NEWS
October 2011
31 Oct 2011
Isola Group Ltd, a maker of laminate materials, filed with U.S. securities regulators on Monday to raise up to $100 million in an initial public offering…
31 Oct 2011
The failure of MF Global leaves egg on many faces. Paul Volcker and Barack Obama are among those to escape the mess…
31 Oct 2011
Tribune Co, the owner of the Los Angeles Times and Chicago Tribune newspapers, suffered a legal defeat on Monday after a judge late Monday rejected…
31 Oct 2011
A lawsuit against Charles Schwab Corp over auction-rate securities that was filed by former New York Attorney General Andrew Cuomo…
31 Oct 2011
Canada's Grande Cache Coal has agreed to be acquired by Winsway Coking Coal and Marubeni Corp in a C$1 billion deal fueled by demand…
31 Oct 2011
HRT agreed to sell a 45 percent stake in 21 Amazon oil blocks to Anglo-Russian TNK-BP for $1 billion, the Brazilian start-up company…
31 Oct 2011
The U.S. government suffered a setback in its investigation of subprime fraud when a judge dismissed a case against two former State Street Corp executives…
31 Oct 2011
MF Global Holdings Ltd filed for bankruptcy protection after a tentative deal with a buyer fell apart, marking a stunning failure for CEO Jon Corzine who tried to turn the more than 200-year-old futures brokerage into a mini-Goldman Sachs...
31 Oct 2011
Australia's top phone company, Telstra Corp , said it was continuing talks to address concerns raised by the competition watchdog on the company's A$11 billion deal to hand over its copper network to the federal government...
31 Oct 2011
Russian telecoms operator Rostelecom said on Monday its board had approved an up to $500 million share buyback...
31 Oct 2011
Jed Rakoff has been a hero for a while now, but the U.S. District Court questions for the Securities and Exchange Commission with respect to…
31 Oct 2011
GTL Resources, the owner of an ethanol and bio-refining company, has agreed to a 32 million pound cash offer from marine firm Siem Kapital…
31 Oct 2011
Southeastern Asset Management, the largest non-Japanese investor in Olympus, said the maker of medical optics and cameras should publish minutes…
31 Oct 2011
Indonesia's Bakrie Group is set to announce a deal led by Indonesian investors PT Renaissance Capital by Tuesday to avert a default on a $1.345 billion loan…
31 Oct 2011
The operator of Canada's largest stock market has thrown its support behind a C$3.8 billion ($3.8 billion) takeover offer from a group of banks…
31 Oct 2011
Beacon Power Corp filed for bankruptcy on Sunday, just a year after the energy storage company received a $43 million loan guarantee…
31 Oct 2011
In early April, Jon Corzine was in a tough spot. MF Global, the company he had run for the previous year, was about to post a fourth-quarter loss…
31 Oct 2011
Tanzania's Precision Air said on Monday it had extended the timeframe for its initial public offering until Nov. 4, to enable investors in east Africa's biggest economy, Kenya, to buy shares in the airline...
31 Oct 2011
REUTERS - MF Global Holdings Ltd was nearing a deal late Sunday night to file for Chapter 11 bankruptcy protection as soon as Monday and sell assets to Interactive Brokers Group, the Wall Street Journal said, citing a person familiar with the matter.
31 Oct 2011
The frontrunner in the sale of music group EMI's assets, Len Blavatnik's Warner Music Group, has walked away from their auction...
30 Oct 2011
American oil and gas company Apache Corp plans to increase investments in its Egypt operations by $1.5 billion starting in 2012...
28 Oct 2011
Anglo-Russian oil firm TNK-BP is close to agreeing on a $1 billion deal to buy a 45 percent stake in Amazon oil exploration blocks from Brazil's…
28 Oct 2011
State regulators are inching closer to having some influence over securities offered through "crowdfunding," a strategy they say has the potential…
28 Oct 2011
Goldman Sachs Group Inc has been hit with a new $1.07 billion lawsuit for having allegedly sold risky debt that it expected would tumble in value…
28 Oct 2011
Companies that rely on the "Big Three" credit rating agencies will be forced to seek credit opinions from smaller rivals under European Union plans to increase competition...
28 Oct 2011
An agreement by a private equity firm to buy Mosaid Technologies for C$590 million includes core wireless patents controlled by the Ottawa-based…
28 Oct 2011
Corporate counselors beware! You could get in just as much hot water as your bosses…
28 Oct 2011
A plan by Fiat Spa to convert preference and savings shares into ordinary shares will reduce the cost of equity and remove a potential hurdle…
28 Oct 2011
Struggling Saab is set to follow in fellow Swedish car maker Volvo's footsteps, heading for Chinese ownership under a planned 100 million euro…
28 Oct 2011
An Australian fund has filed a new lawsuit in the New York State Supreme Court seeking more than $1 billion in damages from Goldman Sachs…
28 Oct 2011
Exxon Mobil Corp has awarded two engineering contracts to build floating storage and offloading facilities at the Banyu Urip oilfield, and said this will lead to full production of 165,000 barrels per day (bpd) at its Cepu block in three years...
28 Oct 2011
Manufacturers of car parts to computer hard drives are worst hit in Thailand and face a bleak key holiday selling season due to massive floods, which have shut down production...
28 Oct 2011
China's top banking and insurance regulators have reached retirement age, and a shakeup is expected as early as this week, three independent sources said, a step that would be the first major move in a sweeping reshuffle of the Communist Party leadership that will culminate next year...
27 Oct 2011
Olympus Corp <7733.T> said it is unaware of any probe by the Federal Bureau of Investigations into payments it made to a financial adviser related to the 2008 purchase of British medical equipment maker Gyrus...
27 Oct 2011
A federal judge dismissed part of a U.S. securities regulator's lawsuit against the only individual charged in a JPMorgan Chase & Co case that led to the bank's…
27 Oct 2011
New York federal judge Jed Rakoff expressed deep skepticism about a proposed $285 million civil settlement between the Securities and Exchange Commission…
27 Oct 2011
Innkeepers USA Trust emerged on Thursday from a contentious, 15-month bankruptcy after closing a $1.02 billion deal to sell 64 of its hotels…
27 Oct 2011
Hewlett-Packard Co ditched a plan to spin off its personal computers unit, a month after the ouster of CEO Leo Apotheker whose idea would have cost…
27 Oct 2011
Deutsche Boerse and NYSE Euronext, the U.S. exchange operator it is buying for $9 billion, announced share buybacks…
27 Oct 2011
U.S. regulators are formally investigating whether Avon broke bribery laws overseas, and the cosmetics company said it was again reassessing its strategy after quarterly profit fell far short of expectations...
27 Oct 2011
Auto parts supplier BorgWarner Inc has sued Cummins Inc, accusing the engine maker of violating three patents related to compressor wheels…
27 Oct 2011
Private equity firm Madison Dearborn Partners has decided against selling TransUnion and will pursue a public offering for the credit reporting firm…
27 Oct 2011
The Securities and Exchange Commission took enforcement action on Thursday against a self-policing brokerage industry group for allegedly altering…
27 Oct 2011
The board of Brigham Exploration Co catered to the company's founder at the expense of shareholders in agreeing to sell the company to Norwegian…
27 Oct 2011
The Securities and Exchange Commission subpoenaed Avon Products Inc over its contact with analysts, and the company is under a formal investigation…
27 Oct 2011
Lehman Brothers Holdings Inc said its reorganization plan now has the backing of creditors who hold more than $160 billion of claims…
27 Oct 2011
Coca-Cola Co agreed to buy Great Plains Coca-Cola Bottling Co, an independent U.S. bottler, for $360 million, the companies said on Thursday…
27 Oct 2011
British buy-to-let mortgage specialist Paragon (PARA.L) has agreed to buy a portfolio of unsecured consumer loans from part-nationalized British bank…
27 Oct 2011
Canada's Hathor Exploration said on Thursday that it had received Rio Tinto's formal takeover offer, as the global mining giant looks to…
27 Oct 2011
Car rental firm Hertz Global Holdings Inc withdrew its tender offer for shares in Dollar Thrifty Automotive Group, but said it was still interested in…
27 Oct 2011
Hedge funds, with memories of the havoc wreaked by Lehman's demise still fresh in their minds, are moving away from banks singled out by markets as higher risk…
27 Oct 2011
Japan's Olympus Corp on Thursday stuck to its defense of the deals that have come under fire since it axed its British CEO in a bitter boardroom battle…
27 Oct 2011
Sony Corp is to take over its mobile phone joint venture with Ericsson for 1.05 billion euros, as it seeks to exploit its music and video…
27 Oct 2011
Despite all the rumored interest in Yahoo Inc, progress on a deal has hit a brick wall mainly due to the company's lack of strategy and restrictive confidentiality…
27 Oct 2011
Europe's banks were told to cut dividends and bonuses to help them find 106 billion euros (92 billion pounds) to shore up their capital, and agreed to halve the value of their Greek government debt, sending their shares sharply higher...
27 Oct 2011
Dubai, whose 2009 property collapse led to a debt crisis, has launched a real estate investment fund worth up to $1 billion with Canada's Brookfield Asset Management in a bid to revive the battered sector and restore investor confidence...
26 Oct 2011
The Volcker rule has created a new battlefield over Wall Street pay that banks fear will send their star traders and hedge fund advisers fleeing…
26 Oct 2011
Massachusetts' top securities regulator charged Bank of New York Mellon with fraud for having allegedly overcharged the state's pension fund…
26 Oct 2011
Google Inc paid $151 million in cash to acquire popular restaurant review guide Zagat in September, the Internet company said in a regulatory filing…
26 Oct 2011
The arrest of Rajat Gupta has put Corporate America on notice. U.S. prosecutors have nailed dozens of insider traders, including Galleon Group founder…
26 Oct 2011
DLA Piper has submitted to partners a proposal to bring aboard former Linklaters managing partner Tony Angel to serve as co-global chairman…
26 Oct 2011
New British banking venture NBNK has submitted a bid proposal for nationalized British bank Northern Rock, two sources with knowledge…
26 Oct 2011
U.S. securities regulators were prepared on Wednesday to approve a rule that will require advisers to hedge funds and other private pools of capital…
26 Oct 2011
Holders of British bank bonds are worried. The cost of insuring against once-unthinkable default has soared. Investors are pricing in two related risks...
26 Oct 2011
Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm's...
26 Oct 2011
BG Group will export liquefied natural gas from the United States under a landmark $8 billion deal with Cheniere Energy that will allow domestic…
26 Oct 2011
The Irish electorate is likely to reject any attempt to extend the European Union's powers to deal with the region's financial crisis, a poll in The Irish Times newspaper showed on Wednesday...
26 Oct 2011
The judges on Delaware's prominent business court are violating the First Amendment of the U.S. Constitution by holding "secret" hearings, according to a nonprofit group that sued to unseal the proceedings...
26 Oct 2011
Japan's main securities watchdog is looking into past Olympus M&A deals, focusing on whether the company made appropriate financial disclosures about them, two sources familiar with the matter said...
26 Oct 2011
Aluminum maker Alcoa Inc filed a request with a court on Tuesday to seek to have a lawsuit related to its shipments to Aluminum Bahrain (Alba) dismissed...
26 Oct 2011
Lehman Brothers Holdings Inc said its Chapter 11 reorganization plan is now supported by creditors who hold more than $160 billion in claims...
25 Oct 2011
The Securities and Exchange Commission plans to consider whether investment advisers should undergo a vetting process before they can register…
25 Oct 2011
U.S. regulators are considering easing a proposed rule so that fewer hedge fund advisers would have to hand over troves of confidential data to the government…
25 Oct 2011
Victor P. Dahdaleh, who was charged with bribery by British authorities on Monday, has no shortage of powerful connections. The international businessman…
25 Oct 2011
A former Goldman Sachs director, who also was once the global head of elite consultancy McKinsey & Co, will surrender to the FBI…
25 Oct 2011
In the largest penalty of its type, Swiss bank UBS AG was fined $12 million by the Financial Industry Regulatory Authority over its "systemic" failure…
25 Oct 2011
Point Blank, the bankrupt body armor company, has agreed to pay $1 million to settle a civil suit lodged last year by the Department of Justice…
25 Oct 2011
Credit Suisse has been fined 5.95 million pounds by the Financial Services Authority for system failures in its private bank, the second time it has fallen foul…
25 Oct 2011
The euro zone should combine two proposals for increasing the firepower of its rescue fund -- an insurance model and a special purpose investment vehicle (SPIV) -- according to an EU paper for the mid-week summit obtained by Reuters on Monday...
25 Oct 2011
Foster's Group Ltd, Australia's largest brewer, said it expects beer sales to pick up again when the economy improves, fuelling small shareholder anger…
25 Oct 2011
Hyundai Oilbank, South Korea's smallest crude oil refiner, has chosen Citigroup and BofA Merrill Lynch to underwrite an up to $2 billion…
25 Oct 2011
ArcelorMittal, the world's largest steelmaker, has unexpectedly pulled out of its joint $5 billion bid with Peabody Energy for Australian miner…
25 Oct 2011
Brazil's EBX group, controlled by billionaire industrial magnate Eike Batista, is planning to build a $3 billion fertilizer plant in Brazil together with Egypt's Orascom Construction Industries...
25 Oct 2011
SodaStream International Ltd is sizing up kitchen appliance distributors in India as it looks to enter Asia's No.3 economy -- an about-turn from six months ago when it shied away from emerging markets due to poor quality tap water...
25 Oct 2011
Any attempts by China to bar Big Four auditors from shipping summaries of Chinese audits out of that country for review in the United States or elsewhere would constitute "a long-arm interdiction"...
24 Oct 2011
The Swiss finance ministry submitted amendments on Monday to national capital rules for banks to bring them into line with the Basel III…
24 Oct 2011
Regulation issued by the U.S. Department of Labor on Monday will allow investment advisers to receive fees from third parties for investment advice…
24 Oct 2011
The Municipal Securities Rulemaking Board will share data with the Internal Revenue Service, further tightening the regulatory bolts…
24 Oct 2011
Pipeline Trading Systems LLC will pay a $1 million penalty after U.S. securities regulators said it failed to disclose to its "dark pool" trading platform…
24 Oct 2011
A federal judge narrowed a lawsuit brought by buyers of mortgage-backed securities from Washington Mutual Inc who alleged they were misled…
24 Oct 2011
Sprint Nextel lost a bid on Monday to get access to masses of AT&T documents that it had hoped to use in its lawsuit aimed at stopping AT&T's $39 billion…
24 Oct 2011
Mortgage servicer Ocwen Financial Corp posted strong quarterly profits and said it purchased SCI Services Inc from Saxon Capital Holdings, a unit of Morgan Stanley...
24 Oct 2011
A federal judge threw out federal securities law claims in Allstate Corp's fraud lawsuit against Bank of America Corp's Countrywide unit over $700 million…
24 Oct 2011
Pipeline company Plains All American Pipeline LP said it made an unsolicited $1 billion bid for rival SemGroup Corp but the $24-a-share offer…
24 Oct 2011
(Reuters) China's biggest dairy company China Mengniu Dairy Co Ltd is considering a bid for Pfizer's nutrition business, according to a newspaper report, a unit that could fetch as much as $10 billion.
24 Oct 2011
Capmark Financial Group Inc, a large commercial real estate lender that emerged from bankruptcy this month, sued Goldman Sachs Group Inc…
24 Oct 2011
Mattel Inc will buy Hit Entertainment -- the maker of the popular Thomas & Friends and Bob the Builder toys -- for $680 million from a consortium…
24 Oct 2011
U.S. coal giant Peabody Energy and its bid partner ArcelorMittal said they have obtained majority interest in Australia's Macarthur Coal…
24 Oct 2011
Health insurer Cigna Corp will buy HealthSpring Inc for about $3.8 billion to jump-start its business selling Medicare plans for the elderly…
24 Oct 2011
The U.S. Federal Bureau of Investigation is probing the massive advisory fee involved in Olympus Corp's takeover of a British company, a media report said…
24 Oct 2011
Oracle Corp struck a deal to buy RightNow Technologies Inc for around $1.5 billion, agreeing to pay a nearly 20 percent premium…
24 Oct 2011
Sara Lee Corp is selling most of its North American foodservice coffee and tea business to J.M. Smucker Co for $350 million…
24 Oct 2011
Progress towards recapitalising and funding European banks lifted the sector on Monday as euro zone policymakers worked on a wider solution to the debt crisis although final details remained scarce ahead of Wednesday's deadline...
24 Oct 2011
Alterian has rejected an all-cash takeover approach from SDL that values the marketing software provider at around 50 million pounds, British translation software firm SDL said on Monday...
24 Oct 2011
Luxury hotelier Jumeirah Group, owned by the ruler of Dubai, is looking at doubling its properties under management globally by early 2012 and tapping into growing tourism demand...
24 Oct 2011
Swedish car maker Saab said late on Sunday it has terminated a 245 million euro (212 million pound) investment deal with China's Zhejiang Youngman Lotus Automobile Co and Pangda Automobile Trade Co <601258.SS>, raising fresh doubts over Saab's future...
24 Oct 2011
Former Federal Reserve Chairman Paul Volcker is advocating for regulatory control over the money-market mutual fund industry and believes the government should stop financing mortgages...
23 Oct 2011
Kuwait is considering buying assets in Europe after prices fell in response to the region's debt crisis, but it has not made specific decisions...
23 Oct 2011
Google Inc has spoken to at least two private equity firms about possibly helping them finance a deal to buy Yahoo Inc's core business...
21 Oct 2011
Britain added to pressure for reform of the world's "big four" accountancy firms by ordering the audit market to be probed by its top competition regulator…
21 Oct 2011
Goldman Sachs Group was sued by shareholders of El Paso Corp for advising the company's board to abandon a spin-off and instead sell itself cheaply…
21 Oct 2011
A bankruptcy judge approved Innkeepers USA Trust's new plan to sell 64 of its hotels to Cerberus Capital Management LP and Chatham Lodging Trust…
21 Oct 2011
For the small club of companies who trade the food, fuels and metals that keep the world running, the last decade has been sensational. Driven by the rise of Brazil, China, India and other fast-growing economies, the global commodities boom has turbocharged profits at the world's biggest trading houses...
21 Oct 2011
A federal judge rejected American International Group Inc's request to move its $10 billion mortgage fraud lawsuit against Bank of America Corp…
21 Oct 2011
Scandal-hit Japanese firm Olympus Corp on Friday gave in to shareholder pressure over massive fees paid to advisers in a 2008 acquisition…
21 Oct 2011
Spanish bank Santander said it will boost its balance sheet with proceeds from a $1.15 billion deal to sell a stake in its U.S. consumer finance business…
21 Oct 2011
U.S. private equity firm Bain Capital said it agreed to buy restaurant chain Skylark from Nomura Holdings and other investors for $2.1 billion…
21 Oct 2011
Banks syndicating 13.2 billion Swedish crown of debt for Swedish cable company Com Hem have now received orders from two investors after delays due to volatile markets, banking sources said on Friday...
21 Oct 2011
Japan's Sumitomo Life plans to put almost all of its new money into domestic bonds in the six months to March as foreign debt has become unattractive after sharp yield drops, a company official said...
21 Oct 2011
New York-based hedge fund Perry Capital, which manages about $8 billion, is shutting down its Hong Kong office and will cut 30 jobs globally, a source with direct knowledge of the matter told Reuters on Friday...
20 Oct 2011
The administrator in charge of Saab's reorganization asked on Thursday that a Swedish court pull the plug on bankruptcy protection…
20 Oct 2011
China's Citic Resources has accepted Peabody Energy and ArcelorMittal's A$4.9 billion takeover offer for Australia's Macarthur Coal…
20 Oct 2011
Large European private equity buyouts are on hold until capital markets revive, which is unlikely to happen this side of Christmas as leveraged loan…
20 Oct 2011
The California attorney general's office subpoenaed Bank of America Corp this week about the sale and marketing of troubled mortgage-backed securities…
20 Oct 2011
Olympus Corp came under pressure on Thursday from its biggest shareholder to respond to concerns about controversial payments to advisory…
20 Oct 2011
Bank of Nova Scotia said it will pay about $1 billion in cash and stock for a majority stake in Colombia's Banco Colpatria…
20 Oct 2011
U.S. exchange Bats Global Markets has won the provisional backing of Britain's Competition Commission to complete its $300m takeover…
20 Oct 2011
Bailed-out financial group Dexia cleared the way for its full dismantlement on Thursday, with final board clearance for the nationalization…
20 Oct 2011
The Securities and Exchange Commission is examining whether hedge fund SAC Capital Advisors used insider information to profit from Johnson & Johnson's…
20 Oct 2011
EDF should repay 1.22 billion euros ($1.68 billion) of state aid, in line with an EU Commission regulatory decision against the French utility nearly a decade ago, an adviser to Europe's highest court said on Thursday...
20 Oct 2011
Global regulators published guidelines on Thursday to better monitor automated transactions while saying there was little hard evidence to justify reining in high-frequency trading...
20 Oct 2011
Lawmakers in France's National Assembly have approved a special surtax on the wealthy that is part of efforts to keep France's deficit-reduction targets in reach...
20 Oct 2011
Two years after the Dubai debt crisis erupted, contributing to a wave of loan restructurings across the Gulf, those restructurings may be entering a more difficult phase as banks become reluctant to extend maturities further...
20 Oct 2011
BlackRock, the world's largest money manager, called for regulators to flag riskier exchange-traded funds, a move being met with fierce opposition by rivals who dominate that niche...
19 Oct 2011
China's financial regulators have asked the world's biggest audit firms to urgently review their work on U.S.-listed Chinese companies and give details on information they may have provided to overseas regulators, two sources told Reuters...
19 Oct 2011
The Securities and Exchange Commission has launched a broad, agency-wide review of exchange-traded funds to ensure they are adequately transparent…
19 Oct 2011
Citigroup Inc will pay $285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail…
19 Oct 2011
You might think the capital city of a U.S. state would tap a high-powered, national law firm to handle its bankruptcy case. But when Harrisburg, Pennsylvania…
19 Oct 2011
Innkeepers USA Trust agreed to sell 64 of its hotels to Cerberus Capital Management LP and Chatham Lodging Trust for $1.02 billion…
19 Oct 2011
U.S.-based Seagate Technology won EU regulatory approval on Wednesday to buy Samsung Electronics Co's loss-making hard disk drive…
19 Oct 2011
State securities regulators ordered wrongdoers to return a total $14.1 billion to investors in 2010, a 200 percent spike from $4.7 billion in 2009…
19 Oct 2011
Manhattan federal judge William Pauley on Wednesday decided to keep a proposed $8.5 billion settlement over Bank of America Corp's mortgage-backed…
19 Oct 2011
Citigroup Inc is not liable to thousands of workers who said it should not have offered bank stock in its retirement plans because it knew its subprime mortgage exposure made that stock a bad investment, a federal appeals court said...
19 Oct 2011
British airport operator BAA said it was putting its Edinburgh airport up for sale, bowing to the UK Competition Commission's order to sell a Scottish airport…
19 Oct 2011
DuPont's Pioneer seed unit has sued Monsanto Co, claiming its archrival infringed on patents that help genetically modified corn seeds germinate...
19 Oct 2011
The Pennsylvania state Senate on Tuesday voted for a state takeover of the finances of its capital, Harrisburg, setting up a showdown with the city…
19 Oct 2011
Abbott Laboratories Inc said it will split into two publicly traded companies -- one focusing on pharmaceuticals and biotech medicines…
19 Oct 2011
Global beer maker SABMiller is joining forces with Anadolu Efes to become the number two operator in Russia in a deal which gives the London-based group…
19 Oct 2011
Alcatel-Lucent plans to sell its Genesys call center software business to private equity group Permira for $1.5 billion in cash but will keep a larger…
19 Oct 2011
Nomura Holdings is set to buy a China unit of GE Capital, in a deal allowing Japan's largest brokerage to expand deeper into the Chinese financial market…
19 Oct 2011
Groupon Inc is pushing ahead with plans to go public in the face of a volatile equity market, a recent executive departure and questions about its accounting…
19 Oct 2011
Olympus Corp acknowledged on Wednesday that it paid an unusually hefty $687 million fee to financial advisers when it acquired British medical equipment firm Gyrus, confirming claims by ousted CEO Michael Woodford that lie at the centre of a bitter dispute...
19 Oct 2011
The U.S. Department of Justice is planning to hire an external lawyer to help in its antitrust case against AT&T Inc's proposed $39 billion bid for T-Mobile USA, according to media reports...
19 Oct 2011
The European Commission said on Wednesday it had raided several firms active in financial derivative products linked to Euribor, the interbank euro lending rate, on suspicions of a cartel in the market...
19 Oct 2011
A former Goldman Sachs director, who also was once the global head of elite consultancy McKinsey & Co, will surrender to the FBI on Wednesday to face criminal insider trading-related charges...
19 Oct 2011
The United States pushed through its toughest measures yet to curtail speculation in commodity markets in a tight vote on Tuesday, likely shifting the focus of a fierce four-year debate from the regulators to the courts...
19 Oct 2011
The Arab Spring has disrupted investment plans in oil and gas projects as some governments in the region have shifted their focus to meet increasing demands from their population...
19 Oct 2011
Algeria is sticking to its plan to nationalise Orascom Telecom's local mobile phone unit...
19 Oct 2011
Qatar National Bank , the Gulf state's largest lender, is eyeing Denizbank, the fast-growing Turkish arm of euro zone debt casualty Dexia, in a deal potentially worth up to $6 billion...
18 Oct 2011
The European Union agreed on Tuesday to ban "naked" credit default swaps on sovereign debt in an attempt to curb what some policymakers…
18 Oct 2011
The U.S. Commodity Futures Trading Commission backed away, at least for now, from a plan that imposed heightened financial resource requirements…
18 Oct 2011
The regulator for Fannie Mae and Freddie Mac said on Tuesday it had directed the two mortgage firms to stop using attorney networks that were implicated…
18 Oct 2011
A group of former Thelen partners who took jobs at DLA Piper before Thelen went bankrupt are crying foul over a proposed settlement sought by the trustee…
18 Oct 2011
Deutsche Lufthansa AG may have to break up its British bmi unit to sell the underperforming carrier, as larger airlines eye its access at Heathrow airport…
18 Oct 2011
The U.S. futures regulator approved a proposal on Tuesday giving the swaps market extra breathing room to comply with financial reforms as the agency struggles…
18 Oct 2011
The latest court fight tied to Lehman Brothers Holdings is over the legal defense funds of executives who led the Wall Street giant in the years ahead…
18 Oct 2011
Bank of America Corp asked a judge to disqualify Quinn Emanuel Urquhart & Sullivan, the law firm representing AIG in the insurance company's $10 billion…
18 Oct 2011
U.S. securities regulators are taking their first stab at reviewing "plain-English" disclosure brochures that most investment advisers…
18 Oct 2011
Companies in the United States and the United Kingdom faced fewer lawsuits this year but underwent more regulatory actions and internal investigations...
18 Oct 2011
InterContinental Hotels Group has signed 12 contracts for its new China hotel brand with the first opening of the new brand expected in late 2012 or early 2013...
18 Oct 2011
Teekay Corp, a marine crude oil and petroleum product transporter, will spend up to $823 million to buy three floating production storage and offloading…
18 Oct 2011
Chinese electric motor maker Harbin Electric said two more proxy advisers have asked its shareholders to vote in favor of the $754 million go-private offer…
18 Oct 2011
Japan's Olympus came under more pressure to disclose details of payments made in a series of acquisitions as its shares plunged…
18 Oct 2011
South African furniture group Steinhoff said on Tuesday it would sell several industrial subsidiaries to Kap International in exchange for shares…
18 Oct 2011
New China Life, the country's third-biggest life insurer, aims to seek regulatory approvals for its potential $4 billion initial public offering in Hong Kong and Shanghai…
18 Oct 2011
The European Union hopes to finalise a law on Tuesday that could ban certain credit default swaps (CDS) to curb what some policymakers see as hedge funds bets on the euro zone crisis...
18 Oct 2011
Abu Dhabi's Etihad Airways is in talks with Britain's Virgin Atlantic to join the UK carrier in its bid for bmi, the loss-making unit of Lufthansa...
17 Oct 2011
The Goldman Sachs employee charged over the Abacus subprime mortgage transaction was denied permission on Monday to immediately appeal one of the legal claims that U.S. securities regulators brought against him…
17 Oct 2011
With the U.S. Commodity Futures Trading Commission (CFTC) set to vote on Tuesday on a final rule imposing position limits in commodity markets, the battle between the commission and its critics is set to move across Washington to the federal courthouse on Constitution Avenue…
17 Oct 2011
The Federal Reserve announced that it had approved a final rule on the blueprints large banks will have to submit to U.S. regulators showing how they can be dismantled in the event of failure…
17 Oct 2011
Statoil is paying $4.4 billion for Brigham Exploration to boost its unconventional energy resources in the United States…
17 Oct 2011
Anadys Pharmaceuticals Inc said Swiss drugmaker Roche Holding AG agreed to buy the U.S. company for $230 million to broaden its portfolio…
17 Oct 2011
AmeriGas Partners L.P. will buy Energy Transfer Partners L.P.'s propane business for $2.8 billion, helping the largest U.S. propane retailer…
17 Oct 2011
Medco Health Solutions Inc agreed to buy out Dublin-based United Drug Plc's half of their British home care joint venture…
17 Oct 2011
A judge declined to appoint a trustee to replace Solyndra's management who were accused of not answering questions about the bankruptcy…
17 Oct 2011
Chinese Internet firm Shanda Interactive said it received a cash offer of about $2.33 billion from its chief executive and key shareholder Tianqiao Chen…
17 Oct 2011
Chi-X Europe and Bats Global Markets, two exchanges that agreed a merger eight months ago, expect to learn this week whether the British competition agency is set to approve or block their plan to create the largest pan-European trading venue…
17 Oct 2011
Hedge fund manager David Einhorn is betting that Green Mountain Coffee Roasters will lose its buzz, pushing the company's share price down 11 percent on Monday...
17 Oct 2011
The U.S. Supreme Court agreed on Monday to decide if companies can be held liable in the United States for international human rights law violations, a case about allegations that Royal Dutch Shell Plc helped Nigeria violently suppress oil exploration protests in the 1990s…
17 Oct 2011
Plumbing products maker Watts Water Technologies Inc agreed to pay U.S. regulators about $3.8 million to settle allegations of bribery against employees of its former unit in China…
17 Oct 2011
Liquidnet, a U.S. venue where institutions anonymously trade public stocks, is expanding into trading shares of private and pre-IPO companies such as Facebook and Twitter that may want to avoid the costs and uncertainty of volatile public markets…
17 Oct 2011
Hong Kong regulators said recently that they have begun new consultations on norms to oversee over-the-counter (OTC) derivatives, which may include the establishment of a central clearing counterparty…
17 Oct 2011
Not a single major European bank is providing enough transparency and detail on staff pay, and disclosure needs to improve, Europe's banking watchdog said recently...
17 Oct 2011
Chief executives and top managers will be seen more on the front lines when Securities and Exchange Commission representatives show up in brokerage offices for exams and tests...
17 Oct 2011
The Securities and Exchange Commission is warning staffers that their personal brokerage account information may have been compromised, after it uncovered security flaws with an ethics compliance program…
17 Oct 2011
BP Plc has accepted a $4 billion payment from partner Anadarko Petroleum toward the Gulf of Mexico oil spill clean-up, far less than it might have won in court, but a deal that could reduce the overall cost of the disaster for the British group...
17 Oct 2011
Security services firm G4S agreed to buy Danish outsourcing service provider ISS in a deal worth 5.2 billion pounds including debt, creating the world's biggest security and facilities services group...
17 Oct 2011
Kinder Morgan Inc struck a $21 billion deal to buy rival El Paso Corp, combining the two largest natural gas pipeline operators in North America in a huge bet on the fast-growing market for that fuel...
17 Oct 2011
Citigroup may abandon its attempt to sell EMI if the U.S. bank cannot squeeze higher offers from bidders...
16 Oct 2011
Two executives of Wal-Mart Stores Inc's China operation, including its head, have resigned, the company said in a statement on Monday...
16 Oct 2011
Super Retail Group on Monday said it has agreed to buy Australia's top sports retailer Rebel Group for A$610 million ($630 million) from private equity firm Archer Capital...
16 Oct 2011
Sinohydro Group, China's largest builder of dams, said on Monday it would list on the Shanghai Stock Exchange on Tuesday after raising 13.5 billion yuan…
15 Oct 2011
Hong Kong-listed Esprit Holdings may shut its North American stores if it cannot sell them as the troubled fashion retailer seeks to bolster…
14 Oct 2011
Hyundai Oilbank, South Korea's smallest crude oil refiner, has narrowed down a group of banks to handle its up to $2 billion IPO planned for early next year…
14 Oct 2011
U.S. securities regulators formally asked public companies for the first time to disclose cyber attacks against them, following a rash of high-profile Internet crimes…
14 Oct 2011
Rupert Murdoch's multi-million dollar campaign to win back the hearts and minds of News Corporation's independent investors suffered a new blow…
14 Oct 2011
George Soros isn't a financial backer of the Wall Street protests, despite speculation by critics including radio host Rush Limbaugh that the billionaire investor has helped fuel the anti-capitalist movement...
14 Oct 2011
Consumer goods giant Unilever agreed to buy 82 percent of Russian cosmetics group Concern Kalina for 500 million euros on Friday as part of its strategy to expand into fast-growing emerging markets...
14 Oct 2011
Britain's Debt Management Office on Friday named BNP Paribas, Deutsche Bank, Goldman Sachs and HSBC as joint bookrunners for its syndicated sale of a new index-linked gilt with a maturity of around 50 years...
14 Oct 2011
TPG, a U.S.-based firm founded in 1992, currently invests in Asia from a $19.8 billion global fund and its $4.25 billion regional fund TPG Capital Partners V…
13 Oct 2011
Billionaire investor Carl Icahn reported a 9.8 percent stake in Navistar International Corp (NAV.N) on Thursday and said the truck and engine maker's…
13 Oct 2011
A minority shareholder in TNK-BP has increased its damage claims against BP (BP.L) to 409 billion roubles from 154 billion based on…
13 Oct 2011
U.S. securities regulators sanctioned units of Direct Edge Holdings LLC on Thursday, saying the stock exchange company's weak internal controls led to millions…
13 Oct 2011
Cerberus Capital Management CBS.UL and Chatham Lodging Trust have reached a tentative agreement to buy bankrupt Innkeepers USA Trust…
13 Oct 2011
Israel-based Teva Pharmaceutical Industries Ltd (TEVA.TA) said it got approval from the European Commission to buy U.S. specialty drugmaker Cephalon…
13 Oct 2011
A federal telecommunications regulator asked AT&T Inc on Thursday to provide data on claims that its deal to buy
T-Mobile USA would mean…
13 Oct 2011
Hector Sants, the head of Britain's financial watchdog, met U.S. counterpart Mary Schapiro on Thursday, days before the European Commission...
13 Oct 2011
A proposed refinery, a petrochemical joint venture between China's CNPC, Royal Dutch Shell Plc <RDSa.L> and Qatar, this week signed a framework deal with local authorities in eastern China's Zhejiang province where the mega project will be built...
13 Oct 2011
Clifford Chance is bolstering its New York-based practice group handling white-collar, regulatory enforcement and government investigations…
13 Oct 2011
Chilean copper company Codelco's announcement it may buy a stake in Anglo American Plc assets in Chile has analysts fretting the British miner will lose…
13 Oct 2011
Raj Rajaratnam, a self-made hedge fund tycoon convicted in the biggest Wall Street trading scandal in a generation, was ordered on Thursday to serve 11 years…
13 Oct 2011
A court slapped a temporary ban on the sale of Samsung Electronics' latest computer tablet in Australia Thursday, handing rival Apple another legal victory…
13 Oct 2011
Xunlei Ltd, a Chinese Internet company partly owned by Google, filed with regulators on Thursday to withdraw its plans to go public…
13 Oct 2011
Peabody Energy and ArcelorMittal have received regulatory clearance from China for their A$4.9 billion takeover bid for Australia's Macarthur Coal…
13 Oct 2011
Mosaid Technologies, the target of a hostile C$480 million takeover bid from fellow Canadian patent company Wi-Lan Inc, said it won regulatory…
13 Oct 2011
Global private equity firm TPG Capital TPG.UL is preparing to launch a $4-5 billion fund in mid October to invest in Asia, which would be the largest fund…
13 Oct 2011
Glencore, the world's biggest commodities trader, is expected to sign a deal within days for a $800 (508.19 pounds)-$900 million loan to Indonesia's Bakrie Group to help it refinance a $1.35 billion facility that became unexpectedly due, sources said on Thursday.
13 Oct 2011
Carlyle Group, Cerberus Capital Management and Platinum Equity are among the private equity firms interested in buying U.S. auto parts maker Cooper Standard, but tough financing markets make a deal uncertain...
13 Oct 2011
China National Petroleum Corp (CNPC) , Qatar Petroleum International and Royal Dutch Shell Plc signed a framework deal on Oct. 10 to build a joint refining and petrochemical complex in China...
12 Oct 2011
Crisis-hit car maker Saab has received about 100 million crowns, part of a bridge loan secured by China's Zhejiang Youngman Lotus Automobile…
12 Oct 2011
A U.S. Securities and Exchange Commission official said he hoped that his agency's plan to require swaps traders to send only one request for quote…
12 Oct 2011
Lehman Brothers Holdings Inc suffered its first loss in the firm's effort to win back portions of upfront bonuses paid to former brokers…
12 Oct 2011
The Securities and Exchange Commission agreed on Wednesday to seek comments on a major plan that would restrict banks from trading for their own profits…
12 Oct 2011
Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival...
12 Oct 2011
Israeli conglomerate IDB Holding has agreed to sell its controlling stake in Super-Sol for 2.4 billion shekels ahead of new legislation aimed at boosting...
12 Oct 2011
Pennsylvania's capital, Harrisburg, filed for a rare Chapter 9 municipal bankruptcy on Wednesday after it was unable to resolve its debt crisis…
12 Oct 2011
The initial public offering of Ubiquiti Networks, which makes wireless networking equipment, is expected to price below the estimated range…
12 Oct 2011
Rising capital costs for banks are cutting funds available for buyout deals in Asia as lenders do not want to risk mis-pricing a loan in the current market…
12 Oct 2011
Pacific Rubiales Energy Corp said it has entered into a joint venture with French oil and gas company Les Etablissements Maurel & Prom S.A. to buy a 50 percent…
12 Oct 2011
Nasdaq OMX Group said its board has approved a $300 million share repurchase program, as it looks to return excess capital to its shareholders...
12 Oct 2011
Liz Claiborne Inc plans to sell off more of its major brands, including its namesake line, in its latest move to reduce its high debt load, and will change the company's name as it focuses on three key brands...
12 Oct 2011
After a decade of poor equity returns and facing years of slow global growth, a growing number of investors are recasting equities solely as a yield-bearing asset to help manage risks and keep their portfolios diversified...
12 Oct 2011
France's cabinet on Wednesday approved a law paving the way for the government to guarantee over one third of Franco-Belgian lender Dexia SA's potential losses on toxic debt, as called for in a rescue deal inked early this week...
12 Oct 2011
Hong Kong's PCCW Ltd got the green light from shareholders on Wednesday for its plan to spin off and list its multi-billion dollar telecoms unit, paving the way for owner Richard Li to create the media empire he has long yearned for...
12 Oct 2011
The European Central Bank will launch a second, 40 billion euro ($55 billion) round of covered bond purchases in November as part of fresh efforts to shield euro zone banks from rising financial market tensions and avert a euro zone credit crunch...
12 Oct 2011
Peter Langerman, president and chief executive of Mutual Series, an investment team within Franklin Templeton Investments; "While we acknowledge the track record of Mr. Murdoch, we think that at this point an independent chairman would be advisable."...
12 Oct 2011
An overhaul of Brazil's antitrust regulator has given the agency more authority and shorter deadlines, reducing uncertainty that has hung over merger activity in Latin America's largest economy...
12 Oct 2011
Emirates NBD, the largest bank in the United Arab Emirates by assets, will take over struggling government-controlled Islamic lender Dubai Bank under orders from Dubai's ruler, as consolidation gets under way in local banking...
12 Oct 2011
Abu Dhabi sovereign wealth fund Aabar Investments appeared to cut its stake in Daimler nearly in half in July, dropping just below the 5 percent threshold only to now say that the cause was a legal technicality...
11 Oct 2011
China should not push ahead with yuan globalisation amid rising turbulence in international financial markets, a senior government researcher said on Wednesday, warning that further yuan liberalisation would strengthen the currency and hurt exports...
11 Oct 2011
Japan's Kirin Holdings Co said on Wednesday that the way had been cleared for its $2.6 billion purchase of 50.45 percent of Brazililan beer and soft drinks maker Schincariol, after a Sao Paulo court threw out a temporary injunction halting the deal...
11 Oct 2011
U.S. private equity firm Bain Capital plans to finalise a deal to buy Japanese restaurant chain Skylark Co from a unit of Nomura Holdings Inc for about 260 billion yen ($3.4 billion), a source with knowledge of the matter said...
11 Oct 2011
Lehman Brothers Holdings Inc accused JPMorgan Chase, its former banker, of mishandling the sale of more than $27 billion worth of securities as Lehman…
11 Oct 2011
Investors would get more information about who audits companies traded in the United States -- including how much audit work is done overseas…
11 Oct 2011
Patent litigation has become a vicious circle. Motorola Mobility, which Google is buying, is being targeted by Intellectual Ventures…
11 Oct 2011
U.S. regulators unveiled a ban on Wall Street banks' trading for their own profit, but the long-awaited Volcker rule proposal was so complex…
11 Oct 2011
Britain's financial regulator used legally privileged material in an investigation into defunct investment services group Keydata, which sparked the UK's...
11 Oct 2011
Europe's banks will have to achieve a significantly stronger capital position under a quick-fire regulatory health check and may need to raise...
11 Oct 2011
Telenor's India mobile phone joint-venture partner Unitech said on Tuesday it has filed a petition before the Company Law Board in India…
11 Oct 2011
The administrator in charge of Saab's restructuring under court protection could pull the plug on the process as early as Tuesday, paving the way for declaring the auto…
11 Oct 2011
U.S. regulators on Tuesday are set to give nervous insurance companies, mutual funds and other big players in financial markets a better idea of whether they will be tapped for the same type of additional government scrutiny facing large U.S. banks...
11 Oct 2011
Emirates NBD ENBD.DU, the largest bank in the United Arab Emirates by assets, will take over struggling government-controlled Islamic lender Dubai Bank…
11 Oct 2011
Ares Management LLC and Canada Pension Plan Investment Board agreed to buy 99 Cents Only Stores for about $1.6 billion in cash…
11 Oct 2011
Wal-Mart Stores Inc and Facebook Inc unveiled a partnership on Tuesday to help the world's largest retailer connect customers with its local stores...
11 Oct 2011
Concerns about a bubble in China's residential property market are spreading to the commercial real estate sector at a time when developers are upping their exposure, and the country's insurance industry is poised to invest huge sums into the space...
11 Oct 2011
Thomas H. Lee Partners and a consortium that includes Blackstone Group and Carlyle Group are finalists to acquire Regions Financial Corp's Morgan Keegan brokerage and investment banking unit...
11 Oct 2011
Rupert Murdoch and his sons James and Lachlan should be kicked off the News Corp board along with 10 other directors when shareholders vote at this year's annual general meeting, a corporate governance watchdog said on Monday...
10 Oct 2011
The patients accused Teva the world's largest maker of generic drugs, Baxter Healthcare Corp and McKesson Corp of selling Propofol in vials large enough to be reused by doctors.
10 Oct 2011
Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again…
10 Oct 2011
The National Asset Management Agency, Ireland's state-run "bad bank", has put two loan portfolios worth a total of 800 million euros on the market…
10 Oct 2011
Sara Lee Corp is selling its fresh bakery business in Spain and Portugal to Mexico's Grupo Bimbo for 115 million euros in cash…
10 Oct 2011
Mexican mobile phone giant America Movil, owned by billionaire Carlos Slim, is set to launch a bid on Tuesday to buy the 40.04 percent of fixed-line phone…
10 Oct 2011
Industrial and consumer packaging company Sonoco Products Co (SON.N) will buy privately held Tegrant Corp for $550 million in its largest acquisition yet…
10 Oct 2011
Hedge funds took in $6.1 billion in August as the industry outperformed slumping markets, according to data released on Monday…
10 Oct 2011
The European Commission will not include over-the-counter derivatives in its antitrust review of Deutsche Boerse's planned takeover of NYSE Euronext, three people familiar with the matter said on Monday...
10 Oct 2011
Global banking regulators will press ahead with the first worldwide effort to force banks to hold more liquid assets, the chairman of the Basel Committee…
10 Oct 2011
Qatar's royal family is stepping up its investment in the euro zone's troubled banking sector with plans to buy private banking businesses from Franco-Belgium…
10 Oct 2011
A unit of China Petrochemical Corp has signed a deal to buy Canadian oil and gas explorer Daylight Energy Ltd for C$2.2 billion…
10 Oct 2011
China's Alibaba Group Holding Ltd has talked with Temasek Holdings Pte about providing financing to buy the 40 percent stake in itself held by Yahoo Inc…
10 Oct 2011
Superior Energy Services Inc has agreed to buy smaller rival Complete Production Services Inc in a cash-and-stock deal for about $2.6 billion…
10 Oct 2011
France Telecom is moving ahead with the sale of its Orange Switzerland unit this week, despite concerns among some potential bidders…
10 Oct 2011
A unit of China's sovereign wealth fund started to buy more shares in the country's big banks on Monday, in the clearest sign yet that Beijing is looking to support…
10 Oct 2011
Franco-Belgian bank Dexia agreed early on Monday to the nationalization of its Belgian banking division and secured 90 billion euros in state guarantees…
10 Oct 2011
German carmaker Porsche SE is raising 3.5 billion euros of loans to refinance its 2009 facilities at better rates, a company spokesman said on Monday...
10 Oct 2011
Belgian bank KBC has agreed the sale of its KBL private banking unit for 1.050 billion euros ($1.42 billion) to Qatari-backed Luxembourg firm Precision Capital, a key disposal it had to make under restructuring plans agreed with the European Commission...
10 Oct 2011
Hopes may be disappointed for an influx of money from Qatar and other rich Gulf states into battered European banks, since Gulf investors are likely to see many of the banks as too risky and out of line with their investment strategies...
9 Oct 2011
Australia's competition watchdog said on Monday it would pay close attention to the market power of top supermarkets Woolworths and Coles , which hold a duopoly...
9 Oct 2011
Shares in Sinopec, Asia's biggest refiner, fell more than 5 percent on Monday after a unit of its state-owned parent agreed to purchase Canadian oil and gas explorer Daylight Energy Ltd <DAY.TO> for C$2.2 billion ($2.1 billion)...
9 Oct 2011
South Korea's KDB Financial Group, a holding company of state-run Korea Development Bank, is considering buying HSBC Holdings' retail banking operations in the country, sources with direct knowledge of proposals said...
9 Oct 2011
When China announced a nearly $600 billion package to ward off the 2008 global financial crisis, city planners across the country happily embarked on a frenzy of infrastructure projects, some of them of arguable need...
9 Oct 2011
China has signed off a set of rules for its small but booming wealth management sector to temper rapid growth and prevent banks from exploiting loopholes to beat regulation...
7 Oct 2011
The U.S. futures regulator may break with other agencies on a much-anticipated plan to ban most proprietary trading by banks, and could opt to put forth…
7 Oct 2011
U.S. regulators are considering holding Wall Street chief executives legally liable if they allow certain types of proprietary trading on their watch...
7 Oct 2011
Spain's No. 5 retail bank Banco Popular will buy its smaller rival Banco Pastor, a source close to the deal said…
7 Oct 2011
Britain's Competition Commission on Friday told UK airport operator BAA that it must sell one of its Scottish airports before it disposes of London Stansted…
7 Oct 2011
Private equity firm Apax Partners APAX.UL and two Canadian pension funds gained EU clearance on Friday for its $5 billion takeover…
7 Oct 2011
Microsoft secured EU approval on Friday to purchase internet voice and video service Skype for $8.5 billion, its biggest ever acquisition…
7 Oct 2011
Bankrupt pizza chain Sbarro Inc filed an amended restructuring plan in which its lenders agreed to provide about $35 million of new capital…
7 Oct 2011
A federal judge on Friday put the brakes on the U.S. government's attempt to quickly get documents related to possible accounting fraud at Chinese companies…
7 Oct 2011
The bank-led group bidding for the owner of the Toronto Stock Exchange has applied for regulatory approval of its C$3.8 billion hostile offer…
7 Oct 2011
Private equity firm Bain Capital has completed a rare 87.5 billion yen recapitalisation for its Japan telemarketing asset Bellsystem24, Basis Point reported on Friday citing bank sources...
7 Oct 2011
Speech recognition and digital imaging software maker Nuance Communications Inc said it has bought rival Swype Inc for $102.5 million in a deal that dilutes competition for its T9 preditictive text input software...
7 Oct 2011
Moody's Investors Service downgraded its ratings on nine Portuguese banks on Friday, citing the increased asset risk linked to their holdings of Portuguese government debt and the sovereign downgrade of Portugal in July...
7 Oct 2011
Sony Corp is in talks to buy out Ericsson <ERICb.ST> from their mobile phone joint venture in a bid to catch up with rivals, a source with direct knowledge of the matter told Reuters...
6 Oct 2011
Miraca Holdings, Japan's top diagnostics and laboratory testing service provider, will buy a unit of U.S.-based Caris Life Sciences for $725 million…
6 Oct 2011
Privately held wireless broadband operator Open Range Communications filed for bankruptcy protection in the U.S. district court of Delaware…
6 Oct 2011
A unit of Lehman Brothers Holdings Inc sued an affiliate of Goldman Sachs Group Inc, saying it used pretextual excuses to avoid closing on a real estate purchase…
6 Oct 2011
Enforcement cases filed by the U.S. Commodity Futures Trading Commission surged 74 percent in fiscal year 2011 to its highest level in history as the futures regulator…
6 Oct 2011
Oracle Corp has agreed to pay $199.5 million plus interest to settle allegations that the software giant failed to give promised discounts to the federal government…
6 Oct 2011
A prominent dispute resolution expert has been picked to sort out any problems over evidence in the Obama administration's antitrust lawsuit to block AT&T Inc's…
6 Oct 2011
Chip technology company Rambus Inc was quizzed in court about destroyed documents and its own use of its patents as graphics chip maker Nvidia…
6 Oct 2011
Juergen Stark is not the kind of man who enjoys drawing attention to himself. But the euro-zone crisis pushed him over the edge...
6 Oct 2011
In the 18-year battle between Chevron and Ecuadorean residents over pollution in the Amazon rainforest, two high-powered law firms on opposite sides of the case…
6 Oct 2011
Del Monte Corp and Barclays Capital have agreed to pay $89.4 million to Del Monte shareholders in one of the largest cash settlements on record in Delaware…
6 Oct 2011
The constitutional court of the German state of Baden-Wuerttemberg ruled on Thursday that the state government's purchase of EDF'S 45 percent stake…
6 Oct 2011
Microsoft Corp is considering a bid for Yahoo Inc, resurfacing as a potential buyer after a bitter and unsuccessful fight to take over the Internet company in 2008…
6 Oct 2011
Passionate, prickly, and deemed irreplaceable by many Apple fans and investors, Steve Jobs made a life defying conventions and expectations…
6 Oct 2011
Britain's financial regulator is examining Royal Bank of Scotland's portfolio of troubled commercial property loans, as the European debt crisis injects fresh volatility in property prices, industry sources said...
6 Oct 2011
Citic Securities Co Ltd, China's largest listed brokerage, made a weak debut in Hong Kong on Thursday, underscoring poor appetite for new share sales in the face of global market volatility...
6 Oct 2011
Maan Al-Sanea, the founder of Saudi Arabia's Saad Group, has seen a UK court lift a freezing order on $9.2 billion worth of his assets in what his legal team called a "significant turning point" in a bitter legal battle with his in-laws...
6 Oct 2011
Dubai builder Arabtec, which struggled to collect payments during Dubai's property bust, has scrapped plans for a rights issue and a $150 million convertible bond, its chief financial officer said on Thursday...
6 Oct 2011
Nearly two years after it was forced to go cap in hand to neighbour Abu Dhabi for a bailout, a chastened Dubai has ringfenced vulnerable assets, forced banks to bolster reserves and deferred debt maturities...
6 Oct 2011
Sony Corp has secured financing from Abu Dhabi's investment fund for its bid for Citigroup-owned British music company EMI...
5 Oct 2011
A draft proposal of the Volcker rule that cracks down on banks' proprietary trading gives firms flexibility to hedge risk, and sets stringent limits on such trading beyond U.S. borders to address fears the rule will put U.S. firms at a disadvantage...
5 Oct 2011
A years-long investigation into whether Bank of New York Mellon Corp and other banks overcharged clients on foreign-exchange transactions…
5 Oct 2011
Microsoft is set to win EU approval for its planned $8.5 billion acquisition of online telephone service Skype...
5 Oct 2011
Former directors of Lehman Brothers Holdings Inc won the dismissal of a lawsuit seeking to hold them liable for losses suffered by the fallen...
5 Oct 2011
The Financial Industry Regulatory Authority cannot go to court to collect fines it says brokerages and brokers have to pay in disciplinary cases…
5 Oct 2011
The Securities and Exchange Commission may deter more cheats by lowering its sights. The U.S. regulator faces growing criticism…
5 Oct 2011
A high stakes patent trial between Oracle and Google will "likely be postponed" beyond its currently scheduled Oct. 31 start date, a U.S. judge said...
5 Oct 2011
The European Commission said on Wednesday it would push next month's G20 summit to agree on a global financial transaction tax, but Canada…
5 Oct 2011
Deutsche Boerse AG and NYSE Euronext received a document of more than 130 pages on Wednesday outlining the European Union's…
5 Oct 2011
A federal judge has given Ambac Financial Group the right to send its bankruptcy exit plan to creditors for a vote…
5 Oct 2011
Friendly's, an ice cream parlor chain known for its Happy Ending sundaes, filed for bankruptcy on Wednesday as the sluggish economy…
5 Oct 2011
Russia's VTB will pay 111.2 billion roubles to buy an additional share offering by Bank of Moscow to recapitalize…
5 Oct 2011
Sara Lee Corp said on Wednesday that it is still finalizing discussions with the U.S. Department of Justice about the sale of its North American fresh bakery…
5 Oct 2011
Yahoo Inc's long-time advisers Goldman Sachs Group Inc and Allen & Co are preparing to give potential buyers financial information…
5 Oct 2011
Bank of New York Mellon was sued on Tuesday by New York federal and state prosecutors who accused the bank of cheating clients in foreign exchange…
5 Oct 2011
Belgium and France expect to finalise by Thursday a rescue plan for Dexia that would sever the bank's French lending business and may nationalise its Belgian arm...
5 Oct 2011
Ports operator DP World will invest another $1 billion in the London Gateway project over the next three years, it said on Tuesday, adding the new port centre will be operational by the fourth quarter of 2013...
5 Oct 2011
Abu Dhabi's International Petroleum Investment Co (IPIC) views Austrian energy group OMV as a key pillar of its portfolio, it said on Tuesday after raising its OMV stake to 24.9 percent...
5 Oct 2011
Worried customers withdrew funds and overloaded the telephone helpline of struggling bank Dexia on Wednesday as governments raced to put a rescue…
4 Oct 2011
EU regulators will formally object this week to the planned merger of Deutsche Boerse and NYSE Euronext, two sources with knowledge…
4 Oct 2011
The Trade Secrets chain of beauty salons landed back in bankruptcy on Tuesday for the second time in 15 months, with a plan to close more stores…
4 Oct 2011
U.S. states, cities and other issuers in the municipal bond market are increasingly dropping credit back-ups provided by Belgian-French financial group Dexia…
4 Oct 2011
The main U.S. watchdog for corporate auditors on Tuesday expressed impatience with Chinese regulators over not being allowed to inspect auditors…
4 Oct 2011
A Bank of America Merrill Lynch unit agreed to pay $1 million for supervisory failures that allowed a former broker to use a Merrill Lynch account to run a Ponzi scheme…
4 Oct 2011
The leading Mexican restaurant operator in the United States filed for bankruptcy on Tuesday and put its El Torito, Chevys Fresh Mex and Acapulco…
4 Oct 2011
British chancellor George Osborne backed down on one of his key demands that all derivatives trading be immediately covered by new EU rules…
4 Oct 2011
The first checks to investors defrauded by Bernie Madoff will be mailed out on Wednesday, according to the trustee overseeing the liquidation…
4 Oct 2011
Talks on creating a new entity combining Dexia's (DEXI.BR) local government lending arm with French state bank Caisse des Depots and Banque Postale are ongoing…
4 Oct 2011
The leading Mexican restaurant operator in the United States filed for bankruptcy on Tuesday and put its El Torito, Chevys Fresh Mex and Acapulco Mexican…
4 Oct 2011
Washington Mutual Inc said it could end its three-year bankruptcy by November, allowing it to distribute $7 billion to creditors…
4 Oct 2011
Cerberus Capital Management and Chatham Lodging Trust said on Tuesday that analyst downgrades for the lodging sector…
4 Oct 2011
International Business Machines Corp said it is to buy Q1 Labs, a privately-held security intelligence software provider, as it looks to tap into a growing…
4 Oct 2011
A secondary offering of shares in Lions Gate Entertainment Corp by affiliates of billionaire investor Carl Icahn has been put on hold due to poor market…
4 Oct 2011
Reliance Retail is in talks with international frozen food retailer Dairy Queen Inc, owned by Warren Buffett's Berkshire Hathway, for a joint venture in India, the Times of India reported on Tuesday...
4 Oct 2011
Ubiquiti Networks, a maker of wireless networking products, expects to sell 7 million common shares priced at $20-$22 apiece in a rare move…
4 Oct 2011
Canadian cold and flu medicine maker Afexa Life Sciences Inc, which is at the center of a takeover battle, said its board recommended shareholders…
4 Oct 2011
Western Digital has offered concessions to EU antitrust regulators in a bid to win approval for its $4.3 billion acquisition of Hitachi Ltd's hard disk…
4 Oct 2011
Banks should be forced to build safety capital cushions for government debt deemed risky by bond markets, a senior European Union lawmaker said on Tuesday...
4 Oct 2011
Switzerland, despite bank settlements with the United States to disclose tax evaders, remains the top refuge for financial secrecy, according to a new international ranking of tax haven countries...
4 Oct 2011
Anyone hoping that recent falls in commodity prices would provide a boost to powerhouse Asian economies and help lift the developed world out of recessionary danger will be disappointed. The region's focus remains firmly on inflation...
4 Oct 2011
McGraw-Hill Cos Inc., owner of Standard & Poor's credit rating agency, agreed to sell its nine-station broadcasting unit to media conglomerate E.W. Scripps Co. for $212 million in cash.
4 Oct 2011
The chief executive of state-run Saudi Aramco, Khalid Al-Falih, aims to begin production of solar cells in Saudi Arabia in two to three years in a joint venture with Japanese thin-film solar cell maker Showa Shell Sekiyu KK...
3 Oct 2011
Australia's Sundance Resources has recommended a sweetened A$1.65 billion all-cash bid from Hanlong Mining, it said, giving the Chinese firm control…
3 Oct 2011
Law firm mergers are up 79% in 2011 compared with the same period last year, according to figures released Monday by law-firm consultancy Altman Weil…
3 Oct 2011
Hewlett-Packard completed its $12 billion buy of British software firm Autonomy on Monday, the centerpiece of a botched strategy shift that cost ex-chief…
3 Oct 2011
Anna Nicole Smith lives ... at least in the Heller Ehrman bankruptcy case…
3 Oct 2011
Franco-Belgian financial group Dexia called an emergency board meeting on Monday after concerns about its exposure to Greece and a Moody's warning…
3 Oct 2011
Duke Energy Corp and Progress Energy Inc are confident they can meet conditions set by federal regulators and close their proposed merger…
3 Oct 2011
Hong Kong's securities regulator has fined Citigroup HK$6 million for failing to report a Ponzi scheme involving one of its former employees…
3 Oct 2011
UK gym operator Fitness First has postponed its planned $500 million initial public offering in Singapore, making it the latest company to shelve its listing plans…
3 Oct 2011
Nimble hedge funds taking short-term bets are reaping the biggest profits from Europe's debt crisis, as markets lurching on one policymaker's comments…
3 Oct 2011
Yahoo Inc struck a deal with ABC to use the media company's news on its website and to jointly produce journalism projects as well as sell Web advertising...
3 Oct 2011
A lawsuit against Blackstone Group LP, alleging the private equity firm failed to disclose problem investments before its 2007 initial public offering…
3 Oct 2011
Financial technology provider ACI Worldwide Inc scooped up smaller rival S1 Corp for $515.9 million, after sweetening the deal...
3 Oct 2011
Farm equipment maker Agco Corp agreed to buy grain storage systems maker GSI Holdings Corp from the affiliates of private equity firm Centerbridge…
3 Oct 2011
Contract research firm Pharmaceutical Product Development Inc (PPDI.O) agreed to be acquired by Carlyle Group CYL.UL and Hellman & Friedman…
3 Oct 2011
The head of the U.S. derivatives regulator, scrambling to get internal support for steps to tackle excessive commodity speculation, said delays are of little concern...
3 Oct 2011
U.S. accounting rulemakers are expected to revisit soon a 2008 proposal that would address the knotty issue of "going concern" warnings…
3 Oct 2011
Russian oil-to-telecoms conglomerate Sistema said on Monday it would buy back up to $100 million of its shares, helping its stock to outperform a broadly bearish market...
3 Oct 2011
Broker-dealers are taking very different approaches to a new rule that requires them to scrutinize customers' credit positions and block reckless orders before trades are executed, setting off finger-pointing and new challenges for regulators...
2 Oct 2011
Chinese firm Hanlong Mining has agreed to raise its offer price for Sundance Resources to secure an agreed takeover bid, valuing the Australian-based miner at more than $1.5 billion, sources said Monday...
2 Oct 2011
Singapore food company SATS said over the weekend it was in talks to sell its stake in UK-based Daniels Group, whose products include fresh soup and chilled ready meals...
2 Oct 2011
Citigroup is being investigated by Japanese regulators for possible infractions related to its marketing of financial products and could face its third major…
2 Oct 2011
Abril Educacao, a Brazilian education services company, has agreed to buy Maxiprint Grafica e Editora, a childhood- and adult-education content provider, for 43 million reais ($22.9 million), expanding its reach two months after an initial public offering...
2 Oct 2011
Qatar's sovereign wealth fund will invest $1 billion in European Goldfields including $600 million to finance operations in Greece, where the London-based firm has a permit to mine gold...