NEWS
September 2011
30 Sep 2011
Morgan Stanley won dismissal of a government pension fund lawsuit accusing it of defrauding investors in $1.2 billion of risky mortgage…
30 Sep 2011
AT&T Inc has asked a U.S. judge to dismiss antitrust lawsuits brought by rivals Sprint Nextel Corp and Cellular South, now called C Spire Wireless…
30 Sep 2011
BP said on Friday a plan to sell its stake in Argentina-based oil and gas group Pan American Energy to Bridas Corp, half-owned by China's CNOOC…
30 Sep 2011
Warren Buffett said on Friday he is still eager to buy companies and stocks, even as his conglomerate Berkshire Hathaway launches its first-ever share buyback…
30 Sep 2011
McGraw-Hill Companies Inc is in advanced talks to merge its S&P Indices business with CME Group Inc's Dow Jones Indexes…
30 Sep 2011
An evidentiary hearing in the contentious Los Angeles Dodgers bankruptcy will take place next month as the team and Major League Baseball continue to spar over...
30 Sep 2011
Warren Buffett's conglomerate Berkshire Hathaway Inc has begun its share buybacks, Buffett said on Friday, but the repurchases will not stop…
30 Sep 2011
The U.S. Securities and Exchange Commission staff found "apparent failures" at each of the 10 credit rating agencies it examined, including Standard & Poor's and Moody's, the agency said on Friday in its first annual report of credit raters...
30 Sep 2011
JPMorgan Chase & Co and Bank of America Corp were hit with new lawsuits by investors seeking to recover losses on $4.5 billion of soured mortgage debt, expanding the litigation targeting the two largest U.S. banks...
30 Sep 2011
The Singapore Exchange Ltd is tying up with London's main bourse to make a joint bid for the London Metal Exchange…
30 Sep 2011
Minmetals Resources Ltd has agreed to buy Africa-focused copper miner Anvil Mining for $1.28 billion as the China government-controlled firm expands…
30 Sep 2011
Japanese lender Sumitomo Mitsui Financial Group is buying out Promise Co as part of a $2.7 billion rescue of the consumer-finance firm…
30 Sep 2011
A near shutdown in global equity capital markets is forcing issuers to wait, possibly delaying to next year much-anticipated offerings such as the U.S. government's shares in bailed-out companies...
30 Sep 2011
New Zealand suffered two ratings downgrades within hours on Friday when Standard & Poor's and Fitch cut the country's ranking by one notch over concerns about its growing foreign debt...
29 Sep 2011
The Swiss parliament has approved a plan to make the country's biggest banks UBS and Credit Suisse hold more capital than foreign rivals…
29 Sep 2011
Burger and ice cream chain Friendly's is close to filing for bankruptcy and may try to sell itself at auction…
29 Sep 2011
With more than $140 billion worth of claimholders now supporting its proposed bankruptcy exit plan, Lehman Brothers Holdings Inc's prospects…
29 Sep 2011
Liz Claiborne Inc won the dismissal on Thursday of a shareholder lawsuit accusing the clothing designer of fraudulently misrepresenting its relationships…
29 Sep 2011
Raymond James Financial Inc will pay more than $2.1 million to resolve claims that it charged excessive commissions on trades to nearly 16,000 accounts…
29 Sep 2011
Swedish Automobile, owner of cash-strapped car maker Saab, said it would sell its Spyker luxury sports car business to the private equity firm…
29 Sep 2011
New York's famed Tavern on the Green restaurant, which closed after going bankrupt in 2009, will be reborn as a global chain with a charitable twist…
29 Sep 2011
Graceway Pharmaceuticals LLC, which makes creams to treat skin conditions, has filed for bankruptcy protection, and said it plans to sell its U.S. and Canadian assets…
29 Sep 2011
A top securities regulator said U.S. criminal authorities are investigating accounting irregularities at Chinese companies listed on U.S. stock exchanges…
29 Sep 2011
Nelson Peltz's son-in-law Edward Garden joined the board of Family Dollar Stores Inc after the billionaire investor withdrew his offer to buy…
29 Sep 2011
Deutsche Boerse's takeover of NYSE Euronext remains on track for completion by year-end, said Rainer Riess, deputy chairman of the Frankfurt Stock Exchange...
29 Sep 2011
Interest in the London Metal Exchange as a takeover target has snowballed and the number of suitors has risen to double digits…
29 Sep 2011
The U.S. government's bank bailout program paid more than $9 million in legal fees to law firms that submitted questionable bills with little or no details...
29 Sep 2011
Nationwide Mutual Insurance Co said it will acquire Harleysville Group for $760 million to expand its reach in commercial insurance lines of business and add capacity on the U.S. East Coast...
29 Sep 2011
The U.S. Securities and Exchange Commission has sued hedge fund manager Corey Ribotsky and his firm NIR Group for hiding poor performance...
29 Sep 2011
Spain's ruling Socialists abruptly cancelled plans to boost public coffers by selling part of the state lottery for up to 9 billion euros (US$12 billion), under pressure from the centre-right opposition party and banks fearing they would be choked of funds, market sources said ...
29 Sep 2011
A recovery in Dubai's battered property market, limping gradually to life after an economic slump, will be slowed but not derailed by renewed global financial woes and a European sovereign debt crisis...
29 Sep 2011
Turkey is providing rich opportunities for merger specialists trawling for the next big deal, as the country's booming economy and improving corporate governance partially insulate it from a slowing global M&A market...
28 Sep 2011
Canadian patent company Wi-Lan Inc on Wednesday extended the deadline for its C$480 million hostile bid to acquire Mosaid Technologies…
28 Sep 2011
Federal antitrust regulators have asked for more information about Google Inc's planned $12.5 billion acquisition of Motorola Mobility Holdings Inc...
28 Sep 2011
The top U.S. securities regulator is probing Royal Bank of Scotland, Credit Suisse and other financial institutions for their handling of problem mortgage loans...
28 Sep 2011
Sinohydro Group, China's largest builder of dams, will raise 13.5 billion yuan from an initial public offering in Shanghai, a fifth less than it originally sought, after setting the price at the bottom of an indicative range...
28 Sep 2011
NYSE Liffe said it would publish weekly Commitments of Traders reports for the commodities futures contracts listed on its London market from Oct. 3, a move expected to enhance transparency...
28 Sep 2011
The European Commission has started raids at several Bulgarian gas companies as part of a wider investigation over possible breaches of anti-trust rules in gas firms in ten EU members in central and eastern Europe...
28 Sep 2011
Weak pricing for Citic Securities' Hong Kong share sale and a soft Shanghai debut for Great Wall Motor showed Greater China's IPO markets, while still open, are buckling in the face of economic uncertainty and hefty supply...
28 Sep 2011
British customers made more complaints about Barclays than any other banking brand in the first half of the year, according to data released by the Financial Services Authority on Wednesday...
28 Sep 2011
A News Corp-owned newspaper in Australia and one of its most prominent columnists were found guilty on Wednesday of breaching national race laws over articles arguing that fair-skinned Aborigines often said they were black for personal gain...
28 Sep 2011
Shares of Japan Tobacco Inc rose 6 percent on Wednesday after the ruling party policy chief called on the government to sell off its entire 50 percent stake in the cigarette maker to fund the reconstruction of northeast Japan...
28 Sep 2011
Qatar, part-owner of Germany's Volkswagen and Hochtief, is looking for more investment opportunities in the country...
28 Sep 2011
Lenovo Group Ltd , the world's No.3 PC brand, has entered into a $300 million venture with contract laptop PC maker Compal Electronics Inc in eastern China, the companies said, pushing their shares up sharply...
28 Sep 2011
China is moving to choke off funding avenues to developers across the country, tightening or eliminating credit options in a bid to slow the rampant property market and bring down prices without sending the broader economy into a crash...
27 Sep 2011
The hedge funds sought an expedited appeal of a ruling earlier this month by Delaware Bankruptcy Judge Mary Walrath, in which she rejected Washington Mutual's plan to distribute $7 billion to creditors for a second time...
27 Sep 2011
The Securities and Exchange Commission is getting closer to completing its plan to beef up the timeliness and quality of financial disclosures by states…
27 Sep 2011
Hussey Copper Corp filed for bankruptcy in Delaware, citing financial strain and falling copper prices following the 2008 financial crisis...
27 Sep 2011
Former Berkshire Hathaway Inc insurance executive Joseph Brandon is the mystery suitor that reinsurer Transatlantic Holdings Inc…
27 Sep 2011
The three major credit-rating agencies won the dismissal of a lawsuit alleging that five Ohio pension funds lost more than $457 million on risky mortgage debt by relying on flawed ratings that made the debt appear safe...
27 Sep 2011
Solar panel maker Solyndra LLC, which filed for bankruptcy after borrowing $535 million from the U.S. government, on Tuesday was cleared to begin a quick sale process that some creditors criticized as "rushed"...
27 Sep 2011
A unit of the Royal Bank of Canada will pay $30.4 million to settle civil charges by U.S. securities regulators alleging the bank sold unsuitable complex financial products to five Wisconsin school districts...
27 Sep 2011
Japan said it will consider steps to strengthen cyber security amid pressure from Washington to do more after defence contractor Mitsubishi Heavy Industries was hacked and other arm firms said they had received virus-tainted emails...
27 Sep 2011
London Stock Exchange head Xavier Rolet has won the backing of LCH.Clearnet's board for his planned 1 billion euro takeover of Europe's largest independent clearing house, a source familiar with the situation said...
27 Sep 2011
Deloitte Touche Tohmatsu Ltd, the world's largest accounting and consulting firm, was accused on Monday of failing to detect fraud during its audits of one of the biggest private mortgage firms to collapse during the U.S. housing crash...
27 Sep 2011
The "Big Four" global auditors could be broken up, leaving them susceptible to takeovers if radical European Union plans to boost competition go ahead, a UK auditing official said on Tuesday...
27 Sep 2011
India's commodity exchanges are poised for steady growth over the next few years after annual turnover more than quintupled to $2.5 trillion since futures trading started in 2003, but political hurdles hinder more dramatic development...
27 Sep 2011
JPMorgan Chase & Co is asking to move to federal court a lawsuit from Lehman Brothers Holdings Inc accusing it of siphoning $8.6 billion from Lehman's estate in the days leading up to its record bankruptcy...
27 Sep 2011
Pilots at United Airlines asked a federal judge on Monday to halt integration with Continental Airlines, saying the company is moving too fast in its bid to merge operations fully...
27 Sep 2011
Nearly a year after launching ambitious reform plans, the top cop for U.S. futures markets, Gary Gensler, is beset by dissent from inside his agency and political attacks from outside it...
27 Sep 2011
U.S. regulators disclosed they may take action against Standard & Poor's for securities law violations after the ratings agency gave top grades to a package of securitized mortgages in 2007 that quickly soured...
27 Sep 2011
Warren Buffett's conglomerate Berkshire Hathaway will launch a share buyback program, an unprecedented move from Buffett that comes after months of investor complaints that the stock is undervalued...
27 Sep 2011
Cukurova Holding filed a lawsuit to block a planned extraordinary general meeting of Turkcell, in a bid to stave off a fresh attempt by Cukurova's Nordic and Russian partners to oust Turkcell's chairman...
26 Sep 2011
Solyndra LLC, the bankrupt solar panel maker that is at the center of a growing political storm, has found some common ground with creditors…
26 Sep 2011
A bankruptcy judge gave Borders Group Inc the go-ahead to sell its customer information to former rival Barnes & Noble Inc after both sides addressed concerns…
26 Sep 2011
Ranieri Real Estate Partners and funds affiliated with billionaire investor Wilbur Ross' WL Ross & Co, said they agreed to acquire Deutsche Bank Berkshire Mortgage…
26 Sep 2011
Three hedge funds run by New York financier and philanthropist Ezra Merkin won dismissal of civil lawsuits accusing them of being part of swindler Bernard Madoff's massive fraud...
26 Sep 2011
Despite a blip this quarter, resources sector M&A in Asia is expected to rebound and dominate activity for the remainder of the year as China and India's…
26 Sep 2011
Japan looks set to pick an economically less desirable way of funding rebuilding from its March 11 disaster, raising income and corporate taxes rather than the sales tax, yet by doing so it will send a strong message that it is serious about fiscal reform...
26 Sep 2011
Goldman Sachs has risen to the top spot of Japan's M&A league table so far in 2011 after securing an advisory role in a $22.5 billion steel industry merger…
26 Sep 2011
A move by Sinohydro Group, China's largest builder of dams, to cut the size of an initial public offering in Shanghai bodes ill for other mainland IPOs…
26 Sep 2011
IPO hopefuls that have lined up in record numbers to go public in Singapore and Hong Kong in 2011 are giving up listing plans for now as investors' appetite…
26 Sep 2011
Anglo-Dutch publisher Reed Elsevier NV is bolstering its financial data offer by buying U.S. company Accuity for 343 million pounds…
26 Sep 2011
Aaron S. Young, Wayne Andre McMiniment and Richard C. Neiswonger share two things in common...
26 Sep 2011
The world's biggest metal market has thrown open its doors to a potential 1 billion pound takeover and is considering a sale that might end the independence its chief executive previously said was not negotiable...
26 Sep 2011
Telenor said on Monday its Indian mobile phone joint venture Unitech Wireless has initiated a rights issue of 82 billion rupees to secure long-term funding...
26 Sep 2011
IPO hopefuls that have lined up in record numbers to go public in Singapore and Hong Kong in 2011 are giving up listing plans for now as investors' appetite for stocks vanishes and the window for new share-sales closes...
26 Sep 2011
A Kuwaiti court ruled Zain's April annual shareholders meeting invalid on Sunday, upholding a case brought by a former board member who opposed the election process but a company source said the decision will not derail the sale of Zain's Saudi stake...
26 Sep 2011
An intensifying legal battle between Samsung Electronics Co and Apple Inc is expected to crimp growth at one of the fastest growing businesses of the Korean company, while threatening to worsen business ties with the firm's largest customer...
25 Sep 2011
PT Saratoga Investama Sedaya, one of Indonesia's top private equity firms, and Singapore's Tiger Airways Holdings Ltd have signed a deal to buy debt-ridden PT Mandala Airlines...
23 Sep 2011
China Communications Construction Co Ltd has submitted a plan to raise around 20 billion yuan via an initial public offering on the Shanghai…
23 Sep 2011
China-focused miner Silvercorp Metals said on Friday it had filed a lawsuit asking websites to remove "false, defamatory and fraudulent information" from…
23 Sep 2011
The U.S. Securities and Exchange Commission failed to follow federal guidelines and spent in excess of $100,000 on living and travel expenses for a former…
23 Sep 2011
A Bank of America Corp shareholder sued the bank on Friday for what he said was a failure to disclose it potentially owes more than $10 billion to American…
23 Sep 2011
Cracker Barrel Old Country Store Inc sought to put the brakes on a likely attempt by activist investor Sardar Biglari to take control…
23 Sep 2011
Thomson Reuters said it has agreed to sell its trade and risk management software business, which includes flagship product Kondor, to private equity firm Vista Equity Partners...
23 Sep 2011
German carmaker BMW won EU regulatory approval on Friday to acquire Dutch financial services group ING's car lease unit for 700 million euros...
23 Sep 2011
Tough financing markets and market turbulence are causing sellers to shelve deals mid-auction or postpone sales, drying up private equity dealmaking with little hope of recovery any time soon...
23 Sep 2011
Chris Ventresca, JPMorgan Chase's co-head of North American M&A, still remembers the banker he worked for on his first deal as a young associate back in 1994...
23 Sep 2011
The board of UBS meets on Friday amid the glamour of Singapore's Grand Prix event to decide the future of its scandal-hit investment bank and CEO Oswald Gruebel, on whose watch it lost $2.3 billion in rogue trading...
23 Sep 2011
The most China can realistically do for the struggling global economy is to ensure its own growth holds up, and that won't be nearly enough to lift the world...
23 Sep 2011
A sell-off precipitated by global recession fears and the deepening euro zone debt crisis has resurrected the spectre of capital flight, a threat that still haunts emerging markets for all their vaunted strengths...
22 Sep 2011
Barr Rosenberg, one of the earliest proponents of quantitative investing, agreed to a $2.5 million civil fine and lifetime ban from the securities industry…
22 Sep 2011
Dynegy Inc has been sued by bondholders who say a recent restructuring by the third-largest U.S. independent power producer shortchanged them…
22 Sep 2011
A technology company has filed a lawsuit in Brooklyn federal court accusing Twitter, the social-media giant, of patent infringement…
22 Sep 2011
Oracle Corp on Thursday estimated it suffered roughly $1.16 billion of damages from Google Inc's alleged copyright and patent infringement…
22 Sep 2011
Hewlett-Packard Co directors may have embarrassed themselves by keeping former Chief Executive Leo Apotheker on the job for less than a year…
22 Sep 2011
Borders Group Inc's plan to sell customer information to former rival Barnes & Noble Inc hit a snag on Thursday when a judge raised questions about the company's…
22 Sep 2011
The receiver in charge of Central Falls, Rhode Island, on Thursday filed a plan to plug the small, bankrupt city's huge budget deficit and create a sustainable path…
22 Sep 2011
Lawyers for the only Goldman Sachs employee charged over the Abacus subprime mortgage transaction have asked a judge for permission to appeal…
22 Sep 2011
Mergers and acquisitions slowed significantly in the third quarter, stymied by economic uncertainty that stifled the confidence and growth horizons of corporate…
22 Sep 2011
China's Sany Heavy Industry Co Ltd has postponed its up to $3.3 billion Hong Kong share offering due to tumbling global markets…
22 Sep 2011
Sage is to sell its healthcare unit to Vista Equity Partners for $320 million, enabling the British software firm to focus on its core U.S. customer base…
22 Sep 2011
U.S. Republican lawmakers investigating government loan guarantees to the green energy sector have turned their focus to key private investors in the failed...
22 Sep 2011
Microsemi Corp has reached a friendly agreement to buy Canadian specialty chipmaker Zarlink Semiconductor Inc, ending a hostile standoff…
22 Sep 2011
If the board of Hewlett-Packard Co is not already ranked as one of the worst in corporate America, there are some who think it could be a contender…
22 Sep 2011
Shareholders of Mosaid Technologies, a patent licensing company fending off a hostile C$480 million bid from rival Wi-Lan, voted on Thursday in favor of retaining a poison pill defense...
22 Sep 2011
Moody's Corp cut the debt ratings of Bank of America Corp, Wells Fargo & Co and Citigroup Inc on Wednesday, saying the U.S. government is getting less comfortable with bailing out large troubled lenders...
22 Sep 2011
AT&T Inc, Deutsche Telekom AG and T-Mobile USA have amassed an army of former senior government antitrust officials to try to save their $39 billion deal…
22 Sep 2011
Ambac Financial Group Inc has filed an amended bankruptcy plan after reaching a settlement with its Wisconsin regulator, which could avert a liquidation…
22 Sep 2011
United Technologies Corp has reached a $16.5 billion cash deal to acquire aircraft components maker Goodrich Corp, in what would be the diversified…
22 Sep 2011
U.S. futures regulators are yielding to banks and other major traders of commodities on several key provisions in a plan to crack down on speculation…
22 Sep 2011
Nippon Steel Corp and Sumitomo Metal Industries Ltd said on Thursday that stakeholders of Sumitomo would get 0.735 Nippon Steel shares for each Sumitomo share if they combine to create the world's No.2 steelmaker, in what would be Japan's biggest non-financial sector merger...
22 Sep 2011
German car maker BMW AG has launched syndication of a 6 billion euro loan that will refinance an $8 billion credit facility arranged in November 2005, the lead banks said in a statement on Thursday...
22 Sep 2011
Deutsche Telekom said it would return about 1.72 billion euros to shareholders by buying back 206,371 of its own shares...
22 Sep 2011
SABMiller's 6 billion pound bid for Australian brewer Foster's Group looks set for success as key shareholders backed the sweetened deal on Thursday with only an outside chance of a rival offer now posing a threat...
22 Sep 2011
The Gulf state of Qatar is in talks with BNP Paribas on taking a possible stake in France's biggest listed bank...
22 Sep 2011
Venezuela has proposed paying Exxon Mobil Corp. $1 billion in compensation for the nationalization of its assets in 2007, much less than the U.S. oil giant wanted...
22 Sep 2011
A $2.3 billion investment fund managed by bond giant Pacific Investment Management Co that is largely targeting distressed U.S. banks is trying to get regulatory approval for one of its first major transactions -- a deal involving a North Carolina community bank...
22 Sep 2011
Inpex Corp , Japan's top oil and gas developer, has won concession rights for the Babar Selaru oil and gas block in Indonesia's first upstream bidding round this year...
21 Sep 2011
Sudden price moves in the stock market are usually not caused by market makers backing away, and so should not be called "mini flash crashes," a top U.S…
21 Sep 2011
A U.S. judge set a Feb. 13 start for a trial over whether AT&T Inc can buy rival T-Mobile USA despite competitive concerns raised in a lawsuit by the Obama…
21 Sep 2011
For big hedge funds that throw themselves into large bankruptcies with an eye on outsized profits, the Chapter 11 case of Washington Mutual Inc…
21 Sep 2011
Regulators hashing out the details of a new ban on proprietary trading are wrestling with internal disagreements over how much leeway to give banks…
21 Sep 2011
France's competition regulator withdrew approval on Wednesday for pay-TV channel Canal+'s 2006 purchase of rival satellite operator TPS, on the grounds that…
21 Sep 2011
A bankruptcy judge in San Francisco has ruled that a trustee should oversee the Howrey bankruptcy…
21 Sep 2011
Barnes & Noble Inc, which won the customer information of its bankrupt competitor Borders Group Inc at auction, says it should not have to comply with certain…
21 Sep 2011
U.S. bankruptcy claims trading dropped sharply in August from the previous month due a decline of activity involving the Lehman Brothers Holding Inc bankruptcy…
21 Sep 2011
A former Goldman Sachs employee and his father were charged by U.S. regulators with insider trading related to confidential information about trading strategies for exchange-traded funds...
21 Sep 2011
Lehman Brothers Holdings Inc said it will drop its appeal of a bankruptcy court's ruling upholding Barclays Plc's purchase of Lehman's North American business in 2008 to avoid an unnecessary strain on its remaining assets...
21 Sep 2011
A senior U.S. securities official is recusing herself from any discussions on a new capital-raising strategy known as "crowdfunding," just one week after testifying…
21 Sep 2011
Struggling car maker Saab gained fresh breathing room in its fight for survival on Wednesday when it won a court appeal to be granted protection from creditors while it awaits Chinese investment...
21 Sep 2011
Brewing giant SABMiller agreed to buy Foster's Group for a sweetened price of A$9.9 billion on Wednesday after talks between the two last week ended in a couple of beers which sealed the deal this week...
21 Sep 2011
A decision on whether struggling carmaker Saab will be granted protection from its creditors will come on Thursday or Friday, a Swedish court official said on Wednesday...
21 Sep 2011
Tesco Plc , the world's third-biggest retailer, plans to float its property assets in Thailand as it looks to highlight the value of its international businesses to investors...
21 Sep 2011
Glam Media, a collection of highly curated blogs mainly centered around fashion, beauty and health, is acquiring Ning, the social media platform co-founded by Marc Andreessen...
21 Sep 2011
Rupert Murdoch's News Corp bought back more than $1 billion (635 million pounds) of its shares in the last month, according to a filing, as it seeks to improve relations with shareholders frustrated by what they say is the media company's unpredictable capital allocation strategy...
21 Sep 2011
United Technologies Corp is negotiating final terms of an all-cash acquisition of aerospace company Goodrich Corp with the goal of reaching a deal in the next couple of days...
21 Sep 2011
A unit of Banco do Brasil, the nation's biggest lender by assets, plans to raise 1 billion reais ($555 million) for a private equity fund focused on renewable energy projects, underscoring the search for high-yielding investments in the long term...
21 Sep 2011
Algeria's telecom ministry has not received a valuation of Orascom Telecom's mobile unit Djezzy, its single biggest source of revenue which has been locked in a dispute with Algeria over back taxes since 2009...
20 Sep 2011
Nebraska Book Co has delayed a hearing seeking court approval of its bankruptcy exit plan, saying it needs more time to secure $250 million in financing…
20 Sep 2011
Focus Financial Partners LLC plans to acquire a Boston-based brokerage firm with $1.3 billion in assets under management as the company expands…
20 Sep 2011
A former Silicon Valley sales manager was found guilty of conspiracy charges on Tuesday in connection with the U.S. government's crackdown…
20 Sep 2011
) UBS's $2.3 billion loss has uncovered a gap in the oversight of widely-used investment products which allow traders to hide their dealings and will take regulators…
20 Sep 2011
Reinsurer Transatlantic Holdings Inc (TRH.N) said it received a renewed buyout offer of $52 a share in cash from Warren Buffett's Berkshire Hathaway Inc…
20 Sep 2011
China's massive local government debt could lead to a new wave of consolidation among its enterprising city commercial banks after a similar crisis carved…
20 Sep 2011
Pfizer Inc said it will acquire Icagen Inc through a second-step merger as it now has sufficient voting power in the target…
20 Sep 2011
English Premier League soccer champions Manchester United have put immediate plans for a $1 billion flotation in Singapore on hold due to market volatility…
20 Sep 2011
The global aviation industry faces growing uncertainty over financing due to Europe's debt crisis and worries surrounding French banks, lenders and airlines were warned on Tuesday...
20 Sep 2011
A trade group representing community banks on Tuesday called for a moratorium on mergers involving banks with more than $100 billion in assets...
20 Sep 2011
Securities regulators have sent subpoenas to hedge funds and other trading firms as it probes possible insider trading before the U.S. government's long-term credit…
20 Sep 2011
Eight offshore banks around the world are under federal grand jury investigations for assisting U.S. citizens in tax evasion, the Department of Justice...
20 Sep 2011
Spain's sold 4.5 billion euros ($6.1 billion) in short-term debt on Tuesday, at the top end of its target, but its cost of borrowing jumped compared to sales in August...
20 Sep 2011
Bank of China, a big market-maker in China's onshore foreign exchange market, has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, three sources with direct knowledge of the matter told Reuters on Tuesday...
20 Sep 2011
An $80 million investment in a Chinese baby diaper producer normally wouldn't generate much buzz...
20 Sep 2011
UBS Chief Executive Oswald Gruebel will ask the Swiss bank's board to back a radical overhaul of its investment bank at a meeting in Singapore this week, after unauthorized trading caused a $2.3 billion (1.46 billion pound) loss...
20 Sep 2011
Sany Heavy Industry , China's largest construction machinery maker, aims to raise up to $3.3 billion in what could be Hong Kong's second-biggest stock offering this year, as it defies volatile markets to fund an expansion...
20 Sep 2011
Chesapeake Energy Corp, the second largest U.S producer of natural gas, said on Monday it formed an oilfield services subsidiary and named a former Boots & Coots executive as the new unit's chief executive officer...
19 Sep 2011
Jefferies Group Inc sued Nasdaq OMX Group Inc to recover tens of millions of dollars of alleged losses from being fraudulently induced to enter interest rate swap futures…
19 Sep 2011
Britain's market watchdog is turning up the heat on banks to check their compliance and controls systems after the $2.3 billion trading loss at UBS…
19 Sep 2011
The U.S. Securities and Exchange Commission has asked companies like Dow Chemicals, Fortune Brands, Caterpillar and CIT Group to disclose…
19 Sep 2011
James Brigagliano, a 25-year veteran of the U.S. Securities and Exchange Commission, is leaving the agency at the end of September to take a position with law…
19 Sep 2011
Over the last couple of months Bank of America has taken a stock market and regulatory beating so brutal that it's reportedly considering the previously unthinkable…
19 Sep 2011
The European Union's regulatory in-tray will get bigger in coming weeks as the bloc tries to nail down agreement on draft measures to curb short selling…
19 Sep 2011
Glencore boss Ivan Glasenberg has made another show of confidence in the commodity trader, buying almost 13.5 million pounds of shares to add…
19 Sep 2011
Hospital chain Fortis Healthcare (India) Ltd will buy Singapore-based sister firm Fortis Healthcare International in a move to bring all of the group's health businesses…
19 Sep 2011
Sany Heavy Industry (600031.SS), China's largest construction machinery maker, aims to raise up to $3.33 billion in what could be Hong Kong's No. 2 stock offering…
19 Sep 2011
Time Warner Cable has won U.S. antitrust approval to buy Insight Communications from the Carlyle Group CYL.UL, the Federal Trade Commission said…
19 Sep 2011
Financial firms would be restricted from betting against the bundled financial products they create and sell to investors, under a proposal issued by U.S. securities regulators on Monday...
19 Sep 2011
Samsung Electronics Co has filed a counter claim in an Australian court, accusing Apple of infringing its wireless patents related to the U.S. firm's iPhone and iPad…
19 Sep 2011
Consumer groups will try to convince the Federal Reserve this week that rubber stamping the Capital One Financial Corp takeover of ING Groep NV's…
19 Sep 2011
Diversified manufacturer Tyco International is moving to separate its businesses into three independent publicly traded companies, sending its shares up nearly 4 percent...
19 Sep 2011
The Securities and Exchange Commission filed an insider trading lawsuit in connection with the recent purchase of U.S. underwater oil services company Global Industries Ltd by France's Technip SA...
19 Sep 2011
The announcement comes after Netflix had to cut subscriber forecasts after it increased the monthly subscription for a joint streaming and DVD rental service by as much as 60 percent. The uproar among customers and bloggers has pushed shares of the company down nearly 50 percent since it announced the price increase on July 12...
19 Sep 2011
Swiss bank UBS has kicked off an internal investigation into the catastrophic failure of its risk systems after raising the amount it lost on rogue equity trades to $2.3 billion...
19 Sep 2011
Tighter takeover rules that came into effect on Monday have forced deadlines on a slew of would-be bidders for mostly small-cap companies...
19 Sep 2011
Credit Suisse said on Monday it has agreed to pay 150 million euros ($206 million) in Germany to end an investigation into employees of the Swiss bank by the public prosecutor's office in Duesseldorf concerning tax evasion...
19 Sep 2011
The Gulf state of Qatar is interested in buying a 7.5 percent stake in European aerospace and defence company EADS from Daimler...
18 Sep 2011
China's securities regulator is asking the government to clamp down on the controversial corporate structure used by companies such as Sina and Baidu to list overseas…
17 Sep 2011
The Los Angeles Dodgers have proposed an auction of the right to broadcast the baseball team's games in a bid to bring in billions of dollars to stabilize its finances…
16 Sep 2011
Alabama's Jefferson County voted on Friday to accept a provisional deal to settle its $3.14 billion sewer bond debt and avoid what would be the largest municipal…
16 Sep 2011
Pfizer Inc reported an increased stake in Icagen Inc, four days after announcing that it had extended its tender offer to buy the biotech firm for a final time…
16 Sep 2011
Private equity firm Five Mile Capital Partners LLC is in talks to buy bankrupt hotel operator Innkeepers USA Trust for $1 billion…
16 Sep 2011
From Google last month to tire-maker Bridgestone this week, companies have paid big money to avoid nasty fights with the government in U.S. courts…
16 Sep 2011
A Wall Street regulator said industry complaints about market manipulation and trade reporting have spiked this year, raising questions about the adequacy of banks…
16 Sep 2011
Bankers might always be a step ahead of supervisors when trading complex products, but new rules should mean shareholders not taxpayers pay for events such as…
16 Sep 2011
Accounting officials at the U.S. Securities and Exchange Commission requested more thorough disclosures from insurer MetLife in its annual report…
16 Sep 2011
Chinese clothing and footwear company Zungui Haixi Corp said on Friday that Canada's top securities regulator has started to investigate…
16 Sep 2011
Citibank has asked a bankruptcy court to appoint a trustee in the Howrey bankruptcy case as negotiations have broken down between the defunct law firm…
16 Sep 2011
U.S. private equity group Blackstone has bought European hotel chain Mint for a reported 600 million pounds in one of the biggest deals for…
16 Sep 2011
English Premier League football club Manchester United MNU.UL has received permission from the Singapore Exchange for a planned $1 billion listing…
16 Sep 2011
A ruling by a top Italian court will likely swell the ranks of local governments seeking a way out of derivatives contracts that have turned sour...
16 Sep 2011
) Swiss bank UBS is expected to shrink its investment bank business -- source of a $2 billion rogue trading loss -- and could fire senior executives as...
16 Sep 2011
Reinsurers Allied World Assurance Co Holdings Ltd and Transatlantic Holdings Inc called off their merger on Friday in the face of overwhelming opposition, leaving the fate of Transatlantic uncertain amid two larger, unsolicited offers...
16 Sep 2011
EU regulators are still undecided whether Google dominates in Internet search and if it has abused rivals in breach of competition rules, the EU's antitrust chief said on Friday...
16 Sep 2011
"Societe Generale private bank is cooperating with the Department of Justice with respect to the requests that have been made. Because of the ongoing investigation into this affair, we are not in a position to say anything else," a spokesman told Reuters...
16 Sep 2011
Defence companies BAE Systems and Babcock International and U.S. arms maker General Dynamics have approached the British government about buying the Defence Support Group (DSG) -- its armed forces equipment management unit.
16 Sep 2011
The planned listing of Spanish bank Santander's UK operations on the London Stock Exchange is likely to be delayed until 2013 at the earliest, the Financial Times said on Friday...
15 Sep 2011
JPMorgan Chase & Co was sued by Wells Fargo & Co, which seeks to force it to buy back more than 800 soured mortgage loans that it oversees…
15 Sep 2011
Canada's top securities regulator said on Thursday that it is altering the cease trade order on shares of Chinese forestry company Sino-Forest…
15 Sep 2011
The Dallas Stars hockey team filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Delaware on Thursday to facilitate a sale of the team to Vancouver…
15 Sep 2011
A fired
Solyndra worker was among the seven members appointed on Thursday to an official committee of unsecured creditors as part of the solar panel maker's…
15 Sep 2011
In the wake of the 2007-2009 recession, investors in the $3.7 trillion U.S. municipal bond market have been rattled by predictions of possible…
15 Sep 2011
Alabama's Jefferson County will decide on Friday whether to declare bankruptcy over its $3.14 billion bond debt and there are hints the outline of a deal with…
15 Sep 2011
The U.S. futures regulator, already behind schedule on completing new financial reform measures, said it canceled next Thursday's meeting…
15 Sep 2011
Hewlett-Packard Co and top executives misled investors for months before unveiling a series of major decisions, such as the demise of the TouchPad…
15 Sep 2011
An auction of various pieces of intellectual property of bankrupt bookseller Borders Group Inc on Thursday raised $15.8 million, according to Hilco…
15 Sep 2011
Tire and rubber giant Bridgestone Corp has agreed to plead guilty to bribing Latin American officials and bid rigging, and to pay a $28 million fine…
15 Sep 2011
U.S. securities and futures regulators will see large budget increases to help them implement sweeping new financial regulations…
15 Sep 2011
Barclays Capital is close to selling its majority stake in Britain's University Partnerships Program, in a deal that could be worth close to 1 billion…
15 Sep 2011
Blackstone Group is expected to sell its 50 percent equity stake in London's Broadgate development for up to 600 million pounds in 2012…
15 Sep 2011
Sinohydro Group Ltd, the builder of the Three Gorges Dam, will begin a roadshow for its planned $2.7 billion initial public offering in Shanghai…
15 Sep 2011
Australia's government on Thursday unveiled laws allowing lenders to issue covered bonds for the first time, hoping to help counter mounting financial…
15 Sep 2011
Embattled miner Silvercorp, caught in a maelstrom of anonymous fraud allegations, said on Thursday it is pushing ahead with a share repurchase plan, and paid an average C$7.97 a share in the buyback...
15 Sep 2011
A past practice of destroying certain pre-investigative materials has not harmed any current or future investigations by the Securities and Exchange Commission…
15 Sep 2011
Global regulators have revised their rules so they can more easily track down commodity market abuses that cut across national borders...
15 Sep 2011
The Securities and Exchange Commission officials are in advanced talks with Citigroup to settle civil charges related to a $1 billion mortgage-bond deal called Class V Funding III, the Journal said...
15 Sep 2011
Infosys Technologies is close to acquiring Thomson Reuters' healthcare business for $700-$750 million, the Business Standard newspaper reported...
15 Sep 2011
The company, which had postponed a roadshow to attract potential investors early this month, could go ahead with the presentations by mid-October, sources told the NY Times...
15 Sep 2011
UBS said a trader had lost about $2 billion (1.3 billion pounds) in unauthorised dealing and warned it might post a loss in the third quarter, a huge blow as the Swiss bank struggles to rebuild its credibility after years of crises...
15 Sep 2011
Airport operator BAA said it will seek a judicial review of a competition authority ruling requiring it to sell off London Stansted airport and one of its Scottish hubs...
15 Sep 2011
Jyoti Structures Ltd said on Thursday it acquired a 50 percent stake in Lauren Engineers and Constructors India Pvt Ltd, a unit of engineering, procurement and construction firm Lauren Engineers and Constructors Inc...
15 Sep 2011
A pension fund representing U.S. government employees has filed a shareholder proposal to strip Goldman Sachs Group Inc Chief Executive Lloyd Blankfein of his other post as chairman...
15 Sep 2011
China-focused miner Silvercorp dismissed short-seller allegations of fraud on Wednesday, and said regulators needed new rules to cope with what it described as "short and distort" schemes designed to drive share prices lower...
14 Sep 2011
Chinese regulators might block plans by Fuji Heavy Industries to make Subaru vehicles in China with Chery Automobile because of potential conflicts with Beijing's industry policy, the Shanghai Securities News reported on Thursday...
14 Sep 2011
Three years after its collapse, Lehman Brothers is still stuck in bankruptcy court -- but three years is not as long as it sounds, says the failed investment bank's…
14 Sep 2011
Bank of America Corp must reinstate a Countrywide whistle-blower fired shortly after the two companies merged in 2008 and pay the employee $930,000…
14 Sep 2011
Tang Jianhui is a patient bank customer, though he won't stick it out if he has to wait more than an hour, as he sometimes does...
14 Sep 2011
An SAP AG subsidiary pleaded guilty to 12 criminal counts and will pay a $20 million fine for unauthorized downloads from software rival Oracle Corp...
14 Sep 2011
HSBC Holdings Plc has for now been dropped from an investor lawsuit accusing it of conspiring to drive down silver prices, leaving JPMorgan Chase & Co…
14 Sep 2011
Dell Inc said its board authorized the repurchase of an additional $5 billion of its shares, a month after the world's No. 2 PC maker slashed its 2012 sales forecast…
14 Sep 2011
A bankruptcy judge has denied Lehman Brothers Holdings Inc's attempt to recover from Barclays Plc $500 million it alleges was supposed to go toward employee…
14 Sep 2011
European Union supervisors will get new powers to probe trading systems on spot commodity markets as part of wider efforts to curb price manipulation…
14 Sep 2011
Internal strife at the U.S. Commodity Futures Trading Commission over how to craft a workable rule to crack down on speculation in oil markets…
14 Sep 2011
The main U.S. auditor watchdog group said it has reached an agreement to resume joint inspections of audit firms in Norway…
14 Sep 2011
Toymaker Jakks Pacific said it will need time to respond to Oaktree Capital Management's $670 million buyout offer, though most analysts believe…
14 Sep 2011
Lehman Brothers Holdings Inc. is now three-for-three in its effort to claw back bonuses that were paid in advance to brokers before the Lehman collapse…
14 Sep 2011
A hostile bidder is trying for a poison-pill knockout. The controversial takeover defense was left on the ropes earlier this year when a Delaware judge…
14 Sep 2011
BR Properties, Brazil's largest commercial real estate developer, agreed on Wednesday to buy rival WTorre Properties, growing by another leap as…
14 Sep 2011
Yahoo Inc shareholder Daniel Loeb appealed to the company's co-founder Jerry Yang to fire Chairman Roy Bostock and several other directors to revive…
14 Sep 2011
Citic Securities Co Ltd, China's largest publicly traded brokerage, signed up seven cornerstone investors for its up to $2 billion Hong Kong listing…
14 Sep 2011
Reinsurer Validus Holdings increased the pressure on its target Transatlantic Holdings on Wednesday, filing paperwork with regulators to…
14 Sep 2011
Hertz Global Holdings Inc was left the sole suitor for smaller rival Dollar Thrifty, after Avis Budget Group dropped out of the race, in a 17-month long bidding war...
14 Sep 2011
Google Inc raised its offer for Motorola Mobility Holdings Inc by 33 percent to $12.5 billion over two weeks of negotiations between the two companies…
14 Sep 2011
Oil explorer Cairn India said on Wednesday it had received approval from its shareholders to accept conditions imposed by the government necessary to clear Vedanta Resources' deal to buy a 40 percent stake in the company...
14 Sep 2011
European Union regulators followed their U.S. counterparts on Wednesday by looking into "empty voting," a tactic used by activist hedge funds and other investors to influence company meetings...
14 Sep 2011
The European Commission will present options soon for the introduction of euro area bonds, Commission President Jose Manuel Barroso said on Wednesday, but warned it would not put an end to a debt crisis that threatens the economic and political future of Europe...
13 Sep 2011
Washington Mutual Inc's (WAMUQ.PK) plan to pay more than $7 billion to creditors and exit bankruptcy was rejected by a judge who ordered the company's…
13 Sep 2011
The BRICS major emerging economies are in preliminary talks on increasing their holdings of euro-denominated bonds to help ease Europe's debt crisis, a senior Brazilian government official told Reuters on Tuesday...
13 Sep 2011
International alarm over Europe's debt crisis hit new heights on Tuesday, with U.S. President Barack Obama pressing the bloc's big countries to show leadership as talk of a Greek default escalated and markets heaped pressure on Italy...
13 Sep 2011
The top U.S. securities regulator has formed an advisory panel of fast-growing companies and venture capital funds as it reviews whether it needs to update rules on…
13 Sep 2011
China's banking regulator has told banks to guard against risks from the popular person-to-person (P2P) platforms that have been suspected of channelling bank credit…
13 Sep 2011
Inner City Media Corp, the holding company for the owner of New York City's WLIB and WBLS radio stations, said it has reached a deal with senior lenders…
13 Sep 2011
General Electric Co said on Tuesday it would buy back Berkshire Hathaway Inc's preferred stake in the largest U.S. conglomerate…
13 Sep 2011
U.S. regulators appear to be on strong footing in a legal battle over a Chinese auditor's work papers, though their ability to act may have limits…
13 Sep 2011
Moore Capital Management LP, a hedge fund firm that paid a $25 million regulatory fine to settle market manipulation claims, won on Tuesday the dismissal of…
13 Sep 2011
The largest banks and financial firms will submit blueprints for their dismantling in the event of failure to U.S. regulators by the middle of next year, with later deadlines for smaller institutions...
13 Sep 2011
The board of News Corp knew more than 10 years ago that the company's U.S. subsidiaries were illegally hacking competitors' computers, according to a revised lawsuit filed by shareholders on Tuesday...
13 Sep 2011
Cash-strapped car maker Saab's first bankruptcy hearing will be on September 26, a district court said on Tuesday...
13 Sep 2011
Australia's corporate watchdog has launched an insider-trading probe into several executives of private Chinese firm Hanlong Mining...
13 Sep 2011
Brookfield Asset Management (BAMa.TO) said it will merge the power generating assets of one of its units with Brookfield Renewable Power Fund…
13 Sep 2011
Pfizer Inc said it was extending its tender offer for Icagen Inc for the final time till September 19 -- its third extension since…
13 Sep 2011
SAP AG has agreed to pay $20 million to resolve a criminal probe into allegations that it downloaded millions of files from rival Oracle…
13 Sep 2011
Hewlett-Packard has extended the deadline for its $11.2 billion takeover offer for British software company Autonomy to October 3 after gaining acceptances from only 41.6 percent of shareholders at the first closing date...
13 Sep 2011
France's Casino has tightened its grip on Brazil's top retailer, Grupo Pao de Acucar (GPA) , after its main shareholder, Rallye , bought 3.3 million preferred GPA shares and 4 million call options last month...
13 Sep 2011
Warren Buffett advanced his succession plan on Monday by naming Ted Weschler, a low-profile hedge fund manager who has produced out-sized returns in the last decade, to help manage the investments of Berkshire Hathaway Inc...
12 Sep 2011
Coca-Cola Enterprises Inc (CCE.N), Western Europe's biggest Coke bottler, approved a share buyback program of up to $1 billion…
12 Sep 2011
U.S. securities regulators told lawmakers on Monday that budget constraints will make it hard for them to implement organizational changes that…
12 Sep 2011
A German supervisor approved Boerse AG's planned $9 billion buyout of NYSE Euronext, the companies said on Monday, marking another…
12 Sep 2011
Prosecutors asked a judge on Tuesday to imprison a Taiwan-born former technology company consultant for as long as 8 to 10 years as part of a U.S. crackdown…
12 Sep 2011
The Dallas Stars hockey team plans to file for bankruptcy this week with a proposal for a quick sale to a Canadian businessman for about $230 million…
12 Sep 2011
Britain's banks face some of the world's toughest regulations under reforms outlined on Monday that require them to insulate their retail lending activities…
12 Sep 2011
Canadian regulators have announced that they are seeking information from the author of an anonymous letter accusing China-focused miner Silvercorp…
12 Sep 2011
Deutsche Boerse (DB1Gn.DE) said on Monday it had received approval for its $9 billion acquisition of NYSE Euronext (NYX.N) from Germany's…
12 Sep 2011
The Federal Reserve has asked Capital One Financial Corp (COF.N) to provide more information about its proposed acquisition of ING Groep NV's…
12 Sep 2011
Saab lurched further into crisis on Monday as two of the cash-strapped Swedish car maker's own unions served bankruptcy applications despite…
12 Sep 2011
The Municipal Securities Rulemaking Board said on Monday it has withdrawn proposed rules on advisers to states, cities and others…
12 Sep 2011
U.S. group Colfax is to buy British toolmaker Charter International for an agreed 1.53 billion pounds in cash and shares, after beating off rival bidder Melrose…
12 Sep 2011
McGraw-Hill Cos Inc plans to split into two public companies, with one holding its Standard & Poor's ratings and index businesses…
12 Sep 2011
Chipmaker Broadcom Corp plans to buy NetLogic Microsystems Inc for about $3.7 billion to expand its lineup of chips used in wireless network equipment…
12 Sep 2011
Societe Generale said it would cut costs and sell assets to free up 4 billion euros in fresh capital on Monday, although the surprise move…
12 Sep 2011
In August, Wi-Lan made an unsolicited cash offer to buy its fellow Canadian patent company...
12 Sep 2011
(Reuters) A bankruptcy judge has approved the sale of substantially all of catalog and internet retailer Signature Styles LLC's assets to Artemiss LLC, court documents show...
12 Sep 2011
(Reuters) India's Multi Commodity Exchange, the country's biggest commodity bourse by turnover, plans to list "sooner rather than later," after it got a regulatory nod for an initial share sale, a top executive said on Monday...
12 Sep 2011
"Assuming some relatively worse case developments, it appears that Citigroup and JP Morgan Chase are at risk to the developments in Europe. No other American institution is," Bove wrote in a note...
12 Sep 2011
For cash-strapped Europe, China is an appealing source of financing. But the response to an attempt by a Chinese businessman to open a leisure resort in Iceland suggests growing suspicion…
11 Sep 2011
Capital One was pressed by the Fed in an August 29 letter for details about "the nature and dollar volume" of financial activities in which both companies are involved, the Journal said...
11 Sep 2011
Saudi Arabian construction company Saudi Oger, said on Sunday it has mandated banks to arrange its first loan to be run by non-Saudi institutions…
9 Sep 2011
Bank of Nova Scotia said it will buy a near 20 percent stake in Bank of Guangzhou for about C$719 million, to expand its footprint in China…
9 Sep 2011
The European Commission will not impose serious anti-trust restrictions on the $9 billion merger between Deutsche Boerse and NYSE Euronext…
9 Sep 2011
Frac Tech International wants to raise up to $1.15 billion in an initial offering of stock that will give investors a chance to back the booming development of oil and gas…
9 Sep 2011
Sumitomo Trust and Banking Co has hired Goldman Sachs and UBS as joint global coordinators to manage the around $1 billion initial public offering…
9 Sep 2011
Former directors of a Lehman Brothers Holdings Inc affiliate are objecting to the proposed release of $90 million in insurance funds to settle an investor…
9 Sep 2011
The Securities and Exchange Commission (SEC) has asked a federal court to force a Chinese unit of accounting giant Deloitte & Touche…
9 Sep 2011
Larry Ellison and Larry Page, the chief executives of Oracle Corp and Google Inc, must attend mediation in a potential billion dollar patent case…
9 Sep 2011
AT&T Inc and T-Mobile USA fought back against the Justice Department's challenge to their proposed merger, arguing the deal would…
9 Sep 2011
Apple Inc scored a symbolic legal victory in efforts to keep its lead spot in the tablet computer market when a German court upheld a ban…
9 Sep 2011
.S. regulators are increasingly taking a tougher stand on foreign takeovers in the defense sector to protect technology designed to deal with the growing…
9 Sep 2011
Institutional investors have filed a lawsuit seeking 1.1 billion euros from Porsche and Volkswagen, alleging market manipulation…
9 Sep 2011
U.S. regulators are close to an agreement with Fannie Mae and Freddie Mac to settle a case over disclosing their exposure to risky subprime loans…
9 Sep 2011
China's central bank chief poured cold water on Thursday on talk that Beijing could make the yuan fully convertible as soon as 2015…
8 Sep 2011
An appeals court handed President Barack Obama another victory for his signature healthcare law on Thursday, rejecting challenges by the state of Virginia…
8 Sep 2011
The top lawyer at the Securities and Exchange Commission this week ordered the enforcement division to cease destroying all investigative records…
8 Sep 2011
Alexander Gallo Holdings LLC, one of the largest U.S. providers of litigation services, plans to sell its business to an investment firm after a sharp drop in sales…
8 Sep 2011
Cumulus Media Inc will sell three radio stations in two states in order to win antitrust approval to buy Citadel Broadcasting Corp…
8 Sep 2011
Wells Fargo & Co won a court ruling denying class-action status to more than 1 million black and Hispanic borrowers in a lawsuit accusing it of discriminating…
8 Sep 2011
Nasdaq OMX has intensified its opposition to the planned tie-up of NYSE Euronext and Deutsche Boerse, saying the deal would "irrevocably destroy" competition…
8 Sep 2011
SAP AG agreed to plead guilty to unspecified charges in a criminal case involving unauthorized access to computers maintained by software rival Oracle Corp…
8 Sep 2011
Google Inc has bought Zagat, the popular restaurant recommendations and ratings authority, to expand its local content in the niche marketplace…
8 Sep 2011
Ailing carmaker Saab was pushed closer to bankruptcy on Thursday after a Swedish court rejected its application for protection from creditors…
8 Sep 2011
Fitch Ratings warned on Thursday that it might downgrade the credit rating of China within two years and there was a greater than even chance of a downgrade of Japan's credit status...
8 Sep 2011
Brewer SABMiller is set to launch its formal takeover for Foster's Group within days after an Australian regulator rejected its claim that Foster's…
8 Sep 2011
Apple is seeking to ban sales of some Samsung Electronics gadgets in Japan, accusing its rival of violating patents relating to the iPhone and iPad…
8 Sep 2011
U.S. investigators probing the alleged manipulation of interbank lending rates are now focusing on possible violations of a commodities law…
8 Sep 2011
Singapore Exchange's coup in luring Manchester United to the city is threatening to turn sour as the bourse comes under fire for plans to let the club list using a structure that will minimise the influence of new shareholders...
8 Sep 2011
Top banks benefited from an implicit 45 billion pounds taxpayer subsidy last year due to ongoing state support which makes them "too big to fail," the New Economics Foundation (NEF) think-tank said in a report...
8 Sep 2011
HTC Corp has extended its lawsuit against Apple Inc to include nine more patents the Taiwanese firm acquired from Google Inc last week, underscoring intensifying legal actions between the Google camp and Apple...
8 Sep 2011
Amazon would delay collecting taxes until September next year, the paper said, citing multiple sources directly involved in the matter...
8 Sep 2011
Hitachi Ltd said on Thursday it has bought struggling California-based network storage company BlueArc Corp in an all-cash transaction…
7 Sep 2011
China on Thursday will give its formal support for London to become an offshore trading centre for the yuan, the Financial Times said, a move that would tap into the city's position as a major currency and commodities trading hub...
7 Sep 2011
There are few surer ways for an executive to lose a good reputation than to be CEO of Yahoo Inc. Just ask Carol Bartz or Terry Semel...
7 Sep 2011
National Australia Bank's <NAB.AX> potential exit from Britain through the sale of its UK operations is not imminent, The Australian Financial Review reported on Thursday citing sources close to the bank...
7 Sep 2011
A Manhattan federal judge rejected HSBC Holdings Plc's proposed $62.5 million settlement with investors in an Irish fund that lost money…
7 Sep 2011
By suing 131 individuals in its effort to recover losses on $200 billion of mortgage debt that went sour, the federal agency overseeing mortgage giants Fannie Mae…
7 Sep 2011
A lawsuit accusing several mortgage lenders of fraud over home loans maintained within the industry's private electronic database cannot proceed…
7 Sep 2011
Old Mutual Asset Management, a subsidiary of London-based investment company Old Mutual PLC, is in talks to sell its $2.3 billion U.S. mutual fund business…
7 Sep 2011
The white flag waved in court by the U.S. Securities and Exchange Commission may hurt the agency more than shareholders…
7 Sep 2011
Top Procter & Gamble Co executives can expect to be peppered with questions about an impending restructuring when they speak with investors at a major industry conference on Thursday…
7 Sep 2011
Lehman Brothers Holdings Inc -- whose North American business was taken over by Barclays Plc in 2008 -- has asked a U.S. judge on Wednesday to force the British bank to pay it back $500 million…
7 Sep 2011
NewPage Corp, the biggest maker of magazine paper in North America, filed for bankruptcy on Wednesday, succumbing to falling demand as advertisers and readers move online…
7 Sep 2011
Guy Hands's private equity firm Terra Firma has asked British courts for documents it could use to challenge the process by which it lost music group EMI to Citigroup…
7 Sep 2011
Bankrupt pizza chain Sbarro Inc can move forward with an attempt to sell itself out of bankruptcy, reaching agreements with creditors…
7 Sep 2011
The patent reform bill the Senate will likely vote on later this week isn't exactly an overhaul. But the pending legislation is a step toward modernizing patent rules…
7 Sep 2011
Sweden's Saab sought court protection from creditors on Wednesday to avoid being pushed into bankruptcy in a worsening of a crisis which it hopes will be solved by Chinese investment…
7 Sep 2011
Encana Corp said it agreed to sell some natural gas midstream assets in Colorado for about $590 million and would likely notch more sales in Canada as it looks to cash in on the strong demand for such assets in North America…
7 Sep 2011
Mosaid Technologies on Wednesday asked shareholders to reject a hostile, C$480 million takeover bid from WiLan Inc after the patent licensing company's board said the offer was inadequate…
7 Sep 2011
Solyndra LLC, a solar panel maker that received $535 million in federal loan guarantees, filed for bankruptcy, the third U.S. solar firm to succumb to pressure from Chinese rivals in recent weeks.
7 Sep 2011
Chinese online business-to-consumer retailer Jingdong Mall kicks off its U.S. IPO process next week, aiming to raise $4-5 billion in what could be the biggest-ever internet IPO in the United States…
7 Sep 2011
Former BP boss Tony Hayward has returned to the oil business with an agreement to acquire Turkish explorer Genel Energy…
7 Sep 2011
General Electric Co said it would "vigorously contest" a lawsuit by the Federal Housing Finance Agency…
7 Sep 2011
Officials at the U.S. Securities and Exchange Commission have made inquires with firms that trade exchange-traded funds to assess if they had added to market volatility in August…
7 Sep 2011
New York prosecutors are widening their probe into the manner in which Goldman Sachs marketed certain mortgage-linked securities before the financial crisis…
7 Sep 2011
Market players are sanguine about draft European Union rules to adopt position limits on commodity trading because they allow flexibility…
7 Sep 2011
MBIA Inc and two top executives agreed to a $68 million cash settlement of lawsuits accusing the bond insurer of misleading investors about its exposure to risky residential mortgage debt…
7 Sep 2011
U.S. securities regulators are soliciting comments to help them as they embark on a broad review to determine whether existing regulations may be placing undue burdens on American businesses…
7 Sep 2011
The U.S. Federal Housing Finance Agency said on Tuesday it decided to file lawsuits against 17 financial institutions last week because the firms misrepresented the mortgages in securities filings…
7 Sep 2011
The U.S. Securities and Exchange Commission will not challenge an appeals court decision striking down the agency's rule to make it easier for shareholders to nominate directors to corporate boards…
7 Sep 2011
ConocoPhillips will divulge more details on Wednesday about its plan to split in two and analysts say the focus will likely be on its chemical joint venture, Canadian oil sands assets and pipelines…
7 Sep 2011
Indian auto parts maker Tata AutoComp Systems has withdrawn its sale document to raise at least $245 million through an initial public offering of shares due to poor market conditions…
7 Sep 2011
Sunoco Inc plans to end nearly 120 years in the U.S. refining business, selling its two remaining plants as higher crude prices and slumping demand squeezed profits in the latest restructuring of the sector.
7 Sep 2011
Archstone has received bids from four large names in the real estate industry but the bids are not high enough to seal a deal…
7 Sep 2011
Germany's highest court said on Wednesday that parliament must have a bigger say in euro zone rescue packages, in a landmark ruling that may make it more difficult for Europe to respond swiftly in delivering aid to crisis-hit member states...
7 Sep 2011
Private equity company Carlyle Group filed for an IPO on Tuesday, a long-awaited move to catch up with rivals Blackstone, KKR and Apollo, but the volatility of global markets means an offering is unlikely until the first half of 2012...
7 Sep 2011
Europe's banks are facing more government-prescribed mergers and further measures to strengthen capital, as the region's inability to end its debt crisis makes investors wary of shoveling more money into lenders...
7 Sep 2011
Tony Hayward, who stepped down as BP boss in the wake of the Gulf of Mexico oil spill, will imminently seal his return to the oil industry, by buying into Turkey's Genel Enerji, in a deal valuing the target at around $4 billion...
7 Sep 2011
The Philippines' MacroAsia Corp said on Wednesday its joint investments with China's Jinchuan Group Ltd in a nickel mine in southwestern Palawan province may reach $1 billion...
7 Sep 2011
AT&T Inc can lower the price it pays for T-Mobile USA Inc if the remedies requested by regulators become too expensive...
7 Sep 2011
Glencore, the world's largest commodity trader, has almost doubled its stake in takeover target Optimum Coal Holdings to 23.9 percent, and sources said shareholders had promised to sell much more...
6 Sep 2011
The European Commission has no objections to the acquisition of parts of German landesbank WestLB by Helaba…
6 Sep 2011
The upscale Doral Golf Resort & Spa in Miami, Florida -- one of five bankrupt hotels owned partly by hedge fund Paulson & Co -- has received a minimum bid of $170 million in bankruptcy court…
6 Sep 2011
Switzerland is set to partially meet a U.S. ultimatum and deliver an estimate of the amount of assets held by U.S. residents in secret accounts at Swiss banks, possibly up to $30 billion…
6 Sep 2011
Delaware's Supreme Court has ruled that a creditor does not have standing to sue a limited liability company's directors for rendering the business insolvent and unable to pay its debt…
6 Sep 2011
A former vice president for Citigroup Inc pleaded guilty on Tuesday to embezzling more than $22 million from the company and funneling the money to his personal bank account…
6 Sep 2011
Sprint Nextel sued to block AT&T Inc's $39 billion purchase of T-Mobile USA saying the deal would lead to higher prices for consumers and create a duopoly…
6 Sep 2011
International Paper Co sealed a $3.7 billion deal to buy rival Temple Inland Inc by raising its offer 5 percent, cementing its position as the leader of the North American corrugated packaging market…
6 Sep 2011
Dell Inc plans to partner with China's top search engine Baidu Inc to develop tablet computers and mobile phones, targeting the Chinese market now dominated by Apple Inc and Lenovo devices…
6 Sep 2011
Tata Consultancy Services, India's biggest software services exporter, has put in a $500-million bid to buy a controlling stake in the information technology unit of German flagship airline Lufthansa, the Economic Times reported on Tuesday...
6 Sep 2011
Glencore, the world's largest commodity trader, said on Tuesday that it had almost doubled its stake in South African takeover target Optimum Coal to 23.9 percent…
6 Sep 2011
State-run explorer Oil and Natural Gas Corp has filed the prospectus for its follow on public offer with the markets regulator on Monday, the company said in a statement on Tuesday…
6 Sep 2011
Carl Huttenlocher, former Asia head of JPMorgan Chase & Co's Highbridge Capital, has delayed the September 1 launch of his hedge fund Myriad because of a regulatory review…
6 Sep 2011
In June, Reuters reported that Carlyle was moving closer to an initial public offering and could raise around $1 billion...
6 Sep 2011
The 10.2 billion pounds ($16 billion) that British companies spent on acquisitions outside the country in the last quarter was the second highest since early 2008, boosted by mergers and acquisition (M&A) activity in the energy sector, official data showed on Tuesday...
6 Sep 2011
Consumer complaints about banks and other financial companies soared in the first six months of the year, driven by widespread disputes over controversial loan repayment insurance, the financial ombudsman said...
6 Sep 2011
(Reuters) Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported on Tuesday...
5 Sep 2011
Commodities trader Glencore has signed its first contract to deliver fuels to Libya's interim council, industry sources said, in a further sign that rival Vitol is losing its position as top supplier to rebels that are now interim leaders...
4 Sep 2011
Securities packaged by Deutsche Bank are among half a dozen deals being examined by Britain's Serious Fraud Office (SFO),the Financial Times reported on Monday...
4 Sep 2011
Colfax Corp <CFX.N> said Sunday it is "in preliminary discussions" with Charter International <CHTR.L> about making an all-cash offer for the maker of welding tools and gas and air handling equipment...
4 Sep 2011
A consortium that included the Chinese government was the biggest buyer of a 5 percent stake in China Construction Bank Corp sold last month by Bank of America, the Financial Times reported on Sunday...
4 Sep 2011
Italy's chaotic efforts to pass a new austerity plan already included disputed figures, policy U-turns and cabinet rows even before Silvio Berlusconi's latest brush with scandal added prostitutes and wiretaps to the mix...
4 Sep 2011
The United States has written to Switzerland to demand it hands over detailed information this week on its citizens using Swiss accounts to dodge tax or see Credit Suisse and nine other banks face charges, newspapers reported on Sunday...
4 Sep 2011
(Reuters) Deutsche Telekom AG could miss out on a multi-billion dollar break fee if regulatory hurdles cause the failure of its $39 billion deal to sell T-Mobile USA to AT&T, a person familiar with the matter said...
2 Sep 2011
Liz Claiborne Inc (LIZ.N) said it would sell its money losing international Mexx business to a joint venture with Gores Group LLC…
2 Sep 2011
Ambac Financial Group Inc will pay New York City $3.2 million to resolve tax claims by the city's taxing authority, avoiding potentially crippling liability…
2 Sep 2011
U.S. securities regulators have taken the unprecedented step of asking high-frequency trading firms to hand over the details of their trading strategies, and in some cases, their secret computer codes...
2 Sep 2011
AT&T Inc is expected to soon present a proposed solution to U.S. antitrust regulators to salvage its planned $39 billion acquisition of smaller rival T-Mobile USA…
2 Sep 2011
The block on AT&T's $39 billion purchase of T-Mobile USA is a grim reminder of the need to do anti-trust homework on deals in mature, slow growth telecoms markets and could put some European players off their takeover plans…
2 Sep 2011
The London Stock Exchange is in talks to buy clearing house LCH.Clearnet, a deal seen as critical for LSE Chief Executive Xavier Rolet after his failed attempt to take control of Canadian exchange operator TMX…
2 Sep 2011
Brewer SABMiller believes claims made by Australian target Foster's, for which it has made a hostile A$9.5 billion ($10.2 billion) offer, were "misleading and deceptive"…
2 Sep 2011
An ex-employee of insurer Kingsway Financial Services and her son agreed to pay over C$1 million ($1.02 million) in a settlement over insider trading and illegal tipping charges…
2 Sep 2011
U.S. securities regulators have taken the unprecedented step of asking high-frequency trading firms to hand over the details of their trading strategies, and in some cases, their secret computer codes…
2 Sep 2011
The agency that oversees U.S. mortgage markets is preparing to file suit against more than a dozen big banks, accusing them of misrepresenting the quality of mortgages they packaged and sold during the housing bubble…
2 Sep 2011
The U.S. futures regulator said on Thursday it will vote next week on a pair of proposals outlining when the market would have to comply with new oversight steps for the swaps market…
2 Sep 2011
Canadian technology licensing company WiLan Inc said on Friday it had begun its patent infringement cases against Apple Inc, Dell, Hewlett-Packard and six other companies…
2 Sep 2011
Global brewer SABMiller, embroiled in a $10 billion (6.2 billion pounds) battle to take over Foster's Group, has asked Australia's Takeovers Panel to examine financial statements made by Foster's that it claims are "misleading and deceptive."...
1 Sep 2011
The agency that oversees U.S. mortgage markets is preparing to file suit against "more than a dozen" big U.S. banks, accusing them of misrepresenting the quality of mortgages they packaged and sold during the housing bubble, the New York Times reported on Thursday...
1 Sep 2011
GlaxoSmithKline <GSK.L> has taken a group of private equity funds and strategic bidders through to a second round of the sale of its non-core over-the-counter products, the Financial Times reported on Friday...
1 Sep 2011
The global economy faces risks from both slowed growth and persistent inflationary pressure, which is spilling over from emerging to advanced economies, Ma Delun, a vice-governor at China's central bank, said in comments reported on Friday...
1 Sep 2011
The London Stock Exchange <LSE.L> has made a bid for a majority stake in LCH.Clearnet, the Financial Times reported on Friday...
1 Sep 2011
Hostess Brands Inc, a U.S. wholesale baker that emerged from bankruptcy protection two years ago, has again hired restructuring advisers…
1 Sep 2011
Oracle Corp suffered a significant setback as a federal judge discarded its $1.3 billion jury verdict against SAP AG, paving the way for a possible…
1 Sep 2011
A federal judge, who had been critical of the Justice Department deal to allow Comcast Corp to buy NBC Universal, signed off on the transaction on Thursday…
1 Sep 2011
The U.S. Federal Reserve ordered Goldman Sachs Group Inc to hire a consultant to review practices of a former mortgage subsidiary…
1 Sep 2011
Anglo Irish Bank asked a U.S. bankruptcy court on Wednesday to deny its former chief executive David Drumm a discharge under United States bankruptcy laws as it seeks to recover debts of nearly $11 million from its former CEO…
1 Sep 2011
Hundreds of businesses crawling out of bankruptcy in the hands of hedge funds and other financial owners are hanging the "for sale" sign on their doors...
1 Sep 2011
Pfizer Inc said it extended its tender offer for Icagen Inc by 24 hours, to midnight Eastern Time Thursday...
1 Sep 2011
U.S. securities regulators voted to seek public comment on whether to write new rules to better address the risks posed by mutual funds, exchange-traded funds and other investment companies that use derivatives…
1 Sep 2011
Credit card company Discover Financial Services (DFS.N) said it is buying $2.5 billion of private student loans from Citigroup Inc…
1 Sep 2011
EU regulators are examining whether a combined Deutsche Boerse and NYSE Euronext would block the entry of players such as BATS Europe…
1 Sep 2011
The Justice Department made a bold move when it sued to block AT&T Inc's $39 billion acquisition of T-Mobile. Now comes the hard part: going to court…
1 Sep 2011
South Africa's Optimum Coal confirmed on Thursday a consortium including a unit of commodity trading giant Glencore, and prominent local politician-turned tycoon Cyril Ramaphosa was interested in buying it for about $1 billion…
1 Sep 2011
Several investment banks have approached Fiat SpA in recent weeks with a proposal to list legendary sports car maker Ferrari on the Hong Kong stock exchange…
1 Sep 2011
Struggling German energy group RWE may follow Vattenfall's lead and sell its Polish businesses, lured by the hefty price its Swedish rival secured and a potentially long queue of bidders…
1 Sep 2011
AuRico Gold is having a difficult time escaping the image of being a miner more prone to delivering disappointment than gold bars…
1 Sep 2011
U.S. IT company IBM is buying Toronto-based risk analytics software firm Algorithmics for $387 million in cash…
1 Sep 2011
Canadian patent licensing firm Mosaid Technologies bought Luxembourg-based Core Wireless Licensing S.a.r.l in a deal that adds nearly 2000 telecom and wireless patents to its portfolio…
1 Sep 2011
Oilfield products company Forum Energy Technologies Inc filed with regulators to raise up to $300 million in an initial public offering of its common stock…
1 Sep 2011
Tokyo Electric Power may sell about 200 billion yen's ($2.6 billion) worth of shares in KDDI back to the telecommunications company to help pay compensation to victims of its Fukushima nuclear crisis, Jiji news agency reported without citing sources...
1 Sep 2011
Specialty chipmaker Zarlink Semiconductor may have what it takes to tempt new takeover offers as it fights a hostile C$550 million bid from Microsemi Corp…
1 Sep 2011
Goldman Sachs and two other firms have agreed with the New York banking regulator to end the practice known as robo-signing, in which bank employees signed foreclosure documents without reviewing case files as required by law, the Wall Street Journal said.
1 Sep 2011
Beijing plans to restructure its $300 billion sovereign wealth fund, China Investment Corporation (CIC) , by spinning off its domestic investment arm, among other changes…