NEWS
February 2012
29 Feb 2012
JHS Capital Advisors, the brokerage firm founded by former GunnAllen Chairman John Sykes, said on Wednesday it plans to buy Paulson Investment Co's retail business...
29 Feb 2012
Canada's Cogeco Cable has sold its struggling Portuguese unit, Cabovisao, to European media and telecom investment group Altice for 45 million euros ($60 million)...
29 Feb 2012
Few energy companies look better-positioned than Shell to make Cove Energy into a money-spinner. If only it were so simple...
29 Feb 2012
IntercontinentalExchange said on Wednesday its efforts to curb erratic high frequency trades (HFT) that cause massive volatility in commodity markets have...
29 Feb 2012
General Motors Co and PSA Peugeot Citroen will seek to squeeze a joint $2 billion annually from a global platforms-to-purchasing alliance, but the savings...
29 Feb 2012
Specialty alloy producer Carpenter Technology Corp has won U.S. antitrust approval to buy rival Latrobe Specialty Metals on condition that it sell facilities...
29 Feb 2012
Private equity firms looking for billions of dollars of new capital for deals are facing a fight for survival in the hunt for a diminishing pool of capital - and losers risk a slow death...
29 Feb 2012
CVC Capital Partners is to buy Nordic construction products and machinery distributor Ahlsell from Cinven and Goldman Sachs Capital Partners for 1.8 billion euros...
29 Feb 2012
Nektar Therapeutics said it agreed to sell its future royalties on two drugs, licensed to UCB Pharma and Roche, to Royalty Pharma for $124 million...
29 Feb 2012
Provident Mortgage Capital Associates Inc said in a regulatory filing that it now plans to offer 5 million shares at $15 per share. At the new price...
29 Feb 2012
Canadian fund manager Sprott Inc has agreed to acquire two small Calgary-based resource investment firms for C$14 million in cash and stock...
29 Feb 2012
Wells Fargo & Co has received a Wells notice from the U.S. Securities and Exchange Commission staff relating to the bank's disclosures in mortgage-backed securities offerings...
29 Feb 2012
A Canadian court has put a hold on an order that Royal Bank of Scotland must turn over internal documents in connection with an investigation...
29 Feb 2012
The U.S. Justice Department is conducting a criminal probe into whether the world's biggest banks manipulated a global benchmark rate that is at the heart...
29 Feb 2012
Wolfgang Schaeuble was playing Sudoku on his iPad as he waited to hear whether Greece's negotiating team had persuaded private creditors to accept a bigger loss on their Greek bonds...
29 Feb 2012
Swiss lawmakers are set to back a tax proposal with the United States on Wednesday in a move which could pave the way for Switzerland to settle a U.S. probe into Swiss banks and hidden offshore accounts...
29 Feb 2012
Lawyers for Apple Inc. argued for its right to use the iPad trademark in China on Wednesday, as a higher court began a crucial hearing that could result in sales of the wildly popular tablet computer being halted throughout the Chinese mainland...
28 Feb 2012
Auditors of U.S. companies would have to look harder at executive pay and at accounting maneuvers used to dress up financial results under a revised standard...
28 Feb 2012
A number of Supreme Court justices expressed skepticism on Tuesday that corporations can be sued in the United States for alleged complicity in human rights abuses abroad...
28 Feb 2012
Bosses of some of the world's largest private equity groups told the industry's annual get-together that their growth into alternative asset managers, investing in everything...
28 Feb 2012
U.S. logistics firm Panther Expedited Services Inc is trying to sell itself, three months after scrapping its IPO plans, two people familiar with the matter told Reuters...
28 Feb 2012
Dutch cable company Ziggo will launch an up to 800 million euro ($1.1 billion) initial public offering (IPO) on Wednesday, IFR, a Thomson Reuters publication, reported...
28 Feb 2012
BB&T Corp's purchase of BankAtlantic Bancorp Inc's lending business was blocked by a Delaware Chancery Court judge, who agreed with hedge-fund investors...
28 Feb 2012
HSBC Holdings Plc said on Monday it will likely face criminal or civil charges from an expanding investigation into its ties to allegedly illegal money transactions...
28 Feb 2012
Intel Corp will sell its stake in two wafer factories to flash memory joint-venture partner Micron Technology for $600 million and will buy the chips from the memory maker.
28 Feb 2012
Expatriate chiefs are a tiny minority at most major publicly traded corporations. It's bad news for shareholders, especially in high-pay hubs, who could find better-value...
28 Feb 2012
Microsoft and several other firms have complained to EU antitrust regulators about Google's social networking tool, two people familiar with the matter said...
28 Feb 2012
Highfields Capital Management LP, one of the largest shareholders of CoreLogic Inc, said it is "very disappointed" with CoreLogic's decision to end its strategic review...
28 Feb 2012
Private equity firms stand to benefit from the misfortunes of Europe's major telecom operators as they snap up mobile assets being sold off by incumbents...
28 Feb 2012
Barclays plc said it was the bank at the centre of a clampdown by Britain on two tax avoidance schemes that the government said would close loopholes and raise more than 500 million pounds ($792 million) in tax...
28 Feb 2012
The European Central Bank said on Tuesday it was temporarily suspending the eligibility of Greek bonds for use as collateral in its funding operations and that national central banks would have to provide banks with liquidity using an emergency measure...
28 Feb 2012
China's banking regulator has allowed banks to make new loans to unfinished local government investment projects to ensure their completion, the official China Securities Journal reported on Tuesday…
28 Feb 2012
The Big Four global audit firms, which dominate the Chinese market, are negotiating with Beijing to lessen the impact of forced changes that could mean only accountants...
27 Feb 2012
Martin Marietta Materials Inc will take its $5.7 billion hostile bid for Vulcan Materials Co to a Delaware court on Tuesday in its drive to seize its larger rival and create...
27 Feb 2012
Elpida Memory Inc filed for protection from creditors on Monday with $5.6 billion in debt, the biggest bankruptcy filing by a Japanese manufacturer...
27 Feb 2012
The FBI says it has enough informants lined up to keep its investigations of suspected illegal insider trading at hedge funds going for at least five more years.
27 Feb 2012
The government is to end "aggressive tax avoidance" schemes used by banks from the profit they can make buying back their own bonds, in a move that could...
27 Feb 2012
Pfizer Inc on Monday said it had acquired privately held Alacer Corp, the largest U.S. maker of vitamin C products, bolstering Pfizer's array of vitamin brands...
27 Feb 2012
Getco has promoted Daniel Coleman to chief executive to spearhead the privately owned electronic trading firm's plans to grow its client business and pile into Asia...
27 Feb 2012
Mexico's Cemex said on Monday it plans to exchange some of its debt for longer maturities in a deal that could help one of the world's leading cement makers save...
27 Feb 2012
Activist investor Dan Loeb correctly diagnosed Yahoo's problem. But he hasn't yet provided a sound prescription to cure ailing Yahoo. Until he does, Loeb doesn't deserve...
27 Feb 2012
A planned sale of a controlling stake in South Korea's Hi-Mart Co Ltd was rocked by allegations of embezzlement and tax evasion by senior executives...
27 Feb 2012
Japan's Olympus Corp proposed a new board of directors on Monday in an effort to recover from a $1.7 billion accounting fraud, but the line-up could face a hostile reception...
27 Feb 2012
Carl Icahn and some of his affiliates sold the majority of their holdings in Motorola Solutions Inc for $1.17 billion, just over a year after the activist investor...
27 Feb 2012
Japan's securities watchdog is investigating a small Tokyo-based broker, ITM Securities Co, over its possible role in a scandal involving the suspected disappearance of more than $2 billion in corporate pension funds, two sources with knowledge of the matter said...
24 Feb 2012
Johnson & Johnson's new CEO will need to take bold steps to help the giant healthcare company repair its reputation following costly product recalls...
24 Feb 2012
U.S. securities regulators should develop a regime to require companies to disclose all of their political spending, a Securities and Exchange Commission official...
24 Feb 2012
In theory, this is a great time for Europe’s nascent shadow banks. But these are likely to remain a niche product, particularly in Europe’s periphery...
24 Feb 2012
The regulatory clock started ticking on commodities trader Glencore's takeover of mining group Xstrata after the pair said they will notify the European Commission...
24 Feb 2012
The Securities and Exchange Commission will not shy away from asking companies to make key changes to their financial disclosures or governing bylaws...
24 Feb 2012
Federal appeals judges on Friday honed in on whether a U.S. Supreme Court ruling limiting securities fraud lawsuits barred a $2 billion case by hedge funds...
24 Feb 2012
Securities regulators on Friday charged three current and former executives for oil services company Noble Corp with participating in a bribery scheme to obtain...
24 Feb 2012
Canada will raise its objections to some elements of the U.S. Volcker rule with U.S. Treasury Secretary Tim Geithner at a weekend meeting of Group of 20 policymakers...
24 Feb 2012
(Reuters) While Glencore and Xstrata work hard to get their merger plan past Europe's antitrust body, it is China, the biggest buyer of the materials they mine and trade, whose watchdog might bite hardest.
24 Feb 2012
A divided Commodity Futures Trading Commission on Thursday approved business-conduct standards for swap dealers and major swap participants. The rule requires...
24 Feb 2012
European companies, fed up with scant lending from tight-fisted banks, are turning to new sources of financing, including preparing to tap the European...
24 Feb 2012
Most Canadian chief executives don't expect the global economy to improve in 2012 and plan to change strategic course, with many looking...
24 Feb 2012
Life has been pretty sweet for a motley crew of companies operating on the edges of the regulated financial services industry. That may be about to change...
24 Feb 2012
Oil explorer Sunshine Oilsands Ltd has priced its $579 million Hong Kong IPO at the bottom of an indicative range, in the latest sign that investors are not ready to buy into the mountain of new listings piling up in the Asian financial hub...
24 Feb 2012
Japan's financial regulator ordered a manager of corporate pensions to halt operations for a month on suspicion that it has lost some of its $2.5 billion assets...
23 Feb 2012
Apple Inc on Thursday adopted a measure long desired by shareholders and governance activists, requiring its directors to win a majority vote before...
23 Feb 2012
Investors backing a plan brokered by Mediobanca to rescue troubled insurer Fondiaria-SAI SpA by merging it with peer Unipol are sticking to their guns...
23 Feb 2012
EasyJet said on Thursday it would review the way it calculates how executive pay is awarded, softening its stance ahead of an investor vote on a motion...
23 Feb 2012
Spanish telecom Telefonica, struggling with falling revenues in an ailing domestic economy, faces shedding assets or cutting its generous dividend...
23 Feb 2012
The head of the Office of Fair Trading - the country's main competition and consumer protection watchdog - is to step down later this year...
23 Feb 2012
The growing battle between Wynn Resorts CEO Wynn and co-founder Okada is set to escalate another notch, after both billionaires traded accusations in past…
23 Feb 2012
State-owned Royal Bank of Scotland paid out nearly a billion pounds in bonuses to staff for last year despite posting a fourth-quarter loss of nearly 2 billion pounds...
23 Feb 2012
Citigroup Inc plans to raise up to $2.1 billion by selling its entire stake in India's Housing Development Finance Corp (HDFC) on Friday, three source with...
23 Feb 2012
British American Tobacco , the world's second-biggest cigarette maker, increased its share buyback to 1.25 billion pounds ($2.0 billion) after it raised prices and saw strong growth in emerging markets to help boost full-year earnings...
23 Feb 2012
Malaysia could delay a $2-billion listing of a state-linked palm oil firm as farmers' opposition to the deal risks undermining the ruling coalition in fiercely contested national polls expected this year...
23 Feb 2012
State-owned Royal Bank of Scotland posted a fourth quarter loss of nearly 2 billion pounds ($3.1 billion), hurt by writedowns on assets and restructuring costs, although it still paid out almost 1 billion pounds in bonuses to staff in 2011...
23 Feb 2012
Yeap Wai Kwong was reprimanded along with China Sky and its other directors on December 16 last year for failing to comply with the SGX's demand to have a…
22 Feb 2012
While Wall Street slashes pay and freezes cash awards, Goldman Sachs Group's top five executives may reap special bonuses of $10.5 million apiece if the firm...
22 Feb 2012
U.S. securities regulators on Wednesday charged two China-based Puda Coal executives with fraud, saying they led investors to invest in an empty shell company...
22 Feb 2012
Fierce competition and sluggish markets make eastern European brewer StarBev a tough sell for its private-equity owner even if it offers potential long-term...
22 Feb 2012
Zhejiang Geely Holdings Group Co said on Wednesday that it plans to set up a joint venture with unit Volvo Car Corp in China and hopes to announce a project to develop and produce an indigenous brand of cars with Volvo in two months...
22 Feb 2012
South Korea's KB Financial Group is interested in buying ING Groep NV's South Korean insurance operations, chairman Euh Yoon-dae said...
22 Feb 2012
A series of technology companies, including security software maker Palo Alto Networks, are preparing to go public on the heels of Facebook's $5-billion filing...
22 Feb 2012
Jack Ma may have failed to buy back a stake in his e-commerce group Alibaba from U.S. partner Yahoo, but he has at least found a fallback plan. Ma has...
22 Feb 2012
India's Reliance Brands, part of Mukesh Ambani's Reliance Industries, has partnered with Iconix Brand Group to sell the U.S. company's fashion and home brands in India...
22 Feb 2012
Lenders paid out a record 441 million pounds in compensation for insurance mis-selling in December, taking payouts for 2011 to 1.9 billion pounds...
22 Feb 2012
UBS plans to sell more loss-absorbing bonds to meet tougher bank capital rules after the Swiss bank tested investor appetite for these new instruments with...
22 Feb 2012
Royal Dutch Shell Plc has made an agreed 992.4 million pounds ($1.6 billion) bid for Mozambique-focused Cove Energy, offering a full price to open up a new gas frontier for the Anglo-Dutch oil major in East Africa...
22 Feb 2012
When it takes six hours to draft a single sentence in a 100-page document, you know things are moving slowly...
22 Feb 2012
The Irish government will provide a final list of assets on Wednesday that are to be hived off to pay down debt...
22 Feb 2012
Mazda Motor Corp is looking to raise up to $2 billion in a bigger-than-expected public share offering, a regulatory filing showed on Wednesday, which would cause a massive 69 percent dilution of its existing shares...
22 Feb 2012
Ford Motor Co is pouring $3.8 billion into its global pension plan this year and will invest its plan assets more heavily in bonds, as the second-largest U.S. automaker moves more aggressively to minimize its pension risks in a shaky market...
22 Feb 2012
The U.S. Justice Department has closed its investigation into whether Allianz SE violated a foreign bribery law through its insurance business in Indonesia...
21 Feb 2012
(Reuters) The U.S. futures regulator on Tuesday again delayed a vote on a long-awaited rule that would impose tougher rules on the swaps market...
21 Feb 2012
Just a few months ago, Deloitte the first of the Big Four accounting firms to be publicly shamed by their U.S. regulator for past failings. And now another client...
21 Feb 2012
U.S. corporations asked the government to explain what it considers a bribe of a foreign official, saying the lack of clarity has had a chilling effect...
21 Feb 2012
Having bought in cheaply and failed to get support for a debt rejig, Eircom’s last owner – a unit of Singapore’s Temasek – withdrew from restructuring talks in December.
21 Feb 2012
Apple Inc's trademark battle moves to one of China's richest cities on Wednesday when a Shanghai court will deliberate a request by troubled technology company Proview...
21 Feb 2012
Apple has no problem getting Chinese consumers to desire its products, as a near-riot outside its Beijing store showed in January. But the U.S. tech giant...
21 Feb 2012
HSBC Holdings is to issue shares to pay the cash element of bonuses for its UK bankers in response to regulatory pressure to preserve capital...
21 Feb 2012
Grubb & Ellis Co filed for bankruptcy protection amid a slower-than-expected recovery in the commercial property market, and agreed to sell nearly...
21 Feb 2012
Switzerland is to announce plans to clean up its reputation as a haven for untaxed money by demanding that banks force clients to declare their money is taxed...
21 Feb 2012
Western investors in Japan's disgraced Olympus have accused its banks of trying to take control of the boardroom by stealth, amid growing signs that...
21 Feb 2012
Swedish telecoms gear maker Ericsson is to buy privately-held WiFi technology firm BelAir Networks as part of its plan to boost its mobile broadband offering...
21 Feb 2012
Fortis, which will also assume $500 million debt, will pay CH Energy shareholders $65 a share, representing a premium of 11 percent over Friday's close.
21 Feb 2012
Chinese e-commerce firm Alibaba Group has offered to take its Hong Kong-listed unit Alibaba.com private at a cost of around HK$19.6 billion...
21 Feb 2012
Euro zone finance ministers sealed a 130-billion-euro ($172 billion) bailout for Greece on Tuesday to avert a chaotic default next month after forcing Athens to commit to unpopular cuts and private bondholders to accept deeper losses...
21 Feb 2012
Japan's Mazda Motor Corp plans to raise $2.1 billion to shore up its finances and invest in a new plant in Mexico, financial sources said on Tuesday...
21 Feb 2012
Greece said on Tuesday it would pass legislation that would allow it to enforce losses on bondholders who will not take part in a voluntary bond swap plan, also known as PSI, that forms part of its bailout plan...
20 Feb 2012
A court in Ecuador has rejected an order by arbitrators that an $18 billion pollution ruling against Chevron should be frozen, but the judges referred an appeal by the U.S. oil company to the country's Supreme Court.
20 Feb 2012
Lloyds <LLOY.L> will slash the bonuses of its former chief executive and 12 other leading members of staff, following an insurance mis-selling debacle at the part-nationalized British bank...
20 Feb 2012
Chinese authorities keep a tight grip on the country's commodity exchanges as part of efforts to deter speculators from driving up food and resource prices...
20 Feb 2012
Tesco Plc , the world's third-largest retailer, launched the initial public offering of its Thailand property fund on Monday, aiming to raise up to $585 million to finance future expansion...
20 Feb 2012
British credit card insurer CPP said its future was at risk following new demands from the Financial Services Authority (FSA) regulator, which has been scrutinising its business practices for the last year...
20 Feb 2012
Wal-Mart Stores Inc said on Monday it is taking a controlling stake in Chinese e-commerce firm Yihaodian, as the world's largest retailer seeks new revenue sources to fend off rising competition in the world's fastest-growing major economy...
20 Feb 2012
Like drunks at a bar door, the euro zone's governments and banks are leaning unsteadily on each other for support...
17 Feb 2012
Mitsui & Co Ltd's MOEX Offshore agreed with the U.S. Justice Department to pay at least $90 million to settle some of its liability in the Deepwater Horizon...
17 Feb 2012
There's a really important lesson in IBM's summary judgment victory in a trade secrets case that could have exposed the company to more than $100 million in claims...
17 Feb 2012
Dutch delivery company TNT Express rejected a 4.9 billion euro (4.1 billion pound) takeover offer from U.S.-based rival United Parcel Service Inc...
17 Feb 2012
(Reuters) Washington Mutual Inc received long-sought court approval to exit bankruptcy and repay $7 billion to creditors, ending more than three years...
17 Feb 2012
The controlling shareholder of Brazilian power distributor Grupo Rede Energia SA should opt for a breakup of the company if he wants the sale of...
17 Feb 2012
Credit reporting firm TransUnion Corp agreed to be acquired by buyout firm Advent International and a Goldman Sachs unit in a deal valued at $3 billion...
17 Feb 2012
Stephen Schwarzman, the boss of the world's largest private equity firm, made his fortune by being a financier who delivered outsized returns for investors from...
17 Feb 2012
China's Minmetals Resources sealed a C$1.3 billion bid for Africa-focused copper miner Anvil Mining on Friday, and said it was on the lookout for copper, zinc...
17 Feb 2012
Mitsubishi Corp said on Monday it had bought an 18 percent stake in Peruvian copper project Quellaveco, a hotly contested asset among Japanese trading...
17 Feb 2012
India's Reliance Communications has appointed another two banks for the upcoming $1 billion IPO of its undersea cable unit in what may be the biggest stock listing...
17 Feb 2012
Encana Corp said it will sell a 40 percent stake in gas assets in British Columbia to Mitsubishi Corp in a deal worth C$2.9 billion ($2.92 billion), and posted...
17 Feb 2012
How do you stump up the money for a $22 billion aircraft deal? The answer in the case of Indonesia's Lion Air, which finalized a record order with Boeing...
17 Feb 2012
Medium-sized Russian lender Promsvyazbank has asked investment banks for proposals to arrange an initial public offering (IPO) of its shares, three banking sources told Reuters on Friday...
17 Feb 2012
India's tax office sought on Friday a review of a Supreme Court verdict dismissing a $2.2 billion tax demand on Vodafone Group Plc over the British company's acquisition of Indian mobile assets...
17 Feb 2012
China has increased mining taxes on iron ore, tin and a range of minerals in a bid to conserve resources, a newspaper reported on Friday, a move analysts said was aimed at regulating the industry by hiking costs for smaller producers...
17 Feb 2012
Until last October, farmers and fund managers rarely lost sleep over the extra money that they habitually maintained in their brokerage accounts, confident that it would be there the next morning...
17 Feb 2012
Carlyle Group has begun the process to offload its more than $300 million stake in mid-sized Taiwanese lender Ta Chong Bank Ltd, sources said, joining other private equity firms in a long-expected exit from the island's low-margin financial sector...
17 Feb 2012
Canada's Competition Bureau said in a court filing in Ottawa that a bank it did not identify has told the agency's investigators that people involved "were able to move" interest rates, the paper said...
16 Feb 2012
A plan by a PIMCO investment fund to take an ownership stake in a small North Carolina bank has run into a problem with U.S. bank regulators...
16 Feb 2012
The new U.S. Consumer Financial Protection Bureau released a proposal to regulate about 200 debt collectors and companies that produce credit reports...
16 Feb 2012
South Korean chipmaker Hynix Semiconductor Inc said on Thursday that a U.S. court has rejected an antitrust claim filed against it by Rambus Inc...
16 Feb 2012
Microsoft Corp Chairman Bill Gates has thrown his support behind a controversial proposal by U.S. securities regulators to make oil, natural gas and mining companies...
16 Feb 2012
Jewelry store operator Zale Corp is on the rebound after being left by customers and shunned by vendors during the recession, and its best hope to prosper...
16 Feb 2012
The second dose of cheap cash from the European Central Bank at the end of this month should spread more broadly across financial markets than the first...
16 Feb 2012
By offloading its chips business for $2.7 billion in cash, P&G swaps a complex structure that, while it would have saved on payments to the tax man...
16 Feb 2012
Oil company ConocoPhillips said it would sell its Vietnam operations to Perenco for $1.29 billion in the latest divestment of assets that has yielded the company...
16 Feb 2012
China's trademark system is a minefield of murky rules and opportunistic "trademark squatters" that even the world's biggest companies and their highly-paid lawyers...
16 Feb 2012
Law firms are facing "a year of challenge and uncertainty" in 2012, forcing them to scramble to find innovative solutions in the face of soft demand and increasing costs...
16 Feb 2012
Shareholders in global miner Xstrata want suitor Glencore to boost its all-share offer, and over a week after the tie-up was announced, investors appear to be pricing in a modest sweetener...
16 Feb 2012
Royal Bank of Scotland has formed a new London-based team focusing on helping European and Chinese companies tap into each other's markets, as Britain aims to boost London's role as a key offshore trading hub for China's yuan currency...
16 Feb 2012
Ecuador's highest court early on Thursday upheld a ruling sentencing three newspaper directors to jail and setting damages at $40 million for libeling leftist President Rafael Correa...
16 Feb 2012
London-based high-end jeweller Graff Diamonds filed a listing application for its planned initial public offering of about $1 billion in Hong Kong On Thursday...
16 Feb 2012
Proview Technology, the Chinese company embroiled in a legal battle with Apple Inc over the iPad name, said on Wednesday that customs authorities had told it…
15 Feb 2012
Kellogg Co said on Wednesday it will buy the Pringles business from Procter & Gamble Co for $2.7 billion in cash, as it aims to build its position in the global...
15 Feb 2012
A U.S. judge ordered a British hedge fund firm and its chief executive to pay $76.8 million (48.9 million pounds) following a trial on...
15 Feb 2012
Network equipment maker Cisco Systems Inc has challenged the European Commission's approval of Microsoft Corp's acquisition of Internet voice and video service Skype...
15 Feb 2012
Morgan Stanley was left holding a 7 percent stake in Denmark's TDC, or nearly half the total amount that it had tried to sell to institutions earlier this week...
15 Feb 2012
Talks on Alibaba buying back Yahoo’s stake in the Chinese e-commerce giant seem to have faltered. Valuation, structure and financing appear to be the key roadblocks...
15 Feb 2012
Sumitomo Mitsui Financial Group said it has been fielding lots of asset offers, about $100 billion worth since early last year, but attractive deals are few...
15 Feb 2012
The Federal Reserve approved Capital One Financial Corp's bid to acquire ING Groep NV's U.S. online banking unit in the biggest U.S. bank deal since...
15 Feb 2012
The newspaper named the analyst as Henry King and said his activities focused on the flow of information from Taiwan to U.S. investors about the supply chain for personal-computer parts makers from Taiwan...
14 Feb 2012
Google Inc won unconditional EU regulatory approval on Monday for its planned $12.5 billion purchase of mobile handset maker Motorola Mobility...
14 Feb 2012
Talks between Yahoo Inc and China's Alibaba over the U.S. internet giant's Asian assets have hit an impasse, throwing their plans for a $17 billion tax-free asset swap...
14 Feb 2012
Goldman Sachs is the front-runner in an auction to buy the Colombian coal assets of Brazil's Vale, attempting to achieve strategic port access, while Glencore...
14 Feb 2012
Industrial conglomerate Emerson Electric Co expects to step up both acquisitions and divestitures in the next four years and will increase investments in...
14 Feb 2012
How many banks does it take to put together a friendly, all-share merger – and one that’s been on the cards for years anyway? If the companies are Glencore and Xstrata...
14 Feb 2012
Wall Street and business lobbying groups are sending a not-so-subtle message to U.S. financial regulators writing the so-called Volcker rule: slow down or...
14 Feb 2012
Billionaire investor Carl Icahn urged CVR Energy to put itself up for sale, saying the crude oil refiner and fertilizer maker's share price does not reflect...
14 Feb 2012
Biogen Idec Inc has struck a deal to acquire Stromedix Inc, a privately held company developing treatments for fibrosis and organ failure, for $75 million...
14 Feb 2012
Energy Conversion Devices Inc., which makes lightweight solar products, filed for bankruptcy protection on Tuesday after months of discussions...
14 Feb 2012
For years, Craig McCann played a prominent role as a top expert witness, his testimony helping to win millions of dollars for investors who sued financial companies...
14 Feb 2012
When it comes to hiring top commodity traders, what goes around comes around. Wall Street, after years of poaching the best and brightest from...
14 Feb 2012
(Reuters) Venture capital investment rose to a four-year high in Canada in 2011, driven by broad bets on innovation sectors but dominated by activity in information technology, the Canadian Venture Capital and Private Equity Association (CVCA) said on Tuesday.
14 Feb 2012
Boeing said Lion Air, Indonesia's largest carrier by passenger volume, has ordered 230 airplanes, including 201 737 MAXs and 29 next-generation 737-900 ERs...
14 Feb 2012
The world's first yuan-denominated gold exchange-traded fund (ETF) made a weak debut on the Hong Kong stock exchange on Tuesday, but analysts said demand would likely pick up as investors became more familiar with the product...
14 Feb 2012
In comments ahead of a China-EU summit starting on Tuesday, Lou Jiwei, chairman of China Investment Corp (CIC), said any fresh injection of funds into…
13 Feb 2012
Judge rejects BP shareholders' common-law fraud claims
13 Feb 2012
Canada's central bank chief and finance minister sent letters to their U.S. counterparts expressing concerns about the proposed Volcker Rule...
13 Feb 2012
Chesapeake Energy Corp said it will sell $10 billion to $12 billion in assets as decade-low natural gas prices force the company to raise cash to cover a shortfall...
13 Feb 2012
Financial market regulators, months behind in writing rules to implement the Dodd-Frank reforms and under pressure to probe the collapse of broker MF Global more vigorously...
13 Feb 2012
Federal prosecutors are investigating a draft internal report from 2005 by Avon Products Inc that flagged concern about the cosmetics seller's compliance...
13 Feb 2012
For the second time in less than a year, the Securities and Exchange Commission has pressed bailed-out insurer American International Group to provide...
13 Feb 2012
Wynn Resorts Inc said the U.S. securities regulators launched an informal inquiry into the casino company's $135 million donation to the University of Macau...
13 Feb 2012
Facebook diminishes shareholder rights with its dual-class share structure and limits the accountability of its board of directors to investors...
13 Feb 2012
A near $30 billion bid for Shire could emerge as the stand-out deal in the European pharmaceutical universe this year, a highlight for bankers...
13 Feb 2012
General Mills Inc agreed to buy Brazilian food company Yoki for 2 billion reais, in a move marking its return to Latin America's largest consumer market...
13 Feb 2012
Pharmacy benefit managers Express Scripts Inc and Medco Health Solutions Inc have supplied more information requested by U.S. antitrust regulators...
13 Feb 2012
The United States is coming to be seen as a global threat, acting unilaterally with aggressive new market rules that critics say will hurt U.S. firms...
13 Feb 2012
The U.S. Securities and Exchange Commission has launched an inquiry into how the private equity industry values its investments, how those investments...
13 Feb 2012
EQT Midstream Partners, a midstream vehicle formed by EQT Corp, filed with U.S. regulators to raise up to $250 million in an initial public offering of common units...
13 Feb 2012
Empire State Realty Trust, the real estate investment trust that owns New York landmark Empire State Building, filed for an initial public offering of...
13 Feb 2012
British Airways owner IAG has asked EU competition regulators to clear its takeover of Lufthansa's British unit bmi, the European Commission said on Monday...
12 Feb 2012
U.S. Prudential, the No.2 U.S. life insurer, has hired Bank of America Merrill Lynch, to advise on its possible bid for ING's Asian insurance operations...
12 Feb 2012
China has instructed its banks to embark on a huge roll-over of loans to local governments, the Financial Times reported, aiming to give itself more time to deal with a debt hangover from the global financial crisis...
10 Feb 2012
Chemical maker DuPont has started the auction of its car paint business, which could bring in more than $4 billion and has drawn early interest from...
10 Feb 2012
International Paper Co has won U.S. antitrust approval to buy rival Temple-Inland Inc for $3.7 billion on the condition it divests three corrugated packaging mills...
10 Feb 2012
CME Group Inc's super-sized board of directors is about to go on a diet, but the results are going to take a while to show...
10 Feb 2012
Wynn Resorts Ltd, the $15 billion gaming empire of Las Vegas tycoon Steve Wynn, may be forced to give its biggest shareholder access to its financial papers...
10 Feb 2012
Fidelity Worldwide Investment, a leading shareholder in both mining company Xstrata and Glencore has said it supports the proposed merger...
10 Feb 2012
Brazil's once-hyped market for initial public offerings may not recover as swiftly as some bankers have been expecting, as an unpredictable economy...
10 Feb 2012
Mercer's C$1.30 a share offer represents a 15 percent premium to Fibrek's Thursday close and will give the company access to three mills with a combined...
10 Feb 2012
Lehman Brothers Holdings Inc has sued Citigroup Inc to recover $2.5 billion transferred in the months leading up to Lehman's historic collapse...
10 Feb 2012
Quicksilver Production Partners, formed last year by Quicksilver Resources Inc to acquire oil and gas properties in North America, filed with U.S. regulators...
10 Feb 2012
Bankers are dusting off pitches for long-expected deals as a flurry of company bids worth over $50 billion in the last few weeks sparks hope that...
10 Feb 2012
British life insurer Phoenix has ended talks on a takeover by private equity company CVC Capital Partners due to differences over the price...
10 Feb 2012
If anyone can pull off the labyrinthine deal between Alibaba Group and Yahoo Inc , it's Jack Ma, who founded the e-commerce group and within a decade unlocked China's huge online shopping potential...
9 Feb 2012
Chinese e-commerce company Alibaba Group plans to take its Hong Kong-listed unit private, two sources familiar with the matter said, and is working with Yahoo <YHOO.O> on an asset-swap deal that may result in Yahoo owning a direct stake in one of Alibaba Group's operating businesses...
9 Feb 2012
On Tuesday, the California State Teachers’ Retirement System (CalSTRS), the second-largest pension fund in the United States, wrote to Facebook...
9 Feb 2012
A new crop of companies entering the U.S. public markets, including such high-profile offerings as Facebook, are turning the clock back on the way U.S. corporations...
9 Feb 2012
Firms have had it with corporations attempting to curtail shareholder rights. Two firms have teamed up with Klausner, Kaufman, Jensen & Levinson to file...
9 Feb 2012
U.S. market regulators charged a former employee of Takeda Pharmaceutical Co Ltd <4502.T> with making $63,000 in illegal profits on inside information about the company's 2008 agreement to acquire Millennium Pharmaceuticals Inc...
9 Feb 2012
U.S. banking regulators are using the agreement announced on Thursday between large U.S. banks and state and federal agencies over foreclosure abuses as...
9 Feb 2012
Xstrata Chief Executive Mick Davis is facing growing pressure from shareholders to secure a better deal in the miner's $41 billion (25 billion pounds) takeover...
9 Feb 2012
Oracle Corp said it will buy web-based recruitment software maker Taleo Corp for about $1.9 billion to expand its line of cloud computing products, one of...
9 Feb 2012
ING has decided to split the sale of its Asian insurance business by auctioning its investment management business separately, in a move that allows...
9 Feb 2012
The French government and state bank Caisse des Depots et Consignations (CDC) will each take a stake of roughly 32 percent in the municipal finance unit of...
9 Feb 2012
Plans to improve the European Union's record on energy saving risk stalling over hundreds of highly technical amendments, including one that could be good for Germany and its giant utilities, but bad for poorer nations...
9 Feb 2012
U.S. prosecutors expanded a criminal case over the alleged theft of industrial secrets from chemical giant DuPont, securing an indictment against a Chinese...
9 Feb 2012
Chinese cable TV operator Jishi Media Co Ltd will raise up to 1.96 billion yuan ($311 million) in its Shanghai initial public offering…
8 Feb 2012
The excitement generated by Facebook's IPO filing rubbed off on companies listing on U.S. stock exchanges on Wednesday, with four of them seeing...
8 Feb 2012
Hedge funds are buzzing around Glencore's bumper $41 billion (25 billion pound) takeover of miner Xstrata after a lean year for European M&A, but are finding...
8 Feb 2012
Wall Street has been lashing out against the Volcker rule since it was proposed, but a senior Goldman Sachs executive said on Wednesday the trading restriction might actually...
8 Feb 2012
Germany's Deutsche Bank will defer any part of an employee's bonus above 200,000 euros ($264,800) this year, a source close to the bank said, making...
8 Feb 2012
Ally Financial Inc's mortgage unit Residential Capital LLC is speaking with private equity firms regarding selling itself to them through a pre-packaged bankruptcy...
8 Feb 2012
Swiss drugmaker Roche is digging in for a long fight after gene sequencing company Illumina rejected its $5.7 billion (3.5 billion pounds) hostile takeover bid as...
8 Feb 2012
British Airways and Japan Airlines (JAL) have agreed a revenue-sharing deal for flights between Europe and Japan, potentially giving their oneworld alliance more competitive muscle...
8 Feb 2012
Mexican plastic pipe maker Mexichem is to buy Dutch peer Wavin for 531 million euros ($703 million) after raising its offer for a third time and winning support from the company to create a global leader...
7 Feb 2012
William Baer, nominated to run the Justice Department's antitrust division, could prove to be a better listener than his predecessors. Though no soft touch,...
7 Feb 2012
Swiss banking software firm Temenos and larger UK rival Misys said on Tuesday they had agreed to a number of key terms on a possible all-share merger that...
7 Feb 2012
What sounds like a gambling tragedy is the perplexing, yet true, story of the leveraged buyout of Caesars Entertainment - formerly Harrah’s Entertainment - by TPG and Apollo...
7 Feb 2012
Goldman Sachs Asset Management, the asset management arm of Goldman Sachs is buying $42 billion Dwight Asset Management Company LLC from Old Mutual Asset Management...
7 Feb 2012
The SEC looks to minimize any losses for shareholders of the money funds, which invest in short-term debt instruments. At least three of five SEC commissioners would need to approve the proposals to submit them for public comment, the newspaper said...
7 Feb 2012
China has tightened the qualifying criteria for firms wanting to audit listed companies, to protect investor interests, according to new regulations published on Monday…
7 Feb 2012
Sovereign wealth fund China Investment Corp (CIC) and state refiner Sinopec are among the three cornerstone investors to pledge $350 million toward...
7 Feb 2012
Swiss food group Nestle is in pole position to buy Pfizer's $10 billion Wyeth infant nutrition business in a two-horse race with French rival Danone and so boost...
7 Feb 2012
Beyond the reach of regulators, and about half the size of the world's banking industry, a thriving breed of "shadow banks" is emerging that could trigger...
7 Feb 2012
Two top 10 shareholders in miner Xstrata said on Tuesday they would vote against a takeover by commodities trader Glencore, threatening the industry's biggest deal to create a powerhouse spanning mining, agriculture and trading...
6 Feb 2012
America’s largest title insurer, the $4 billion Fidelity National Financial, is buying O’Charley’s, an owner of U.S. steak joints. Not only is it a deal ripe for bad jokes...
6 Feb 2012
A U.S. law protecting whistleblowers at publicly traded companies does not cover employees of mutual funds, a federal appeals court ruled...
6 Feb 2012
Investors suing Bank of America Corp won class-action status for their lawsuit accusing the bank of fraudulently misleading them about the 2008 takeover of Merrill Lynch & Co...
6 Feb 2012
MillerCoors, the second-largest brewer in the United States, has bought the nation's No.3 cider maker Crispin to tap into the drink's rapid growth across America...
6 Feb 2012
Lazard missed expectations for earnings because of how it handles deferred bonuses. The matter is becoming a complex calculation that investment banks could use...
6 Feb 2012
Law firm Skadden Arps has hired two top lawyers from rival Shearman & Sterling to spearhead the company's expansion of its European financial services practice...
6 Feb 2012
The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with...
6 Feb 2012
Julius Baer is prepared to pay a fine to escape an escalating U.S. crackdown on offshore bank accounts after last week's indictment of smaller rival Wegelin...
6 Feb 2012
Global Aviation Holdings Inc, the largest commercial provider of charter air transportation for the U.S. military, filed for Chapter 11 bankruptcy to achieve...
6 Feb 2012
Tesco plc, Britain's biggest retailer, started pre-marketing on Monday for an initial public share offer (IPO) to raise about $500 (317.36 pound) by bundling...
6 Feb 2012
Mid-tier British-based law firms Pinsent Masons and McGrigors have agreed to merge following a partner vote, the companies said in a statement...
6 Feb 2012
The U.S. Securities and Exchange Commission is about to learn just how big the private fund industry really is. Then it will take on a new mission: Figuring out where the risks...
6 Feb 2012
Mergers and acquisitions in the Middle East and North Africa rose slightly in 2011, but the combined value of deals fell by more than a quarter as slower economic growth...
6 Feb 2012
Goldman argues its MBS investors were sophisticated purchasers who made highly-informed decisions, but judge draws a distinction between...
6 Feb 2012
Top executives at Glencore and Xstrata are hammering out the final details of a proposed $80 billion merger, including the premium on offer by the...
6 Feb 2012
Vodafone, the world's largest mobile operator, has abandoned plans to merge its operations in Greece with Wind Hellas, potentially putting its long-term future in one of its most difficult markets in doubt...
6 Feb 2012
The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business...
5 Feb 2012
Global private equity fund TPG Capital said on Monday that it has secured 4 billion yuan ($635 million) in commitments and has held a first close on its two China investment funds launched in August 2010...
3 Feb 2012
The Securities and Exchange Commission on Friday named Jeanette Franzel, managing director of the U.S. Government Accountability Office, to the board...
3 Feb 2012
The U.S. Securities and Exchange Commission is about to learn just how big the private fund industry really is. Then it will take on a new mission: Figuring out...
3 Feb 2012
The possible $90 billion merger of Glencore and Xstrata looks like a governance disaster waiting to happen. The miners are considering keeping both...
3 Feb 2012
Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering...
3 Feb 2012
Carlyle Group LP, a private equity firm that has filed for an initial public offering, said it would drop a requirement that stockholders agree to resolve...
3 Feb 2012
PLUS Markets, the British stock exchange for small companies, has put itself up for sale after concluding it needed more financial backing to take advantage of opportunities thrown up by forthcoming regulatory and technological changes.
3 Feb 2012
New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database...
3 Feb 2012
A 2007 securities-fraud class action lawsuit brought by shareholders against Motorola Solutions reached a $200 million settlement, court records show...
3 Feb 2012
Four floors up overlooking the bustle of the cavernous Joy City Mall in Beijing, diners take a break from shopping to slurp noodles and nibble on dumplings at an Ajisen restaurant...
3 Feb 2012
Hitachi Ltd said on Friday that it would reorganise its operational structure in April by setting up five new groups, as it looks to accelerate growth in its social infrastructure business...
3 Feb 2012
It's the year's hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients...
3 Feb 2012
BB&T Corp agreed to buy the life and property and casualty insurance division of Crump Group Inc for $570 million in cash, a deal that will double...
3 Feb 2012
Glencore's earlier-than-expected move on mining group Xstrata could indicate that mining company valuations have reached a bottom, getting bankers excited...
3 Feb 2012
Switzerland is investigating 12 U.S., European and Japanese banks suspected of conspiring to manipulate interbank lending rates used to set interest rates...
3 Feb 2012
An $80 billion marriage of commodities trader Glencore and miner Xstrata could lead to a new round of takeovers in iron ore, creating a goliath eager to...
3 Feb 2012
Hong Kong's Hutchison 3G will buy Orange Austria from France Telecom and a private equity fund in a deal valued at 1.3 billion euros...
3 Feb 2012
Are you a securities class-action lawyer who wants to sue a foreign company, but you've been bumped out of the United States by a certain 2011 Supreme Court ruling...
3 Feb 2012
(Reuters) Leading Turkish mobile phone company Turkcell said on Friday it had launched lawsuits seeking compensation over the award of an Iranian cellular licence to Africa's largest telecom group MTN Group .
3 Feb 2012
Britain's Financial Services Authority (FSA) regulator has started a formal enforcement probe against Swiss bank UBS over last year's $2 billion (1 billion pounds) trading loss at UBS's London arm...
3 Feb 2012
Switzerland said on Friday it was investigating 12 U.S., European and Japanese banks suspected of conspiring to manipulate interbank lending rates used to set interest rates on hundreds of trillions of dollars of securities...
2 Feb 2012
Buried on page 93 of Facebook's Securities and Exchange Commission registration for its $5 billion initial public offering is a very interesting disclosure...
2 Feb 2012
JPMorgan Chase & Co has agreed to drop almost all of a $710 million claim against Lehman Brothers Holdings Inc's bankruptcy estate, freeing up more money...
2 Feb 2012
Shareholder group Ethos called for Novartis investors to vote against re-electing board members who were among those deciding on the pay awarded to the Swiss drugmaker's chairman, Daniel Vasella.
2 Feb 2012
Competition watchdogs are stifling those companies still braving economic uncertainty to attempt mergers and acquisitions, say bankers and lawyers who claim the burden of bureaucracy has intensified with the financial crisis...
2 Feb 2012
A merger of Glencore and Xstrata might sound like a natural. The two companies are about the same size, are in roughly the same businesses and...
2 Feb 2012
The Deutsche Boerse-NYSE Euronext deal fell apart because its opponents fought a clever campaign and officials in Berlin and Brussels found the U.S. style...
2 Feb 2012
The European Union's markets watchdog launched a free online database on Thursday for investors to compare credit ratings from rival agencies...
2 Feb 2012
Britain's Financial Services Authority, due to be replaced in 2013 after heavy criticism during the credit crisis, said the firms it regulates will have to pay...
2 Feb 2012
Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise...
2 Feb 2012
Glencore International is nearing an agreement to combine with Xstrata in a deal that may value the combined entity at 52 billion pounds ($82.46 billion), Bloomberg said...
2 Feb 2012
China Investment Corp (CIC) has acquired a minority stake in Washington-based asset manager EIG Global Energy Partners, the latest energy-related investment...
2 Feb 2012
Coryton has attracted more than 40 interested parties following the insolvency of its owner, Swiss refining group Petroplus, and some of them...
2 Feb 2012
China Investment Corp (CIC) has acquired a minority stake in Washington-based EIG Global Energy Partners, EIG said in a statement...
2 Feb 2012
American investment bank Jefferies Group Inc has snapped up historic British stockbroker Hoare Govett from Royal Bank of Scotland, building on its aggressive expansion in the London marketplace in the past three years...
2 Feb 2012
India's debt-laden Kingfisher Airlines has paid tax dues of about 270 million rupees ($5.48 million) until January, the chief of the country's customs and excise department said on Thursday...
2 Feb 2012
As Facebook hurtles toward one of the largest initial public offerings in U.S. history, its honeymoon with investors may already be over...
2 Feb 2012
(Reuters) Miner Xstrata is in talks with Glencore over an all-share merger of equals, it said on Thursday, confirming reports of a deal that could create a combined mining and trading group worth more than 50 billion pounds ($79 billion).
2 Feb 2012
The list, published on the watchdog's website late on Wednesday, included more than 500 companies, such as state-owned giant China Postal Express &…
1 Feb 2012
The judge overseeing MF Global Holdings Ltd's bankruptcy rejected requests by some former customers to convert the case to a Chapter 7 liquidation or...
1 Feb 2012
Eastman Kodak Co has asked the U.S. bankruptcy court to void an estimated $4 million-a-year contract to have its name on the Hollywood theater...
1 Feb 2012
(Reuters) The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Wednesday...
1 Feb 2012
California, New York and Washington will require insurers to disclose how climate change may affect their businesses, effectively forcing most of the industry to address the issue...
1 Feb 2012
A federal judge signaled he will approve a U.S. Securities and Exchange Commission settlement of fraud charges against stereo headphone maker Koss Corp...
1 Feb 2012
The head of the Commodity Futures Trading Commission has ordered an extensive review of how futures brokerages are regulated, following the collapse of MF Global...
1 Feb 2012
MF Global's former chief risk officer plans to tell Congress that he rang alarm bells about the firm's exposure to European sovereign debt a year before the firm collapsed...
1 Feb 2012
Bank of America Corp's Merrill Lynch unit must pay nearly $1.4 million in damages to a wealthy investor who alleged that collateralized debt obligations...
1 Feb 2012
An advisory committee urged U.S. securities regulators on Wednesday to relax outdated rules that trigger public financial reporting for companies...
1 Feb 2012
The Benetton dynasty will buy out minority investors for 4.60 euros per share in a tender designed to delist the Italian clothing retail group which...
1 Feb 2012
Antitrust concerns have swirled around Google for years. Now, changes to its data-sharing policies are causing added alarm among lawmakers...
1 Feb 2012
As it prepares for one of the biggest IPOs ever, Facebook is coming under the same fierce attacks being waged against other big technology companies...
1 Feb 2012
The main watchdog over U.S. auditors has named a former World Trade Organization lawyer to head its international affairs office as it steps up efforts...
1 Feb 2012
Two buyout houses have placed bids for British frozen food retailer Iceland Foods, people familiar with the matter said, in an auction that the vendors hope...
1 Feb 2012
(Reuters) United Retail Group Inc, which operates 433 Avenue stores that sell plus-size women's apparel, on Wednesday filed for bankruptcy protection...
1 Feb 2012
Financial industry observers are increasingly skeptical that the Securities and Exchange Commission's planned proposal to require a uniform fiduciary standard...
1 Feb 2012
Vivendi SA has won the dismissal of much of what remained in a nearly decade-old U.S. lawsuit accusing the French media company of misleading...
1 Feb 2012
U.S. buyout firm TPG Capital agreed a 508 million pound ($802 million) takeover of hedge fund administrator GlobeOp as the first step in building...
1 Feb 2012
A New York appeals court on Tuesday adopted a standard for electronic document preservation, declaring that a party must take steps to preserve...
1 Feb 2012
Ailing solar company Q-Cells said it agreed a deal in principle with major bondholders to restructure its three convertible bonds, a move that could...
1 Feb 2012
European Union regulators have blocked the merger of exchange operators Deutsche Boerse and NYSE Euronext to avoid giving them a stranglehold...
1 Feb 2012
British bank Lloyds , part state-owned, has streamlined its management structure to help take pressure off its chief executive, who recently had two months off work due to fatigue...
1 Feb 2012
Finnish paper maker UPM-Kymmene is selling its paper packaging business to Sweden's Billerud for 130 million euros ($170 million) as part of its drive to reduce capacity and improve profitability...
1 Feb 2012
The Commodity Futures Trading Commission, the regulator leading the investigation, traced nearly all the money to banks, MF Global's trading partners and the firm's securities customers. The Commission, however, is unsure whether the money can be retrieved, the paper said...