NEWS
September 2010
30 Sep 2010
U.S. junk bond mutual funds reported $566 million of net inflows in the week ended September 29, the fourth consecutive week of inflows, following a...
30 Sep 2010
The publisher of the Philadelphia Inquirer and Daily News received court approval on Thursday to exit bankruptcy under the control of lenders, including hedge fund Angelo...
30 Sep 2010
The Obama administration unveiled regulations aimed at permanently reshaping the U.S. offshore drilling industry following the BP oil spill, but kept its deepwater drilling ban in place for now...
30 Sep 2010
Two former top State Street Corp.executives were hit with securities fraud charges on Thursday for misleading investors about a risky subprime mortgage-laden fund and tipping off favored clients...
30 Sep 2010
European aluminum maker Almatis Holdings BV said it has emerged from U.S. bankruptcy proceedings on Thursday, earlier than initially planned...
30 Sep 2010
Swiss drugmaker Novartis AG will plead guilty and pay a total of $422.5 million to settle criminal and civil charges of improperly marketing its epilepsy drug Trileptal, the U.S. government said...
30 Sep 2010
Google has added Latin to its automatic translation service, the 58th language supported by Google Translate and the first dead language in its repertoire, it said...
30 Sep 2010
Companies in Europe, the Middle East and Africa (EMEA) borrowed $574 billion of syndicated loans in the first nine months of 2010, up 16 percent on the same period a year ago as the loan market was...
30 Sep 2010
American International Group Inc laid out a plan that sets the insurer on that sets the insurer on an accelerated path for payback of bailout money, but it also increases the risk for the U.S. government...
30 Sep 2010
U.S. regulators begin tackling two of the most contentious parts of financial reform this week as they try to convince lawmakers they can police Wall Street and prevent another financial crisis...
30 Sep 2010
Sanofi-Aventis, which is seeking to buy U.S. biotech firm Genzyme to boost its drug portfolio, signed a major R&D outsourcing deal with Covance on Thursday in an attempt to improve returns...
30 Sep 2010
The U.S. government's $700 billion bailout of the financial system has become a form of long-standing aid for many of the nation's small and regional banks, even as the program...
30 Sep 2010
QR Energy LP filed with the U.S SEC to raise up to $300 million in an initial public offering of its common units...
30 Sep 2010
It's not unusual to hear people ask why Islamic finance does not embrace women...
30 Sep 2010
Along a sun-splashed cobblestone street in central Singapore, coatless bankers with loosened ties quaff imported beers in a neighbourhood of gaily painted shophouses called Duxton Hill...
30 Sep 2010
Since a new round of United Nations sanctions against Tehran was agreed in June, the UAE central bank has asked financial institutions in the federation to freeze accounts belonging to dozens of Iran-linked firms...
30 Sep 2010
Gold held just below the previous session's record high in Europe on Thursday, on track for a eighth consecutive quarterly gain, as concerns over the prospect of further U.S. quantitative easing underpinned prices...
30 Sep 2010
Ireland disclosed a mammoth "final" price tag of nearly 40 billion euros ($54.33 billion) on Thursday for bailing out its distressed banks and said it would have to make more drastic budget savings...
30 Sep 2010
Egyptian mobile firm Orascom Telecom (OT) said on Thursday its Algerian unit had received a new tax request amounting to about $230 million, a move that escalates the firm's row with Algiers...
30 Sep 2010
The OECD has removed the Philippines from a blacklist of non-cooperative tax havens after Manila changed its tax and bank secrecy laws...
30 Sep 2010
MasterCard Inc said on Thursday it bought a 12.5 percent stake in Indian electronic payment services provider, ElectraCard Services...
30 Sep 2010
Emirates Telecommunications Corp's offer to buy the Kharafi Group's stake in Zain is "suitable and good for both parties," the head of the Kharafi Group...
30 Sep 2010
Qatar Telecom (Qtel) will begin a roadshow for a benchmark-sized dollar bond on Oct 4, and six banks have been mandated to manage the sale...
30 Sep 2010
Japan's top oil explorer Inpex Corp is likely to withdraw from Iran's Azadegan oil field project, acceding to a request from the United States...
30 Sep 2010
Egyptian private equity firm Citadel Capital said it was investing $40 million to grow crops in Sudan, where agricultural spending is increasing as the government moves to address food shortages...
30 Sep 2010
Landline monopoly Telecom Egypt's attempts to boost its stake in Vodafone Egypt have been postponed but the firm is studying other ways to get more involved in the mobile market...
29 Sep 2010
Hong Kong-listed shares in Industrial and Commercial Bank of China Ltd fell to a three-week low on Thursday after Goldman Sachs Group Inc sold $2.25 billion worth of shares in the Chinese lender...
29 Sep 2010
The Philippines on Wednesday issued $3.19 billion of new 2021 U.S. dollar bonds and reopened 2034 U.S. dollar bonds in a swap and sale aimed at stretching its debt profile...
29 Sep 2010
China's top chemicals company Sinochem is working hard to come up with a plan challenge to BHP Billiton's $39 billion bid for Potash Corp, sources said, but efforts to secure a Russian partner have failed, according to a report...
29 Sep 2010
The Obama administration may have to wait several months to implement parts of the landmark Dodd-Frank financial reform law because Congress has yet to approve funds necessary for its implementation...
29 Sep 2010
U.S. chipmaker Intel said on Thursday that it plans to invest $20 million in a wireless broadband joint venture with South Korea's Samsung Electronics and KT...
29 Sep 2010
Hainan Airlines Co, China's fourth-largest carrier, said on Thursday it plans to launch the country's first private equity fund that invests in the aircraft leasing industry...
29 Sep 2010
Carlyle Group is wary of investing in Russia amid fears the country has not diversified itself enough away from natural resources, its co-founder David Rubenstein said...
29 Sep 2010
Car rental company Avis Budget Group Inc said it would be willing to agree to a break-up fee with Dollar Thrifty Automotive Group if rival Hertz Global Holdings walks away from its takeover bid for Dollar Thrifty...
29 Sep 2010
Liberty Mutual Agency Corp postponed indefinitely its planned initial public offering, quashing hopes that the planned $1.2 billion flotation could give a needed jolt to the U.S. IPO market...
29 Sep 2010
Wal-Mart Stores Inc named Charles Holley to succeed Chief Financial Officer Tom Schoewe, who will retire on November 30...
29 Sep 2010
Societe Generale won the dismissal of a U.S. shareholder lawsuit accusing the French bank of concealing nearly 7 billion euros of losses from a massive trading scandal and exposure to subprime mortgages...
29 Sep 2010
South Africa's second-largest food retailer Pick n Pay expects half-year profit to decline by as much as 25 percent, due to tough competition and losses related to…
29 Sep 2010
Buyout firm CVC is poised to receive preliminary bids for Mivisa, the Spanish food-can maker which it hopes will fetch 1 to 1.2 billion euros ($1.4 to $1.6 billion), people familiar with the matter said...
29 Sep 2010
Prudential Financial Inc will become Japan's biggest foreign life insurer after clinching a deal for two Japanese life insurance units owned by American International Group for $4.2 billion in cash...
29 Sep 2010
Dubai looks set to cash in on strong demand for high-yielding emerging market debt with a $1 billion dual-tranche Eurobond seen attracting orders for twice that sum on Tuesday...
29 Sep 2010
Emirates Telcommunications Corp (Etisalat) has offered to buy 46 percent of Kuwait's Zain, CNBC Arabiya said on Wednesday, in a deal that would be worth $11.8 billion...
29 Sep 2010
Global leaders are set to approve tough new rules for banks when they meet in Seoul in November, putting in place their core regulatory response to the global financial crisis...
29 Sep 2010
Brazilian ethanol and sugar company ETH said on Tuesday it plans to invest in ethanol production in Africa or other South American countries as a way to stimulate international buyers to use the biofuel...
29 Sep 2010
Tony Tobin was 62 when his financial adviser suggested he invest his 71,000 pound ($113,300) life savings with Keydata Investment Services, an award-winning UK company offering a "low-risk" bond with an attractive income...
29 Sep 2010
Troubled Islamic lender Amlak, whose long-touted plan to merge with rival Tamweel has been scuppered, will need new options to resume lending and to trade as a listed company...
29 Sep 2010
Egypt will sign one of two licences for services offering bundles of TV, broadband and phone services on Wednesday, Communications Minister Tarek Kamel said, a potentially lucrative niche for telecoms firms...
29 Sep 2010
Egyptian firm Orascom Telecom said its Algerian unit Djezzy's chief executive had been called in by police for questioning over allegations that the firm violated Algerian foreign exchange rules...
29 Sep 2010
Islamic finance is toughening supervision of its powerful religious advisers as shareholders worldwide demand increasing accountability from directors, but key reforms may do little to boost independence and transparency...
29 Sep 2010
The bankrupt publisher of The Chicago Tribune and Los Angeles Times said on Tuesday it reached an agreement with two hedge funds that would clear the way for it to end nearly two years in Chapter 11...
28 Sep 2010
Egypt's state pension fund will begin directing billions of dollars into private investments when a new pension law comes into force in January 2012...
28 Sep 2010
Apple has sued Nokia in Britain, extending the two technology giants' legal battle over patents beyond U.S. borders...
28 Sep 2010
JPMorgan Chase and Co has told federal regulators it may seek to recoup the money it used to buy the banking assets of Washington Mutual Inc, the Wall Street Journal reported...
28 Sep 2010
Barnes & Noble Inc shareholders chose a board slate proposed by Chairman Leonard Riggio over a group backed by dissident investor Ron Burkle, settling a bitter proxy battle between the...
28 Sep 2010
The U.S. Supreme Court said that it would decide whether corporations like AT&T Inc can claim personal privacy to prevent the disclosure of government records about them under the freedom of information law...
28 Sep 2010
EU finance ministers will discuss this week how to penalise rating agencies for passing judgement on countries based on "wrong analysis", a senior EU politician said...
28 Sep 2010
Bankrupt auto parts maker Visteon Corp is seeking court approval for a deal it said it reached with Ford Motor Co which would resolve almost all disputes and assure about...
28 Sep 2010
Coca-Cola Co said on Tuesday it has committed to increase investments in the Philippines by $1 billion over five years to strengthen operations there...
28 Sep 2010
Endo Pharmaceuticals said it agreed to buy privately held generics company Qualitest Pharmaceuticals for about $1.2 billion in cash to expand its portfolio of pain treatment drugs...
28 Sep 2010
The upcoming flash crash report will show that regulators have a "very deep understanding" of the marketplace, giving the public a measure of confidence, the head of the SEC...
28 Sep 2010
A surge in oil refining in India and the Middle East could eventually turn Dubai into a trading hub to rival Singapore, but much depends on the emirate's capacity to deal with derivatives for hedging price risk...
28 Sep 2010
Fosun International Ltd, China's largest private conglomerate, is looking to spend up to $2 billion to buy financial services firms as it bets on China's domestic consumption story, a top official said...
28 Sep 2010
The world is in an "international currency war" as governments manipulate their currencies to improve their export competitiveness...
28 Sep 2010
Japan's Takefuji Corp said it filed for bankruptcy on Tuesday with 433.6 billion yen ($5.1 billion) in debt, making it the biggest consumer lender to fail under the weight of court-ordered...
28 Sep 2010
Standard & Poor's warned on Tuesday it may cut Ireland's credit rating again due to the rising cost of recapitalising nationalised Anglo Irish Bank, pushing Dublin's borrowing costs to fresh peaks...
28 Sep 2010
Brazilian miner Vale expects the first of a series of massive ore carriers to be ready in 2011, as part of a project to reduce shipping costs from Brazil to its major customers in Asia...
28 Sep 2010
Dubai World's real estate development unit Limitless is set to delay repayment of a $1.2 billion loan for six months...
28 Sep 2010
Man Group said clients pulled out assets for an eighth straight quarter, confounding hopes that a recovery in its flagship fund would help it follow the wider hedge fund industry and attract investors once again...
28 Sep 2010
Teva-Kowa Pharma, an arm of Israel's generic drug giant Teva Pharmaceutical Industries, expects to book around $270 million in sales in its first year of marketing in Japan...
28 Sep 2010
MGM Resorts International said its joint venture in the booming Asian enclave of Macau, MGM China, has filed for an anticipated initial public offering in Hong Kong, sending its shares up more than...
27 Sep 2010
Private equity firm Cinven is to buy Britain's biggest water meter installer Spice for 251 million pounds ($397 million), and said it had its eye on several deals to expand the business...
27 Sep 2010
A U.S. federal judge said on Monday he would allow the discovery process to proceed in a lawsuit filed by Potash Corp to fend off BHP Billiton's $39 billion hostile takeover bid...
27 Sep 2010
Canada said on Monday it has committed 98 percent of the C$22 billion ($21 billion) it has earmarked for the second year of its economic stimulus plan...
27 Sep 2010
A federal judge on Monday refused to dismiss a class-action lawsuit accusing American International Group Inc of misleading investors about its exposure to subprime mortgages...
27 Sep 2010
Wal-Mart is in talks to buy South Africa's Massmart, a $4 billion deal that would give the U.S. retailer a big presence in fast-growing Africa and boost its emerging markets strategy...
27 Sep 2010
Southwest Airlines will purchase AirTran Holdings for $1.04 billion in cash and stock in a deal that will allow Southwest to expand its presence in major East Coast markets...
27 Sep 2010
Banking regulators on Monday said they are delaying a proposal that would begin putting into place how the government would use its new authority...
27 Sep 2010
Coca-Cola Co has won approval to buy the North American operations of its largest bottler on the condition that it creates a firewall to safeguard rival...
27 Sep 2010
Dollar Thrifty Automotive Group rejected Avis Budget Group's revised offer again saying it was not sure if Avis could close the deal...
27 Sep 2010
Consumer goods group Unilever Plc/NV will buy U.S. hair and skin care company Alberto Culver for $3.7 billion in the latest move to rebalance its portfolio toward higher growth lines...
27 Sep 2010
Spanish power company Endesa SA has agreed to sell 80 percent of its gas grid to Goldman Sachs funds for 800 million euros ($1.1 billion) to help its Italian parent Enel cut debt...
27 Sep 2010
The United Arab Emirates is "very optimistic" about reaching an agreement in a dispute with BlackBerry maker Research In Motion before an official deadline...
27 Sep 2010
Wolseley, the world's largest plumbing and heating products supplier, plans to move its tax status to Switzerland, becoming the latest in a growing number of firms to exit their UK base in search of tax savings...
27 Sep 2010
The Algerian government has denied imposing new taxes on the local unit of Egyptian mobile firm Orascom Telecom...
27 Sep 2010
China will set the timetable for its new "mini-QFII" scheme in mid-October as plans to allow offshore yuan deposits to be invested in mainland capital markets are...
27 Sep 2010
German car parts and tyre maker Continental AG will take out a bond worth up to 1.25 billion euros ($1.67 billion), the third in a series of issues...
27 Sep 2010
Australia will not put a price on carbon emissions until at least 2012, after Prime Minister Julia Gillard announced that a committee examining the issue...
27 Sep 2010
French conglomerate Vivendi said on Monday it had sold an initial chunk of its 20 percent stake in U.S. media group NBC Universal to General Electric...
27 Sep 2010
China's Bright Food Group is exploring the purchase of Britain's United Biscuits, a source said on Monday, a deal that at roughly $3.2 billion...
26 Sep 2010
Australia's booming coal-seam gas industry plans to build up to roughly $70 billion worth of liquefied natural gas (LNG) projects in the northern state of Queensland over the next four to seven years...
26 Sep 2010
Struggling Japanese consumer lender Takefuji Corp is preparing to file for bankruptcy, media said, hit by stricter lending rules and court orders to repay interest on loans deemed illegally high...
26 Sep 2010
American International Group Inc will be required to hold a 30 percent stake in its Asian life insurance business, AIA Group Ltd, for a year after AIA's listing next month, the term sheet showed on Monday...
26 Sep 2010
Brazilian mining giant Vale, the world's largest producer of iron ore, is weighing taking over Anglo American's fertilizer company Copebras...
25 Sep 2010
President Luiz Inacio Lula da Silva hailed a "new chapter in Brazil's development" on Friday after state oil company Petrobras sold $70 billion in shares at a higher-than-expected price...
25 Sep 2010
Even among emerging market powerhouses, Brazil and China stand out...
24 Sep 2010
Brazil faces an increased risk of a credit bubble due to strong dollar inflows, forcing policy makers to impose tougher rules on bank lending...
24 Sep 2010
The Senate will not vote on renewing Bush-era tax cuts before the November 2 elections, a spokesman for the Majority leader said on Thursday...
24 Sep 2010
Buoyed by the busiest August in more than a decade, global mergers and acquisitions have risen 21 percent so far this year, with stable activity in the United States and...
23 Sep 2010
Japan has confirmed that China's trade ministry has not banned rare earth exports to Japan, Akihiro Ohata, head of the Ministry of Economy, Trade and Industry (METI) told reporters on Friday...
23 Sep 2010
PCCW Ltd, Hong Kong's dominant fixed-line telephone operator, is considering listing its pay TV unit, a local newspaper reported on Friday, citing unidentified sources...
23 Sep 2010
BHP Billiton has cleared the first regulatory hurdle in its bid for Canada's Potash Corp, but any potential deal still faces major regulatory obstacles, especially within Canada...
23 Sep 2010
Brazilian mining company Vale said on Thursday its cash generating ability would allow it to buy back up to $2 billion in shares and return to investors $2.75 billion over the next five months...
23 Sep 2010
Lawmakers voted on Thursday to repeal a provision in their landmark Wall Street reform bill that exempted securities regulators from complying with some requests for information from the public...
23 Sep 2010
Video rental chain Blockbuster Inc filed for bankruptcy as part of a pre-arranged deal with bondholders that would slash the company's debt by about $900 million...
23 Sep 2010
European Union financial laws will be applied more directly and consistently in future, a top official said on Thursday, leaving local supervisors and the banking lobby with...
23 Sep 2010
High prices and rising mortgage rates are hurting demand in India's once-booming housing market, jeopardising a pipeline of about $6 billion in initial public offerings (IPOs) from Indian property companies...
23 Sep 2010
U.S. private equity firm Bain Capital is looking to sell French chemical company Novacap and the sale process will begin shortly, sources with direct knowledge of...
23 Sep 2010
Britain's markets watchdog told investment banks to adopt "a much stricter culture" to prevent leaks to journalists about takeovers and other deals, and said it might impose new rules if nothing improves in a year...
23 Sep 2010
Brazil's federal government increased its total stake in oil company Petrobras to about 48 percent from 40 percent after a massive stock offering, Finance Minister Guido Mantega said on Friday...
23 Sep 2010
Top U.S. automaker General Motors Co will allocate most of the shares in its initial public offering to U.S. investors and plans to set a share price low enough to...
23 Sep 2010
Korea National Oil Corp. said it had taken control of Dana Petroleum, paving the way for the biggest hostile acquisition by a South Korean firm, and boosting the country's oil reserves...
23 Sep 2010
Britain's banks are facing a hard-hitting probe that will examine the break-up of retail and investment banks after the financial crisis forced taxpayers to pour billions of pounds into the sector...
23 Sep 2010
Dubai state-owned property developer Nakheel expects to complete its debt restructuring by the end of the year...
23 Sep 2010
Songbird Estates, majority owner of London's Canary Wharf, reported rising asset values and a bumper dividend as demand for offices across the estate held firm despite Britain's feeble economic outlook...
23 Sep 2010
Up to a quarter of funds in Australia's $21 billion private equity industry could close as investors lose patience with weak returns at underperforming firms, buyout executives say...
23 Sep 2010
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0600 GMT on Thursday...
23 Sep 2010
The largest Islamic bank in the UK has set up a capital markets desk to advise on Islamic bond issuance as firms look to attract more investors from Asia and the Middle East...
23 Sep 2010
Brazilian state oil company Petrobras has received more than enough investor interest to sell all the shares in a massive offer worth up to $79 billion...
23 Sep 2010
Warren Buffett's Berkshire Hathaway Inc has sold another 560,000 shares of credit ratings company Moody's Corp, less than two weeks after selling an additional 1.35 million...
23 Sep 2010
Microsoft Corp on Wednesday sold $4.75 billion in new debt, some of it at the lowest U.S. corporate borrowing rate on record, as the world's largest software company takes advantage of...
23 Sep 2010
Video chain Blockbuster Inc filed for bankruptcy protection on Thursday, battered by online and mail-order services such as Netflix Inc that have transformed how customers rent movies...
22 Sep 2010
The timing of the Securities and Exchange Commission's case against Goldman Sachs Group Inc is "suspicious," a federal watchdog said, suggesting that the SEC used it to divert attention from...
22 Sep 2010
Potash Corp said on Wednesday it filed a lawsuit against BHP Billiton that seeks to block the mining giant's $39 billion hostile bid for the Canadian fertilizer producer...
22 Sep 2010
Severstal, Russia's largest steel producer, plans a fourth-quarter London listing of its gold unit that would value the business at around $4 billion (2 billion pounds), a person familiar with the matter said...
22 Sep 2010
Canadian fund manager Sprott Inc said it entered into a C$90 million ($87.89 million) stock deal to acquire three companies led by investor Rick Rule to increase its investments in the natural resource sector...
22 Sep 2010
U.S. technology products company Tech Data Corp and electronics product company Brightstar Europe won European Union regulatory approval on Wednesday for...
22 Sep 2010
Israel's Teva Pharmaceutical Industries is taking wider aim at Roche's blockbuster antibody drug Rituxan by launching a second clinical trial using a copy of the drug to treat non-Hodgkin's lymphoma...
22 Sep 2010
China's Sinochem Corp has hired banks to advise it how to foil BHP Billiton's $39 billion bid for Potash Corp, two sources with direct knowledge of the matter told Reuters...
22 Sep 2010
U.S. Federal Properties Trust filed with U.S. regulators on Wednesday to raise about $268 million in an initial public offering of common stock...
22 Sep 2010
Private equity firm TPG is selling its 9.3 percent stake in Parkway Life REIT in a deal that could raise as much as S$91.1 million ($69 million), IFR Asia reported on...
22 Sep 2010
U.S. exploration and production company Gastar Exploration Ltd said it would sell half of its interests in the booming Marcellus shale to a unit of South Korean investment firm...
22 Sep 2010
TUI AG's board approved a refinancing package for Hapag-Lloyd that will help pave the way for the German travel group's exit from the container shipping business...
22 Sep 2010
Goldman Sachs wants to sell its stake in Primo Japan Inc, a Japanese retailer of diamond rings, and is seeking bids of as much as 10 billion yen ($118 million), four people with direct knowledge of...
22 Sep 2010
Israel will hold a tender competition for up to two new mobile operator licences as part of a series of measures the government is taking to increase competition in the sector and lower rates for consumers...
22 Sep 2010
British engineering support services firm Redhall said it made a recommended cash offer to buy peer Mount Engineering for about 16.4 million pounds ($25.7 million) to...
22 Sep 2010
A local authority in western Sweden is enlisting the help of the government's debt collector to recover $15.9 million it spent supporting local carmaker Saab, now owned by Dutch group Spyker...
21 Sep 2010
China's Huawei will give clients access to its secret computer code as it tries to ease national security concerns about the company in the United States, the Financial Times said on Wednesday...
21 Sep 2010
China's Sinochem Corp has hired Deutsche Bank AG and Citigroup Inc to advise on a possible move to foil BHP Billiton Plc's $39 billion (25 billion pound) bid to take over Potash Corp, sources with direct knowledge of the matter said...
21 Sep 2010
Microsoft Corp raised its quarterly dividend by 23 percent to 16 cents per share on Tuesday, its first increase in two years, marking the latest move by a...
21 Sep 2010
Medical device maker China Medical Technologies Inc plans a $175 million, five-year bond issue callable after three years, sources close to the deal said on Wednesday...
21 Sep 2010
BNY Corporate Trustee Services Ltd may appeal a bankruptcy court decision over credit derivatives contracts with Lehman Brothers Special Financing Inc before...
21 Sep 2010
Thompson Publishing Holding Co filed for Chapter 11 bankruptcy on Tuesday, according to court filings...
21 Sep 2010
Penn Virginia Resource Partners LP agreed to buy its general partner Penn Virginia GP Holdings LP for about $954.5 million in stock, making it the latest in a number of...
21 Sep 2010
France Telecom has signed a deal to acquire a 40 percent stake in Morocco's second-biggest telecoms operator, Meditel, for 640 million euros ($841 million), industry sources said on Tuesday...
21 Sep 2010
A federal appeals court revived the U.S. Securities and Exchange Commission's insider trading lawsuit against Mark Cuban, the billionaire and owner of the Dallas Mavericks basketball team...
21 Sep 2010
A Student Loan Corp shareholder has sued to block the sale of the company by majority owner Citigroup Inc because it benefits the Wall Street bank at the expense of...
21 Sep 2010
Lehman Brothers Holdings Inc is seeking to settle a dispute with the New York branch of French bank Societe Generale and says if it is approved it could recover at least $445 million for a unit of...
21 Sep 2010
Market data services provider Capital IQ said on Tuesday it purchased rival TheMarkets.com, consolidating the increasingly competitive financial data sector...
21 Sep 2010
Clorox Co, maker of household cleaning products and other consumer goods, said it struck a deal to sell its auto-care brands to private equity firm Avista Capital Partners for $780 million in cash...
21 Sep 2010
Jet Airways said on Tuesday it signed a ten-year business transformation and information technology services agreement with IBM for $62 million...
21 Sep 2010
Britain gave only a partial thumbs-up on Tuesday to a draft European Union law aimed at cracking down on the opaque $600 trillion (£386.69 trillion) derivatives sector, warning against rushing to push all trading onto exchanges...
21 Sep 2010
A swarm of Indian companies plan IPOs in the next few weeks, tapping a market trading at 32-month highs, and rushing to get out of the way of many jumbo state-run offerings expected over the next couple of months...
21 Sep 2010
Women's clothing company Urban Brands Inc filed for Chapter 11 bankruptcy protection in a U.S. court early on Tuesday, after three straight years of losses...
21 Sep 2010
Kazakh miner ENRC agreed to pay $670 million to expand its presence in Brazilian iron ore and further diversify into another emerging market, Latin America...
21 Sep 2010
Hewlett-Packard Co has settled a legal dispute over Oracle Corp's hiring of Mark Hurd, as the two companies moved to publicly mend fences and put the contentious issue behind them...
21 Sep 2010
British private equity firm 3i Group has sold off its investment in steel pipemaker Welspun Corp due to limited growth opportunities in the pipeline industry, the Economic Times reported...
20 Sep 2010
IRC Ltd, the non-precious metals unit of London listed gold miner Petropavlovsk Plc, aims to raise as much as $588 million in a Hong Kong listing, according to a term sheet...
20 Sep 2010
Singapore Telecommunications, Southeast Asia's largest telecom, said it plans to set up a S$200 million ($150 million) corporate venture capital unit that will invest in new technologies and solutions...
20 Sep 2010
Singapore Airlines, the world's second-biggest airline by market value, said on Tuesday it will sell five year bonds worth S$300 million ($225 million)...
20 Sep 2010
Intended buyers of insurer American International Group's Taiwan unit have ended their purchase agreement after Taiwan's regulators opposed the deal...
20 Sep 2010
Barnes & Noble Inc failed to win the support of an influential shareholder advisory firm in its bitter proxy fight with billionaire investor Ron Burkle over the future of the nation's largest bookseller but got help from another...
20 Sep 2010
Face-recognition software maker L-1 Identity Solutions is being sold to two top European defense companies as the arms industry diversifies more deeply into the...
20 Sep 2010
Reviews by Canadian and U.S. competition regulators may push back BHP Billiton's takeover bid deadline for Potash Corp if the regulators need more time...
20 Sep 2010
IBM Corp said on Monday that it would buy data analytics company Netezza Corp for $1.7 billion to expand its business of helping clients analyze market information...
20 Sep 2010
The Options Clearing Corp. struck a deal to clear over-the-counter options tied to the well-known Standard & Poor's 500 Index, and plans to begin offering the service next summer, an executive said on Monday...
20 Sep 2010
The European Commission is taking aim at growing speculation and volatility in commodity markets, using its plan to reform wider financial markets, just as EU grain futures hit contract highs on Monday...
20 Sep 2010
Dark pools, or anonymous trading venues, face tougher scrutiny from supervisors so they can spot risks more quickly, a top European regulator said on Monday...
20 Sep 2010
The first trade creditor has filed a lawsuit against Dubai World's Nakheel property developer unit with the special tribunal set up to handle disputes over its debt restructuring, which could further delay a settlement...
20 Sep 2010
Danish jewellery maker Pandora launched on Monday an up to $2.16 billion initial public offering of stock, consisting mainly of a sell-off by private owners and marking a further recovery in European IPOs...
20 Sep 2010
General Growth Properties Inc, a shopping mall owner operating in bankruptcy, will pay the heirs of late billionaire Howard Hughes $230 million to resolve a long dispute over its acquisition of Summerlin...
20 Sep 2010
Indian conglomerate Sahara India Pariwar is in discussions about buying the debt of struggling film studio Metro-Goldwyn-Mayer for $1.5 billion to $2 billion, according to two people familiar with the matter...
20 Sep 2010
American International Group Inc plans to list its Asian life insurance unit, AIA Group Ltd, on October 29, aiming to raise about $15 billion in Hong Kong, sources familiar with the deal said...
20 Sep 2010
Desire to find new growth amid looming cuts in defense spending has spurred major arms suppliers to pay top dollar to snap up smaller rivals in high-demand technologies...
20 Sep 2010
The Treasury's $700 billion bailout fund officially expires in two weeks, but not for Neil Barofsky, the top cop for the Troubled Asset Relief Program...
20 Sep 2010
France's Safran unveiled a $1.1 billion deal to buy L-1 Identity Solutions and its core biometric identity business in a move that will also see BAE Systems extend its reach in the United States...
20 Sep 2010
BP said payouts to people affected by its Gulf of Mexico oil spill had dramatically increased since it surrendered authority for dispensing funds to an independent administrator...
20 Sep 2010
Two Mongolia-focused resource companies want to raise up to $1.3 billion from their initial public offerings in Hong Kong, reinforcing the territory's ambition to draw resource firms to list there...
20 Sep 2010
Islamic derivatives are still struggling to gain traction in the Gulf, six months after the launch of a much-touted over-the-counter contract aimed at creating a standard legal framework for hedging products...
20 Sep 2010
Buyout firm Silver Lake agreed on Sunday to buy a minority stake in Brazilian Web hosting company Locaweb for an undisclosed sum, to tap explosive growth in the world's fifth-largest Internet market...
20 Sep 2010
Iraq has postponed an auction for three gas fields for the second time, to Oct. 20, after some companies asked for more time to study contract terms...
20 Sep 2010
Australian car leasing firm Fleet Partners has launched an issue of A$178.8 million in a securitisation debut of car leases, it said...
20 Sep 2010
Iraq-focussed oil explorer Gulf Keystone Petroleum is looking at moving to London's main market in the first quarter of 2011...
20 Sep 2010
The following corporate finance-related stories were reported by media over the weekend and on Monday...
19 Sep 2010
A court delayed to Thursday a verdict on whether Thailand can go ahead with a third-generation mobile licence auction that could transform the $4.7 billion industry and usher in a new era of foreign investment...
19 Sep 2010
Sydney Airport, Australia's largest airport, will meet with investors in Asia and the United States ahead of a potential 144a bond offer, a person who has seen the roadshow schedule said on Monday...
19 Sep 2010
Chinese chemical conglomerate Sinochem Group has formally asked the government to back a bid for Canada's Potash Corp, a local newspaper reported on Sunday...
19 Sep 2010
Evergrande Becomes Most Valuable Brand in China Real Estate Industry with a Brand Value of RMB 8.016 billion...
17 Sep 2010
Securities regulators voted unanimously to propose that companies disclose more about their debt after it was revealed some banks were "window dressing" loans as sales...
17 Sep 2010
Shareholders of United Airlines parent UAL Corp and Continental Airlines Inc approved the merger of the two companies on Friday to form the world's largest air carrier...
17 Sep 2010
The U.S. Securities and Exchange Commission received the go-ahead to take former Countrywide Chief Executive Angelo Mozilo and two other former executives of the mortgage company to trial...
17 Sep 2010
Turkey's telecoms regulator has approved Turk Telekom's acquisition of units of European data capacity firm Invitel, part of Turk Telekom's drive to invest in its...
17 Sep 2010
Brazilian oil giant Petrobras said its massive share issue could reach $79 billion, expanding what was already the largest stock offer in history in a possible sign of strong investor demand...
17 Sep 2010
Investors betting European banks will promptly redeem high volumes of subordinated debt could be disappointed, as some look likely to keep the bonds for...
17 Sep 2010
Hedge fund manager Cheyne Capital has raised more than $100 million (64 million pounds) for a fund to ride an expected surge in corporate activity such as...
17 Sep 2010
Hitachi Ltd plans to push ahead with a $1 billion initial public offering of its hard-drive division in the United States and has selected a team of underwriters...
17 Sep 2010
U.S. health care company Johnson & Johnson, looking to catapult itself into the global vaccine market, is in talks to pay 1.75 billion euros ($2.3 billion) to buy Dutch biotech Crucell...
17 Sep 2010
Citigroup Inc is expected to announce a deal to unload its unit Student Loan Corp as early as Friday, The New York Post reported...
17 Sep 2010
Henderson Global Investors has launched a new $1.1 billion fund targeting the U.S. apartment market, saying it was the best-placed property sector for rent growth and occupancy over the next five years...
17 Sep 2010
Boeing on Friday signed $3.7 billion contract to supply 50 Boeing 737 Next Generation planes to Russia, with Russian Technologies reserving the option to buy 35 more planes in the future...
17 Sep 2010
Denmark's TDC agreed to sell its Swiss unit Sunrise for 3.3 billion Swiss francs ($3.3 billion) in a deal seen by analysts as readying TDC for a stock offering and boosting its shares 6 percent...
17 Sep 2010
Pubs and restaurants group Mitchells & Butlers has agreed to buy restaurant chain Ha Ha Bar & Grill for 19.5 million pounds, bulking out its food business in a drive to lift margins...
16 Sep 2010
Clearwater Paper Corp agreed to buy debt-laden Cellu Tissue Holdings Inc for about $247 million, eight months after it went public, to expand into eastern United States...
16 Sep 2010
Casey's General Stores and Alimentation Couche-Tard made their pitches to investors to vote for their respective slates of board nominees at Casey's annual meeting next week...
16 Sep 2010
Mortgage finance giants Fannie Mae and Freddie Mac could cost the government $53 billion through 2020 or save the government as much as $44 billion, depending on the accounting principles used...
16 Sep 2010
TDC A/S, the private-equity backed Danish telephone company, is close to a deal to sell Swiss unit Sunrise to buyout firm CVC Capital Partners, four people familiar with the matter said...
16 Sep 2010
The Senate passed a long-stalled measure that would boost lending to small businesses, giving President Barack Obama's Democrats one of their last chances to show...
16 Sep 2010
Lehman Brothers Holdings Inc asked a judge to delay 50 lawsuits it has filed while it tries to reach settlements and focus on other parts of its record bankruptcy...
16 Sep 2010
Bharti Airtel, India's top mobile operator, is looking to sell the telecoms towers of its African operations to a subsidiary for $2.6 billion to $3.2 billion, the Economic Times reported on Thursday...
16 Sep 2010
General Motors Co is determined to pay back taxpayers as quickly as possible, but the process could take "several years," GM Chief Executive Dan Akerson said...
16 Sep 2010
Telecom equipment maker Calix Networks Inc said it agreed to buy smaller rival Occam Networks for $171 million in cash and stock to enhance its broadband services portfolio...
16 Sep 2010
A Thai court on Thursday accepted a request by a state firm to temporarily halt a long- awaited auction for third-generation mobile licences...
16 Sep 2010
Private equity groups face curbs on asset stripping as part of efforts to end a logjam over new European Union rules to regulate alternative funds, EU president Belgium said on Thursday...
16 Sep 2010
Fiat shareholders approved the demerger of its industrial unit on Thursday, Chairman John Elkann said in declaring the results of the vote...
16 Sep 2010
Smartphone maker Motorola Inc acquired Munich-based Aloqa GmbH, which makes software that allows users to find relevant web content using the users' location and social context...
16 Sep 2010
Axel Springer has bought 12.36 percent in SeLoger.com from shareholders including management and supervisory board members as it seeks to take over the French online property ad group...
16 Sep 2010
Egyptian telecoms tycoon Naguib Sawiris, owner of Weather Investments, said on Thursday he had put in a binding bid for Greece's Wind Hellas, which is restructuring its debt and has invited bids for the company...
16 Sep 2010
Spain sold a combined four billion euros in 10- and 30-year bonds on Thursday, at the top of its targeted range, attracting solid demand and lower yields than its last auction in June...
16 Sep 2010
Potash Corp is trying to stitch together a consortium led by China to back a management buyout to trump BHP Billiton's $38.6 billion hostile offer, the Globe and Mail said Thursday...
16 Sep 2010
British events and publishing group United Business Media has agreed to buy U.S. tradeshows company Canon Communications for $287 million to boost its presence in the medical sector and emerging markets...
16 Sep 2010
India's state-run lender Rural Electrification Corp is likely to raise $300-$500 million via bonds by November, its head of finance H.D. Khunteta said on Thursday...
16 Sep 2010
Hong Kong's dominant air carrier Cathay Pacific Airways has agreed to buy 30 Airbus aircraft for about $7.82 billion, it said on Thursday, amid a revival in international traffic...
15 Sep 2010
Alibaba Group, China's largest e-commerce firm, said on Thursday it had made an offer to partially buy back Yahoo's stake in the company, but the offer was rejected...
15 Sep 2010
LG Electronics, the world's No.3 home appliances maker, said on Thursday it would start a water treatment business and actively consider acquisitions to generate $6 billion in sales from the new business by 2020...
15 Sep 2010
The world's largest solar power plant cleared an important hurdle on Wednesday, laying the groundwork for a dramatic expansion in solar energy generation in the United States and around the world...
15 Sep 2010
U.S. energy group Chevron Corp paved the way for a gas-supply deal with China National Petroleum Corp (CNPC) on Thursday, reaching an agreement with the Chinese firm to jointly explore opportunities in Australia...
15 Sep 2010
KT, South Korea's No.1 fixed-line carrier, said on Thursday that it would build a solar power plant and expected an annual profit of 200 million won ($172,600) from renewable energy sales...
15 Sep 2010
Australian rail and ports operator Asciano Ltd plans to sell $750 million in five- and 10-year bonds, according to IFR, a Thomson Reuters service...
15 Sep 2010
The European Union said on Wednesday it had won a victory against U.S. subsidies for Boeing that it hoped would set the stage for a negotiated settlement that would allow European governments to...
15 Sep 2010
U.S. investors are clueless about the different standards for brokers and investment advisers, but they do know they want securities regulators to...
15 Sep 2010
Brazil's Gerdau, agreed to buy California-based steelmaker Tamco for $165 million in cash, to position itself for an expected revival of the construction industry on the U.S. West Coast...
15 Sep 2010
The number of bankruptcy claims that traded sank to a year low in August as more big companies emerged from Chapter 11 and transfers of claims against Lehman Brothers Holding Inc cooled...
15 Sep 2010
Mining-related mergers and acquisitions, in terms of number and value, should top record highs set in 2007 after a first-half frenzy of global activity driven by gold deals...
15 Sep 2010
Scores of attorneys will jam a federal courtroom on Thursday to argue for almost immediate access to emails and other documents from BP Plc and its business partners as the legal fight over the...
15 Sep 2010
Vodafone said it has filed an appeal with the Supreme Court after Bombay High Court dismissed its petition, ruling that Indian tax authorities had jurisdiction over tax bills in cross-border mergers...
15 Sep 2010
Shareholders of industrial gas supplier Airgas Inc voted for a slate of board nominees and three bylaw proposals supported by Air Products and Chemicals', though Airgas said...
15 Sep 2010
Canada's Agrium Inc plans to take over AWB in a $1-billion recommended cash deal announced late last month that trumped a proposed merger with GrainCorp Ltd...
15 Sep 2010
The European Union's executive unveiled proposals on Wednesday to curb or temporarily ban short-selling and tighten controls on derivatives in one of...
15 Sep 2010
Brazilian oil and gas start-up OGX SA will start taking bid proposals for its potential $7 billion assets sale in October, and may finalise the winner by year-end...
15 Sep 2010
Australia's competition regulator has again delayed its decision on a proposed $116 billion iron ore joint venture by global miners BHP Billiton and Rio Tinto's...
15 Sep 2010
The European Union hopes to reach a trade deal with Mercosur countries by mid-2011 as negotiators iron out details on tough issues such as government procurement and intellectual property...
15 Sep 2010
Britain and Denmark urged the European Union to grant trade concessions to Pakistan to help it overcome devastating floods...
15 Sep 2010
China will pay close attention to the $39 billion bid that top global miner BHP Billiton is making for the world's biggest fertilizer maker, Potash Corp, the Ministry of Commerce said...
15 Sep 2010
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0530 GMT...
15 Sep 2010
France's AXA SA needs to sweeten terms to resurrect a deal to sell the Australian and New Zealand divisions of wealth manager AXA Pacific after an agreed $12 billion deal with National Australia Bank (NAB) collapsed...
15 Sep 2010
Taiwan's China Development Industrial Bank (CDIB) has sued Morgan Stanley in a U.S. court to recover millions of dollars in losses it suffered from its investment in a residential mortgage product...
14 Sep 2010
Terra Firma Capital Partners Ltd can proceed to trial against Citigroup Inc in their dispute over Terra's 2007 acquisition of music group EMI, a federal judge ruled...
14 Sep 2010
American International Group Inc's talks with the U.S. Treasury Department over the repayment of taxpayer funds have advanced past initial discussions...
14 Sep 2010
MF Global Holdings Ltd must face a class-action lawsuit accusing the brokerage of misleading investors about its risk management before a 2008 trading scandal, a federal appeals court said...
14 Sep 2010
Zurich-based property and casualty insurer ACE Ltd will buy the remaining 80 percent stake in U.S. crop insurer Rain and Hail Insurance Service for $1.1 billion...
14 Sep 2010
Russia is actively seeking foreign investors to take part in its $29 billion asset sale programme as it strives to improve corporate governance and management skills...
14 Sep 2010
Canada's financial services regulator has ended a two-year moratorium on large capital outlays by banks, which frees up Canada's well-capitalized banks to raise dividends, buy back shares, and...
14 Sep 2010
Privately owned Danish toymaker Lego has lost a court battle to have its snap-together plastic bricks registered as an exclusive trademark in the European Union...
14 Sep 2010
Paul Walsh, chief executive of the world's biggest spirits group, Diageo Plc, saw his annual salary jump 72 percent to over 6 million pounds last year despite sluggish sales and profits growth...
14 Sep 2010
British tour operator Thomas Cook gained European Union regulatory approval to purchase smaller German rival Oger Tours for about 30 million euros ($38.6 million)...
14 Sep 2010
Corporate boards are beginning to take ownership of risk management, according to a report released today by The Conference Board...
14 Sep 2010
In-house lawyers are not covered by client confidentiality when advising their employers on EU cartel investigations, Europe's highest court said, a ruling that may boost the power of EU regulators...
14 Sep 2010
State-owned conglomerate Dubai World's debt restructuring deal will hasten a similar deal for creditors of property developer Nakheel, analysts said, and acts as a precedent for other state-linked restructurings...
14 Sep 2010
BP and its partners in the blown-out Gulf well said that thousands of fishermen, seafood processors, restaurants, hotel owners and others may not yet have the right to sue over the spill, according to court papers...
14 Sep 2010
International Dairy Queen Inc, owned by Warren Buffett's Berkshire Hathaway Inc, has lost a bid to stop a Southern California rival from selling a frozen yogurt with a name similar to its top-selling Blizzard...
14 Sep 2010
Green Mountain Coffee Roasters Inc will buy its last remaining licensee Van Houtte Group Inc for about $890 million in cash from private-equity firm Littlejohn & Co...
14 Sep 2010
National Australia Bank (NAB) withdrew its $12 billion bid for wealth manager AXA Asia Pacific after a second rejection by regulators, opening a door to a bid by rival fund AMP...
14 Sep 2010
China Integrated Energy, Inc., a leading non-state-owned integrated energy company in China, today announced a shareholder update on improvement of corporate governance...
13 Sep 2010
BP Plc and its partners in the blown-out Gulf well said that thousands of fishermen, seafood processors, restaurants, hotel owners and others may not yet have the right to sue over the spill, according to court papers...
13 Sep 2010
The chief executive of Irish drugmaker Elan told a newspaper that he would not block a fresh probe over alleged conflicts of interest at the company...
13 Sep 2010
Chinese online video-sharing website Tudou, which aims to list on the Nasdaq, predicts China's online video market, measured by advertising revenue, will double or even triple next year, its chief executive told Reuters...
13 Sep 2010
Japan's Dai-ichi Life Insurance Co will raise 300 billion yen ($3.6 billion) in perpetual subordinated loans as early as next month to prepare for new solvency standards, the Nikkei business daily said...
13 Sep 2010
New capital rules set by global regulators are expected to give weak lenders time to raise funds and free up strong banks to lift dividends or hit the acquisition trail...
13 Sep 2010
German insurer Allianz is exiting hedge fund management with the sale of 1.5 billion euros ($1.9 billion) of assets to start-up Nexar Capital, as the industry consolidates after its worst crisis on record...
13 Sep 2010
Creditors of Tribune Co want to sue Sam Zell for his $8 billion leveraged buyout of the company, which they blame for newspaper publisher's bankruptcy...
13 Sep 2010
Robert Moffat, a former IBM Corp senior executive whose extra-marital affair with a trader ensnared him in the Galleon hedge fund insider trading probe, was sentenced to six months imprisonment and...
13 Sep 2010
Hearing aid maker Otix Global Inc said it agreed to be bought by Danish rival William Demant for about $50 million in cash...
13 Sep 2010
Brazilian mining company MMX, owned by billionaire Eike Batista, will issue up to $2.2 billion in shares to finance the purchase of new mines and the buyout of logistics company LLX Sudeste...
13 Sep 2010
Property and casualty insurance provider Liberty Mutual Agency Corp filed with U.S. regulators to raise $1.22 billion in an initial public offering of its shares...
13 Sep 2010
There will probably be more acquisitions among U.S. online brokers, TD Ameritrade Holding Corp said, though consolidation in the industry is drawing to an end...
13 Sep 2010
More companies using retainers versus meeting fees for service...
13 Sep 2010
European banks poised to sell new hybrid bonds in the coming weeks to refinance billions of euros of debt might have to hold off due to uncertainty over their status under the...
13 Sep 2010
An Israeli court ordered Pelephone, the mobile phone unit of Bezeq Israel Telecom, to pay the government 150 million shekels ($40 million) in royalties, the Finance Ministry said...
13 Sep 2010
U.S. biotechnology company Genzyme Corp said it agreed to sell its genetic testing business to Laboratory Corp of America Holdings for $925 million in cash...
13 Sep 2010
World Fuel Services Corp, which provides services to aircraft, ships and tanker truck loading terminals, said it had filed with the U.S. regulator to offer up to 7.57 million shares...
13 Sep 2010
Deutsche Telekom Chief Executive Rene Obermann rejected allegations of bribery at some of the company's eastern European businesses after a magazine reported prosecutors had searched his home as part of a probe...
13 Sep 2010
Hewlett-Packard Co, the world's top personal computer maker, said it agreed buy cybersecurity firm ArcSight Inc for $1.5 billion in cash...
13 Sep 2010
The CEO of UK asset manager City of London Investment Group has attacked plans for deferred bonuses in the financial sector as he prepares to take his company on to the main market of...
13 Sep 2010
American Assets Trust Inc filed with U.S. regulators to raise up to $500 million in an initial public offering of common stock...
13 Sep 2010
Swiss Re said low investment returns are eating into earnings as reinsurers struggle to charge insurance company clients more for risk cover amid overcapacity in the industry...
13 Sep 2010
Aaron's, Inc., the nation's leader in the sales and lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories...
13 Sep 2010
Singapore's Sembcorp Industries said that one of its India units has signed financing agreements with lenders for a S$2 billion ($1.5 billion) power plant project in Andhra Pradesh...
13 Sep 2010
Is private equity getting lazy? Some recent European deals may suggest buyout firms are too ready to spend money buying tried and tested companies from rivals...
13 Sep 2010
U.S.-based distressed debt fund Aurelius Capital Management is the only creditor to have not signed on to Dubai World's $24.9 billion restructuring deal...
13 Sep 2010
Kraft Foods Inc, North America's largest food company, is looking to double the number of Chinese cities in which it distributes Cadbury products within the next two years, its China head said...
13 Sep 2010
Telecommunications company Paetec Holding Corp has agreed to acquire privately held rival Cavalier Telephone LLC for $460 million in cash, the Wall Street Journal reported...
13 Sep 2010
Central bank governors and regulators finalized a package on Sunday that will force banks to more than triple to 7 percent the amount of top quality capital they must...
12 Sep 2010
Global regulators, aiming to prevent any repeat of the international credit crisis, agreed to force banks to more than triple the amount of top-quality capital they must hold in reserve...
12 Sep 2010
Car rental company Hertz Global Holdings Inc struck a sweetened $1.56 billion deal to buy Dollar Thrifty Automotive Group Inc, outdoing a rival bid from Avis Budget Group Inc...
12 Sep 2010
Primus Financial Holdings, one of the bidders for American International Group's Taiwan unit, will appeal the regulator's decision to block the deal, a newspaper reported...
12 Sep 2010
Car rental company Hertz Global Holdings Inc struck a sweetened $1.56 billion deal to buy Dollar Thrifty Automotive Group Inc, outdoing a rival bid from Avis Budget Group Inc...
12 Sep 2010
China's banking regulator plans to introduce a new set of supervisory rules next year to make sure that lenders have adequate capital, provisions and liquidity to cope with potential risks...
12 Sep 2010
The state of Pennsylvania has stepped in to help its capital city, which in recent days came perilously close to defaulting on its debt, said Pennsylvania Governor Edward Rendell...
12 Sep 2010
Deutsche Bank plans to raise at least 9.8 billion euros ($12.4 billion) to buy the rest of Deutsche Postbank, reducing its reliance on investment banking as tough new bank capital rules loom...
12 Sep 2010
A group of Chinese investors are in the early stages of considering a takeover offer for British insurer Prudential Plc, the Sunday Times reported without citing sources...
12 Sep 2010
UBS and Credit Suisse must hold over 20 billion Swiss francs ($19.6 billion) more in capital as a consequence of new international standards, the newspaper NZZ am Sonntag reported...
10 Sep 2010
Deutsche Bank is set to lead rivals raising billions of euros as new global capital rules to be unveiled this weekend bite, and showed it may be good to get the jump on the pack...
10 Sep 2010
BP Plc will be evicted from the FTSE4Good ethical investment index following its Gulf of Mexico oil spill, index compiler FTSE said on Friday, as BP said it would delay...
10 Sep 2010
Shares of BYD Co Ltd, a Chinese auto and battery maker backed by billionaire investor Warren Buffett, have lost more than a quarter of their value this year as…
10 Sep 2010
BCE Inc, Canada's biggest telecom, has agreed to pay C$1.3 billion for the 85 percent of broadcaster CTV it does not already own, aiming to capitalize on the growth of video over internet, wireless and other media...
10 Sep 2010
A judge on Thursday reinstated eBay Inc's 28.4 percent stake in Craigslist, but allowed the classifieds site to keep eBay off its board...
10 Sep 2010
State-owned conglomerate Dubai World reached a formal deal to restructure around $24.9 billion of liabilities, partly easing recently heightened concerns over the Gulf emirate's debt woes...
9 Sep 2010
Samsung Heavy Industries Co Ltd said it had won a combined $630 million worth of orders to build five oil tankers from Norway and a facility for offshore production of oil from the United States...
9 Sep 2010
The Incubator Bank of Japan, a small, unlisted lender that specialises in small business loans, was expected to file for bankruptcy protection, Japan's financial regulator said...
9 Sep 2010
Australia's competition regulator blocked an alliance between Virgin Blue and Air New Zealand on flights between Australia and New Zealand, dealing a blow to Virgin Blue and sending its shares sharply lower...
9 Sep 2010
Beijing Automotive Industry Holdings Co (BAIC) aims to list itself on the mainland stock market in two years, the Shanghai Securities News reported, citing a senior executive...
9 Sep 2010
China's Alibaba Group said it may re-evaluate its relationship with its largest stakeholder, Yahoo Inc, after a Yahoo Hong Kong executive was quoted as saying the firm may compete in the mainland online advertising market...
9 Sep 2010
The Financial Services Authority (FSA) fined Goldman Sachs Group Inc 17.5 million pounds for failing to tell the regulator that it was the subject of a U.S. probe, reviving disclosure headaches for the Wall Street powerhouse...
9 Sep 2010
Deutsche Bank AG is considering a stock sale to raise up to 9 billion euros (£14.5 billion), Bloomberg reported citing three sources...
9 Sep 2010
The findings of BP's internal probe into the events leading up to the Gulf of Mexico oil spill are likely to reduce its liabilities but may work against the company in the long term...
9 Sep 2010
Barnes & Noble Inc, the object of a proxy battle by billionaire investor Ronald Burkle, sent shareholders a letter urging them to vote for its board nominees...
9 Sep 2010
Crisil Ltd said its board has approved investing up to an average 800 million rupees to buy back shares at a maximum price of 6,500 rupees each...
9 Sep 2010
3M Co said it will buy Arizant Inc, a maker of products to maintain body temperature in patients undergoing surgery, for $810 million in cash...
9 Sep 2010
British Members of Parliament (MPs) will next week grill outgoing BP Plc Chief Executive Tony Hayward, as part of an investigation into risks...
9 Sep 2010
Lloyds Banking Group has agreed to sell its stake in housebuilder Crest Nicholson to U.S. investment company Varde, continuing to shed non-core assets and refocus on its core lending activities...
9 Sep 2010
Australia's competition regulator blocked National Australia Bank's $12 billion bid for AXA Asia Pacific for a second time, dashing NAB's efforts to cement its dominance in the world's...
8 Sep 2010
Hong Kong-based private equity firm First Eastern Investment Group will take a stake in All Nippon Airways' planned low cost carrier (LCC), the Nikkei business daily said...
8 Sep 2010
Brazilian firm Potassio do Brasil says it has discovered more than 1 billion tonnes of potash in the Amazon region that could meet a quarter of the agricultural giant's needs per year...
8 Sep 2010
French insurer AXA SA said it was reviewing its options on how to expand in Asia after Australia's competition regulator blocked National Australia Bank from taking over its Australian arm and...
8 Sep 2010
A BP Plc investigation of the Gulf of Mexico disaster played down its own role in the world's worst offshore oil spill and pointed the finger at what it said were failures by contractors...
8 Sep 2010
Oracle Corp offered its new co-president, Mark Hurd, former head of Hewlett-Packard Co, a salary of $950,000 and a bonus of up to $10 million for fiscal 2011, plus stock options...
8 Sep 2010
California regulators are seeking fines of up to $9.9 billion from a unit of health insurer UnitedHealth Group Inc, citing mismanaged medical claims, failure to pay doctors and other lapses...
8 Sep 2010
Elan Corp Plc investor Ib Sonderby has proposed four candidates for the Irish drugmaker's board, including Athena Neurosciences co-founder Larry Fritz...
8 Sep 2010
Sanofi-Aventis SA pitched a new offer to acquire U.S. biotechnology company Genzyme Corp for $71 a share in exchange for the opportunity to conduct "partial due diligence"...
8 Sep 2010
Oil giant BP is open to talks about selling assets to Russian companies as part of its $30 billion fund raising programme to help pay for the Gulf of Mexico oil spill, the group's Russia chief said...
8 Sep 2010
Canadian gold producer Anatolia Minerals Development Ltd agreed to buy Australia's Avoca Resources for C$1.01 billion ($964.7 million) to create an intermediate global gold producer...
8 Sep 2010
For a bank that prides itself on smooth successions, HSBC is suddenly scrambling to pick its next chairman...
8 Sep 2010
Shanghai Pharmaceuticals Holding Co Ltd, the Chinese partner of Roche Holding AG, said it plans to raise at least 8 billion yuan ($1.2 billion) through a public share offering in...
8 Sep 2010
German gambling restrictions breach European Union law, Europe's highest court said, giving a rare victory to companies seeking to break domestic monopolies in a lucrative industry...
8 Sep 2010
Thailand's top energy firm, PTT Pcl, said it had put in a bid to buy the Thai operations of French retailer Carrefour SA, which analysts expect to fetch about $600 million...
8 Sep 2010
The Dodd-Frank Wall Street Reform and Consumer Protection Act gives the Securities and Exchange Commission many complex and time-sensitive responsibilities but...
8 Sep 2010
Dubai may have to step up asset sales and government borrowing as a heavy debt repayment schedule for state-linked companies over the next few years puts pressure on government finances...
8 Sep 2010
Libya's government denied it had any investments in foreign oil companies, in an apparent rebuff to the country's top energy official who had said buying shares in BP would be a good deal...
8 Sep 2010
Saudi state-owned Saline Water Conversion Corp (SWCC) has awarded a $2.44 billion power plant contract to a group led by China's Sepco III Electric Power Construction Corp...
8 Sep 2010
Emirates Telecommunication Corp, the Arab world's second-largest telecom operator by market value, does not expect a deal with India's Reliance Communications in 2010...
7 Sep 2010
Foster's Group Ltd, Australia's largest brewer, said it rejected a private equity offer worth up to $2.5 billion for its wine unit as too cheap and would continue with the split of its beer and wine businesses...
7 Sep 2010
Vodafone, the world's largest telecommunications operator by revenue, said it sold its 3.2 percent stake in China Mobile for $6.6 billion...
7 Sep 2010
Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril"...
7 Sep 2010
China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp, the world's largest fertilizer supplier...
7 Sep 2010
U.S. regulators are probing certain practices around "quote stuffing," where large numbers of rapid-fire stock orders are placed and canceled almost immediately SEC Chairman Mary Schapiro said...
7 Sep 2010
Pipeline operator Enterprise Products Partners LP said it will buy holding company Enterprise GP Holdings LP for $8.03 billion, the second such deal in a month, to simplify its corporate structure and...
7 Sep 2010
European Union finance ministers agreed to a sweeping overhaul of how the bloc's financial industry is policed, but remained locked in dispute over the taxation of banking and trading...
7 Sep 2010
American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion...
7 Sep 2010
The U.S. Securities and Exchange Commission (SEC) has seen a surge in tip-offs concerning alleged corporate fraud as the Financial Reforms Act offers millions of...
7 Sep 2010
The United Arab Emirates' central bank has frozen four Iranian bank accounts cited in a United Nations Security Council blacklist after uncovering their presence in the UAE banking system...
7 Sep 2010
The Office of Fair Trade will investigate the aggregates industry to assess whether the tax payer is getting a fair deal from suppliers of sand, gravel and broken rocks to road and house builders...
7 Sep 2010
Dutch electronics group Philips said it will sell its remaining equity stake in chipmaker NXP Semiconductors NV to its underfunded British pension fund...
7 Sep 2010
The U.S. Justice department is looking into Google Inc's takeover of airline ticketing software firm ITA Software Inc, to determine whether the deal would exert too much influence on the online travel industry...
6 Sep 2010
Addressing a central complaint of foreign businesses, Vice President Xi Jinping said that China will treat overseas suppliers fairly when they bid for public procurement contracts...
6 Sep 2010
China's Zijin Mining said it had terminated a plan to acquire Congolese copper miner Platmin Congo Limited after the agreement expires...
6 Sep 2010
China will intensify efforts to encourage industrial consolidation and to draw factories inland from crowded coastal regions, government directives said, warning officials to leave such decisions to companies...
6 Sep 2010
British Airways would be interested in discussing a merger with Qantas Airways, if Australia's top airline was a willing party, BA Chief Executive Willie Walsh said in a newspaper interview...
6 Sep 2010
New Zealand's biggest airport, Auckland International Airport Ltd., will meet with Australian bond and equity investors to update them on the firm's annual results, it said...
6 Sep 2010
Deutsche Bank's stake increase in France Telecom could point towards plans for a merger with Germany's Deutsche Telekom, in which it also holds a stake, a French union said...
6 Sep 2010
Algeria's government unveiled a series of measures which appear to confirm the energy exporter's shift towards greater economic nationalism...
6 Sep 2010
The U.S. Food and Drug Administration has warned beverage makers Dr Pepper Snapple Group Inc and Unilever for making improper statements regarding green tea on product labels and web sites...
6 Sep 2010
Google Inc will launch its service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room...
6 Sep 2010
Stillwater Mining Co said it would buy Canadian exploration company Marathon PGM in a cash-and-stock deal worth US$118 million (C$123 million) as it seeks to grow its platinum and palladium resources...
6 Sep 2010
Mobinil, Egypt's top mobile firm by subscribers, is considering issuing bonds with a value of 1 billion Egyptian pounds ($180 million)...
6 Sep 2010
British fund management firm City Financial said it has launched an Asian fund of hedge funds in a move designed to tap into the rapid development of the hedge fund industry in the region...
6 Sep 2010
Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund estimated to be the world's largest, named Ted Chu from U.S. automaker General Motors as its chief economist...
6 Sep 2010
Indian billionaire Mukesh Ambani's Reliance Industries, which has struck three shale gas joint ventures with U.S. firms this year, may make a full buyout next as the cash-rich firm builds the...
6 Sep 2010
AstraZeneca stepped up its drive into emerging markets by striking another licensing and supply deal with an Indian generic drugmaker, this time Aurobindo Pharma...
6 Sep 2010
France Telecom kept its financial goals, after an arbitration tribunal fined its Polish unit 396 million euros ($531.3 million), and said the unit was considering whether to appeal...
6 Sep 2010
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by...
5 Sep 2010
Australian rail and ports operator Asciano Ltd will meet with Asian and U.S. bond investors, a source in discussion with the company said...
5 Sep 2010
China plans to relax rules to allow smaller fund houses to launch overseas investment products, the Securities Times reported, citing an unnamed source...
5 Sep 2010
BP has revived the sale of its Alaskan assets after failing to offload them to U.S. oil and gas company Apache in July, the Financial Times reported...
5 Sep 2010
China will allow insurers to broaden investment channels into private equity and real estate, a move that could unleash as much as $100 billion worth of fresh funding into unlisted firms and the property sector...
5 Sep 2010
Santander could hire up to 6,000 new staff over the next year or two as part its expansion in Britain, the Financial Times said...
5 Sep 2010
French drugmaker Sanofi-Aventis would be prepared to moderately raise its $69 per share offer for Genzyme if the U.S. biotech agreed to negotiate, Dow Jones reported, citing a person familiar with the matter...
5 Sep 2010
Israeli conglomerate Delek Group said it was in talks to sell 22 percent of Delek Automotive Systems for 1 billion shekels ($264.6 million) to Gil Agmon...
4 Sep 2010
Sea Trucks Group, a Nigerian undersea engineering company, said it plans to raise up to $200 million in convertible bonds this month in London...
3 Sep 2010
Swedish bank Carnegie said it would buy HQ Bank, closed by authorities last weekend for breaking risk rules, for 268 million crowns ($37 million) in a deal approved by the regulator...
3 Sep 2010
Bruker Energy & Supercon Technologies Inc, a unit of Bruker Corp, filed with U.S. regulators to raise up to $100 million in an initial public offering of...
3 Sep 2010
Brazilian state oil company Petrobras filed to sell up to $64.5 billion of new stock -- the largest in capital markets history -- to raise funds for the world's biggest oil exploration investment plan...
3 Sep 2010
Banks have acknowledged they need to be more open about the size of their bonus pools and the methodology for paying star bankers after making progress in other areas of reforming pay structures...
3 Sep 2010
U.S. biotech company Genzyme rejected an all-cash $18.5 billion offer from French drugmaker Sanofi-Aventis this week, setting the stage for a potentially hostile takeover battle...
3 Sep 2010
A new conundrum faces financial markets -- why, if the global economy is heading back into trouble, are companies on an M&A binge and big investors snapping up so much corporate debt...
3 Sep 2010
Canada's Goldcorp Inc agreed to buy gold miner Andean Resources Ltd for C$3.6 billion ($3.4 billion), trumping a competing offer from rival Eldorado Gold Corp...
3 Sep 2010
The U.S. Treasury is concerned about how many foreign investors it should allow to buy big stakes in General Motors Co's proposed initial public offering, the Wall Street Journal said..
2 Sep 2010
Australian iron ore miner Fortescue Metals and its CEO have been sued by the company's third-largest shareholder to stop it from raising funds, citing a breach of a 2006 funding deal...
2 Sep 2010
Australia's dominant phone provider Telstra Corp said its Chinese subsidiary SouFun Holdings Ltd had filed for an initial public offering with the U.S. Securities and Exchange Commission...
2 Sep 2010
Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 billion hostile offer...
2 Sep 2010
Burger King Holdings Inc agreed to sell itself to investment firm 3G Capital for $3.26 billion, giving the No. 2 U.S. fast-food chain breathing room to fix its business and...
2 Sep 2010
An experimental Novartis drug can clear malaria infection in mice with a single dose and scientists say it shows promise as a possible future treatment for one of the world's major killer diseases...
2 Sep 2010
U.S. securities regulator is looking into a Wall Street trading practice in which unusually large numbers of orders to buy or sell stocks are placed in a fraction of a second...
2 Sep 2010
The Federal Deposit Insurance Corp is not entitled to $900 million it demanded from the parent company of the failed Colonial Bank...
2 Sep 2010
Financial advisers to states, cities, school districts and other issuers in the U.S. municipal bond market must register with the Securities and Exchange Commission...
2 Sep 2010
Hewlett-Packard Co raised its bid for data storage company 3PAR Inc to $2.4 billion, beating Dell Inc's latest offer in a bidding war that many analysts have said has gone too far...
2 Sep 2010
American International Group Inc has filed an application with the Hong Kong Stock Exchange seeking approval to list its Asian life insurance business...
2 Sep 2010
A shareholder of Cogent Inc has sued the company's board, saying it agreed to sell the maker of identification systems too cheaply to U.S. manufacturer 3M Co...
2 Sep 2010
Burger King Holdings Inc , the No. 2 U.S. fast-food chain, agreed to be bought by investment firm 3G Capital for $24 per share, or about $3.26 billion...
2 Sep 2010
Car rental company Avis Budget Group Inc raised the cash portion of its offer for Dollar Thrifty Automotive Group by $1.50 per share, making its total bid 22 percent higher than rival Hertz Global Holdings' deal...
2 Sep 2010
Indonesian coal miner PT Harum Energy, owned by Tanito Coal Group, aims to raise as much as 4.1 trillion rupiah ($455 million) in its initial public offering, based on the share price range set...
2 Sep 2010
Baidu Inc, operator of China's dominant search engine, said that it will focus its future mobile Internet investments on its core search business as it takes aim at the next big Internet space...
2 Sep 2010
Essar Group and other Indian, Southeast Asian and Australian firms have expressed interest in Australian miner Kangaroo Resources' GPK coal project in Indonesia, a Kangaroo executive said...
2 Sep 2010
Indian energy major Reliance Industries, controlled by billionaire Mukesh Ambani, has bought an additional 0.68 percent in EIH Ltd, raising its holding to 14.8 percent in the hotel chain...
2 Sep 2010
The United States likely will strike a ground-breaking deal by the middle of next year to sell the United Arab Emirates a multibillion-dollar Lockheed Martin Corp missile defense system...
2 Sep 2010
Algeria has dropped Orascom Telecom's adverts from all of the country's terrestrial television stations, a source with direct knowledge of the situation said, the latest move in a long-running dispute...
2 Sep 2010
European companies are not quitting China for other countries despite complaints about the growing difficulty of doing business, the European Union Chamber of Commerce in China said...
1 Sep 2010
China's Sinochem has hired HSBC bank to advise it on its options regarding Potash Corp, the target of a $38.6 billion hostile bid from BHP Billiton...
1 Sep 2010
Brazil's government will charge state oil company Petrobras $8.51 per barrel for crude reserves to be used in a $43 billion oil-for-shares swap, a price seen as high that could limit interest in...
1 Sep 2010
Australian energy firm Santos Ltd plans to raise as much as A$2 billion ($1.8 billion) in a rights issue to fund its Curtis Island liquefied natural gas project, The Australian newspaper said...
1 Sep 2010
China may launch an antimonopoly probe into BHP Billiton's $39 billion bid for Canada's Potash Corp, the China Business News said, citing a source familiar with the matter...
1 Sep 2010
Eli Lilly & Co won a patent battle protecting its osteoporosis drug Evista, as an appeals court declined to toss out a permanent injunction preventing production of a generic copy of the medicine...
1 Sep 2010
Medical professional liability insurer ProAssurance Corp said it would buy smaller rival American Physicians Service Group for $233 million in cash to expand in...
1 Sep 2010
Allergan Inc has agreed to plead guilty and pay $600 million to resolve a federal probe of its marketing practices for the injectable wrinkle smoother Botox, the company and...
1 Sep 2010
A federal judge approved the creation of a $150 million fund for Bank of America Corp shareholders as part of a settlement with the Securities and Exchange Commission over the bank's 2009 acquisition of Merrill Lynch...
1 Sep 2010
Canada's Alimentation Couche-Tard Inc has raised its bid for Casey's General Stores for a second time, now offering $2 billion for the U.S. convenience store chain...
1 Sep 2010
Abu Dhabi National Energy Co's (TAQA) former chief executive has sued the company in a U.S. court, alleging he was forced out last year for trying to stop...
1 Sep 2010
China's Brightoil is wrestling with top players BP and Shell for leadership of the world's largest fuel oil market, in a tough trading climate that makes it difficult for any...
1 Sep 2010
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0600 GMT...
1 Sep 2010
A subsidiary of France's Vinci, the world's largest construction group, is eyeing more complex projects in Abu Dhabi as it starts operations in a fiercely competitive market...
1 Sep 2010
Israeli energy, automotive and real estate conglomerate Delek Group reported a drop in quarterly net profit, weighed down by higher financial expenses due to yen strength versus the shekel...