NEWS
August 2012
31 Aug 2012
Citigroup Inc has agreed to change some of its home equity lending practices and let borrowers whose credit lines were suspended or cut to challenge its actions or recover some fees...
31 Aug 2012
The U.S. Supreme Court on Friday agreed to consider the constitutionality of a legal tactic that can make it harder for companies to defend against class-action lawsuits...
31 Aug 2012
Oil sands company Athabasca Oil Corp said it signed a letter of intent for a joint venture involving its Hangingstone and Birch properties in northern Alberta...
31 Aug 2012
Three former UBS executives were found guilty on Friday of conspiring to deceive U.S. cities and towns by operating a scheme to rig bids to invest municipal bond proceeds...
31 Aug 2012
Having built a fortune on risky bets, Ivan Glasenberg will be taking another gutsy gamble if he decides to leave Glencore's bid for Xstrata unchanged, shelving the deal for now...
31 Aug 2012
Complaints by customers of Barclays Plc have soared due to a near four-fold increase related to the mis-selling of insurance products, the British bank said...
31 Aug 2012
European stocks rose on Friday, reversing a big portion of the losses suffered in the past three days, helped along by comments from an ECB official that rekindled expectations of action from the central bank to fight the debt crisis...
31 Aug 2012
Spain's Banco Santander said on Friday take-up for its offer to repurchase subordinated debt had fallen short of its upper target and that it had bought back debt with discounts...
31 Aug 2012
Shandong Heavy Industry Group will buy a one quarter stake in Kion Group giving China access to industrial technology from the world's number two fork lift truck maker...
31 Aug 2012
India's Supreme Court has struck a blow for the little man. Judges have ordered the conglomerate to refund more than $3 billion it had raised from millions of small investors. Add in 15 percent interest, and the bill could be as high as $5 billion. The question is how the sponsor of India's cricket team and owner of New York's Plaza hotel will comply with the ruling...
31 Aug 2012
As American International Group becomes free next week to sell a $7.6 billion stake in former unit AIA, deal-starved bankers in Hong Kong are jostling for a role in what may be Asia-Pacific's biggest stock market event of the year...
31 Aug 2012
Korean Air Lines Co was the sole preliminary bidder for an estimated 1.2 trillion won stake in aircraft maker Korea Aerospace Industries, KAI's largest shareholder Korea Finance Corp...
31 Aug 2012
Otkritie Financial Corporation said on Friday it plans to consolidate up to 100 percent in Nomos bank over the coming two years, increasing its holding from just under 20 percent...
31 Aug 2012
China's indentured banks are at a turning point. For six decades, the government has treated them as tools of the state: dictating when to lend, and when to stop...
31 Aug 2012
The fallout from a nearly $6 billion trading loss at JPMorgan Chase & Co looks like it will haunt the big U.S. bank and its high-profile chief executive, Jamie Dimon, for months to come...
30 Aug 2012
Chelsea Football Club owner Roman Abramovich will find out on Friday whether he owes his former partner Boris Berezovsky as much as $6 billion after a British court battle that has laid bare the post-Soviet carve-up of Russia's vast natural resources...
30 Aug 2012
It's hard for a deal addict to go cold turkey. Eric Gleacher, a veteran of the landmark RJR Nabisco and Revlon buyouts, is mulling a sale of his eponymous advisory firm – again...
30 Aug 2012
DuPont Co struck a deal to sell its slow-growing car paint business to investment firm Carlyle Group LP for $4.9 billion cash as it seeks to focus on higher-growth areas such as agriculture...
30 Aug 2012
After initially criticizing Nasdaq OMX Group for its response to Facebook's botched initial public offering, trading firm Knight Capital Group Inc said it accepted the exchange's latest plan...
30 Aug 2012
British bank Barclays Plc said its trading in August was ahead of a year ago, but estimated its core capital ratio would dip by more than 2 percentage points under tougher capital rules...
30 Aug 2012
Volkswagen is concerned about a possible unauthorized use of some of its patents by Chinese joint venture partner FAW and will protect its patents rigorously, chief executive Martin Winterkorn told Handelsblatt...
30 Aug 2012
Wall Street banks that helped Fannie Mae sell stock won the dismissal of shareholder lawsuits accusing them of fraud or negligence for misleading them about the mortgage financier's...
30 Aug 2012
An independent antitrust group urged U.S. regulators on Thursday to stop Universal Music Group's plan to buy EMI Music's labels for $1.9 billion because it says...
30 Aug 2012
Taylor & Martin Group Inc, which helps companies cash their excess inventory and assets, filed with U.S. regulators on Thursday to raise up to $172.5 million...
30 Aug 2012
Reinsurer Validus Holdings Ltd said it will buy Flagstone Reinsurance Holdings for about $600 million in cash and stock to boost its property reinsurance business...
30 Aug 2012
A successful Italian bond auction on Thursday pointed to confidence among investors that the European Central Bank will keep its word and take measures dramatic enough to get a grip...
30 Aug 2012
Qatar could turn cold on Barclays. The sovereign fund isn't publicity shy, but a probe by the UK's Serious Fraud Office into its financial links with the British bank has forced it into...
30 Aug 2012
Europe's biggest engineering conglomerate Siemens launched a four-pronged bond market attack on Thursday as it moves to fund a EUR3bn share buy-back announced in early August...
30 Aug 2012
China is prepared to buy more EU government bonds amid a worsening European debt crisis that is dragging on the world economy, Premier Wen Jiabao said, in the strongest sign of support for its biggest trading partner in months...
30 Aug 2012
Tax-efficient schemes for the wealthy started to pay their way at Swiss insurer Baloise as the company reported a near-8 percent increase in first-half profit on Thursday...
30 Aug 2012
China's outbound direct investment rose 8.5 percent to $74.7 billion in 2011, slowing from the year before, government data showed on Thursday, but extending a decade-long expansion streak as domestic firms are officially encouraged to venture abroad...
30 Aug 2012
China Baoxin Auto Group Ltd has agreed to buy NCGA Holdings Ltd, a high-end car dealership based in Beijing and backed by global asset manager Apollo Group, for $305 million...
29 Aug 2012
China launched a programme on Thursday that would allow selected brokerages to borrow money and onlend it to clients for margin trading, potentially injecting an estimated 10 billion yuan ($1.6 billion) of fresh liquidity into China's sluggish stock markets...
29 Aug 2012
Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming...
29 Aug 2012
U.S. securities regulators voted 4-1 on Wednesday to propose lifting a long-standing ban on general advertising for private securities offerings, a measure that some say will spur economic...
29 Aug 2012
Despite some dissent in Prime Minister Stephen Harper's cabinet, the odds look favorable for China's state-owned CNOOC Ltd's $15.1 billion bid to take over Nexen Inc, the Canadian oil producer...
29 Aug 2012
A Chinese-born software engineer convicted of stealing trade secrets from Motorola was sentenced on Wednesday to four years in federal prison, according to the office of the U.S. Attorney in Chicago...
29 Aug 2012
Japan's Daikin Industries Ltd, the world's second-largest maker of air conditioners, has agreed to buy U.S. rival Goodman Global Inc from private equity firm Hellman & Friedman in a deal worth...
29 Aug 2012
Manulife Financial Corp, Canada's largest life insurer, said on Wednesday it acquired th e mutual fund dealership of fi nancial planning firm Wellington West Financial Services from National Bank...
29 Aug 2012
Canada's top securities regulator said on Wednesday it has permanently ceased trading in shares of Zungui Haixi Corp, and announced penalties for two people associated with the Chinese...
29 Aug 2012
Creditors of insolvent German solar company Q-Cells have approved a takeover offer by South Korean group Hanwha, a bid that was challenged earlier this week by Spanish firm Isofoton...
29 Aug 2012
Thai Beverage raised its stake in Fraser and Neave (F&N) to just below the level that would trigger a mandatory offer for the whole conglomerate, further challenging Heineken's bid for the...
29 Aug 2012
Cash-rich funds eager to invest in distressed loans are looking at ways to overcome the unwillingness of European banks to sell at a loss, such as by offering to underwrite the risks now to share...
29 Aug 2012
The market is giving up on a Glencore-Xstrata deal. A single Xstrata share was worth just 2.49 Glencore shares in early London trading on Aug. 29, after the Financial Times reported...
29 Aug 2012
Banks are urging U.S. authorities to broaden a little-noticed exemption in the Volcker rule's trading curb that critics say could blind regulators to the next version of the JPMorgan Chase...
29 Aug 2012
EU antitrust regulators stepped up their investigation into Ryanair's 700-million-euro ($879.65 million) takeover bid for Aer Lingus, flagging concerns that the proposal may eliminate competition on a number of routes in Europe.
29 Aug 2012
Shareholders in Canada's Progress Energy Resources Corp have approved a takeover bid from Malaysia's state oil company Petronas at C$22.00 a share, or near C$6 billion...
29 Aug 2012
Market regulators from Australia to Singapore have asked their U.S. counterparts to review proposed rules on derivatives trading, pointing out the potential for conflict with domestic rules...
29 Aug 2012
Pizza delivery firm Domino's Pizza UK said it planned to expand further into Europe, acquiring 12 Swiss stores and an option for the Austrian franchise rights...
29 Aug 2012
Banks are urging U.S. authorities to broaden a little-noticed exemption in the Volcker rule's trading curb that critics say could blind regulators to the next version of the JPMorgan Chase & Co Whale trade...
29 Aug 2012
European private equity firm Permira has raised $750 million by selling around half of its stake in Macau casino operator Galaxy Entertainment Group Ltd, two sources with direct...
29 Aug 2012
British oil company BP Plc is looking to sell an inaugural Australian dollar bond issue in a rare "kangaroo" offer, bringing a fresh industrial face to a market crowded with financial and sovereign borrowers...
28 Aug 2012
ING is exploring a separate sale of its roughly $1 billion Hong Kong insurance business, sources said, a move that could further complicate the auction of its Asian operations...
28 Aug 2012
A federal bankruptcy judge on Tuesday rejected Residential Capital LLC's proposal to pay as much as $7 million worth of incentive bonuses to 17 senior executives, saying the payout was...
28 Aug 2012
Morgan Stanley and Citigroup Inc have agreed to give an arbitrator additional time to evaluate the price tag for their Morgan Stanley Smith Barney brokerage joint venture, the banks said...
28 Aug 2012
Kazuo Okada, the Japanese billionaire embroiled in a legal fistfight with former partner and chairman of Wynn Resorts <WYNN.O>, Steve Wynn, on Tuesday filed a defamation lawsuit in Japan against...
28 Aug 2012
The U.S. Securities and Exchange Commission is investigating Ally Financial mortgage unit Residential Capital for possible misconduct in its loan origination and underwriting practices...
28 Aug 2012
U.S. investment bank Cantor Fitzgerald said on Tuesday it is taking over the sales and trading, research, and investment banking businesses of Canadian investment dealer Versant Partners...
28 Aug 2012
Financial services company Knight Capital Group Inc said on Tuesday that it had appointed three new board members, including the chief executive officer of TD Ameritrade Holding Corp...
28 Aug 2012
David's Bridal Inc will be sold to private equity firm Clayton, Dubilier & Rice in a deal that values the wedding dress retailer at $1.05 billion, Clayton, Dubilier said on Tuesday...
28 Aug 2012
The U.S. government is opposing the effort by Dynegy Inc and its Dynegy Holdings LLC unit to emerge from Chapter 11 bankruptcy, saying their reorganization plan may improperly limit...
28 Aug 2012
Fresenius is trying to persuade reluctant members of the supervisory board of target Rhoen-Klinikum to step down, in what could be the main obstacle to a new takeover approach...
28 Aug 2012
A special court in Dubai on Tuesday formally approved the $2.2 billion restructuring of shipbuilding unit Drydocks World, thereby making the complex debt deal effective...
28 Aug 2012
Private equity firm Blackstone Group and Taiwan's Wei family, the founders of instant noodle and MSG maker Ting Hsin International Group, are seeking to raise $282 million in five-year debt to back...
28 Aug 2012
Citigroup Inc has agreed to pay nearly $25 million to settle a lawsuit by investors who said they were misled about the quality of mortgage-backed securities they bought just before the U.S...
28 Aug 2012
D.E Master Blenders 1753, the Dutch firm behind the Douwe Egberts coffee brand, said it had not found any further material problems at its Brazilian business after it had to restate profits because of fraud and tax issues at the unit...
28 Aug 2012
Malaysia's IGB Real Estate Investment Trust has set a tight price range for the institutional tranche of its up to $266 million IPO, according to a term sheet...
28 Aug 2012
New York's Attorney General issued subpoenas in July to three firms that make energy drinks, including PepsiCo Inc, seeking information on the companies' marketing and advertising practices, the Wall Street Journal said, citing a person familiar with the matter...
28 Aug 2012
Australian bulk grain handler GrainCorp said on Tuesday it plans to buy two food oil businesses for a combined A$472 million ($490 million) to create the country's largest edible oil processor...
28 Aug 2012
Hong Kong's securities regulator took Ernst & Young to court after the audit giant failed to turn over accounting records related to a China-based company...
27 Aug 2012
Hertz Global Holdings, the No. 2. U.S. car rental company, said it will buy smaller rival Dollar Thrifty Automotive Group for about $2.3 billion, ending more than two years of on-off...
27 Aug 2012
M&T Bank is set to pay $3.7 billion for New Jersey rival Hudson City Bancorp. It's just the kind of acquisition dealmakers have been waiting for. But that introduces the big risk of a rival offer...
27 Aug 2012
The Delaware Supreme Court affirmed on Monday a $2 billion judgment awarded to Southern Copper Corp by a lower court that found it had overpaid to acquire a company from its...
27 Aug 2012
IBM Corp will buy Kenexa Corp for about $1.3 billion to enter the human resource software market in a move that would likely increase competition with Oracle Corp and SAP AG who recently...
27 Aug 2012
Creditors of power producer Dynegy Inc and its Dynegy Holdings LLC unit voted overwhelmingly in favor of their joint bankruptcy reorganization plan, and the companies expect to emerge...
27 Aug 2012
U.S. stock market regulator the Securities and Exchange Commission (SEC) is reviewing whether to relax rules governing what companies can say ahead of initial public offerings...
27 Aug 2012
Mexican industrial conglomerate Mexichem said on Monday it plans to raise about $2 billion to refinance existing debt and other working capital needs by issuing shares and debt as it...
27 Aug 2012
Best Buy Co Inc said on Monday it agreed to let founder Richard Schulze conduct due diligence and form an investment group with private equity sponsors as he tries to take the retailer private...
27 Aug 2012
Major swaps players will face new risk management requirements under rules finalized by the Commodity Futures Trading Commission on Monday...
27 Aug 2012
French telecoms operator Iliad has signed an accord with the European Investment Bank (EIB) to borrow 200 million euros ($250 million) to finance its rollout of high-speed broadband...
27 Aug 2012
M&T Bank Corp said it would buy Hudson City Bancorp Inc in a deal valued at $3.7 billion, expanding its franchise in the eastern United States...
27 Aug 2012
Chemicals maker TPC Group Inc has agreed to be taken private for $627.2 million by private equity firms First Reserve Corp and SK Capital Partners as prices for its main product...
27 Aug 2012
The credit quality of large loan commitments grew in 2012 for the third year in a row, boosted by bankruptcy resolutions and better borrower performance, U.S. banking regulators said...
27 Aug 2012
Enterprise software maker Deltek Inc will be bought by private equity firm Thoma Bravo LLC in an all-cash deal valued at $1.1 billion, Deltek said on Monday...
27 Aug 2012
Canadian gold explorer Inter-Citic Minerals Inc said China's Western Mining Group Co Ltd has agreed to buy it for C$250 million in cash...
27 Aug 2012
Trimble Navigation Ltd agreed to buy privately held TMW Systems Inc, which provides enterprise software to transportation and logistics companies, for $335 million in cash...
27 Aug 2012
The last time foreign funds jumped into the Japanese property market around 2006 they snapped up assets from office blocks to hotels, fuelled by highly leveraged bank loans...
27 Aug 2012
Ford Motor <F.N> and Mazda Motor Corp and their local Chinese partner Chongqing Changan Automotive Co have received approval from China's central government to split their three-way...
27 Aug 2012
Switzerland's SFS Group has agreed to buy Singapore disc drive component maker Unisteel Technology International from private equity fund KKR & Co L.P. for an undisclosed sum...
26 Aug 2012
Australian miner Sundance Resources on Monday accepted a $1.4 billion takeover offer from Hanlong Group, a fifth less than previously agreed, after the Chinese company sought a lower acquisition...
26 Aug 2012
Media mogul Barry Diller's IAC said on Sunday that its Ask.com unit has acquired information website About.com from the New York Times Company for $300 million in cash...
26 Aug 2012
Swiss private bank Julius Baer has suffered another theft of data pertaining to clients who may have taken advantage of banking secrecy to dodge taxes in Germany...
24 Aug 2012
LONDON, Aug 24 (Reuters) - Glencore's <GLEN.L> proposed $30 billion takeover of Xstrata came a step closer to collapse on Friday, as the commodities trader looked set to let slide an informal deadline for it to raise its offer and yield to rival shareholder Qatar.
24 Aug 2012
FRANKFURT/LONDON, Aug 24 (Reuters) - A hoped-for "big bang" start next year for new rules to make banks safer is set to sputter in Europe, creating more uncertainty in a sector struggling to win back investor confidence lost in the financial crisis.
24 Aug 2012
TOKYO, Aug 24 (Reuters) - Japan's Olympus Corp <7733.T> said on Friday it will sell its mobile telecom business for 53 billion yen ($676 million) to an investment fund, as the cash-strapped medical equipment and camera maker tries to rebuild from a massive accounting fraud.
24 Aug 2012
BEIJING, Aug 24 (Reuters Breakingviews) - Banks' lending is limited by their loan to deposit ratios. So they have hit on a clever trick: shift deposits on and off the balance sheet at strategic times. The window-dressing is a worrying sign that regulators are not able to keep the world's biggest banks in check.
24 Aug 2012
European private equity firm Permira said on Friday it has agreed to buy Japan's largest sushi restaurant chain, Akindo Sushiro Co Ltd, for around $1 billion including debt, in the nation's second-biggest buyout deal this year...
24 Aug 2012
Irish airline Aer Lingus on Friday renewed a call to its shareholders to reject Ryanair's latest takeover bid, saying its budget rival had failed to provide any new information on its offer...
24 Aug 2012
Samsung Electronics Co's flagship Galaxy smartphone looks very similar to Apple's iPhone, but the South Korean firm has not violated the iPhone design, a Seoul court ruled on Friday...
23 Aug 2012
MELBOURNE, Aug 24 (Reuters) - Nathan Tinkler has walked away from a $5.5 billion bid to take Australia's Whitehaven Coal <WHC.AX> private, Whitehaven said on Friday, amid speculation the electrician-turned-mining magnate was unable to line up equity for the bid.
23 Aug 2012
BOSTON/WASHINGTON, Aug 23 (Reuters) - The U.S. Treasury Department is consulting with other regulators about next steps to add protections to the $2.4 trillion money market fund industry, but faces an uphill battle after industry pressure and internal dissension defeated a reform proposal at the industry's primary regulator.
23 Aug 2012
Aug 23 (Reuters) - Amerigroup Corp <AGP.N> said the antitrust waiting period for the closing of WellPoint Inc's <WLP.N> $4.46 billion deal to buy the company was extended after the U.S. Department of Justice sought additional information from both companies.
23 Aug 2012
Hain Celestial agreed to acquire some of the top packaged grocery brands of Britain's biggest food group Premier Foods Plc for 200 million pounds ($316.07 million) in a cash and stock deal...
23 Aug 2012
Aug 23 (Reuters) - Carl Icahn believes Oshkosh Corp's <OSK.N> JLG aerial-lift business would be worth more on its own than as part of the U.S. truckmaker, but the activist investor may have a tough time convincing Wall Street.
23 Aug 2012
Cisco Systems Inc, the world's biggest network equipment maker, and EMC Corp, the leading data storage company, are increasingly encroaching on each other's turfs, in a sign...
23 Aug 2012
Public opinion and reciprocity will be important issues for Canada as it weighs whether to allow the $15 billion bid by Chinese oil company CNOOC Ltd for Nexen Inc...
23 Aug 2012
Citigroup and UBS are well suited to roast Nasdaq over its role in Facebook's botched stock market debut. The two banks are urging the Securities and Exchange Commission to reject...
23 Aug 2012
The $62 million compensation plan proposed by Nasdaq OMX Group for fallout from Facebook's botched IPO is "inadequate to address the magnitude of Nasdaq's unprecedented failures"...
23 Aug 2012
Dollar Thrifty Automotive Group Inc investors would accept a takeover offer from Hertz Global Holdings Inc that values the car rental firm at more than $87 per share, or $2.4 billion...
23 Aug 2012
Ireland raised 1 billion euros on Thursday through its first issue of sovereign bonds that stagger capital repayments, bringing to 10 billion the amount it has sliced off its post EU/IMF...
23 Aug 2012
Specialty chemicals producer Rockwood Holdings Inc agreed to buy Talison Lithium Ltd for C$724 million ($729 million) to boost its output of lithium used in batteries and smartphones...
23 Aug 2012
European sovereign, supranational and agency borrowers are being urged to bring forward syndicated funding initiatives scheduled for September because of looming headline risk...
23 Aug 2012
Spanish banking giant Banco Santander sent ripples through the bond market on Thursday after it announced it would buy back some of its subordinated and hybrid debt through an unmodified...
23 Aug 2012
British life insurer Phoenix said on Thursday it had appointed former regulatory head Howard Davies as its chairman, replacing Ron Sandler who is retiring...
23 Aug 2012
The Tokyo Stock Exchange said on Thursday it acquired a two-thirds stake in the Osaka Securities Exchange for $1.1 billion in a public tender, paving the way for a full merger next year...
23 Aug 2012
The completion of Japanese trader Marubeni Corp's purchase of U.S. grain merchant Gavilon is being delayed by at least two months as talks on ownership of an important West Coast export terminal...
22 Aug 2012
Tribune Co creditors won a stay Wednesday of last month's order confirming the company's plan to exit bankruptcy, so long as they pay a $1.5 billion bond...
22 Aug 2012
The U.S. Federal Trade Commission cleared Facebook Inc's acquisition of Instagram, voting unanimously to close its antitrust investigation into the deal without taking any action...
22 Aug 2012
Citigroup slammed Nasdaq OMX Group Inc's plan to compensate firms harmed by Facebook's botched market debut to the tune of $62 million, saying in a regulatory filing the exchange should be liable for hundreds of millions more, according to a letter seen by Reuters...
22 Aug 2012
Argentina's Congress approved on Wednesday the expropriation of a currency-printing company whose ties to the country's vice president are under judicial investigation...
22 Aug 2012
A cross-party committee of British legislators has called on the government to introduce U.S.-style automatic disclosure of information on UK citizens by foreign institutions and tax authorities to help stem global cross-border tax evasion...
22 Aug 2012
The financial services firms that rescued Knight Capital Group after its near-fatal software glitch earlier this month have sold some of their preferred stock in the firm to retail online broker...
22 Aug 2012
Australian bosses, including Qantas' Alan Joyce and BHP Billiton's Marius Kloppers, are forgoing big bonuses this year as tough new laws on executive pay give more power to shareholders...
22 Aug 2012
Health Care REIT Inc will buy senior living provider Sunrise Senior Living Inc for about $845 million to tap into the growth of senior living companies as affluent baby boomers prepare to retire...
22 Aug 2012
A group of Rona Inc on Wednesday criticized Lowe's Cos Inc's proposed takeover of the Canadian home-improvement retailer and distributor, saying the U.S.-based company business...
22 Aug 2012
Carl Icahn is getting a dose of his own tart medicine. The longtime uppity investor withdrew an offer to buy the remaining 18 percent of $2.6 billion oil refiner CVR Energy after multiple failed...
22 Aug 2012
Banks are urging the European Financial Stability Facility, rated Aaa/AA+/AAA, to pull the trigger on an upcoming bond deal as soon as possible to avoid political event risk in September...
22 Aug 2012
The Securities and Exchange Commission voted 3-2 on Wednesday to finalize a controversial rule that requires manufacturers to disclose to investors whether their products contain...
22 Aug 2012
ConocoPhillips said it will sell a 30 percent interest in a joint venture to partner Lukoil, nearly exiting Russia after more than two decades...
22 Aug 2012
Goals Soccer Centres Plc's takeover by one of Canada's biggest pension funds fell through after shareholders narrowly rejected the offer, sending the stock down as much as 24 percent...
22 Aug 2012
Cloudera, a privately held data analytics company targeting the fast growing market for crunching huge volume of data, is looking to hire a chief financial officer as it edges closer to an IPO...
22 Aug 2012
World No.2 retailer Carrefour may need to raise up to 3 billion euros ($3.7 billion) to fund a revival plan for its struggling European hypermarkets, but tight finances and dire economic times...
22 Aug 2012
Commerzbank, Germany's second-largest lender, warned it faces a financial hit to settle U.S. probes into violations of sanctions on Iran and other countries, which could exceed provisions...
22 Aug 2012
A unit of Qatar's sovereign wealth fund has bought a 22 percent stake in CITIC Capital Holdings, linking one of the Middle East's most powerful investors with one of China's top investment funds...
22 Aug 2012
Timber products processor and distributor Greenheart Group Ltd, a unit of insolvent Chinese forestry company Sino-Forest Corp, said on Wednesday that Hong Kong's Securities and Futures...
22 Aug 2012
Heineken raised its stake in Asia Pacific Breweries (APB) to about 44.6 percent after buying shares from Singapore's Temasek Holdings and other shareholders, underlining its resolve to gain control of the maker of Tiger beer...
21 Aug 2012
U.S. federal prosecutors are examining links between lender Regions Financial Corp and an Atlanta-based executive-search firm that entertained the bank's executives on golf outings to see if federal banking laws were violated, the Wall Street Journal reported...
21 Aug 2012
China has reduced mandated contributions by brokerages to an investor protection fund by 30-50 percent, the official China Securities Journal reported on Wednesday...
21 Aug 2012
CNOOC's planned $15 billion purchase of Canada's Nexen will make the Chinese state energy giant the operator of a major oil sands project for the first time, giving Beijing the expertise to be able...
21 Aug 2012
Citadel LLC urged U.S. regulators to approve Nasdaq OMX Group's $62 million compensation plan for firms harmed by Facebook's May 18 glitch-ridden initial public offering...
21 Aug 2012
Mexico's banking association said on Tuesday the country's banks will adopt stricter capital rules known as Basel III in September, sooner than previously expected...
21 Aug 2012
The U.S. Securities and Exchange Commission has delayed for a week its consideration of new rules to lift the ban on general advertising for private securities offerings...
21 Aug 2012
U.S. securities regulators have approved a nearly $50,000 reward for a whistleblower who turned over documents and other information to help stop a multi-million dollar fraud...
21 Aug 2012
Danish shipping and oil group A.P. Moller-Maersk has raised 750 million euros ($925.6 million) in the sale of an oversubscribed seven-year bond, its finance director said on Tuesday...
21 Aug 2012
Mexican cement maker Cemex moved closer on Tuesday to wrapping up an ambitious refinancing deal that will push back payment of $7.2 billion of debt by at least three years and give...
21 Aug 2012
Another JPMorgan Chase & Co risk manager, who worked for a division that lost at least $5.8 billion on a series of complex derivatives trades, has hired a lawyer in connection with probes...
21 Aug 2012
Global buyout fund KKR & Co L.P. has placed a bet on China's $38 billion youth apparel retail market, saying on Wednesday that it will acquire a stake in privately held retailer Novo Holdco...
21 Aug 2012
Shares of directory publishers Dex One Corp and SuperMedia Inc rose more than 50 percent on Tuesday after the companies said they will combine in a stock-for-stock merger...
21 Aug 2012
Singapore state investor Temasek Holdings has sold its stake of roughly 1.4 percent in Asia Pacific Breweries to Heineken, sources said on Tuesday, potentially stopping the Dutch brewer's...
21 Aug 2012
Heritage Oil Plc will sell part of a gas block and borrow money from Genel Energy Plc to raise $450 million, easing concerns about how it will fund oilfield purchases in Nigeria...
21 Aug 2012
Glencore's $30 billion bid for miner Xstrata is not a "must-do deal" its chief executive said on Tuesday, in the company's strongest suggestion yet that it will not yield to key...
21 Aug 2012
Glencore's $30 billion tie-up with Xstrata is on the skids. Ivan Glasenberg, of Glencore, now says the mining merger is not a "must-do deal" – and that is the firmest sign yet that the Swiss...
21 Aug 2012
Hong Kong conglomerate Hutchison Whampoa said on Tuesday it had ended a deal to regain control of Israel's second largest mobile phone operator Partner Communications...
21 Aug 2012
Banco Santander issued a new two-year unsecured bond on Tuesday, becoming the first Spanish bank in six months to offer this type of debt, according to IFR Markets...
21 Aug 2012
Goldman Sachs is trying a new approach to going local in China: bring in foreign bosses. After country head Cai Jinyong quit last week, leadership will be centred on two newly arrived...
20 Aug 2012
China sovereign fund CIC and Government of Singapore Investment Corp have invested around $500 million each into U.S.-based Cheniere Energy Partners Ltd's planned liquefied natural gas (LNG) export...
20 Aug 2012
A New York hedge fund that owns bonds of bankrupt Eastman Kodak has asked the U.S. Trustee to probe the company's patent auction because it was concerned about the "unusually secretive" bidding process, Bloomberg reported...
20 Aug 2012
Swiss private bank Julius Baer will limit a rights issue to help fund its buy of Bank of America Merrill Lynch's overseas wealth-management business to 500 million Swiss francs...
20 Aug 2012
CME Group Inc, the main U.S. futures market operator, plans to launch its first European exchange in a move that could break the duopoly of NYSE Euronext and Deutsche Boerse and...
20 Aug 2012
Insurer Aetna Inc said it will buy rival Coventry Health Care Inc for $5.6 billion in cash and stock to boost its share of government business and benefit from U.S. healthcare reforms...
20 Aug 2012
Wall Street's self-regulator is actively recruiting to expand its roster of arbitrators. The move comes as industry experts say the pool of people chosen to rule on brokerage-related disputes...
20 Aug 2012
The usher shouting "Fire!" in a crowded movie theater should see flames before sending patrons stampeding for the exits. If the danger is real, he emerges a hero. A false alarm...
20 Aug 2012
U.S. electronics chain Best Buy Co Inc named Hubert Joly, the former head of hospitality and travel company Carlson, as its new chief executive on Monday, hoping to tap the French turnaround...
20 Aug 2012
Some of Britain's largest investors say plans for a new investor body to improve relationships between shareholders and UK companies are doomed unless "notoriously low-profile"...
20 Aug 2012
Franco-Nevada Corp, which provides miners upfront cash in exchange for future production, said it will pay $1 billion to Inmet Mining Corp for the development of its Cobre Panama copper-gold...
20 Aug 2012
Meta Financial Group Inc said it will raise $34.2 million in a share sale, more than a third of its current market value, to support growth at its payment services business...
20 Aug 2012
Norwegian conglomerate Orkla is to buy the family-controlled foods group Rieber & Soen for 5.18 billion crowns ($871 million), paying a 78 percent premium to the market price to expand...
20 Aug 2012
Heineken's sweetened offer of $6.35 billion to take control of the maker of Tiger Beer throws the spotlight back onto the Thai suitor that launched the beer battle last month...
20 Aug 2012
Heineken blinked. The Dutch brewer raised its bid for Singapore’s Asia Pacific Breweries to S$53 a share or U.S.$4.46 billion under pressure from a Bangkok beer family...
20 Aug 2012
The City of London financial district, though diminished by scandals and job cuts, is proving irresistible to fed-up Parisian bankers fleeing France's rising taxes and the feeling that they're not best loved at home...
20 Aug 2012
Struggling retailer Best Buy Co Inc said its founder Richard Schulze has turned down an offer from the board to conduct due diligence in connection with his proposal to take the company...
17 Aug 2012
Shareholders of Amerigroup Inc have sued the health insurer's board, contending its advisers at Goldman Sachs Group Inc had a "hopelessly conflicted" role in the company's nearly $4.5 billion pending sale to WellPoint Inc.
17 Aug 2012
Trader Glencore, weeks from a key shareholder vote on its bid for miner Xstrata, is set to stick to its $30 billion offer next week when it reports first-half profits dented by falling prices...
17 Aug 2012
The U.S. Internal Revenue Service is increasingly urging its examiners to make more use of a powerful legal tool - the administrative summons - to obtain sensitive documents...
17 Aug 2012
Yellow Pages publisher Hibu Plc, formerly Yell Group, said it has asked its lenders for waivers on some debt conditions as it works to restructure its debt...
17 Aug 2012
Heineken NV is negotiating with Singapore's Fraser and Neave (F&N) about raising its $6 billion bid for full control of the maker of Tiger beer and breweries in 14 countries as it fights...
17 Aug 2012
In a rare event, The ServiceMaster Co on Thursday returned to the high-yield market after voiding a $1 billion deal that priced a week ago before settlement...
17 Aug 2012
Trulia Inc, an online real estate listing service, filed with U.S. regulators on Friday to raise up to $75 million in an initial public offering of its common stock...
17 Aug 2012
UniCredit won plaudits for a successful covered bond which priced deeply through the government curve. The question now is whether that groundbreaking print can be replicated by fellow Italian, or possibly even Spanish banks...
17 Aug 2012
Former partners of the defunct law firm Dewey & LeBoeuf agreed on Thursday to pay at least $50 million toward a settlement agreement, the minimum amount the firm's advisers had been seeking in order to submit the proposal to bankruptcy court...
16 Aug 2012
Boardwalk Pipeline Partners LP said it and a unit of its general partner Loews Corp have agreed to form a joint venture to buy pipeline transportation company PL Midstream...
16 Aug 2012
A financial expert said Apple Inc has overstated Samsung Electronics Co Ltd's profit margins for mobile products, an issue that goes to the heart of damages in the high profile patent trial between the two tech companies...
16 Aug 2012
A former Morgan Stanley real estate dealmaker was sentenced to nine months in prison on Thursday for skirting the bank's internal controls in an effort to enrich himself and a Chinese government...
16 Aug 2012
An Electronic Arts leveraged buyout would make a tricky video game. Any private equity firm pondering taking the $4.4 billion company private would battle the twin evils of erratic...
16 Aug 2012
Oracle Corp agreed to pay a $2 million fine to settle U.S. Securities and Exchange Commission charges that an India subsidiary secretly set aside money used to make unauthorized...
16 Aug 2012
U.S. regulators are working to figure out whether the trading snafu at Knight Capital Group that resulted in a $440 million loss and nearly destroyed the firm was exacerbated by a breakdown...
16 Aug 2012
Struggling U.S. battery maker A123 Systems, which received a $249 million green technology grant from the Obama administration, got a $465 million lifeline from Chinese auto-parts maker Wanxiang...
16 Aug 2012
The recent Standard Chartered saga has thrown the spotlight back on America's regulatory shortcomings. Rather than killing the multi-headed U.S. regulatory monster, the financial crisis...
16 Aug 2012
Illinois Tool Works Inc will sell a majority stake in its decorative surfaces unit to a fund managed by private equity firm Clayton, Dubilier & Rice, for about $1.05 billion...
16 Aug 2012
Best Buy Co Inc's board nudged founder Richard Schulze on Thursday to name the private equity partners he had lined up to take the consumer electronics chain private, responding...
16 Aug 2012
Struggling U.S. battery maker A123 Systems, which got a quarter-billion dollar green technology grant from the Obama administration, has won a $465 million rescue by Chinese auto...
16 Aug 2012
Resolution has quit while it’s behind. The UK-listed bid vehicle was set up in 2008, investors stumped up 660 million pounds of new capital in the hope that founder Clive Cowdery could repeat...
16 Aug 2012
International Business Machines Corp has agreed to buy privately held Texas Memory Systems, a high-end enterprise storage technology provider, to expand its own storage offerings...
16 Aug 2012
Corporate bond supply is tipped for heavy volumes next month, following on from a bumper first half, but bondholders fear that firms may be tempted to use the proceeds for equity-friendly measures...
16 Aug 2012
ViSalus Inc, which sells weight management products, filed with U.S. regulators on Thursday to raise up to $175 million in an initial public offering...
16 Aug 2012
China Galaxy Securities plans to raise a combined $1 billion through initial public offerings in Hong Kong and Shanghai in the first half of 2013, IFR reported on Thursday, citing sources with knowledge...
16 Aug 2012
Benjamin Lawsky played hardball with Standard Chartered Plc and a gauntlet of federal and New York regulators and prosecutors right up until the last hours of the $340 million settlement...
16 Aug 2012
Credit Suisse said on Thursday it had increased common equity by more than expected after completing two of several previously announced measures to boost its capital base in response to criticism from the Swiss National Bank...
16 Aug 2012
Qatar Telecom (Qtel) received approval from Kuwait's market regulator to buy a 47.5 percent stake in telco Wataniya for $2.2 billion, the biggest move yet in the firm's new strategy to ward off threats from new rivals...
15 Aug 2012
JPMorgan Chase & Co, Deutsche Bank AG and Barclays Plc are among a handful of banks recently subpoenaed in a joint New York-Connecticut investigation of possible manipulation...
15 Aug 2012
As ING's sale of its $7 billion Asia business enters the final stages, regulatory risks in Malaysia and Thailand remain a headache for potential buyers and could delay the region's biggest insurance M&A deal...
15 Aug 2012
The U.S. Treasury Department on Wednesday named two directors to the board of Ally Financial Inc, the auto lender which is still 74-percent owned by the U.S. government after...
15 Aug 2012
Billionaire investor Carl Icahn has secured one out of four board seats he sought at drugmaker Forest Laboratories Inc in a bitter proxy fight, according to an early tally of shareholder votes...
15 Aug 2012
Hong Kong conglomerate Hutchison is making "painfully slow" progress in persuading the European Commission of its case to take over telecoms operator Orange Austria, which it said was hurting its...
15 Aug 2012
A U.S. judge asked that the chief executives of Apple Inc and Samsung Electronics Co Ltd speak to each other at least once on the phone before a jury begins deliberating next week in...
15 Aug 2012
Global Payments Inc agreed to buy Accelerated Payment Technologies for $413 million from private equity firm Great Hill Partners as the payment processor looks to boost its falling margins...
15 Aug 2012
Private equity firm Carlyle Group LP has agreed to buy Getty Images Inc from Hellman & Friedman for $3.3 billion in a partnership with company management, betting on growing demand for...
15 Aug 2012
Distressed investors are buying into loans of UK waste management firm Biffa as they attempt to take control of the company, which is restructuring its 1.1 billion pounds ($1.7 billion) of debt...
15 Aug 2012
Standard Chartered is pursuing a collective settlement with other U.S. authorities after speedily agreeing to pay $340 million to New York's financial regulator, which broke ranks...
15 Aug 2012
Insurance buyout firm Resolution called a halt to takeovers and said it would scrap its complex board structure in an overhaul aimed at transforming the group from an aggressive acquisition...
15 Aug 2012
The Sri Lankan stock market rose on Wednesday for the second straight session on foreign strategic buying in market heavyweight John Keells Holdings <JKH.CM> amid a sharp decline in prices across...
15 Aug 2012
Going private may give Focus Media a break from accusations by a U.S. short-seller over the quality of its accounting. But the 8 percent jump of the Chinese group's stock ahead...
15 Aug 2012
StanChart's shareholders may be too relieved to ask. The shares rose as much as five percent in Hong Kong...
15 Aug 2012
Standard Chartered Plc has agreed to pay $340 million to settle allegations by New York's bank regulator that it hid transactions linked to Iran...
15 Aug 2012
Swedish medical technology group Getinge said on Wednesday it would buy the Therapeutic Support Systems business of Kinetic Concepts Inc for $275 million as it looks to expand in the key U.S. market...
15 Aug 2012
GlaxoSmithKline advanced its clear-out of non-core drugs on Wednesday with a deal to sell 25 older brands marketed in Australia to South Africa's Aspen Pharmacare for 172 million pounds...
15 Aug 2012
Singapore's Far East Hospitality Trust is set to raise $575 million in an initial public offering after pricing it at the top end of an indicative range, sources said, making it the city state's...
15 Aug 2012
Australia and New Zealand Banking Group would consider selling some of its stakes in Asian banks to free up capital or if its sees better opportunities to meet its 'super-regional' strategy...
14 Aug 2012
U.S. buyout fund Carlyle Group said on Wednesday it has acquired a 13.5 percent stake in Meinian Onehealth Healthcare Group Co Ltd, placing a bet on rising spending on preventive healthcare from...
14 Aug 2012
Bondholders of Brazilian troubled bank Banco Cruzeiro do Sul will receive about half of their investment as part of a bond repurchase program to save the lender from bankruptcy, an executive said on Tuesday...
14 Aug 2012
Standard Chartered can breathe a costly sigh of relief. The UK bank has agreed to pay a civil penalty of $340 million to settle allegations by the New York Department of Financial Services...
14 Aug 2012
Goldman Sachs Group Inc Chief Executive Lloyd Blankfein and other officials won the dismissal of a shareholder lawsuit accusing them of tolerating poor mortgage practices and quitting...
14 Aug 2012
Canadian fertilizer company Agrium Inc said on Tuesday it would not take the "substantial risk" of spinning off its retail operations, as the company sought to fend off pressure from...
14 Aug 2012
Wells Fargo & Co will pay more than $6.5 million to settle civil charges alleging it sold complex mortgage-backed instruments to municipalities and non-profits during the financial crisis...
14 Aug 2012
Safety-Kleen Inc, which provides auto-part cleaning services and refines used motor oil, revived its plans to go public and filed with U.S. regulators to raise up to $400 million in an IPO...
14 Aug 2012
Tsann Kuen (China) Enterprise Co Ltd, the first company at risk of ejection from China's troubled B-share board after regulators tightened delisting rules, said on Tuesday that a local government...
14 Aug 2012
Mongolia-focused coal miner SouthGobi Resources Ltd said on Tuesday that it expects China's state-controlled Chalco to drop its $926 million takeover bid in the face of opposition...
14 Aug 2012
A group of bondholders in Elpida Memory has put forward an alternative restructuring plan for the failed chipmaker, putting pressure on Micron Technology Inc to increase its takeover offer...
14 Aug 2012
Manganese Bronze, the maker of London's iconic cabs, said on Tuesday that it had found a 3.9 million pound ($6.1 million) black hole in its accounts, causing it to delay the release of its half-year results for over a month...
13 Aug 2012
Astro Malaysia Holdings Bhd, a pay-TV firm controlled by tycoon Ananda Krishnan, has offered IPO shares to indigenous "bumiputra" investors with an indicative value of nearly $700 million...
13 Aug 2012
Peregrine Financial Group founder and chief executive Russell Wasendorf Sr was indicted on charges of lying to regulators, a little over a month after he botched a suicide attempt and confessed to bilking customers of his brokerage for years...
13 Aug 2012
Software developer Comverse Technology Inc agreed to be bought out by Verint Systems Inc, a surveillance products maker in which Comverse holds a majority stake...
13 Aug 2012
Julie Williams, chief counsel at the Office of the Comptroller of the Currency, is retiring from her post after 19 years of government service, the OCC said on Monday...
13 Aug 2012
The U.S. Securities and Exchange Commission on Monday issued an investor bulletin on exchange-traded funds, explaining how they trade and the differences between the various types of products...
13 Aug 2012
Ingersoll Rand Plc named Nelson Peltz to its board on Monday, three months after the activist investor began pushing for changes at the manufacturer of air conditioners and security systems...
13 Aug 2012
Chinese display-advertising provider Focus Media Holding Ltd said it received a bid to go private from a consortium that includes its Chief Executive Jason Nanchun Jiang and private equity firms...
13 Aug 2012
The second low-trigger contingent capital that UBS priced on Friday appeared to vindicate its choice of a permanent capital write-down structure, and could open the door for others to follow...
13 Aug 2012
Japan's Tokyo Electron Ltd said it will buy chip-equipment maker FSI International Inc for $252.5 million in cash, to add heft to its technology used to make smaller but faster chips used...
13 Aug 2012
Automaker General Motors Co said in a filing on Monday its General Motors Financial unit is among the bidders for the international operations that auto lender Ally Financial Inc is selling...
13 Aug 2012
Tesoro Corp said it would buy BP Plc's refinery in Carson, California, and related assets for about $2.5 billion...
13 Aug 2012
DLF, India's biggest property developer, is closer to meeting its debt reduction target after it agreed to sell its plot of land in Mumbai for 27 billion rupees ($488 million) to Lodha Developers on Monday...
13 Aug 2012
Singapore-listed Thai Beverage PCL raised its stake in Fraser and Neave to 26.2 percent from 24.1 percent to tighten its grip on the drinks and property conglomerate and intensify...
13 Aug 2012
Malaysian state development firm 1Malaysia Development Bhd has agreed to buy conglomerate Genting Bhd's power and utility unit for 2.3 billion ringgit ($738.01 million) in cash, Genting said...
13 Aug 2012
The Sri Lankan stock market edged lower on Monday on media reports the head of the Securities and Exchange Commission could be forced to step down, dealers said...
13 Aug 2012
China seems to be mistaking foreign lawyers for Party poopers. They're dealmakers, not threats to communist rule. Yet wary leaders refuse to license non-Chinese law firms...
13 Aug 2012
Swiss private bank Julius Baer is to buy Bank of America's non-U.S. Merrill Lynch wealth manager, paying 860 million Swiss francs ($882 million) for the loss-making business to boost...
13 Aug 2012
Qatar, the second-largest shareholder in takeover target Xstrata, has again lifted its stake in its standoff with suitor Glencore, bringing its holding to 11.5 percent...
13 Aug 2012
Standard Chartered needs a governance booster. The UK-based bank is under attack from a New York financial regulator over trades for Iranian clients that could see the bank...
13 Aug 2012
The Libor scandal, which began in London with bankers accused of manipulating a key global interest rate, has reached the Alaskan wilderness...
12 Aug 2012
Anglo American's chief executive, Cynthia Carroll, is under pressure to step down from shareholders who have demanded an immediate change of management, the Telegraph reported on Monday...
12 Aug 2012
BlueScope Steel said it will sell half of its ASEAN and North American building products businesses to Nippon Steel Corp for $540 million in cash, as Australia's biggest steelmaker struggles to return to...
12 Aug 2012
Global Investment House, the Kuwaiti investment firm undergoing its second debt restructuring in three years, will seek shareholders approval for a debt-for-equity swap which if approved will see...
11 Aug 2012
Bank of Communications Co Ltd (BoCom), China's fifth largest lender, has obtained the green light from Chinese securities regulators for a private placement of around $9 billion, aimed at meeting...
10 Aug 2012
Activist investor Carl Icahn, engaged in a bitter proxy battle with Forest Laboratories Inc, accused the drugmaker of hiding information from shareholders that might show it has provisions built...
10 Aug 2012
Dai-ichi Life, Japan's largest listed life insurer, struck a deal to buy a stake of up to 20 percent in U.S. asset manager Janus Capital Group, the latest move by a Japanese financial company...
10 Aug 2012
Japan's Honda Motor Co has bought a 3 percent stake it did not already own in its Indian car unit from a local firm in a deal worth 1.8 billion rupees ($32.5 million), ending a partnership of more...
10 Aug 2012
Martin Wheatley is on the right track. The chief executive-designate of the UK's new anti-market abuse regulator, the Financial Conduct Authority, has published a discussion paper on how...
10 Aug 2012
Libor benchmark interest rates are no longer "fit for purpose" and must be changed or replaced, Britain's regulator said on Friday as he set out proposals to restore their credibility...
10 Aug 2012
Goldman Sachs will sell Japanese contractor Fujita Corp to Daiwa House Industry for 50 billion yen ($636 million), Daiwa said on Friday, marking another exit by the U.S. bank from its investments...
10 Aug 2012
Britain's Office of Fair Trading (OFT) said the restrictions put on Yell Group in 2007 relating to its Yellow Pages business, including a cap on its advertising rates, may no longer be appropriate, and that the Competition Commission should consider releasing Yell from them...
10 Aug 2012
U.S. regulators directed five of the country's biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced...
9 Aug 2012
A New York state case against Standard Chartered Plc is more about whether the British bank carried out an old-fashioned cover-up using allegedly false records and less about the role...
9 Aug 2012
Manchester United Ltd's initial public offering priced well below its expected range on Thursday, valuing the British soccer club at only $2.3 billion and shaving off as much as $100 million from the anticipated proceeds for the team and its owners...
9 Aug 2012
Fitch Ratings says in a new report that the proposed Basel III capital rules are unlikely to be overly onerous for the major Malaysian banks in light of their satisfactory core capitalisation. The gradual transition to higher capital standards from Basel II would over time enhance the resilience...
9 Aug 2012
The U.S. derivatives regulator should extend the October deadline for foreign banks to register as swaps dealers and face a host of tough new rules, a foreign bank and an association that represents the banks said in letters posted Thursday...
9 Aug 2012
Chesapeake Energy said it is the subject of a U.S. government investigation over possible criminal antitrust violations related to the purchase and lease of oil and gas properties in Michigan...
9 Aug 2012
Hornbeck Offshore raised $260m this week with a convertible bond, one of the few corporates to turn to a CB as most continue to prefer issuing straight debt...
9 Aug 2012
National Oilwell Varco Inc, the largest U.S. oilfield equipment maker, said it will buy Robbins & Myers Inc for $2.54 billion to expand its product line of well tools, pumps and valves...
9 Aug 2012
AstraZeneca has opted to pay a further $135 million to Bristol-Myers Squibb to get an equal say in decision-making regarding drugs developed by Amylin Pharmaceuticals, the diabetes specialist...
9 Aug 2012
WestFire Energy Ltd agreed to buy Guide Exploration Ltd for C$198.2 million ($199.21 million) in a reverse takeover to create an oil and natural gas liquids-heavy company with presence in...
9 Aug 2012
Credit Agricole is assessing binding takeover offers it has received from several Greek banks for its struggling Greek subsidiary Emporiki and has not yet taken a decision, the French bank said on Thursday...
9 Aug 2012
South Korea's financial regulator plans to conduct spot checks on the local operations of Standard Chartered and HSBC Holdings over money laundering allegations against the lenders in other...
8 Aug 2012
Knight Capital Group Inc was holding about $7 billion of stocks at one point on Wednesday last week due to a software problem that led the brokerage to seek emergency funding...
8 Aug 2012
A Louisiana pension fund is suing Simon Property Group for not seeking shareholder approval when it raised chief executive David Simon's compensation last year...
8 Aug 2012
U.S. prosecutors have offered several former junior UBS AG employees protection from criminal charges in exchange for their cooperation with their expanding probe into alleged interest-rate manipulation, the Wall Street Journal reported...
8 Aug 2012
U.S. securities regulators will convene a roundtable next month to discuss ways to promote market stability after a recent series of technology glitches put another dent in investor confidence...
8 Aug 2012
Market participants will have until Oct. 22 to comment on proposed bank capital rules, the Federal Reserve said on Wednesday, bumping the deadline back from Sept. 7...
8 Aug 2012
A federal appeals court has made it easier for the U.S. Securities and Exchange Commission to allege that a defendant assisted in securities fraud, a decision that could help the regulator...
8 Aug 2012
China's largest automotive parts supplier is poised to take control of U.S. battery maker A123 Systems, which received a $249-million green-technology grant from...
8 Aug 2012
Biosev, the Brazilian unit of global commodities company Louis Dreyfus Corp, scrapped its plans for an initial public offering, citing growing market uncertainty locally and overseas...
8 Aug 2012
Standard Chartered won some help from Britain's central bank governor on Wednesday in its fightback against the New York banking regulator's allegations that it had hidden...
8 Aug 2012
Chinese oil trader Guangdong Zhenrong Energy Co Ltd has agreed to buy control of Hong Kong-listed Titan Petrochemicals Group Ltd, a debt-laden shipping and oil storage company, but the deal...
8 Aug 2012
Product-design software maker Parametric Technology Corp said it would buy privately held Servigistics Inc for about $220 million in cash, to beef up its web process management...
8 Aug 2012
Heineken's resolve to buy out Asia Pacific Breweries (APB), the maker of Tiger beer, is being tested by a group linked to Thailand's second-richest man as the fight for a bigger slice of...
8 Aug 2012
Chinese state-owned food and dairy group Bright Food is refinancing a 400 million pounds ($626.02 million) loan for Weetabix as part of a larger acqusition financing backing its purchase...
8 Aug 2012
China Vanke, the country's largest home builder by sales, said it plans to develop its first overseas property as more Chinese buyers look abroad for investment opportunities, and that its first target...
8 Aug 2012
BP said on Wednesday it has agreed to sell its liquefied petroleum gas (LPG) distribution business in Britain to DCC, a support services group, for $63 million...
8 Aug 2012
Dutch bank and insurer ING is likely to sell its Asian insurance business, worth about $7 billion, in several separate deals in an attempt to get the highest price and speed up the divestment process...
8 Aug 2012
UBS is planning to issue the first European Tier 2 transaction offered in the US, where bondholders could see their investment written down to zero if the Swiss bank runs into trouble...
8 Aug 2012
Dutch food and chemicals group DSM has agreed to buy privately-held Brazilian animal nutrition company Tortuga for about 465 million euros ($578 million) to strengthen its presence in Latin America, making its fourth big acquisition...
8 Aug 2012
There's always something comforting about dining in a restaurant where locals are eager to eat. Russia's deputy economy minister Andrei Klepach said on Monday the government...
8 Aug 2012
An unusual sight greeted guests at New York's posh St. Regis hotel on Monday: dozens of investors trickled out carrying red Manchester United hats and soccer balls after a marketing event...
7 Aug 2012
We need to talk about Deloitte. The Big Four accounting firm has popped up in yet another financial scandal. This time its consultants allegedly abetted Standard Chartered's financial transactions...
7 Aug 2012
Private equity firm Asia Alternatives said on Wednesday it has raised more than $1.5 billion in new funds to invest into fund managers across Asia, with around 75 percent of its existing investors...
7 Aug 2012
Wall Street's watchdog suspended the founder and president of Wedbush Securities for not adequately supervising the financial company's regulatory filings, which, in many cases...
7 Aug 2012
United Technologies Corp said on Tuesday it has sold its Clipper Windpower unit to Platinum Equity for an undisclosed sum, wrapping up its third divestiture of the year following...
7 Aug 2012
Heineken's $6 billion bid for Asia Pacific Breweries (APB) faces a challenge from a group linked to Thai billionaire Charoen Sirivadhanabhakdi, which could force the Dutch brewer to pay more...
7 Aug 2012
VTB Capital, a unit of Russia's VTB Bank, and Bulgarian lender Corporate Commercial Bank (CCBank) have agreed to take over debt-ridden Bulgarian telecoms company Vivacom...
7 Aug 2012
Shares of Nu Skin Enterprises Inc fell as much as 12 percent after short-seller Citron Research published a report alleging that the personal-care products maker is operating...
7 Aug 2012
Pfizer Inc has agreed to pay $60.2 million to settle a U.S. government probe of the drugmaker's alleged use of illegal payments to win business overseas...
7 Aug 2012
Belgian banks are on their marks in the race to become the first borrower to issue a covered bond under the country's new legislation, which was introduced in July...
7 Aug 2012
New York's top bank regulator threatened to strip Standard Chartered Plc of its state banking license, saying the British bank was a "rogue institution" that hid $250 billion in transactions tied to Iran, in violation of U.S. law...
6 Aug 2012
China's Hanlong Group has cut its offer for Australian-listed miner Sundance Resources by 30 percent to A$1.2 billion ($1.27 billion) to reflect the weak commodities outlook, a source with direct knowledge said...
6 Aug 2012
Private equity firm Carlyle Group LP has emerged as the front runner to buy DuPont's car paint business after rival bidder Apollo Global Management LLC declined to increase its offer...
6 Aug 2012
(Reuters) - Allegations that a banking unit of Standard Chartered Plc schemed with Iran to conceal billions of dollars in transactions have dragged Deloitte into the spotlight in another hit to the global...
6 Aug 2012
Dutch sportscar maker Spyker NV is suing General Motors Co for more than $3 billion on behalf of its subsidiary Saab, accusing the U.S. automaker of deliberately bankrupting the Swedish...
6 Aug 2012
A rogue Standard Chartered Plc banking unit violated U.S. anti-money laundering laws by scheming with Iran to hide more than $250 billion of transactions, and may lose its license to operate...
6 Aug 2012
Wal-Mart Stores Inc will tweak its future financial reports to add more detail on legal proceedings and cyber security after U.S. regulators asked the retailer to better explain certain...
6 Aug 2012
Best Buy Co Inc founder Richard Schulze on Monday offered to take the struggling U.S. electronics retailer private in what could be the biggest leveraged buyout of the year...
6 Aug 2012
Private equity firms have approached banks to begin financing discussions on a possible multi-billion-pound buyout of Royal Bank of Scotland's insurance division Direct Line Group...
6 Aug 2012
Chinese oil giant Sinopec Corp and gas distributor ENN Energy Holdings are extending their $2.2 billion offer for China Gas Holdings again, this time by a month, as they seek regulatory approvals to...
6 Aug 2012
Axa Private Equity is to buy a majority stake in German clothing exporter Schustermann & Borenstein from its family owners, the companies said on Monday...
6 Aug 2012
IntercontinentalExchange (ICE) last week surprised the derivatives world by announcing that all its over-the-counter cleared energy swaps will be converted to futures contracts from January 2013...
6 Aug 2012
Brazilian sugar cane mills a re vulnerable to a wave of takeovers in which deep-pocketed groups devour fragile neighbors, while soft sugar and ethanol prices weaken small mills and make...
6 Aug 2012
A group of investors will rescue embattled market maker Knight Capital Group Inc in a $400 million deal that keeps the company in business, Knight said on Monday, but comes at a huge cost...
6 Aug 2012
Brothers Michael and Yoel Zaoui, two top London investment bankers, rivals in M&A for many years, may work together via a company they have set up called Zaoui Capital...
6 Aug 2012
Private equity group BC Partners has agreed to buy German vitamins and generic prescription drugs maker Aenova from Bridgepoint, the investors said in a joint statement on Monday...
6 Aug 2012
Australia's Colonial First State asset manager has agreed to buy Digita, Finnish arm of private equity backed French broadcasting group TDF, the companies said on Monday...
6 Aug 2012
Fitch Ratings says understanding the proportion of cash that resides outside an issuer's cash pooling network provides an insight into trapped cash. Cash situated in a pooling arrangement offers a quick pre-arranged channel for redistributing cash around a group...
6 Aug 2012
Five years after the credit crunch erupted in August 2007, banking still looks like an industry running amok. Scandals keep tumbling out of the closet: an alleged ring of banks including Barclays...
6 Aug 2012
A major lender to China's Suntech Power Holdings, a solar panel maker which has been stung by a $690 million fraud linked to its expansion in Italy, financed the expansion despite warnings...
6 Aug 2012
Israel's Teva Pharmaceutical Industries, the world's biggest generic-drug maker, is being investigated by the U.S. securities regulator over the company's compliance with a U.S. law that prohibits...
5 Aug 2012
China's stock regulator is considering a scheme under which listed companies can buy back shares and use them pay up to 30 percent of wages and bonuses for staff, its latest move to help boost...
5 Aug 2012
Advent International has agreed to buy a majority stake in AOT Bedding Super Holdings, the parent company of Serta mattress maker National Bedding and Simmons Bedding, the private equity firm said on Sunday...
5 Aug 2012
A new Europe-wide stock exchange for entrepreneurs is being planned by NYSE Euronext to help funding for small companies, the Financial Times reported on Monday...
3 Aug 2012
Retail investors and traders who want to buy and sell small, illiquid exchange-traded funds may be unwittingly losing money in the aftermath of the Knight Capital Group trading disaster Wednesday, according to an analysis by IndexUniverse, a San Francisco-based ETF research provider...
3 Aug 2012
A proposal that would have required brokerages to send account statements to their customers more frequently has been scrapped - at least for now...
3 Aug 2012
Heineken's latest takeover may trigger aftershocks in Southeast Asian finance. The Dutch brewer is paying $6 billion, or a hefty 17 times EBITDA, to take control of Asia Pacific Breweries from...
3 Aug 2012
Bankers are preparing debt packages to back a buyout of UK-based United Biscuits' salty snack business which is expected to go up for sale in September and fetch around...
3 Aug 2012
Heineken won control on Friday of the Asian brewing group which makes Tiger beer when Singapore's Fraser and Neave (F&N) agreed to sell its stake in the firm for over $4 billion...
3 Aug 2012
An internal feud between rival parts of China's main arbitration body has seen its Shanghai and Shenzhen branches suspended, leaving question marks for investors such as private equity...
3 Aug 2012
China's cabinet will expand a pilot programme that allows over-the-counter trading of shares of technology and other high-growth start-up companies, a move offering firms wider...
3 Aug 2012
State-controlled lender Royal Bank of Scotland confirmed on Friday it had dismissed a number of employees for misconduct as a result of its investigations into the Libor interest rate rigging scandal and along with other banks is still under investigation by regulators...
2 Aug 2012
The software glitch that cost Knight Capital Group $440 million in just 45 minutes reveals the deep fault lines in stock markets that are increasingly dominated by sophisticated high-speed...
2 Aug 2012
Samsonite International SA on Thursday bought high-end luggage brand Hartmann in a $35 million push to win a bigger share of the luxury travel goods market and build up U.S. sales...
2 Aug 2012
A proposal by Lowe's Cos Inc, the world's No. 2 home improvement chain, to buy Canada's Rona Inc for C$1.8 billion ($1.8 billion) has come at an inopportune moment...
2 Aug 2012
Walgreen Co said on Thursday it has completed its initial investment in Europe's Alliance Boots Holding Ltd, a $7 billion cash-and-stock deal that brings the largest U.S. drugstore chain...
2 Aug 2012
Broadcast transmission provider Arqiva is exploring options to refinance its 3.4 billion pounds ($5.3 billion) of debt raised when Macquarie acquired National Grid Wireless in 2007...
2 Aug 2012
More M&A discretion will come with a price. Leaks can be harmful, but dealmakers and their clients may find they miss the chatter...
2 Aug 2012
AT&T Inc is buying the equity of NextWave Wireless Inc for up to $50 million and taking on $550 million of the company's debt as it looks to expand its spectrum for high-speed...
2 Aug 2012
A group of Chinese investors will pay 55 million euros ($67 million) for a 15 percent stake in Inter Milan, becoming the second-biggest shareholder of the Italian premier league football club, sources close to the situation said.
2 Aug 2012
RG Steel LLC, which filed for bankruptcy protection in May, has found buyers for some of its assets as the steel maker looks to restructure its debt and work its way out of bankruptcy...
2 Aug 2012
Navistar International Corp is the target of a formal U.S. Securities and Exchange Commission inquiry into accounting and disclosure matters and has withdrawn its full-year earnings forecast...
2 Aug 2012
European banks are unlikely to slow down their efforts to comply with the new global regulatory standards despite a slip-up by European rulemakers in getting Basel III guidelines transposed...
2 Aug 2012
Dutch shareholders will seek compensation from the owner of coffee brand Douwe Egberts after it issued a profit warning citing fraud and tax problems in Brazil, just three weeks after listing...
2 Aug 2012
An arbitration panel has denied a Mississippi-based entrepreneur's claim against Morgan Keegan & Co over $2 million of bond fund losses in a case that offers a glimpse into why the brokerage firm...
2 Aug 2012
Japan Airlines has given up on the idea of securing stable shareholders to hold at least 10 percent of its stock ahead of its listing because such a move would breach industry rules...
2 Aug 2012
China's Hanlong Group is in talks to reduce the A$1.7 billion price tag it agreed to pay for Australian iron ore miner Sundance Resources, following a drop in both Sundance's share price and...
2 Aug 2012
A battle for control of Tiger Beer, 24 breweries in Asia and lucrative soft-drink brands should be decided by Friday as Fraser and Neave weighs a takeover bid by Heineken that could break up the Singapore beverage and property group...
2 Aug 2012
San Bernardino filed for bankruptcy protection on Wednesday citing more than $1 billion of debts and making it the third California city to seek protection from creditors...
1 Aug 2012
Kim Hartke, who served 14 months in jail for stealing a car to pay for her addiction, turned her life around in part because of financing provided to an Oregon social services program from...
1 Aug 2012
In a bid to lift some of the secrecy around U.S. audit firms, a watchdog board on Wednesday told corporate directors that they may seek out non-public information about auditor inspections...
1 Aug 2012
BlackRock Inc on Wednesday announced that it has expanded its senior leadership team and reorganized its investment and client-facing businesses in an effort to grow its business...
1 Aug 2012
The $10 billion leveraged buyout may again be within reach. Even if private equity firms don't scoop up $8.5 billion Laboratory Corp of America, a buyout on that scale is possible. But it would...
1 Aug 2012
Institutional Shareholder Services is backing two of billionaire investor Carl Icahn's nominees to the board of U.S. drugmaker Forest Laboratories Inc, the influential proxy advisory firm said...
1 Aug 2012
Embattled Zynga Inc has shuffled its top management following a calamitous second quarter that left its stock in the gutter and spurred shareholder lawsuits...
1 Aug 2012
The largest U.S. farming cooperative CHS Inc said on Wednesday it is buying Brazil's agricultural service provider and grains trader Atman as it carries out plans to expand in the major...
1 Aug 2012
Chicago O'Hare International Airport will sell nearly $1.2 billion of revenue refunding bonds in two deals in August, said market sources on Wednesday...
1 Aug 2012
Credit Suisse Group AG named veteran investment banker David DeNunzio as global chairman of mergers and acquisitions, as part of a broader reshuffling of the group in recent weeks...
1 Aug 2012
New Avon CEO Sheri McCoy wants to get back to basics. Yet Andrea Jung, her predecessor and architect of the chaos, is still executive chairman. Any value in her sticking around is gone...
1 Aug 2012
Britain will give its regulators new powers to wind down failing investment firms and clearing houses to avoid wreaking havoc in the wider market, saying the timing of similar European Union rules...
1 Aug 2012
South African private hospital group Mediclinic International said on Wednesday it plans to raise $608 million through a rights offer to refinance debt and to fund expansion...
1 Aug 2012
Australian clothing retailer Country Road, a unit of South Africa's Woolworths, will buy local rival Witchery Group in a $181 million deal that broadens its offering in upscale apparel.
1 Aug 2012
French engineer Schneider Electric plans to step up acquisitions to boost sales and tap new markets after free cash flow reached a record of over 2 billion euros ($2.5 billion)...
1 Aug 2012
The European Central Bank's watchdog for banks could get the power to order the closure of lenders in what would be a radical step to tackle the crisis, prompting concerns by policymakers...
1 Aug 2012
Greece is considering issuing more treasury bills in August as one of the options to cover a funding squeeze this month, a senior finance ministry official told Reuters on Wednesday...
1 Aug 2012
Mouchel Group Plc said it agreed to a restructuring that will give its lenders a majority interest in the British infrastructure firm and delist the company to avert an impending debt default...
1 Aug 2012
The Macau government has launched an official investigation into Sands China, owned by billionaire Sheldon Adelson, after the company transferred documents linked to a wrongful dismissal case to...
1 Aug 2012
Telenor's Indian mobile phone joint venture gained approval from the majority of its board members to auction off the business, deepening a row between the Norwegian carrier and local...
1 Aug 2012
After the financial crisis, flighty foreign portfolio investors were the bane of Asia's central bankers. But now the hot money is helping the authorities out...