NEWS
April 2012
30 Apr 2012
The examiner for Eircom said on Monday he had rejected an offer for Ireland's former state telecom operator from an unspecified party, and also announced...
30 Apr 2012
Vulcan Materials Co sent a letter to its shareholders asking them to reject rival Martin Marietta Materials Inc's bid to acquire it by voting against Martin Marietta's...
30 Apr 2012
Delta Air Lines' expected bid to buy a Pennsylvania oil refinery has had people in both industries joking that a company from the money-losing airline sector would be right at home in the money-losing world of East Coast refining...
30 Apr 2012
BTG Pactual, Brazil's largest independent investment bank paid an undisclosed sum to join the controlling bloc of Brazilian fitness chain BodyTech...
30 Apr 2012
Credit card processor First Data Corp, a unit of private equity firm KKR, bought the remaining 30 percent stake in payment processor OmniPay from FEXCO...
30 Apr 2012
Terra Firma is stepping into Britain's care homes business with an 825-million pound deal to buy Four Seasons Health, the country's biggest operator in a burgeoning sector...
30 Apr 2012
Four Seasons is finally regaining a semblance of financial health. Terra Firma, the buyout firm run by Guy Hands, is buying Britain's biggest private care-home operator...
30 Apr 2012
Investors should vote against Standard Chartered's executive pay, a British advisory group said, days after another British bank, Barclays...
30 Apr 2012
Opposite the neoclassical pile of the Bank of England in the heart of the City of London stands an unprepossessing building that houses a Chinese bank...
30 Apr 2012
The "shareholder spring" has, to date, been squarely about pay. Barclays' shareholders who failed to support the bank's remuneration report at its annual general meeting...
30 Apr 2012
Pipeline operator Energy Transfer Partners LP said it will buy Sunoco Inc for $5.3 billion in stock and cash to get into the more lucrative crude oil transportation business...
30 Apr 2012
Medical device maker Hologic Inc said it would acquire Gen-Probe Inc for about $3.75 billion in cash to expand its diagnostic business...
30 Apr 2012
Britain's financial watchdog sought a further 100 million pounds compensation on Monday for badly advised investors in two Guernsey-based funds...
30 Apr 2012
Canada's Mercer International Inc withdrew from its battle with AbitibiBowater Inc to buy Fibrek Inc after nearly three months of legal setbacks...
30 Apr 2012
Qatar has signed a deal to co-invest $250 million in Barclays Natural Resource Investments' (BNRI) current and future portfolio of companies, the two sides said on Monday...
30 Apr 2012
Warren Buffett is not one to talk much about his personal life in public, but his prostate cancer may dominate the conversation this weekend...
30 Apr 2012
Royal Bank of Scotland's mergers and acquisitions (M&A) business will be spun off into a boutique advisory firm run by some of its current staff, the bank's chief executive for the Middle East and Africa told reporters on Monday...
30 Apr 2012
"How can you govern a country which has 246 varieties of cheese?" General Charles de Gaulle famously asked.
30 Apr 2012
China is considering sovereign guarantees for its ships to enable the world's second-biggest oil consumer to continue importing Iranian crude after new EU sanctions come into effect in July, the head of China's shipowners' association said...
30 Apr 2012
Microsoft Corp will invest $300 million in Barnes & Noble Inc's Nook e-reader, gaining a foothold in the fast-growing e-books market as the bookseller...
30 Apr 2012
National Car Parks received approval in the High Court for a restructuring that will see lenders wipe out 500 million pounds of debt in return for a 15 percent stake...
30 Apr 2012
The deal will also allow the world's largest aluminium producer Rusal (0486.HK), which is majority owned by Basic Element's subsidiary En+Group, to expand its…
29 Apr 2012
Regulators are due to vote on Monday on one of Mexico's biggest antitrust cases, a $1 billion fine for tycoon Carlos Slim, which has been bogged down...
29 Apr 2012
China's internet censors have a dim view of Facebook, but that has not stopped it from being a model of sorts for the country's securities regulator, IFR reported on Saturday...
28 Apr 2012
Dubai's Istithmar World said on Saturday it has became the sole owner of the Atlantis resort in Dubai after buying a 50 percent stake from luxury resort operator Kerzner...
27 Apr 2012
Lawyers are playing a high-low game with a couple of costly M&A cases in the United States. They say Nationwide Mutual Insurance is paying investors too little...
27 Apr 2012
New York prosecutors are looking into possible financial mismanagement at Dewey & LeBoeuf after lawyers at the law firm requested an investigation...
27 Apr 2012
An Obama administration task force probing misconduct that fueled the financial crisis is increasing its ranks, adding five financial analysts and 10 new federal prosecutors...
27 Apr 2012
A consortium bidding for TMX Group, the operator of Canada's biggest stock exchange, said on Friday it hopes to extend its $3.8 billion offer but is still working to resolve...
27 Apr 2012
The European Commission pledged to tighten control of so-called shadow banking on Friday, answering central bank calls for stricter regulation...
27 Apr 2012
Funds firm Schroders Plc is buying a 25 percent stake in India's Axis Asset Management Co, aiming to tap into growing business opportunities in Asia's third-largest economy...
27 Apr 2012
Bank investors’ anger at bank pay is boiling over. Less than two weeks after a third of Citigroup shareholders threw the company’s remuneration report back in its face...
27 Apr 2012
Intuit Inc, the maker of tax preparation software TurboTax, said it agreed to buy Demandforce, a software-as-a-service application provider...
27 Apr 2012
Wells Fargo & Co said it is buying a prime brokerage services and technology provider in a deal that will allow it to cross-sell more services...
27 Apr 2012
Canadian miner Iamgold Corp said it agreed to buy gold exploration company Trelawney Mining for about C$585 million in cash, in a move aimed at...
27 Apr 2012
Deutsche Boerse said appealing a European Commission ruling to block a takeover of rival NYSE Euronext will take between 18 months and three years...
27 Apr 2012
Russian freight firm Globaltrans Investment is buying the railcar unit of iron ore miner Metalloinvest for $540 million, boosting its fleet to around 60,000 units, it said on Friday, as it forecast more consolidation for the sector...
27 Apr 2012
Russian gas export monopoly Gazprom earned nearly $45 billion last year, up 35 percent and beating market expectations thanks to rising production and prices, figures that show why it has become such a tempting tax target...
27 Apr 2012
The European Union's banking regulator told member states on Friday he would take them to court if they allowed local lenders to circumvent tougher capital rules...
27 Apr 2012
More than a quarter of shareholders at Credit Suisse and Barclays voted down the banks' pay plans on Friday, in a sign investors are catching up with popular outrage...
27 Apr 2012
Shareholders opposing a proposed $20 million settlement by Bank of America Corp directors over the purchase of Merrill Lynch & Co said the payout represents...
27 Apr 2012
Japanese brewer Asahi Group Holdings is close to finalising a deal to buy soft drinks maker Calpis Co for $1.2 billion, sources said on Friday, bringing its M&A buying spree back to its shrinking home market as it seeks to bolster non-alcoholic earnings...
27 Apr 2012
U.S. fashion designing house Betsey Johnson LLC filed for Chapter 11 bankruptcy protection on Thursday, citing declining sales and profitability...
26 Apr 2012
The Federal Trade Commission has turned to a high-profile outside attorney to help run its antitrust investigation into whether Google Inc promotes...
26 Apr 2012
A U.S. judge denied a motion to dismiss the U.S. Commodity Futures Trading Commission's lawsuit against Arcadia Petroleum and Parnon Energy on Thursday...
26 Apr 2012
Real estate information provider CoStar Group Inc won U.S. antitrust approval to buy rival LoopNet Inc with conditions, the Federal Trade Commission...
26 Apr 2012
Qatar's 7 percent stake in Xstrata, makes it not only the miner's largest investor after Glencore, but also a potential kingmaker in the two companies' merger and...
26 Apr 2012
Suburban Propane Partners LP said it would buy Inergy LP's retail propane operations for about $1.8 billion in a deal that will double its customer base and make it...
26 Apr 2012
French cosmetics maker L'Oreal said it had purchased baby products company Cadum to reach more customers in its domestic market...
26 Apr 2012
The U.S. Securities and Exchange Commission has opened an informal inquiry into Chesapeake Energy Corp's controversial program that granted Chief Executive Aubrey McClendon...
26 Apr 2012
As KPN weighs whether to sell its Belgian subsidiary, in the background lies a deeper question: Whether the Dutch telecom operator and others in the...
26 Apr 2012
Trimble Navigation Ltd has agreed to buy SketchUp 3D modeling platform from Google Inc for an undisclosed price, the companies said.
26 Apr 2012
Qatar’s Mannai Corp and Egyptian investment bank EFG Hermes have taken control of Dubai’s Damas after their consortium’s $445 million offer was accepted...
26 Apr 2012
Private equity firm Carlyle Group has hired J.P. Morgan to sell its around $330 million stake in Taiwan's Ta Chong Bank, sources said on Thursday...
25 Apr 2012
BlackRock Inc, the world's biggest asset manager will join hands with China's sovereign wealth fund CIC to launch a China-focused investment fund...
25 Apr 2012
A former Morgan Stanley executive pleaded guilty to conspiring to evade internal controls required by a U.S. anti-bribery law, in a case that underlines the fall of a once high-flying dealmaker for the firm in China...
25 Apr 2012
Wal-Mart Stores Inc may not find the math easy when it tries to assess the potential criminal liabilities from an alleged bribery scandal and possible cover-up at its Mexican unit...
25 Apr 2012
Reuters first reported on March 21 that U.S.-based Watson was close to buying the Swiss drugmaker to help it compete more effectively against rivals...
25 Apr 2012
German drugs and plastics maker Bayer is nearing a multibillion-dollar acquisition to bolster its healthcare division...
25 Apr 2012
Financier Carl Icahn said he has voluntarily dismissed a lawsuit filed against Amylin Pharmaceuticals Inc after talking with the biotech company's chief executive...
25 Apr 2012
The Supreme Court ruled on Wednesday that the U.S. Internal Revenue Service took too much time to try to collect back taxes from a business in a tax shelter case...
25 Apr 2012
U.S. biotech company Amgen is to buy Turkey's Mustafa Nevzat Pharmaceuticals, a maker of injectable generic drugs, for around $700 million in a deal...
25 Apr 2012
Directors of JPMorgan Chase & Co have won a key endorsement for how they paid Chief Executive Jamie Dimon and other topic executives last year...
25 Apr 2012
A federal judge rejected on Wednesday a request by pharmacy trade groups to derail Express Scripts Inc's efforts to integrate rival Medco Health Solutions Inc...
25 Apr 2012
U.S. securities regulators have no immediate plans to revisit its "proxy access rule" after a federal appeals court overturned it last July...
25 Apr 2012
Britain's Diageo completed its tender offer for Chinese baijiu maker Sichuan Shuijingfang, which it was compelled to undertake, with negligible uptake and so stays...
25 Apr 2012
The best thing for Credit Agricole may be to put its Cheuvreux brokerage arm out of its misery but that's not likely, leaving France's No. 3 bank with limited options...
25 Apr 2012
Wal-Mart Stores Inc on Wednesday said the internal lawyer serving as its global compliance officer on foreign corrupt practices act issues is Tom Gean...
25 Apr 2012
Halcón Resources Corp said it will buy GeoResources Inc for about $973.1 million in cash and stock to gain access to natural gas liquids plays in the United States...
25 Apr 2012
Los Angeles-based City National Corp said its banking unit would buy Rochdale Investment Management, in a deal that would raise the company's assets...
25 Apr 2012
Hong Kong's securities regulator rightly wants to toughen up the regime for new listings. But talk of making bankers individually and criminally liable for what goes in the prospectus...
25 Apr 2012
The Dubai government launched a $1.25 billion two-tranche Islamic bond on Wednesday, issue arrangers said, at the lower end of earlier indicated yield guidance...
25 Apr 2012
Oil and gas producer NiMin Energy Corp said it would dissolve itself and sell its assets and use the proceeds to clear its debts, ending a four-month-old strategic...
25 Apr 2012
Britain's economy is in its second recession since the financial crisis, data showed on Wednesday, heaping pressure on Prime Minister David Cameron's coalition government as it battles a series of political embarrassments...
25 Apr 2012
A Florida law firm could teach venerable New York shop Dewey & LeBoeuf how to stay afloat. Ruden McClosky saved lawyers' jobs and business by pulling off...
25 Apr 2012
Investment bankers in Hong Kong may face jail if they are found to have misled investors when preparing companies to go public under tough proposals being finalised...
24 Apr 2012
Nearly half of Mexico's state prosecuting authorities said on Tuesday they had no immediate plans to investigate allegations of corruption by the Mexican arm of Wal-Mart Stores Inc <WMT.N>...
24 Apr 2012
U.S. regulators are investigating major U.S. movie studios' dealings with China as the entertainment companies try to get a greater foothold in one of the fastest-growing...
24 Apr 2012
Tough curbs proposed by European Union lawmakers on ultra-fast trading should be ditched in favour of measures to keep the overall market stable and free of abuse...
24 Apr 2012
Regulators should be given powers to impose losses on bondholders to avoid a bank collapsing, the International Monetary Fund said in a paper on Tuesday...
24 Apr 2012
Two Chinese companies gave details of planned stock market offerings in Frankfurt, testing the continued appetite for Chinese equities in what has been...
24 Apr 2012
Investors who have endured two decades of miserable stock market returns in China may have to wait a while yet for their bets to pay off as turbo-charged economic growth runs out of steam and a new economic model starts to evolve...
24 Apr 2012
Shareholders in Russian mobile phone firm MegaFon have agreed a deal that gives control to the country's richest man and nets Nordic telecoms firm Teliasonera...
24 Apr 2012
China's state-run aluminium giant Chalco has stepped up its pursuit of Mongolian coal, announcing a second deal this month despite signs that Mongolia's government...
24 Apr 2012
Telus Corp is trying to get rid of its non-voting shares. The Canadian telecom group is on the right governance track. But its tussle with hedge fund Mason Capital Management...
24 Apr 2012
Global miner Anglo American has sold the South African arm of Scaw Metals for $440 million to an investment consortium in a long-awaited deal...
24 Apr 2012
Royal Dutch Shell has agreed to buy Cove Energy for 1.12 billion pounds, lifting its offer to access East Africa's huge gas reserves, but failing to quell hopes of a bid battle...
24 Apr 2012
Hong Kong's anti-graft agency is looking into payments totaling more than U.S. $2.5 million to a former top public servant as part of the city's corruption investigation involving two billionaire brothers who run Asia's largest property developer...
24 Apr 2012
Private equity firm CVC Capital Partners Ltd will buy a majority stake in AlixPartners LLP as the restructuring and consulting firm looks to develop...
24 Apr 2012
Yahoo Japan Corp's talks with key shareholder Yahoo Inc for a share buyback have ended with no agreement, but the companies left open the possibility of further negotiations, Yahoo Japan's chief financial officer Toshiki Ohya said on Tuesday...
24 Apr 2012
Google's former chief executive, Eric Schmidt, is slated to testify on Tuesday as Oracle's final witness in the first part of a high stakes trial over smartphone technology, attorneys said in court...
24 Apr 2012
Britain's biggest wholesaler of newspapers, magazines and books bought Hedgelane Limited for 32 million pounds in cash and up to 6 million pounds in deferred payments over two years...
24 Apr 2012
Italy's Pirelli said on Tuesday it had agreed to set up a joint venture with Indonesia's leading automotive components maker PT Astra Otoparts TBK to build...
23 Apr 2012
Facebook Inc reported its first quarter-to-quarter revenue slide in at least two years, a sign that the social network's sizzling growth may be cooling...
23 Apr 2012
Toshiba Corp is no longer bidding for bankrupt Japanese chip maker Elpida Memory, sources close to the talks said, leaving three foreign firms including SK hynix and Micron Technology in the race to take over the company...
23 Apr 2012
A major investor in Telus Corp who opposes its move to scrap a dual-class share structure said the move would unfairly discriminate against holders of voting stock…
23 Apr 2012
U.S. securities regulators charged China-based SinoTech Energy Ltd and its senior executives with misleading investors on Monday, part of an effort to crack down...
23 Apr 2012
BP Plc sued Argentina's Bridas Corp on Monday over a collapsed $7.06 billion asset sale, saying it is willing to pay a $700 million breakup fee so long as it will not face...
23 Apr 2012
Thomson Reuters Corp said on Monday it is selling its Healthcare business to private equity firm Veritas Capital for $1.25 billion in cash...
23 Apr 2012
Carl Icahn won a victory in his push for a sale of diabetes drugmaker Amylin Pharmaceuticals Inc after a Delaware judge fast-tracked the billionaire investor's lawsuit to...
23 Apr 2012
BlackBerry maker Research In Motion has hired law firm Milbank, Tweed, Hadley & McCloy LLP to work out a restructuring plan that could include selling assets...
23 Apr 2012
Allegations that Wal-Mart Stores Inc stymied an internal investigation into extensive bribery at its Mexican subsidiary are likely to lead to years of regulatory scrutiny...
23 Apr 2012
Nestle's baby food buy is surprisingly grown up. Following an M&A tug-of-war with smaller rival Danone, the world's biggest food group will pay a punchy $11.85 billion in cash...
23 Apr 2012
Beam Inc plans to buy Pinnacle vodka and Calico Jack rum for $605 million, the company said on Monday, as it seeks a foothold in the large, growing vodka category.
23 Apr 2012
Swiss food group Nestle is to buy U.S. drugmaker Pfizer's infant nutrition business for $11.85 billion, beating out French rival Danone in the battle to gain preeminence in the lucrative baby food market...
23 Apr 2012
Vodafone on Monday agreed to buy corporate telecoms company Cable & Wireless Worldwide (CWW) for 1.04 billion pounds, in a deal that adds a British fixed line network to its wireless network...
23 Apr 2012
Hong Kong's stock market regulator has revoked the licence of an underwriter of a troubled 2009 listing and slapped it with a record fine in a warning to investment banks...
23 Apr 2012
Britain's financial watchdog has lost a key test of its powers to punish bankers for alleged supervision failures when a fine on a senior UBS banker was overturned by a court...
23 Apr 2012
AstraZeneca has agreed to buy U.S. company Ardea Biosciences for $1.26 billion, giving it a new gout drug to bolster its weak pipeline in a deal that fuels a wave of M&A in the biotechnology sector...
22 Apr 2012
Whether you are the world's No. 1 retailer or a humble street vendor, paying public officials a bribe may be the quickest way to get your business growing in Mexico...
22 Apr 2012
The U.S. regulator overseeing the futures and options market is exploring ways to give large foreign banks and overseas subsidiaries of U.S. lenders a reprieve...
22 Apr 2012
Australian flu drug maker Biota Holdings has agreed to take over U.S. firm Nabi Biopharmaceuticals to create a $258 million group and move to the United States, where investors value biotech research more highly than in Australia...
22 Apr 2012
Hong Kong's securities regulator said on Sunday it had revoked Mega Capital (Asia)'s corporate finance advisory licence for disclosing false and misleading information in a 2009 initial public offering prospectus..
20 Apr 2012
While a majority of Citigroup shareholders voted against the chief executive's pay package at this week's annual meeting, there's still a way to incentivize him while also benefiting investors...
20 Apr 2012
Days after being rebuked by shareholders, Citigroup Inc Chief Executive Vikram Pandit and the bank's directors have been sued by a shareholder accusing them of awarding...
20 Apr 2012
Switzerland has revised a tax pact agreed with Britain last year and will offer it a higher rate of withholding tax, after Germany earlier this month succeeded in obtaining more favourable...
20 Apr 2012
U.S. regulators claimed their first victory in a four-year old effort to crack down on oil market manipulation on Thursday, announcing a $14 million settlement...
20 Apr 2012
Chesapeake Energy Corp CEO Aubrey McClendon has been sued by a shareholder over potential conflicts of interest, after a Reuters report showed he had borrowed as much as $1.1 billion...
20 Apr 2012
Private equity firm Apollo Global Management raised its offer to acquire Great Wolf Resorts to $7.85 per share, above rival bidder KSL Capital Partners' most recent offer...
20 Apr 2012
MegaFon has borrowed $4.5 billion to help finance a buyout of Mikhail Fridman's 25.1 percent stake, bringing Russia's No.2 mobile phone operator closer to...
20 Apr 2012
Bond issuance volumes in offshore yuan will likely slow down in the short term after Beijing moved to further loosen its currency -- but that has investors cheering...
20 Apr 2012
Italian cashmere house Brunello Cucinelli will close the books for its 150 million euro ($197 million) initial public offering (IPO) earlier than planned because of ample demand...
20 Apr 2012
GlaxoSmithKline has agreed to sell a clutch of international over-the-counter healthcare brands for 164 million pounds ($263 million) to South Africa's Aspen Pharmacare...
20 Apr 2012
Encana Corp said Japan's Toyota Tsusho Corp will buy a royalty interest in its southern Alberta natural gas field for C$602 million ($606.2 million) as depressed dry gas prices...
20 Apr 2012
The Bank of Japan has gone a long way in granting the government's wishes in the past months with its firm pledge to end deflation and by loosening policy at a time when the economy has started picking up...
20 Apr 2012
The Australian High Court ruled against film studios and television companies that blamed local internet service provider iiNet for the trading of pirated movies and music among its customers, ending a legal battle that began in late 2008...
19 Apr 2012
The Federal Reserve on Thursday clarified that U.S. banks will have at least until July 21, 2014 to ease into the Volcker rule's trading and investing crackdown...
19 Apr 2012
Bank shareholders have claimed another scalp. Earlier this week, over half of Citigroup's shareholders voted against the U.S. bank's executive pay plan. Now Barclays...
19 Apr 2012
European companies are increasingly alarmed that new rules on derivatives could leave them paying threefold for vital tools for managing risk or more exposed if they shun them...
19 Apr 2012
New York on Thursday sued Sprint Nextel Corp for more than $300 million, accusing the company of tax fraud for deliberately not collecting or paying millions of dollars of taxes...
19 Apr 2012
Crude refiner CVR Energy Inc scrapped a poison pill preventing Carl Icahn from taking over the company, but stopped short of recommending the $2.26 billion offer...
19 Apr 2012
Human Genome Sciences Inc said it had rejected an unsolicited bid from GlaxoSmithKline, marking a new takeover battle in a drugs sector...
19 Apr 2012
The plunging share prices in green energy manufacturers has fuelled speculation of a takeover spree – but there is a catch: finding a buyer in a falling market...
19 Apr 2012
U.S. healthcare company Johnson & Johnson secured EU clearance on Thursday to purchase Swiss medical device maker Synthes Inc. for about $21 billion (13 billion pounds), a move to boost its orthopaedics franchise...
19 Apr 2012
India's debt-laden national carrier Air India has invited bids from banks and financial institutions to raise up to $1 billion via external commercial borrowings, according to an offer letter seen by Reuters...
19 Apr 2012
China's Xuzhou Construction Machinery Group (XCMG) has agreed to take a majority stake in privately-held German machinery manufacturer Schwing as Chinese companies...
19 Apr 2012
Clearance from the EU Commission, the executive body which acts as the competition regulator for the 27-country European Union, would help Sony avoid the possibility of a longer review of the deal's antitrust implications, the FT said...
19 Apr 2012
Hong Kong's financial market watchdog will launch a public consultation in the next couple of weeks that seeks to toughen rules for banks sponsoring initial public offerings, including holding them liable for faulty deal documents...
19 Apr 2012
Wilmar International's billionaire founder Kuok Khoon Hong has tripled his stake in a China property trust and set up a S$500 million ($400 million) investment firm with a former CapitaLand…
18 Apr 2012
U.S. regulators limited the number of market players that will be slapped with a pricey "swap dealer" tag, heeding warnings by swap users about getting too tough...
18 Apr 2012
The Financial Industry Regulatory Authority will bring enforcement cases against certain brokerages for selling exchange-traded funds that were not appropriate for their customers...
18 Apr 2012
Ivanhoe Mines Ltd said Wednesday its founder and Chief Executive Robert Friedland has resigned as part of a financing deal with its majority shareholder Rio Tinto, marking a new era...
18 Apr 2012
MegaFon, Russia's No.2 mobile operator, has signed a $2 billion syndicated loan with three international lenders as it raises funds to buy back a one-quarter stake owned...
18 Apr 2012
U.S. oil major ExxonMobil and Russia's Rosneft unveiled an offshore exploration partnership on Wednesday that could invest upward of $500 billion in developing Russia's vast energy...
18 Apr 2012
Swiss drugmaker Roche said on Wednesday it would not extend a $6.8 billion hostile offer for genetic specialist Illumina as the U.S. group's shareholders blocked its move to appoint new directors...
18 Apr 2012
Commodities trader Glencore signed a $6 billion syndicated loan backing its $90 billion merger with miner Xstrata on Tuesday after raising nearly $11 billion in syndication...
18 Apr 2012
Canada's Alimentation Couche-Tard Inc struck a deal to buy Norwegian company Statoil Fuel and Retail ASA for 15.9 billion crowns ($2.8 billion) to gain a foothold...
18 Apr 2012
SXC Health Solutions Corp said it will buy pharmacy benefit manager Catalyst Health Solutions Inc for about $4.4 billion in cash and stock, helping it double the number of prescription claims it handles...
18 Apr 2012
Aubrey K. McClendon is one of the most successful energy entrepreneurs of recent decades. But he hasn't always proved popular with shareholders of the company he co-founded...
18 Apr 2012
During a company review, News Corp found voting stock held by foreign investors had risen above the 25 percent limit set by the Communications Act of 1934, the paper said...
18 Apr 2012
Australia's Macquarie Group and Japan's Nikko Asset Management are among the companies interested in buying ING's Asian asset management business, sources said, in a deal that could be worth around $500-600 million...
18 Apr 2012
HSBC Holdings PLC plans to issue a yuan-denominated bond in London on Wednesday, the first such issue in the city, marking a milestone in London's efforts to become a centre for offshore yuan trading alongside Hong Kong...
18 Apr 2012
Coal miner SouthGobi Resources (1878.HK) saw its shares plunge after the Mongolian government suspended its exploration licenses…
17 Apr 2012
Roche might be better off dropping its $6.80 billion bid for genomics specialist Illumina and coming back a year later, as its legacy of paying up after protracted takeovers has damaged...
17 Apr 2012
Last year’s executive compensation was a bit too high, but didn’t warrant the investor opposition it received. CEO Vikram Pandit’s generous retention plan is probably what grated. Either way...
17 Apr 2012
Directors of Citigroup Inc lost an advisory vote of shareholders on the company's executive compensation plan, the bank's corporate secretary said at the annual meeting on Tuesday...
17 Apr 2012
Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to bring in up to $3 billion...
17 Apr 2012
The Investment Company Institute and the U.S. Chamber of Commerce filed a lawsuit against the U.S. Commodity Futures Trading Commission, challenging a recent rule requiring...
17 Apr 2012
Volkswagen's Audi unit has agreed to buy thoroughbred Italian motorcycle maker Ducati for about 860 million euros ($1.12 billion) including debt, two people familiar with the matter told Reuters...
17 Apr 2012
Sweden's IKEA, the world's largest furniture maker, is set to enter the consumer electronics market with products developed in co-operation with China-based TCL Multimedia, IKEA officials said...
17 Apr 2012
Plains All American Pipeline LP has withdrawn its unsolicited $1 billion buyout offer for smaller rival SemGroup Corp, whose shares have consistently traded much above the offer price...
17 Apr 2012
Haitong Securities Co Ltd, China's No.2 brokerage by assets, launched on Tuesday an up to $1.77 billion Hong Kong share offering, testing investor appetite as the market emerges from...
17 Apr 2012
A Toshiba Corp unit said on Tuesday it plans to buy IBM Corp's point-of-sale terminal business for $850 million, aiming to secure clients such as Wal-mart Stores Inc and Toys "R" Us...
17 Apr 2012
The International Monetary Fund hopes to gain governments' agreement this week to raise its funds by more than $400 billion, around two thirds of the amount it said it would need three months ago, fund managing director Christine Lagarde signalled on Tuesday...
17 Apr 2012
Two Hong Kong tycoons have been named in a Macau corruption trial involving a jailed former government official, dealing a further blow to the region's reputation after a series of scandals that have rocked the financial centre of Hong Kong...
17 Apr 2012
The online news portal of Chinese state-owned newspaper People's Daily will raise up to 1.55 billion yuan ($245.45 million) in its Shanghai initial public offering, almost triple its fundraising target, reflecting investor enthusiasm toward government-backed media despite a sluggish market…
16 Apr 2012
The U.S. Securities and Exchange Commission is taking extra steps to bulletproof its rulemaking, after U.S. appeals court judges, Republican lawmakers and government watchdogs have criticized...
16 Apr 2012
Maybe banks overreacted to a new U.S. watchdog. Though the CFPB plans to crack down on deceptive practices on riskier loans, it also seems to be OK with borrowers being charged..
16 Apr 2012
International Power's independent directors have done a decent job in securing a better buyout from GDF Suez. It's not that easy to extract a big premium when a bidder is already a 70 percent...
16 Apr 2012
The flotation of state-owned PHN, a centrepiece of Poland's 10 billion zlotys ($3.1 billion) privatisation plan for 2012, may fall through on the hastily-forged real estate group's...
16 Apr 2012
French utility GDF Suez took full control of Britain's International Power on Monday through a sweetened offer of 6.4 billion pounds ($10.2 billion), leaving the world's biggest...
16 Apr 2012
Top clearing houses for stock, bond and derivatives trades must hold enough capital by the end of this year to stay in business if two of their biggest customers go bust...
16 Apr 2012
Coty Inc on Monday urged Avon Products Inc shareholders to ask their company to give Coty a look at inside information, which would give the private cosmetics company a chance...
16 Apr 2012
BEIJING, April 16 (Reuters) - Chinese banks will be allowed to short sell dollars from April 16 onwards, the State Administration of Foreign Exchange (SAFE) said on Monday.
16 Apr 2012
Japanese automaker Honda Motor Co's Indian marriage is on the rocks. As sales and their confidence rises, overseas manufacturers are tearing up local partnerships and pumping billions...
16 Apr 2012
Not everyone is happy with the campaign being waged against AOL Inc by activist hedge fund Starboard Value -- namely some of the other top shareholders of the fallen Internet icon...
16 Apr 2012
Pan-Asia private equity firm PAG and U.S. asset manager DE Shaw & Co Ltd are among 11 cornerstone investors that pledged to buy almost one-third of the up to $1.8 billion...
16 Apr 2012
Stratasys Inc, a maker of 3D printers, said it will be acquired by privately held Objet Ltd in an all-stock deal, as the companies look to gain a firmer foothold in the high-growth...
16 Apr 2012
Singapore state investor Temasek bought $2.3 billion worth of ICBC's Hong Kong-listed shares from seller Goldman Sachs, piling into three of China's top four banks...
16 Apr 2012
Jury selection in a high-stakes dispute over smartphone technology between Oracle Corp and Google Inc is set to begin here on Monday morning, kicking off a trial in which both companies' chief executives are set to take the stand...
16 Apr 2012
Japan's securities regulator will seek penalties against the country's third-largest broker Nikko SMBC Securities for leaking confidential information about stock offerings, sources with knowledge of the matter said on Friday…
16 Apr 2012
South Korea's stock exchange on Monday suspended trading in electronics retailer Hi-Mart Co and said it may review the company for a possible delisting over an embezzlement scandal, less than a year after it went public….
15 Apr 2012
Australia's Linc Energy and Chinese green power firm GCL Projects will team up in a venture to make diesel fuel from coal gas, with GCL buying a 5 percent stake in Linc...
13 Apr 2012
China's securities regulator issued draft regulations on Friday that aim to crack down on deceptive practices in the country's securities futures markets through increased supervision and...
13 Apr 2012
U.S. financial institutions may be held accountable for the actions of the companies they contract with for services such as telemarketing or product development...
13 Apr 2012
Russian state oil firm Rosneft will gain know-how for developing hard-to-produce reserves along with stakes in North American projects when it finalises a joint venture with Exxon Mobil Corp...
13 Apr 2012
A Canadian court on Friday extended a creditor protection order for Sino-Forest Corp by five weeks to June 1, giving the embattled Chinese forestry company more time to sell its assets...
13 Apr 2012
The main U.S. watchdog for company auditors said it has reached an agreement with Germany to do joint inspections of audit firms there, the third European Union country to strike...
13 Apr 2012
Goldman Sachs-linked Capula Investment Management is expanding its $13 billion business into Hong Kong, according to sources, becoming the latest major investor to jump into the region where hedge fund players are a small but growing part of the market...
13 Apr 2012
Russian state oil firm Rosneft will gain access to hard-to-recover hydrocarbon resources in North America in exchange for access to Russia's Arctic offshore when it finalises a joint venture...
13 Apr 2012
Britain's Daisy Group said on Friday it was buying Worldwide Group Holdings for an initial 28 million pounds ($44.7 million) in a deal that will add audio-conferencing...
13 Apr 2012
Hebei Iron & Steel Group Co, China's largest steel producer, is investing about C$194 million ($195 million) for a stake in Canada iron ore developer Alderon Iron Ore Corp, as Chinese steelmakers look for cheaper ore to cut their production costs.
13 Apr 2012
The world's biggest banks would have needed to find more than $600 billion if tough new capital rules to be phased in from 2013 had been in place last year...
13 Apr 2012
A British parliamentary report into a phone hacking scandal may lead eventually to News Corp being forced into cutting or selling its stake in the highly profitable pay-TV firm BSkyB, having already dropped its bid to buy it outright last year...
13 Apr 2012
Britain should rein in salaries at Royal Bank of Scotland and Lloyds before embarking on any sale of its stakes in them, a private shareholder group said, as anger over bankers' pay mounted ahead of their annual general meetings...
13 Apr 2012
Documentation relating to commodities trader Glencore's agreed $37 billion bid for miner Xstrata PLC will be sent to shareholders later than previously anticipated, the companies said on Friday...
12 Apr 2012
Latin America, excluding Brazil, has overtaken that country to become the number one destination for emerging market private equity investors over the next year...
12 Apr 2012
Google is no stranger to bad corporate governance. But after seeing newcomers Zynga and Facebook surpass them in the governance race to the bottom, Google's founders are getting...
12 Apr 2012
A commissioner with the U.S. Securities and Exchange Commission is calling for Congress to take action to help investors after a 2010 Supreme Court decision greatly restricted them...
12 Apr 2012
Japan's MS&AD is buying New York Life's 26 percent stake in a joint venture with Max India for about $530 million, the latest in a spate of outbound deals from Japan and the second...
12 Apr 2012
JPMorgan and Wells Fargo shouldn't let success go to their heads. Both banks navigated the crisis better than most of their peers. That doesn't mean that the two big U.S. banks don't need...
12 Apr 2012
Bank of Montreal has agreed to buy Portland, Oregon-based advisory firm CTC Consulting LLC to augment its wealth management business catering to ultra-high net worth clients...
12 Apr 2012
Reddy Ice Holdings Inc plans to file for bankruptcy and bid for Canadian rival Arctic Glacier Income Fund, as the packaged-ice maker looks to cut debt and beef up its business...
12 Apr 2012
France Telecom has finalised a deal to buy most of its partner's stake in Egyptian mobile operator Mobinil for 1.5 billion euros ($2 billion), leaving the venture with 95 percent French ownership...
12 Apr 2012
A bankruptcy judge on Thursday had doubts about a portion of a plan by MF Global trustee James Giddens to release $685 million to the broker's former customers...
12 Apr 2012
Mexican conglomerate Alfa said on Thursday that it's auto parts unit Nemak is buying U.S. engine component maker J.L. French Automotive Castings Inc for an undisclosed amount...
12 Apr 2012
The trustee liquidating MF Global's brokerage will ask a bankruptcy court on Thursday to release $685 million to former MF Global customers, a plan already introduced in court filings that has been criticized as neglecting affiliates of the failed firm...
12 Apr 2012
Facebook's willingness to pay $1 billion to buy the 12-person start-up Instagram has Silicon Valley venture capitalists happily re-doing their math on the potential value of hot young companies...
12 Apr 2012
Two companies have rushed to take advantage of the JOBS Act signed by President Barack Obama last week that aims to help streamline the initial public offering process...
12 Apr 2012
Hong Kong Exchanges and Clearing Ltd is in talks with banks for a loan to help it finance an offer for the London Metal Exchange, sources told Reuters, a sign that the world's most valuable...
12 Apr 2012
U.S. securities regulators are preparing to announce that Goldman Sachs will pay $22 million to settle allegations the bank did not have adequate policies to prevent research...
12 Apr 2012
Danish brewer Carlsberg is to sell most of a former Copenhagen brewery site to a group of investors for 2.5 billion Danish crowns ($441 million), which will help reduce debt...
12 Apr 2012
Swatch Group, the world's largest watchmaker, is buying high-end watch case maker Simon Et Membrez for an undisclosed sum, the group said on Thursday, in a move that will boost its own production division...
12 Apr 2012
Groupon Inc, the online coupon company that floated just months ago in the strongest IPO in years, has had recurring accounting problems that critics say show a need for more financial sophistication on its board.
12 Apr 2012
Kuwait's bourse will launch a new trading system on May 13, backed by The Nasdaq OMX Group Inc , to help trading of financial instruments such as derivatives and Islamic bonds, it said on Tuesday...
12 Apr 2012
Haitong Securities Co Ltd, China's No.2 brokerage by assets, is set to launch its up to $1.5 billion Hong Kong share offering as early as April 17, after securing commitments...
11 Apr 2012
U.S. securities regulators on Wednesday sued AutoChina International Ltd, its executives and others for securities fraud...
11 Apr 2012
Coty is going to need a bigger ring. Avon Products has rejected its $10 billion marriage approach, which rams home the point that Avon would rather go it alone than sell itself short...
11 Apr 2012
Portugal's largest listed bank by market capitalisation, BES, said it plans to raise up to 1.01 billion euros ($1.33 billion) in a cash call to boost its core Tier 1 capital ratio above...
11 Apr 2012
Lehman Brothers Holdings Inc next week will begin paying out $22.5 billion to its creditors, more than it initially estimated in the first leg of its $65 billion creditor payback plan...
11 Apr 2012
Hedge fund SVP is leading a group of junior lenders in an aggressive bid to buy German plastic films firm Kloeckner Pentaplast, threatening legal action to avoid being wiped out...
11 Apr 2012
Barclays has only got itself to blame. The UK bank faces an embarrassing protest vote against the scale of its bonus awards for 2011 at its annual meeting later this month...
11 Apr 2012
A plan by Telus Corp, Canada's third largest wireless carrier, to discard its dual-share structure faces opposition from its largest shareholder.
11 Apr 2012
Canada's Mercer International Inc raised its offer for specialty pulp maker Fibrek Inc by 8 percent to further strengthen its position against rival bidder AbitibiBowater Inc...
11 Apr 2012
Nearly a decade ago, Eliot Spitzer had to force major Wall Street firms to build a Chinese wall between research and investment banking. Now, the same banks are fretting over...
11 Apr 2012
Secondary stock offerings by U.S. companies grabbed most of the equity capital markets activity in the first quarter, spurred by a sluggish market for IPOs and private equity investors...
11 Apr 2012
Japan's largest drugmaker Takeda Pharmaceutical Co Ltd said on Wednesday that it will buy U.S. gout-drug maker URL Pharma Inc for $800 million plus additional...
11 Apr 2012
Dutch engineering firm Arcadis on Wednesday said it would acquire Davis Langdon & Seah, an Asia-based cost and project management consultancy, lifting its exposure...
11 Apr 2012
Indonesia will find it difficult to block DBS Group's $7.2 billion bid to take over Bank Danamon based on current rules, and any rejection could dent investor sentiment...
11 Apr 2012
Schlumberger Ltd, the world's largest oilfield services company, will sell its piping and fitting unit to National Oilwell Varco in a cash deal, the firms said on Tuesday...
11 Apr 2012
Private equity firm CVC Capital Partners will pay around HK$5 billion ($644 million) to buy telecom and broadband assets of City Telecom H.K. Limited, the Hong Kong-listed company said...
11 Apr 2012
Myanmar will set up a security exchange with the help of the Tokyo Stock Exchange and Daiwa Securities Group as the resource-rich nation hunts for foreign investors after decades of isolation...
11 Apr 2012
Indonesia's flag carrier Garuda will sign a deal for 11 Airbus passenger jets on Wednesday, during a visit by Prime Minister David Cameron aimed at boosting trade and investment...
11 Apr 2012
Spain's banks are fast joining the ranks of the most unloved in Europe just as many need to raise capital urgently, deserted by investors who believe the country is on the brink of a recession that many lenders will not survive...
10 Apr 2012
Problem companies need strong leadership, starting with the chairman. But AstraZeneca's current chairman is on the way out, and his successor isn't due to take the helm until September...
10 Apr 2012
Italian clothing company Brunello Cucinelli has received the green light for its initial public offering in Milan, paving the way for a listing expected early next month...
10 Apr 2012
The buyout of Michaels Stores hasn't been the craftiest private equity deal. Bain Capital and Blackstone Group bought the company near the top of the cycle, but the bad timing was papered over...
10 Apr 2012
Bain Capital LLC is considering raising $6 billion to $8 billion for a new global buyout fund and offering investors up to three options on fees it charges to manage the money...
10 Apr 2012
Investment firm Genstar Capital Llc will take specialty clinical research company eResearch Technology private for $400 million, the latest in a string of...
10 Apr 2012
Penn Virginia Resource Partners LP said it will buy pipeline company Chief Gathering LLC for $1 billion to expand its footprint in the gas-rich Marcellus Shale, a low-cost natural gas...
10 Apr 2012
Chesapeake Energy Corp said on Monday it has struck three deals that will raise a total of $2.6 billion, a cash infusion needed by the U.S. oil and gas company as it faces...
10 Apr 2012
Electronic connector maker TE Connectivity Ltd said it will sell its non-core touch screen and TE professional services businesses for $403.5 million...
10 Apr 2012
HSBC, Europe's biggest bank, said it was in talks over the possible sale of its Korean retail banking and wealth management business to Korea Development Bank (KDB)...
10 Apr 2012
Industrial and healthcare conglomerate Danaher Corp said it will buy X-Rite Inc, which owns the Pantone color measurement system, for $467.8 million...
10 Apr 2012
Sony Corp forecast a record $6.4 billion net loss for the business year just ended, its fourth straight year of losses and double earlier forecasts, inflated by writing off deferred tax assets in the United States...
9 Apr 2012
The Islamic Financial Services Board (IFSB) has published new guidelines on liquidity and stress-testing, seeking to reduce the balance sheet risk of Islamic financial institutions...
9 Apr 2012
Microsoft trumped Amazon, eBay and other tech giants with its more than $1 billion purchase of the majority of AOL Inc's patent trove...
9 Apr 2012
Australia's largest pay-TV firm Foxtel extended its dominance on Tuesday when the competition watchdog cleared its $2 billion takeover of smaller regional rival Austar United Communications, nearly a year after the deal was first proposed...
9 Apr 2012
Facebook's defensive purchase of Instagram raises a red flag. Online photos are supposed to be a core Facebook competence. Paying $1 billion for the popular picture-sharing app may...
9 Apr 2012
Emirates NBD, Dubai's largest lender, is seeking approval from three government bodies to merge its two Islamic banking units, sources told Reuters on Monday...
9 Apr 2012
Facebook will pay $1 billion in cash and stock for photo-sharing application Instagram, making its largest-ever acquisition in the months before a mega-IPO...
9 Apr 2012
AT&T Inc said on Monday that it would sell a 53 percent stake in its declining Yellow Pages business to private equity firm Cerberus Capital Management LP...
9 Apr 2012
Angolan state oil company Sonangol's airline unit Sonair is set to take a controlling stake in Sao Tome and Principe national carrier STP Airways...
9 Apr 2012
MBIA Inc hid its financial condition from the New York state insurance department in 2009 when it sought approval to restructure the company, according to Bank of America...
9 Apr 2012
Carl Icahn said on Monday he has sued Amylin Pharmaceuticals Inc to obtain more time to nominate a slate of directors he hopes will push the maker of diabetes drugs to put itself up for sale...
9 Apr 2012
Sheri McCoy should make a turnaround of Avon a real alternative to a sale. But retaining Andrea Jung as executive chairman makes McCoy's job look harder...
9 Apr 2012
Private equity firm Oaktree Capital Management kicks off an estimated $2.2 billion of U.S. initial public offerings next week, the busiest flurry of offerings this year...
9 Apr 2012
Venture-capital fundraising fell 35 percent to $4.9 billion in the first quarter, the National Venture Capital Association and Thomson Reuters reported...
9 Apr 2012
The Ontario Securities Commission has alleged that Sino-Forest's conduct runs contrary to sections of the Ontario Securities Act dealing with false and misleading statements and fraud...
9 Apr 2012
IGate Corp said it accepted minority shareholders' offer of 520 rupees ($10.18) per share to delist its Indian unit Patni Computer Systems at a price higher than what it paid...
9 Apr 2012
Qatar's sovereign wealth fund has increased its stake in Xstrata to just over 5 percent, potentially making it easier for commodities trader Glencore...
9 Apr 2012
EFG Eurobank will sell its Turkish arm to Kuwait's Burgan Bank in a $355 million deal which will help shore up the struggling Greek lender's capital base...
9 Apr 2012
Hong Kong maritime insurers will not provide full cover to tankers carrying Iranian oil after EU sanctions take effect from July, a senior industry official told Reuters, another blow to Chinese importers struggling to find ways around the measures. As more insurers confirm they will soon halt or sharply reduce coverage to tankers operating in Iran, China's government may need to step in and take the risk to get contracted crude supplies from Tehran, said Arthur Bowring, managing director of the Hong Kong Shipowners Association. China is the top buyer of Iranian crude...
8 Apr 2012
Private equity firm KSL Corp raised its bid for Great Wolf Resorts Inc by 12 percent to $234 million as it works to top rival buyout group Apollo Global Management...
6 Apr 2012
A major shareholders advisory service on Friday urged holders of U.S. gene sequenci ng company Illumina to vote against rejected suitor Roche Holdings AG's proxy contest...
6 Apr 2012
Bloomin Brands, which runs the Outback Steakhouse restaurant chain, filed with U.S. regulators to raise up to $300 million in an initial public offering of its common stock...
6 Apr 2012
China's three ministerial bodies vying to reshape the country's fragmented corporate bond market have agreed to work together to speed up development plans...
6 Apr 2012
Private equity firm Penta Investments has made an offer for German insolvent drug store chain Schlecker, less than a month after buying a 40 percent stake...
6 Apr 2012
Private equity fund MBK Partners' hopes for a quick conclusion to the $2.4 billion sale of its Taiwan cable TV business have been dashed after the deal descended into controversy...
6 Apr 2012
Private equity firms TPG Capital LP and China's Hony Capital are to bid jointly for Elpida Memory, a source familiar with the matter said on Friday...
5 Apr 2012
Citigroup, one of the world's biggest banks, had major lapses in its anti-money laundering systems that are supposed to police the flow of shadowy money...
5 Apr 2012
Any U.S. corporate executives who think they can use the Jobs Act's relaxed rules for public listing to cut corners on accounting and disclosure may want to think again...
5 Apr 2012
Spanish bank Banco Santander's Argentine unit, Banco Santander Rio SA, filed with U.S. regulators on Friday to withdraw its initial public offering...
5 Apr 2012
Canada's financial services regulator is demanding that banks tighten their board oversight of mortgage lending practices as loan books soar and Canadians struggle under record debt loads...
5 Apr 2012
Hedge funds believe more predictable monetary policy in emerging markets is making it easier to profit from bond and currency bets there than in developed markets...
5 Apr 2012
Banks appear to have thrown wide open the door for private equity deal making. They are charging gentler fees for leveraged loans, one of the prime ingredients...
5 Apr 2012
Spectrum Pharmaceuticals Inc said its experimental drug to treat bladder cancer failed to meet the main goals of late-stage trials, sending its shares down 16 percent in premarket trade...
5 Apr 2012
U.S. healthcare products and medical device maker Covidien said it would buy Israel-based Oridion Systems for about $300 million in cash...
5 Apr 2012
Dubai Holding, the investment conglomerate owned by the emirate's ruler, said on Thursday its private equity arm has reached an agreement with creditors...
5 Apr 2012
The Financial Policy Committee, tasked with fighting off the next financial crisis, first faces a battle to convince Britain's banks that its untested weapons will do more good than harm...
5 Apr 2012
Greece extended for a second time on Thursday a deadline for remaining bondholders to accept a debt swap, giving authorities more breathing space to formulate a response to investors who have refused to sign up for the landmark deal...
5 Apr 2012
Kuwait's stock exchange said on Thursday it had suspended trading in the shares of logistics group Agility ahead of an announcement by the company...
4 Apr 2012
Scandal-ravaged Chinese timber company Sino-Forest is racing against time to convince bondholders to accept a debt-to-equity swap in a bid to salvage the remnants of its business...
4 Apr 2012
Burger King's newest backers are getting a Whopper of a finder's fee. The biggest rival of McDonald's in the hamburger wars will return to the U.S. equity markets...
4 Apr 2012
Power producer Dynegy Inc said it has resolved major disputes with creditors that could put one of its units a step closer to emerging from bankruptcy...
4 Apr 2012
The Commodity Futures Trading Commission said on Wednesday that JPMorgan Chase & Co will pay $20 million to settle charges that it unlawfully handled...
4 Apr 2012
Brazilian furniture maker Unicasa and shareholders plan to raise up to 732 million reais ($402 million) in an initial public offering, as companies in Latin America's largest economy defy...
4 Apr 2012
Activist investor Carl Icahn lashed out at the board of Amylin Pharmaceuticals Inc on Wednesday, urging it to put the company up for sale and threatening a proxy fight...
4 Apr 2012
Hamburger chain Burger King said on Tuesday it plans go public through a deal with a London-listed investment firm, less than two years after it agreed to be taken private...
4 Apr 2012
Singapore state investor Temasek Holdings and private equity firm RRJ Capital bought nearly half of the shares in the $1.34 billion offering by PetroChina Co's unit Kunlun Energy Co...
4 Apr 2012
Printed circuit boards maker Viasystems Group Inc will acquire smaller rival DDi Corp for about $268 million in cash, to add products to its portfolio and expand...
4 Apr 2012
Roche Holding AG stepped up its charm offensive towards Illumina shareholders as it battles to take over the U.S. gene sequencing company, telling them its increased $6.7 billion bid...
4 Apr 2012
After so many false dawns, long-term investors face the growing problem of how to recognize a genuine, sustainable recovery in global markets - whenever it eventually shows up...
3 Apr 2012
Twenty mergers involving U.S. law firms were completed in the first quarter of 2012, a 43 percent increase over mergers in the first quarter of last year, the Hildebrandt Institute said...
3 Apr 2012
Groupon Inc, which runs the world's largest online coupon website, was sued on Tuesday by a shareholder who accused the company of misleading investors...
3 Apr 2012
U.S. oil and gas company Linn Energysaid it will pay $400 million for a 23 percent share of Anadarko Petroleum Corp's interest in the Salt Creek field in Wyoming...
3 Apr 2012
Molson Coors has developed a taste for emerging-markets light, spending $3.5 billion on StarBev. But the U.S.-Canadian brewer's stock drooped. Investors may be worrying about the limited...
3 Apr 2012
Buyouts led by private equity and sovereign wealth funds should help propel merger and acquisition activity in Brazil this year after a flat first quarter...
3 Apr 2012
The Australian Securities Exchange (ASX) has opened a consultation on its plans to improve capital raising for small-to-mid cap companies and to update the bourse's listing requirements...
3 Apr 2012
Royal Bank of Canada said on Tuesday it would buy the 50 percent stake in custody joint venture RBC Dexia that it does not already own from Banque Internationale à Luxembourg...
3 Apr 2012
Major shareholders in gene sequencing firm Illumina are at odds after Roche asked them to press the U.S. firm to enter takeover talks following its management's rejection...
3 Apr 2012
Silver miner First Majestic said on Tuesday that it will take over Silvermex Resources in a friendly deal that values the smaller company at C$175.4 million...
3 Apr 2012
Trade derivatives and end up owing money to a counterparty who goes bust and you will still have to pay out, a UK court ruled...
3 Apr 2012
Allianz, Europe's biggest insurer, will proceed with caution as it searches for takeover gems among the jetsam washed up by the financial market storm...
3 Apr 2012
The U.S. futures regulator accused the Royal Bank of Canada of running a "trading scheme of massive proportion" to gain lucrative Canadian tax benefits...
3 Apr 2012
North American brewer Molson Coors pipped close rival Asahi on Tuesday to buy east European brewer StarBev from CVC Capital Partners for 2.65 billion euros...
3 Apr 2012
Brazil's BTG Pactual and shareholders will seek to raise up to 4.1 billion reais ($2.2 billion) in a local share offering that may price the investment banking powerhouse...
3 Apr 2012
British oil explorer Cairn Energy said it would buy Agora Oil & Gas for $450 million to increase its drilling activity in Britain and Norway in 2012 and expand its lower risk...
3 Apr 2012
London Stock Exchange boss Xavier Rolet passed a crucial test of his leadership on Tuesday when his shareholders back the takeover of clearing house LCH.Clearnet...
3 Apr 2012
South Korean steelmaker POSCO has offered its stakes in three local companies to raise a possible combined 585 billion won ($519 million), IFR reported on Tuesday...
3 Apr 2012
Search giant Google Inc engaged in "misleading and deceptive" conduct by allowing misleading paid advertisements to be shown with Internet search results, an Australian court ruled on Tuesday...
3 Apr 2012
Japan's Olympus Corp may be able to recover from a huge accounting scandal without having to bring in new investors, even as it looks to beef up its capital by around $3 billion over the longer term, its likely new president said on Tuesday...
2 Apr 2012
A letter to Securities and Exchange Commission Chairman Mary Schapiro from groups that include the Consumer Federation of America and the AARP is the latest development...
2 Apr 2012
Illumina Inc said on Monday that its board unanimously rejected Roche Holding's increased offer to buy the genetic sequencing company for $51 per share...
2 Apr 2012
Germany's savings bank association fired the head of its fund management arm DekaBank on Monday, citing disagreements over pay...
2 Apr 2012
Solar Trust of America LLC, which holds the development rights for the world's largest solar power project, on Monday filed for bankruptcy protection...
2 Apr 2012
Atlantic Power Corp, a power producer in Canada and the United States, said it now owns almost all of a 300-megawatt wind power project in Oklahoma...
2 Apr 2012
Fealty to CEO Andrea Jung did less for Avon than Coty accomplished in a morning. It's a useful lesson for pliant directors everywhere...
2 Apr 2012
Financial data firm Markit has bought Data Explorers, a stock lending analytics firm, marking its first move into the $12 trillion securities lending business...
2 Apr 2012
Business lender CIT Group Inc said it will redeem part of its 7 percent senior unsecured notes maturing in 2017, reducing its high-cost debt by $500 million...
2 Apr 2012
Ambac Financial Group Inc, the bond insurer that last month won court approval to emerge from bankruptcy, has sued JPMorgan Chase & Co to recover losses...
2 Apr 2012
London-based Ethical Asset Management has launched what it calls the world's first "investment sukuk", aiming to resolve a major area of controversy in Islamic finance...
2 Apr 2012
Beauty company Coty Inc said on Monday it offered to buy Avon Products Inc for $10 billion, but the bid was rejected by the cosmetics direct seller, which is grappling with...
2 Apr 2012
KKR & Co said it will buy some energy assets straddling parts of Texas and Oklahoma from WPX Energy for $306 million -- the private equity firm's latest acquisition...
2 Apr 2012
Ground beef processor AFA Foods filed for bankruptcy protection on Monday and said it plans to sell some or all of its assets, citing the impact of media coverage related to...
2 Apr 2012
The world's biggest miner, BHP Billiton, is declaring force majeure at its coal mines in Australia's Bowen Basin due to prolonged union strikes and heavy rain, the company said on Monday, in a move that could spur prices of metallurgical coal.
2 Apr 2012
Malaysia's No.2 lender CIMB Group Holdings Bhd said on Monday it is taking over some of the Asian units of Royal Bank of Scotland Plc (RBS) or 849.4 million ringgit (173.6 million pounds) to boost its investment banking presence in the region...
2 Apr 2012
Norwegian fertiliser maker Yara is to pay 40 million Canadian dollars for new shares in Canada's IC Potash Group, paying a near 50 percent premium...
2 Apr 2012
British engineering firm Bodycote said it bought Curtiss-Wright Corp's heat treatment business for $52 million to expand its customer base in the U.S. aerospace industry...
2 Apr 2012
Misys' shareholder ValueAct said it would not bid for the banking software group, leaving a $2 billion recommended offer from private equity group Vista...
1 Apr 2012
Pinnacle Airlines Corp filed for bankruptcy protection late on Sunday, as the U.S. regional airline fell victim to high fuel prices and dampened travel demand...
1 Apr 2012
Singapore's DBS Group, Southeast Asia's biggest bank, is to buy Indonesia's Bank Danamon for $7.24 billion, in a deal that could stir nationalist opposition...
1 Apr 2012
The China Securities Regulatory Commission published on Sunday draft rules aimed at increasing the liquidity of newly-listed shares and monitoring pricings for initial public offers...
1 Apr 2012
Singapore-based Richard Chandler Corp, the largest shareholder in Sino-Forest Corp, said on Monday that it has proposed a restructuring plan for the embattled Chinese forestry company...