NEWS
August 2011
31 Aug 2011
China Premier Wen Jiabao warned that debt problems in Europe and the United States cannot be solved in the short term, and that the world economy is still fragile...
31 Aug 2011
Brazil's central bank slashed its benchmark interest rate to 12 percent from 12.5 percent on Wednesday in a shock move that reflects a mounting global slowdown and weaker growth in Latin America's largest economy...
31 Aug 2011
Australia's dominant phone company, Telstra Corp , would continue to cooperate with the government's $38 billion national broadband project, even if its biggest rival ended up not participating in the project, Telstra said on Thursday...
31 Aug 2011
They've been napping for decades, but Britain's financial regulators are finally starting to crack their knuckles…
31 Aug 2011
Elcoteq , the Finnish electronics manufacturer under insolvency proceedings, said its three subsidiaries have filed for bankruptcy due to a lack of funding…
31 Aug 2011
The U.S. government sued to block AT&T's $39 billion deal to buy T-Mobile USA because of anti-competition concerns, launching the biggest challenge to a takeover by the Obama administration…
31 Aug 2011
Manchester United's $1 billion initial public offering in Singapore will use a two-tier share structure to minimise the influence of its new shareholders, a source familiar with the transaction said…
31 Aug 2011
Black-clad special forces raided BP's Moscow offices on Wednesday, deepening the British company's problems in Russia after its attempts to salvage an oil exploration agreement in the Russian Arctic collapsed…
31 Aug 2011
A federal judge has dismissed claims by Deutsche Bank AG and the mortgage unit of France's BNP Paribas SA that Bank of America breached its obligations on a total of more than $1.7 billion of mortgage-related transactions, according to court documents…
31 Aug 2011
Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study said on Wednesday...
31 Aug 2011
U.S. authorities are investigating whether business software maker Oracle Corp's deals in Africa violated federal anti-bribery laws, the Wall Street Journal reported, citing sources familiar with the matter…
31 Aug 2011
Japan's Sony Corp, Toshiba Corp and Hitachi Ltd will merge their liquid-crystal display operations using $2.6 billion of government-backed funds to fend off growing competition from rivals in South Korea and Taiwan…
31 Aug 2011
Google Inc's blockbuster acquisition of Motorola Mobility Holdings Inc will bring an unusual stable of tax and accounting benefits to the search-engine giant…
31 Aug 2011
A Swiss parliamentary committee voted in favour of proposed tough capital standards for UBS and Credit Suisse , but rejected a proposal to cap bonuses at the big banks...
31 Aug 2011
Russian bailiffs raided the Moscow offices of a BP <BP.L> trading unit Wednesday, company sources said...
31 Aug 2011
Tesco Plc <TSCO.L>, the world's No.3 retailer, has put its loss-making Japanese business up for sale, abandoning an eight-year attempt to break into a tough retail market and underscoring its new boss's commitment to investor returns...
30 Aug 2011
Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion…
30 Aug 2011
Creditors of Lehman Brothers Holdings Inc will be allowed to vote on the failed bank's $65 billion payback plan, clearing a major hurdle…
30 Aug 2011
A group of borrowers sued Bank of America Corp to block its proposed $8.5 billion settlement over mortgage-backed securities losses…
30 Aug 2011
Iceland responded warily on Tuesday to a Chinese tycoon's plan to buy a swathe of isolated land for a green tourism venture, a deal which analysts say raises security questions due to the North Atlantic island's strategic location...
30 Aug 2011
The U.S. Securities and Exchange Commission charged a partner of an investment adviser to private equity funds Monday with breaching his fiduciary duty by secretly usurping a lucrative investment opportunity from the funds he helped manage…
30 Aug 2011
Oil company Exxon and state-owned Russian peer Rosneft are to develop oil and gas reserves in the Russian Arctic jointly…
30 Aug 2011
Hong Kong businessman Carson Yeung, the owner of English football club Birmingham City, was granted permission to travel to Britain by a judge on Tuesday while he awaits trial on money laundering charges in his home city...
30 Aug 2011
Companies who mis-sold payment protection insurance have so far paid out 215 million pounds in compensation, Britain's Financial Services Authority…
30 Aug 2011
A Delaware bankruptcy court has approved the reorganization plan of Harry & David Holdings Inc…
30 Aug 2011
Citic Securities, China's biggest publicly traded brokerage, has obtained approval from the China Securities Regulatory Commission for its potential $2 billion initial public offering in Hong Kong…
30 Aug 2011
Bank of America Merrill Lynch, the investment banking unit of Bank of America will likely climb two positions in mergers and acquisitions rankings…
30 Aug 2011
Innkeepers USA Trust sued Cerberus Capital Management LP and Chatham Lodging Trust over their decision to call off their $1.12 billion…
30 Aug 2011
Peabody Energy and ArcelorMittal have won over Macarthur Coal with a sweetened A$4.9 billion…
30 Aug 2011
New Shore Energy Corp, which develops onshore oil and natural gas projects, filed with U.S. regulators on Tuesday…
30 Aug 2011
Lehman Brothers Holdings Inc will ask a bankruptcy judge on Tuesday to let creditors vote on its $65 billion…
30 Aug 2011
Czech banks are better off than many of their EU counterparts, central bank financial health checks showed, projecting that lenders in the eastern European state have large enough capital cushions to withstand a major slump relatively unscathed...
30 Aug 2011
The United States Committee on Foreign Investment waved through Deutsche Boerse's proposed takeover of the New York Stock Exchange…
30 Aug 2011
Many of the world's biggest energy companies may have to surrender most of the gas from Iraq's vast southern oilfields to a processing and export project led by Shell, a final draft contract between Baghdad and Europe's biggest company...
30 Aug 2011
Hong Kong-listed shares of China Construction Bank Corp rose more than 4 percent on Tuesday after Bank of America Corp said it will sell about half of its 10 percent stake in the Chinese lender…
29 Aug 2011
Peabody Energy and ArcelorMittal have sweetened a takeover offer for Macarthur Coal to A$4.9 billion ($5.2 billion), securing the backing of the Australian miner for the offer after a rival bidder failed to emerge...
29 Aug 2011
Bank of America Corp is selling about half its stake in China Construction Bank for $8.3 billion, in its latest effort to shed assets and boost capital…
29 Aug 2011
Sino-Forest, once the biggest forestry company on the Toronto Stock Exchange, is running out of room to maneuver following fraud allegations, a stock trade halt, the departure of its CEO and further downgrades on its debt...
29 Aug 2011
Zynga, the social games maker may delay its plans for an initial public offering because of…
29 Aug 2011
A state commission on Friday recommended that New York state judges receive a 27-percent pay hike over the next three years, the judiciary's first raise since 1999…
29 Aug 2011
Longtop Financial Technologies Ltd said on Monday it may face civil charges by the Securities and Exchange Commission, signaling stepped-up regulatory enforcement of possible accounting irregularities at Chinese companies…
29 Aug 2011
Fitch Ratings settled a lawsuit in which the largest U.S. public pension fund alleged unreasonably high ratings on structured investment vehicles, according to a court document filed on Friday…
29 Aug 2011
Greece's Alpha and EFG Eurobank sealed a merger on Monday, with help from Qatar, that is expected to trigger more deals to shore up banks…
29 Aug 2011
Cisco Systems Inc. said on Monday that it has bought privately-held firm Versly to expand in collaboration technology aimed at corporate clients looking to make employees work together more easily…
29 Aug 2011
U.S. regulators gave General Electric Co. conditional approval to buy Converteam, a French maker of high-efficiency motors for oil and gasoline refineries…
29 Aug 2011
The FDIC and more than three dozen other investors on Monday lodged objections to Bank of America Corp's $8.5 billion settlement of claims over losses…
29 Aug 2011
Mexico-focused miner AuRico Gold has offered to buy Northgate Minerals for C$1.46 billion ($1.5 billion) in a friendly deal…
29 Aug 2011
Facing limited domestic growth options because of their inability to merge, Canadian banks are finding opportunity to build domestic market share in the troubles …
29 Aug 2011
Greece's EFG Eurobank and Alpha Bank announced on Monday that their boards approved a merger deal to form the largest lender in southeast Europe…
29 Aug 2011
South Africa's Optimum Coal said on Monday that a unit of Glencore, the world's largest commodity trader, had bought a 14.1 percent stake in it…
29 Aug 2011
Shaanxi Coal Industry won approval from the China Securities Regulatory Commission (CSRC) for its potential 17.3 billion yuan…
29 Aug 2011
Hurricane Irene is expected to have caused substantial property losses, though figures are still hard to come by because of uncertainty about wind damage, catastrophe modeling company Eqecat said on Monday...
29 Aug 2011
AuRico, which has three properties in Mexico, will still allow Northgate to enter the South American region -- a target that the Australia-focused miner was hoping to achieve by acquiring Primero for C$370.4 million in July...
29 Aug 2011
Icagen Inc. on Monday urged its shareholders to accept a $6 per share offer from Pfizer Inc. after the world's biggest drugmaker said last week that it would not raise its offer…
29 Aug 2011
Venoco Inc.'s chief executive and top shareholder offered to take the natural gas producer private, valuing the company at about $770 million at a time when low gas prices and higher costs are weighing on the sector…
29 Aug 2011
Deutsche Bank's efforts to sell its BHF unit are dragging on because bidder RHJ International is finding it difficult to find co-investors, two people familiar with the matter said…
29 Aug 2011
Greece's EFG Eurobank and Alpha Bank will announce on Monday a merger deal including share swaps and a capital boost from Qatar to better confront their country's severe crisis, bank officials said on Sunday…
29 Aug 2011
Qatar will own about 17 percent of the lender that will be created by the merger of Alpha Bank and Eurobank, the two banks said in a presentation on Monday…
29 Aug 2011
Wells Fargo & Co, JPMorgan Chase & Co and Lone Star Funds were the winners of the $9.5 billion pool of U.S. commercial real estate loan sold by failed lender Anglo Irish Bank Corp, two sources familiar with the deal said…
29 Aug 2011
India's Aventis Pharma, a unit of French drug maker Sanofi, is close to buying the over-the-counter business of Universal Medicare for about 5 billion rupees ($109.5 million), two sources with direct knowledge of the matter said on Tuesday…
29 Aug 2011
Fortune Brands Inc. on Thursday set October 3 as the date for the spinoff of its home and security business…
29 Aug 2011
Greece's second and third largest banks, Eurobank and Alpha Bank, are set to announce on Monday a merger deal to better cope with a severe sovereign debt crisis and recession, banking sources said on Saturday…
29 Aug 2011
Investors saw little immediate prospect that rivals would challenge Peabody Energy's bid for Macarthur Coal, though sources familiar with the matter said potential suitor Anglo American was studying the books…
29 Aug 2011
U.S. financial group Prudential Financial has received regulatory approval to set up a life insurance venture in China with a unit of Chinese conglomerate Fosun Group, accessing the country's 1 trillion yuan ($156 billion) life insurance market…
29 Aug 2011
Shareholders of Washington Mutual Inc made their final pitch against the company's $7 billion reorganization plan on Wednesday, repeating accusations the bankruptcy was tainted by insider trading…
29 Aug 2011
Private equity firm Bain Capital has clinched a deal to buy Australian accounting software company MYOB for about $1.3 billion, trumping UK's Sage Group and Kohlberg Kravis Roberts & Co…
29 Aug 2011
Qatar will inject 500 million euros into the merger of Greece's Eurobank and Alpha Bank, set to be announced on Monday...
28 Aug 2011
Wells Fargo & Co, JPMorgan Chase & Co and Lone Star Funds were the winners of the $9.5 billion (5.8 billion pounds) pool of U.S. commercial real estate loan sold by failed lender Anglo Irish Bank Corp, two sources familiar with the deal said...
28 Aug 2011
Singapore budget carrier Tiger Airways said on Monday Chin Yau Seng will replace Tony Davis as chief executive in a move that was expected after its Australian business was rocked by a flight suspension due to safety issues...
28 Aug 2011
China's mutual funds made a combined loss of 125.4 billion yuan (12 billion pounds) in the first half of 2011, battered mainly by weakness in the country's stock market, official financial newspapers reported on Monday...
28 Aug 2011
Sino-Forest, a Chinese forestry company accused of fraud, said on Sunday Allen Chan had resigned as chairman and CEO and that it placed three senior employees on administrative leave, due to information uncovered in an ongoing internal review...
27 Aug 2011
The Federal Reserve announced on Friday that it will hold three public meetings on the proposed purchase of ING Groep NV's online bank ING Direct by Capital One Financial Corp...
27 Aug 2011
Carson Block, director of research at Muddy Waters Research, said on Friday that the Ontario Securities Commission's moves against Sino-Forest were "a major positive"…
26 Aug 2011
Top law firms embroiled in a fight with the now-defunct Coudert Brothers want the battle taken out of a bankruptcy judge's hands…
26 Aug 2011
The U.S. Federal Communications Commission said it has restarted the clock on its review of AT&T Inc's proposed $39 billion purchase of smaller rival T-Mobile USA…
26 Aug 2011
Sino-Forest may have defrauded investors by misrepresenting its revenue and assets, Canadian regulators said on Friday, the strongest signal yet that damning allegations against the Chinese forestry company may have merit...
26 Aug 2011
Investors who objected to Bank of America Corp's proposed $8.5 billion settlement of claims related to losses on mortgage-backed securities have moved the case to federal court from a New York state court...
26 Aug 2011
Bloomberg LP plans to buy legal tax and regulatory research company BNA for about $990 million as it shores up its legal business in a direct aim at rivals Thomson Reuters and Reed Elsevier...
26 Aug 2011
Cameco, one of the world's largest uranium producers, has launched a C$520 million ($526 million) hostile takeover bid for Hathor Exploration after talks with the junior explorer's board failed...
26 Aug 2011
An around $1.2bn loan will be provided by banks to back GVK Power & Infrastructure Ltd's proposed acquisition of the Alpha Coal and Kevin's Corner coal mines owned by Australia's Hancock Prospecting, banking sources said, Basis Point reported on Friday...
26 Aug 2011
Private-sector carrier Kingfisher Airlines said on Friday its board had approved a rights issue of shares to raise up to 20 billion rupees ($434 million)...
26 Aug 2011
GVK Power & Infra is close to finalising a deal to buy two Australian coal mines owned by Hancock Prospecting, said two sources with knowledge of the deal, which a newspaper report said has been agreed for $2.2 billion...
26 Aug 2011
Bank of America (BAC.N) faces the grim prospect of selling its China Construction Bank (0939.HK) stake at a steep discount, in a bad market, with a limited set of obvious buyers…
25 Aug 2011
Italy, France, Spain and Belgium extended their short-selling bans on Thursday in a bid to cushion bank stocks from the euro debt crisis...
25 Aug 2011
Mosaid Technologies said on Thursday it would finish its review of a C$480 million ($485 million) hostile takeover bid from rival WiLan…
25 Aug 2011
Former Lehman Brothers Holdings Inc officials, including one-time Chief Executive Richard Fuld, asked a bankruptcy judge to release $90 million…
25 Aug 2011
JPMorgan Chase will pay $88.3 million to settle allegations of apparent sanctions violations, the Treasury Department said on Thursday…
25 Aug 2011
Charles Schwab Corp, the discount brokerage and money manager, has filed two lawsuits accusing 11 major banks of conspiring to manipulate Libor…
25 Aug 2011
Skip McGee's most fulfilling moment as an investment banker came in 2002, when his team at Lehman Brothers helped Williams Cos avert bankruptcy...
25 Aug 2011
Bloomberg LP plans to buy legal tax and regulatory research company BNA for about $990 million as it shores up its legal business in a direct aim at rivals Thomson Reuters and Reed Elsevier…
25 Aug 2011
Verizon Communications said on Thursday that it had bought privately held software developer CloudSwitch to boost its business services division.
25 Aug 2011
Spain's stock market regulator said on Thursday it was extending its ban on short selling in financial stocks to Sept. 30...
25 Aug 2011
News that Warren Buffett is riding to Bank of America Corp's rescue with a $5 billion investment likely stirred memories for shareholders of General Electric Co...
25 Aug 2011
Japan's competition regulator has cleared a $5 billion hostile bid for Australia's Macarthur Coal by Peabody Energy and ArcelorMittal , the joint bidders said in a statement released to Australia's stock exchange on Thursday...
25 Aug 2011
Shareholders in Portugal's EDP-Energias de Portugal have voted to raise a limit on shareholders' voting rights to 20 percent from 5 percent to help pave the way for privatisation this year...
25 Aug 2011
Warren Buffett will invest $5 billion in Bank of America, stepping in to shore up the company in the same way he helped prop up Goldman Sachs and General Electric during the financial crisis...
25 Aug 2011
Lehman Brothers Holdings Inc filed a revised version of its bankruptcy plan that included a request from JPMorgan Chase that the bank did not play any role in drafting the disclosure statement...
25 Aug 2011
From San Francisco to Seoul to Sydney, fans of Apple Inc paid tribute to Steve Jobs after he resigned as CEO, calling him an icon for the entire technology industry, not just the company he co-founded...
25 Aug 2011
A German judge said on Thursday an injunction sought by Apple banning the sale of Samsung's new Galaxy Tab tablet computers in Germany appeared valid because there were overarching similarities to Apple's iPad...
25 Aug 2011
Large U.S. banks defending themselves against a mass of state and federal mortgage probes face a difficult tactical decision following New York state's exit from settlement talks on Tuesday...
25 Aug 2011
Billionaire Warren Buffett's Berkshire Hathaway gained EU approval on Thursday for its $9 billion purchase of Lubrizol Corp...
25 Aug 2011
Steve Jobs resigned as CEO of Apple Inc. on Wednesday and passed the reins to his right-hand man Tim Cook, saying he could no longer fulfill the duties in a bombshell announcement that raised fears his health has deteriorated further...
25 Aug 2011
Abu Dhabi state-owned fund Aabar has teamed up with South Korea's STX Corp to bid for the world's No.2 memory chipmaker Hynix Semiconductor...
24 Aug 2011
The deadline for initial bids in the auction for Hulu was extended from Wednesday until the end of the week to allow interested parties more time to examine the online video site's financial information...
24 Aug 2011
Books-A-Million Inc agreed to acquire lease interest in 14 of Borders Group Inc's stores for $934,209...
24 Aug 2011
AT&T Inc said on Wednesday that the Federal Communications Commission has requested more information about its acquisition of T-Mobile in relation to its commitment to...
24 Aug 2011
High-frequency trading firm Optiver Holding BV has set aside $19.3 million to deal with one of the biggest oil-manipulation cases ever brought by the U.S. futures regulator...
24 Aug 2011
Diageo Plc <DGE.L>, the world's biggest spirits group, is set to report a 10 percent rise in annual earnings on Thursday, driven by emerging market growth and cost cutting in Europe which will help offset weak euro zone markets...
24 Aug 2011
Shareholders of Washington Mutual Inc made their final pitch against the company's $7 billion reorganization plan on Wednesday...
24 Aug 2011
Eloqua Limited, which provides revenue performance management software solutions, filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock...
24 Aug 2011
Nebraska Book Co, whose 280 locations make it one of the largest U.S. college bookstore operators, won court approval for a vote on a bankruptcy plan to...
24 Aug 2011
Cigarette giant British American Tobacco (BAT) <BATS.L> plans to appeal an Australian court ruling that handed the tobacco industry a setback in its campaign against the world's first ban on branded cigarette packaging...
24 Aug 2011
Unilever Plc/NV is selling the Alberto VO5 shampoo and haircare brand in the United States and Puerto Rico and also its Rave hairspray brand globally to private equity firm Brynwood Partners as a condition of its acquisition of Alberto Culver…
24 Aug 2011
Israel's largest bank Leumi said on Wednesday it had reached a settlement with the trustees of Lehman Brothers in a suit in which Leumi was seeking to recoup $100 million from the failed investment bank…
24 Aug 2011
Banks must report a minimum set of data on their derivatives trades from the end of next year to help regulators monitor financial stability and spot abuses, a draft plan from market supervisors and central bankers said on Wednesday.
24 Aug 2011
Dubai's Nakheel will issue the first tranche of a 4.8 billion dirhams Islamic bond to trade creditors on Thursday, its chairman said, as the property firm completes a complex debt restructuring underway since 2009.
24 Aug 2011
Belgium-based insurer Ageas announced plans to buy up to 250 million euros of its own shares on Wednesday after higher fire and car insurance premiums improved core first-half earnings.
24 Aug 2011
Shell, Europe's biggest oil and gas company, is likely to face long delays in bringing a $17 billion gas deal with Iraq into operation as it tackles infrastructure, export constraints and sufficient access to gas from oilfields run by industry rivals...
24 Aug 2011
Moody's Investors Service cut its rating on Japan's government debt by one notch to Aa3 on Wednesday, blaming a build-up of debt since the 2009 global recession and revolving-door political leadership that has hampered effective economic strategies...
23 Aug 2011
A lawsuit alleging Temple-Inland Inc helped fuel the collapse of Guaranty Bank in 2009 sent shares of the packaging producer down more than 18 percent on Tuesday, spooking investors betting on International Paper's hostile takeover offer.
23 Aug 2011
Lehman Brothers Holdings Inc defended on Tuesday a proposed plan to end the largest bankruptcy in U.S. history, but said it will alter certain language to resolve objections from the U.S. Trustee…
23 Aug 2011
Alabama's Jefferson County will start direct talks with New York creditors on Wednesday in a bid to resolve a multibillion-dollar debt crisis and avoid the biggest municipal bankruptcy in U.S. history…
23 Aug 2011
Bankrupt financial institution Lehman Brothers Holdings Inc agreed to a reduced claim from Canary Wharf Group related to a 30-year lease at 25 Bank Street in the Canary Wharf area of London, court documents show…
23 Aug 2011
Standard & Poor's said its president is stepping down, capping two weeks of controversy…
23 Aug 2011
India needs to make changes to statutes and regulations to address concerns over ownership while granting bank licences to corporates, the Reserve Bank chief will say in a speech on Tuesday...
23 Aug 2011
A large U.S. mortgage servicer controlled by billionaire investor Wilbur L. Ross sued Lender Processing Services Inc. …
23 Aug 2011
H&R Block Inc. said it signed a letter of intent to sell its consulting unit to McGladrey & Pullen LLP for about $610 million, as the top U.S. tax preparer focuses on its core business…
23 Aug 2011
Germany's top court will give its verdict early next month on whether the government broke the law with last year's bailouts of debt-stricken euro zone countries...
23 Aug 2011
A European Union financial transaction tax could threaten London's status as the world's biggest foreign exchange centre and fuel volatility by draining liquidity out of the market...
23 Aug 2011
A federal judge ruled that the Federal Deposit Insurance Corp has to face a $10 billion lawsuit tied to the failure of Washington Mutual Bank…
23 Aug 2011
Russian railcar leasing firm Brunswick Rail said on Tuesday it has borrowed an extra $120 million to step up its search for new cars as it seeks to take advantage of Russia's need to modernise its vast rail network...
23 Aug 2011
A rival bid for Kinetic Concepts Inc, a U.S. maker of medical devices used in wound care, by medical technology firm Convatec is worth 40 billion crowns, Swedish daily Dagens Industri reported on Tuesday, citing sources...
23 Aug 2011
Libyan rebels on the verge of bringing Muammar Gaddafi's 41-year old regime to an end will likely inherit a depleted investment portfolio in the country's secretive sovereign wealth fund...
23 Aug 2011
Swiss bank UBS plans to slash around 3,500 jobs in a bid to save some 2 billion Swiss francs from annual costs by the end of 2013...
22 Aug 2011
Former Duane Reade Chief Executive Officer Anthony Cuti was sentenced on Monday to three years in prison…
22 Aug 2011
Major Chinese banks will see capital shortfalls of 400 billion-500 billion yuan ($63 billion-$78 billion) in the next five years…
22 Aug 2011
Goldman Sachs Chief Executive Lloyd Blankfein has hired high-profile Washington defense attorney Reid Weingarten, according to a government source, as the Justice Department continues to investigate the bank…
22 Aug 2011
A New York state judge granted the request of dozens of investors including pension funds, insurers and several Federal Home Loan Banks to intervene in Bank of America Corp's proposed $8.5 billion settlement…
22 Aug 2011
Deutsche Bank AG knew in 2006 that a mortgage company it was preparing to buy lied to the U.S. government about its mortgages, yet went ahead with the purchase and should be held financially responsible…
22 Aug 2011
A bankruptcy court has denied Sprint Nextel Corp's motion for a partial summary judgment in a proceeding against bankrupt mobile satellite network operator TerreStar Networks Inc...
22 Aug 2011
Chinese chemical company ShengdaTech Inc's <SDTH.PK> board sued Chief Executive officer Chen Xiangzhi, alleging obstruction of an internal fraud investigation, according to filed court documents.
22 Aug 2011
The trustee for Lehman Brothers Holdings Inc's brokerage sued Royal Bank of Scotland Group Plc for $345.9 million over a 1998 swap agreement that was terminated early...
22 Aug 2011
A large radio broadcasting company targeting African-Americans and founded by civil rights leader Percy Sutton could wind up under the control of billionaire Ron Burkle and...
22 Aug 2011
Demand Media Inc said on Monday its board approved a $25 million share buyback program effective Aug. 19...
22 Aug 2011
The Hong Kong Monetary Authority said on Monday that foreign direct investment (FDI) in China using offshore yuan should be launched by the end of the year…
22 Aug 2011
Lowe's Companies Inc put aside $5 billion to buyback its shares over the next two to three years, joining a string of companies digging into their cash reserves to shore up their stocks in a weak economy…
22 Aug 2011
The bleak diagnosis for the euro's prospects appeared in the overseas edition of the People's Daily, the top newspaper of China's ruling Communist Party, in a…
22 Aug 2011
An economic slowdown in debt-burdened Europe may force the region's paper industry toward massive mill closures and consolidation in the coming year…
22 Aug 2011
Canada's Endeavour Mining Corp has agreed to buy Australia's Adamus Resources in a deal valued at about C$313.4 million, to create a West Africa-focused gold producer…
22 Aug 2011
Arrow Energy, a venture between Shell and PetroChina , has made a A$520 million offer for Australian gas explorer Bow Energy in a grab for resources to fuel Arrow's Australian gas-export project...
22 Aug 2011
CVC Capital Partners is financing its acquisition of a majority stake in international health club operator Virgin Active with around 450 million pounds ($745.7 million) of equity...
21 Aug 2011
Deutsche Bank AG on Sunday denied illegal stock trading charges made by the Seoul Central Prosecutors Office against one of its South Korean entities, Deutsche Securities Korea, and four of its employees...
20 Aug 2011
A lawyer caught up in the government's massive insider trading investigation was sentenced to three years in prison on Friday after pleading guilty to participating in a scheme to trade on corporate secrets from a prominent law firm...
19 Aug 2011
A Manhattan federal judge rejected JPMorgan Chase & Co's bid to dismiss a whistleblower lawsuit by a former private banker who said she was...
19 Aug 2011
A FINRA securities industry arbitration panel ordered a former Morgan Stanley Smith Barney broker to pay the firm around $1.1 million for breaching terms of two promissory notes…
19 Aug 2011
General Motors Co is seeking to dismiss a lawsuit over a suspension problem on more than 400,000 Chevrolet Impalas from the 2007 and 2008 model years, saying it should not be responsible for repairs because the flaw predated its bankruptcy...
19 Aug 2011
A U.S. judge has left largely intact a securities lawsuit alleging Deutsche Bank misrepresented its exposure to mortgage-backed securities...
19 Aug 2011
Billionaire investor Carl Icahn wants all 11 seats on the board of Clorox Co, which last month twice rejected his offers to buy the bleach maker...
19 Aug 2011
Russian metals giant Norilsk Nickel said on Friday it would offer to buy back 15 percent of its stock from UC RUSAL in a new attempt to resolve a long-running shareholder dispute...
19 Aug 2011
Singapore billionaire Peter Lim has made a "significant investment" in UK-based sports car maker McLaren Automotive, the company said...
19 Aug 2011
China's Citic Group has yet to decide whether to launch a counterbid for Australian coal miner Macarthur Coal Ltd , which is the subject of a $5 billion hostile takeover from ArcelorMittal SA and Peabody Energy Corp...
19 Aug 2011
The principal regulator of U.S. brokers on Thursday issued long-awaited guidance on how advisers can use Facebook, Twitter and other social media sites to communicate with clients…
18 Aug 2011
France's market regulator AMF on Thursday modified its ban on short selling of financial stocks and related derivatives to let investors maintain existing short positions by buying new options to replace expiring ones...
18 Aug 2011
Spain will announce further austerity measures on Friday aimed at fending off debt market attacks while avoiding drastic cuts which may damage the ruling Socialists' chances in November's general election...
18 Aug 2011
The ink on Google Inc's $12.5 billion plan to buy Motorola Mobility is barely dry, but speculation has already begun about its next deal -- expected by some to be the sale of Motorola's handset business...
18 Aug 2011
Barnes & Noble Inc on Thursday said that John Malone's Liberty Media invested $204 million in the bookseller, but discussions for Liberty to buy the company have ended...
18 Aug 2011
The U.S. Securities and Exchange Commission violated federal rules when it destroyed investigative records over a 17-year period, the agency that safeguards federal documents said on Thursday…
18 Aug 2011
At 7:30 on Monday morning Motorola announced it was being acquired by Google. Less than four hours later, a pack of securities class-action law firms were ready to pounce on the company...
18 Aug 2011
Asahi Group Holdings is acquiring New Zealand beverage group Independent Liquor for $1.3 billion, giving the Japanese brewing giant a ready-to-drink cocktail maker to add to its stash of assets in the Oceania market…
18 Aug 2011
The U.S. Commodity Futures Trading Commission has finalized 11 of the estimated 50 rules it must complete in order to comply with the Dodd-Frank legislation…
18 Aug 2011
Bailed-out insurer American International Group and dozens of banks have filed motions in federal court to block a proposed nationwide class-action suit against them over AIG's 2008 near-collapse...
18 Aug 2011
While Google Inc's acquisition of Motorola Mobility Holdings Inc would clearly be a boon for one top litigation boutique, some other prominent law firms could lose out…
18 Aug 2011
Exxon Mobil Corp sued the U.S. government to reverse a decision by the Department of the Interior to cancel offshore oil and gas leases estimated to yield tens of billions of dollars of oil...
18 Aug 2011
Forest Laboratories Inc won its showdown with activist investor Carl Icahn on Thursday, saying shareholders backed the company's slate of 10 board members over nominees proposed by the billionaire...
18 Aug 2011
The Federal Reserve Bank of New York is intensifying its scrutiny of the U.S. units of Europe's biggest banks amid concerns that Europe's debt crisis could spill into the U.S. banking system…
18 Aug 2011
English Premier League soccer champions Manchester United have filed a preliminary application with the Singapore Exchange for a planned listing...
18 Aug 2011
Hewlett-Packard Co is close to a deal to buy British software company Autonomy for $10 billion and will announce on Thursday a long-rumored spinoff of its PC division, the world's largest...
18 Aug 2011
Global brewer SABMiller is raising a $12.5 billion syndicated loan to back its hostile bid for Fosters...
18 Aug 2011
The Hong Kong stock exchange said it was in talks with its peers in Shanghai and Shenzhen to set up a joint venture for equity derivatives and index compilations, a move that would represent the first concrete link between three exchanges…
18 Aug 2011
The U.S. Justice Department is investigating whether Standard & Poor's improperly rated dozens of mortgage securities in the years before the financial crisis…
18 Aug 2011
A U.S. bankruptcy court on Wednesday approved a deal to securitise loans from a $5.3 billion portfolio made by bankrupt investment bank Lehman Brothers…
18 Aug 2011
Coca-Cola, the world's largest soft drinks producer said on Thursday it will invest $4 billion more in China over the next three years starting from 2012...
18 Aug 2011
China Mobile said it hoped to launch Apple iPhones soon to accelerate uptake of high-end 3G services as it reported first-half profit at the top end of expectations...
18 Aug 2011
Australian brewer Foster's rejected a $10 billion offer from rival SABMiller for the second time as shareholders hold out for a better offer from the global brewing giant...
17 Aug 2011
If New York attorney general Eric Schneiderman thought his extremely aggressive petition to intervene in the proposed $8.5 billion settlement between Bank of America, Countrywide mortgage-backed securities investors…
17 Aug 2011
A games company is accusing Zynga of infringing its patents and asking that it shut down its most popular games for the Facebook social network, including FarmVille and Mafia Wars...
17 Aug 2011
AT&T is turning to the federal courts to thwart an effort led by law firm Bursor & Fisher to derail AT&T's $39 billion takeover bid for T-Mobile...
17 Aug 2011
Lehman Brothers Holdings Inc will not turn its asset management unit into a long-term business after creditors of the bankrupt investment bank objected...
17 Aug 2011
The Howrey bankruptcy is creating a wealth of opportunity for attorneys who are mopping up the failed law firm's mess…
17 Aug 2011
Some economists are predicting a double-dip recession, but law firms hiring associates for 2012, say they are planning to make the same number of job offers as they did for the 2011 class -- and in some cases may even increase the number of positions…
17 Aug 2011
A U.S. senator is asking securities regulators for answers after an internal whistleblower alleged the Securities and Exchange Commission has destroyed over 9,000 investigation-related records…
17 Aug 2011
Sri Lanka's central bank on Wednesday said it would allow foreign investors to buy into local unit trusts for the first time, one of several new foreign exchange…
17 Aug 2011
New capital rules for insurers could deter them from investing in bank debt, limiting lenders' access to a vital source of funding…
17 Aug 2011
Bond insurer CIFG Assurance North America has sued Goldman Sachs Group and M&T Bank Corp in New York state court, claiming they fraudulently convinced…
17 Aug 2011
Britain's lawmakers began a probe on Wednesday into ensuring the benefits of new financial rules outweigh the costs, as banks face up to a raft of tougher standards.
17 Aug 2011
Accounting firms are doing a less-than-adequate job auditing corporations, and term limits should be considered to ensure more independence…
17 Aug 2011
Chinese Vice-Premier Li Keqiang said China will soon allow foreign investors to buy mainland securities using yuan up to an initial quota of 20 billion yuan…
17 Aug 2011
Denmark's central bank said on Tuesday it would improve financial institutions' access to liquidity by allowing good quality bank loans to stand as collateral…
17 Aug 2011
Smartphone maker HTC Corp sued Apple Inc, seeking to halt U.S. imports and sales of Macintosh computers, iPads, iPods, iPhones and other devices…
17 Aug 2011
South Korea announced long-term agreements on Wednesday worth $84 billion with energy giants Royal Dutch Shell and Total to buy gas from LNG projects in Australia...
17 Aug 2011
Switzerland's government will unveil a 1.5 billion Swiss franc ($1.9 billion) package to help the country deal with the strong currency when it meets later on Wednesday...
16 Aug 2011
Allstate Corp on Monday sued Goldman Sachs Group Inc, accusing the Wall Street bank of causing losses by hiding the risks more than $123 million of mortgage securities it bought...
16 Aug 2011
Defense contractor General Dynamics said on Tuesday it will expand in the growing market for healthcare information technology by acquiring Vangent Inc for about $960 million...
16 Aug 2011
A Motorola Mobility Inc shareholder sued its board on Tuesday for breaching their duties by agreeing to sell the company too cheaply…
16 Aug 2011
What's the outlook for bankruptcy practices in a schizophrenic economy? Jay Goffman, 53, is the global head of corporate restructuring at Skadden…
16 Aug 2011
U.S. solar company Evergreen Solar Inc filed for bankruptcy on Monday, its once cutting-edge technology falling victim to competition….
16 Aug 2011
New rules to ensure that no insurance company is too big to fail are set to be drawn up in time for the 2012 meeting of G20 leaders — although unlike banks they may…
16 Aug 2011
Debt-laden UC RUSAL, the world's largest aluminum producer, has reached agreement with Russian state-run bank Sberbank on easier terms for a $4.58 billion loan facility.
16 Aug 2011
A trust representing creditors of the bankrupt hotel chain Extended Stay America Inc has filed a complaint against Lightstone Holdings…
16 Aug 2011
A $5 billion listing plan by the operator of China's new Beijing-Shanghai bullet train, initially targeted for next year, will be further delayed following last month's deadly train crash, sources said on Wednesday...
16 Aug 2011
Telekom Austria said former executive board members should repay bonuses they got thanks to a share price surge in 2004 that investigators are now checking for signs of possible market manipulation...
16 Aug 2011
European buyout firm Cinven has agreed to buy Dutch insurer Aegon's UK-based Guardian Life unit for 275 million pounds, the first step in a bigger plan to scoop up more British closed life funds...
16 Aug 2011
Danish financial market regulators said on Tuesday they would ask police to investigate Nordea Bank Denmark, a unit of Sweden's Nordea, for failing to report its financial interest...
16 Aug 2011
Britain's Financial Services Authority has fined Ken Morrison, former chairman of supermarket chain William Morrison Supermarkets 210,000 pounds for failing to disclose...
16 Aug 2011
Examiners at the U.S. Securities and Exchange Commission are checking to ensure that Standard & Poor's followed all of its policies…
16 Aug 2011
Kinross Gold Corp announced on Tuesday the pricing of an offering of $1 billion in debt for general corporate purposes...
16 Aug 2011
A former chief executive of the Optionable Inc commodities brokerage pleaded guilty for his role in a C$853 million commodities trading scandal at Bank of Montreal…
16 Aug 2011
Virgin Media said on Monday it had sold its 50 percent stake in UKTV, home to 10 channels including Dave and GOLD, to Scripps Networks for 239 million pounds as part of its strategy to move away from content production...
16 Aug 2011
U.S. agribusiness giant Cargill will buy animal feeds producer Provimi from private equity firm Permira for 1.5 billion euros ($2.1 billion), the companies said on Monday...
15 Aug 2011
Asian phone vendors betting on Android could increase their exposure to rival mobile operating platforms, threatened by Google's move to buy Android-backer Motorola Mobility Holdings to gain access to a large portfolio of patents...
15 Aug 2011
Chinese forestry firm Sino-Forest said the results of an internal review of fraud allegations had been delayed until the end of this year, sending its shares tumbling more than 8 percent...
15 Aug 2011
The euro will find it "very difficult" to survive without the implementation of a eurobond framework, Nobel Prize winning economist Joseph Stiglitz said on Monday...
15 Aug 2011
Abu Dhabi fund Aabar is considering a write-down of its $1.9 billion purchase of a 25-percent stake in Malaysia's RHB Capital...
15 Aug 2011
Southwest Securities, a mid-sized Chinese brokerage, has agreed to acquire rival Guodu Securities in a $1.7 billion share swap deal that could trigger a fresh wave of consolidation in China's fragmented and competitive brokerage industry...
15 Aug 2011
Treasure seekers have trekked into Arizona's Superstition Mountains in search of a lost gold mine for more than a century. Three years ago…
15 Aug 2011
China's banking regulator on Monday published new rules on banks' capital requirements as part of efforts to implement Basel III guidelines to help lenders rein in risks.
15 Aug 2011
Six people accused of evading more than 200 million euros in tax in the European carbon market face possible prison terms of up to nine years…
15 Aug 2011
Britain's Financial Services Authority has fined a hedge fund manager 2 million pounds, its biggest ever fine on an individual, for making fake trades…
15 Aug 2011
World No.1 oil drilling contractor Transocean is paying double the market price for Aker Drilling to refresh its aging fleet of Norwegian drilling rigs and boost flagging orders...
15 Aug 2011
Bank of America Corp plans to sell its credit card business in Canada to TD Bank Group and will exit its card business in the UK and Ireland...
15 Aug 2011
Advertising company Interpublic Group said it would sell about half of its stake in Facebook for $133 million...
15 Aug 2011
Google Inc said it will buy phone hardware maker Motorola Mobility Holdings Inc for $12.5 billion in cash to bolster the adoption of its Android mobile software...
15 Aug 2011
National Oilwell Varco Inc., the largest U.S. oilfield equipment maker, struck a $1.5 billion deal to supply drilling equipment for seven drillships to Brazil's Estaleiro Atlantico Sul...
14 Aug 2011
Time Warner Cable has reached a deal to buy The Carlyle Group's cable operator Insight Communications Co for around $3 billion in cash...
14 Aug 2011
Shell-shocked stock investors will search this week for calm to return to markets after the worst three weeks for stocks in 2-1/2 years...
14 Aug 2011
China's state-owned Bright Food Group has agreed to buy Australian branded food business Manassen Foods, giving it an enterprise value of over A$500 million ($516 million)...
14 Aug 2011
The largest shareholder in reinsurer Transatlantic Holdings Inc will oppose the company's acquisition by Allied World, opening the door to two other suitors...
12 Aug 2011
Alabama's Jefferson County on Friday held off from filing for bankruptcy over a $3.14 billion bond debt and allowed more time for talks with creditors…
12 Aug 2011
A former Nasdaq OMX Group Inc executive on Friday was sentenced to 3-1/2 years in prison after pleading guilty for making hundreds of thousands of dollars by trading on confidential information...
12 Aug 2011
An appeals court ruled Friday that President Barack Obama's healthcare law requiring Americans to buy healthcare insurance or face a penalty was unconstitutional...
12 Aug 2011
Bank of America, which owns about 10 percent of CCB's Hong Kong-listed shares and is scurrying to raise capital for its mortgage-scarred …
12 Aug 2011
TiVo Inc, the digital recorder maker, said it would buy back $100 million of its a stock, which boosted shares by 5 percent on Friday.
12 Aug 2011
Indonesia's central bank temporarily barred takeovers in the banking sector, citing upcoming ownership rules, sowing more uncertainty about the regulatory environment in...
12 Aug 2011
A piecemeal ban on short-selling of financial stocks highlighted flaws in euro zone policy and investors said relief for bank stocks would be temporary in the absence of co-ordinated action by Europe's governments...
12 Aug 2011
The U.S. Securities and Exchange Commission has asked rating agency Standard & Poor's to disclose which employees knew of its decision to downgrade U.S. debt before it was announced last week...
11 Aug 2011
Bank of New York Mellon was sued by two U.S. states on Thursday over allegations that the company overcharged pension funds on foreign exchange transactions...
11 Aug 2011
Lehman Brothers Holdings Inc is facing several new objections to its plan to end the largest bankruptcy in U.S. history and repay $65 billion to creditors...
11 Aug 2011
The Securities and Exchange Commission's controversial new whistleblower law takes effect on Friday after opponents failed to file any legal challenges...
11 Aug 2011
Harry & David Holdings Inc won tentative court approval for its reorganization plan on Thursday, clearing the way for the gift basket maker to emerge from...
11 Aug 2011
Midland States Bancorp Inc said it postponed its initial public offering citing adverse market conditions...
11 Aug 2011
The trustee seeking money for victims of Bernard Madoff's Ponzi scheme has filed a $300 million lawsuit against the Abu Dhabi Investment Authority…
11 Aug 2011
The Municipal Securities Rulemaking Board on Monday said it would post written verifications of those registered as financial advisers…
11 Aug 2011
AOL said on Thursday it would buy back $250 million of its stock, a move presumably intended to boost confidence in the shares, which fell 32 percent in two days...
11 Aug 2011
The three-way bidding war for reinsurer Transatlantic Holdings grew more complicated on Thursday as hostile suitor Validus Holdings sued the company...
11 Aug 2011
A new Rhode Island law that guarantees municipal bondholders will be paid back even if the cities and towns in which they invest go bankrupt could spur a nationwide trend...
11 Aug 2011
The U.S. securities regulator is probing farm machine maker Deere & Co for possible violations of a law that bars American companies from bribing foreign officials...
11 Aug 2011
Turkey said on Thursday it would impose heavy penalties for short-selling of stocks, joining other countries in an effort to stem a market slump...
11 Aug 2011
Kindred Healthcare Inc said it would buy Professional HealthCare LLC, a portfolio company of private equity firm Mainsail Partners...
11 Aug 2011
Smartphone maker HTC will buy a 51 percent stake of U.S. company Beats Electronics for $309 million, it said on Thursday...
11 Aug 2011
The U.S. Securities and Exchange Commission on Wednesday charged St. Louis-based brokerage firm Stifel, Nicolaus & Co and a former top executive with...
11 Aug 2011
U.S. securities regulators have charged a California man with insider trading for buying speculative call options on Marvel Entertainment after learning that Walt Disney Co...
11 Aug 2011
New China Life, the country's third-largest life insurer, has filed an application to list in a dual Hong Kong and Shanghai IPO, sources said, braving volatile markets to raise up to $4 billion...
11 Aug 2011
U.S. banks still wrestling with legal troubles springing from the subprime mortgage crisis are lobbying the new consumer agency for strong legal protection for future home loans...
10 Aug 2011
China's Guangfa Bank, previously known as Guangdong Development Bank, is waiting for a "good window" to launch its 35 billion yuan...
10 Aug 2011
German officials have obtained a new CD containing details on thousands of German tax evaders holding accounts in Switzerland...
10 Aug 2011
Sbarro Inc filed a plan of reorganization and said it will convert about $100 million of outstanding secured debt into 100 percent of common equity of...
10 Aug 2011
Groupon Inc's plans for an initial public offering have been dented by the stock market slump and...
10 Aug 2011
A bankruptcy judge authorized Borders Group Inc on Wednesday to auction its name and real estate assets, the latest step in the liquidation of the nation's second-largest bookseller...
10 Aug 2011
Prime Minister David Cameron said Wednesday "a fightback is under way" to restore law and order to Britain's streets despite rioting, looting and arson by...
10 Aug 2011
AT&T Inc's $1.9 billion offer for some of Qualcomm Inc's wireless licenses will be tied to a simultaneous review of AT&T's $39 billion proposed takeover of T-Mobile USA...
10 Aug 2011
The trustee winding down Lehman Brothers Holdings Inc's brokerage hopes to repay customers in full, but expects a significant shortfall in paying back $47.5 billion owed to...
10 Aug 2011
Goldman Sachs said in a securities filing on Tuesday that the U.S. securities regulator is probing whether the bank is in compliance with a law that...
10 Aug 2011
Wyoming state legislators will consider three new bills next week aimed at reining in "shell" companies formed under the state's liberal incorporation laws...
10 Aug 2011
HSBC is selling its U.S. credit card arm to Capital One Financial Corp in a $32.7 billion deal as Europe's top bank streamlines its mammoth operations...
10 Aug 2011
WageWorks Inc, which runs employee benefit programs, postponed indefinitely its initial public offering due to volatile market conditions, an underwriter said...
10 Aug 2011
Standard & Poor's, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would...
10 Aug 2011
Wells Fargo & Co won a bid for Bank of Ireland's $1.4 billion (860 million pounds) U.S. commercial real estate loan portfolio, the Wall Street Journal said...
10 Aug 2011
Switzerland and Germany are poised to agree on Wednesday to settle a dispute over untaxed assets stashed by German citizens in secret Swiss accounts...
9 Aug 2011
A U.S. regulator sued Goldman Sachs Group Inc, accusing the bank of violating federal and state law by selling risky mortgage-backed securities to two credit unions that later failed...
9 Aug 2011
Apple Inc scored a major victory in its multi-country patent infringement battle against Samsung Electronics after a German court barred the Korean company from selling its Galaxy Tab 10.1 in the entire European Union except the Netherlands...
9 Aug 2011
Three initial public offerings were postponed on Tuesday, the latest casualties of volatile market conditions...
9 Aug 2011
Indian energy major Reliance Industries said on Tuesday it has received approval from the government for selling stakes in some of its oil and gas blocks to BP Plc for $7.2 billion...
9 Aug 2011
A FINRA securities industry arbitration panel ordered a former Lehman Brothers Holdings Inc broker to pay the now defunct firm around $2.2 million for breaching the...
9 Aug 2011
H&R Block Inc agreed to modify $115 million of home loans and make a $9.8 million payment to resolve charges by Massachusetts that the company's former...
9 Aug 2011
HSBC Holdings Plc is nearing a deal to sell its $30 billion-plus U.S. credit card business to Capital One Financial Corp...
9 Aug 2011
Three nights of rioting in London and other major British cities are likely to cost insurers "tens of millions of pounds", a spokeswoman for the Association of British Insurers (ABI) said on Tuesday...
9 Aug 2011
Sony Corp said on Tuesday deliveries in Britain of compact discs and DVDs could be affected after its sole warehouse for content products in the country caught fire in north London...
9 Aug 2011
Asian hedge funds Vulpes, started by industry veteran Stephen Diggle, and Tantallon Capital are emerging as winners in a volatile August that has wiped out more than $3.8 trillion from global stock markets...
8 Aug 2011
South Korea's stock exchange may ban short-selling in an effort to calm market jitters...
8 Aug 2011
The man who holds in his hands the fate of U.S. credit, and with it potentially the global economy, favors small tie knots, sports a bushy mustache and smokes his fair share of cigarettes...
8 Aug 2011
A Manhattan federal judge has dismissed some claims against Bank Austria, a unit of Italy's UniCredit SpA...
8 Aug 2011
NYSE Euronext is seeking to tighten its listing standards for reverse merger companies, in a move designed to combat the recent rash of accounting scandals with...
8 Aug 2011
Oil and gas developer Enduro Royalty Trust postponed its initial public offering as the stock market's slide worsened on Monday...
8 Aug 2011
Jackson Hewitt Tax Service Inc won court approval of its reorganization plan on Monday, clearing the way for the second-largest U.S. tax preparer to emerge from bankruptcy...
8 Aug 2011
Consumer goods group Unilever Plc/NV on Monday agreed to sell its Ragu and Chicken Tonight sauce brands in the UK and Ireland, which had combined sales of around 20 million pounds in 2010...
8 Aug 2011
The insurer AIG is suing Bank of America Corp to recover more than $10 billion of losses from a "massive fraud" on mortgage debt...
8 Aug 2011
The European Central Bank stepped into bond markets on Monday, backing up a pledge to support Spain and Italy with the aim of averting financial meltdown in the euro zone, while the G7 and G20 offered...
8 Aug 2011
British investment bank Evolution, which is the subject of a bid approach from South African financial group Investec, said it had sealed the takeover of BNP Paribas Private Investment Management Ltd...
8 Aug 2011
Moody's Investors Service warned Japan that ineffective currency intervention would be negative for its sovereign ratings and would not help it restore its finances, even as G7 policymakers tried to...
8 Aug 2011
Massachusetts will become the first state in the country to regulate so-called expert networks, companies at the heart of the government's insider trading probe...
8 Aug 2011
Indian drugmaker Glenmark Pharmaceuticals said on Monday it has filed for arbitration claims against its partner Napo Pharmaceuticals to prevent the latter from distributing an HIV-associated drug in...
8 Aug 2011
Rio Tinto and Mitsubishi Corp have proposed buying out Coal & Allied for A$1.49 billion (950 million pounds), aiming to take full control of the Australian miner to take advantage of strong coal prices...
7 Aug 2011
A unit of Warren Buffett's Berkshire Hathaway Inc made a $3.24 billion buyout offer for Transatlantic Holdings Inc...
7 Aug 2011
A former board member at Mariner Energy and his son pleaded guilty on Friday to illegally trading the company's stock ahead of its 2010 purchase by oil and gas company Apache Corp...
6 Aug 2011
Federal criminal investigations into failed U.S. mortgage lenders IndyMac Bancorp and New Century Financial Corp have stalled...
6 Aug 2011
The U.S. securities regulator has sent subpoenas to high-frequency trading firms in relation to last year's "flash crash" probe...
5 Aug 2011
The Los Angeles Dodgers have reached an agreement to accept as much as $150 million in loans from Major League Baseball to keep the team afloat as it works its way through bankruptcy...
5 Aug 2011
Wells Fargo & Co reached a $590 million deal to resolve a lawsuit alleging Wachovia misled investors about the quality of loans sold before the financial crisis...
5 Aug 2011
A day after New York's attorney general called Bank of America Corp's $8.5 billion mortgage-backed securities settlement "unfair" and "inadequate"...
5 Aug 2011
Citigroup Inc said in a regulatory filing on Friday that the Justice Department is examining its mortgage business...
5 Aug 2011
Even an anti-default state law might not prevent Central Falls, the tiny Rhode Island city forced into bankruptcy by ballooning pension costs...
5 Aug 2011
Leaders from European powerhouses Germany and France will hold talks on Friday after a global market rout signalled fear Europe's debt crisis is spinning out of control and a U.S. recovery is stalling...
5 Aug 2011
State Street Corp said it had reached an agreement with parts of the Lehman Brothers bankruptcy estates in the United States over the value of claims on repurchase agreements...
5 Aug 2011
Rentech Nitrogen Partners, a limited partnership company of publicly traded clean energy provider Rentech Inc filed with U.S. regulators to raise up to $250 million in an IPO...
5 Aug 2011
British oil services firm Hunting has agreed to acquire U.S. well specialist Titan Group for $775 million in a deal which will boost its exposure to the fast-growing shale oil and gas markets in North America...
5 Aug 2011
News and information company Thomson Reuters Corp. said on Friday it has bought privately held UK-based metals analysis firm GFMS, to expand its precious and base metal service...
5 Aug 2011
Anglo-South African financial conglomerate Old Mutual said stock market turmoil may delay the planned initial public offering of its U.S. fund management business next year...
5 Aug 2011
Shareholders of Russia's benchmark RTS stock exchange approved a merger with its rival MICEX nearly unanimously on Friday, with consolidation of the new unified bourse expected to be finalised by the year-end...
5 Aug 2011
Swiss travel retailer Dufry has bought airport retail operations in five emerging markets, including Argentina's leading travel retailer Interbaires, for a total $957 million...
5 Aug 2011
They are a rag-tag bunch, often working from home or tiny offices scattered round the world, from rural Texas to Beverly Hills and a suburb near Australia's Bondi Beach...
4 Aug 2011
Groupon's joint venture in China, Gaopeng, is laying off some staff in the face of stiff competition in the domestic group-buying sector, the 21st Century Business Herald reported on Friday, quoting sources...
4 Aug 2011
Hong Kong's Securities and Futures Commission has a reputation as a tough enforcer but its muscular approach has irked many in the city's legal world who feel the SFC is running roughshod over...
4 Aug 2011
Australia is well equipped to take steps to bolster its economy should global market turmoil see a re-run of the 2009 financial crisis, Treasurer Wayne Swan said on Friday, one of the first leaders to comment on...
4 Aug 2011
Bank of America Corp's legal losses could cost as much as $2.3 billion above money already set aside to cover litigation, the largest U.S. bank by assets said in a securities filing...
4 Aug 2011
Industrial and Commercial Bank of China Ltd said on Friday it would buy stakes in Standard Bank Argentina and two of its affiliates from Standard Bank Group Ltd for about $600 million as it...
4 Aug 2011
Eola Property Trust filed with U.S. regulators to withdraw its $675 million public offering of common stock, citing "unfavorable market conditions"...
4 Aug 2011
Italian prosecutors have seized documents at the offices of rating agencies Moody's and Standard & Poor's in a probe over suspected "anomalous" fluctuations in...
4 Aug 2011
U.S. regulators are scrambling to bulletproof dozens of financial reforms after a court last month tossed out an important part of the Dodd-Frank financial oversight law...
4 Aug 2011
EU antitrust regulators have opened an in-depth probe into the proposed $9 billion merger of Deutsche Boerse and NYSE Euronext...
4 Aug 2011
The recent defeat of the U.S. Securities and Exchange Commission's proxy access rule in a federal appeals court could embolden industry groups to mount similar legal challenges to other rules required by...
4 Aug 2011
The most vulnerable front for Brazil could be its currency, which could firm further -- creating even bigger headaches for exporters -- if U.S. interest rates stay ultra…
4 Aug 2011
American Express Co has assured Industrial and Commercial Bank of China Ltd (ICBC) it wants to keep its stake in the lender after entering into a contract to hedge…
4 Aug 2011
Healthcare IT provider Emdeon Inc said it agreed to be taken private for $3 billion by private equity firm Blackstone...
4 Aug 2011
Hitachi Ltd and Mitsubishi Heavy Industries Ltd have begun talks on what would be Japan's biggest domestic merger, three sources said, heralding a long awaited shake-up of the nation's industrial behemoths...
4 Aug 2011
New York's attorney general will oppose Bank of America Corp's $8.5 billion settlement over repurchasing toxic mortgage loans, joining a growing number of unhappy mortgage bond buyers now...
4 Aug 2011
The U.S. futures regulator, is expected to finalize on Thursday new measures outlining requirements for swap data collectors and guidelines for whistle-blowers as it races to meet its...
4 Aug 2011
Kraft Foods Inc CEO Irene Rosenfeld is breaking up the food giant she helped create through multibillion-dollar deals...
4 Aug 2011
Former Goldman Sachs Group Inc director Rajat Gupta and the U.S. Securities and Exchange Commission are dropping litigation against each other stemming from...
4 Aug 2011
Italy's Davide Campari-Milano has bought premium brand Sagatiba of Brazil, one of the world's fastest-growing markets for spirits makers, the drinks group said on Thursday...
4 Aug 2011
Japanese aluminium sash maker JS Group Corp said on Thursday that it would buy Italian construction firm Permasteelisa from Cima Claddings for about...
3 Aug 2011
TMX Group Inc, the operator of the Toronto Stock Exchange, said on Wednesday that it had bought data connectivity provider Atrium Network in a deal that will allow it to fast-track plans to...
3 Aug 2011
Growing use of private placements to sell U.S. municipal bonds is generating confusion about securities regulations with the result that dealers and advisers could inadvertently break the law...
3 Aug 2011
Lehman Brothers Holdings Inc has reached agreements with its Asian affiliates guaranteeing their support of its proposed plan to exit bankruptcy...
3 Aug 2011
Japan's Kirin Holdings Co is buying a controlling stake in major Brazilian beer and soft drinks maker Schincariol for 3.95 billion reais ($2.6 billion), making its first foray in the...
3 Aug 2011
Private equity and venture capital-backed initial public offerings in Asia have surged 77 percent in the year to date to the highest level ever, according to the latest Thomson Reuters data...
3 Aug 2011
Evolution Group has received a bid approach, the British investment bank and broker revealed on Wednesday, marking continued consolidation in an industry weakened by a slump in financial markets...
3 Aug 2011
China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two sources with knowledge of the plan said...
3 Aug 2011
Colombia's anti-monopoly watchdog on Tuesday gave British American Tobacco PLC (BATS.L) the green light to buy Protabaco, the second largest cigarette…
2 Aug 2011
Chinese online video website Tudou Holdings is ready to launch its $120 million U.S. initial public offering this week after postponing it in November, IFR reported on Wednesday...
2 Aug 2011
U.S. securities regulators charged Immunosyn Corp, a California-based biopharmaceutical company, with misleading investors about the regulatory status of...
2 Aug 2011
Public Service Enterprise Group Inc is appealing a Delaware judge's ruling letting Dynegy Inc move forward on a planned $1.7 billion debt restructuring...
2 Aug 2011
A FINRA securities industry arbitration panel ordered a former Morgan Stanley Smith Barney broker to pay the firm around $1.2 million for breaching the terms of a...
2 Aug 2011
European regulators likely will not try to "make or break" Deutsche Boerse AG's $9 billion merger with NYSE Euronext, NYSE Chief Executive Duncan Niederauer said on Tuesday...
2 Aug 2011
Google faces a total of nine antitrust complaints which EU regulators are now investigating, two sources said on Tuesday...
2 Aug 2011
Extendicare Real Estate Investment Trust, which runs senior healthcare centers, warned that the Medicare funding cuts planned by the U.S. government would have...
2 Aug 2011
Deutsche Bank AG was sued for damages by the Teachers Insurance and Annuity Association of America as part of a wider backlash against aggressive sales tactics used at...
2 Aug 2011
Hong Kong tycoon Li Ka-shing has agreed to buy British utility Northumbrian Water Group for 2.4 billion pounds ($3.9 billion) in the biggest takeover this year of a British-listed company...
2 Aug 2011
China's central bank has halted offshore yuan borrowing by domestic companies, official media reported, a move seen as an attempt to clamp down on hot money flows at a...
2 Aug 2011
Cantel Medical Corp said it acquired privately-held Byrne Medical for $100 million in a cash-and-stock deal to expand its gastrointestinal endoscopy business...
2 Aug 2011
Taking away the bankruptcy card would weaken the hand of U.S. cities and counties. In high-stakes negotiations with unions and bondholders...
2 Aug 2011
National Bank of Abu Dhabi and Abu Dhabi Islamic Bank executed the Gulf region's first sharia-compliant repo transaction...
2 Aug 2011
Women's retailer Talbots Inc adopted a "poison pill" stockholder rights plan, a day after a media report said a New York-based private equity firm was considering buying the company...
2 Aug 2011
Google Inc has bought The Dealmap, expanding further into a potentially lucrative daily deals market now dominated by the likes of Groupon and LivingSocial...
2 Aug 2011
Helicopter operator Era Group Inc, owned by SEACOR Holdings Inc, filed with U.S. regulators to raise up to $150 million in an initial public offering of its Class A common stock...
2 Aug 2011
The London Stock Exchange has struck a deal with British regulator the Financial Services Authority to buy a reporting service the LSE claims will expand its client base...
2 Aug 2011
Fresenius Medical Care announced two U.S. takeovers with a combined price tag of $2.09 billion on Tuesday, extending its lead as the largest dialysis company in the United States...
2 Aug 2011
The federal government is working to shield state and local governments from possibly dishonest underwriters, especially in complex financial arrangements...
2 Aug 2011
JSW Ispat Steel Ltd has signed a deal to refinance 61.5 billion rupees ($1.4 billion) of debt, enabling the company to come out from a corporate debt restructuring programme...
2 Aug 2011
HSBC Holdings Plc, Europe's biggest bank, said it might have to wait before listing in Shanghai because of market conditions, a senior executive said on Tuesday...
2 Aug 2011
State governments would have to identify persons forming corporations under legislation that was reintroduced on Tuesday in the U.S. Senate...
2 Aug 2011
LivingSocial has agreed to buy South Korean online daily deal provider Ticket Monster in a stock-swap agreement to expand into the Asian market, the South Korean firm said on Tuesday...
1 Aug 2011
A former Trust Company of the West employee intentionally snuck confidential data out of the company and misled investigators who tried to recover it...
1 Aug 2011
155 East Tropicana LLC, owner of the Hooters Casino Hotel, said it filed a petition for protection from creditors under Chapter 11 in the U.S. bankruptcy court of Nevada...
1 Aug 2011
A judge denied a bid by Cohmad Securities Corp to dismiss a $245 million lawsuit from the trustee in charge of recovering money for victims of Bernard Madoff's Ponzi scheme...
1 Aug 2011
Central Falls, Rhode Island, one of a handful of U.S. cities and counties facing fiscal collapse in the wake of the economic recession filed for...
1 Aug 2011
Exchange operator NYSE Euronext said on Monday it agreed to acquire a Tokyo-based firm that helps hedge funds and others trade as quickly and smoothly as possible on...
1 Aug 2011
U.S. securities regulators said on Monday they are crafting a proposal to help allay confusion in the derivatives industry over how new regulations will apply to...
1 Aug 2011
Four former executives at Berkshire Hathaway Inc's General Re Corp unit and one at American International Group Inc won the reversal of their convictions over a...
1 Aug 2011
Riskier Dutch banks will have to contribute more to a new bank deposit guarantee fund than less-risky peers under a plan that aims to raise some 4 billion euros...
1 Aug 2011
Russia's first-ever insider trading law is a big step forward but its execution will be tough, a former market regulator who fought for years to stop the notorious malaise of the...
1 Aug 2011
A mountain of debt held by local governments in China has exposed the fundamental flaws of its fiscal structure, which will need to be fixed to help break a vicious circle of local authorities living beyond their means...
1 Aug 2011
HSBC Holdings Plc said on Sunday it will shed nearly half of its underperforming U.S. branch network, selling 195 branches to First Niagara Financial Group Inc for about $1 billion, and closing 13 others...
1 Aug 2011
A federal appeals court revived a lawsuit on Monday brought by U.S. regulators against the son of prominent investor Mario Gabelli related to alleged mutual fund market timing...
1 Aug 2011
Peabody Energy and ArcelorMittal launched a hostile A$4.7 billion ($5.2 billion) bid for Macarthur Coal after the Australian company's board said their approach…
1 Aug 2011
European aerospace group EADS kept up a hot pace of acquisitions with a $960 million cash deal to buy satellite communications firm Vizada on Monday, chasing steadier sales from high-value services...
1 Aug 2011
Telephone company Windstream Corp plans to buy Paetec Holding Corp for about $891 million in stock to expand its broadband business and cut costs...
1 Aug 2011
General Electric Co agreed to sell its stake in a business that leases shipping containers to China's HNA Group and Bravia Capital in a $1 billion deal that is...
1 Aug 2011
Regulating lending by imposing higher collateral requirements, or "haircuts", in times of rising asset prices could be a useful tool to promote financial stability...
1 Aug 2011
A spate of spectacular collapses of Chinese stocks listed on American exchanges has cost U.S. investors billions of dollars. The fiasco has sparked multiple investigations...
1 Aug 2011
The U.S. Securities and Exchange Commission has asked insurer AIG to provide more disclosure about how and why it assigns credit ratings to investments in its portfolio...
1 Aug 2011
EU and IMF officials launch their first review of Portugal's international bailout on Monday, with the focus on how the government plans to correct a budget slippage and meet its promised fiscal targets this year...
1 Aug 2011
Investors boosted stocks and sold safe-haven assets on Monday, betting that a last-minute deal in Washington meant the U.S. economy would avoid default...
1 Aug 2011
The European Union will present a plan to Greece's access to billion of euros in structural funds as part of efforts to help boost investment in the struggling country, a German newspaper reported on Monday...
1 Aug 2011
Bharti Airtel, India's top mobile carrier, is seeing stiff competition in the Indian market easing and feels consolidation in the 15-player market is imminent, Chairman Sunil Mittal said in the company's annual report...