive a slump in advertising…
17 Nov 2009
China-focused private equity fund Hopu Investment Management plans to invest up to $1 billion in China Minsheng Bank, a mid-sized lender aiming to raise $4.07 billion through its…
17 Nov 2009
Billionaire investor George Soros' hedge fund reported holdings of $6.2 billion during the third quarter, an increase of $2 billion, after taking a…
17 Nov 2009
Lehman Brothers Holdings Inc has filed a lawsuit against Barclays Capital Inc alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its...
17 Nov 2009
Select Comfort Corp said it amended its credit agreement through June 2011, which will provide the bedding retailer with initial financing of up to…
16 Nov 2009
Mired with losses, Japan's biggest electronics group by sales, Hitachi Ltd, is raising up to $4.6 billion to cut debt as it seeks to turnaround its sprawling businesses and...
16 Nov 2009
Champion Enterprises Inc said on Sunday the company and its domestic operating subsidiaries filed for bankruptcy, and that it hopes to go through a court-supervised sale of its U.S. operations…
16 Nov 2009
General Electric Co and Aviation Industry Corp, a Chinese state-owned aircraft maker, agreed on Sunday to form an avionics joint venture that will have China’s booming commercial aircraft…
16 Nov 2009
Boeing and Abu Dhabi government-owned investment firm Mubadala signed an aerospace pact that will help the Gulf Arab emirate launch its fledgling aerospace industry…
16 Nov 2009
Japan's Canon plans to buy Dutch copier and printer maker Oce for 730 million euros ($1.09 billion), challenging rivals Ricoh (7752.T) and Xerox in a hunt for growth during the sector downturn…
16 Nov 2009
Citigroup Inc said on Sunday it has agreed to sell its stake in Japanese telemarketer Bellsystem24 to U.S. private equity firm Bain Capital for 93.5 billion yen ($1 billion)...
16 Nov 2009
U.S. network equipment maker Cisco has raised its bid for Norwegian video conferencing equipment maker Tandberg, backed by holders of more than 40 percent of…
16 Nov 2009
U.S. mall owner Developers Diversified Realty Corp snapped a dry spell of nearly a year and a half by selling $400 million of new commercial mortgage bonds on Monday, with help from…
13 Nov 2009
Green Mountain Coffee Roasters Inc acquired the wholesale business of its licensee Timothy's Coffees from an affiliate of private equity firm Sun Capital Partners for $157 million in cash to enter the Canadian market…
13 Nov 2009
Cisco Systems Inc shareholders narrowly approved a "say on pay" proposal giving them a greater voice in setting executive compensation...
13 Nov 2009
Hedge fund managers may be told to justify their pay and prove it does not encourage excessive risk-taking, according to a document that could be a cornerstone of new…
13 Nov 2009
U.S. securities regulators intend to proceed with their civil case against two former Bear Stearns fund managers who were acquitted of related criminal charges earlier this week…
13 Nov 2009
Lafarge, the world's largest cement maker, and Shui On Construction and Materials Ltd are set to spinoff their cement joint venture, aiming to raise $500 million-$600 million from a Hong Kong initial public offering in…
13 Nov 2009
Liberty Global, the international cable operator controlled by U.S. cable pioneer John Malone, has agreed to buy Germany's Unitymedia from a private equity group for...
13 Nov 2009
The Government of Singapore Investment Corp (GIC) said it has bought 3 million 'Class A' shares of Hyatt Hotels Corp, which raised $950 million this month in…
13 Nov 2009
British Airways and Spain's Iberia announced on Thursday a preliminary agreement for a $7 billion merger to create the world's third-largest airline by revenue…
13 Nov 2009
Global bank HSBC is selling its landmark European headquarters in London's Canary Wharf to South Korea's National Pension Service for 772.5 million pounds ($1.3 billion), making it…
13 Nov 2009
The London 2012 Olympic Games will be the biggest security challenge for Britain since World War Two, a government minister said…
13 Nov 2009
Weakness in the auto and airline industries, as well as retail and service sectors, has more than tripled the potential risk to the U.S. pension insurance system…
13 Nov 2009
British Airways' merger with Spain's Iberia will give the two loss-making airlines the scale they need to ride out recession and compete with...
12 Nov 2009
Intel Corp will pay rival chipmaker Advanced Micro Devices Inc $1.25 billion to settle all outstanding legal disputes, in a move that could weaken antitrust authorities' cases against Intel....
12 Nov 2009
TeliaSonera and Alfa Group said on Thursday they would combine their Eurasian mobile assets, a move that could help them resolve a bitter dispute over ownership of top Turkish operator Turkcell…
12 Nov 2009
James River Coal Co said it plans to offer $125 million convertible senior notes and intends to use about $57.3 million from the proceeds to terminate its letter of credit facility…
12 Nov 2009
Churchill Downs Inc, host of the Kentucky Derby, agreed to buy Youbet.com Inc for $126.4 million to tap into new technologies as it expects more people to place bets online…
12 Nov 2009
Hewlett-Packard Co is making a move into the network equipment market by striking a $3.1 billion deal for 3Com Corp, in a major challenge to Cisco Systems Inc…
12 Nov 2009
Diversified U.S. manufacturer United Technologies Corp said it will buy General Electric's security business for $1.82 billion in a move to expand the presence of the world's top maker of…
12 Nov 2009
Western Australia state has raised the stakes in its demand for higher royalties from iron ore miners Rio Tinto and BHP Billiton, telling them that it would not rubber-stamp their planned iron ore merger…
12 Nov 2009
European aerospace and defence group EADS (EAD.PA) said its Airbus division has formed a joint venture with an Indian and Turkish firm for spare parts and logistics support…
12 Nov 2009
Sikorsky Aircraft, a subsidiary of diversified U.S. manufacturer United Technologies, and India's Tata Advanced Systems have formed a joint venture to make aerospace components for Sikorsky…
12 Nov 2009
Energy Future Holdings said on Thursday that bondholders offered to swap just $357.5 million of debt, far short of the $6 billion initially targeted by the power company in a massive debt exchange…
12 Nov 2009
The Islamic division of Swiss financial group UBS will broaden its derivatives offering to meet a growing demand for risk management tools…
11 Nov 2009
Canada pension funds and private equity are eyeing income trusts with steady earnings and resource companies as homes for cash held over during the economic crisis as acquisitions bubble up again after...
11 Nov 2009
Hedge fund firm Paulson & Co, which earned billions with savvy bets during the credit crisis, has doubled its stake in confectionery maker Cadbury...
11 Nov 2009
Technology outsourcing and consulting firm Accenture LLP asked a federal court on Tuesday to stop Guidewire Software Inc from selling its insurance software...
11 Nov 2009
Morgan Stanley's Australian real estate unit, Investa Property Group, has abandoned a plan to float some office assets as the offer price did not meet investors' expectations…
11 Nov 2009
Initial public offerings in Europe are gaining momentum, with three major IPOs set to launch before year-end and about $10 billion that could be raised in…
11 Nov 2009
Private equity firm TPG could partner with American Airlines on a minority investment in Japan Airlines to prevent its defection to a rival airline group…
11 Nov 2009
Qatar has sold half its Volkswagen preference shares, cashing in on recent gains and raising around 1.5 billion euros ($2.4 billion) for possible future deals…
11 Nov 2009
IESI-BFC Ltd said on Wednesday it has agreed to acquire Waste Services Inc in an all-stock deal worth about $370 million that will create North America's…
11 Nov 2009
The European Commission issued fines totaling 173 million euros ($260 million) to 24 companies on Wednesday for being in a cartel that fixed prices for heat stabilisers...
11 Nov 2009
The European Commission has set a one-month deadline to review Kraft Foods Inc's $16 billion hostile bid for British chocolate maker Cadbury after…
11 Nov 2009
Pushing for tougher changes in U.S. financial regulations, the Senate's top banking legislator on Tuesday proposed a new super-cop to police banks, a systemic risk agency and…
11 Nov 2009
Logitech said it is buying privately held LifeSize Communications for $405 million, bolstering its position in the much-prized video communication market...
11 Nov 2009
Jilin Jien's bid to take control of early-stage miner Canadian Royalties looked increasingly likely, after the No. 2 Chinese nickel producer said its tender offer had received support from a…
11 Nov 2009
Bankrupt Six Flags Inc has submitted a new reorganization plan that represents a victory for hedge fund Avenue Capital Management, which fought an initial proposal that gave little to bondholders…
11 Nov 2009
Network equipment maker Avaya said on Wednesday it won key regulatory approvals for its bid for Nortel Networks Corp's enterprise business, adding that it expects to close the deal in December...
11 Nov 2009
The European carbon market is bracing itself for a storm as another wave of selling by industrial companies is anticipated at the end of December or early January…
11 Nov 2009
Danish windpark and solar energy operator Scan Energy said on Wednesday it plans to launch an initial public offering and is aiming for a listing on Frankfurt's Prime Standard segment…
10 Nov 2009
Over 90 percent of shareholders in Norwegian videoconferencing company Tandberg snubbed an acquisition bid by U.S. network equipment maker Cisco Systems Inc, with many expecting a sweetened offer...
10 Nov 2009
The number of so-called "prepackaged" bankruptcy filings has tripled this year, as troubled companies increasingly try to work out issues with creditors before bankruptcy…
10 Nov 2009
Clearwire Corp said on Tuesday that it would raise $1.564 billion from its current investors to help fund a high-speed wireless network it is building…
10 Nov 2009
Private equity firm BC Partners is staking up to $331 million on strong growth in U.S. career training, buying Texas-based ATI Enterprises from middle-market rival…
10 Nov 2009
The Cayman Islands hope more hedge fund managers and their families will move to the off-shore centre as it seeks to boost tax revenues...
10 Nov 2009
Junior bondholders are readying a lawsuit to challenge a restructuring deal for Greek mobile operator Wind Hellas...
10 Nov 2009
Warren Buffett's Berkshire Hathaway Inc will sell its stakes in the railroad companies Union Pacific Corp and Norfolk Southern Corp before it finishes its purchase of …
10 Nov 2009
The administrator of Lehman Brothers' European arm will proceed with a revised plan to return billions of hedge fund assets after a London appeal court on Friday rejected earlier proposals...
10 Nov 2009
Comments by the U.S. Department of Justice after EU competition authorities formally objected to Oracle's plan to buy Sun Microsystems were "unusual”…
10 Nov 2009
The European Commission has objected to Oracle Corp's acquisition of computer maker Sun Microsystems Inc, throwing the $7 billion deal into question…
10 Nov 2009
The U.S. Treasury Department said on Monday it will immediately close its Capital Assistance Program, set up last spring for bank stress tests, because…
10 Nov 2009
Private equity firm Carlyle said on Monday it struck a deal to buy software developer OpenLink Financial from TA Associates, also a private equity firm...
10 Nov 2009
Activity in Canada's venture capital market hit a 14-year low in the third quarter, tumbling 51 percent to $191 million from the same period a year ago as uneasy investors stayed out of the market…
10 Nov 2009
Hochtief expects the planned initial public offering of its Concessions unit to generate proceeds of almost 1 billion euros ($1.5 billion), making it the biggest German IPO in two years …
9 Nov 2009
The joint venture that borrowed heavily to buy Stuyvesant Town and Peter Cooper Village in 2006 could be among the first to take advantage of changes in U.S. tax law that let borrowers...
9 Nov 2009
Google Inc is acquiring mobile advertising company AdMob for $750 million, furthering the company's push into the fast-growing market of Web-enabled cell phones...
9 Nov 2009
It took 14 years and a U.S. tip-off to bring the perpetrators of Canada's biggest insider trading scheme to justice, raising questions about Canada's ability to…
9 Nov 2009
Deutsche Boerse is the sole bidder for a controlling stake in the state-owned Warsaw bourse...
9 Nov 2009
Under the deal, EA paid about $275 million in cash and $25 million in equity retention arrangements…
9 Nov 2009
Fannie Mae is evaluating whether it can proceed with a sale of tax credits after the Treasury said Friday it would block the sale of tax credits after the Treasury...
9 Nov 2009
Kraft Foods turned hostile in its bid for Cadbury on Monday, making a formal but unchanged takeover offer which now triggers a bid battle for the British confectioner which...
9 Nov 2009
Morgan Stanley is looking to sell its 34 percent stake in investment bank China International Capital Corp...
9 Nov 2009
Sonova said on Monday it is to buy U.S. cochlear implant maker Advanced Bionics for $489 million in cash, reinforcing its position as global leader in hearing aid production...
9 Nov 2009
Bankrupt Six Flags Inc has submitted a new reorganization plan that represents a victory for hedge fund Avenue Capital Management, which fought an…
9 Nov 2009
Luxembourg could draw hedge funds in their droves as European investors retreat from offshore vehicles and seek to rein in liquidity and counterparty risk in the post-Madoff, post-Lehman environment…
9 Nov 2009
The four shareholders of India's UTI Mutual Fund will sell a combined 26 percent stake to T. Rowe Price for $140 million, giving the U.S. money manager a cheap entry into the fiercely competitive…
9 Nov 2009
Advanta Corp, a small business credit card lender in the United States, said on Sunday it filed for bankruptcy protection after the economic crisis over the last two years devastated its…
9 Nov 2009
Defense contractor Northrop Grumman <NOC.N> has agreed to sell its TASC consulting unit to two buyout firms, General Atlantic and Kohlberg Kravis Roberts & Co…
9 Nov 2009
It took 14 years and a U.S. tip-off to bring the perpetrators of Canada's biggest insider trading scheme to justice, raising questions about Canada's ability to crack down on white collar crime…
9 Nov 2009
The number of so-called "prepackaged" bankruptcy filings has tripled this year, as troubled companies increasingly try to work out issues with creditors before bankruptcy…
6 Nov 2009
Scripps Networks Interactive Inc plans to buy a controlling stake in the Travel Channel under a deal with Cox Communications Inc that values the cable network at nearly $1 billion...
6 Nov 2009
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and…
6 Nov 2009
Citigroup Inc is planning to relaunch Citi Alternative Investments (CAI), a unit that contains its hedge fund operations…
6 Nov 2009
Private equity firm Blackstone Group is to buy stakes in two of Glimcher Realty Trust's malls by setting up a joint venture with the group, the pair announced on Thursday...
6 Nov 2009
The Carlyle Group said on Friday it would buy a Japanese restaurant chain operator in a 21 billion yen ($230 million) management buyout, its second deal in...
6 Nov 2009
Citigroup Inc said on Thursday it plans to raise up to $100 million through selling shares of its Primerica Inc life insurance unit, as the…
5 Nov 2009
The Federal Deposit Insurance Corp asked a court for control over $3.7 billion claimed by both bankrupt holding company Washington Mutual Inc and…
5 Nov 2009
Investors snapped up the shares of Hyatt Hotels Corp in their debut on Thursday, enticed by the company's strong balance sheet and prospects for a robust rebound in the lodging industry in…
5 Nov 2009
Gourmet coffee chain Peet's Coffee & Tea Inc agreed to buy Diedrich Coffee Inc in a $212 million cash-and-stock deal, to enter the fast growing single-cup coffee market...
5 Nov 2009
European Union lawmakers and the bloc's governments, clinched a deal early on Thursday over a stalled telecommunications reform package aimed at boosting competition…
5 Nov 2009
Britain's financial watchdog fined Swiss bank UBS AG 8.0 million pounds ($13.2 million) for allowing four former employees to make unauthorised trades with…
5 Nov 2009
Australian toll road operator Transurban Group rejected a $4.4 billion buyout approach from two Canadian pension funds on Thursday, but left the door open to a better offer, sending its shares up…
5 Nov 2009
Swedish biotechnology group Biovitrum said on Thursday it had signed a deal to buy drug firm Swedish Orphan, jointly owned by holding company Investor AB and…
5 Nov 2009
TPG and the Canada Pension Plan are close to a deal to buy IMS Health Inc, which provides data on prescription drug sales, for more than $4 billion, a source familiar with the matter…
5 Nov 2009
Canada may soon fund carbon capture and storage in British Columbia and Saskatchewan, expanding its plans to cut greenhouse gas emissions…
5 Nov 2009
Democrats on the U.S. Senate Environment and Public Works Committee approved their version of a climate change bill as the panel's Republican lawmakers boycotted the vote…
5 Nov 2009
A unit of Capmark Financial Group Inc has received a bid that "significantly" tops one by a Berkshire Hathaway Inc venture, an attorney for the bankrupt commercial property lender said on Wednesday…
4 Nov 2009
The top U.S. securities regulator on Wednesday called on Corporate America to upgrade its proxy voting practices to ensure shareholders a greater voice in governing the companies they own...
4 Nov 2009
J.P. Morgan Securities Inc will pay $75 million to settle charges in an unlawful payment scheme in the sewer financing of Jefferson County, Alabama…
4 Nov 2009
Intel Corp was sued on Wednesday by New York Attorney General Andrew Cuomo, who accused the world's largest chipmaker of scheming to maintain monopoly power in the…
4 Nov 2009
Credit derivative dealers will settle credit default swaps insuring the debt of CIT Group in an auction after the commercial lender filed for bankruptcy…
4 Nov 2009
Subordinated bondholders of Wind Hellas will offer senior secured noteholders an incentive to accept their proposal to bid for the company…
4 Nov 2009
Tech heavyweights Cisco Systems Inc and EMC Corp dampened speculation of a merger as they unveiled a partnership to take on rivals Hewlett-Packard Co and IBM…
4 Nov 2009
Direcional Engenharia, a Brazilian building company, said on Wednesday that it was seeking to raise up to 228 million reais...
4 Nov 2009
Goldman Sachs has agreed to sell half of its holding in Shineway Group, China's top meat processor, to a Chinese fund for about $150 million…
4 Nov 2009
Small businesses would be granted a permanent reprieve from complying with part of 2002's Sarbanes-Oxley corporate reform law, under a draft U.S. House of Representatives…
4 Nov 2009
AT&T Inc is suing Verizon Wireless in an effort to stop its bigger mobile rival from using "misleading" coverage maps in advertisements that AT&T says are causing it to lose "incalculable market share"…
4 Nov 2009
French media group Vivendi, which made an offer to buy Brazilian telecommunications group GVT in September, is still monitoring the situation despite an apparent set-back to a bid…
4 Nov 2009
Kraft Foods Inc has obtained a $9 billion in bridge financing from a group of nine banks to back its 10.2 billion pound ($16.7 billion) bid for Britain's Cadbury Plc…
4 Nov 2009
The first template for over-the-counter Islamic derivative contract will be launched this year or early next, one of the institutions involved in its creation said on Wednesday…
3 Nov 2009
The Madrid bourse scored a first in Europe on Tuesday by unveiling plans to open a warehouse for derivatives contracts, pitting itself against America's DTCC as it seeks to…
3 Nov 2009
Dutch bancassurer ING Groep said on Tuesday it will sell three of its U.S. independent broker-dealer units to private equity firm Lightyear Capital LLC as it…
3 Nov 2009
Warren Buffett's Berkshire Hathaway Inc has struck a deal to buy the rest of railroad Burlington Northern Santa Fe Corp for $26 billion, Buffett's biggest acquisition ever...
3 Nov 2009
Activist investor The Children's Investment fund (TCI), which famously launched an attack on ABN AMRO in 2007 that helped trigger the Dutch bank's sale…
3 Nov 2009
China Merchants Securities Co won regulatory approval for an initial public offering in Shanghai that could fetch $2 billion, setting off a return of big IPOs to the mainland stock market after…
3 Nov 2009
Shares of major U.S. trucking company YRC Worldwide sank 64 percent on Monday after the company revealed that a debt exchange offer it is making may lead to the issues of…
3 Nov 2009
Blackstone-controlled plastic container maker Graham Packaging Co Inc filed with U.S. regulators on Monday to raise up to $350 million in an initial public offering, the latest in…
3 Nov 2009
Casino operator Boyd Gaming Corp has asked a U.S. bankruptcy court to allow alternative reorganization plans for bankrupt rival Station Casinos…
3 Nov 2009
U.S. officials have asked for more information about the planned sale of MDS Inc's Analytical Technologies Division to Danaher Corp…
3 Nov 2009
Britain's two largest retail lenders have agreed to a massive shake-up of the banking sector that will see both sell hundreds of branches and key businesses to appease EU concerns over…
3 Nov 2009
Stanley Works struck a deal to buy rival Black & Decker Corp for $3.46 billion in stock, combining a top hand tool maker and power tool maker to...
3 Nov 2009
Canada's Competition watchdog wants "anti-competitive" realtors to change the way they work, and wants new rules that could help new players to enter the market and allow for consumers to pay less…
3 Nov 2009
Merck & Co and Schering-Plough Corp SGP.N said their $41.1 billion merger will be completed later on Tuesday, marking the close of the second huge deal in the pharmaceutical industry in recent weeks…
3 Nov 2009
CIT Group Inc is looking for a quick exit from Chapter 11 protection but its long-term survival outside of bankruptcy depends in large part on what regulators will allow it to do with its various businesses…
3 Nov 2009
Aviv REIT Inc, a real estate investment trust that focuses on healthcare properties, postponed its initial public offering, which had been scheduled to price on Tuesday…
2 Nov 2009
Cosmetics maker Revlon Inc said one of its units was seeking to amend its bank term-loan and bank revolver credit agreements…
2 Nov 2009
Hedge fund Och-Ziff has emerged as the buyer of TPG's stake in department store chain Debenhams after the U.S. buyout firm made its exit from the...
2 Nov 2009
Singapore state investor Temasek, Blackstone Group and KKR are among the firms expected to submit bids for AXA's stake in China's Taikang Life…
2 Nov 2009
Brazil's government is working on a broad overhaul of the country's currency laws following a strong runup of the nation's currency this year, the president of the central bank said…
2 Nov 2009
The U.S. Securities and Exchange Commission is in settlement talks with several large financial institutions to resolve investigations into the awarding of municipal investment contracts…
2 Nov 2009
Goldman Sachs Group Inc is in talks to buy millions of dollars of tax credits from Fannie Mae, but the U.S. Treasury could block the deal, The Wall Street Journal reported on Sunday…
2 Nov 2009
Denbury Resources Inc has agreed to buy Encore Acquisition Co for $3.2 billion to create one of North America's largest oil production and exploration companies…
2 Nov 2009
A former top executive at hedge fund firm ValueAct Capital is one of seven people charged with trading on inside information in Acxiom Corp...
2 Nov 2009
A deal between Royal Bank of Scotland, EU regulators and the UK government could include unplanned disposals, the bank said…
2 Nov 2009
CIT Group Inc, a lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial crisis left it unable to fund itself and…
2 Nov 2009
Bankrupt medical equipment provider CCS Medical Inc challenged its creditors to "put their money where their mouth is" to reach an agreement to sell the company or reorganize it…