NEWS
August 2009
31 Aug 2009
(Reuters) U.S. accounting rulemakers have proposed requiring new disclosures on how companies value illiquid assets, a move designed to make it easier for…
31 Aug 2009
(Reuters) General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group...
31 Aug 2009
(Reuters) Baker Hughes Inc said it will buy smaller competitor BJ Services Co for $5.5 billion in stock and cash to expand its international business and take advantage of BJ's pressure pumping expertise...
31 Aug 2009
(Reuters) - Hedge fund firm Citadel Investment Group LLC on Monday said it terminated a plan to sell 120 million shares of E*Trade Financial Corp (ETFC.O) over the next three months.
31 Aug 2009
U.S. chemicals maker Huntsman Corp said on Monday it entered a "stalking horse" agreement to buy certain assets of bankrupt rival Tronox Inc for $415 million…
31 Aug 2009
(Reuters) The Federal Reserve has made $14 billion in profits on loans made in the last two years, The Financial Times reported…
31 Aug 2009
(Reuters) Walt Disney Co said on Monday it plans to buy Marvel Entertainment Inc for $4 billion in a deal that would add characters like Iron Man, Spider-Man, and the Fantastic Four to its entertainment empire...
31 Aug 2009
(Reuters) Two real estate investment trusts filed for initial public offerings on Friday, bringing to eight the number of applications since early July by REITs created by…
28 Aug 2009
(Reuters) A U.S. appeals court on Friday threw out a regulation that has limited cable companies to serving up to 30 percent of the country's subscription television market...
28 Aug 2009
(Reuters) Songbird Estates owner of much of London's Canary Wharf office complex, said on Friday it is raising funds with an issue of new shares to purchase and…
28 Aug 2009
(Reuters) The reinvigorated market for initial public offerings has sparked a rash of new filings by prominent companies that have been waiting for years for the chance to go public…
28 Aug 2009
(Reuters) British transport group National Express has rejected a proposed 600 million pound ($977.2 million) takeover approach led by its main shareholder, saying an equity fundraising is now its main goal…
28 Aug 2009
(Reuters) A judge granted Trump Entertainment Resorts Inc bondholders permission on Thursday to submit a reorganization plan for the casino operator, which…
28 Aug 2009
(Reuters) British explorer Heritage Oil said a probe by the UK's financial markets regulator could hinder its plans for a $5.5 billion merger with Genel Energy International…
28 Aug 2009
Wall Street should keep its eye on a little-known coterie of investment companies run by European banks called "structured investment vehicles," or SIVs, which are having a tough time…
27 Aug 2009
(Reuters) Shareholders in the National Express were gathered this week to find out whether they want a 350 million pounds rights issue or prefer to pursue a takeover proposal…
27 Aug 2009
(Reuters) Global buyout firms are racing to launch yuan-based funds in an effort to do deals more quickly and easily in China, where approvals for major foreign investments…
27 Aug 2009
(Reuters) Brazil's BM&FBovespa, the world's fourth-largest exchange operator by market value, said on Wednesday it is in partnership talks with trans-Atlantic exchange operator Nasdaq OMX Group…
27 Aug 2009
(Reuters) Bondholders of Tribune Co. have asked a U.S. bankruptcy judge to investigate the 2007 buyout of the bankrupt media company by Sam Zell, court documents showed...
27 Aug 2009
(Reuters) A New York bankruptcy court on Wednesday ordered that banks and other firms involved in disputes over the value of derivatives held with Lehman Brothers enter into compulsory mediation in…
27 Aug 2009
(Reuters) U.S. banking regulators partially retreated from a much-criticized proposal to impose new rules on private equity investment in troubled banks...
27 Aug 2009
(Reuters) Aerospace supplier Precision Castparts Corp said on Wednesday that it would acquire Carlton Forge Works for $850 million...
26 Aug 2009
(Reuters) Last month we got a tip that Yahoo was in the final stages of buying one of the largest Arab online portals Maktoob, for about $75 million. This was right when the MSFT-Yahoo deal was announced…
26 Aug 2009
(Reuters) Canada's Eldorado Gold Corp said on Wednesday it will buy Sino Gold Mining Ltd for C$2.0 billion ($1.84 billion) in an all-share deal that will…
26 Aug 2009
(Reuters) The bankrupt publisher of Reader's Digest won court approval on Tuesday to access some of the $150 million...
26 Aug 2009
(Reuters) British private equity firm Terra Firma said it has bought Everpower Wind Holdings in a deal that a source said was worth around $350 million...
26 Aug 2009
Malaysia's Sime Darby the world's top planter by landbank, plans to set up an Islamic funding programme for up to 4 billion ringgit ($1.14 billion)…
25 Aug 2009
(Reuters) Women's-apparel retailer Charlotte Russe Holdings Inc said it has agreed to be acquired by private equity firm Advent International Corp for about $380 million in cash, sending its shares up 26 percent…
25 Aug 2009
(Reuters) Bank of America Corp and the top U.S. securities regulator sought to persuade a judge to approve their $33 million settlement of a civil lawsuit over...
25 Aug 2009
(Reuters) Taylor, Bean & Whitaker Mortgage Corp filed for Chapter 11 bankruptcy protection and said it may liquidate, three weeks after it closed its mortgage lending business and was suspended by a federal agency…
25 Aug 2009
(Reuters) On-line health supplement retailer and manufacturer Vitacost.com set the estimated price range on Monday for shares in its planned initial public offering, a sign that its stock flotation could be imminent…
25 Aug 2009
(Reuters) Lowe's Companies Inc the No. 2 U.S. home improvement chain, is making its first foray outside North America through a joint venture with Woolworths Ltd, Australia's largest retailer...
25 Aug 2009
(Reuters) Austrian bank BAWAG P.S.K., owned by U.S. financier Cerberus Capital, will get a planned 550 million euros of state aid in October or November but will have to accept strict conditions…
25 Aug 2009
Canadian Royalties Inc on Tuesday rejected the unsolicited takeover offer by Jien Mining Canada Ltd, saying the offer substantially undervalued the company and…
25 Aug 2009
Repeat offenders who persist in illegally downloading music from file-sharing sites such as Limewire could be blocked from accessing the Web under British government proposals issued on Tuesday...
24 Aug 2009
(Reuters) Sprint Nextel Corp's proposed $483 million merger with Virgin Mobile USA Inc received antitrust clearance, the U.S. Federal Trade Commission said on Monday...
24 Aug 2009
(Reuters) Dubai Holding, a firm owned by the Gulf Arab emirate's ruler, said on Saturday it had merged the portfolios of its property subsidiaries Dubai Properties, Sama Dubai and Tatweer as part of its restructuring plans…
24 Aug 2009
(Reuters) Warner Chilcott, an Irish drugmaker that specializes in contraceptives and female hormone treatments, will buy Procter & Gamble Co's pharmaceuticals business for $3.1 billion, the companies said on Monday...
24 Aug 2009
(Reuters) Media company Tribune Co has reached a deal to sell the Chicago Cubs baseball team and other assets to the Ricketts family for $845 million, Tribune said on Friday.
24 Aug 2009
(Reuters) Software giant Oracle Corp said in a regulatory filing on Friday that it would cut the salary of its chief executive to $1 in fiscal 2010 from $1 million in the previous year...
24 Aug 2009
(Reuters) China CNR Corp, one of the country's top two train makers, has won regulatory approval for an initial public offering in Shanghai to raise nearly $1 billion to fund technical upgrades...
24 Aug 2009
(Reuters) Qwest Communications International Inc said it has eliminated tens of thousands of dollars of annual payments to cover expenses of its chief executive and other top officials...
24 Aug 2009
(Reuters) Clients of Lehman Brothers in Europe may have to wait longer to get their assets back after a judge blocked a move to speed the unwinding of the bankruptcy, accountants warned on Friday...
21 Aug 2009
(Reuters) Software giant Oracle Corp has won U.S. antitrust approval to buy computer maker Sun Microsystems, clearing a key hurdle in the companies' plan to close the $7.4 billion deal before the end of this month…
21 Aug 2009
(Reuters) Caterpillar and Navistar International Corp are in talks with China's Jianghuai Automobile to set up a truck venture…
21 Aug 2009
(Reuters) General Motors is moving closer to picking Germany's favored buyer, Magna International and its Russian partners, for its Opel business when GM's board meets…
21 Aug 2009
(Reuters) Discount retailer Dollar General Corp, backed by powerful private equity firm Kohlberg Kravis Roberts & Co, filed for an initial public offering of up to $750 million on Thursday, according to a regulatory filing.
21 Aug 2009
(Reuters) A Chinese court has jailed four people for spreading their bootleg "Tomato Garden" version of Microsoft's Windows XP program, in what the Xinhua news agency called the nation's biggest software piracy case…
21 Aug 2009
(Reuters) Fujitsu Ltd, Japan's biggest IT services firm, nearly quadrupled its annual net profit forecast after it unloaded shares in industrial robot maker Fanuc Ltd for 89 billion yen ($945 million)…
20 Aug 2009
(Reuters) Shares of Forsys Metals Corp skidded 13 percent on Wednesday, as a letter by Industry Canada apparently delaying the company's planned takeover by holding company George Forrest International Afrique threw a chill into shareholders...
20 Aug 2009
(Reuters) The Federal Deposit Insurance Corp will meet next week to vote on its policy for private equity investments in failed banks, according to an agenda posted to its website…
20 Aug 2009
(Reuters) Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks…
20 Aug 2009
(Reuters) American Capital Ltd plans to periodically sell $1.5 billion in debt securities, common shares and preferred stock...
20 Aug 2009
(Reuters) News Corp's MySpace said on Thursday it has agreed to buy music recommendation service iLike, as the once-hot social networking site tries to reinvent itself as an entertainment portal…
20 Aug 2009
(Reuters) The U.S. government on Thursday announced grants of almost $1.2 billion to help hospitals and healthcare providers implement and use electronic health records…
20 Aug 2009
(Reuters) Banco Bilbao Vizcaya Argentaria, Spain's second-largest bank, is expected to win a government-run auction of troubled Texas lender Guaranty Financial Group Inc, sources familiar with the situation…
20 Aug 2009
(Reuters) NCI Building Systems Inc said a fund managed by Clayton, Dubilier & Rice (CD&R) has agreed to invest $250 million in the company, and that it expects to be profitable in the third quarter, driving its shares up as much as 23 percent.
20 Aug 2009
(Reuters) Northrop Grumman Corp has hired two investment banks to sell a unit that advises government military agencies in a deal that could fetch up to $2 billion…
19 Aug 2009
(Reuters) The Chicago Board Options Exchange said on Tuesday that it had received approval from the U.S. Securities and Exchange Commission for an exception to its current rules that limit anticipatory hedging…
19 Aug 2009
(Reuters) Energy company AEI is seeking to raise as much as $862.5 million in an initial public offering, according to a regulatory filing on Tuesday…
19 Aug 2009
(Reuters) Macquarie Group Ltd, Australia's top investment bank, agreed to buy U.S. asset manager Delaware Investments for $428 million in cash from Lincoln National Corp…
19 Aug 2009
A federal bankruptcy judge has approved Bally Total Fitness Holding Corp's reorganization plan, clearing the way for the U.S. health club operator to emerge from Chapter 11 under its lenders' control…
19 Aug 2009
Ecuador wants to renegotiate the deal it has for the construction of a new airport with a consortium in which Canada's Aecon Group Inc has a 45.5 percent stake, the mayor of Quito…
19 Aug 2009
British investment bank Shore Capital Group said its first-half pretax profit rose 13 percent as its equity capital markets and asset management divisions performed well, and secondary commissions rose…
18 Aug 2009
(Reuters) Huron Consulting Group shares were nearly 40 percent higher after the company late Monday reported a better-than-expected second-quarter profit and completed a restatement of past results for accounting irregularities…
18 Aug 2009
(Reuters) U.S. auto parts maker Lear Corp has filed its bankruptcy reorganization plan with the court, moving ahead with a deal to restructure about $3.6 billion of its debt burden, and possibly exit bankruptcy protection later this year…
18 Aug 2009
(Reuters) American International Group Inc, the insurer that received billions of dollars in a U.S. bailout, said on Monday that it will pay newly-appointed Chief Executive Robert Benmosche an annual salary of $7 million...
18 Aug 2009
(Reuters) HealthPort Inc, a healthcare information service provider, filed with regulators on Monday to raise up to $100 million in an initial public offering…
18 Aug 2009
(Reuters) Sweden's Koenigsegg and U.S.-based General Motors said on Tuesday they had inked a deal for the niche sports car maker to buy loss-making Saab Automobile…
18 Aug 2009
(Reuters) Australia and China struck their biggest trade deal ever on Tuesday as the world's two most valuable listed oil companies, Exxon Mobil and PetroChina, agreed a $41 billion liquefied natural gas deal…
18 Aug 2009
Wells Fargo & Co has agreed to pay $45 million to settle lawsuits related to work performed for a tax deferral firm whose clients were swindled out of $126 million by now-imprisoned Edward Okun...
17 Aug 2009
(Reuters) Reader's Digest Association Inc, publisher of the widely-read Reader's Digest magazine, said on Monday it would likely file for Chapter 11 bankruptcy for its U.S. businesses to cut its debt load…
17 Aug 2009
(Reuters) The Federal Reserve said on Monday it was extending to mid-2010 an emergency program aimed at boosting lending in the ailing commercial real estate market...
17 Aug 2009
(Reuters) U.S. regulators on Friday suspended their consideration of an application from E*Trade Financial that would have resulted in routing more of the online broker's trades…
17 Aug 2009
(Reuters) Britain's Raymarine Plc, a maker of electronic equipment for boats, confirmed on Monday that it was in preliminary talks with U.S.-based navigation device maker Garmin Ltd...
17 Aug 2009
(Reuters) Shoemaker Skins Footwear Inc filed for Chapter 7 bankruptcy, citing assets of less than $50,000 and liabilities of between $10 million and $50 million…
17 Aug 2009
(Reuters) German utility RWE has submitted a bid for a 67 percent stake in Polish peer Enea…
17 Aug 2009
(Reuters) Sweden's Swedbank unveiled a surprise 15 billion Swedish crown ($2.1 billion) rights issue to boost a balance sheet weighed down by rising levels of bad loans, sending its shares sharply lower...
17 Aug 2009
(Reuters) Southeast regional bank BB&T Corp, which on Friday agreed to buy assets of lender Colonial Bank, said it commenced an offering of $750 million of its common stock…
17 Aug 2009
(Reuters) First Eastern, a Hong Kong-based private equity firm, aims to raise 6 billion yuan ($878 million) for yuan-denominated funds over the next 12 months to expand its investments in China…
14 Aug 2009
(Reuters) Activist investor Carl Icahn is under fire from a hedge fund that accuses the billionaire investor of enriching himself at the expense of minority shareholders in XO Holdings Inc...
14 Aug 2009
(Reuters) The Federal Deposit Insurance Corp is taking Colonial BancGroup Inc into receivership and will sell the struggling lender's branches and deposits to BB&T Corp…
14 Aug 2009
(Reuters) Dole Food Co Inc, the world's largest producer of fresh fruits and vegetables, filed with U.S. regulators on Friday to raise up to $500 million…
14 Aug 2009
(Reuters) Hedge fund manager Man Group on Friday said it had agreed to sell its remaining stake in futures and options broker MF Global to Japanese bank Nomura…
14 Aug 2009
(Reuters) The U.S. coal business of miner Rio Tinto PLC submitted a new application on Wednesday for an initial public offering of up to $500 million…
14 Aug 2009
(Reuters) U.S. accounting rule makers met on Thursday to consider expanding mark-to-market accounting rules to loans and other securities, moving ahead with a plan already strongly opposed by banks...
14 Aug 2009
(Reuters) Private equity firm Blackstone Group is selling $600 million in its first corporate bond offering, a market source said on Thursday…
14 Aug 2009
(Reuters) Terex Corp, the world's third-largest maker of heavy earth-moving equipment, said on Wednesday that U.S. securities regulators had approved its offer to pay an $8 million civil penalty to settle fraud charges…
14 Aug 2009
(Reuters) French construction firm Vinci SA has bought British builder Haymills Group in a "prepack" administration deal…
14 Aug 2009
(Reuters) Radiation detection provider Mirion Technologies Inc on Thursday became the latest private-equity backed company to file for an initial public offering...
14 Aug 2009
(Reuters) The Commodity Futures Trading Commission on Thursday proposed creating a new account class for over-the-counter derivatives…
14 Aug 2009
(Reuters) Republic Airways Holdings won its bid to buy bankrupt Frontier Airlines Holdings Inc for $108.75 million after a day-long auction in bankruptcy court late Thursday...
13 Aug 2009
(Reuters) Citadel Investment Group, the hedge fund giant that has twice injected capital into struggling online brokerage E*Trade Financial Corp…
13 Aug 2009
(Reuters) A U.S. institutional investor sued Textron Inc on Thursday, charging the world's largest maker of corporate jets with misleading investors…
13 Aug 2009
(Reuters) Troubled lender CIT Group Inc on Thursday said it agreed to provide a capital and liquidity management plan to its regulator within 15 days...
13 Aug 2009
(Reuters) Bank of America Corp sued Colonial BancGroup Inc for more than $1 billion in loans and cash…
13 Aug 2009
(Reuters) Google Inc's deal to buy video compression software company On2 Technologies Inc is being challenged in court by On2 shareholders…
13 Aug 2009
(Reuters) Charming Shoppes Inc said it agreed to sell its private label credit card program to business services company Alliance Data Systems to reduce debt…
13 Aug 2009
(Reuters) China's Yanzhou Coal Mining Co agreed to buy Australian coal miner Felix Resources Ltd for $2.9 billion, both firms said on Thursday, further underscoring China's growing appetite for resources assets....
13 Aug 2009
(Reuters) U.S. carrier Delta Air Lines Inc and the Atlanta airport are close to a lease agreement that would pave the way for an $800 million bond sale, the biggest such offering in the U.S...
12 Aug 2009
(Reuters) Bernard Madoff's long-time deputy, Frank DiPascali, on Tuesday pleaded guilty to financial crimes…
12 Aug 2009
(Reuters) AstraZeneca has bought rights to Forest Laboratories' new antibiotic drug ceftaroline, boosting sales hopes and increasing the Anglo-Swedish drugmaker's presence in anti-infectives...
12 Aug 2009
(Retuers) MyWebGrocer Inc, a privately held provider of online shopping technology for regional grocers, said on Wednesday it received a $13 million infusion…
12 Aug 2009
(Reuters) A U.S. bankruptcy judge ruled on Tuesday that several subsidiaries of bankrupt mall operator General Growth Properties should be allowed to stay in Chapter 11, despite lender claims that the cases were ineligible for bankruptcy…
12 Aug 2009
(Reuters) JPMorgan Chase & Co is looking to sell 23 office properties in what may be the country's largest office real estate sale this year…
12 Aug 2009
(Reuters) The Obama administration's plan to regulate the $450 trillion private swaps market would give the two main market regulators a share of the duties by splitting…
12 Aug 2009
(Reuters) Lehman Brothers Holdings Inc can pursue claims on assets in a bankruptcy case expected to set a precedent for treatment of derivatives in complex investment products...
12 Aug 2009
(Reuters) Britain's Lloyds said on Wednesday it would sell the bulk of its Insight Investment unit to Bank of New York Mellon for 235 million pounds ($386 million) as part of a shake-up of its asset management units…
12 Aug 2009
(Reuters) Lions Gate Entertainment Corp reached a deal to distribute its DVDs through Coinstar Inc's Redbox kiosks, weeks after Sony struck a similar pact in a sign of their growing acceptance by Hollywood…
12 Aug 2009
(Reuters) Private equity firm TPG said on Tuesday that it would buy up to 20 percent of building products company Armstrong World Industries Inc…
12 Aug 2009
(Reuters) A group of senior lenders won court approval to take control of British car cleaning company IMO Car Wash on Tuesday in a landmark ruling that junior lenders fear will weaken their hand in future restructuring cases…
12 Aug 2009
SkyPower Corp, a Canadian developer of renewable energy projects owned by bankrupt Lehman Brothers Holdings Inc, said on Wednesday that it has filed for court protection under the Companies' Creditors Arrangement Act...
11 Aug 2009
(Reuters) Huron Consulting Group Inc, whose shares plunged in the wake of an accounting scandal…
11 Aug 2009
(Reuters) Britain's Resolution, an acquisition vehicle founded by tycoon Clive Cowdery, clinched the first of a hoped-for trio of deals with the 1.86 billion pound ($3.1 billion) takeover of insurer Friends Provident…
11 Aug 2009
(Reuters) Pershing Square Capital Management, whose manager William Ackman lost a heated proxy contest to elect new directors to Target Corp's board…
11 Aug 2009
(Reuters) Lone Star Funds joined other big private equity names in opposing proposed U.S. rules for investments in failed banks…
11 Aug 2009
(Reuters) Southwest Airlines boosted its offer to more than $170 million for bankrupt Frontier Airlines Holdings Inc on Monday saying its plan...
11 Aug 2009
(Reuters) Indian Sterlite Industries, a subsidiary of London-listed Vedanta Resources, on Tuesday confirmed an improved offer for the operating assets of bankrupt U.S. copper miner Asarco LLC…
10 Aug 2009
(Reuters) Barnes & Noble Inc plans to buy Barnes & Noble College Booksellers Inc for $596 million, adding a growing business that it said will lift earnings by 30 to 35 percent annually…
10 Aug 2009
(Reuters) Maguire Properties Inc. one of the largest owners of office buildings in Southern California, said two subsidiaries defaulted on mortgage payments but the company is not considering bankruptcy…
10 Aug 2009
(Reuters) State Street Corp said on Monday that it may not have set aside enough money to cover possible fees and penalties linked to lawsuits and probes by state and federal regulators into risky investments…
10 Aug 2009
(Reuters) China's state secrets watchdog has accused mining multinational Rio Tinto of engaging in commercial spying over six years…
10 Aug 2009
(Reuters) Dynegy Inc said it was selling some of its power plants to LS Power for $1.0 billion in cash as the U.S. power producer seeks to pay back debt and improve its liquidity position…
10 Aug 2009
(Reuters) Publicis struck a $530 million deal with Microsoft to buy the Razorfish ad agency and boost its position in digital communications, the world's third-largest communications group said on Sunday...
10 Aug 2009
(Reuters) General Motors Co plans to sell shares in an initial public offering before the one-year anniversary next July of its exit from bankruptcy, the carmaker said in a regulatory filing on Friday...
7 Aug 2009
Colonial BancGroup Inc said it is the target of a criminal probe by the U.S. Justice Department related to the struggling lender's mortgage warehouse lending division and alleged accounting irregularities...
7 Aug 2009
(Reuters) A federal judge refused to approve a settlement between a top U.S. regulator and Bank of America Corp over executive bonuses, the latest twist in the bank's star-crossed takeover of Merrill Lynch & Co…
7 Aug 2009
(Reuters) Energy traders and companies will face fines of up to $1 million a day if they manipulate oil markets, the Federal Trade Commission ruled on Thursday in a crackdown on fraud that they said causes widespread damage to the U.S. economy…
7 Aug 2009
(Reuters) Dutch telecoms group KPN confirmed its offer of $1.55 per share for iBasis shares it does not yet own after iBasis repeatedly objected to the bid on Thursday because it was "inadequate."…
7 Aug 2009
(Reuters) Jewelry retailer Finlay Enterprises Inc filed for bankruptcy in a Manhattan court late on Wednesday and said it plans to liquidate its assets...
6 Aug 2009
(Reuters) GlaxoSmithKline Plc, the world's second-largest drugmaker, has signed a deal potentially worth $200 million with British biotech company Vernalis Plc to boost its early-stage research in cancer…
6 Aug 2009
(Reuters) American International Group Inc's former Chief Executive Hank Greenberg agreed to pay $15 million to settle regulators' allegations of improper…
6 Aug 2009
(Reuters) When Mike Smith took over as CEO of Australia and New Zealand Banking Group (ANZ.AX) in 2007 he had a clear mandate to take the bank into fast-growing Asian markets, pitting it against his former employer, HSBC…
6 Aug 2009
U.S. securities regulators charged two option traders and their broker dealers with violating rules to prevent an abusive form of short selling, known as "naked" short sales…
5 Aug 2009
(Reuters) Online genealogy company Ancestry.com yesterday filed for a $75 million IPO, and some people instinctively began buzzing about the prospects for yet another VC-backed IPO…
5 Aug 2009
(Reuters) The U.S. government has queried Goldman Sachs Group Inc. about its compensation practices and credit derivative instruments...
5 Aug 2009
(Reuters) Google Inc said it would acquire On2 Technologies Inc, a maker of video compression technology, in a stock deal valued at about $106.5 million…
5 Aug 2009
(Reuters) GlaxoSmithKline has won orders for H1N1 swine flu vaccine from a further nine governments, taking the total number of doses ordered to 291 million, the British-based drugmaker said on Tuesday…
5 Aug 2009
Canadian gold miner Red Back Mining Inc said it would not pursue its acquisition bid for Moto Goldmines Ltd, after Moto backed a C$546 million takeover offer from Randgold Resources Ltd…
4 Aug 2009
(Reuters) General Electric Co (GE.N) will pay a $50 million civil penalty to settle charges by the U.S. Securities and Exchange Commission that it misled investors with some fraudulent accounting in 2002 and 2003…
4 Aug 2009
(Reuters) A Canadian-based startup that is experimenting with fusion energy technology has quietly raised $22 million in early stage funding from venture capitalists…
4 Aug 2009
(Reuters) The U.S. Securities and Exchange Commission wants former Kmart Chief Executive Charles Conaway to pay $22.6 million, alleging he mislead investors before the company filed for bankruptcy in 2002, court documents showed…
4 Aug 2009
(Reuters) Google Inc Chief Executive Eric Schmidt has quit Apple Inc's board of directors, a move that may help defuse some scrutiny of their relationship as they compete in key markets...
4 Aug 2009
(Reuters) Real estate tycoon Donald Trump and an affiliate of Bank of Nevada will buy Trump Entertainment Resorts Inc for $100 million, the bankrupt casino operator said, sending its shares up more than 79 percent...
4 Aug 2009
(Reuters) Automotive parts maker Cooper-Standard Holdings Inc filed for Chapter 11 bankruptcy protection on Monday saying it could not repay its debt amid a drop in U.S. auto sales...
3 Aug 2009
(Reuters) Private equity firm Warburg Pincus LLC [WP.UL] agreed on Monday to invest $115 million into Webster Financial Corp (WBS.N) for a minority stake in the bank…
3 Aug 2009
(Reuters) Two law firms are investigating potential shareholder claims against Huron Consulting Group Inc concerning possible securities violations after the company disclosed an accounting scandal on Friday…