NEWS
January 2010
30 Jan 2010
Last year, with most of the world mired in the "Great Recession," those outsized sovereign wealth funds amassed by governments from the likes of Abu Dhabi…
29 Jan 2010
China's Daqo New Energy Corp, which manufactures polysilicon for solar panel makers, is postponing its initial public offering, according to an underwriter…
29 Jan 2010
Heineken NV will buy the beer business of Mexico's FEMSA in a $5.7 billion deal that boosts the Dutch brewer's emerging-markets presence and cements an alliance with one of Latin America's biggest drinks firms…
29 Jan 2010
Barclays Plc urged a judge to throw out a lawsuit by Lehman Brothers Holdings Inc's bankruptcy estate alleging that it reaped a secret $5 billion profit from…
29 Jan 2010
French media company Vivendi SA is liable for damages because it misled investors, a U.S. jury found...
29 Jan 2010
Real estate tycoon Donald Trump is considering whether to either buy or manage Stuyvesant Town and Peter Cooper Village housing complex in Manhattan…
29 Jan 2010
Electronic Arts, maker of the Madden NFL and FIFA soccer video games, is looking to build sports games for Facebook after buying social-games maker Playfish for $275 million, and...
29 Jan 2010
ING Group NV completed the sale of its Asian private banking unit to Singapore's OCBC, the biggest deal in the private banking sector since the financial crisis…
29 Jan 2010
Private equity firm Warburg Pincus is to buy survival equipment maker Survitec for 280 million pounds, marking the third British buyout deal in as many days...
28 Jan 2010
World number one seatbelt and airbag maker Autoliv said on Thursday it had agreed to buy the Asian auto safety business of U.S. auto parts maker Delphi for an undisclosed sum…
28 Jan 2010
A New York pension fund can try again to sue Apple Inc Chief Executive Steve Jobs and other officers and directors over a stock options plan that allegedly led to stock losses, a U.S. court ruled…
28 Jan 2010
A Philadelphia-area real estate developer has sued the Citizens Bank unit of Royal Bank of Scotland Group Plc for $8 billion, claiming the bank had jeopardizing a $700 million project to…
28 Jan 2010
Joe Lewis, the Bahamas-based currency trader and owner of London soccer club Tottenham Hotspur, won a battle to shake up the board of British pubs group Mitchells & Butlers on Thursday following a...
28 Jan 2010
A review of civil litigation in Britain that seeks to overhaul the "no win, no fee" legal culture is attracting a rush of funds that finance lawsuits in return for a cut of payouts...
28 Jan 2010
Biogen Idec Inc said on Thursday it has received notice from billionaire investor Carl Icahn that he intends to nominate three people to its board as he seeks to expand his influence at...
28 Jan 2010
Sino-Forest Corp, a China-based commercial forest plantations operator, said it signed its sixth long-term deal to acquire pine and Chinese fir trees in China's Guizhou Province…
28 Jan 2010
It's a myth to assume Islamic finance products are safer than conventional products and underlying risks should be studied more carefully, Qatar's top regulator said…
28 Jan 2010
Brazilian mining company Vale said on Wednesday that it would pay $3.8 billion to buy Bunge Ltd's fertilizer assets in Brazil, as global demand for potash is boosted by growing food consumption…
28 Jan 2010
Private equity firm Apollo Management founder Leon Black said on Wednesday he sees investment opportunities in commercial real estate, commodities, metals, energy and agriculture…
27 Jan 2010
Specialty pharmaceutical healthcare company BioScrip Inc said it will acquire privately held Critical Homecare Solutions for $211.2 million in cash and stock…
27 Jan 2010
Network software provider SolarWinds Inc said it has acquired certain assets of privately held IT management software provider Tek-Tools Inc in a cash-and-stock deal for up to $42 million...
27 Jan 2010
The private equity investment arm of CITIC Securities, China's top brokerage, said it has raised 9 billion yuan ($1.32 billion) for its first industrial investment fund…
27 Jan 2010
New share listings in the BRIC group of the four largest emerging economies have got off to a flying start in 2010, with January flotation volumes of $6.7 billion, the highest on…
27 Jan 2010
Private equity firm Kohlberg Kravis Roberts is buying British retailer Pets at Home in a deal one person familiar with the matter said was worth about 955 million pounds…
27 Jan 2010
Canada's green energy sector looks set to deliver a healthy crop of public offerings in 2010 as a thaw in capital markets and a wealth of government incentives help lure back investors…
27 Jan 2010
Qualcomm Inc's target for current-quarter earnings and revenue and full year revenue missed Wall Street expectations, and its shares fell 9.8 percent on concern about…
26 Jan 2010
Tiny Dutch sportscar maker Spyker clinched a last-minute deal on Tuesday to buy Sweden's Saab, in an audacious attempt to turn around a money-losing brand that only days ago was headed for oblivion…
26 Jan 2010
China's most popular search engine Baidu has been cleared of piracy in a dispute with the music industry, the IFPI trade body for the music sector said...
26 Jan 2010
PAA Natural Gas Storage LP, an operator of natural gas storage facilities, filed for an initial public offering of up to $200 million…
26 Jan 2010
U.S. commercial printing company Quad/Graphics Inc said on Tuesday it has agreed to acquire Canadian rival World Color Press in a bid to increase its reach and its range of services…
26 Jan 2010
U.S. investor Warren Buffett has built a $1 billion stake in Munich Re, boosting his insurance holdings by taking a 3 percent stake in the world's biggest reinsurer...
26 Jan 2010
Fears of more Chinese policy tightening spooked global markets on Tuesday after Beijing ordered some banks to comply immediately with a planned increase in reserves and…
26 Jan 2010
French nursing and care homes group Medica aims to raise 275 million euros ($389 million) in its initial public offering (IPO), Euronext Paris's first this year, to finance takeovers in a fragmented market and cut debt...
26 Jan 2010
Standard & Poor's said it will add Warren Buffett's Berkshire Hathaway Inc to its flagship S&P 500 stock index, as the company prepares to acquire railroad operator Burlington Northern Santa Fe Corp…
26 Jan 2010
Ticketmaster Entertainment and the world's largest concert promoter, Live Nation, completed their merger on Monday after agreeing with U.S. antitrust officials to divest some assets...
26 Jan 2010
Investment company Genii Capital has withdrawn from the bidding for General Motors' unit Saab, leaving Spyker Cars as the sole remaining bidder to rescue the ailing Swedish auto brand…
25 Jan 2010
Kimberly-Clark Corp recommended that stockholders not tender their shares to TRC Capital Corp, which it said had offered to buy up to 2 million shares at a price below their current value...
25 Jan 2010
Jet Airways (India) Ltd, the country's largest private carrier, aims to raise up to $200 million initially through a share placement with institutions to help reduce its debt, a company official...
25 Jan 2010
Standard & Poor's pulled its rating on a top Dubai company on Monday and the emirate's global ports group voiced fears over long-term financing, adding to investor anxiety about the Gulf Arab state...
25 Jan 2010
A group of investment funds sued Porsche SE and two of its former top executives on Monday accusing them of fraud in a "short squeeze" that caused the funds to lose more than $1 billion from...
25 Jan 2010
As the Obama Administration seeks backing for a tax on banks' lucrative pay packages, the Internal Revenue Service has been stepping up its oversight of executive pay through its auditing and other powers...
25 Jan 2010
Matahari Putra Prime said on Monday it was selling a 90.76 percent stake in retail unit Matahari Department Store to a joint venture with private equity group CVC Partners for…
25 Jan 2010
KDDI Corp, Japan's No.2 telecoms firm, plans to buy a $4 billion controlling stake in the country's biggest cable TV firm, seeking to increase its profile in cable TV as...
25 Jan 2010
A group led by Tishman Speyer Properties LP is giving up control of the Stuyvesant Town and Peter Cooper Village apartment complex in Manhattan to creditors, marking the collapse of…
25 Jan 2010
European Union regulators opened an antitrust investigation on Monday into a planned iron ore production joint venture between BHP Billiton and...
25 Jan 2010
Hundreds of protesters in southern China donned masks to protest a planned incinerator plant, the latest grassroots initiative to target polluting projects in the region…
25 Jan 2010
Goldman Sachs Group Inc, in the crosshairs of the pay debate, is capping compensation at $1.6 million for its partners in the UK, according to a source familiar with the matter…
25 Jan 2010
SAIC Motor Corp, China's biggest automaker, plans to sell its U.K.-made MG cars in Europe at the end of the year as it moves to revive the British vintage brand it took over three years ago…
25 Jan 2010
U.S. private equity firm Bain Capital said on Monday it would acquire the Japan franchisee of Domino's Pizza as it sees opportunities in the country's niche pizza delivery market…
24 Jan 2010
Hall of Fame pitcher Nolan Ryan is part of an investment group that has reached a definitive agreement to purchase the Texas Rangers, the team said…
22 Jan 2010
President Barack Obama's plan to limit financial risk-taking could force banks, such as Goldman Sachs or JPMorgan, to shed parts of their private equity operations...
22 Jan 2010
A client of Swiss bank UBS has won an appeal to prevent her account data being handed over to U.S. authorities as part of a deal to give details on 4,450 clients to the U.S. tax authority...
22 Jan 2010
Partnerships overseen by private equity investor J. Christopher Flowers, that were set up to invest in a German bank, filed for bankruptcy on Thursday….
22 Jan 2010
Wells Fargo & Co, shareholders on Thursday sued officers and directors of the fourth-largest U.S. bank, accusing them of embroiling the company in dubious tax shelters that led to…
22 Jan 2010
The UAE's Masdar and Germany's E.ON have established a joint venture to develop projects to reduce greenhouse gas emissions, the companies said in a statement…
22 Jan 2010
Blackstone Group said on Thursday it will take over management of nine leveraged loan and high yield bond funds with assets of $3.2 billion from business development company Allied Capital Corp…
22 Jan 2010
U.S. chocolate maker Hershey Co has decided not to launch a counterbid for British confectioner Cadbury Plc following a unanimous vote by its board late on Wednesday...
21 Jan 2010
China-based solar company JinkoSolar Holding Co Ltd on Wednesday filed for an initial public offering of up to $100 million…
21 Jan 2010
Goldman Sachs will curb payouts to UK staff in particular because of Britain's supertax on bonuses, an industry source said, as the U.S. investment bank dramatically reversed its course on remuneration...
21 Jan 2010
A shareholder sued the management of Cedar Fair LP, a theme park operator, for agreeing to sell the company too cheaply to Apollo Management and asked a judge to block the deal, according to court documents…
21 Jan 2010
Corporations can spend freely to support or oppose candidates for president and Congress, the Supreme Court ruled on Thursday in a landmark decision that allows massive sums to be spent to…
21 Jan 2010
Canada's Supreme Court ruled on Thursday that an Imperial Metals copper and gold project in British Columbia can go ahead, even though a full federal environmental assessment was never carried out…
21 Jan 2010
President Barack Obama, reeling from an election defeat in the U.S. Senate, will propose stricter limits on financial risk-taking on Thursday in a move that may recall Depression-era curbs on banks...
21 Jan 2010
Russia's UC RUSAL, the world's biggest aluminum producer, has secured a critical refinancing deal for a looming $4.5 billion debt ahead of pricing its ground-breaking Hong Kong IPO later on Thursday…
21 Jan 2010
Hydro-Quebec said on Wednesday it will pay C$3.2 billion ($3 billion) to buy most of debt-laden New Brunswick Power's generating facilities in a deal that now excludes…
21 Jan 2010
Billionaire investor Carl Icahn has made the winning bid to purchase the bankrupt, unfinished Fontainebleau Las Vegas Resort in a bet that the struggling Las Vegas Strip will…
21 Jan 2010
Oracle Corp won unconditional European Union approval on Thursday for its $7 billion takeover of Sun Microsystems, a month after offering public pledges to sooth regulatory concerns…
21 Jan 2010
English soccer club Manchester United has set yield guidance for the planned issue of a $325 million dollar bond at around 8.75 percent and a 300 million pound bond at around 9 percent…
21 Jan 2010
The W New York Union Square hotel could change hands again, just months after a foreclosure auction gave a junior lender control of the property…
20 Jan 2010
Swiss banking heavyweight Credit Suisse says it will reduce its global bonus pool by 5 percent to pay for a new British tax on bonuses, but will cut deeper into the bonuses for its top managers in Britain...
20 Jan 2010
Sunoco gas station operators in Ontario are suing Suncor Energy Inc for up to C$200 million ($194 million), claiming Canada's biggest oil company breached franchise agreements by…
20 Jan 2010
Multiplus SA, which manages the mileage program for Brazil's largest airline TAM Linhas Aereas, may raise as much as 1.28 billion reais ($721.2 million) in an initial public offering, seeking to...
20 Jan 2010
Novartis AG's offer to buy out minority shareholders in Alcon Inc is "grossly inadequate," independent directors of U.S. eyecare group said on Wednesday, setting the…
20 Jan 2010
Private equity giant Blackstone has applied to Britain's financial regulator for a UK banking licence, working alongside fund manager Cambridge Place…
20 Jan 2010
The U.S. Treasury Department persuaded some big banks to pay more than market estimates to repurchase warrants issued to the government in the financial crisis…
20 Jan 2010
U.S. antitrust regulators have lowered the dollar value of mergers that must be reported to the government to $63.4 million from $65.2 million…
20 Jan 2010
Two of Asia's most influential sovereign funds are steering clear of a $2.6 billion Hong Kong IPO by UC RUSAL, the world's biggest aluminum maker, leery about…
20 Jan 2010
South Korea's Samsung Life Insurance will go public in May or June, a source said, marking the country's largest IPO estimated to be least $4 billion and one of several high-profile sector...
20 Jan 2010
MetLife Inc is in talks to buy AIG's American Life Insurance Co (Alico) unit in a deal that could be valued between $14 billion and $15 billion…
20 Jan 2010
An influential Middle-Eastern accounting body published on Wednesday new standards aimed at establishing best practice on key aspects of Islamic finance, such as the widely used leasing concept, ijara...
20 Jan 2010
Emeritus Corp said it formed a joint venture with Blackstone Real Estate Advisors and Columbia Pacific Advisors to buy 134 senior-living communities from Sunwest Management…
20 Jan 2010
Patriot Risk Management Inc, which underwrites and administers workers' compensation insurance, said on Tuesday it hopes to raise up to $204 million in its initial public offering…
20 Jan 2010
Norway's sovereign wealth fund has excluded 17 tobacco producers from its $450 billion portfolio for ethical reasons…
19 Jan 2010
Google has postponed the launch of two mobile phones in China which use its Android platform, in the first sign its business in the country is starting to be affected by a…
19 Jan 2010
Industrial conglomerate Tyco International will acquire Broadview Security for $1.9 billion in a deal that brings together two large providers of residential and…
19 Jan 2010
Kraft Foods agreed a recommended deal to buy Cadbury for around 11.9 billion pounds ($19.6 billion), creating the world's top confectioner after frantic last-minute talks broke an…
19 Jan 2010
State-run Borse Dubai, stakeholder in the London Stock Exchange, said on Tuesday it had decided to exercise a one-year option to extend a $2.5 billion syndicated loan facility…
19 Jan 2010
New York-based travel service company Travelport launched a $2 billion initial public offering (IPO) on Tuesday to cut debt, in a sign that appetite for such large share sales may be picking up…
19 Jan 2010
Japan Airlines Corp filed for bankruptcy protection on Tuesday owing more than $25 billion, and vowed to slash 15,700 jobs in an effort to survive in an industry hit by…
18 Jan 2010
Capmark Investments LP, which said it manages more than $1.7 billion of equity real estate and mortgage-related investments, filed for bankruptcy protection…
18 Jan 2010
Hedge fund firm Marshall Wace has launched the first exchange traded fund from a European alternative investment manager...
18 Jan 2010
Electric car builder Fisker Automotive said on Friday it had raised $115 million in equity, clearing a key financing hurdle...
18 Jan 2010
Abu Dhabi's $10 billion December bailout to Dubai included $5 billion already committed by two banks controlled by the emirate, signaling Abu Dhabi's cautious approach to helping its debt-laden neighbor…
18 Jan 2010
Korea Life Insurance Co Ltd, the country's No. 2 life insurer, has advanced the timeline for an estimated $2 billion IPO to the first quarter of this year…
18 Jan 2010
Insurer Swiss Re is to transfer the liabilities of a lossmaking U.S. life reinsurance contract to investor Warren Buffett for 1.3 billion Swiss francs ($1.27 billion) to free up cash and bolster its finances...
18 Jan 2010
Britain is not considering adopting U.S. President Barack Obama's proposal for a levy on banks to repay taxpayers for bailouts…
18 Jan 2010
Orient Overseas (International) Ltd has sold $2.2 billion in Chinese property to Singapore's CapitaLand as the loss-making Hong Kong company seeks to raise cash…
17 Jan 2010
Chinese natural gas distributor China Gas Holdings plans to make a general offer for mainland integrated gas operator Zhongyu Gas…
16 Jan 2010
Juniper Networks Inc said on Friday it was one of the victims of a cyber attack in China first brought to light by Google Inc, which has threatened to quit the country…
15 Jan 2010
Starwood Hotels & Resorts Worldwide Inc has claimed that at least five members of rival Hilton Hotels executive committee knew of the alleged theft of trade secrets last year...
15 Jan 2010
Big players in the $450 trillion derivatives markets agreed to increase transparency and expand the volume and type of contracts they route to central counterparties, the New York Federal Reserve said...
15 Jan 2010
Japan Airlines moved a step closer to bankruptcy on Friday by drawing down $1.6 billion in emergency funding and with the government setting Tuesday as the day to…
15 Jan 2010
CF Industries Holdings Inc withdrew its year-long hostile bid to buy rival fertilizer maker Terra Industries Inc on Thursday, bringing a three-way battle for control of the North American fertilizer business…
15 Jan 2010
Britain's consumer watchdog has asked for comment as it considers whether to request the right to examine the proposed merger of France Telecom's Orange and…
15 Jan 2010
The top U.S. futures market regulator unveiled its long-awaited proposal to crack down on speculation in oil and gas markets on Thursday, setting position limits so high that…
15 Jan 2010
Cadbury Chairman Roger Carr attacked Kraft Foods' 10.5 billion pound ($17.1billion) hostile takeover bid and its past performance on Thursday, but was uncertain over the…
15 Jan 2010
Shiseido Co Ltd, Japan's largest cosmetics company, has agreed to buy U.S.-based Bare Escentuals for $1.7 billion, as it looks to speed up its expansion and break into a new part of the North American market...
15 Jan 2010
Scotiabank (Bank of Nova Scotia) is accepting donations for the Canadian Red Cross' Haiti Earthquake Relief Fund at its bank branches and making a…
14 Jan 2010
Chinese real estate company IFM Investments Ltd set the terms of its initial public offering on Wednesday, hoping to raise up to $179 million…
14 Jan 2010
The U.S. Securities and Exchange Commission gave its enforcement staff more tools to root out financial fraud and compel witnesses to come forward with information on investigations...
14 Jan 2010
The Treasury Department will own billions of dollars worth of when a taxpayer-financed bailout program is over and has not set clear principles for disposing them…
14 Jan 2010
Brazilian shopping mall operator Aliansce Shopping Centers filed on Thursday to sell as much as 1.14 billion reais ($643.7 million) in an initial public offering, the company's second attempt to go...
14 Jan 2010
FPL Group Inc, owner of the largest utility in Florida, said it would halt billions of dollars of capital expenditures in the state, citing a deteriorating regulatory environment…
14 Jan 2010
Barrick Gold is suing to halt Goldcorp's planned acquisition from New Gold of a 70 percent stake in the El Morro copper-gold project in Chile, which Barrick is also trying to acquire…
14 Jan 2010
LaBranche & Co Inc said on Wednesday it agreed to sell its New York Stock Exchange specialist business to Barclays Plc for $25 million in cash, reflecting the difficulties…
14 Jan 2010
Billionaire Carlos Slim's America Movil launched a $21 billion offer on Wednesday for Mexican telephone company Telmex and Telmex Internacional to give a boost to his telecom empire…
14 Jan 2010
Google this week said it would stop censoring search results on Google.cn, its search engine for users in China, and that the company may exit China altogether. Google has…
14 Jan 2010
Aid groups asked companies to donate cash to help earthquake relief efforts in Haiti instead of supplies like clothing and tents that they cannot distribute yet because of the devastation…
14 Jan 2010
Bankers hoping for a $40 billion IPO bonanza this year face a double threat; investors scared off by the performance of previous offerings and owners opting for a trade sale or…
14 Jan 2010
The top U.S. futures market regulator on Thursday proposed sweeping rules to limit the influence of big traders in energy markets…
13 Jan 2010
U.S. securities regulators proposed rules on Wednesday that would require more supervision of unlicensed high-frequency traders who gain unfettered, or "naked," access to public markets...
13 Jan 2010
President Barack Obama will announce plans on Thursday to raise up to $120 billion from major U.S. financial firms to cover expected losses from a taxpayer-funded bank bailout...
13 Jan 2010
China's Daqo New Energy Corp, which manufactures polysilicon for solar panel makers, on Tuesday filed for an initial public offering of up to $108 million...
13 Jan 2010
A Delaware court dismissed a complaint by Dow Chemical shareholders that claimed the company's board acted irresponsibly when it approved the buyout of rival Rohm And Haas last year…
13 Jan 2010
VMware Inc agreed to buy email software maker Zimbra from Yahoo Inc as Yahoo continued to sell off divisions that are not related to its core consumer Web business…
13 Jan 2010
Creditors-turned-shareholders of Hynix Semiconductor Inc will be flexible on the size of a stake to be sold, worth up to $3.5 billion at market price, as they plan to pick a buyer in the first half of this year…
13 Jan 2010
The U.S. Food and Drug Administration has asked Bayer AG, Amylin Pharmaceuticals, Eli Lilly and Cephalon to stop using "misleading" promotions for some drugs, according to letters released by the agency…
13 Jan 2010
Google Inc threatened to quit China, the world's biggest Internet market, warning it would no longer tolerate strict censorship of its Google.cn search engine…
13 Jan 2010
A unit of struggling bond insurer Ambac Financial Group Inc sued Credit Suisse Securities and a mortgage affiliate for "pervasive and material misrepresentations" on…
13 Jan 2010
American Depositary Receipts should gain more market-share in 2010 as investors seek portfolio cross-border diversification fueled by interest in emerging markets…
12 Jan 2010
Newfield Exploration Co and Anadarko Petroleum Corp said on Tuesday they agreed to buy TXCO Resources Inc assets in the Maverick Basin in southwest Texas for about $310 million…
12 Jan 2010
A Manhattan federal judge on Monday rejected the U.S. Securities and Exchange Commission's effort to expand its lawsuit accusing Bank of America Corp of misleading shareholders…
12 Jan 2010
Key U.S. senators are considering the creation of a special bankruptcy court for troubled financial services firms, a person familiar with the plans said…
12 Jan 2010
American Airlines and its partners in the Oneworld alliance sweetened their offer to Japan Airlines to $1.4 billion to keep the struggling national carrier from joining hands with rival Delta Air Lines…
12 Jan 2010
China's second-largest online game company Shanda Games made its first U.S. acquisition on Tuesday, buying online game firm Mochi Media for $80 million, to advance…
12 Jan 2010
Britain's Cadbury showcased robust 2009 results and an upbeat outlook on Tuesday in its last move to rebuff U.S. giant Kraft Foods' 10.5 billion pound ($17 billion) hostile takeover bid…
12 Jan 2010
Bank of America Corp is in talks with New York attorney general Andrew Cuomo's office to settle a probe on bonuses paid to Merrill Lynch executives…
12 Jan 2010
The U.S. Federal Reserve made record profits in 2009 and will return $45 billion to the U.S. Treasury, after its efforts to prop up the economy created a windfall for the government…
12 Jan 2010
Massachusetts Bricklayers And Masons Trust Funds, a $95 million pension fund based in Massachusetts, sued Alcon Inc, Novartis AG and Nestle S.A. in connection a deal that the…
11 Jan 2010
Auckland International Airport Ltd, New Zealand's main gateway, has bought a stake in an Australian airport operator for A$132.8 million ($123 million), as it seeks to expand beyond its core market...
11 Jan 2010
Funeral products maker Hillenbrand Inc said it agreed to acquire K-Tron International Inc , a maker of manufacturing flow equipment, for $150 a share in cash…
11 Jan 2010
British gaming group Gala Coral, laden with debts of 2.5 billion pounds, has asked for three waivers from senior debt holders including a request to delay publishing its annual accounts…
11 Jan 2010
British entrepreneur Richard Branson's Virgin Money has approached U.S. private equity firm Blackstone to seek backing for a new bid for the state-owned British bank Northern Rock…
11 Jan 2010
A state-backed fund crafting a restructuring plan for Japan Airlines is leaning towards a delisting of the carrier after it files for bankruptcy…
11 Jan 2010
Dubai World is expected to soon make a formal standstill request to creditors for $22 billion in debt while it devises a restructuring plan…
11 Jan 2010
Health insurers, generic drugmakers and medical device companies are trying to win small but crucial changes as Democratic leaders in Congress finalize their massive overhaul of the nation's healthcare system…
11 Jan 2010
Global brewery Heineken NV on Monday said it will buy the beer business of Mexico's FEMSA for 3.8 billion euros ($5.44 billion), giving the Dutch brewer a top position in the Mexican and…
11 Jan 2010
A U.S. court ruled that Roche Holding's anemia drug Mircera infringes Amgen Inc patents and entered a permanent injunction preventing the Swiss drugmaker from selling its medicine in the US…
11 Jan 2010
The controlling shareholder of horse track owner Magna Entertainment Corp will pay at least $96.5 million to settle allegations that he looted the company's assets prior to its…
10 Jan 2010
The EU's new insurance supervisory authority unveiled its management board on Monday, as it prepares sweeping capital and risk rule changes for Europe's insurers...
10 Jan 2010
China's recent moves to tighten control of its online and mobile content industries have brought some uncertainty into the market but may not have a major immediate impact on…
8 Jan 2010
(Reuters) Billions of dollars of natural gas assets in Western Canada could change hands this year as energy income trusts convert into corporations and raise capital for acquisitions…
8 Jan 2010
The New York Federal Reserve Bank under Timothy Geithner urged insurer AIG in late 2008 to limit disclosures about its payments to…
8 Jan 2010
Royal Bank of Scotland said it agreed to sell non-core asset management businesses to fund firm Aberdeen as it attempts to recover from a bruising financial crisis…
8 Jan 2010
Canada-listed coal miner SouthGobi Energy Resources has secured Asia's top sovereign wealth funds, China Investment Corp (CIC) and Temasek…
8 Jan 2010
Private equity firm Kohlberg Kravis Roberts & Co is in talks with certain lenders to swap unsecured debt in Energy Future Holdings Corp for debt in Energy Future Holdings Corp for debt guaranteed by…
8 Jan 2010
The financial regulator broke Swiss bank secrecy law in February when it ordered UBS to hand over the files of nearly 300 clients to U.S. authorities…
8 Jan 2010
Canwest Global Communications Corp said on Friday it has received an offer to buy its newspaper division and will seek others as Canada's biggest media company put its…
8 Jan 2010
India's Reliance Industries Ltd has sweetened its offer to buy a controlling stake in LyondellBasell Industries that values the bankrupt chemicals firm at $13.5 billion, a source familiar with the situation told Reuters.
7 Jan 2010
Debt-ridden Japan Airlines could get a $3.3 billion lifeline from a state-backed fund, provided the carrier files for bankruptcy and its banks agree to write off loans…
7 Jan 2010
Canada's Goldcorp Inc said on Thursday it will buy mining giant Xstrata's 70 percent stake in the El Morro gold project in Chile, through a deal with New Gold Inc…
7 Jan 2010
AstraZeneca settled a U.S. patent row over Nexium with Israel's Teva Pharmaceuticals on Thursday, protecting the Anglo-Swedish drugmaker's top-selling heartburn drug from…
7 Jan 2010
Reliance Industries raised $577 million through a share sale, the second big equity fund raising in under four months for India's largest listed company as it looks to buy bankrupt petrochemicals firm LyondellBasell…
7 Jan 2010
Dubai World, the state- owned holding company seeking to restructure its debt, moved to quell speculation it could present its restructuring plans to creditors...
7 Jan 2010
Members of Cadbury Plc's board have been talking with counterparts at Hershey Co as expectations fade for a significantly higher bid from Kraft Foods Inc…
7 Jan 2010
The U.S. Justice Department has a team of litigators prepared to oppose the merger of ticketing giant Ticketmaster and concert promoter Live Nation and could decide to take the deal to court…
7 Jan 2010
Billionaire investor Carl Icahn, who last year forced board changes at biotechnology company Biogen Idec Inc, may take aim at cross-town rival Genzyme Corp…
7 Jan 2010
The U.S. Justice Department will conduct an antitrust review of the proposed $30 billion joint venture between Comcast Corp and NBC Universal, department spokeswoman Gina Talamona said…
7 Jan 2010
Borders Group Inc said on Thursday it has reached a deal with the maker of the upcoming Alex electronic reader that will prominently feature the U.S. bookseller's e-bookstore on the device when the…
7 Jan 2010
More than 100 workers at a Chinese lighting factory have suffered suspected mass mercury poisoning in a case highlighting the lack of safeguards for China's factory workers…
7 Jan 2010
Insurer Pearl Group said a dispute with its bondholders over repayment terms won't jeopardise its efforts to obtain a listing on the London Stock Exchange's (LSE) most closely-regulated segment...
6 Jan 2010
Pfizer Inc said on Wednesday it has struck a collaboration deal with India's Strides Arcolab Ltd that will significantly expand the generics business of the world's largest drugmaker...
6 Jan 2010
Deutsche Post DHL said it received an offer for its French domestic parcel business, which it aims to offload by the end of March to focus on its profitable express delivery business…
6 Jan 2010
Property agent Century 21 China Real Estate, partly owned by Goldman Sachs, aims to raise US$150 million in an initial public share offering on the New York Stock Exchange this month…
6 Jan 2010
Haisheng Juice Holdings has settled a derivatives dispute with third parties, the company announced in a statement released on the Hong Kong stock exchange…
6 Jan 2010
Kraft said it had a 1.52 percent take-up from Cadbury shareholders for its 10.5 billion pound ($16.8 billion) hostile bid, with analysts saying the U.S. food group will have to raise its offer to win…
6 Jan 2010
Britain's biggest insurer Prudential is buying the life insurance unit of Singapore's third-biggest lender UOB for S$428 million ($307 million) to beef up its presence in fast-growing Asia…
6 Jan 2010
American Airlines is considering sweetening its $1.1 billion investment proposal for Japan Airlines and would be willing to invest in the carrier even if it goes into bankruptcy…
6 Jan 2010
Conservationists urged Obama administration officials on Wednesday to move cautiously on the use of carbon offsets on public lands, saying the mechanisms may interfere with land managers charged with….
6 Jan 2010
Port operator DP World DPW.DI, part of troubled group Dubai World, said on Wednesday it is to seek a London listing for its shares following disappointment with its market valuation in Dubai…
6 Jan 2010
The U.S. Pension Benefit Guaranty Corp said on Wednesday it has taken over responsibility for underfunded pensions of sportswear retailer Eddie Bauer Inc…
5 Jan 2010
The government agency that supervises the communications industry should free up unused airwaves to make the high-speed Internet access market more competitive…
5 Jan 2010
U.S. regional airline operator Mesa Air Group Inc said it filed for bankruptcy protection in a Manhattan court early on Tuesday to eliminate excess aircraft and reach a more "timely conclusion" in its...
5 Jan 2010
Noble Energy said it would buy the Rocky Mountains oil and gas assets of Petro-Canada Resources Inc and Suncor Energy America Inc for $494 million…
5 Jan 2010
Deal making in Australia is expected to accelerate in 2010, with activity seen dominated by financials, resources and consumer-driven sectors, and the Aussie dollar's strength likely to play a role…
5 Jan 2010
Airbus set itself on a possible collision course with the German government on Tuesday by signaling it was ready to walk away from a delayed 20 billion euro military plane project in…
5 Jan 2010
An independent committee of directors of Alcon is disappointed with a takeover bid from Novartis, saying the Swiss drugmaker is trying to circumvent protections for minority shareholders...
5 Jan 2010
Berkshire Hathaway Inc said it voted against Kraft Food Inc's proposal to authorize the issuance of up to 370 million shares to help the food maker buy Cadbury, but could reverse to a "yes" vote…
5 Jan 2010
International Aluminum Corp, a U.S. producer of aluminum and vinyl building products, filed for Chapter 11 bankruptcy late on Monday, hurt by a downturn in both…
5 Jan 2010
Aviva Investors has bought U.S. asset manager River Road for an undisclosed sum and will use the acquisition to roll out its equity products globally while…
5 Jan 2010
Sumitomo Mitsui Financial Group, Japan's third-largest bank by assets, plans to raise up to $8.7 billion by issuing new shares to meet stricter capital requirements and…
5 Jan 2010
Chinese automobile franchiser Zhongsheng Group aims to raise between $800 million and $1 billion from a Hong Kong initial public offering in first quarter of 2010…
5 Jan 2010
Nestle ruled itself out of a bid war over Cadbury and Kraft sweetened its $16.4 billion offer with a bigger cash portion, raising expectations the U.S. food group will win its prize…
5 Jan 2010
The world's top mobile phone maker, Nokia, has launched another court case against Apple for alleged patent violations, in an increasingly fierce legal battle between…
5 Jan 2010
Onex Corp, one of Canada's best-known buyout companies, said on Monday it is raising its stake in its newest fund by 60 percent due to optimism about near-term investment opportunities...
5 Jan 2010
Bank of America Corp's defense against civil charges it misled investors during its takeover of Merrill Lynch & Co suffered a setback on Monday when a judge ruled that the bank may not...
5 Jan 2010
Ford Motor Co gained market share in Canada in a tough year in 2009 and the Canadian unit's chief executive says he expects the momentum to push into 2010…
5 Jan 2010
Chesapeake Energy has called proposed New York state regulations for the shale gas drilling industry unnecessarily onerous and likely to scare energy companies out of state...
4 Jan 2010
Continental Airlines Inc said on Monday that its new Chief Executive Jeff Smisek has agreed to forgo his annual salary and bonus beginning with the 2010 calendar year unless the company turns a profit each year...
4 Jan 2010
Kohlberg Capital Corp has been sued by a Michigan investor who said the investment company taken public in 2006 by a firm affiliated with buyout specialist Jerome Kohlberg...
4 Jan 2010
National Bank of Egypt and Banque Misr, the country's first and second biggest banks by assets, said they had agreed to accept real estate in exchange for...
4 Jan 2010
Michael Widenius, the creator of the MySQL database and a potential stumbling block for Oracle in its takeover of Sun, handed 14,000 signatures opposing the deal to regulators in Europe, China and Russia….
4 Jan 2010
Credit Suisse Group AG has been sued for $24 billion by property owners who said the Swiss bank schemed to defraud investors in several resort communities, including the bankrupted Yellowstone Club...
4 Jan 2010
U.S. food group Kraft Foods Inc is set to win conditional EU regulatory approval this week for its hostile 10 billion pound takeover bid of British candy maker Cadbury…
4 Jan 2010
China's third-largest online game operator NetEase.com may be close to resolving a dispute surrounding one of its hit games by paying a fine to Beijing regulators while being allowed to…
4 Jan 2010
France's Total signed a $2.25 billion tie-up with Chesapeake Energy, becoming the latest international oil major to take advantage of low gas prices to snap up shale gas assets...
4 Jan 2010
Human resources consulting company Watson Wyatt Worldwide Inc completed its merger with rival Towers Perrin Forster & Crosby to form a combined company called…
4 Jan 2010
Swiss drugmaker Novartis aims to buy the rest of the world's biggest eye care firm Alcon for $39.3 billion, including Nestle's majority stake, to help it diversify away from prescription drugs…
4 Jan 2010
Canada-listed coal miner SouthGobi Energy Resources plans to raise about $400 million from a Hong Kong initial public offering this month…
1 Jan 2010
Iceland and three other Nordic countries lead the world in gender equality, according to a report released…