NEWS
March 2012
30 Mar 2012
A Canadian court has granted Sino-Forest Corp protection from its creditors and has approved an agreement with some of its noteholders to start the process of...
30 Mar 2012
A U.S. appeals court was asked on Friday to decide whether Goldman Sachs Group Inc and TCW Asset Management Co should have foreseen the housing market implosion...
30 Mar 2012
Magna International Inc's chairman and two directors, all of whom backed the controversial 2010 buyout of company founder Frank Stronach, will step down...
30 Mar 2012
This week's appointment of several new financial regulators leaves Wall Street with little to cheer about. Granted, neither Thomas Curry, the new Comptroller of the Currency...
30 Mar 2012
Volatility subsided in the first quarter of 2012 following the shorter, steeper cycles observed last year. As a result, 1Q12 high yield volumes were robust, but they were driven...
30 Mar 2012
South Korea's SK hynix said on Friday it has made a preliminary bid for Japan's Elpida Memory, while sources said U.S.-based Micron Technology also plans to enter the fray for taking over the bankrupt memory chipmaker.
30 Mar 2012
Galaxy Resources said on Friday it will take over Canada's Lithium One in a friendly, C$109 million ($109.10 million) deal that will enable the Australian miner to expand...
30 Mar 2012
The head of the new U.S. financial protection agency is fending off criticism that the presence of enforcement staff during routine inspection visits to banks is an intimidation technique...
30 Mar 2012
German state-backed lender Commerzbank won European Union approval on Friday to wind down its Eurohypo mortgage unit instead of selling it in a change to restructuring plans...
30 Mar 2012
The U.S. regulator that oversees the sale of investment products to investors is investigating how companies are marketing exchange-traded notes...
30 Mar 2012
A former trader for Royal Bank of Scotland PLC says that Brevan Howard, one of Europe's largest hedge funds, asked the British bank to change the LIBOR rate, court documents filed in Singapore show...
30 Mar 2012
A federal judge on Friday dismissed five out of nine claims against Bank of New York Mellon over its foreign exchange pricing practices, and shipped off four remaining claims...
30 Mar 2012
The case of a wealthy U.S. businessman who pleaded guilty to evading taxes but then sued the Swiss bank where he hid his money is scheduled to go to trial on May 8...
30 Mar 2012
A federal judge rejected the U.S. Securities and Exchange Commission's demand that Wells Fargo & Co comply with subpoenas related to a probe of the bank's sale of...
29 Mar 2012
Two Oregon pension funds will lead shareholder litigation accusing Bank of New York Mellon Corp of overcharging clients on foreign currency exchange transactions...
29 Mar 2012
Continental Resources’ billionaire chief executive Harold Hamm has persuaded the firm to buy another of his companies, and both executives and the board appear to have played it fair...
29 Mar 2012
Bank of America Corp on Thursday won dismissal of a lawsuit by investors who wanted the bank to buy back mortgage loans that underlie more than $1.06 billion of securities...
29 Mar 2012
Japan Airlines is planning to tap Australia's Qantas, British Airways owner IAG and other members of the Oneworld alliance as possible investors in its initial public offering...
29 Mar 2012
HSBC, Europe's largest bank, is buying the onshore retail, corporate and commercial banking business of Lloyds Banking Group in the United Arab Emirates...
29 Mar 2012
Hedge fund managers are increasingly nervous about getting a knock on the door from U.S. securities regulators now that a new rule requires them to register...
29 Mar 2012
Derma Sciences Inc said it will buy privately held MedEfficiency Inc for $14.5 million to gain access to its device that will help support Derma's treatment of diabetes-induced foot ulcers...
29 Mar 2012
A select group of banks are hoping to cash in on new regulations by helping their clients find $2 trillion in guarantees they will need to carry on trading complex debt instruments...
29 Mar 2012
A $1 billion sweetener has bought Roche a tactical advantage in its pursuit of Illumina. But with the Swiss drugmaker still keen for a friendly tie-up, its gene-sequencing target may yet...
29 Mar 2012
French utility GDF Suez SA is ready to pay 6 billion pounds ($9.5 billion) for the 30 percent of British electricity producer International Power Plc it does not already own...
29 Mar 2012
Banks in Britain do not have effective anti-bribery and corruption controls and the financial regulator is considering referring some for further investigation and possible fines...
29 Mar 2012
Vietcomban, Vietnam's fourth-largest lender by assets, plans to raise $1 billion selling bonds in international markets, its chairman said...
29 Mar 2012
Medical device company Globus Medical Inc filed with U.S. regulators on Thursday to raise up to $100 million in an initial public offering of common stock...
29 Mar 2012
Roche Holding has raised its bid for Illumina to $6.7 billion after talks with the U.S. gene sequencing company's shareholders in an effort to force a reluctant board to negotiate a sale...
29 Mar 2012
EU regulators are set to approve a bid by IAG, the owner of British Airways, to acquire Lufthansa's British unit bmi after IAG offered to give up additional airport slots, a person familiar with the matter said on Thursday...
29 Mar 2012
South Korean refiner Hyundai Oilbank is delaying plans for an initial public offer worth up to $2 billion, partly on investor concerns over its links to Iran, sources said, the second big Asian IPO to be snagged by Western sanctions against Tehran...
29 Mar 2012
China's fledgling corporate debt market will face a watershed moment next month, when an insolvent manufacturer of chemical fibers may become the first company in the brief history of the country's bond market to default on its obligations...
29 Mar 2012
A panel appointed by Ernst & Young's Japanese arm to review its audit of Olympus Corp after its $1.7 billion accounting scandal said on Thursday it had not found any grounds to hold the auditor…
28 Mar 2012
Carlyle's $510 mln deal shows they can still be done. But both buyers and sellers are sticking with far less racy offerings than during the bubble. That limits the fuel for LBO shops...
28 Mar 2012
Social-networking site Facebook is halting the sale of its shares on secondary markets effective next week, aiming to reduce churn in its valuation which could complicate matters...
28 Mar 2012
Bank of America Corp Chief Executive Officer Brian Moynihan made $8.1 million in total compensation last year, more than four times the $1.9 million he received in 2010...
28 Mar 2012
A quiet win for accused insider-trader Rajat Gupta should be a loud warning for prosecutors. Granting the former Goldman Sachs director and McKinsey boss access to U.S. government notes...
28 Mar 2012
The report, released on Wednesday by business information provider IHS Inc, seeks to gauge the rule's impact on energy companies and markets, including oil refineries...
28 Mar 2012
The U.S. accounting standard-setting board could this year revamp the accounting treatment that MF Global used to mask risky European sovereign debt exposure...
28 Mar 2012
Shining a light on prices in the opaque over-the-counter market for interest-rate derivatives is unlikely to hurt liquidity in the $550 trillion market and may improve it...
28 Mar 2012
Filter and pump maker Pentair Inc reached a deal to absorb Tyco International Ltd's flow control business in a deal that will create a company with annual revenue of $7.7 billion...
28 Mar 2012
Shares of Amylin Pharmaceuticals Inc rose as much as 51 percent on Wednesday after Bloomberg News reported the company rejected a $3.5 billion unsolicited takeover bid...
28 Mar 2012
Britain's banking trade body ruled out on Wednesday a "big bang" reform of the Libor interest rate, saying it favoured gradual change, although rules may be tightened...
28 Mar 2012
Discontent is building against executive bonuses totalling more than 1 billion euros (836 million pounds) at Anheuser-Busch InBev triggered when the brewer cut...
28 Mar 2012
HIG European Capital Partners has offered to buy three French alumina plants from mining group Rio Tinto, Olivier Boyadjian, managing director of the private equity...
28 Mar 2012
Singapore's privately held PhillipCapital Group said on Wednesday it has agreed to buy a majority stake in defunct broker MF Global's Indian unit...
28 Mar 2012
Bertelsmann said it is looking into taking the company public while preserving the Mohn family's control over Europe's largest media company...
28 Mar 2012
France's competition watchdog said on Wednesday that it would open an extended inquiry of a 2006 deal that saw Vivendi's pay-TV unit Canal+ buy its main satellite competitor TPS...
28 Mar 2012
ArcelorMittal said on Wednesday it had completed its sale of 134.3 million shares and the same number of warrants in Turkey's biggest steelmaker Erdemir...
27 Mar 2012
Abu Dhabi investors have discussed a 10 billion pound ($15.97 billion) investment into Royal Bank of Scotland, the Financial Times reported on Wednesday...
27 Mar 2012
Germany's HSH Nordbank AG may not pursue a fraud case against UBS AG over a soured $500 million mortgage investment, a New York appeals court ruled on Tuesday, reversing a lower court...
27 Mar 2012
Swiss banks have brought a second U.S. tax dodger crackdown upon themselves by accepting money that flowed out of UBS accounts after the first one in 2008...
27 Mar 2012
Health insurer Humana Inc has won antitrust approval to buy California-based Arcadian Management Services on condition that it sell Arcadian's Medicare Advantage business...
27 Mar 2012
Shareholders in motor racing group Formula One (F1) are raising $1 billion from a loan refinancing which will be paid into a holding company for future dividends and acquisitions...
27 Mar 2012
Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to suppress wiretap evidence at his upcoming criminal trial on charges that he leaked boardroom secrets...
27 Mar 2012
Capital Bank Financial Corp, a U.S. bank holding company that last year filed plans for a public stock offering, has agreed to buy Southern Community Financial Corp...
27 Mar 2012
(Refiles to remove extraneous word "of" in paragraph 13)
27 Mar 2012
U.S. tech giants Hewlett Packard and Oracle on Monday both sought pretrial wins in their bitter legal battle over whether Oracle can end support for Itanium...
27 Mar 2012
Spanish bank investors have just had a painful reminder of the real estate mess that burdens the country's banking system. Just a few months after Banca Civica listed on the stock market...
27 Mar 2012
Lawyer John Mountain watched with frustration last year as the shares of Sino-Forest fell through the floor after short-seller Carson Block accused the China-focused forestry company...
27 Mar 2012
Bankers' bonuses should be capped at twice their basic pay and "golden hellos" handed back if performance disappoints, European Union lawmakers said on Tuesday...
27 Mar 2012
Semi-trailer maker Wabash National Corp said it will buy privately held Walker Group Holdings LLC for $360 million in cash to diversify its business...
27 Mar 2012
A German court has dismissed a symbolic lawsuit claiming damages from a 2009 walkout at the Stuttgart airport brought by the country's four main domestic airlines against the union of air traffic controllers, it said on Tuesday...
27 Mar 2012
Greece's wretched experience has been a poor advert for asset sales as a tool to cut state borrowings, but others in the euro zone high debt club are much better placed to make a decent fist of privatisations...
27 Mar 2012
The European Commission has opened an in-depth investigation into the proposed acquisition of Goodrich Corporation by United Technology Corporation (UTC), both U.S. aviation equipment makers, the European Union's executive said on Tuesday...
27 Mar 2012
British credit card insurer CPP, which has been hit by a regulatory probe into its business practices, said on Tuesday that the investigation was not over yet despite an agreement with the regulator to review its corporate procedures...
27 Mar 2012
The president of Tokyo-based money manager AIJ Investment Advisors admitted to Japanese lawmakers on Tuesday to covering up losses of $1.3 billion in clients' pension money but said he had no intention of cheating his clients...
26 Mar 2012
Deutsche Bank AG has agreed to pay $32.5 million to investors who said they were misled about the quality of mortgage loans sold to them as highly rated securities...
26 Mar 2012
Blackstone Group LP and Bain Capital LP have tapped banks for an initial public offering of Michael Stores Inc, North America's largest specialty retailer of arts and crafts...
26 Mar 2012
Spain's La Caixa agreed on Monday to the takeover of smaller rival Banca Civica by its listed arm CaixaBank, said two sources close to the deal...
26 Mar 2012
Abu Dhabi state investment fund Mubadala said on Monday it will buy a $2 billion stake in Brazil's EBX Group, providing fresh capital to the Brazilian conglomerate...
26 Mar 2012
Hong Kong's market regulator said on Monday it is waiving for two years the annual licensing fees it charges financial intermediaries…
26 Mar 2012
Energy management company Comverge Inc, which has been exploring strategic alternatives for over a year, said it will be taken private by H.I.G. Capital...
26 Mar 2012
Canada's Valeant Pharmaceuticals International Inc said it has agreed to buy Russian pharma company Natur Produkt International, JSC for about $180 million...
26 Mar 2012
British mobile banking technology and services firm Monitise Plc has agreed to buy privately held U.S. rival Clairmail for $173 million, expanding its reach on the key North American market...
26 Mar 2012
Roche Holding AG on Monday extended its $5.7 billion cash bid for U.S. gene decoder Illumina for a second time as the Swiss drugmaker sticks to its tried and tested...
26 Mar 2012
Australia has blocked China's Huawei Technologies Co Ltd <HWT.UL> from tendering for contracts in the country's $38 billion National Broadband Network (NBN) due to cyber security concerns, Huawei said on Monday...
26 Mar 2012
In July last year, the U.S. Food and Drug Administration (FDA) said two 2010 inspections, an internal company investigation and a third-party audit uncovered "significant instances of misconduct and violations" at a Cetero facility in Houston.
25 Mar 2012
Disagreement emerged on Sunday over the re-listing of an electronic stock exchange that suffered a high-profile crash last week, a breakdown that forced it to unwind...
25 Mar 2012
Australia's national carrier, Qantas, has moved to expand its Asian business and cut costs by entering into an equal joint venture with China Eastern Airlines Corp Ltd to set up a Hong Kong-based low-cost carrier...
25 Mar 2012
Yahoo Inc said on Sunday it has appointed three new independent directors...
23 Mar 2012
U.S. securities regulators accused Wells Fargo on Friday of failing to turn over documents in connection with a probe into the bank's $60 billion sale...
23 Mar 2012
Cash rewards for whistleblowers at financial firms can motivate employees to do what companies fear most: report company wrongdoing to regulators...
23 Mar 2012
EU antitrust regulators opened an in-depth investigation on Friday into a bid by Vivendi's Universal Music to buy EMI's recorded music unit for $1.9 billion...
23 Mar 2012
U.S. banks may get breathing room on the Volcker rule's looming crackdown on proprietary trading, after a Federal Reserve official pledged to ease firms into compliance...
23 Mar 2012
Vivendi's Universal Music feels good. The purveyor of Lady Gaga hits is so confident of getting approval to buy rival EMI that it agreed to pay the full $1.9 billion price...
23 Mar 2012
Navistar International Corp has become the latest company to abandon plans to require its shareholders to bring any legal action against it exclusively in Delaware...
23 Mar 2012
Morgan Stanley is interested in buying all of Citigroup Inc's stake in their wealth management joint venture this year in what could be a roughly $10 billion deal...
23 Mar 2012
Sealy Corp on Friday defended private equity firm KKR & Co LP, its largest shareholder, against a hedge fund's allegations of mismanagement and conflicts of interest...
23 Mar 2012
Global regulators are expected to allow banks greater flexibility to meet new short-term liquidity rules, according to sources with knowledge of the discussions...
23 Mar 2012
Yara International, one of the world's largest fertiliser companies, said it had uncovered "unacceptable payments" at its joint venture in Switzerland...
23 Mar 2012
Chinese firms are on the prowl for mining investments in Africa, South America and central Asia as they look to feed ever expanding domestic demand for key commodities, but are switching away from Australia and Canada, which are getting too expensive...
22 Mar 2012
EBay Inc agreed to sell its Rent.com unit to PRIMEDIA as the company shifts away from classified and listings businesses to focus on other e-commerce and payments efforts.
22 Mar 2012
Facebook's 31 underwriting banks are mobilizing for the company's initial public offering. In such a hyped IPO, any kind of valuation is possible. But a comparison with the history...
22 Mar 2012
Canada's No. 2 railway is locked in a proxy battle with Ackman's Pershing Square Capital Management, which wants to replace Chief Executive Fred Green...
22 Mar 2012
Less than three months into the job as Yahoo Inc's chief executive, Scott Thompson faces a proxy showdown with hedge fund Third Point...
22 Mar 2012
Twelve outside directors of Morgan Stanley have won the dismissal of a shareholder lawsuit over their decisions on how to pay tens of thousands of workers...
22 Mar 2012
NYSE Euronext said it would not join Deutsche Boerse in appealing the European Commission's decision to prohibit the $7.4 billion merger between the two exchange operators...
22 Mar 2012
Japan's largest investment bank, Nomura Holdings, faced questions about its internal controls on Thursday as the leaking of…
22 Mar 2012
Ericsson, the world's top mobile network equipment maker, has increased its stake in joint venture LG-Ericsson as it looks to consolidate its position...
22 Mar 2012
Enbridge Inc said it bought a 50-megawatt project in Nevada from First Solar Inc for undisclosed terms, marking the Canadian company's entry into the U.S. solar energy market...
22 Mar 2012
Goldman Sachs Group Inc lost its bid to dismiss a lawsuit accusing it of defrauding investors by selling risky debt linked to subprime mortgages that it planned to bet against...
22 Mar 2012
Japan's NEC Corp said on Thursday it would spend $450 million to buy the business support operations of U.S. telecoms firm Convergys Corp as it hunts...
22 Mar 2012
U.S. broadcaster Scripps Networks Interactive Inc said it will buy UK-based Travel Channel International Ltd for 65 million pounds ($103 million) to expand...
22 Mar 2012
Sony Corp said on Thursday that it will sell off part of a chemical and device subsidiary that makes films and adhesives used in televisions, cameras and...
22 Mar 2012
U.S. car maker General Motors on Thursday committed to invest A$1 billion (US$1.04 billion) in its Australian operations over the next decade after securing...
22 Mar 2012
Trading in shares of Chinese milk formula products producer Daqing Dairy Holdings Ltd was suspended on Thursday after the company's auditors resigned, the second…
21 Mar 2012
A series of victories by Morgan Keegan & Co is calling into question who can be considered a "customer" in securities arbitration cases...
21 Mar 2012
Zynga Inc is buying OMGPOP, maker of the popular game "Draw Something" for an undisclosed sum, as the company moves to expand its games lineup on mobile devices...
21 Mar 2012
Allowing firms to raise capital online or by using social media is basically a good idea. But bringing in novice investors demands stronger rules when it comes to startups...
21 Mar 2012
European stock markets are open for deals again after an eight month drought but with investors still hurting from last year's poorly performing flotations and...
21 Mar 2012
United Parcel Service Inc (UPS) should not face problems funding its 5.2 billion euros ($6.9 billion) acquisition of TNT Express NV as lenders and investors are eager...
21 Mar 2012
Lloyd's of London insurer Hardy Underwriting said it had accepted a 280 pence per share cash takeover offer from U.S. rival CNA Financial, valuing it at about 143 million pounds ($227 million).
21 Mar 2012
South Korean state oil firm Korea National Oil Corp (KNOC) said a consortium led by private equity firm Apollo Global Management LLC, of which it is a part, will buy...
21 Mar 2012
Global regulators called on banks to give investors more precise and relevant information about risks from next year or face mandatory rules...
21 Mar 2012
London-listed Kazakh miner ENRC , which came under pressure from investors over its governance last year, said on Wednesday in reporting profits below market forecasts it would continue to review and "refresh" its board...
21 Mar 2012
Turkey could still get a waiver over sanctions which the United States plans to implement on countries buying oil from Iran despite not being named on a list of exempted nations released by Washington, Energy Minister Taner Yildiz said on Wednesday...
21 Mar 2012
Greece will put two major listed companies, betting monopoly OPAP and refiner Hellenic Petroleum, up for sale by May to boost a much-delayed privatisation plan and help cut the country's debt, its chief privatisation official told Reuters...
21 Mar 2012
Morgan Stanley's Asia private equity arm has invested $300 million in China's Tianhe Chemicals Group, the two companies said on Wednesday...
21 Mar 2012
A group of foreign shareholders in scandal-hit Olympus Corp, including Southeastern Asset Management and Indus Capital, on Wednesday blasted the company's choice of chairman and renewed their call for someone more independent...
21 Mar 2012
A counteroffensive of sorts may be underway this year in what has seemed like a one-sided "global currency war" as developing economies slow, western money-printing pauses and the heat comes out of pumped-up emerging market currencies...
21 Mar 2012
Bridge Trust is based in Zhengzhou and is majority owned by a state-controlled company China Power Investment Financial Co, the Journal said...
20 Mar 2012
Facebook will pay a fee of just 1.1 percent to underwriters of its initial public offering, a source with knowledge of the company's plans said on Monday...
20 Mar 2012
The new Consumer Financial Protection Bureau said it planned to play an active role in court cases involving disputes over consumer lending laws...
20 Mar 2012
Glencore has roped in two local partners for its C$6.1 billion ($6.2 billion) purchase of Viterra, Canada's largest grain handler. That cuts its outlay by C$2.6 billion and...
20 Mar 2012
Judges may not need a big stick. Delaware Chancellor Leo Strine and U.S. District Judge Jed Rakoff have become known for tough and snarky rulings...
20 Mar 2012
Antitrust lawyers see scant chance that Deutsche Boerse AG will win its appeal against the European Commission's rejection of its merger with NYSE Euronext...
20 Mar 2012
The Securities and Exchange Commission said on Monday that recent financial struggles of states and cities are creating the need for better disclosures and record-keeping...
20 Mar 2012
JPMorgan Chase & Co agreed to pay $150 million to settle a lawsuit by pension funds and other investors accusing the largest U.S. bank of imprudently investing their cash...
20 Mar 2012
A federal appeals court will wait until late September to review U.S. District Judge Jed Rakoff's rejection of a U.S. Securities and Exchange Commission fraud settlement with Citigroup...
20 Mar 2012
Glencore, the world's largest commodities trader, is buying Canada's leading grain handler, Viterra, in a cash deal valuing it at C$6.1 billion ($6.2 billion)...
20 Mar 2012
Amazon.com Inc said on Monday it agreed to buy Kiva Systems Inc for $775 million in cash, a deal that will bring more robotic technology...
20 Mar 2012
Israel's DS Apex Holdings said on Tuesday it plans to buy rival Meitav Investment House through a share swap in a move that would create Israel's second...
20 Mar 2012
As lawmakers prepare to vote on legislation that would make it easier for small businesses to raise capital, state securities regulators are scrambling...
20 Mar 2012
Foreigners will not need a local partner to set up businesses in Myanmar, in line with current legisation, and may be granted a five-year tax holiday from the start of commercial operations, according to the draft of a new investment law obtained by Reuters...
20 Mar 2012
Deutsche Bank said it received subpoenas and requests for information from U.S. and European Union agencies as part of a global probe into interbank offered rates...
20 Mar 2012
Exchanges should move away from their current over-reliance on a single criterion for delisting - three straight years of operating losses - and develop…
20 Mar 2012
British finance minister George Osborne launches his much-vaunted 20 billion pound credit easing scheme to help small companies on Tuesday, but critics argue the plan will make little difference to cash-starved firms...
19 Mar 2012
The company, Asia's largest property developer by market value, said Thomas Chan had informed it that he had been arrested by Hong Kong's Independent Commission Against Corruption (ICAC) in relation to allegations of bribery...
19 Mar 2012
Goldman Sachs Group Inc scored at least one victory in an otherwise tough week - this one against a coalition of religious groups...
19 Mar 2012
Privately-held Zayo Group LLC agreed to buy rival AboveNet Inc, a provider of broadband connections to big companies and carriers, for about $2.2 billion...
19 Mar 2012
British banking software company Misys has agreed to be bought by private equity firm Vista Partners for 1.27 billion pounds ($2 billion) after dismissing a merger...
19 Mar 2012
Covidien Plc said it would buy superDimension Ltd, an Israel-based respiratory systems maker, for about $300 million to gain access to its device...
19 Mar 2012
United Parcel Service will pay 5.2 billion euros ($6.85 billion) for Dutch peer TNT Express in a deal making the world's largest package delivery company the market leader in Europe...
19 Mar 2012
The undersea cable unit of India's Reliance Communications has applied to list in Singapore, two sources with direct knowledge of the matter said, potentially raising $1-1.5 billion to help its parent pare a heavy debt burden...
19 Mar 2012
India's proposal to back-date tax claims on overseas deals involving local assets throws foreign investment into fresh uncertainty, experts and industry figures said, potentially reopening old legal battles and clouding business sentiment...
19 Mar 2012
Finnish cargo handling equipment maker Cargotec is considering listing its marine unit on the Singapore exchange to strengthen its presence in Asia, the firm said on Monday...
19 Mar 2012
Investcorp Corp, a Bahraini alternative investment manager, on Monday said it acquired UK-based education firm GL Education Group for an undisclosed amount...
19 Mar 2012
Dun & Bradstreet, a global business information firm, said some of its local employees in China may have violated U.S. anti-bribery laws and it had suspended operations at one of its local units pending an inquiry...
18 Mar 2012
Japan's Marubeni Corp <8002.T> and a Japanese state-sponsored fund will buy British wind power engineering company Seajacks International for about $850 million (536 million pounds), the Nikkei financial daily reported on Monday...
18 Mar 2012
Australia's third-ranked TV network, Ten Network Holdings Ltd, said it is considering selling its outdoor advertising business Eye Corp, following a spate of consolidation in the fast-growing outdoor ad market...
18 Mar 2012
German commercial broadcaster ProSiebenSat1 is to buy a majority stake in British movie and television producer Endor from producer Hilary Bevan Jones, the head of ProSieben's production unit Red Arrow told a German newspaper...
16 Mar 2012
BCE Inc, parent of Bell Canada, has agreed to acquire its smaller rival Astral Media for C$3 billion, as seeks to expand its presence in broadcasting and strengthen...
16 Mar 2012
Banks did not have to spell out long-range acquisition plans to the Federal Reserve in their stress test scenarios, but investors are scrutinizing test results...
16 Mar 2012
(Reuters) Even judges need their own lawyers, sometimes.
16 Mar 2012
EU foreign ministers are expected to discuss how the bloc's Iran oil embargo will impact shipping insurance when they hold a scheduled meeting next week, an industry source said on Friday...
16 Mar 2012
Italian insurer Unipol said its shareholders are fully behind management plans to merge with peer Fondiaria SAI in a 1.7 billion euro ($2.22 billion) deal...
16 Mar 2012
French drugmaker Sanofi has agreed to buy U.S. medical device company Pluromed to expand its presence in biosurgery, it said in a statement on Friday...
16 Mar 2012
The euro zone may raise the combined lending power of its bailout funds to close to 700 billion euros from 500 billion in a trade-off between German opposition to committing more money and calming markets, euro zone officials said...
16 Mar 2012
The British arm of Groupon Inc pledged on Friday to change the way it promotes offers after the country's trading watchdog said it had found breaches of consumer protection rules at the daily-deal company...
16 Mar 2012
The board of RUSAL Plc, the world's largest aluminum company, has elected Barry Cheung of the Hong Kong Mercantile Exchange as its new chairman after billionaire Viktor Vekselberg quit this week, a source close to a shareholder said on Friday...
16 Mar 2012
Italian Prime Minister Mario Monti is on track to seal a labour reform next week after the three big parties supporting him gave their backing to the changes, which are central to his plans to stimulate the debt-laden economy...
16 Mar 2012
Hector Sants, the head of Britain's Financial Services Authority (FSA) watchdog who was due to take up a new regulatory post once the FSA is disbanded in 2013, will step down from his post in June, the FSA said on Friday...
16 Mar 2012
Vivendi's Universal Music is not expected to offer concessions to EU antitrust regulators assessing its bid for EMI's recorded music unit, a person familiar with the matter said, a move that will trigger a lengthy investigation of the deal...
16 Mar 2012
Investors should move cautiously back into risky assets now the Greek debt restructuring seems to have headed off a euro crisis, as markets could turn sharply if the supply of cheap money dries up, according to Swiss bank UBS...
16 Mar 2012
Parts of Solar Millennium, a German solar company that filed for insolvency in December, have been sold to investors by its insolvency administrator, the group said on Friday....
16 Mar 2012
Cypriot finance minister Kikis Kazamias, credited with spearheading an austerity drive pulling Cyprus back from the brink of an international bailout, has resigned for health reasons, the government said on Friday...
16 Mar 2012
Promsvyazbank (PSB), one of Russia's largest privately-owned banks, may issue Eurobonds worth around $500 million in the second quarter of 2012 and float shares later in the year if market conditions allow, a top executive said in an interview...
16 Mar 2012
United Parcel Service said it was in constructive talks to buy Dutch rival TNT Express and reiterated its intention to make an offer, having last month proposed a 9 euros per share deal worth 4.9 billion euros ($6.4 billion)...
16 Mar 2012
The troubled assets, which are held by the Federal Reserve Bank of New York, are valued at about $47 billion at face value, the paper said. These toxic assets were acquired by New York Fed as a part of the AIG bailout at the height of the financial crisis...
15 Mar 2012
The Goldman Sachs resignation letter heard around the world has increased pressure on U.S. regulators to quickly put in place a tough version of the Volcker rule...
15 Mar 2012
The Securities and Exchange Commission on Thursday released a new economic analysis that will be used to justify a critical final rule that will determine which companies will face new regulations of their derivatives trading...
15 Mar 2012
Cisco's John Chambers has fallen off the M&A wagon. But this acquisition might just deliver justifiable returns and fit nicely with Cisco's revised strategy...
15 Mar 2012
NDS, which develops software for multi-channel television networks, is in advanced talks to be acquired by Cisco Systems for $5 billion...
15 Mar 2012
A federal appeals court on Thursday said there is a "strong likelihood" that a lower court judge erred in rejecting the SEC's proposed $285 million settlement...
15 Mar 2012
Kinder Morgan Inc said on Thursday it had reached a verbal agreement with regulators to sell some of Kinder Morgan Energy Partners LP's pipeline assets...
15 Mar 2012
Peter Weinberg, the co-founder of boutique advisory firm Perella Weinberg, joined the chorus heralding a coming wave of overseas acquisitions...
15 Mar 2012
Oil company BP <BP.L> said it was investigating possible impropriety after a whistleblower sent a letter making "serious" allegations to Chief Executive Bob Dudley...
15 Mar 2012
UK drugmaker Shire Plc said it would buy privately held biotechnology firm FerroKin BioSciences for up to $325 million, including an upfront cash payment of $100 million, to expand its portfolio of blood disease treatments.
15 Mar 2012
Russia's biggest lender Sberbank plans to start a roadshow for the sale of a $6 billion government stake on April 16, in a move that underscores its arrival...
15 Mar 2012
China's fifth-largest lender, Bank of Communications Co Ltd <3328.HK>, will raise $8.9 billion to meet tighter capital requirements by placing shares with existing shareholders such as HSBC <HSBA.L> and the country's finance ministry...
15 Mar 2012
UBS paid U.S. brokerage chief Robert McCann nearly 9.2 million Swiss francs ($9.9 million) overall last year, with the executive usurping investment banking head Carsten Kengeter as the Swiss bank's highest earner...
15 Mar 2012
Greg Smith was a principled and competitive student, the kind of person whose strong sense of right and wrong probably pushed him to resign from Goldman Sachs in a scathing letter to an international newspaper, his former teacher and coach said...
15 Mar 2012
GlaxoSmithKline has agreed to sell a collection of over-the-counter healthcare brands in Europe to Omega Pharma for 470 million euros ($612 million), while delaying the divestment of weight-loss pill Alli...
15 Mar 2012
J.P. Morgan CEO Jamie Dimon warned employees not to seek advantage from competitors' "alleged issues" after a former Goldman Sachs banker sparked a firestorm by charging that Goldman managing directors viewed clients as "muppets"...
15 Mar 2012
Lloyds Banking Group has started the sale of A$2.1 billion (1.4 billion pounds) of non-performing loans on distressed property in Australia as the group seeks to wind down non-core assets, a source close to the deal said on Thursday...
15 Mar 2012
The deal would make BoCom the latest bank to tap the market to replenish capital following rapid loan expansion and tighter regulation…
15 Mar 2012
After a wave of scandals including wrongful foreclosures on U.S. home mortgages, worker suicides at a major Apple Inc supplier in China and the $1.7 billion accounting fraud at Japan's…
14 Mar 2012
Securities regulators took enforcement action against an online trading platform and two private funds offering Facebook shares on Wednesday...
14 Mar 2012
Britain's bosses have only themselves to blame if they don't like government plans to give shareholders new powers. But the reforms being proposed look bang on the money...
14 Mar 2012
Regulators won't fully understand the complexity of "shadow banks" and should therefore opt for radical rule changes, Britain's Financial Services Authority (FSA) said on Wednesday.
14 Mar 2012
Zynga Inc filed with U.S. regulators for a secondary stock offering of up to $400 million on Wednesday, paving the way for some early investors to exit their holdings...
14 Mar 2012
Morgan Stanley will exit an oil marketing deal with European refineries of Britain's Ineos Group Ltd, now half-owned by PetroChina Co Ltd, from the end of this month as the Chinese state oil giant takes over the job, traders said...
14 Mar 2012
Angry investors are seeing far fewer financial benefits from lawsuits accusing corporate America of securities fraud, but may be on the cusp of a turnaround...
14 Mar 2012
Watsco Inc said it agreed to buy a 60 percent stake in Carrier's heating, ventilation and air-conditioning distribution network in Canada...
14 Mar 2012
Greece's Alpha Bank will propose pulling out of a planned merger with Eurobank because of the impact of the country's bond swap deal on the banks, the lender said on Wednesday...
14 Mar 2012
As the first G7 country to purchase Chinese government debt, Japan is gambling that its $10 billion investment will yield greater insight into Chinese currency policy in addition to one benefit already bagged -- reduced upward pressure on the yen...
14 Mar 2012
Overnight borrowing from the European Central Bank stayed higher on Wednesday as banks began using Greek bonds as collateral at the central bank's refinancing operations again after Greece's bond restructuring went through successfully...
14 Mar 2012
Germany's Siemens and France's Areva have offered commitments to the European Commission in an anti-trust case over their former nuclear power joint venture, the EU's competition regulator said...
14 Mar 2012
A U.S.-based hedge fund said it has won a legal claim against Dubai's Drydocks World for defaulting on a loan, putting the ship builder's $2.2 billion debt restructuring in further trouble...
14 Mar 2012
European banks will continue to reduce their lending in Asia, posing problems for companies in the region as local financial institutions lack the capacity to make up the shortfall, Singapore's central bank chief warned on Wednesday...
13 Mar 2012
A New York-based futures clearing company has been sued by the U.S. Commodity Futures Trading Commission for allegedly failing to properly segregate customer funds...
13 Mar 2012
Watch companies are having to move fast to build in-house production or alliances with Swiss makers of movements, dials and cases to replace supplies being cut...
13 Mar 2012
Miner Xstrata has sold a stake in its burgeoning Canadian coking coal operations to JX Nippon, forming a joint venture with the Japanese oil refiner...
13 Mar 2012
BATS Global Markets plans to sell up to 6.3 million shares of Class A common stock at an expected price of $16 to $18 apiece through its proposed initial public offering...
13 Mar 2012
Free banking in Britain is making it harder to stamp out the mis-selling of complex financial products as lenders chase shrinking profits in the face of record low interest rates...
13 Mar 2012
Market regulators are stepping up their scrutiny of trading in stocks of private companies and are negotiating a settlement with SharesPost...
13 Mar 2012
Walt Disney Co. shareholders reelected 10 members of the Disney board during the company's annual shareholder meeting despite opposition from shareholder groups...
13 Mar 2012
Facebook has friended a raft of new underwriters for its forthcoming initial public offering. That may be overkill, but the social network's clout means...
13 Mar 2012
BB&T Corp said it has amended its agreement to acquire Florida-based BankAtlantic Bancorp Inc's bank subsidiary to address litigation challenges...
13 Mar 2012
Chinese car parts maker Hebei Lingyun is buying German peer Kiekert for an undisclosed sum, Kiekert said in a statement on Tuesday...
13 Mar 2012
Private equity firm Apollo Global Management said its affiliate will buy the operator of indoor waterpark resorts Great Wolf Resorts...
13 Mar 2012
Kazakhstan has postponed plans to float shares in several state-run enterprises, including an oil transport company and its national grid, due to volatile global market conditions, economy minister Bakytzhan Sagintayev said on Tuesday...
13 Mar 2012
A trade repository could help shine a light on the "invisibility" of insurers who lend their securities to other financial institutions, Bank of England Deputy Governor for Financial Stability Paul Tucker said on Tuesday...
13 Mar 2012
Liontrust Asset Management said it would buy the fund management unit of Walker Crips Group Plc for 12.3 million pounds, as it looked to boost...
13 Mar 2012
MF Global filed for bankruptcy after it was forced to reveal it had bet billions on European sovereign debt, a disclosure that led to credit-rating downgrades and unnerved investors. Chief Executive Jon Corzine resigned days later...
13 Mar 2012
Shareholders of Daewoo Electronics plan to relaunch the stalled sale of the South Korean home appliance maker in April, an official at one of the shareholding companies said on Tuesday...
13 Mar 2012
The billionaire chairman of Russia's RUSAL Plc has quit, saying the firm faces a "deep crisis" and triggering a halt to trade in shares of the world's largest aluminium maker...
12 Mar 2012
Carl Icahn's reputation already precedes him when he turns up to agitate. Now a court-appointed official has shredded a retooling at Dynegy...
12 Mar 2012
Youku.com, China's largest online video company, is to buy second-ranked Tudou Holdings Ltd in an all-stock deal valued at more than $1 billion...
12 Mar 2012
Private equity firm Blackstone has agreed to reinvest in its struggling German plastic films firm Kloeckner Pentaplast alongside senior lenders Oaktree...
12 Mar 2012
UnionBanCal Corp, a unit of Mitsubishi UFJ Financial Group, said it would buy Pacific Capital Bancorp for about $1.5 billion, signaling a possible recovery in the bank merger market...
12 Mar 2012
Japan's Asahi Kasei Corp will buy U.S. medical equipment maker Zoll Medical Corp for $2.21 billion as it looks to build a globally competitive healthcare business...
12 Mar 2012
Kenya Airways has priced its $250 million cash call at 14 shillings ($0.17) per share, a 32 percent discount to the shares' average price over the last three months, it said on Monday...
12 Mar 2012
Dutch cable company Ziggo has received orders for all the shares on offer in its listing, which could raise up to 745 million euros ($977.4 million) for its shareholders, two sources close to the deal said...
12 Mar 2012
British software firm Misys said it was continuing to pursue takeover approaches from two private equity groups after Swiss rival Temenos pulled out of merger talks, saying it could not pin Misys down to a deal.
12 Mar 2012
Global investors in search of high-dividend equity plays are heading to emerging markets, abandoning their view of these stocks as a predominantly growth-based investment...
12 Mar 2012
Fang Fang, chief executive officer for JPMorgan China, said companies were mulling an array of fund-raising plans from initial public offerings (IPO) to sales of…
9 Mar 2012
Amid chanting and shouts of protest at a raucous shareholder meeting, El Paso Corp investors approved the natural gas pipeline company's $23 billion takeover...
9 Mar 2012
Debate over how the bank played both sides of the El Paso sale to Kinder Morgan drowned out other hot topics at this week's dealmaker jamboree in New Orleans...
9 Mar 2012
HBOS, the troubled British lender taken over by Lloyds Banking Group during the 2008 financial crisis, was guilty of "very serious misconduct" in failing to control risky lending...
9 Mar 2012
Algonquin Power and Utilities Corp will buy a 480 megawatt portfolio of U.S. wind power projects from Spanish wind turbine maker Gamesa for $888 million...
9 Mar 2012
A South African court on Friday largely dismissed an appeal from government and unions to roll back approval for Wal-Mart's $2.4 billion acquisition of Massmart...
9 Mar 2012
Britain's Barclays may have to settle legal and regulatory action against it relating to a global investigation into possible manipulation of interbank lending rates...
9 Mar 2012
The parent of American Airlines on Thursday asked a federal bankruptcy judge to extend by six months the period in which it has the exclusive right to file...
9 Mar 2012
The London Stock Exchange has agreed to buy a majority stake in LCH.Clearnet, giving it an entry into the hotly contested clearing market and landing Chief Executive Xavier Rolet a much-needed trophy...
9 Mar 2012
The estimated $7.8 billion settlement reached last week between BP Plc and attorneys for victims of the Gulf of Mexico oil spill left many details unresolved, but at least one thing looks like a sure bet...
9 Mar 2012
Greece averted the immediate risk of an uncontrolled default, winning strong acceptance from its private creditors for a bond swap deal which will ease its massive public debt and clear the way for a new international bailout...
8 Mar 2012
Wynn Resorts Ltd <WYNN.O>, locked in a legal battle with one-time largest shareholder Kazuo Okada, won its first legal skirmish...
8 Mar 2012
Securities regulators charged a former Coca-Cola Enterprises <CCE.N> executive on Thursday with insider-trading, saying his illegal trades helped him reap $86,850 in illicit profits...
8 Mar 2012
Walt Disney Co, which recently voted to give the chairman's post to Chief Executive Robert Iger, said it disagreed with a longtime shareholder that the move would hurt the company...
8 Mar 2012
Glencore, days into a campaign to win approval from recalcitrant Xstrata shareholders for a $36 billion bid, is facing a stand off as naysayers dig in their heels...
8 Mar 2012
Europe's banking watchdog narrowly rejected on Thursday Austrian lenders' bid to count non-voting capital raised from private investors during the 2008/09 financial crisis...
8 Mar 2012
A group of investors is suing to block a proposed initial public offering by the owner of the 102-storey Empire State Building in at least the second lawsuit of its kind...
8 Mar 2012
BNP Paribas, France's biggest listed bank, said on Thursday it would reap a 1.5 billion euro capital gain from selling more than half its stake in real-estate firm Klepierre...
8 Mar 2012
Fender Musical Instruments Corp, whose guitars have been used by music legends Jimi Hendrix, Eric Clapton, Mark Knopfler and Pink Floyd's David Gilmour, filed with U.S. regulators...
8 Mar 2012
Jolted by a public outcry since the start of the year, Nigeria's government has announced a series of measures to address oil industry corruption in the world's eighth biggest producer. It is an issue that may come to define Goodluck Jonathan's presidency...
8 Mar 2012
The European Union's competition investigation into the codes Thomson Reuters Corp uses to identify financial securities has reached a critical stage after market testing of the company's proposed solution proved unsuccessful, Competition Commissioner Joaquin Almunia said on Thursday...
8 Mar 2012
Major banks and pension funds threw their weight behind Greece's bond swap offer to private creditors, making it increasingly likely the deal will pass and clear the way for a bailout package to avert an immediate default...
7 Mar 2012
Culligan International Co, which sells water coolers and filters and installs water softening devices in homes, has hired restructuring advisers and is considering options...
7 Mar 2012
Seat Pagine Gialle is finally dialling down its leverage. A 1.2-billion-euro debt swap will hand control of the Italian directory publisher to holders of its riskiest bonds...
7 Mar 2012
Speech-recognition software maker Nuance Communications Inc said it will acquire smaller rival Transcend Services Inc for about $300 million in cash...
7 Mar 2012
Businessman Shlomo Eliahu has struck a deal to buy control of Israel's largest insurance firm Migdal Insurance and Financial Holdings from Italian insurer Generali for 4.2 billion shekels...
7 Mar 2012
French nuclear group Areva mishandled the $2.5 billion acquisition of Canadian start-up mining company UraMin in 2007, the outcome of a parliamentary probe said...
7 Mar 2012
Commodities trader Glencore is raising a $6 billion syndicated loan to back a $37 billion bid for miner Xstrata and is also extending $11.85 billion of existing loans...
7 Mar 2012
Lehman Brothers Holdings Inc said on Tuesday that it has emerged from bankruptcy and will start paying back creditors on April 17...
7 Mar 2012
The settlement of share and bond trades in the European Union will be thrown open to competition and close scrutiny under a draft EU law published on Wednesday...
7 Mar 2012
A $1.9 billion share sale by Mazda Motor Corp was about three times oversubscribed, sources with knowledge of the matter said on Wednesday...
7 Mar 2012
HSBC has agreed to sell its general insurance businesses to French insurer AXA Group and Australia's QBE Insurance Group for $914 million (581 million pounds) in cash, as Europe's biggest bank moves ahead with its plan to divest non-core assets...
7 Mar 2012
Greece's tortuous debt restructuring and threat of retroactive laws to compel reluctant creditors heaps regulatory risk onto investors but may make voluntary sovereign debt revamps more attractive and likely for other cash-strapped euro sovereigns and their creditors...
6 Mar 2012
Japan's securities watchdog became the latest authority to file a criminal complaint against Olympus Corp <7733.T>, some former executives and outside advisers over the company's $1.7 billion accounting fraud...
6 Mar 2012
Bankruptcy can be just about as traumatic as it gets for a company, its employees, customers, and suppliers. The only thing worse - going through it again, and again...
6 Mar 2012
After the slowest year for U.S. bank mergers in three decades, investment bankers are seeing flickers of a recovery. A slight improvement in credit quality and earnings...
6 Mar 2012
Australia's Foreign Investment Review Board has approved the proposed A$554 million ($591 million) acquisition of iron ore explorer Flinders Mines by Russia's Magnitogorsk Iron and Steel Works (MMK) , Flinders said on Tuesday...
6 Mar 2012
The U.S. futures regulator so far has botched its coordination efforts with domestic and overseas regulators as it crafts dozens of rules to tighten oversight of swaps trades...
6 Mar 2012
A U.S. securities regulator said policymakers may need to overhaul the Volcker rule proposal that curbs banks' proprietary trading, saying a hasty approach could cause...
6 Mar 2012
The Volcker rule crackdown on banks' trading activities could affect the liquidity of sovereign debt markets, a top Bank of Japan official warned U.S. regulators...
6 Mar 2012
Britain's financial watchdog on Tuesday urged consumers whose banks have informed them they may have been mis-sold payment protection insurance (PPI) to pursue...
6 Mar 2012
"One share, one vote, one board" needs a radical overhaul. A clever dual-class share system based on 19th century Chinese banking would achieve...
6 Mar 2012
EU regulators were correct to approve French media group Vivendi's 2004 sale of its book publishing unit to French peer Lagardere , an advisor to Europe's top court said on Tuesday...
6 Mar 2012
French carmaker PSA Peugeot Citroen announced the terms of a 1 billion euro ($1.3 billion) share sale to fund its alliance with U.S. peer General Motors, offering a big discount to draw in funds for overseas expansion and new models...
6 Mar 2012
Japan's securities watchdog became on Tuesday the latest authority to file a criminal complaint against Olympus Corp, some former executives and outside advisers over the company's $1.7 billion accounting fraud...
6 Mar 2012
Three Chinese policy banks are preparing to issue the first offshore renminbi bonds to be listed on the London Stock Exchange and targeted specifically at a European investor base...
5 Mar 2012
Wall Street's biggest banks are locked in an increasingly frantic struggle with the Federal Reserve over the right to retain the jewels of their commodity trading empires...
5 Mar 2012
The U.S. futures regulator may agree to raise the threshold used to identify the biggest swaps market traders to $3 billion, an agency official told Reuters...
5 Mar 2012
Private equity firms CVC and ValueAct Capital Master said on Monday they were working together on a cash offer for Misys, the British banking software firm...
5 Mar 2012
Pioneer Natural Resources Inc has agreed to buy Belgium-based Carmeuse Holding's U.S.-based industrial sands business for about $297 million...
5 Mar 2012
Egypt attracted solid demand at an auction of seven-year treasury bonds on Monday amid optimism that foreign donors will help ease the country's fiscal crisis...
5 Mar 2012
El Paso Corp delayed a meeting at which shareholders are due to vote on the pipeline company's more than $23 billion acquisition by rival Kinder Morgan Inc...
5 Mar 2012
Erste Bank said on Monday it had bought back in excess of EUR495m of hybrid Tier 1 and Lower Tier 2 securities at a discount to par, allowing it to boost its capital ratio...
5 Mar 2012
Glencore's chief executive is under pressure to raise the commodity trader's all-share offer for mining group Xstrata. His words at the firm's annual results on March 5 were robust...
5 Mar 2012
Advanced Micro Devices said it was selling its equity stake in foundry partner GlobalFoundries Inc, in a deal that will no longer require the company to make its chips...
5 Mar 2012
Commodities trader Glencore brushed aside worries over recalcitrant Xstrata investors on Monday, sticking to what it says is a "fair" deal and offering little ground...
5 Mar 2012
Credit Suisse said on Monday it planned to buy back up to 4 billion Swiss francs ($4.4 billion) in outstanding securities in a bid to comply with the new Swiss and Basel III global capital adequacy rules...
5 Mar 2012
American International Group (AIG) is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bail-out...
5 Mar 2012
Jaguar Land Rover and Chery Automobile Co are seeking regulatory approval for a 17.5 billion yuan (1.75 billion pounds) car venture in eastern China, two people with direct knowledge of the deal told Reuters on Monday...
5 Mar 2012
The European Union's plan to charge airlines for their greenhouse gas emissions would rise dramatically to cost Chinese airlines 18 billion yuan ($2.8 billion) a year by 2030, China's civil aviation head said on Monday...
4 Mar 2012
U.S. bank Wells Fargo has drawn up plans to build up its overseas operations and wants to expand into 20 markets worldwide, the Financial Times reported on Monday...
2 Mar 2012
Italian clothing company Benetton Group SpA said on Friday it received the go-ahead from Italy's market regulator Consob for the Benetton family...
2 Mar 2012
U.S. District Judge James Graham said bondholders who held nearly $2 billion of National Century "have submitted sufficient evidence in support of their fraud-based claims...
2 Mar 2012
JPMorgan Chase & Co. is looking to sell its metal concentrates business due to U.S. regulatory restrictions following its acquisition of RBS Sempra Commodities...
2 Mar 2012
Britain's Barclays tapped Europe's central bank for 8.2 billion euros (6.8 billion pounds) of cheap funding this week, marking a U-turn for the bank...
2 Mar 2012
Anheuser-Busch InBev NV <ABI.BR> and two Chinese brewers are on the shorlist to buy most of the brewery assets being sold by China's Kingway Brewery Holdings Ltd <0124.HK>, sources with knowledge of the matter told Reuters...
2 Mar 2012
The Japanese government is set to take a majority stake in Tokyo Electric in return for injecting about 1 trillion yen ($12.4 billion) in public funds...
2 Mar 2012
Eastman Kodak Co, which filed for bankruptcy in January, said it has agreed to sell its on-line photo services business to "stalking horse" bidder Shutterfly Inc...
2 Mar 2012
Dutch bank and insurer ING on Friday won a court challenge against an EU decision on its 10 billion euro bailout, which could allow it to reduce the scope of its restructuring and asset sales...
2 Mar 2012
Gas explorer Cove Energy said it was seeking clarity from Mozambique on possible tax charges after the country's minerals minister said that the government wanted...
2 Mar 2012
Japanese buyers of Iran crude may ask Tehran to include a force majeure clause in contracts if they are unable to pay Iran or lift Iranian oil due to lack of insurance cover for tankers under European Union sanctions , industry sources said on Friday...
1 Mar 2012
HSBC's alternative asset management arm is scouring the market for promising new hedge fund managers, whose ranks are swelling ahead of the imposition of the Volcker rule....
1 Mar 2012
Chancellor Leo Strine of Delaware Chancery Court is thoroughly sick of what he perceives as Goldman Sachs' disregard for the M&A rules everyone else plays by...
1 Mar 2012
Shareholders of Chilean diversified retailer Cencosud on Thursday approved the issue of shares in the United States via American Depositary Receipts...
1 Mar 2012
They may have had Bob Geldof as headline speaker, but as private equity executives headed home after their annual industry gathering in Berlin, many acknowledged...
1 Mar 2012
Insurer and asset manager Principal Financial Group said it will buy a 60 percent indirect ownership in a Brazilian mutual fund and asset management company...
1 Mar 2012
Goldman Sachs Inc said it will buy Ariel Re's Bermuda-based insurance and reinsurance operations, which will be combined with its existing reinsurance group...
1 Mar 2012
CVR Energy urged stockholders to reject billionaire investor Carl Icahn's $30-a-share tender offer saying the hostile bid undervalued the company...
1 Mar 2012
Norwegian-born shipping magnate John Fredriksen sold nearly a fifth of his stake in drilling firm Seadrill Ltd for about $1 billion, giving him the cash to "aggressively" invest in commodity shipping, the firm said on Thursday...
1 Mar 2012
UK investment firm Sustainable Development Capital LLP plans to raise more than $500 million in financing over the next two to three years for specialist funds and companies involved in environmental projects in Asia, its chief executive said.