NEWS
June 2012
29 Jun 2012
Big brewing deals are still very much on the agenda, even after Anheuser-Busch InBev buys out Mexican brewer Grupo Modelo for $20.1 billion.
29 Jun 2012
Just three months ago Vivendi's veteran chief executive Jean-Bernard Levy, under fire for a slumping stock price, said asset sales were "not taboo". Now that he's quit, the group could be...
29 Jun 2012
GlaxoSmithKline has again extended its $2.6 billion offer to buy long-time partner Human Genome Sciences in a hostile stand-off with the U.S. biotech...
29 Jun 2012
Coty Inc, which sells perfumes under Calvin Klein, Davidoff and Chloe brands, filed to raise as much as $700 million in an initial public offering, after dropping a $10.7 billion takeover bid...
29 Jun 2012
A scandal over the rigging of key interest rates could create a legal morass that may hamper the global banking industry for years, analysts said, as the head of Barclays fought to hold onto his job...
29 Jun 2012
Louis Dreyfus Commodities, a unit of global financial and commodities firm Louis Dreyfus Corp, plans to spin off its Brazil sugar and ethanol mill unit in an initial share offering...
29 Jun 2012
Anheuser-Busch InBev, the world's biggest brewer, will swallow the half of Grupo Modelo it does not already own for $20.1 billion in the latest in a string of deals by big brewers looking...
29 Jun 2012
Royal Bank of Scotland could face a hefty fine from the same interest rate rigging scandal that has hammered Barclays this week and left its boss Bob Diamond fighting for his job...
29 Jun 2012
U.S. drinks group Constellation Brands will buy the remaining 50 percent interest in Crown Imports that it did not already own from Anheuser-Busch InBev for $1.85 billion following a move...
29 Jun 2012
China's top financial policymakers expressed determination on Friday to push on with their campaign to reform and rebalance the world's second-largest economy even as growth cools...
28 Jun 2012
China's financial regulators vowed on Friday to press on with reforms necessary for rebalancing the world's second-largest economy even in the face of an economic slowdown...
28 Jun 2012
Good governance dictates that consolidating corporate power with one person, as JPMorgan and AT&T do, is generally a bad idea. New research shows it also costs about 50 pct more for...
28 Jun 2012
Malaysia's state oil company launched a C$4.8 billion ($4.7 billion) takeover of its Canadian joint-venture partner, Progress Energy Resources Corp, on Thursday to gain control of vast shale gas reserves and advance plans to ship gas to Asia.
28 Jun 2012
Global banking regulators published rules on Thursday to strengthen in-house checks on risks at lenders, plugging a gap highlighted by the record fine on Barclays for rigging Libor...
28 Jun 2012
Mexico's Cemex could win some precious breathing space if creditors agree to its latest proposal to extend maturities and improve the terms on its US$7bn financing agreement with banks...
28 Jun 2012
Oriental Financial Group said it would buy Spain's Banco Bilbao Vizcaya Argentaria's Puerto Rican unit for $500 million in cash, a deal that will help it compete in the island's overbanked market...
28 Jun 2012
Hong Kong Exchanges Clearing Ltd, which operates Asia's largest bourse, is forming a joint venture with mainland Chinese exchanges to develop index-linked and equity derivatives products...
28 Jun 2012
French utility Veolia Environnement has sold a majority stake in its regulated UK water business for 1.24 billion pounds ($1.92 billion) including debt, notching a milestone in its...
28 Jun 2012
The bad news keeps coming for Philip Falcone, once one of the hedge fund industry's biggest stars...
28 Jun 2012
Malaysian palm oil firm Felda Global surged 20 percent in its trading debut on Thursday, as investors cheered on the world's second largest IPO after Facebook's botched float and the company pledged stronger profits in the coming months...
28 Jun 2012
The board of News Corp approved in principle splitting the $60 billion media conglomerate into separate publishing and entertainment businesses, a person familiar with the situation said on Thursday...
27 Jun 2012
"Done ... for you big boy," read a message sent by a Barclays banker to one of the lender's traders, who had asked him to fix a key lending rate artificially low...
27 Jun 2012
Shuffle Master Inc pulled out of a deal to buy online poker company Ongame Network Ltd, a setback in the casino games maker's efforts to grab a piece of the growing internet gambling market...
27 Jun 2012
Commodities trader Glencore pushed back its $26 billion bid for miner Xstrata on Wednesday after shareholder Qatar stunned the pair with a late demand for better terms...
27 Jun 2012
Banca Monte dei Paschi di Siena laid out a painful restructuring plan on Wednesday, a day after the world's oldest bank was forced to take state aid, and said it would be looking to...
27 Jun 2012
Blackstone and BC Partners will not table a fresh bid for frozen foods group Iglo, leaving owner Permira in control of the subject of one of Europe's largest buyouts and eyeing...
27 Jun 2012
China's southern boomtown of Shenzhen, a pioneer of economic reforms but long in the shadow of Hong Kong, is plotting another bold ploy: a $45 billion 'mini-Hong Kong' to return it to...
27 Jun 2012
Qatar Holding's 11th hour call for much sweeter merger terms has left Glencore's $70 billion tie-up with Xstrata on shaky ground. Xstrata's second-biggest shareholder may find it hard...
27 Jun 2012
Morgan Stanley was quick to dismiss suggestions its status as the king of initial public offerings for Silicon Valley was under threat because of the botched Facebook Inc IPO last month...
27 Jun 2012
Kenichi Watanabe was re-elected as CEO of Nomura Holdings on Wednesday, but faced a series of tough questions from shareholders about the Japanese broker's slumping share price and his handling of a protracted insider trading probe...
27 Jun 2012
Loral Space & Communications Inc has agreed to sell its satellite manufacturing subsidiary, Space Systems/Loral (SS/L) to Canadian communications rival MacDonald, Dettwiler and...
27 Jun 2012
The collapse of Glencore-Xstrata would be a $130 million blow to mergers and acquisitions bankers. Nine banks would lose most of that fee pool, and league-table standing too, if investor...
27 Jun 2012
Investors claiming Porsche SE misled them about plans to take over Volkswagen in 2008, will take to German courtrooms on Wednesday for the first time, pushing demands for more than 4 billion euros ($5 billion) in damages...
27 Jun 2012
Beijing will promote the further development of the offshore yuan market in Hong Kong as part of a new package of policies for the territory ahead the fifteenth anniversary of its return to China...
27 Jun 2012
Aggressive efforts to combat insider trading a re helping U.S. securities regulators boost the number of settlements they reach with individual defendants, a new report has found...
26 Jun 2012
Groupon Inc's Gaopeng China joint venture with Tencent Holdings will merge with another Chinese daily-deal website to form a new company, Gaopeng said...
26 Jun 2012
China Pharmacuetical Group Ltd said it would buy pharmaceutical assets from its parent company for HK$8.98 billion ($1.16 billion) as it aims to expand its finished drug business and curb...
26 Jun 2012
German bank Commerzbank said it would wind up its ship finance and commercial real estate units as stricter liquidity requirements force it to cut back on capital intensive activities...
26 Jun 2012
Private equity fund Pamplona has bought 5 percent of Italy's biggest bank, UniCredit, becoming its second-largest shareholder, in a vote of confidence on the bank's future...
26 Jun 2012
A shareholder meeting at Turkish mobile phone company Turkcell may not take place this week as scheduled because two major shareholders have failed to settle a dispute over...
26 Jun 2012
The hefty packages being paid to top executives at Xstrata to stay on after the mining firm merges with Glencore may be altered after shareholder anger threatened to scupper the deal...
26 Jun 2012
Mexican glassmaker Vitro SAB is heading to a U.S. appeals court to save its restructuring at home from an assault by U.S. creditors in a case that could transport the U.S. bankruptcy code...
26 Jun 2012
Three directors of the British arm of collapsed Icelandic bank Kaupthing have agreed not to hold senior British bank positions and have escaped a fine at the end of a three-and-a-half...
26 Jun 2012
Wireless tower operator SBA Communications Corp will buy 3,252 mobile phone tower sites in the United States and Puerto Rico from privately held TowerCo for about $1.45 billion to benefit...
26 Jun 2012
Czech electricity producer CEZ is to sell one or two coal-burning power plants in an attempt to end an investigation into suspected anti-competitive behaviour by the European Commission...
26 Jun 2012
German defence group Rheinmetall has postponed plans for an initial public offering (IPO) of its automobile parts division KSPG due to euro zone market volatility...
26 Jun 2012
Bank of Shanghai's push to sell shares in Hong Kong is spearheading the efforts of small and medium-sized Chinese banks to raise much-needed capital in the city after waiting for years...
25 Jun 2012
Australia's richest woman, mining magnate Gina Rinehart, has threatened to dump her shareholding in newspaper publisher Fairfax Media, even as she boosts her stake in TV station Ten Network...
25 Jun 2012
Facebook Inc on Monday named Chief Operating Officer Sheryl Sandberg a director, adding the first woman to a board that includes seven men...
25 Jun 2012
Microsoft Corp agreed to buy online social network firm Yammer Inc for $1.2 billion in cash, which will allow the software company to offer a service like Facebook Inc's to corporate customers...
25 Jun 2012
If Manchester United kicks off its public stock offering in New York this year, it will probably be touted as a triumph for U.S. capital markets. This is, after all, England's top soccer team...
25 Jun 2012
Chilean bottler Embotelladora Andina's shareholders on Monday approved a planned purchase of soft drink distributor Coca Cola Polar via a share swap, creating one of the region's...
25 Jun 2012
Linn Energy LLC will buy natural gas acreage in southwest Wyoming from BP America Production Co for $1.03 billion, its second such deal with the British company this year at a time...
25 Jun 2012
Indonesia's House of Representatives announced late Tuesday the board of commissioners who will oversee the new body, a group of seasoned government and central bank officials led by deputy Bank Indonesia governor Muliaman D. Hadad…
25 Jun 2012
Plans by the world's futures exchanges to shake off weak trading activity by tapping reforms to open up a lucrative new market in European swaps clearing tops the agenda as the...
25 Jun 2012
Payment processor Fidelity National Information Services Inc said it would sell its healthcare benefit solutions business to private equity firm Lightyear Capital for $335 million in cash...
25 Jun 2012
Mexico's growing beer market, big cost savings and control of Corona beer exports have attracted Anheuser-Busch InBev towards a $15 billion buy out of Grupo Modelo...
25 Jun 2012
Quest Software Inc said a strategic bidder has proposed buying the maker of enterprise management software for about $2.32 billion, trumping an earlier offer of nearly $2.17 billion from...
25 Jun 2012
Fidelity National Financial Inc, the No. 1 U.S. property title insurer, will buy restaurant operator J Alexander's Corp for about $72 million...
25 Jun 2012
CITIC Heavy Industries Co will raise 3.2 billion yuan ($502.7 million) after pricing its Shanghai initial public offering at modest valuations, as the government clamped down on excessive price betting...
25 Jun 2012
The European Union's securities watchdog published draft rules on Monday to meet a December global deadline for making the derivatives market safer and more transparent...
25 Jun 2012
Private equity firm Cinven agreed two new deals to extend its reach into the fast-growing Turkish market and tap the resilient energy services sector, amid an otherwise subdued market...
25 Jun 2012
Italy's Banca Monte dei Paschi di Siena is rushing against time to win state-backing for the issuing 1 billion euros of bonds that would allow it to plug a capital shortfall by end June...
25 Jun 2012
Kenya Airways has selected Africa Export-Import Bank (Afreximbank) to arrange financing for the purchase of 20 new aircraft, the carrier said on Monday...
25 Jun 2012
Thomson Reuters Corp said on Monday it has acquired privately held Zawya Ltd, an online service supplying business information in the Middle East and North Africa...
25 Jun 2012
New Zealand's Fonterra, the world's largest dairy exporter, got the greenlight from its farmers on Monday to open its doors to investors with a $400 million fund, but for foreign players...
25 Jun 2012
Abu Dhabi Investment Authority (ADIA), the cash-rich emirate's sovereign wealth fund, expects emerging market stocks to outperform in the long-term and said it took a "selective" approach in deploying money at its fixed income unit in 2011...
22 Jun 2012
Photography retail chain Ritz Camera & Image LLC filed for bankruptcy protection in a U.S. court early on Friday, less than three years after it emerged from its first bankruptcy...
22 Jun 2012
Italian insurer Unipol will sell policies attracting 1.7 billion euros ($2.1 billion) of annual premiums to meet regulatory demands, as it presses ahead with plans to rescue troubled peer...
22 Jun 2012
A planned S$60 million ($47 million) reverse takeover of Singapore bed linen maker Aussino Group may not materialise as the firm planning to inject assets into Aussino is linked to a Myanmar businessman on a U.S. blacklist...
22 Jun 2012
Sundance Resources said Australia's Foreign Investment Review board approved a $1.3 billion takeover of the company by China's Hanlong Mining, clearing another hurdle to the long-awaited deal...
22 Jun 2012
(Reuters) - Evergrande Real Estate, China's No.2 property developer by sales, said on Friday it may take legal action against a short seller that accused it of fraud, bribery and financial irregularity..
22 Jun 2012
British bookmaker William Hill will launch its first U.S. operation when it completes three acquisitions next week, following the award of a licence by the Nevada Gaming Commission...
22 Jun 2012
The Bank of England's risk watchdog looks set to allow lenders next week to free up billions of pounds from their cash buffers and help haul the economy out of recession...
22 Jun 2012
Asia-Pacific M&A deal volumes fell almost 30 percent in the first half from a year earlier as the economic strain arising from the euro zone crisis forced companies to shy away from taking big...
21 Jun 2012
Goldman Sachs Group Inc on Thursday sued CVR Energy Inc, an oil refiner controlled by Carl Icahn, contending that the billionaire investor will not let the company pay $18.5 million of fees...
21 Jun 2012
Walgreen is likely to have a hard time convincing the market it made a healthy choice to buy Alliance Boots, when it issues new debt to replace a USD3.5bn bridge with permanent financing...
21 Jun 2012
BP has asked executives and fellow shareholders in its Russian oil joint venture TNK-BP to stop taking decisions the British group believes need board approval...
21 Jun 2012
Xstrata's share price could fall sharply if its $90 billion mega-merger with commodity trader Glencore falls apart. But that would have more to do with short-term market dynamics than...
21 Jun 2012
The Association of British Insurers, an influential shareholder body, on Thursday condemned mining group Xstrata's plans to pay key executives large sums to ensure they stay on after...
21 Jun 2012
Chemical maker Cabot Corp will buy Netherlands-based activated carbon manufacturer Norit NV from its private equity owners for $1.1 billion, narrowing its focus on higher-margin...
21 Jun 2012
In court documents posted late Wednesday, LightSquared disclosed details about its $40 million debtor in possession (DIP) loan. Subject to Bankruptcy Court approval, the DIP loan...
21 Jun 2012
Securities regulators approved a new rule that requires stock exchanges to force the companies that list on them to meet certain compensation standards, which was mandated by the...
21 Jun 2012
South African coal miner LontohCoal has delayed its $1 billion Hong Kong initial public offering due to difficult market conditions, extending the time frame for the listing to the end of February next year, its chief executive said.
21 Jun 2012
Blackstone Group LP is set to announce the sale of its debt-laden German plastic films group Kloeckner Pentaplast to hedge fund SVP and junior lenders...
21 Jun 2012
Leveraged finance bankers are putting the final touches to the debt package to back the leveraged buyout of Birdseye fishfinger maker Iglo after the two frontrunners BC Partners and...
21 Jun 2012
UBS has got itself into a royal pickle in Kuwait. The Swiss bank is fighting a claim that it failed to pay a local sheikh for helping it secure the $10.7 billion sale of the African subsidiary of part...
20 Jun 2012
Dutch telecom KPN's attempt to sell its German unit E-Plus to Spain's Telefonica - a move intended to ward off an unsolicited approach by Carlos Slim - has fallen through, just days before...
20 Jun 2012
Deutsche Bank AG and Guggenheim Partners have ended negotiations on the potential sale of RREEF, the German bank's global alternative asset management business, after failing to agree...
20 Jun 2012
Brazilian industrial conglomerate Camargo Correa completed its takeover of Portugal's Cimpor on Wednesday, controlling 94.8 percent of the cement-maker, Cimpor said in a statement on...
20 Jun 2012
Embattled U.S. truck and engine maker Navistar International Corp drew a line in the sand with activist investors on Wednesday by adopting a poison pill aimed at keeping outsiders...
20 Jun 2012
The UK government has decided on just the right amount of meddling in executive pay. It had to respond to mounting public disquiet about perceived outsize awards for company...
20 Jun 2012
The limit on the amount of lending exposure U.S. banks can have to any one counterparty will now include some derivative transactions, under a rule released on Wednesday by the Office of...
20 Jun 2012
Shares of Burger King Worldwide Holdings Inc opened at $14.50 on Wednesday, as it started its first round of trading, less than two years of going private in a $3.26 billion sale to...
20 Jun 2012
NYSE Euronext has launched a London-based exchange to challenge the London Stock Exchange for international listings, in a move that for the first time gives the LSE competition over lucrative...
20 Jun 2012
Britain will legislate to give shareholders the power to reject company director pay deals in a bid to improve the link to performance and calm public anger over soaring executive earnings...
20 Jun 2012
Blackstone and BC Partners are jointly bidding for frozen foods group Iglo, hoping to divide the spoils rather than fight it out in what could be Europe's largest buyout of the year...
20 Jun 2012
Investors in a Chinese textile company accused by Hong Kong regulators of exaggerating its earnings have the chance to get most of their money back under a landmark court settlement...
20 Jun 2012
Japan Airlines is expected to apply as early as Wednesday to re-list its shares in September after raising about $8 billion in an initial public offering, doubling the government's investment in a rare successful case of state-led restructuring in Japan...
20 Jun 2012
China's Huadian Fuxin Energy Corp raised about $319 million in a Hong Kong IPO, pricing the city's second biggest offering of the year at the bottom of the indicative range as investors remain wary of new listings...
20 Jun 2012
The Chinese arms of all of the Big Four audit firms have been asked by U.S. regulators to turn over documents related to audits of China-based companies listed in the United States...
19 Jun 2012
O'Melveny & Myers announced plans Tuesday to open an office in Seoul, becoming the latest U.S. law firm to apply to establish an outpost in South Korea...
19 Jun 2012
U.S. drugstore chain Walgreen Co is taking a 45 percent stake in European health and beauty group Alliance Boots Holdings Ltd for $6.7 billion in cash and stock, making a surprisingly big bet on...
19 Jun 2012
KKR has found the right formula to exit Alliance Boots, its top-of-the-market drugstore deal. Walgreen's two-stage acquisition of its European rival should more than double the...
19 Jun 2012
A prolonged "shareholder spring" of confrontation between investors and executives would harm British firms, the head of one of Britain's biggest investor groups said on Tuesday.
19 Jun 2012
Voice and data communication equipment maker Sonus Networks will buy smaller rival Network Equipment Technologies for $41.3 million to tap into the government segment...
19 Jun 2012
A fifth of company announcements in Britain are preceded by unexplained share price moves, the Financial Services Authority (FSA) said on Tuesday, in its final report before being wound...
19 Jun 2012
Russian investment and trading group Summa will make an offer to minor shareholders in transport group FESCO after agreeing to buy the controlling stake of businessman Sergei Generalov...
19 Jun 2012
A planned deal involving a wind farm operator that would have resulted in Belgium's first major stock market flotation in three years has been delayed, with the companies involved blaming...
19 Jun 2012
A unit of China's state-owned aluminum producer Chinalco on Tuesday launched a pared-down Hong Kong IPO without Morgan Stanley and UBS, which may have dropped out on...
19 Jun 2012
Canada's Fairfax Financial Holdings Ltd's RiverStone runoff unit will buy Brit Insurance Ltd of London from Brit Group for about $300 million...
19 Jun 2012
Anglo-French property developer Hammerson is selling the bulk of its London office portfolio to Brookfield Office Properties for 518 million pounds ($812 million), it said on Tuesday, in line with its strategy of becoming a specialist retail property company...
19 Jun 2012
AIA Group, Manulife and Prudential PLC are among companies that have made initial bids for the life insurance joint venture of Malaysia's CIMB Group and Aviva in a deal estimated to be worth at least...
18 Jun 2012
China will let insurers manage offshore yuan funds, a business now limited to fund houses and brokerages, giving a potential booost to the sector as the country pursues broad financial reforms...
18 Jun 2012
Kohlberg Kravis Roberts, the private equity company, has bought hedge fund money manager Prisma Capital Partners LP, marking the latest move by the private equity sector to boost assets by...
18 Jun 2012
U.S. Securities and Exchange Commission Chairman Mary Schapiro will sketch a regulatory roadmap to JPMorgan Chase & Co's recent huge trading loss, but will stop short of discussing the...
18 Jun 2012
Facebook Inc said Monday it was buying Face.com, the company that now provides facial-recognition technology used by the world's largest social network to help users identify...
18 Jun 2012
India's Oil and Natural Gas Corp (ONGC) and China National Petroleum Corp (CNPC) have signed an agreement to renew a cooperation pact in areas such as exploration, the chairman of the Indian company told Reuters.
18 Jun 2012
It sounds more 2007 than 2012. But even if markets aren't quite ready for an 8 billion pound ($12.5 billion) buyout of Everything Everywhere, it could make sense someday, somehow...
18 Jun 2012
InterDigital Inc said on Monday it had agreed to sell to Intel Corp about 1,700 wireless technology patents for $375 million, sending InterDigital shares up 27 percent...
18 Jun 2012
Xstrata shareholders should vote down the $45 million three-year retention package awarded to Chief Executive Mick Davis to seal the miner's tie-up with commodity trader Glencore...
18 Jun 2012
Blanket curbs on "shadow banking" could damage the financial system and set back economic recovery, a body representing the world's top bankers said on Monday, making a plea...
18 Jun 2012
There is a very powerful narrative to the proposed sale of the London Metal Exchange (LME) to Hong Kong Exchanges and Clearing Ltd (HKEx)...
18 Jun 2012
AXA Private Equity has raised a larger than expected $8 billion from investors, much of which it will use to take assets off the hands of banks cutting down their exposure in the face of...
18 Jun 2012
Italian notebook maker Moleskine plans to list in Milan this year and has hired investment banks to run the sale of stock in the company, whose thread-bound jotters are based on originals favoured by...
18 Jun 2012
The owners of German chemical company Evonik scrapped plans on Monday for what could have been Europe's biggest initial public offering (IPO) in more than a year and said it would only...
18 Jun 2012
Yamana Gold Inc said it would buy Extorre Gold Mines Ltd for C$412.9 million ($403.44 million) in a cash-and-stock deal, to build its portfolio of high-grade gold and silver deposits in Argentina...
18 Jun 2012
Global food and dairy companies are making another round of big bets on China's fast growing dairy sector, seeking to position themselves as safe alternatives after a lethal baby formula scandal...
18 Jun 2012
Mobile phone group Vodafone's 1.04 billion-pound ($1.63 billion) offer for Cable & Wireless Worldwide looked certain to succeed on Monday after the British fixed line operator's biggest shareholder dropped its opposition...
18 Jun 2012
Synthetic rubber producer Synthos launched a 1.96 billion zlotys ($578 million) offer for fertiliser maker Pulawy on Monday, the second bid for a state-controlled chemical group within the last month...
18 Jun 2012
British supermarket giant Tesco Plc said on Monday it will sell half of its Japanese business to the country's No.2 general retailer Aeon Corp for a nominal sum, ending an eight-year attempt to crack Japan's tough retail market...
18 Jun 2012
Auditors in Hong Kong are mounting an increasingly vocal campaign against a proposed new law that would make them face criminal sanctions for shoddy audit work...
15 Jun 2012
U.S. biotech company Human Genome Sciences Inc, fighting a hostile bid from GlaxoSmithKline Plc, set a July 16 deadline for definitive takeover offers on Friday and made another plea for GSK...
15 Jun 2012
The Hong Kong stock exchange agreed to pay 1.4 billion pounds ($2.18 billion) to buy the 135-year-old London Metal Exchange, the world's biggest marketplace for industrial metals...
15 Jun 2012
Motorola Solutions Inc said on Friday it agreed to buy mobile computing company Psion Plc for $200 million in cash to expand its business with industrial clients...
15 Jun 2012
Canadian drugmaker Valeant Pharmaceuticals International Inc will buy privately held drugmaker OraPharma for about $312 million, to enter the dental market...
15 Jun 2012
Hong Kong's stock exchange is digging deep to get into the commodities business. It is paying an alarming 58 times last year's earnings for the London Metals Exchange, even after...
15 Jun 2012
China on Friday granted conditional approval to U.S. conglomerate United Technologies Corp's $16.5 billion takeover of aircraft parts maker Goodrich Corp, saying Goodrich needed to divest or...
15 Jun 2012
Cathay Financial, Taiwan's top financial holding firm, will raise up to T$40 billion ($1.33 billion) to acquire rivals or build partnerships in China, its president said on Friday, as trade ties across the Taiwan Strait warm...
15 Jun 2012
Sovereign wealth fund Kuwait Investment Authority (KIA), money manager BlackRock Inc, and twenty other cornerstone investors will buy around 62 percent of Malaysian firm IHH Healthcare's up-to-$2 billion IPO...
15 Jun 2012
South Korean refiner Hyundai Oilbank, a heavy user of Iranian crude, postponed its planned $2 billion initial public offering on Friday due to the euro zone crisis, and ahead of a pending suspension of Iran...
14 Jun 2012
China will allow domestic firms to use foreign currency loans from domestic banks to finance operations overseas, in a move to promote overseas expansion by Chinese companies...
14 Jun 2012
Diamond Foods Inc said it received a letter from the Nasdaq notifying the company that it had missed the deadline for filing its already-delayed quarterly reports, which could lead to...
14 Jun 2012
The U.S. Commodity Futures Trading Commission may delay by up to a year a requirement that large overseas banks active in the swaps market comply with costly new swaps rules...
14 Jun 2012
German utility Energie Baden-Wuerttemberg plans to raise at least 820 million euros ($1.03 billion) in fresh capital through a rights issue financed almost entirely from public coffers...
14 Jun 2012
Northstar Aerospace Inc sought protection from creditors in the United States and Canada, as the aircraft parts maker looks to put itself up for sale...
14 Jun 2012
AOL Inc shareholders re-elected the company's eight-member board of directors on Thursday, handing a defeat to activist hedge fund Starboard Value, which had sought to unseat...
14 Jun 2012
British group Tesco, the world's third-biggest retailer, has paid 10.8 million pounds ($17 million) to buy a digital music business, in a move which forms part of its plan to develop a presence...
14 Jun 2012
Britain's top fraud busting agency is to focus on big cases and improving intelligence and quality control, as its new boss shakes up a body lambasted in the courts for its handling of a case...
14 Jun 2012
Heightened emotions over executive pay are likely to hang over Glencore and Xstrata bosses' last ditch meetings with key investors, raising tensions in the last weeks before a July vote...
14 Jun 2012
Trucking company Arkansas Best Corp will buy Panther Expedited Services from private equity firm Fenway Partners for $180 million including debt to enhance its logistics offering...
14 Jun 2012
Highly paid executives in the United States and Britain take note - your Swedish counterparts are paid much less, yet still deliver strong corporate results...
14 Jun 2012
Believe it or not, Malaysia has just become Asia’s top IPO destination in 2012. Palm oil producer Felda priced its $3.1 billion public offering near the top of its price range, making it 2012’s...
14 Jun 2012
Oil major Royal Dutch Shell extended the deadline on Thursday for shareholder acceptances for its $1.8 billion offer for Cove Energy to June 27...
14 Jun 2012
Spain may need to wind down one of its bailed-out savings banks, the European Union's competition chief said on Wednesday, warning liquidation of a bank may be preferable if the costs of rescuing it are too high for taxpayers...
14 Jun 2012
Beijing Yanjing Brewery Co Ltd has dropped out of the race to buy brewery assets being sold by China Kingway Brewery Holdings after failing to reach an agreement on the price, a source said...
14 Jun 2012
Sovereign wealth fund Kuwait Investment Authority (KIA) will invest about $150 million in Malaysian firm IHH Healthcare's planned $2 billion IPO in Kuala Lumpur and Singapore, two sources with direct knowledge of the deal said...
13 Jun 2012
U.S. lawmakers are pressing two top Chinese technology companies to disclose their inner workings in a probe into security threats to U.S. telecommunications...
13 Jun 2012
Ice-hockey and lacrosse equipment maker Bauer Performance Sports Ltd said on Wednesday it will buy Cascade Helmets Holdings, a privately held U.S. maker of lacrosse helmets...
13 Jun 2012
Manchester United's IPO transfer will keep the Glazer family firmly in control. New York doesn't seem like the natural venue for a soccer share sale. But it's plausible the deal will still fly, and the...
13 Jun 2012
Manchester United, the world's best-supported soccer club, has ditched its plans for an Asian stock market flotation and is preparing to list in the United States, according to sources...
13 Jun 2012
Shipping and oil group A.P. Moller-Maersk and wind turbine maker Vestas became on Wednesday the latest Danish firms to say they would sign deals with Chinese partners when...
13 Jun 2012
A Chinese-born Swedish investor with Japanese support has agreed to buy bankrupt automaker Saab Automobile and plans to bring it back to life as a maker of electric cars, with an initial focus on...
13 Jun 2012
British oil firm Cairn Energy said it agreed to buy UK-focused Nautical Petroleum for 414 million pounds ($644 million), its second North Sea acquisition as part of a move to balance its high-risk...
13 Jun 2012
U.S. drugmaker Upsher-Smith Laboratories is to buy British group Proximagen for 223 million pounds ($347 million) plus further payments potentially worth up to 134 million based on the success of two experimental drugs...
13 Jun 2012
U.S. derivatives customers should be able to choose whether to fully segregate their funds for added protection or to opt for less stringent safeguards in place now, a U.S. regulator...
12 Jun 2012
A pilot program that will give parties more flexibility in securities arbitration cases involving $10 million or more in claims will launch on July 2, a Financial Industry Regulatory Authority...
12 Jun 2012
Company directors in the United States have a new monster under the bed...
12 Jun 2012
U.S. Supreme Court Justice Potter Stewart famously wouldn't define pornography, but said: "I know it when I see it." Sadly it's a bit the same with global regulators and the world of...
12 Jun 2012
Lawyers for Wal-Mart Stores Inc have flagged Brazil, China, India and South Africa in addition to Mexico, as countries that represent the highest corruption risk in a global review...
12 Jun 2012
The newest members of the U.S. Federal Deposit Insurance Corp raised concerns on Tuesday that forthcoming international bank capital standards, known as Basel III, might not be...
12 Jun 2012
Kazakh miner ENRC promised shareholders a simpler and more transparent structure and said on Tuesday it is considering options to boost its lagging valuation, from joint ventures to...
12 Jun 2012
Sadara, the $20 billion petrochemical joint venture between oil giant Saudi Aramco and Dow Chemical, picked four banks to manage the Islamic bond, or sukuk, portion of its...
12 Jun 2012
Europe's investment banks launched a best-practice label for complex debt instruments that were at the heart of the credit crisis, as the capital markets industry fights back to kick-start...
12 Jun 2012
IHH Healthcare Bhd's $2 billion listing has attracted a strong cast of cornerstone investors including Blackrock Inc, sources said, as Malaysia bucks a weak trend for Asian stock flotations this year...
11 Jun 2012
European finance officials have discussed limiting the size of withdrawals from ATM machines, imposing border checks and introducing euro zone capital controls as a worst-case scenario should Athens decide to leave the euro...
11 Jun 2012
Deloitte & Touche LLP agreed to pay $19.9 million to settle litigation brought by former Bear Stearns Cos shareholders who claimed they were misled about the investment bank's deteriorating...
11 Jun 2012
Private equity firm Apax Partners and technology investment firm JMI Equity agreed to pay about $1 billion cash for software group Paradigm, whose technology helps oil and gas companies...
11 Jun 2012
New York City's pension funds on Monday became the latest group to file a derivative lawsuit against Wal-Mart Stores Inc based on reported allegations of bribery in Mexico and a possible...
11 Jun 2012
The U.S. Securities and Exchange Commission released a "roadmap" on Monday that shows the order in which it expects new rules for the over-the-counter derivatives market to take effect...
11 Jun 2012
Telefonica SA's surprise sale of around half its stake in China's no.2 telecoms operator is the latest sign that the company's management is taking seriously the reduction of its 57.1 billion euro...
11 Jun 2012
Europe's top technology regulator Neelie Kroes supports consolidation as one way to create a handful of strong cross-border telecom leaders, which can invest more in mobile and broadband networks...
11 Jun 2012
The private equity arm of Canadian pension fund OMERS said on Monday it will buy Lifeways, a British provider of services for adults with learning disabilities, from private equity firm August Equity...
11 Jun 2012
China's banking regulator has told banks to assess loans to credit guarantee firms and step up checks on the sector, sources who have seen the documents told Reuters...
11 Jun 2012
Cequence Energy Ltd raised by 3 percent the number of shares it will offer to buy Open Range Energy Corp, following a 15 percent drop in Cequence's share price since the companies...
11 Jun 2012
A planned cash injection into French set-top box maker Technicolor SA hit a snag on Monday as the group said it had rejected a higher offer from an investment fund managed by JPMorgan...
11 Jun 2012
Swedish private equity group EQT agreed to buy German bandage and plaster cast maker BSN medical for about 1.8 billion euros ($2.2 billion), sealing one of the largest buyout deals in Europe...
11 Jun 2012
Singapore state investor Temasek Holdings has taken a 5.5 percent stake in Canada's Ivanhoe Mines valued at $426 million, increasing its bet on resources firms...
11 Jun 2012
China diversified clean-energy firm Huadian Fuxin Energy Corp has cut the size of its planned Hong Kong initial public offering by nearly two-thirds to $340 million, underscoring a weak global...
8 Jun 2012
The partner Diaspora spawned by the collapse of Dewey & LeBoeuf has raised anew a thorny question: What happens to the profits from cases those Dewey lawyers took with them...
8 Jun 2012
Chesapeake Energy Corp shareholders delivered a sweeping rebuke of the company's Chief Executive Aubrey McClendon and its board on Friday, by rejecting two directors up for reelection...
8 Jun 2012
Chilean industrial conglomerate Copec's forestry arm Arauco said on Friday its Canadian unit would buy Canada's wood panel firm Flakeboard for $242.5 million, as Arauco seeks to consolidate...
8 Jun 2012
Realogy Corp's parent Domus Holdings Corp, owned by Apollo Group and Paulson & Co, plans to raise up to $1 billion in an initial public offering as the real estate services company looks to lighten...
8 Jun 2012
After Citigroup Inc shareholders voted against a board-approved $15 million pay package for CEO Vikram Pandit in April, there was a lot of talk about a shareholder spring. But according to...
8 Jun 2012
Chesapeake Energy Corp plans to sell its pipeline and related assets to Global Infrastructure Partners for more than $4 billion, as the company scrambles to plug an estimated $10 billion funding...
8 Jun 2012
The U.S. Securities and Exchange Commission expects state regulators to take over oversight this month for about 2,400 investment advisers that are now its responsibility, but the change...
8 Jun 2012
Data analysis software company Tableau Software and developer tools maker Atlassian are among several small, business software firms preparing to go public in the next 12 months, hoping...
8 Jun 2012
Russia's Sberbank clinched the purchase of Turkey's DenizBank for up to 3.09 billion euros ($3.9 billion), expanding its footprint in emerging Europe and diversifying it away from a home...
8 Jun 2012
Debt-laden property developer Greentown China plans to raise HK$5.1 billion ($657 million) by selling stock and issuing convertible bonds to shareholder Wharf Holdings...
8 Jun 2012
Global brewer Heineken is buying Belgium's Stassen Ciders to extend its lead in the growing world cider market and tap into the small family controlled company's skills in developing...
8 Jun 2012
Britain's Rolls-Royce said it would buy out partner Goodrich Corp in its engine controls joint venture, gaining full ownership of its fuel pumps and metering units business...
8 Jun 2012
China launched its high-yield "junk bond" market on Friday, kicking off a new funding channel that by some estimates will see as much as $50 billion in capital flow to cash-starved private...
7 Jun 2012
The Federal Reserve rejected pleas by the U.S. banking industry in releasing on Thursday a rigorous interpretation of an international agreement on higher capital standards for banks...
7 Jun 2012
The video game company owned by former Boston Red Sox pitcher Curt Schilling filed bankruptcy papers on Thursday, less than two years after it won a $75 million loan guarantee from Rhode Island...
7 Jun 2012
Buoyed by a push to investment-grade status by Moody's last month, Ford Motor Credit on Thursday took full advantage of positive sentiment in the US investment grade market, raising a healthy...
7 Jun 2012
Former Bear Stearns Cos shareholders who claimed they were misled about the investment bank's deteriorating health agreed to settle their nationwide lawsuit for $275 million, four years after...
7 Jun 2012
The U.S. Securities and Exchange Commission expects state regulators to take over oversight this month for about 2,400 investment advisers that are now its responsibility, but the change...
7 Jun 2012
The exchange offered brokers a measly and controversial $40 mln to compensate them for over $120 mln of losses derived from the badly botched IPO of the social network. That has...
7 Jun 2012
Investcorp, a Bahrain-based investment company, is seeking a loan of more than $500 million to help refinance debt due in 2013 as it looks to head off any potential refinancing risk next year...
7 Jun 2012
China's securities watchdog has ordered the cities of Beijing, Shanghai and Shenzhen to increase regulation of sales of corporate bills by banks to brokerages to restrain off-balance sheet lending...
7 Jun 2012
Europe's biggest bank, HSBC, said on Thursday it had agreed to sell its Greek stock broking business, HSBC Securities S.A., to a group of investors led by the unit's current managing...
7 Jun 2012
Nasdaq OMX Group Inc said it will offer $40 million in cash and rebates to clients harmed by its mishandling of Facebook Inc's market debut...
7 Jun 2012
Quixey, a search engine for apps, said it had raised $20 million in Series B funding to fund expansion in technological capabilities as apps become the predominant way people access the Internet...
6 Jun 2012
Shareholders often sue corporate directors when they adopt poison pills to fend off mergers...
6 Jun 2012
U.S. bank regulators likely would have had an earlier look at JPMorgan Chase & Co's unraveling hedging strategy if the Volcker rule had been in place, Federal Reserve Governor...
6 Jun 2012
American clothing designer Kenneth Cole will take his eponymous fashion house private for $15.25 per share, slightly more than he had offered in February...
6 Jun 2012
Global regulators agreed on minimum rules on Wednesday to shed light on the $700 trillion derivatives market, after being hamstrung by a dearth of information in the credit crunch...
6 Jun 2012
RSA, Britain's biggest commercial insurer, has agreed to buy Canada's L'Union Canadienne for 94 million pounds ($144.48 million), more than doubling its share of the lucrative Quebec market...
6 Jun 2012
Rupert Murdoch's News Corp has bought out Walt Disney Co's 50 percent stake in Asian joint venture ESPN STAR Sports (ESS) for an undisclosed sum, ending a 16-year partnership in the region...
6 Jun 2012
Buddhist and Taoist temples have no right to go public and list shares on stock exchanges, a Chinese official was quoted in state media as saying of an issue that seems to have touched...
6 Jun 2012
China is restarting its securitisation industry for the first time in four years by letting banks securitise as much as 50 billion yuan ($7.9 billion) of assets between them, IFR cited three sources as...
5 Jun 2012
Mexico's Carlos Slim has purchased a 4.1 percent stake in Telekom Austria, in a new move into the European market by his mobile giant America Movil, which is already seeking a bigger share of Dutch telecom KPN.
5 Jun 2012
Belden Inc, a manufacturer of cable-TV and networking products, said on Tuesday it will buy Canadian rival Miranda Technologies Inc for C$377 million ($362.1 million) to expand its...
5 Jun 2012
Morgan Stanley agreed to pay $5 million to settle charges brought by the Commodity Futures Trading Commission that it executed unlawful noncompetitive trades, the agency said on Tuesday...
5 Jun 2012
Initial public offerings are more than just a one-time event to raise money. The success or failure of a high-profile capital markets deal can also influence how a company is more broadly perceived...
5 Jun 2012
Volkswagen increased its shareholding in MAN SE, opening the door to a possible domination and profit transfer agreement and sending shares in the German truck maker sharply higher...
5 Jun 2012
Chinese smartphone maker Xiaomi Technology is in the process of closing a fundraising round that will value it at $4 billion - almost half of Nokia's market capitalization - a source with...
5 Jun 2012
SNC-Lavalin Group Inc, a Canadian construction company, said it bought DBA Engineering to expand its presence in Ontario...
5 Jun 2012
Chinese-based Hanergy Holding Group will acquire thin-film solar module maker Solibro, a subsidiary of insolvent German solar group Q-Cells, as Chinese cleantech groups tighten their grip on...
5 Jun 2012
Spanish motorway firm Abertis and other shareholders of Portugal's largest highway operator Brisa have teamed up to fight a 700 million euro ($875 million) takeover bid they say is too low...
5 Jun 2012
Thomas H. Lee Partners has struck a deal to buy control of Party City in a deal that values North America's largest retailer of party goods at $2.69 billion, the private equity firm...
5 Jun 2012
Hong Kong conglomerate Hutchison Whampoa is to take back control of Partner Communications in a deal that will help the Israeli mobile phone company's parent Scailex tackle its debts...
5 Jun 2012
Leveraged buyouts (LBOs) do not worsen investor recoveries, according to a new report by Moody's Investor Service. The rating agency said that the high leverage of LBOs has not translated into...
5 Jun 2012
The U.S. futures regulator on Friday delayed by 60 days the compliance date for a rule that seeks to boost the independence of research analysts at futures brokers, heeding a last-ditch...
5 Jun 2012
Italian insurer Unipol has agreed to jettison a 3.8 percent stake it will hold in top investment house Mediobanca after a planned takeover of peer Fondiaria-SAI to address competition concerns...
4 Jun 2012
The law firm Brown Rudnick has been tapped to represent the committee of unsecured creditors in the bankruptcy of legal giant Dewey & LeBoeuf - a bankruptcy that is expected to be...
4 Jun 2012
Asia's share of global private equity investments has doubled to 21 percent in the past four years, helped by last year's strong growth and that figure should continue to rise...
4 Jun 2012
The world's biggest search engine, Google Inc, will buy Meebo Inc, a startup that helps online publishers connect their websites with social network sites, Meebo said on its blog...
4 Jun 2012
China's Hanlong Mining has cleared one of three key hurdles to its long-delayed $1.3 billion takeover of Australia's Sundance Resources, agreeing on key terms with Cameroon for developing the Mbalam iron ore project...
4 Jun 2012
Starbucks Corp said on Monday it is buying La Boulange Bakery owner Bay Bread LLC in a deal that takes aim at what long has been seen as its biggest weakness: food...
4 Jun 2012
Nordson Corp will buy Xaloy Superior Holdings Inc for $200 million, to expand its offering to flexible packaging and plastic processing markets...
4 Jun 2012
Insurer Unipol said on Monday the share swap ratio proposed by troubled peer Fondiaria-SAI as part of plans for the two groups to merge and create Italy's No. 2 insurance company can be...
4 Jun 2012
Top executives at Bank of America Corp did not tell shareholders just before a 2008 vote on its purchase of Merrill Lynch & Co that Merrill's losses were mounting and expected to weigh...
4 Jun 2012
Top shareholders of Chesapeake Energy Corp will take control of the board of directors after the natural gas producer came under intense pressure to reform following a governance crisis and...
4 Jun 2012
Chesapeake Energy has finally caved. Shareholders including Southeastern Asset Management and activist Carl Icahn will now get to pick four directors at the beleaguered U.S. natural gas firm...
4 Jun 2012
Debt-laden Polish builder PBG filed for bankruptcy protection on Monday only days before the start of the Euro 2012 soccer tournament, blaming difficulties related to road and...
4 Jun 2012
Wal-Mart Stores Inc Chief Executive Michael Duke, Chairman Rob Walton and former CEO Lee Scott received a far higher percentage of votes against re-election to the board of directors this year...
4 Jun 2012
German publisher Axel Springer and Swistzerland's Ringier agreed on Monday to pay $267 million to buy 75 percent of Poland's top Internet portal Onet.pl from Polish broadcaster TVN to boost...
4 Jun 2012
Lab-testing company Laboratory Corp of America Holdings will buy smaller rival Medtox Scientific Inc for $27 a share, or about $245 million, in cash...
4 Jun 2012
U.S. securities regulators have approved a one-year pilot for a plan designed to protect equity markets from volatile price swings in the wake of the May 6, 2010 "flash crash"...
4 Jun 2012
Salesforce.com Inc will buy Buddy Media, which helps big brands manage Facebook and Twitter pages, for about $689 million, in the latest sign that the social media marketing sector...
4 Jun 2012
IWatt Inc, which makes power management chips used in Apple products, filed with U.S. regulators to raise up to $75 million in an initial public offering of its common stock...
4 Jun 2012
Health insurer WellPoint Inc plans to buy contact-lens and eyewear retailer 1-800 Contacts Inc for a transaction value close to $900 million, the Wall Street Journal reported, citing a person familiar...
4 Jun 2012
With Dim Sum yields more than doubling for some tenors and rate cuts looming in China, it may soon be cheaper for Chinese companies to borrow money onshore...
3 Jun 2012
MELBOURNE, June 4 (Reuters) - Australia's Brambles Ltd, the world's biggest pallet supplier, said on Monday it was scrapping a planned sale of its $2 billion Recall information...
3 Jun 2012
LONDON, June 3 (Reuters) - Britain's Serious Fraud Office is set to carry out spot checks on firms' reporting of suspicious trades in the City of London, the Financial Times reported on Monday.
3 Jun 2012
Hutchison Whampoa of Hong Kong is in advanced talks to acquire control of Scaile, the parent company of Israeli mobile phone operator Partner Communications...
1 Jun 2012
Dynegy Inc on Friday won a U.S. bankruptcy judge's approval of a settlement with creditors, putting the power producer's Dynegy Holdings LLC unit one step closer to emerging from...
1 Jun 2012
The Commodity Futures Trading Commission staked a claim on Friday as a potential creditor of failed commodities brokerage MF Global Inc, in a sign it may charge the bankrupt firm and seek...
1 Jun 2012
A Russian state firm has offered to buy BP Plc's half share in its Siberian joint venture, a source said on Friday, in what would amount to a stunning reversal for the British firm and a bold...
1 Jun 2012
Canadian auto parts maker Wescast Industries Inc has agreed to be bought by China's Sichuan Bohong Industry Co Ltd for C$145.6 million, about C$34 million less than the price...
1 Jun 2012
Swiss-based commodities trader Mercuria said on Friday it has raised the equivalent of nearly $2 billion via two loan facilities, at a time when smaller rivals are struggling to drum up...
1 Jun 2012
Carlos Slim may drive KPN to poison. The Dutch telecoms group wants to dodge what it sees as a takeover-on-the-cheap from the world's richest man. Slim is hoping to nab...
1 Jun 2012
Debt-burdened poultry group Doux, which employs more than 3,000 people in France, is to seek court protection from creditors on Friday after failing to reach an agreement with bankers...
1 Jun 2012
A committee of four former Dewey & LeBoeuf partners has been set up in the law firm's bankruptcy case, giving them a seat at the table in the wind-down of the crippled firm...
1 Jun 2012
Britain has filed a lawsuit against the European Union in a last-ditch bid to thwart giving new European financial regulators the power to ban short-selling shares against London's will...
1 Jun 2012
Verizon Communications Inc said on Friday that it would buy Hughes Telematics Inc for $612 million in cash as it looks to beef up its enterprise business with machine-to-machine...
1 Jun 2012
Private equity property funds run by Blackstone and Morgan Stanley have agreed to pay A$640 million ($621 million) to acquire a A$1.9 billion portfolio of distressed property loans...
1 Jun 2012
Motor sport racing company Formula One has delayed its Singapore initial public offer worth up to $3 billion, the fifth big Asian IPO to be postponed or pulled in a week, as weak markets...