NEWS
July 2012
31 Jul 2012
The takeover of Canadian stock market operator TMX Group by a group of financial institutions has been approved by TMX's shareholders, bringing all of Canada's main securities exchanges under a single umbrella...
31 Jul 2012
U.S. authorities settled a massive fraud complaint against PokerStars, the world's most popular online poker company, and allowed it to take control of a rival brand, setting the stage for the company to re-enter the burgeoning U.S. market...
31 Jul 2012
English soccer club Manchester United's planned Wall Street share offering was cited by architects of the Sarbanes-Oxley corporate accountability law as they criticized recent U.S. legislation that watered down their decade-old reforms...
31 Jul 2012
The U.S. Securities and Exchange Commission said on Tuesday it wants to extend its regulatory reach into the $3.7 trillion municipal bond market, where states and cities that sell debt have...
31 Jul 2012
Google Inc said on Tuesday it acquired marketing start-up Wildfire to help the world's largest Internet search company expand further into social media...
31 Jul 2012
Quebec home-improvement chain Rona missed the domestic housing boom. The board can't be blamed for putting the screws on its U.S. rival for a higher bid. But protectionist cries...
31 Jul 2012
Lowe's Cos Inc, the world's No. 2 home improvement chain, has offered to buy Rona Inc for C$1.8 billion ($1.8 billion), but the struggling Canadian retailer said its own turnaround plan offered...
31 Jul 2012
Clearing houses must plan for an orderly rescue and even their own demise to prevent their growing importance in the financial system from becoming a source of market disruption when...
31 Jul 2012
Biremis Corp, a brokerage that handled U.S. trading for a now-defunct day trading company accused of market abuses overseas, and its head were expelled from the U.S. securities industry...
31 Jul 2012
Japan's securities investigators on Tuesday urged a relatively light penalty on Nomura Securities and closed out a three-month investigation of the brokerage's role in leaks of company share...
31 Jul 2012
A U.S. probe into the accounts of one of China's largest private education providers is a fresh challenge to its auditor Deloitte Touche Tohmatsu, which has run into more problems with...
31 Jul 2012
Global buyout fund Warburg Pincus entered into its second China deal in a month after investing $55 million in a Chinese maternity, infant and kidswear retailer, in a sign of rising private equity...
31 Jul 2012
Controlling shareholders in Dutch cable operator Ziggo on Tuesday said they raised 682 million euros ($835 million) through an enlarged placement of 29 million shares in the newly-listed company...
31 Jul 2012
Croatia's finance ministry published a 'name and shame' list of the country's biggest private and corporate tax debtors on Tuesday as part of its drive to improve fiscal discipline before it joins the European Union next year...
30 Jul 2012
English soccer team Manchester United set the terms for its U.S. initial public offering on Monday saying it will offer 16.67 million shares at between $16 and $20 each, which values the club at $3.3 billion at the top of the range...
30 Jul 2012
The threat that HSBC faces a big U.S. fine for lax controls in its anti-money laundering systems and the risk it will be pulled deeper into an interest rate manipulation probe are set to overshadow...
30 Jul 2012
A hedge fund manager known for his bullish bets on Chinese companies and two of his firms agreed to pay $1.1 million to settle charges by U.S. securities regulators that he traded on inside information...
30 Jul 2012
ConAgra Foods Inc struck a deal to buy Unilever Plc's North American frozen meal business for $265 million, adding the premium Bertolli and P.F. Chang's brands to its frozen foods portfolio...
30 Jul 2012
Anglo-Dutch consumer goods giant Unilever on Monday became the latest holder of low-coupon records for three-year and five-year notes, knocking IBM Inc and Bristol-Myers Corp...
30 Jul 2012
Several banks under investigation for suspected rigging of euro interest rates are cooperating with EU antitrust regulators in the hope of lower fines, two people familiar with the matter...
30 Jul 2012
Although the derivatives industry may lobby to relax provisions for U.S. banks doing business abroad, American watchdogs don't seem receptive...
30 Jul 2012
Revelations of lax anti-money laundering controls at HSBC are "shameful and embarrassing" for Europe's biggest bank, its boss said on Monday, and it may have to pay out well over $2 billion for...
30 Jul 2012
Large clearinghouses and other utilities that serve as plumbing for the U.S. financial system will face new risk management standards under a rule finalized by the U.S. Federal Reserve on Monday...
30 Jul 2012
Diversified U.S. manufacturer Roper Industries Inc said it will buy privately held Sunquest Information Systems Inc, a provider of diagnostic and laboratory software services, for about $1.4 billion...
30 Jul 2012
Chicago Bridge & Iron Co said on Monday that it would buy Shaw Group Inc for about $3 billion in cash and stock to create a big engineering and construction company focused on the...
30 Jul 2012
Britain is seeking urgent reform of the key interest rate rigged by a number of banks, including Barclays, in a transatlantic scandal that is threatening to seriously damage London's...
30 Jul 2012
Software maker Oracle Corp said it would buy privately held Xsigo Systems, a network virtualization software maker...
30 Jul 2012
The expiration of special U.S. deposit insurance at the end of the year has spurred banks to lobby Congress to extend the program out of fear that companies will withdraw billions of dollars...
30 Jul 2012
Several banks under investigation for suspected rigging of euro interest rates have joined Deutsche Bank in giving information to EU antitrust regulators in the hope of lower fines if they...
30 Jul 2012
Swiss private bank Sarasin plans to shut out clients who don't pay taxes on assets held in Swiss accounts as it seeks to eliminate the risks that could be triggered by holding money that...
30 Jul 2012
China's CNOOC Ltd, the world's biggest energy explorer by market value, is seeking separate financing from domestic and foreign banks to back its US$15.1bn bid for Canada's Nexen Inc...
30 Jul 2012
Banks are trying to beef up European syndicated loan contracts to boost their protection against liquidity and redenomination risks involved in lending linked to Southern Europe. At the same...
30 Jul 2012
Private equity deals in Israel grew 49 percent to $1.75 billion in the first half of 2012, mainly due to the $1 billion buyout of software firm Paradigm Geophysical by Apax Partners and JMI Equity...
30 Jul 2012
Chinese companies call for fairer treatment from foreigners. China's critics say that these companies still don't play by the accepted global rules of capital markets. The accusation of insider...
30 Jul 2012
Shares in China Rongsheng Heavy Industries Group Holdings Ltd tumbled 18 percent on Monday after the U.S. securities regulator accused a company controlled by the shipbuilder's chairman of insider...
29 Jul 2012
The biggest management shake-up at Nomura Holdings in a decade and a half was orchestrated by the bank's chairman with the secrecy and precision of a military operation...
27 Jul 2012
Two Duke Energy board members resigned on Friday in protest against the utility company's surprise ousting of new CEO Bill Johnson early this month, just hours after it closed the purchase...
27 Jul 2012
Halliburton Co and KBR Inc are battling in court over a $256 million tax dispute, as the two companies seek to put to bed the various issues lingering from their corporate break-up five years ago...
27 Jul 2012
AuthenTec Inc, which makes fingerprint sensor chips used in personal computers, said it agreed to be bought by Apple Inc for about $356 million...
27 Jul 2012
At first blush, CNOOC Ltd's $15.1 billion bid for Nexen Inc seemed like a sign that China is ready to go on a buying spree in Canada's oil patch...
27 Jul 2012
Apple has put its finger on a security gap. The iPhone and iPad maker is paying $356 million for AuthenTec, a creator of fingerprint technology. The figure represents only a long...
27 Jul 2012
The money-laundering scandal that hit HSBC Holdings Plc in Mexico was an isolated case in Latin America's second-biggest economy, the head of the country's banks association...
27 Jul 2012
U.S. shareholder advisory firm Glass Lewis has recommended that investors reject an attempt by the founder of EasyJet to oust the chairman from the board of the budget airline...
27 Jul 2012
Tonight's opening ceremony for the Olympics will not mark the finishing line for corporate supply, bankers on Friday said, confident that seemingly unquenchable investor thirst will lure...
27 Jul 2012
Credit investors are beginning to see a buying opportunity in the offshore renminbi market, where bond yields have more to do with expectations for the currency than company fundamentals.
27 Jul 2012
U.S. law courts have approved bankrupt US aircraft maker Hawker Beechcraft's plans to create a $1.9 million employee retention plan as exclusive talks on the company's $1.79 billion sale...
27 Jul 2012
U.S. developer Hines and the private banking arm of HSBC have bought a London office block that was once central to a divorce case involving the heiress to the Frisbee toy fortune for...
27 Jul 2012
China's CNOOC Ltd, the world's biggest energy explorer by market value, may borrow several billion dollars early next year to help fund its planned $15.1 billion cash bid for Nexen Inc...
27 Jul 2012
Barclays Plc faces a new regulatory probe and more U.S. lawsuits, events that could make it harder for the British lender to repair the damage to its reputation caused by its role in the interest-rate rigging scandal rocking banks...
27 Jul 2012
Dutch brewer Heineken extended its $6 billion takeover offer to buy Asia Pacific Breweries (APB) by one week, a step that will give time to other potential bidders to make their move for control...
26 Jul 2012
Amgen Inc, the world's largest biotech company, had offered to acquire Human Genome Sciences Inc for $35 per share two years ago, but the preliminary $7 billion bid was rejected by its smaller...
26 Jul 2012
The U.S. Treasury Department on Thursday spelled out different ways for countries and foreign financial institutions to comply with new U.S. disclosure rules on offshore accounts...
26 Jul 2012
Acquisition finance, once fueled strictly by bank loans and high yield bonds, is increasingly including asset-backed debt as a funding method...
26 Jul 2012
United Technologies Corp posted second-quarter profit on Thursday that topped analysts' expectations, and closed its largest-ever acquisition, the $16.5 billion takeover of Goodrich...
26 Jul 2012
Baja Mining Corp, which is grappling with cost overruns at its flagship Boleo project in Mexico, said it secured an interim funding of $90 million, giving the project a new lifeline...
26 Jul 2012
Bristol-Myers Squibb Co is bypassing the loan market altogether and tapping the bond market directly as part of its funding strategy for the $5.3 billion acquisition of Amylin Pharmaceuticals Inc...
26 Jul 2012
Size used to matter in M&A. That's no longer the case. Dealmaking Davids are walloping the Goliaths...
26 Jul 2012
Blackstone Real Estate Partners VII, the fund that has proved one of Blackstone Group LP's <BX.N> most popular offerings with investors, has secured a rare commitment from the Chinese government...
26 Jul 2012
Lloyds Banking Group has received subpoenas from government agencies investigating interest rate rigging, dragging the biggest mortgage lender in Britain deeper into a scandal that has rocked...
26 Jul 2012
In a case that illustrates the mounting risks facing cash-strapped California cities and their lenders, the desert city of Victorville is bracing for possible litigation amid allegations that it improperly...
26 Jul 2012
The Financial Industry Regulatory Authority has reinstated three securities arbitrators that it crossed off its roster following a 2011 decision they made against Merrill Lynch...
26 Jul 2012
CVR Energy Inc, majority owned by investor Carl Icahn, said it did not receive any credible acquisition offers during its 60-day sale process despite contacting more than 30 potential bidders...
26 Jul 2012
U.S. conglomerate United Technologies Corp secured EU regulatory approval on Thursday for its $16.5 billion takeover of aircraft components maker Goodrich, on condition that its sells...
26 Jul 2012
French luxury and retail group PPR has made a multi-million euro disposal in distribution firm CFAO, the company said on Thursday, as it seeks to cut debt and fund an expansion in luxury...
26 Jul 2012
Universal Truckload Services Inc will buy privately held Linc Logistics Co for $335 million, including debt, bringing together two companies controlled by trucking magnate Manuel Moroun...
26 Jul 2012
China has increased the amount Hong Kong's central bank can invest in Chinese securities to $1 billion from $300 million, a the city's monetary authority said on Thursday...
26 Jul 2012
Hungary's government will use a break in loan talks with its international lenders to review its position on a disputed financial transaction tax and may modify the tax if necessary, the minister in charge of the talks said on Thursday...
26 Jul 2012
A global campaign to tax trillions of dollars hidden in offshore tax havens has made revolutionary progress, an official leading the drive said, rejecting suggestions that the super rich are running rings around Western authorities...
26 Jul 2012
Britain's Lloyds Banking Group has received subpoenas from government agencies investigating a global interest rate rigging scandal that has rocked the banking industry and has not set any money aside to cover a potential fine, it said on Thursday...
26 Jul 2012
The scandal surrounding the alleged rigging of the London interbank offered rate (Libor) by major global banks offers Beijing regulators a strong lesson on the risks such rate manipulation could pose...
26 Jul 2012
Piper Jaffray Co's Asia executives may buy over the loss-making unit as the mid-size U.S. investment bank exits the region after six years, according to a note seen by Reuters...
25 Jul 2012
United Technologies Corp has agreed to sell industrial businesses of its Hamilton Sundstrand subsidiary to Carlyle Group LP and BC Partners Ltd for $3.46 billion, the companies...
25 Jul 2012
Hecla Mining Co made an all-cash hostile bid to buy U.S. Silver Corp for C$110.7 million, a month after the Canadian company agreed to be bought by RX Gold & Silver Inc...
25 Jul 2012
Cheung Kong Infrastructure Holdings Ltd said on Thursday it would sell 50 million new shares, raising HK$2.31 billion ($297.75 million) for general funding purposes...
25 Jul 2012
U.S. buyout fund TPG Capital has acquired China speciality packaging company HCP Holdings Inc from members of the founding Chen family for about $500 million, a source with knowledge of the matter...
25 Jul 2012
Tevin Vongvanich only took the helm in May at Thailand's top oil and gas explorer, PTT E&P, but he is already overseeing a multibillion dollar M&A deal as part of the company's mission...
25 Jul 2012
Interactive Brokers LLC agreed to pay a $700,000 penalty to settle charges by the Commodity Futures Trading Commission that it violated reporting rules and failed to "diligently" supervise...
25 Jul 2012
A judge on Wednesday demanded more detail on a plan by Dewey & LeBoeuf to pay out as much as $450,000 in performance-based bonuses to employees helping to wind down the bankrupt...
25 Jul 2012
The Barclays non-executive director responsible for former chief executive Bob Diamond's 17 million pound ($26 million) final pay package resigned on Wednesday, becoming the fourth...
25 Jul 2012
Manchester United has pushed off launching its US$300m IPO, after having previously contemplated doing so as early as this evening or tomorrow morning. The decision followed...
25 Jul 2012
Banks will be better off financially if they clear their derivatives to curb risk, regulators said on Wednesday, but participants in the $648 trillion sector that lay at the core of the 2007-09...
25 Jul 2012
The Hong Kong stock exchange is acquiring a growing controversy along with its purchase of the London Metal Exchange (LME), which critics say lets warehouses profit by delaying...
25 Jul 2012
The likelihood of intense political and regulatory scrutiny on the new chairman and chief executive of Barclays means both must be untainted by its reputational collapse and are likely to be...
25 Jul 2012
Vodafone's ringing endorsement on pay suggests the "shareholder spring" should not cow British executives too much. After a season of big protest votes, and a few heads rolling, it is clear...
25 Jul 2012
Piper Jaffray Companies said it would exit its money-losing operations in Hong Kong, the latest in a series of steps the investment bank has taken to cut costs, sending its stock up...
25 Jul 2012
Universal Music Group has a week to come up with concessions to persuade European regulators to accept a $1.9 billion acquisition of EMI Music labels and is searching for asset sales...
25 Jul 2012
HSBC has been fined $27.5 million in Mexico for lax controls in its anti-money laundering systems, a week after being slammed for allowing clients to shift funds from dangerous and secretive...
25 Jul 2012
When Canada's Nexen Inc fired its CEO in January, an oil giant on the other side of the world sprang into action...
25 Jul 2012
Barclays said on Wednesday that City veteran Alison Carnwath, who headed the bank's remuneration committee, had resigned as a non-executive director for personal reasons...
25 Jul 2012
London Metal Exchange (LME) shareholders voted on Wednesday in favour of a $2.2 billion offer by the Hong Kong stock exchange for the 135-year-old institution, the world's largest...
25 Jul 2012
Debt-laden phone directory publisher Yell Group Plc said it was considering options that may result in a dilution of shareholders' interests, as part of a capital structure review...
25 Jul 2012
A group of companies controlled by Hong Kong billionaire Li Ka-shing has agreed to buy UK gas company Wales and West Utilities for 645 million pounds ($1 billion), the latest acquisition by the tycoon that will boost his gas portfolio in Britain...
25 Jul 2012
Fraser and Neave Ltd's (F&N) board is set to decide the fate of its crown jewel by this Friday as Dutch and Thai suitors battle to take control of the brewer of Tiger Beer...
25 Jul 2012
Islamic exchange-traded funds (ETFs) are struggling to attract fresh investors, in contrast to a move by Western investors into conventional ETFs - a difference due to the Gulf's plain-vanilla investment culture and the way in which institutions choose financial products...
24 Jul 2012
Australian gas distributor APA Group said it is raising its hostile bid for rival Hastings Diversified Utilities Fund by 21 percent to A$1.33 billion ($1.37 billion), beating a competing...
24 Jul 2012
London Metal Exchange (LME) shareholders decide on Wednesday whether to accept a $2.2 billion offer by the Hong Kong stock exchange for the 135-year-old institution, the world's largest marketplace for materials such as copper, aluminium and zinc...
24 Jul 2012
Canada will study Chinese oil company CNOOC Ltd's bid for Nexen Inc carefully and no one should make assumptions about whether the proposed takeover will be approved...
24 Jul 2012
The U.S. derivatives regulator proposed a key rule on Tuesday that would set the clock for firms to start clearing certain types of swaps, in a bid to reduce risk in the $650 trillion market...
24 Jul 2012
Biosev, the Brazilian sugar and ethanol unit of commodities powerhouse Louis Dreyfus Corp borrowed $210 million from private banks on July 13, before failing to conclude an initial public offering...
24 Jul 2012
Ignoring a key adviser's questionable behavior can be a comfortable path for supervisors at securities firms, especially in a small, chummy office. Just expect it to end badly...
24 Jul 2012
An internal probe at Deutsche Bank has found that two former traders may have been involved in colluding to manipulate global benchmark interest rates but there was no indication...
24 Jul 2012
The Depository Trust & Clearing Corporation and SWIFT won approval on Tuesday to provide an interim service that will help regulators identify and track the biggest players in the $650 trillion swaps market.
24 Jul 2012
Bankrupt aircraft maker Hawker Beechcraft Inc's plan to pay $5 million in bonuses to its top management has drawn an objection from a U.S. bankruptcy monitor, who said...
24 Jul 2012
Dishonesty uncovered in setting Libor benchmark interest rates is now in the past and replacing them would be problematic, the head of Britain's financial regulator said on Tuesday...
24 Jul 2012
With IHH and Felda, Kuala Lumpur boasts this year's two biggest deals after Facebook. And more are coming, including the world's biggest condom maker. But idiosyncrasies of the market, an export...
24 Jul 2012
Pan-Asian insurer AIA Group Ltd has secured between $6 billion and $8 billion in financing commitments from eight banks to back its planned bid for ING Group NV's Asian insurance...
24 Jul 2012
Canadian coal mine developer CIC Energy Corp has agreed to be sold to India-based Jindal Steel & Power Ltd for C$116 million ($114 million) in cash, more than a year after ending an...
24 Jul 2012
Dutch telecoms group KPN slashed its dividend by more than a half to cut debt and kicked off the sale of its Belgian mobile unit as it battles a weak economy and rising competition...
24 Jul 2012
The pace at which investors bringing U.S. securities fraud cases are actually recovering money in settlements has fallen to the lowest since laws governing class-action litigation were...
24 Jul 2012
Barclays has picked veteran lawyer Anthony Salz to lead a review of its culture and practices following an interest rate rigging scandal that has rocked the bank, forcing its chairman...
24 Jul 2012
China plans to double the amount insurers can invest in private equity and allow them to trade financial derivatives both at home and abroad as part of efforts to broaden their investment...
24 Jul 2012
South Korea's Woongjin Holdings Co has opted to team up with a local private equity fund to buy a 31 percent stake in water purifier maker Woongjin Coway Co Ltd that the parent company put up for...
23 Jul 2012
The upcoming conclave of China's Communist Party was supposed to hold back the global ambitions of state enterprises. But CNOOC's $15.1 billion bid for Canada's Nexen suggests that's not...
23 Jul 2012
Indian conglomerate Aditya Birla Group has sweetened a takeover offer for Australia's Northern Iron by about 4 percent to A$518 million ($532 million), two months after an earlier attempt...
23 Jul 2012
A number of large, well-timed bullish bets in the options of Canadian oil producer Nexen ahead of a takeover deal announced Monday has raised eyebrows among some options market...
23 Jul 2012
Talisman Energy Inc said on Monday that Sinopec Corp, China's top refiner, has agreed to buy a 49 percent stake in its North Sea operations for $1.5 billion as the Canadian company looks...
23 Jul 2012
One of Wet Seal Inc's top shareholders called for the sale of the women's apparel retailer, after it fired CEO Susan McGalla, who presided over 11 straight months of declining same-store sales...
23 Jul 2012
Genesee & Wyoming Inc said it will buy rival RailAmerica Inc for $1.39 billion in cash to create one of the biggest regional railroad operators in the United States...
23 Jul 2012
Spain and Italy reintroduced bans on short selling on Monday to discourage speculative trading after stock markets fell steeply in response to fears that Spain might need a full-blown bailout...
23 Jul 2012
CNOOC must be hoping it has struck a deal Ottawa can't argue with. Seven years after U.S. protectionists effectively scuppered its $18 billion bid for Unocal, the Chinese offshore...
23 Jul 2012
Six people were found guilty on Monday of running an insider dealing ring that netted over 700,000 pounds ($1.09 million) after the longest and most complex prosecution brought...
23 Jul 2012
The Canadian government and the country's competition watchdog will both conduct reviews of the $15.1 billion offer by Chinese state oil company CNOOC to buy Canada's Nexen Inc...
23 Jul 2012
South Korea's National Pension Service (NPS) said on Monday it rejected the tender offer made by U.S. auto parts supplier Visteon Corp to acquire its 8.1 percent stake in car air-conditioner...
23 Jul 2012
Peet's Coffee & Tea Inc said on Monday it struck a deal to be acquired by Joh. A. Benckiser for about $1 billion, a move that will give Peet's a financial jolt as it competes against larger...
23 Jul 2012
Canada's Yellow Media Inc said it plans to more than halve its C$1.8 billion debt and revamp its board as the company struggles to move its telephone directory business away from print...
23 Jul 2012
DreamWorks Animation SKG Inc agreed to buy privately held Classic Media for $155 million, adding characters such as "Casper," "Richie Rich" and "Lassie" to its franchise business...
23 Jul 2012
United Technologies Corp reached a $550 million deal to sell its Rocketdyne space unit to GenCorp Inc, a maker of aerospace propulsion systems, in a deal that will help the diversified...
23 Jul 2012
France's antitrust regulator approved Vivendi's acquisition of two television channels from industrialist Vincent Bollore with few major conditions, paving the way for Vivendi to expand...
23 Jul 2012
Britain will make a further 538 million pounds ($841 million) from the sale of failed lender Northern Rock to Richard Branson's Virgin Money, the body set up to manage the government's...
23 Jul 2012
China's top offshore oil producer CNOOC Ltd has agreed to buy Canada's Nexen Inc for about $15.1 billion in one of the most ambitious acquisitions by a Chinese company to date that...
23 Jul 2012
Long before Peregrine Financial Group's dramatic collapse last week, months before MF Global's meltdown triggered an industry-wide crisis of confidence, the world of the...
23 Jul 2012
Satellite imagery provider DigitalGlobe Inc said it will buy rival GeoEye Inc in a $453 million deal that would create the world's largest fleet of high-resolution commercial imagery satellites...
23 Jul 2012
Don't rule out a future Singapore Exchange bid for its British rival. While the Asian bourse quickly denied holding takeover talks with London Stock Exchange Group, an eventual tie-up...
20 Jul 2012
The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission have asked Japanese banks and regulators for help in checking whether the Tokyo interbank...
20 Jul 2012
EU antitrust regulators stepped up their investigation into United Parcel Service's 5.2 billion euro ($6.4 billion) bid for Dutch peer TNT Express on Friday, saying they were...
20 Jul 2012
The manipulation of Libor rates increased losses for investors saddled with toxic assets in the financial crisis, say lawyers and analysts evaluating the prospects for litigation over the scandal...
20 Jul 2012
The Dodd-Frank Act is hitting the terrible twos. That's when children often start displaying defiant behavior – and the landmark U.S. financial regulation is likely to pose similar challenges...
20 Jul 2012
CITIC Securities has agreed to pay $310.3 million for a near-20 percent stake in French bank Credit Agricole's CLSA brokerage unit, with an option to buy the rest, underscoring the...
20 Jul 2012
The Bank of England missed a chance to help reform Libor in 2008, the banking group responsible for the scandal-struck interest rate said on Friday, crossing swords with Britain's powerful...
20 Jul 2012
Manipulating market benchmarks in the European Union would be illegal under a draft law being proposed next week after Barclays' admission of rigging the London-based Libor rate...
20 Jul 2012
Goals Soccer Centres Plc accepted a 73.1 million pound ($115 million) buyout offer from one of Canada's biggest pension funds on Friday, setting the stage for a possible bidding war...
20 Jul 2012
Axa Private Equity is set to buy a majority of German clothing exporter Schustermann & Borenstein from its family owners in a deal that values the company at about 300 million...
20 Jul 2012
New Oriental Education & Technology Group Inc said members of its management would use personal funds to buy the company's American depositary shares (ADS) for up to $50 million within...
20 Jul 2012
Procter & Gamble Co said on Friday it is buying the rest of its joint venture with Spain's Agrolimen Group for $1 billion, a move that expands its presence in the European feminine care...
20 Jul 2012
Heineken NV launched a S$5.1 billion ($4.1 billion) bid to take control of Asia Pacific Breweries Ltd (APB), seeking to push out a Thai billionaire and would-be partner and setting up...
20 Jul 2012
Japan's regulatory crackdown on insider trading depressed hedge fund interest in All Nippon Airways' (ANA) $2.2 billion share offering, highlighting a new challenge for Japanese...
20 Jul 2012
Russian state oil firm Rosneft may hire the former head of mergers and acquisitions at TNK-BP, boosting its capacity to put together a possible bid for the Anglo-Russian oil firm as its feuding co-owners, and a group of Soviet-born tycoons, try to dissolve their partnership...
20 Jul 2012
Britain's Financial Services Authority (FSA), still reeling from its failure to prevent manipulation of Libor and other failures of supervision in the run up to the financial crisis, should heed calls to open an investigation into the oil market to ensure it remains free from distortion...
20 Jul 2012
New Yahoo Chief Executive Marissa Mayer's compensation package could total more than $70 million in salary, bonuses, restricted stock and stock options over five years, according to...
19 Jul 2012
A U.S.-based private equity firm has invested alongside a Russian state fund in Moscow's MICEX-RTS bourse, gaining access to the stock exchange ahead of an expected IPO, the parties...
19 Jul 2012
A group of banks being investigated in an interest-rate rigging scandal are looking to pursue a group settlement with regulators rather than face a Barclays-style backlash by going it alone...
19 Jul 2012
It's hard to imagine a worse advert for the worth of M&A valuation advice than Citigroup and Morgan Stanley's battle to put a price on their wealth management joint venture. The two...
19 Jul 2012
Duke Energy Co had "buyer's remorse" and sought to back out of the $18 billion deal to buy Progress Energy after federal regulators called for costly measures to curb the merged...
19 Jul 2012
Nexstar Broadcasting Group, Sinclair Broadcast Group Inc and Cox Media Group entered into separate deals to buy 22 television stations from privately held Newport Television for about $1 billion...
19 Jul 2012
The U.S. watchdog for company auditors said on Thursday it reached an agreement with Spain to do joint inspections of audit firms there, the latest step in gaining oversight...
19 Jul 2012
The rates-trading market stood on alert this week to see how U.S. Treasury futures launched on Monday by NYSE on the DTCC General Collateral Finance Repo Index would perform...
19 Jul 2012
Anadarko Petroleum Corp has failed to settle a $25 billion lawsuit brought by paint materials company Tronox Inc, and as a result a trial will resume next week, a lawyer for Tronox said...
19 Jul 2012
New Oriental Education & Technology Group Inc rejected on Thursday claims by short-seller Muddy Waters that the Chinese education firm's accounts were fraudulent in claiming full...
19 Jul 2012
Georgia Gulf Corp struck a deal to buy PPG Industries Inc's <PPG.N> commodity chemicals business for $2.1 billion, nearly doubling its size just months after rejecting a buyout offer...
19 Jul 2012
American Airlines' bankrupt parent AMR Corp won court approval on Thursday to extend through Dec. 28 its exclusive right to present a plan to emerge from bankruptcy...
19 Jul 2012
Bankrupt law firm Dewey & LeBoeuf's plan to pay bonuses to its remaining employees has drawn objections from a U.S. bankruptcy monitor who said the plan might not be cost effective...
19 Jul 2012
Biosev, the Brazilian unit of global commodities company Louis Dreyfus Corp, suspended on Thursday its initial public offering for an indefinite period, citing a lack of demand from investors...
19 Jul 2012
British buyout group Charterhouse is seeking debt after its all-equity buyout of German industrial safety tools producer Bartec from Swiss buyout group Capvis, banking sources said...
19 Jul 2012
For Heineken, brewing partners have not always made good company, so the arrival of a third in its booming Asian business makes for an unwelcome crowd that could elbow aside...
19 Jul 2012
Britain took steps on Thursday to reduce the power of the country's big banks to set policy for the payments system, which handles trillions of pounds and affects the daily lives...
19 Jul 2012
Penguin books owner Pearson took a big step into the fast-growing world of self-publishing on Thursday by buying Author Solutions Inc (ASI) from Bertram Capital for $116 million in cash...
19 Jul 2012
Veolia Environnement is selling its U.S. waste management arm to infrastructure fund Highstar Capital for $1.9 billion, marking another step forward in the French company's efforts to cut debt...
19 Jul 2012
Lloyds Banking Group has agreed to sell 632 branches to the Co-operative, a deal mandated by regulators in an effort to boost competition in British banking while preventing Lloyds from benefiting unfairly from its state bailout four years ago...
19 Jul 2012
Hong Kong this week saw the launch of a product that's been long awaited -- but it received a lukewarm response, due to the timing...
19 Jul 2012
Chevron Corp is buying into blocks in Iraq's Kurdistan, according to two oil executives involved in the region, as the second-largest U.S. oil company follows Exxon Mobil Corp into an area where oil rights are a subject of fierce dispute...
19 Jul 2012
Central bankers and regulators will hold talks in September on whether the troubled global Libor interest rate can be reformed or whether it is so damaged that the benchmark...
19 Jul 2012
Singapore Exchange Ltd is toughening its listing rules in the wake of a series of accounting scandals at small Chinese firms, hoping stronger corporate governance will attract more large...
19 Jul 2012
Private equity firm BC Partners and one of Canada's top pension funds are joining forces with the management of Suddenlink Communications to buy out the U.S. cable...
19 Jul 2012
New Asian hedge funds raised $2 billion in the first half of the year, an increase of 50 percent over the capital they raised in the previous six months, a survey released on Thursday by industry tracker AsiaHedge showed...
19 Jul 2012
Chinese management buyouts may fizzle on Wall Street. A regulatory probe, short-seller allegations, and a profit warning sliced 60 percent off New Oriental Education...
18 Jul 2012
China's local governments misused nearly 3 billion yuan ($471 million) of funds in 2011 earmarked for affordable housing projects, spending it instead on commercial housing and infrastructure...
18 Jul 2012
A federal judge on Wednesday rejected a bid to temporarily halt a ban on the sale of the food delicacy foie gras in California, which took effect this month, but he agreed to hear arguments at a future date...
18 Jul 2012
General Motor Co's underfunded pension plan has found a buyer for its illiquid private equity assets - the Chinese government, which is willing to pay between $1.5 billion and $2 billion...
18 Jul 2012
Large clearinghouses and other utilities that handle trillions of dollars in financial transactions face heightened scrutiny as U.S. regulators on Wednesday plan to set tough new rules...
18 Jul 2012
Shares of New Oriental Education & Technology Group Inc crashed 33 percent on Wednesday, after short seller Muddy Waters alleged that the Chinese educational services provider's accounts...
18 Jul 2012
Soccer powerhouse Manchester United is expected to launch its IPO in New York as early as next week, for pricing in early August, after earlier attempts in Hong Kong, Singapore and the UK...
18 Jul 2012
Mizuho Financial Group Inc has agreed to pay $127.5 million to settle U.S. regulatory charges that its U.S. investment banking unit misled investors in a $1.6 billion collateralized debt obligation...
18 Jul 2012
Cogeco Cable Inc, a Canadian company that serves mostly rural customers in Ontario and Quebec, said on Wednesday it will pay $1.36 billion to buy U.S. cable operator Atlantic Broadband...
18 Jul 2012
An Amish fund struck a deferred prosecution deal with U.S. securities regulators on Wednesday over an offering memo that had allegedly not been updated for 15 years...
18 Jul 2012
The U.S. Securities and Exchange Commission on Wednesday sought to delay its legal battle with a Chinese unit of accounting firm Deloitte Touche Tohmatsu over audit documents...
18 Jul 2012
Chemical and ammunition maker Olin Corp said it will buy privately held K.A. Steel Chemicals Inc for $328 million in cash to increase its sales of bleach, hydrochloric acid and potassium hydroxide...
18 Jul 2012
Credit Suisse unveiled measures to boost its capital base by 15.3 billion Swiss francs ($15.6 billion), a move that was welcomed by a previously critical central bank and left some investors sceptical...
18 Jul 2012
Russian miner Nord Gold, the country's third-largest gold producer, will bid for the 25 percent of High River Gold Mines it does not already own, in a deal valuing the Canadian-listed producer...
18 Jul 2012
China investors have a new four-letter word to decry. Really it's an acronym: VIEs, for "variable interest entities." These are the structures used by nearly half of all Chinese firms...
18 Jul 2012
The City of Compton, a city of 93,000 people located on the outskirts of Los Angeles, must decide by Sept. 1 whether to seek bankruptcy, according to its two most senior financial officials...
18 Jul 2012
Ascendas Hospitality Business Trust has dropped a South Korean asset from its portfolio, prompting the company to cut the size of its planned Singapore initial public offering (IPO), the latest blow to already fragile sentiment for new listings in Asia...
18 Jul 2012
Irish airline Aer Lingus predicted competition regulators would continue to block a takeover by Ryanair as it repeated its call for shareholders to reject the latest 694 million euro ($849 million) offer from its rival...
18 Jul 2012
HSBC Holdings has put its Vietnam insurance business on the block, sources said, in a deal that could fetch about $400 million for Europe's biggest bank as it pushes to exit non-core operations globally...
17 Jul 2012
Officials of HSBC Holdings Plc pledged to a U.S. Senate panel on Tuesday that the bank is changing the way it polices illicit funds, but senators were skeptical the bank could deliver on promises it had broken before...
17 Jul 2012
Canada's Héroux-Devtek Inc sold its aerostructure and industrial products business to Precision Castparts Corp for about $295 million as it looks to focus on its landing gear business...
17 Jul 2012
Duke Energy Corp directors who voted to abruptly oust the company's former chief executive this month should pay for the damage they caused the largest U.S. power company...
17 Jul 2012
The U.S. futures regulator acknowledged on Tuesday the regulatory system had failed to protect the customers of Peregrine Financial Group, which collapsed last week as its founder admitted...
17 Jul 2012
Italian construction group Salini won boardroom control of peer Impregilo on Tuesday, sidelining long-standing rival investor Gavio and advancing its ambitions to merge with the domestic...
17 Jul 2012
Global private equity funds, including Blackstone Group L.P. and KKR, have held early talks with Chinese authorities on a new wave of renminbi funds which could dramatically improve their chances...
17 Jul 2012
British buyout group Charterhouse has agreed to buy German industrial safety tools producer Bartec from private equity investor Capvis, the companies said on Tuesday...
17 Jul 2012
In a matter of days, the two-month-old criminal investigation into a $5.8 billion trading loss at JPMorgan Chase & Co. -- known as the "London Whale" blunder -- was transformed...
17 Jul 2012
State Street Corp said it will buy Goldman Sachs Group Inc's hedge fund administrator for $550 million in cash...
17 Jul 2012
Chesapeake Energy Corp often boasts that it's one of America's best workplaces, offering its 13,500 employees such benefits as Botox injections, NBA tickets and a fitness center with an...
17 Jul 2012
China State Construction International Holdings Ltd plans to raise about $201 million in a Hong Kong share offering, looking to benefit from a rally that has pushed the stock up by more than 50 percent...
17 Jul 2012
Investors in Impregilo meet on Tuesday to vote on whether the builder needs a board overhaul, possibly tipping the balance in a bitter fight to control the group between two...
17 Jul 2012
Google has offered an improved package of concessions to EU regulators in a bid to settle an antitrust investigation and avert a possible hefty fine, the Financial Times reported on Tuesday...
17 Jul 2012
Carrefour's Turkish partner Sabanci Holding will name four new directors to their CarrefourSA joint venture following the resignation of its current board representatives, the French retailer said on Tuesday...
17 Jul 2012
UBS has extended for up to two years a unique deal to protect its top Australian bankers' bonus pool to keep head-hunters at bay and remain the dominant force in the local investment...
16 Jul 2012
The National Futures Association said it will conduct a review of its audit division as it seeks to answer fierce criticism that it missed two decades of fraud at failed Iowa brokerage...
16 Jul 2012
The machinists' union said on Monday it filed papers in U.S. Bankruptcy Court challenging efforts by bankrupt jet maker Hawker Beechcraft to sell itself to a Chinese company, alleging...
16 Jul 2012
Bank of England governor Mervyn King is expected to be quizzed by lawmakers over his role in the resignation of Barclays chief executive Bob Diamond in an interest rate scandal that is rocking London's reputation as a banking centre...
16 Jul 2012
Australian media group Seven West Media said on Monday it plans to tap shareholders to raise A$440 million in new shares to cut its heavy debt load...
16 Jul 2012
Libor jailbirds would be little more than hollow symbols. Rate-rigging sentences might assuage public lust for Wall Street scalps. But U.S. prosecutors have missed big on financial-crisis villains...
16 Jul 2012
Comcast Corp, the parent company of NBC, has bought out Microsoft Corp's 50 percent stake in MSNBC.com for a reported $300 million to assume full control of the news website...
16 Jul 2012
GlaxoSmithKline is to acquire its long-time partner Human Genome Sciences for about $3 billion, ending a three-month hostile pursuit of the U.S. biotech company...
16 Jul 2012
Private equity firm TPG said on Monday it would acquire U.S.-based Par Pharmaceutical Cos Inc for $1.9 billion, the latest acquisition in the generic drug industry...
16 Jul 2012
Shell said on Monday it would not raise its offer for Cove Energy, leaving the way clear for Thai oil firm PTT Exploration & Production to win the bid battle for the gas explorer...
16 Jul 2012
Laboratory equipment maker Thermo Fisher Scientific Inc will buy privately held transplant diagnostics firm One Lambda for $925 million in cash to expand its...
16 Jul 2012
U.S. speciality chemicals maker Cytec Industries won EU approval on Monday for its $439 million purchase of British-based materials manufacturer Umeco...
16 Jul 2012
The undersea cable unit of India's Reliance Communications has extended the bookbuilding period for its up to $1 billion Singapore business trust IPO, in a deal that has seen a mixed reception...
16 Jul 2012
Thai oil firm PTT Exploration & Production has again extended its offer for gas explorer Cove Energy Plc, putting the ball back in the court of rival suitor Shell which must decide imminently whether to up its bid...
16 Jul 2012
A year ago Rupert Murdoch was probably the most powerful unelected person operating in Britain. The media baron could seemingly choose prime ministers. Then came the phone hacking and police bribery scandal, after which politicians sought to distance themselves from him...
16 Jul 2012
Britain's top bank regulator and a former executive in the middle of an interest rate scandal at Barclays face a grilling by British lawmakers on Monday over what they knew about an affair that has drawn in banks, regulators and politicians on both sides of the Atlantic...
16 Jul 2012
New York Attorney General Eric Schneiderman has launched a probe into possible manipulation of the Libor benchmark international lending rates by global banks, his spokesman said on Sunday...
16 Jul 2012
Current and former bank regulators are likely to face tough questions by a U.S. Senate panel Tuesday about their agency's oversight of HSBC Holdings Plc's efforts to stop...
15 Jul 2012
WASHINGTON, July 15 (Reuters) - New York Attorney General Eric Schneiderman has launched a probe into possible manipulation of the Libor benchmark international lending rates by global banks, his spokesman said on Sunday.
15 Jul 2012
A consortium led by Australian coal magnate Nathan Tinkler has offered $5.3 billion to take Whitehaven Coal private in a bold play on sector that has seen prices slump and the demand...
15 Jul 2012
A wide range of suitors, from the son of Asia's richest man and a former rugby player in New Zealand to more established players including AIA Group and Manulife Financial Corp, are expected to...
15 Jul 2012
Glencore International Plc, one of the world's largest commodities suppliers, has won a Canadian regulator's approval for its roughly C$6.1 billion takeover…
13 Jul 2012
U.S. futures regulators approved new regulations on Friday to shore up protection of brokerage customer funds following last year's collapse of MF Global...
13 Jul 2012
A new futures contract could challenge the London interbank offered rate (Libor)'s standing as the global interest rate benchmark, as a widening probe into…
13 Jul 2012
U.S. federal investigators are looking at whether JPMorgan Chase & Co traders hid trading losses that have since grown to $5.8 billion…
13 Jul 2012
Spanish builder ACS won temporary breathing room for its debt-backed stake in power firm Iberdrola with a 1.6 billion euro loan refinancing agreement…
13 Jul 2012
Tribune Co has won court approval to emerge from bankruptcy, more than 3-1/2 years after seeking Chapter 11 protection following a leveraged buyout…
13 Jul 2012
The Canadian financial regulatory body IIROC is reviewing the way the Canadian equivalent of the Libor benchmark lending rate is set in light of revelations of a global rigging scheme...
13 Jul 2012
Insurer Presidential Life Corp said it agreed to be bought by a unit of Apollo-backed Athene Holding Ltd for about $415 million in cash…
13 Jul 2012
JPMorgan Chase & Co is paying no severance to the managers in its London office responsible for its nearly $6 billion trading loss for the first half and is taking back bonuses...
13 Jul 2012
A consortium led by Australian coal magnate Nathan Tinkler has offered $5.3 billion to take Whitehaven Coal private in a bold play on sector that…
13 Jul 2012
Italy sold the top planned amount in bonds at an auction on Friday, overcoming a market test after Moody's overnight cut its rating on the euro zone's third-largest economy...
13 Jul 2012
Blackstone Group's credit unit has agreed to buy a portfolio of land from Hovnanian Enterprises Inc in a $125 million deal, enabling the troubled homebuilder…
13 Jul 2012
The five month takeover battle between oil major Shell and Thai firm PTT Exploration & Production for explorer Cove Energy could be thrashed out in an auction process, under a ruling by Britain's Takeover Panel...
13 Jul 2012
U.S. Treasury Secretary Timothy Geithner pressed the Bank of England in June 2008 to make changes in the way that Libor, a key interest rate benchmark, was set, according to documents obtained by Reuters...
13 Jul 2012
Coal magnate Nathan Tinkler's bid to take Australia's Whitehaven Coal private is struggling as potential partners for the estimated $5 billion plan fret about the outlook for coal prices...
12 Jul 2012
Titan Petrochemicals Group Ltd, founded by mainland Chinese businessman Tsuo Tin Chun, is in "active discussions" to sell a controlling stake after shareholder Warburg Pincus filed a lawsuit...
12 Jul 2012
Former top executives of a failed U.S. bank in Norfolk, Virginia, have been indicted by a federal grand jury on bank fraud and other charges for hiding loan losses in a scheme that allegedly led to the bank's demise, officials said Thursday...
12 Jul 2012
Battery maker Valence Technology Inc said it filed for voluntary Chapter 11 bankruptcy to boost liquidity and focus on its core lithium phosphate business...
12 Jul 2012
U.S. agribusiness giant Cargill Inc said on Thursday it bought a former AFA Foods Inc ground beef processing plant in Fort Worth, Texas, for $14.1 million…
12 Jul 2012
Companies often incorporate in the Cayman Islands for tax reasons. But in the case of Manchester United, the English soccer team seeking an initial public offering…
12 Jul 2012
Three big investors have increased their stakes in embattled U.S. truck and engine maker Navistar International Corp, which last month surprised Wall Street…
12 Jul 2012
The loud legal barking over the Libor deception portends a costly bite. It's unclear who got hurt in the rate-rigging mess, but the growing chatter about…
12 Jul 2012
Topshop, part of the Arcadia retail conglomerate owned by British billionaire Philip Green, has set up a joint venture with Nordstrom…
12 Jul 2012
Olive Garden owner Darden Restaurants Inc on Thursday said it agreed to buy bar and grill restaurant operator Yard House USA Inc…
12 Jul 2012
Italian fashion house Valentino has been snapped up by the Qatari royal family for 700 million euros, the latest purchase of a top European luxury brand...
12 Jul 2012
The U.S. futures regulator is poised to approve a rule aimed at holding futures executives accountable for customer funds, days after a $220 million shortfall at PFGBest sent...
12 Jul 2012
Delek Logistics Partners LP filed with U.S. regulators on Thursday to raise up to $135 million in an initial public offering of its common units...
12 Jul 2012
IHH Healthcare Bhd Asia's largest hospital operator, priced its $2.1 billion initial public offering near the top of an indicative range as strong investor interest in the third biggest IPO of 2012...
12 Jul 2012
The European Commission will consult customers and competitors of Thomson Reuters on the company's revised plan to address competition concerns over the use of codes to identify financial data on its systems, the Commission said on Thursday...
12 Jul 2012
A Milan court has rejected a request by builder Salini to block certain investors from voting at a shareholder meeting of construction group Impregilo on Thursday set to decide on a possible management overhaul, a judicial source said...
12 Jul 2012
Dubai real estate developer Emaar Properties launched a $500 million seven-year sukuk at a profit rate of 6.4 percent on Thursday, arranging banks said...
12 Jul 2012
Japanese ad giant Dentsu is buying marketing group Aegis for 3.2 billion pounds ($5 billion), the biggest deal in its history as it seeks to expand outside its home market with the British firm's European and digital business...
12 Jul 2012
Australia's Telstra will sell its struggling New Zealand operations to British mobile operator Vodafone in a NZ$840 million ($670 million) deal, threatening Telecom New Zealand's dominance...
12 Jul 2012
Europe's banking authorities are throwing a wide net as they work on checks to see whether banks have been manipulating Euribor…
11 Jul 2012
U.S. futures industry investigators are looking into why Iowa-based collapsed brokerage PFGBest used a tiny accounting firm that appears to be operating from inside a suburban...
11 Jul 2012
Global private equity fund Blackstone Group LP is backing Mark Wilson, the former chief of AIA Group Ltd, in the bidding for ING Groep NV's Asia insurance unit, a source directly familiar with the matter...
11 Jul 2012
The Federal Reserve Bank of New York will release on Friday documents showing it took "prompt action" four years ago to highlight problems with the benchmark interest rate known as Libor and to press for reform, an official at the regional U.S. central bank said on Wednesday...
11 Jul 2012
The C$3.8 billion ($3.72 billion) acquisition of Canada's TMX Group cleared its final regulatory hurdles on Wednesday, allowing a financial consortium to take control of all of the country's...
11 Jul 2012
China's banks are playing a game of cat-and-mouse with the Beijing authorities, window-dressing deposit numbers at the end of each quarter to meet regulatory requirements on how...
11 Jul 2012
A U.S. hedge fund has escalated its battle with Telus Corp by asking a court to force the Canadian telecom to reveal how much support shareholders had given the company's failed...
11 Jul 2012
Little more than a dozen years after the region's crippling financial crisis, Southeast Asia is looking more a safe haven than a risky bet, with foreign investors souring on China...
11 Jul 2012
A federal judge refused to dismiss a lawsuit accusing Bank of America Corp of misleading shareholders about its exposure to risky mortgage securities and its dependence on an electronic...
11 Jul 2012
A divided Securities and Exchange Commission on Wednesday adopted a rule designed to bolster its surveillance of the equities markets by establishing a central database that stores...
11 Jul 2012
The European Banking Authority said there remained significant challenges ahead for Europe's banks having just cleared the first hurdle to bolster their capital buffers...
11 Jul 2012
Italian carmaker Fiat's Fiat Finance unit was forced to cut the size of a bond it sold on Wednesday to 600 million euros from an intended benchmark of 750 million after demand on...
11 Jul 2012
More than a dozen current and former employees of several large banks under investigation for allegedly trying to manipulate benchmark interest rates...
11 Jul 2012
Europe's bank recapitalisation strategy has reached its limits. The continent's lenders have added 94 billion euros to their capital buffers since the end of September, comfortably exceeding...
11 Jul 2012
Arms makers are sizing up niche acquisitions in cyber security and commercial aerospace in the hunt for growth as uncertainty over military spending in the West has put larger-scale...
11 Jul 2012
A new securities industry rule that strengthens protections for investors could have a serious downside for the brokerages that advise them: fewer defenses in an arbitration...
11 Jul 2012
Investors are criss-crossing the increasingly smudged line between emerging and developed markets as the euro zone crisis challenges traditional perceptions of a safe investment...
11 Jul 2012
Shareholder voting service Moxy Vote said it will shut down on July 31, ending a pioneering effort to give ordinary investors more say in how companies are run...
11 Jul 2012
South Africa's Mondi Group said it will buy German packaging firm Nordenia International from Oaktree Capital, in a $782 million deal that will give the paper maker a bigger presence...
11 Jul 2012
Xstrata said shareholders will vote on Sept. 7 on the miner's planned $26 billion takeover by Glencore, effectively giving the commodities trader and rival investor Qatar Holding...
11 Jul 2012
Hong Kong's financial watchdogs said on Wednesday that they planned to offer more flexibility in their proposed new rules for over-the-counter derivative trading...
11 Jul 2012
Qatar launched a $4-billion, dual-tranche sukuk on Wednesday, its first Islamic bond issue in nearly a decade and the largest sukuk deal from the Gulf this year...
11 Jul 2012
China's central bank has detailed rules on yuan foreign direct investment (FDI), setting restrictions on different yuan FDI accounts to invest in securities, derivatives or property, the Shanghai...
10 Jul 2012
Australia's corporate regulator is considering changing takeover laws to prevent investors from building significant stakes in a company without making a full offer...
10 Jul 2012
The U.S. futures industry reeled on Tuesday as Iowa-based broker PFGBest collapsed after regulators accused it of misappropriating customer funds for more than two years...
10 Jul 2012
Top Barclays shareholders are calling for the appointment of an external chairman to repair the bank's reputation after an interest rate-fixing scandal led authorities to impose a fine of more than $450 million, the Financial Times reported...
10 Jul 2012
A $200 million shortfall in client funds at U.S. brokerage PFGBest has turned the heat up again on the U.S. futures regulator, less than nine months after MF Global's spectacular failure...
10 Jul 2012
Sino-Forest Corp said on Tuesday it terminated a proposed asset sale, in favor of a plan that will result in the company's creditors acquiring all of its forestry assets...
10 Jul 2012
Duke Energy Corp directors grew increasingly worried about Progress Energy Chief Executive Bill Johnson's "autocratic" management style and lacked confidence he could lead the largest...
10 Jul 2012
A federal judge on Tuesday denied a request by a former Citigroup Inc director to dismiss regulatory fraud charges over his alleged role in putting together and marketing a risky...
10 Jul 2012
The New York Times had a great front-page story on Sunday about corporations contributing to politically active non-profits in order to shield their campaign contributions from...
10 Jul 2012
The U.S. swaps regulator approved on Tuesday a key definition that will start the clock ticking on a host of reforms for the murky $650 trillion over-the-counter global swaps market...
10 Jul 2012
Permira has pulled the plug on its plans to refinance the debt of its Birds Eye food group Iglo which would have seen the buyout house take a hefty dividend, the private equity firm...
10 Jul 2012
The U.S. swaps regulator geared up on Tuesday to finalize a key definition that will start the clock ticking on a host of reforms for the murky $650 trillion over-the-counter global swaps market...
10 Jul 2012
British bus and rail operator Stagecoach scrapped plans to buy a small, local bus business from rival operator FirstGroup after the OFT, the UK consumer protection watchdog, referred...
10 Jul 2012
Stock exchanges will not have to report trades in real-time under a rule set to be finalized by the U.S. Securities and Exchange Commission that would create a trail of market activity...
10 Jul 2012
The Federal Reserve Bank of New York may have known as early as August 2007 that the setting of global benchmark interest rates was flawed. Following an inquiry with British banking...
10 Jul 2012
German industrial gases producer Linde raised 1.4 billion euros ($1.7 billion) from a capital increase to help fund its $4.6 billion purchase of U.S. group Lincare...
10 Jul 2012
Regulators chase financial fraud like anti-doping inspectors pursue Tour de France riders: they play catch-up. Innovation - in the form of new products or new drugs - is always...
10 Jul 2012
Limitless, the indebted property arm of Dubai World, is close to sealing a $1.2 billion debt deal, potentially ending talks that have lasted more than two years, sources close to...
10 Jul 2012
With the ghosts of blocked Chinese bidders past Huawei and CNOOC in mind, Superior is making sacrifices to placate Washington's foreign investment regulator, CFIUS, and local politicians...
10 Jul 2012
A group of Elpida Memory Inc bondholders will vote against Micron Technology Inc's plan to acquire the bankrupt Japanese chipmaker for about $750 million, arguing that it undervalues..
9 Jul 2012
A U.S. judge bolstered protection for corporate whistleblowers on Monday by ruling the Dodd-Frank law gave retroactive protection to employees of subsidiaries, not just people who work directly for the parent companies...
9 Jul 2012
Apollo Global Management LLC said on Monday it appointed Martin Kelly, a top financial controller at Barclays Plc, the British bank tainted with an interest rate rigging scandal, as its next chief financial officer...
9 Jul 2012
Bankrupt aircraft maker Hawker Beechcraft Inc said it was in exclusive talks with a Chinese aerospace firm over a sale of the company for $1.79 billion...
9 Jul 2012
Charting a new course after a boardroom coup, Canadian biotech company QLT Inc outlined plans on Monday to cut 68 percent of its workforce and find a new chief executive...
9 Jul 2012
Private equity firms Clessidra Capital Partners and Avista Capital Partners have reached an agreement to buy 50 percent of family-owned Italian pharmaceutical group Rottapharm-Madaus...
9 Jul 2012
Microsoft Corp will buy Perceptive Pixel Inc, a six-year-old developer of large touchscreen displays whose customers include cable network CNN, chief executive Steve Ballmer said...
9 Jul 2012
Campbell Soup Co plans to buy Bolthouse Farms for $1.55 billion in cash, adding refrigerated juices and baby carrots to its portfolio of canned soups and V8 vegetable drinks...
9 Jul 2012
Expanding health coverage to more than 30 million Americans remains politically contentious. But the increased number of covered patients is a lucrative opportunity for insurers that...
9 Jul 2012
Health insurer WellPoint Inc will buy rival Amerigroup Corp for $4.46 billion, nearly doubling its Medicaid business in a major bet on the expansion of the U.S. government's...
9 Jul 2012
U.S. securities regulators on Monday finalized rules that define what kinds of derivatives products will be regulated under the new regime created by the 2010 Dodd-Frank Wall Street reform law...
9 Jul 2012
Thomson Reuters Corp plans to buy electronic foreign exchange platform FX Alliance Inc for about $625 million in cash, the news and information group said on Monday...
9 Jul 2012
London-based private equity fund Permira is in exclusive talks with the Qatari royal family over the sale of Italian fashion house Valentino and a decision is expected by the end of the month...
9 Jul 2012
Universal Business Payment Solutions Acquisition Corp, a blank check company, said it has agreed to buy three payment companies for $179 million, making its foray into providing transaction...
9 Jul 2012
Glencore and rival shareholder Qatar could be granted weeks more to hammer out a deal over the terms of the commodity trader's planned takeover of miner Xstrata, easing speculation...
9 Jul 2012
Hi-Crush Partners LP filed with U.S. regulators on Monday to raise up to $200 million in an initial public offering of its common units...
9 Jul 2012
French spirits group Remy Cointreau is in exclusive talks to buy Scottish whisky maker Bruichladdich Distillery as it looks to tap booming demand for premium whisky from emerging markets in Asia...
9 Jul 2012
Britain's Serious Fraud Office (SFO) has reopened its investigation into collapsed hedge fund Weavering Capital, just weeks after damages of $450 million were awarded...
9 Jul 2012
Indonesian property firm PT Lippo Karawaci may sell as much as 49 percent of unit Siloam Hospitals, drawing a slew of private equity firms to the sale as they bet on rapid growth in...
9 Jul 2012
The U.S. swaps regulator is set to finalize this week a critical reform that will trigger banks and traders having to comply with costly new derivatives rules...
9 Jul 2012
Four potential buyers, including Prudential Plc and Manulife, have made it through to a second stage of bidding for U.K. insurer Aviva's insurance business in Malaysia in a deal worth about $500 million...
8 Jul 2012
China Railway Materials Commercial Corp plans to raise up to 6 billion yuan ($943 million) through the Shanghai leg of its proposed Shanghai-Hong Kong dual-listing, down 60 percent from its initial target...
8 Jul 2012
Jordan Dubai Capital said that Hong Kong-based HPF private investment fund had wholly acquired its shares in a deal worth $130 million...
6 Jul 2012
Monte dei Paschi di Siena will make a capital gain of 227 million euros ($279 million) after holders of subordinated debt worth around 1 billion euros took up a swap offer on Friday...
6 Jul 2012
Leadership is supposed to have its privileges. So naming the chief executive was a prize electric firm Progress Energy demanded when selling itself to larger rival Duke Energy. In return...
6 Jul 2012
Italian insurer Unipol suffered a further setback in its efforts to take over troubled peer Fondiaria-SAI, when market watchdog Consob refused to approve rights issues due to be launched...
6 Jul 2012
A fresh sense of dealmaking excitement should permeate Idaho's mountain air next week when media and technology moguls descend on remote Sun Valley for their annual conference, which in recent years has been as sleepy as the town for which it is named.
6 Jul 2012
German markets regulator BaFin is conducting a special probe of Deutsche Bank as part of a wider investigation into possible manipulation of the London Inter Bank Offered Rate (Libor)...
6 Jul 2012
A123 Systems Inc said on Friday it will raise about $39 million in two moves meant to give the lithium-ion battery maker more breathing room as it burns through cash...
6 Jul 2012
BNY Mellon Corp said it settled a lawsuit by investors that accused the bank of imprudently investing their cash in a risky debt vehicle that collapsed in 2008, and the bank recorded...
6 Jul 2012
A scandal over the rigging of the Libor interest rate that underpins financial contracts worth hundreds of trillions of dollars is likely to force regulators to reform the way it is set...
6 Jul 2012
Power producer Dynegy Inc, the parent company of Dynegy Holdings, filed for bankruptcy protection on Friday morning as part of its settlement agreement with creditors and said it will...
6 Jul 2012
China is not changing a rule that requires banks to lend no more than 75 percent of deposits, two sources told Reuters, dismissing local media reports that Beijing is scrapping...
6 Jul 2012
Buyout firm KKR is set to buy German cutlery and coffee machines maker WMF AG for at least 587 million euros ($727 million), seeking to expand the business in Asia and the United States...
5 Jul 2012
Chinese coal miner Inner Mongolia Yitai Coal Co Ltd has priced its Hong Kong share offer at the bottom of an indicative range, putting it on course to raise about HK$7 billion ($903 million), IFR reported...
5 Jul 2012
Macau casino Melco Crown and Philippine leisure firm Belle Corp signed a conditional deal to develop a $1 billion casino-hotel that will see some of Asia's biggest tycoons team up in Manila, touted as a promising new gambling market...
5 Jul 2012
For Fu Chengyu, the acquisitive chairman of Sinopec Corp, a battle of wits looms on Friday as a consortium backed by the Chinese oil giant faces a deadline on whether to pursue its unsolicited $2.2 billion...
5 Jul 2012
U.S. banks may take on excessive risk to make up for a sluggish housing market, low revenues and new regulation, a U.S. banking regulator warned on Thursday...
5 Jul 2012
French engineering company Schneider Electric SA is moving ahead with the sale of its U.S.-based sensors subsidiary, a move it postponed last year amid financing market turmoil...
5 Jul 2012
Qatar, the second-largest shareholder in Xstrata, said on Thursday it was "firm" in its demand for an improved offer for the mining group from commodities trading giant Glencore, raising the...
5 Jul 2012
Aviva, Britain's No.2 insurer, plans to sell or close more than a quarter of its businesses in a shake-up aimed at regaining the support of investors irked by the group's flagging share price...
5 Jul 2012
Fresenius does not want to take any chances in trying to revive a deal to create a Germany-wide network of private hospitals, but the company is pinning its hopes on an interloper...
5 Jul 2012
The number of U.S. businesses and consumers filing for bankruptcy fell 14 percent in the first half of 2012 and could end the year at the lowest level since before the 2008 financial crisis...
5 Jul 2012
Swiss buyout group Capvis has attracted a number of potential buyers in the sale of its German industrial safety tools producer Bartec, which is expected to fetch around 600 million...
5 Jul 2012
Coty has moved on, at least for the time being. The fragrance company that made an ambitious, if unsuccessful, bid for rival cosmetics group Avon earlier this year is seeking a consolation prize...
5 Jul 2012
The global institutional offer of Malaysia's IHH Healthcare Bhd's $2 billion initial share sale has been oversubscribed nearly 60 times, according to two people with knowledge of the matter...
5 Jul 2012
U.S. buyout fund Carlyle Group LP <CG.O> said on Thursday it has acquired 49 percent and effective control of China's Mandarin Hotel Holdings Ltd for an undisclosed sum, seeking to tap into strong...
5 Jul 2012
Many companies looking to list in Hong Kong are failing to provide meaningful disclosure, the city's market regulator said, underscoring the concerns that have pushed it to call for fines or jail time...
4 Jul 2012
Here is a look at English soccer club Manchester United which has picked the New York Stock Exchange to raise up to $100 million in an initial public offering...
4 Jul 2012
IHH Healthcare Bhd, Asia's largest hospital operator, will look to buy assets in China and India with their billion-plus populations after the Malaysian firm uses its IPO proceeds to pay down debt...
3 Jul 2012
China must roll out new measures to combat speculative housing demand as risks of a home price rebound rise, the official People's Daily said in a commentary published on Wednesday...
3 Jul 2012
Chinese aluminum giant Chalco delayed plans to acquire a controlling stake in Mongolia-focused coal miner SouthGobi Resources Ltd on Tuesday, as it continues to work on securing regulatory approvals...
3 Jul 2012
The stakes are rising in lawsuits against big banks over allegations they rigged benchmark interest rates, as some large investors may opt out of a massive class action and strike out on their own...
3 Jul 2012
GlaxoSmithKline Plc has lined up candidates to replace the entire board of Human Genome Sciences Inc as it weighs options after its hostile $2.6 billion bid for the U.S. biotech company...
3 Jul 2012
U.S. investment manager BlackRock is buying Swiss Re's European private equity arm, marking the second deal for a private equity fund manager in as many days as sellers contend...
3 Jul 2012
U.S. energy regulators have subpoenaed JPMorgan Chase & Co twice in the past three months as part of an investigation into whether the bank manipulated power markets in California...
3 Jul 2012
Hellman & Friedman will take a majority stake in energy analysis group Wood Mackenzie in a deal that values the company at 1.1 billion pounds ($1.7 billion) including debt and marks a relatively...
3 Jul 2012
Peyto Exploration & Development Corp said it will buy Open Range Energy Corp in a deal valued at C$100.2 million ($98.3 million), scuttling Cequence Energy Ltd's friendly takeover...
3 Jul 2012
Transmissora Aliança de Energia Elétrica, a unit of power holding company Cemig, plans to raise up to 1.89 billion reais ($955 million) in an initial public offering as risk aversion eases, increasing...
3 Jul 2012
Duke Energy Corp closed its $18 billion buyout of Progress Energy Inc on Monday and said Progress Chief Executive Bill Johnson has resigned and will not be taking the top job at...
3 Jul 2012
Activist fund Knight Vinke, a top-20 shareholder in miner Xstrata, said on Tuesday it supported a surprise call from fellow investor Qatar for better terms in a takeover offer from...
3 Jul 2012
Chinese private firms investing abroad will get new policy support, including tax relief and easier access to credit, the country's top planning body said on Tuesday, to balance capital flows...
3 Jul 2012
One Equity Partners, JP Morgan Chase & Co's private investment arm, will buy technology services firm M*Modal for about $1.1 billion in cash...
3 Jul 2012
Britain's Financial Services Authority is reviewing how wholesale markets are supervised following the interest rate-setting scandal, its chairman Adair Turner said on Tuesday...
3 Jul 2012
All Nippon Airways Co said on Tuesday it is raising up to $2.6 billion in a share sale to buy new planes and to bolster its finances as it faces a resurgent rival in Japan Airlines and increased...
3 Jul 2012
Qatar's demand that Glencore sweetens its offer to merge with Xstrata doesn't mean the Gulf state has suddenly become a gutsy activist investor. But it does show that Qatar won't sit...
2 Jul 2012
Women's apparel maker J Brand has hired Morgan Stanley <MS.N> to help it explore strategic options, including a sale or an initial public offering, according to two sources familiar with the matter...
2 Jul 2012
Malaysia's prime minister will launch on Tuesday the $2 billion initial public offering of state-backed IHH Healthcare Bhd, Asia's largest private hospital operator, solidifying the country's status...
2 Jul 2012
Abound Solar filed for bankruptcy on Monday and will liquidate, becoming the latest U.S. solar panel company to fold despite government support...
2 Jul 2012
The number of private equity funds seeking money from investors reached an all-time high in the second quarter, while those which completed fundraising hit a record low...
2 Jul 2012
Aircraft maker Hawker Beechcraft Inc has filed a reorganization plan which will give secured lenders at least 81 percent of the company's equity when it emerges from bankruptcy...
2 Jul 2012
Apple Inc has paid $60 million to Proview Technology (Shenzhen) to end a protracted legal dispute over the iPad trademark in China...
2 Jul 2012
Sony Corp said on Monday it would buy the privately held California-based gaming firm Gaikai Inc for about $380 million as the money-losing electronics maker seeks to strengthen its...
2 Jul 2012
German industrial gas firm Linde plans to raise up to 1.5 billion euros ($1.9 billion) from selling new shares to help fund its purchase of Lincare Holdings, which will put it...
2 Jul 2012
Dell Inc will buy IT management company Quest Software Inc for $2.4 billion to expand its software business and decrease its dependence on the declining personal computer market...
2 Jul 2012
Auto parts supplier BorgWarner Inc said it would sell its spark plug business to smaller rival Federal-Mogul Corp for an undisclosed amount...
2 Jul 2012
Technology distributor Ingram Micro Inc will buy smaller rival BrightPoint Inc for about $650 million in cash in its biggest deal ever, to expand in the higher-margin mobile devices market as...
2 Jul 2012
Micron Technology Inc will buy failed Japanese chipmaker Elpida Memory Inc for about $750 million in cash, pushing Micron into second place behind market leader Samsung Electronics in...
2 Jul 2012
Barclays' record fine for rigging Libor interest rates should be a "watershed" moment for the wider financial industry to clean up its act and restore public trust, Britain's markets watchdog...
2 Jul 2012
The number of initial public offerings in the second quarter ground to a halt because of Facebook's disappointing public debut, according to new data from the National Venture Capital Association...
2 Jul 2012
Linde is expanding to fill the available space. The German gas company is paying $4.6 billion including debt for Lincare, a Florida firm whose oxygen cylinders and ventilators help the infirm...
2 Jul 2012
Nasdaq OMX has bought a Nordic clearing house in the latest move by the transatlantic exchange group to expand its operations in Europe...
2 Jul 2012
China-based Kada Technology Holdings Ltd, which applied on Monday to trade on London's junior market, said it hoped an overseas listing will bring it prestige and more profitable...
2 Jul 2012
China's foreign exchange regulator granted $1.4 billion in combined quotas to overseas investors during the first half of June, almost equal to the amount given in the previous two months, as the...
2 Jul 2012
Bristol-Myers Squibb Co will buy biotechnology company Amylin Pharmaceuticals Inc for about $5.3 billion in cash, helping Bristol-Myers extend its portfolio of diabetes treatments with...
1 Jul 2012
German industrial gas producer Linde AG said on Sunday it has agreed to pay $4.6 billion for Lincare Holdings Inc, a Florida-based provider of oxygen and respiratory therapy services to...