NEWS
December 2011
30 Dec 2011
Credit Suisse Group AG has been sued by a large Dutch pension fund that claimed the Swiss bank misled it about the quality of residential mortgage-backed securities...
30 Dec 2011
Jefferies Group Inc and Nasdaq OMX Group Inc have agreed to arbitrate a dispute in which the former sued to recover tens of millions of dollars...
30 Dec 2011
Combined quotas granted under the Qualified Foreign Institutional Investor (QFII) scheme in 2011 totaled $1.92 billion, the lowest since 2007, partly due to an…
29 Dec 2011
The U.S. Treasury Department plans to start charging large banks a fee to cover the costs of the financial risk council it leads and a research office tasked with...
29 Dec 2011
Celestica Inc was ordered by a U.S. appeals court to face a shareholder lawsuit accusing the Canadian electronics company of securities fraud...
29 Dec 2011
German phone company Deutsche Telekom AG and a Hungarian unit will pay more than $95 million to settle U.S. criminal and civil probes into the bribery of government officials...
29 Dec 2011
“Cornerstone” investors could become a necessary evil for European IPOs in 2012...
29 Dec 2011
The Securities and Exchange Commission got a fresh dressing-down from the judge who rejected its $285 million settlement with Citigroup Inc, as he said the regulator...
29 Dec 2011
Bankrupt restaurant chain operator Friendly Ice Cream Corp can sell itself back to a private equity firm in exchange for debt forgiveness, a federal judge ruled...
29 Dec 2011
Saudi Arabia is pressing ahead with a long-awaited plan to open up its stock market to foreigners and is now hoping to formalize its rules by January 15...
29 Dec 2011
Edgen Group Inc, a supplier of specialty products to the energy sector, filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock...
29 Dec 2011
Russian lender Sberbank's acquisition of the eastern European arm of Austria's Oesterreichische Volksbanken is expected to close in the first weeks of 2012...
29 Dec 2011
Deutsche Telekom AG, a Hungarian unit and three former executives were charged by a U.S. regulator in a corruption case involving bribery of government officials...
29 Dec 2011
China has increased restrictions on foreign investment in its refining sector, while encouraging participation in developing unconventional oil and gas resources, the latest guidelines published by the National Development and Reform Commission show...
29 Dec 2011
Debt-laden property developer Greentown China Holdings Ltd said that it and several other domestic firms had agreed to sell their stakes in a Shanghai commercial project...
29 Dec 2011
Those funds, including Sequoia Capital, Citigroup's (C.N) venture capital arm and 3i (III.L), invested a combined $223 million in Ind-Barath and may get a breather…
28 Dec 2011
BTG Pactual, Brazil's largest independent securities firm, agreed to pay up to 1.21 billion reais for all of Brazilian Finance & Real Estate, a firm specializing in property and real estate securitization...
28 Dec 2011
Viacom Inc said it has challenged the final payout due to former shareholders of music-based games developer Harmonix Music Systems, which it had acquired in 2006...
28 Dec 2011
A Spanish trader won dismissal of a U.S. Securities and Exchange Commission lawsuit accusing him of insider trading in Potash Corp of Saskatchewan...
28 Dec 2011
Citigroup has agreed to sell its retail business in Belgium to Credit Mutuel Nord Europe, the French firm...
28 Dec 2011
Biopharmaceutical company Alexion Pharmaceuticals Inc agreed to buy Enobia Pharma Corp in an all-cash deal to gain access to the privately owned firm's key therapy...
28 Dec 2011
Alibaba Group has hired a Washington lobbying firm in a sign that the Chinese e-commerce company would be willing to make a bid for all of Yahoo Inc...
28 Dec 2011
Arctic Cat Inc bought back about a 33 percent stake that Suzuki Motor Corp held in the snowmobile maker for $79.3 million, sending its shares up 26 percent...
28 Dec 2011
Confidential whistleblower documents that helped spark a massive state and federal investigation into how Bank of New York Mellon Corp charged pension funds...
28 Dec 2011
The New York Times Co said it will sell 16 regional newspapers spread across the U.S. Southeast and California to Halifax Media Holdings for $143 million in cash...
28 Dec 2011
Deutsche Boerse and NYSE Euronext have extended the deadline for completion of their planned merger to March 31 next year as they seek to convince...
28 Dec 2011
PetroChina Co Ltd and China Petroleum & Chemical Corp (Sinopec) have signed an agreement with the Zhejiang government on six petrochemical projects worth 139.1 billion yuan ($22 billion)…
27 Dec 2011
A U.S. appeals court agreed to resolve a dispute among institutional investors over whether Bank of America Corp's $8.5 billion mortgage debt settlement...
27 Dec 2011
The U.S. Securities and Exchange Commissionwon a delay in its securities fraud lawsuit against Citigroup Inc, as the regulator tries to appeal a judge's decision...
27 Dec 2011
General Electric Co agreed to buy life insurer MetLife Inc's online bank in a deal that will let GE's capital arm expand its funding base and lessen reliance on wholesale markets...
27 Dec 2011
Sony Corp has agreed to sell its nearly 50 percent stake in an LCD joint venture with Samsung Electronics to the South Korean company for $940 million...
27 Dec 2011
The Securities and Exchange Commission filed an emergency request to put its securities fraud lawsuit against Citigroup Inc on hold...
27 Dec 2011
Hedge fund manager Philip Falcone has rejected a U.S. Securities and Exchange Commission settlement offer that would have banned him from the securities industry...
27 Dec 2011
Endeavour International Corp said its unit has agreed to buy ConocoPhillips' interest in three producing U.K. oil fields for $330 million...
27 Dec 2011
A panel reviewing the auditing of Olympus Corp after its $1.7 billion accounting scandal said it had so far not found any problems with the work of Ernst & Young's Japanese arm...
27 Dec 2011
French state power company EDF has tightened its grip on Italy's No 2 utility Edison, buying off a group of shareholders who had opposed its offer...
27 Dec 2011
Italian debt-laden yellow pages publisher Seat Pagine Gialle SpA said it would not pay back 55 million euros due on its senior debt, as negotiations to restructure...
27 Dec 2011
Swiss oil refiner Petroplus Holdings said lenders had frozen about $1 billion in borrowing allowances the company relies on to buy crude oil...
27 Dec 2011
Omega Pharma said its founder and Chief Executive Marc Coucke had succeeded with his $1.1 billion takeover of the Belgian health products distributor...
26 Dec 2011
China has arrested former executives at two brokerages on charges of insider trading, the securities watchdog said, as part of a crackdown on market malpractice...
26 Dec 2011
U.S. antitrust regulators are sending a clear message to companies contemplating gobbling up their rivals - don't push it...
23 Dec 2011
In-flight internet connectivity provider Gogo Inc, which serves some of the biggest names in the airlines industry, filed with U.S. regulators to raise up to $100 million...
23 Dec 2011
U.S. regulators announced they will give the public and the banking industry 30 more days to comment on a proposed framework to implement the controversial Volcker rule...
23 Dec 2011
The trustee liquidating bankrupt trading firm MF Global Inc said that he disputed the classification under British law of $600-$700 million in U.S. commodities claimant funds...
23 Dec 2011
U.S. solar panel maker SunPower Corp, a unit of French oil major Total, said it had agreed to buy Total-owned Tenesol for $165.4 million in cash...
23 Dec 2011
The total amount of U.S. segregated funds of former customers of failed brokerage MF Global is now estimated at $5.9 billion, said Kent Jarrell, spokesman for trustee James Giddens...
23 Dec 2011
General Electric Co acknowledged that three former traders at a finance unit engaged in bid-rigging of municipal bonds and agreed to pay authorities $70.4 million...
23 Dec 2011
A meeting with members of the EC antitrust case team was factual and cordial, two people familiar with the meeting said, but executives and regulatory officials appeared to...
23 Dec 2011
China's state news agency Xinhua plans to list its online portal in a 1 billion yuan ($157.8 million) stock market offering in Shanghai with China International Capital Corp underwriting the deal, two sources with knowledge of the matter said on Friday...
23 Dec 2011
Mexican plastics pipe maker Mexichem raised its offer for Dutch rival Wavin by 11 percent to 505 million euros ($659.79 million), winning the company's support to start due diligence in January and pushing up its shares...
23 Dec 2011
The deal, which also includes Chinese investment in the wider economy, is the brightest news for Portugal since it was forced to seek a 78 billion euro bailout…
23 Dec 2011
The Public Company Accounting Oversight Board (PCAOB) watchdog released the inspection report publicly for the first time on Thursday. It encompassed a review of 62…
23 Dec 2011
The new funding comes along with an agreement between relevant Chinese government agencies to give CIC new money to manage every year, the sources said…
22 Dec 2011
A U.S. judge denied a request by Citigroup to overturn a $54.1-million arbitration ruling in favor of a group of investors for losses incurred in a series of municipal bond funds...
22 Dec 2011
Global miner Anglo American has sued Chile's Codelco for breach of contract, seeking to void a disputed agreement that could see the state copper producer...
22 Dec 2011
Shareholders of Maple Leaf Foods Inc have approved the company's shareholder rights plan, and the Toronto Stock Exchange has accepted it...
22 Dec 2011
Canada's top court derailed government plans to consolidate a patchwork system of provincial securities regulators, ruling that proposed federal legislation violated provincial rights...
22 Dec 2011
Akamai Technologies Inc said it will buy rival Cotendo in a $268 million cash deal that will eliminate a tough competitor and strengthen its web acceleration business...
22 Dec 2011
The Financial Industry Regulatory Authority fined Barclay's Capital Inc. $3 million for inadequate supervision and misrepresentation of data relating to the issuance...
22 Dec 2011
U.S. private equity firm Lone Star said it had bought Lloyds Banking Group's Project Royal portfolio of debt, worth more than 900 million pounds...
22 Dec 2011
China's Yanzhou Coal Mining Co Ltd said it plans to merge its Australian unit with Gloucester Coal in a A$700 million deal that will create one of Australia's largest...
22 Dec 2011
China Three Gorges won the competition to buy Portugal's stake in utility EDP, paying 2.7 billion euros, in a privatisation seen key to the indebted...
22 Dec 2011
Deutsche Boerse won U.S. antitrust approval to buy NYSE Euronext in a $9 billion deal that has hit serious antitrust headwinds in Europe...
22 Dec 2011
Vulcan Materials Co rejected Martin Marietta Materials Inc's $5 billion takeover bid, and said the offer undervalued the company and would not increase shareholder value...
22 Dec 2011
It's tough enough for offshore creditors of Chinese firms to get their money back when businesses run into trouble. The complex corporate structure of Chinese timber firm Sino-Forest...
22 Dec 2011
News and information provider Thomson Reuters Corp said it has pulled the sale of its healthcare business, as tough economic conditions...
22 Dec 2011
EBay Inc said it bought BillSafe, a purchase and invoicing technology provider with clients in Germany, and will combine it with its PayPal online payments service...
22 Dec 2011
British Airways owner IAG has agreed to buy Lufthansa's British unit bmi for 172.5 million pounds, seeing off rival bidder Virgin in the race to grab...
22 Dec 2011
Carmaker BMW has bought a slightly higher stake in carbon fibre maker SGL Group than initially flagged and signalled it might buy even more shares...
22 Dec 2011
The Dom Perignon is still flowing at the exclusive Bar al Leone that is a regular haunt for employees of Switzerland's oldest bank brand. But the men in tailored suits are more likely to be drowning their sorrows than toasting a new deal...
22 Dec 2011
TeliaSonera is to pay $1.52 billion to buy 49 percent of Kazakh mobile operator Kcell and then carry out an initial public offering of a quarter of Kcell's shares...
22 Dec 2011
The report said the world's second-largest economy aimed to transform from a "made in China" to a "designed in China" market, with the government pushing…
22 Dec 2011
The offer - the latest among proposals put forth in recent months to resuscitate the once high-flying Internet company - is expected to be considered by Yahoo's board on Thursday, sources said…
21 Dec 2011
HSBC, Europe's biggest bank, is retreating from Japan's private banking market, selling a business that serves the wealthy to Credit Suisse...
21 Dec 2011
Heungkuk Life Insurance Co has withdrawn a lawsuit against Goldman Sachs & Co over the Timberwolf collateralized debt obligation and will arbitrate the case instead...
21 Dec 2011
U.S. securities regulators adopted new rules designed to protect less sophisticated people from investing in private placements and other securities offerings...
21 Dec 2011
Investment fund Macquarie Infrastructure Partners II has agreed to buy WCA Waste Corporation in a cash deal valued at $526 million...
21 Dec 2011
Defunct hedge fund Amaranth Advisors, which lost some $6 billion in natural gas futures trades gone wrong in 2006, settled a $77.1 million class action lawsuit...
21 Dec 2011
E*Trade Financial and its insurers have agreed in principle to pay $79 million to settle class action lawsuits brought against the online brokerage as a result of...
21 Dec 2011
European Commission antitrust officials showed no sign of being swayed by Deutsche Boerse and NYSE Euronext's last-ditch arguments to save their $9 billion deal...
21 Dec 2011
Oshkosh Corp has sent a proxy card to shareholders recommending they ignore an effort by billionaire investor Carl Icahn to install his own board members...
21 Dec 2011
Goldman Sachs claimed the spot as the top U.S. M&A adviser in 2011 as rivals JP Morgan and Morgan Stanley fell in the standings due to the collapse of AT&T's...
21 Dec 2011
Kevin Ryan, chief executive of online retailer Gilt Groupe, is keeping close tabs on congressional legislation that might enable him to have more shareholders...
21 Dec 2011
Avast Software B.V. filed with U.S. regulators to raise up to $200 million in an initial public offering of common stock...
21 Dec 2011
The Department of Justice approved Exelon Corp's purchase of Constellation Energy Group Inc on the condition it divest three electricity generating plants in Maryland...
21 Dec 2011
Japanese prosecutors raided offices of Olympus Corp and the home of a former executive on Wednesday in a probe into a $1.7 billion accounting scandal that has threatened the survival of the once-proud camera and medical equipment maker...
21 Dec 2011
Vega Asset Management has resigned from a group of private creditors leading talks with Greece and its international lenders over a restructuring of its debt...
21 Dec 2011
Barclays Plc and Bank of America Corp have asked a U.S. court to deny Lehman Brothers' request to speed up the submission of documents relating to a disputed sale...
21 Dec 2011
Sun-Times Media Group Inc, the publisher of Chicago's No. 2 newspaper Chicago Sun-Times, will be bought by a group of Chicago-based owners led by Michael Ferro...
21 Dec 2011
Shareholders of Medco Health Solutions Inc overwhelmingly approved its $29 billion acquisition by rival pharmacy benefit manager Express Scripts Inc...
21 Dec 2011
Tokio Marine said it will buy U.S. insurer Delphi Financial Group for $2.7 billion and is eyeing other acquisition targets, as Japan's No.2 property-casualty insurer...
21 Dec 2011
Robert Bosch, the world's top automotive supplier, will enter one of the last profitable niches of the solar industry by acquiring the inverter business of Conergy...
21 Dec 2011
The sale of Mercator , Slovenia's largest food retailer, to Croatian rival Agrokor has been suspended after the resignation of the chief executive of Nova Ljubljanska Banka, the country's largest bank...
21 Dec 2011
California Attorney General Kamala Harris sued Fannie Mae and Freddie Mac on Tuesday in an effort to expand her probe into the companies' mortgage foreclosure practices...
21 Dec 2011
Deutsche Telekom may be forced into a tie-up of its sub-scale U.S. wireless unit with Sprint Nextel after a $39 billion deal with AT&T collapsed...
21 Dec 2011
Brazil's state-run oil company Petrobras is studying ways to help raise capital for some of its suppliers to ensure they can meet deliveries of equipment and services...
20 Dec 2011
Insurance brokerage firm Aon Corp will pay $16.2 million to settle criminal and civil charges that it paid bribes to foreign government officials over more than two decades...
20 Dec 2011
The Federal Reserve proposed new capital and liquidity rules for the largest U.S. banks that would roll out in two phases and not likely go further than international standards...
20 Dec 2011
Wall Street will be required to report complex swap trades in "real time" under a final rule the U.S. futures regulator approved, moving to lift the veil on the murky $700 trillion market...
20 Dec 2011
Natural-gas focused Copano Energy LLC said it formed a joint venture with Magellan Midstream Partners L.P. in the liquids-rich Eagle Ford shale play...
20 Dec 2011
Hedge fund manager David Einhorn is taking an even harder line against Green Mountain Coffee Roasters, his big short trade, claiming a recent audit committee review...
20 Dec 2011
The Federal Reserve proposed new rules to restrain risk-taking by the largest U.S. banks as it tries to make the financial system more resilient against future crises...
20 Dec 2011
The U.S. trustee for bankrupt MF Global Holdings Inc is working to recover $700 million of client funds held by the broker's UK affiliate for U.S. customers...
20 Dec 2011
The world's biggest luxury group, LVMH, has increased its stake in leather bag maker Hermes to 22.3 percent and now has 16 percent of voting rights...
20 Dec 2011
Deutsche Boerse and NYSE Euronext have offered to cap fees on trading in their European derivatives contracts for three years in a last-ditch effort...
20 Dec 2011
Chinese-controlled Yancoal Australia is in talks to buy Gloucester Coal to create Australia's top independent coal miner, three sources said on Tuesday, as strong Asian demand drives a boom in coal deals...
20 Dec 2011
TransCanada Corp said it agreed to buy 86 megawatt of solar power projects in Ontario from a unit of panel maker Canadian Solar Inc for $470 million...
20 Dec 2011
Famed Swedish car maker Saab was declared bankrupt by a court, ending a nine-month survival battle by its Dutch owner...
20 Dec 2011
Apple has bought Israel's Anobit, a maker of flash storage technology, for up to $500 million, the Calcalist financial daily reported...
20 Dec 2011
Olympus Corp is preparing to issue about $1.28 billion (100 billion yen) in new shares, with Japanese high-tech stalwarts Sony and Fujifilm seen as possible buyers, as it tries to bolster its depleted finances, the Nikkei business daily reported...
20 Dec 2011
Belgian cinema operator Kinepolis is acquiring local advertising agency Brightfish to give it a foothold in the screen advertising market...
20 Dec 2011
Cash-strapped Indian carrier Kingfisher Airlines has not deposited with the government most of the income tax it deducted from its employees' salaries for the last two fiscal years, a government minister told lawmakers on Tuesday....
20 Dec 2011
Indian oil and gas major Reliance Industries denied on Tuesday a media report that the company was interested in buying a stake in TV firm Network 18...
20 Dec 2011
Packaging producer International Paper Co said it has agreed with the U.S. Department of Justice to extend the regulatory review period for its planned $3.7 billion purchase of rival Temple-Inland Inc...
20 Dec 2011
The U.S. futures regulator on Monday said it was granting a second dose of relief to the massive swaps market, pushing back the compliance deadline for key rules to the middle of next year…
20 Dec 2011
Hundreds of thousands of U.S. taxpayers must reveal for the first time detailed information about foreign stock holdings, pensions and life insurance policies, under new U.S. Internal Revenue Service rules detailed on Monday…
20 Dec 2011
The Supreme Court of Canada will rule on Thursday on whether the federal government has the power to create a national securities regulator, which Ottawa hopes would replace the existing patchwork of provincial watchdogs…
20 Dec 2011
The New York state attorney general and the inspector general for the Federal Housing Finance Agency, the regulator for Fannie Mae and Freddie Mac, are cooperating to probe how banks pooled mortgages and sold them to investors before the housing bust…
20 Dec 2011
AT&T has dropped its controversial $39 billion bid for Deutsche Telekom's wireless U.S. unit, bowing to regulatory opposition over the deal that would have made it the largest cellphone operator in the country...
20 Dec 2011
European Goldfields , which has agreed to a C$2.5 billion ($2.4 billion) takeover by Canadian group Eldorado Gold, is hoping to keep an investment deal with Qatar's sovereign wealth fund as a fallback option...
20 Dec 2011
Prince Alwaleed bin Talal, the Saudi billionaire and an investor in some of the world's top companies, has bought a stake in microblogging site Twitter for $300 million, gaining another foothold in the global media industry...
20 Dec 2011
Etihad Airways is taking a stake of almost 30 percent in Germany's Air Berlin, becoming the first Gulf carrier to challenge European legacy airlines by putting cash on the table to gain scale...
20 Dec 2011
Dubai's Emaar Properties, the emirate's largest real estate developer, has put up its crown jewel asset -- Dubai Mall -- to secure $1 billion of lending to help refinance upcoming debt amid difficult funding conditions...
20 Dec 2011
Hyundai Heavy Industries (009540.KS), the world's largest shipbuilder, has won an about $1 billion worth deal to build an offshore gas platform for a field in Nigeria for a…
20 Dec 2011
Senior officials from the company met lenders on Friday, telling them they would come up with a new business plan in early May that could include equity tie-ups to bolster its…
19 Dec 2011
NDS Group Holdings Ltd, which provides software services to pay television, filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock...
19 Dec 2011
European Goldfields Ltd said on Sunday that it had agreed to be bought by Eldorado Gold Corp for about C$2.5 billion...
19 Dec 2011
The filing of civil fraud charges against Fortress Investment Group CEO Daniel Mudd should not have come as a big surprise to the hedge fund company...
19 Dec 2011
Food retailer Winn-Dixie Stores Inc agreed to go private in a $560 million all-cash deal with smaller rival Bi-Lo LLC, the latest grocery chain that is betting on...
19 Dec 2011
Commercial Metals asked its shareholders to reject billionaire investor Carl Icahn's $15-a-share tender offer, reiterating that the buyout bid was...
19 Dec 2011
Sino-Forest, a China-focused forestry company accused of fraud, said it received notices of default from its noteholders and set up a committee to look at options...
19 Dec 2011
William Lyon Homes has filed for pre-packaged bankruptcy protection to recapitalise the company by cutting debt, after the U.S. homebuilder won creditor support...
19 Dec 2011
China's Yanzhou Coal Mining Co Ltd plans to buy Gloucester Coal Ltd for at least $2 billion in a cash and stock deal...
19 Dec 2011
(Reuters) The Federal Reserve is expected to release this week a highly anticipated proposal for how it will oversee the largest U.S. banks, a person familiar with the plan said on Monday.
19 Dec 2011
(Reuters) The London Metal Exchange (LME) has agreed to pursue self-clearing of trades, it announced on Monday, a move traders say is designed to make the firm more attractive ahead of a potential sale next year.
19 Dec 2011
Banks across the world will have to use a common format for disclosing the size and quality of their capital safety buffers from 2013 to help reassure investors they are stable...
19 Dec 2011
Israel's state-owned electric utility has agreed to buy natural gas worth $8 billion from the partners developing the Tamar site off Israel's Mediterranean coast...
19 Dec 2011
An Egyptian administrative court has ruled that the sale of a state-owned company more than 13 years ago was null and void, sparking fears that ownership of a large number of firms on the bourse may be in doubt...
18 Dec 2011
Six former top executives at Fannie Mae and Freddie Mac were sued by U.S. regulators on charges of misleading investors about the mortgage finance companies' exposure to risky home loans in the run-up to the 2008 financial crisis…
16 Dec 2011
A law firm that led mortgage bondholders to extract a $8.5 billion settlement from Bank of America Corp is turning its sights on JPMorgan Chase & Co...
16 Dec 2011
U.S. taxpayers may finally feel a little sense of justice after shelling out over $150 billion to bail out Fannie Mae and Freddie Mac. The Securities and Exchange Commission has charged...
16 Dec 2011
The Financial Industry Regulatory Authority is considering filing a rule proposal that would empower it to use court proceedings for collecting restitution...
16 Dec 2011
Kirk Kerkorian-backed Delta Petroleum Corp filed for Chapter 11 bankruptcy protection, as unproductive assets hindered the gas-focussed energy company's...
16 Dec 2011
Boyer Allan Investment Management is shutting two of its hedge funds after losses and a fall in assets this year, four sources familiar with the matter said...
16 Dec 2011
EU regulators are investigating whether agreements between U.S. conglomerate Honeywell International Inc. and U.S. chemicals company DuPont related to a new refrigerant for car air conditioning systems may have breached EU antitrust rules....
16 Dec 2011
The company which created "Angry Birds," the world's most popular computer game, is considering a stock market flotation in Hong Kong, joining the many foreign firms who have gone public there.
16 Dec 2011
When Warren Buffett's Berkshire Hathaway Inc offered Bank of America Corp $5 billion of much-needed equity in August, the bank's directors turned to private equity giant Blackstone Group LP for quick advice.
16 Dec 2011
Russian companies moving to London are expected to start making use of their new-found acquisition currency as they seek a higher international profile -- or a route to cash out -- after their stock market listings...
16 Dec 2011
Japan signalled plans to strengthen disclosure rules on mergers and acquisitions after a $1.7 billion accounting fraud at Olympus Corp, one of the nation's worst corporate scandals, which involved a series of shady deals...
16 Dec 2011
Private equity groups Nordic Capital and CVC are to form a new leading Swedish chocolate and candy company by joining their LEAF company with well-known name Cloetta, the companies said on Friday.
16 Dec 2011
The $285 million pact was rejected by U.S. District Judge Jed Rakoff last month as "pocket change" for Citigroup. In that ruling, the judge criticized…
16 Dec 2011
Creating a self-regulatory organization to examine U.S. investment advisers would cost at least twice that of ramping up exams by the U.S. Securities and Exchange Commission, according to…
16 Dec 2011
Global accounting rule setters have ended a deadlock over how to force banks to book losses on loans earlier, so that they have time to replenish capital cushions...
15 Dec 2011
Two of Hong Kong's biggest recent initial public offerings slumped in their trading debuts on Thursday, falling victim to weak investor demand that has pressured new listings in the once booming global IPO powerhouse…
15 Dec 2011
Enforcement staff of the Securities and Exchange Commission may request the commissioners leading the agency that they appeal last month's rejection by a U.S. district judge of a proposed $285 million settlement with Citigroup…
15 Dec 2011
Deutsche Boerse's home regulator is insisting concessions to win European approval for its $9 billion tie-up with NYSE Euronext…
15 Dec 2011
Lam Research Corp, a supplier of wafer fabrication equipment, agreed to buy smaller rival Novellus Systems Inc for $3.3 billion in stock as it looks to gain cutting-edge technology and become more efficient…
15 Dec 2011
ConocoPhillips and Exxon Mobil Corp led a group of 20 companies that bid over $337 million for rights to drill in the deep waters of the Gulf of Mexico in the first federal auction since the disastrous 2010 Macondo oil spill...
15 Dec 2011
Coca-Cola Co is buying a stake in Saudi Arabia-based beverage company Aujan Industries for $980 million in what is seen as a bid to catch up with rival PepsiCo Inc in the Middle East...
15 Dec 2011
A bankruptcy judge approved on Wednesday a deal to allow collapsed broker MF Global Holdings Ltd to finance the rest of its bankruptcy with about $21 million in cash pledged as collateral to JPMorgan Chase & Co, one of its primary lenders...
15 Dec 2011
Regulators and the world's $700 trillion derivatives industry are closely watching a legal battle that began in Britain on Wednesday and which will fuel a sea change in swaps payouts...
15 Dec 2011
U.S. regulators now have a full picture of money transfers in the final days of bankrupt brokerage MF Global, and are working to sort out which transactions were legitimate....
15 Dec 2011
Saudi Aramco, China Petroleum & Chemical Corp (Sinopec) and CNOOC Ltd are each in talks to buy up to a 30 percent stake U.S. oil and gas services company Frac Tech International...
15 Dec 2011
The failure of Royal Bank of Scotland shows bank reform still has some way to go. Many of the factors identified in the Financial Services Authority's 452-page report into the UK lender's near-collapse and rescue are relics of a different era…
14 Dec 2011
A judge approved a shareholder class action settlement over the controversial buyout of J Crew Group Inc on Wednesday, and blasted the retailer's sale process as "icky"…
14 Dec 2011
Customers still have no explanation of what happened to MF Global and some $1 billion missing from its customer accounts more than a month after the firm's failure. And regulators struggling to solve the mystery are now forced to play catch-up.
14 Dec 2011
Australian gas distribution firm Hastings Diversified Utilities Fund rejected on Thursday a A$1 billion ($990 million) cash and scrip offer from rival APA Group, potentially opening the door for negotiations or other bidders…
14 Dec 2011
South Korea is considering selling at least $864.9 million worth of its controlling stake in Korea Aerospace Industries (KAI) next year under a privatisation plan, a source familiar with the matter said on Thursday...
14 Dec 2011
Disgraced Olympus Corp said on Thursday it aims to hold an extraordinary shareholders' meeting in March or April…
14 Dec 2011
Private equity firm CVC has dropped an idea to split its A$2.6 billion ($2.6 billion) of debt in Australia's Nine Entertainment, with talks on refinancing likely to go well into 2012, a source said on Thursday...
14 Dec 2011
China Gas Holdings rejected an unsolicited $2.2 billion cash bid from state energy giant Sinopec and ENN Energy, saying it failed to reflect the fundamental value of the company…
14 Dec 2011
Japan's scandal-ridden Olympus Corp restated some of its crooked accounts on Wednesday, revealing that a 13-year accounting fraud had put a dent in its balance sheet, but the result defied investors' worst fears...
14 Dec 2011
Britain's consumer watchdog launched a probe into the motor insurance market amid concerns that a lack of competition between vehicle repair and replacement companies is inflating the cost of cover…
14 Dec 2011
News and information provider Thomson Reuters Corp has offered concessions to settle a two-year EU antitrust investigation into the use of proprietary codes to access financial data, the European Commission said on Wednesday...
14 Dec 2011
A JPMorgan unit cannot force insurers to pay a $250 million settlement between failed investment bank Bear Stearns and government regulators, a state appeals court ruled on Tuesday...
14 Dec 2011
Tumi Holdings Inc, a maker of luxury baggage and accessories, filed with U.S. regulators on Tuesday to raise up to $300 million in an initial public offering of its common stock…
14 Dec 2011
The regulatory arm of CME Group has turned over interviews to the Justice Department that allege former MF Global chief Jon Corzine knew that the now-bankrupt brokerage firm used customer money to lend to a European affiliate...
14 Dec 2011
Pfizer Inc (PFE.N), the world's biggest drugmaker, named Chief Executive Ian Read to the additional post of chairman and authorized buying back company stock for up to $10 billion…
14 Dec 2011
Qatar Petroleum (QP) has completed a $10.4 billion financing of its Barzan gas project even though a difficult economic climate has put a freeze on global syndicated lending...
14 Dec 2011
Private equity firm Thomas H. Lee Partners LP is in the lead to buy consumer-health assets from the world's No. 2 drugmaker GlaxoSmithKline Plc and a deal may be announced this week...
14 Dec 2011
Caterpillar Inc said on Tuesday it remained in talks with interested parties over a potential sale of its third-party logistics business, but several factors including the global economic environment have caused delays in reaching a deal...
14 Dec 2011
The Federal Deposit Insurance Corp has shown more fizzle than fight in settling with three former Washington Mutual executives…
14 Dec 2011
A state appeals court on tossed a lawsuit filed by JPMorgan asserting that a $250 million settlement between Bear Stearns and the Securities and Exchange Commission should be covered by the bank's insurers…
14 Dec 2011
Just days before it declared bankruptcy on Oct. 31, MF Global concluded it could remain solvent even if a major ratings downgrade limited its access to funding, according to an internal "break-the-glass" plan...
14 Dec 2011
"Sovereigns and banks continue to show the greatest downgrade risk. The entities in these two sectors are concentrated in Europe, with 25 European sovereigns and…
14 Dec 2011
A court is due to decide on Friday whether to keep Saab in a scheme which grants it protection from creditors while it secures itself a stable future. The administrator…
14 Dec 2011
The London Stock Exchange could boost its fledgling European futures business by snatching assets spun off by Deutsche Boerse and NYSE Euronext seeking to secure their $9 billion merger…]
13 Dec 2011
The settlement, announced by Federal Deposit Insurance Corp officials, is part of efforts by the agency to sue former banking executives to recover funds from a rash of bank closures…
13 Dec 2011
Europe's smallest companies won't have to file annual reports under EU rules after the bloc's parliament agreed exemptions on Tuesday to cut costs and red tape…
13 Dec 2011
Prosecutors charged eight former Siemens AG executives with paying $100 million in bribes for more than a decade to Argentina officials to help win a $1 billion contract to produce national identity cards…
13 Dec 2011
Wells Fargo & Co must pay $500,000 to a broker who alleged the firm made defamatory statements about him in a regulatory filing, according to a ruling by a Financial Industry Regulatory Authority arbitration panel…
13 Dec 2011
AT&T Inc and Sprint Nextel Corp asked a U.S. court on Tuesday to delay hearings in their private litigation over whether the telecommunications giant can buy T-Mobile USA, and the judge promptly agreed…
13 Dec 2011
Cash-rich corporations and a stable economy will drive mergers and acquisitions in Canada in 2012, and lower commodity prices may spur opportunistic buying of resource companies…
13 Dec 2011
Morgan Stanley and MBIA Inc have agreed to a settlement that will remove some risky derivative contracts from the bank's books and end lawsuits the two parties had filed against one another…
13 Dec 2011
Exchange operators NYSE Euronext and Deutsche Boerse AG offered more divestments in a bid to assuage European authorities' antitrust concerns over their proposed $9 billion merger…
13 Dec 2011
An independent arbitrator cleared the way on Tuesday for mining group Rio Tinto Plc/Ltd to take over Ivanhoe Mines Ltd, saying the $16 billion Canadian group's "poison pill" defense was not valid…
13 Dec 2011
Smaller investment banks are hoping to earn more fees at the expense of larger rivals after Britain's financial watchdog called for independent advice on takeovers in its report into the near-collapse of Royal Bank of Scotland…
13 Dec 2011
Exchange operators NYSE Euronext and Deutsche Boerse on Tuesday offered more divestments in a bid to assuage European authorities' antitrust concerns over their proposed $9 billion merger...
13 Dec 2011
A move by the London Metal Exchange to add clearing operations is likely to drive up the sale price of the world's premier metals market and sway some shareholder votes in favour of a takeover...
13 Dec 2011
HSBC Holdings Plc has withdrawn from lawsuits challenging bond insurer MBIA Inc's $5 billion restructuring, leaving six banks still in the cases…
13 Dec 2011
MarkWest Energy Partners said it plans to buy out Energy and Minerals Group's 49 percent interest in a joint venture project in the Marcellus shale for an upfront payment of $1 billion in cash…
13 Dec 2011
Antitrust regulators approved Valeant Pharmaceutical's acquisition of the dermatology units of Sanofi and Johnson & Johnson, on the condition that it sell the rights to three prescription drugs
13 Dec 2011
Emirates Aluminium (Emal), a joint venture between Abu Dhabi's Mubadala and Dubai Aluminium (Dubal), plans to invest $3.8 billion for its phase two development as it ramps up production to become the single largest greenfield smelter in the world...
13 Dec 2011
AT&T is considering whether or not it will try to revise its planned purchase of T-Mobile USA, the company's first signal that it may have to give up on the proposed $39 billion merger...
13 Dec 2011
The deals mark the latest push in Australia to increase its share of a growing global appetite for liquefied natural gas (lng), a form of gas converted temporarily into a liquid…
13 Dec 2011
The tie-up, designed to tap into booming Asian coal demand, is the latest in Australia's hottest deal sector and involves one of the country's most colorful rags-to-riches mining magnates, former electrician Nathan Tinkler…
13 Dec 2011
The company was set to price the offering on Monday after last week's market roil delayed the pricing on Friday….
12 Dec 2011
U.S. securities regulators charged a unit of pharmaceutical giant GlaxoSmithKline and its former chief executive and chairman with defrauding employees in the company's stock plan by buying back their stock at undervalued prices…
12 Dec 2011
Federal securities regulators on Monday sued a brokerage industry backed fund on behalf of victims who lost money in Allen Stanford's alleged $7 billion (4.5 billion pounds) Ponzi scheme and have yet to recover any funds…
12 Dec 2011
Lee Enterprises Inc, which publishes 48 daily newspapers including St. Louis Post-Dispatch, filed for Chapter 11 bankruptcy protection to refinance nearly $1 billion in debt, as newspapers struggle with falling advertisement dollars and dwindling readership…
12 Dec 2011
Bank takeovers should face deeper scrutiny and directors be more accountable for their actions, Britain's finance watchdog said in a long-awaited report into Royal Bank of Scotland's near collapse…
12 Dec 2011
Construction aggregates maker Martin Marietta Materials Inc made an unsolicited $5 billion offer to buy larger rival Vulcan Materials Co in stock, in a bid to create the global leader in the industry…
12 Dec 2011
Zvi Goffer, a former securities trader known as "Octopussy" because of his many sources of information, has agreed to pay $1.6 million to settle Securities and Exchange Commission civil charges of insider trading…
12 Dec 2011
Oshkosh Corp said Carl Icahn is only "pursuing his own personal agenda" with his 10 percent stake in the company, days after the billionaire investor repeated his proposal seeking to merge the specialty truck maker with Navistar…
12 Dec 2011
Time Warner has offered 1 billion euros ($1.34 billion) in cash to buy television production company Endemol, maker of Big Brother, which is trying to restructure about 2 billion euros of debt, an Endemol spokesman said…
12 Dec 2011
Oil and natural gas producer Rosetta Resources forecast an increase in production for next year, but disappointing results from its exploratory well program in the Southern Alberta Basin sent its shares down as much as 11 percent…
12 Dec 2011
U.S. tower company American Tower Corp said it will acquire up to 2,500 telecommunication towers from Spain-based Telefónica's Mexican unit for roughly $500 million…
12 Dec 2011
Richard Branson's Virgin Atlantic has gatecrashed rival British Airways' deal to buy Lufthansa AG's UK unit bmi, agreeing a counterbid it hopes will be more appealing to regulators…
12 Dec 2011
For years, a group of about 20 guys would gather in San Francisco's Golden Gate Park or the neighboring Presidio Park for weekend games of soccer. Among them was a man whose 5-foot 6-inch stature belied his ruthless competitiveness and who was usually accompanied by his American bulldog, Zinga…
12 Dec 2011
The London Stock Exchange is buying British publisher Pearson's 50 percent stake in FTSE International for 450 million pounds ($703 million) to take full control of the index firm and ramp up its derivatives business…
12 Dec 2011
Since the credit crunch of 2008, British banks have been accumulating equity stakes in hundreds of ailing companies they had lent to…
12 Dec 2011
A regional regulator said it had raised some objections to exchange operator Deutsche Boerse's takeover of NYSE Euronext and was awaiting a reply…
12 Dec 2011
Royal Bank of Scotland gambled with its purchase of Dutch bank ABN Amro and was dragged to the brink of collapse three years ago by poor management decisions and flawed regulation and supervision, a report said on Monday…
12 Dec 2011
Swiss engineering group ABB said on Monday it would buy Swiss company Newave for 170 million Swiss francs ($184.02 mln) in cash, as it seeks to beef up its position in the power control and quality market…
12 Dec 2011
Swiss engineering group ABB said on Monday it would buy Swiss company Newave for 170 million Swiss francs ($184.02 mln) in cash, as it seeks to beef up its position in the power control and quality market...
12 Dec 2011
Standard Chartered is in discussions with regulators to offer Islamic banking services in Oman and Nigeria, now that both countries are revamping their regulatory environments to encourage Islamic finance...
12 Dec 2011
Bahrain's central bank has urged five Islamic banks to merge early next year as it seeks to strengthen the banks' capital bases...
12 Dec 2011
China's second-largest publicly traded brokerage delayed pricing its up to $1.7 billion Hong Kong listing, spooked by falling stock markets, underlining shaky confidence in new issues as other…
11 Dec 2011
Britain's financial regulator is tightening its oversight of commercial property lending and has ordered banks to improve the way their internal models measure risk, the Financial Times reported…
10 Dec 2011
U.S. financial regulators told billionaire investor Philip Falcone that they plan to charge him and his hedge funds with having broken securities laws...
10 Dec 2011
A judge approved a $2.2 billion transfer to U.S. commodities customers of fallen brokerage MF Global on Friday as a trustee acknowledged there were suspicious transfers leading up to its Oct. 31 collapse...
10 Dec 2011
Haitong Securities Co Ltd , China's second-largest brokerage, delayed to Monday the pricing of its up to $1.7 billion share offering in Hong Kong as Europe's sovereign debt crisis buffeted global markets...
10 Dec 2011
Blue Coat Systems Inc, which makes equipment that secures, monitors and speeds Internet traffic, has agreed to be taken private for $1.1 billion in a deal that throws a lifeline to a company beset by falling sales and a U.S. government probe into use of its products by Syria...
10 Dec 2011
AT&T's decision to focus on its antitrust battle with the U.S. Justice Department for its purchase of T-Mobile may have backfired, irritating the judge overseeing the case and laying the groundwork for a possible deal-killing delay...
10 Dec 2011
Kazakhstan is poised next week to acquire 10 percent of Karachaganak, ending a long dispute with the foreign owners of a field that contributes half of the country's gas and ensuring the state now owns part of every big energy project on its soil...
9 Dec 2011
The lawyer for Philip Falcone's hedge fund is finding herself in the hot seat with U.S. securities regulators…
9 Dec 2011
Takeover defense measures such as poison pills and staggered boards are at their lowest levels in more than a decade, making U.S. companies more vulnerable at a time when hostile bids are expected to rise...
9 Dec 2011
As 31 European banks start a search for ways to plug a 115 billion euro ($153 billion) capital hole by June, the use of debt that converts into equity looks unlikely to be the salvation for many...
9 Dec 2011
Pharmaceutical giant Pfizer Inc will expand its research and development team in China and is in talks with Chinese research outfits on possible collaboration, its senior executives said on Friday...
9 Dec 2011
Chow Tai Fook Jewellery Group Ltd priced its $2 billion IPO at the bottom end of expectations on Friday, the latest of a slew of Hong Kong offerings to aim low as volatile global markets limit investor appetite for new listings...
8 Dec 2011
Japan's regulator Securities and Exchange Surveillance Commission will ask the Financial Services Agency to punish Citigroup Global Markets Japan Inc for...
8 Dec 2011
Greece's securities regulator extended a short-selling ban on the Athens stock exchange that was due to expire on Friday to January 27, it said after a board meeting...
8 Dec 2011
Spain's Banco Sabadell said it would aim to raise up to 1 billion euros via a rights issue following the acquisition of rescued regional savings bank Caja de Ahorros del Mediterraneo...
8 Dec 2011
Ford Motor Co restored its dividend for the first time in five years with a quarterly payout of 5 cents per share that the No. 2 U.S. automaker said it could maintain during any future downturn...
8 Dec 2011
U.S. securities regulators are closing a long-running investigation into allegations that two well-known hedge funds conspired to spread negative information...
8 Dec 2011
Wachovia Bank, owned by Wells Fargo & Co, agreed to pay $148 million in a settlement with state and federal authorities over allegations of bid-rigging and other abuses...
8 Dec 2011
General Electric Co and Microsoft Corp are forming a joint venture to develop and sell software systems to make it easier for healthcare providers to store...
8 Dec 2011
Alibaba Group is seeking up to $4 billion in debt financing in a deal expected to help the Chinese e-commerce giant buy back a 40 percent stake in the company owned by Yahoo Inc...
8 Dec 2011
The London Stock Exchange has countered a string of concerns about its new listings market and put forward proposals to increase its competitiveness...
8 Dec 2011
International Business Machines plans to buy analytics software provider DemandTec for about $440 million in cash...
8 Dec 2011
American Laser Centers LLC has filed for bankruptcy protection along with its parent, as a weak economy dampened demand for its laser hair removal treatments...
8 Dec 2011
The Polish competition watchdog has agreed to telecom operator Netia's takeover of Crowley Data Poland, it said in a statement...
8 Dec 2011
New China Life Insurance Co Ltd, the country's third-biggest life insurer, raised about $1.9 billion in a dual IPO in Hong Kong and Shanghai...
8 Dec 2011
One of China's top life insurers and a leading luxury auto dealer have priced $2.3 billion in IPOs at the low end of expectations, a symptom of shaky confidence in markets...
8 Dec 2011
Private equity firm CVC failed to reach a deal with creditors to refinance A$2.6 billion of debt in Nine Entertainment, sources said, putting the future ownership of...
8 Dec 2011
U.S. banks want regulators to give them more time to liquidate investments in certain private equity funds under the Volcker rule, arguing that without more leeway they will have to hold "fire sales"...
8 Dec 2011
Algeria's review of its energy legislation will not include scrapping a rule that gives the state energy firm a majority share in all upstream projects...
7 Dec 2011
Trading in Extract Resources was halted on Thursday ahead of a possible Chinese takeover of its top shareholder Kalahari Minerals , which could trigger a bid for the $2 billion Australian-listed uranium developer...
7 Dec 2011
U.S. banking regulators released their first proposal for replacing the work of much-maligned credit rating agencies in the rules that govern bank capital requirements...
7 Dec 2011
The financial regulator is expected next week to sharply criticise its own failings for not preventing the country's largest bank failure and label the aggressive expansion...
7 Dec 2011
EU antitrust regulators are set to accept concessions offered by International Business Machines Corp and end an antitrust investigation this month, averting a possible fine...
7 Dec 2011
Spain's loss-making regional savings bank Caja de Ahorros del Mediterraneo was sold to mid-sized bank Sabadell for one euro, after a 5.2-billion-euro rescue...
7 Dec 2011
JPMorgan Chase & Co said it has the authority to repurchase more of its shares after spending less money than regulators had allowed on dividends...
7 Dec 2011
Brokerages now have another reason to review technology safeguards: regulators are paying attention...
7 Dec 2011
Swedish carmaker Saab faced a fresh threat to its existence when a court-appointed administrator said its protection from bankruptcy should be removed due to...
7 Dec 2011
Goldman Sachs cut its holdings in disgraced camera maker Olympus to a 3.78 percent stake from 6.67 percent, a Japanese government filing showed...
7 Dec 2011
Research In Motion has unceremoniously dumped the "BBX" brand name it had chosen two months ago for its new BlackBerry operating system after a U.S. court...
7 Dec 2011
AMR Corp, the bankrupt parent of American Airlines, named Beverly Goulet, the carrier's treasurer, as the chief restructuring officer to oversee the Chapter 11 bankruptcy...
7 Dec 2011
(Reuters) EU antitrust regulators are set to accept concessions offered by International Business Machines Corp and end an antitrust investigation this month, averting a possible fine, two sources familiar with the matter said on Wednesday.
7 Dec 2011
Private equity firm Lone Star is the preferred bidder for Lloyds Banking Group's 1 billion pounds Project Royal portfolio of UK commercial property debt...
7 Dec 2011
J.C. Penney Co Inc bought a 16.6 percent stake in Martha Stewart Living Omnimedia Inc and will build mini-stores under that brand in a deal new Chief Executive Officer Ron Johnson called...
7 Dec 2011
Warren Buffett's MidAmerican Energy Holdings said it would make its first move into solar energy with the purchase of First Solar's Topaz Solar Farm power plant in California...
7 Dec 2011
Singapore-listed Chinese candy maker Hsu Fu Chi International said that China's commerce ministry had approved Nestle's plan to purchase a 60 percent stake in the company...
7 Dec 2011
KGHM's C$3 billion bid for Quadra FNX is widely being viewed as a low-ball offer, and its proposal may well result in a full-blown bidding war for the Canadian miner...
7 Dec 2011
Olympus Corp's board signaled plans to quit over a $1.7 billion accounting fraud, but will likely pick a team of potential successors, triggering a battle for control of the Japanese firm...
7 Dec 2011
South Korea's major shipbuilders have received requests to delay deliveries of 24 ships worth some $3 billion as the debt crisis in Europe bites, raising fears about a repeat of the 2008 downturn that hit the industry globally...
7 Dec 2011
Dubai, which narrowly averted a bond default in 2009, could use money raised by its sovereign wealth fund to help repay $3.8 billion in bonds owed by state-linked firms which mature next year...
7 Dec 2011
Etihad Airways dismissed a report that it would take a stake in Air Berlin...
7 Dec 2011
Saab owner Swedish Automobile (SWAN.AS) said on Monday a Chinese bank was in talks about taking a stake in Saab, although it declined to name the bank….
6 Dec 2011
Washington-based Arnold & Porter is acquiring San Francisco's Howard Rice Nemerovski Canaday Falk & Rabkin in a move that gives the East Coast law firm a strong California presence...
6 Dec 2011
Britain stepped up its fight against "unacceptable" bank bonuses by proposing improved disclosure on pay from next year, backed by shareholders also angered by the scale of rewards...
6 Dec 2011
The U.S. futures regulator plans to introduce its own Volcker rule proposal, similar to what other agencies have already embraced, the head of the agency told lawmakers...
6 Dec 2011
A federal judge rejected Bank of America Corp's request to disqualify the law firm representing insurer American International Group Inc in its $10 billion mortgage fraud lawsuit...
6 Dec 2011
Investors of Lehman Brothers have reached a $417 million settlement with units of Bank of America Corp, Morgan Stanley and more than 30 other underwriters...
6 Dec 2011
Four Chinese citizens were charged by the U.S. Securities and Exchange Commission with insider trading in shares of Global Education & Technology Group Ltd before the Beijing company...
6 Dec 2011
St. Louis-based Bryan Cave will merge with Colorado's Holme, Roberts & Owen on January 1, 2012. The combined firm, to be known as Bryan Cave, will have more than 1,100 attorneys...
6 Dec 2011
Lehman Brothers Holdings Inc won court approval for its reorganization plan, allowing it to end the largest bankruptcy in U.S. history and a major trigger of the 2008 global financial crisis...
6 Dec 2011
Title insurer First American Financial Corp said it was dropping its plan to acquire CoreLogic Inc, barely two months after it offered to buy its former unit...
6 Dec 2011
Global law firm Greenberg Traurig LLP will open a new office in Tel Aviv early next year, which it said will be the first full-time U.S. international legal office in Israel's main city...
6 Dec 2011
Helen of Troy Ltd will buy Procter & Gamble Co's PUR water filtration business, including manufacturing facilities, for an undisclosed sum to expand its consumer healthcare segment...
6 Dec 2011
Polish copper miner KGHM has agreed to buy Canadian rival Quadra FNX for a hefty premium, targeting the world's No.4 spot by expanding its asset base...
6 Dec 2011
General Motors Co said it would not support a proposed ownership structure for Saab that included a Chinese bank, moving the Swedish auto company closer to liquidation...
6 Dec 2011
Billionaire investor Carl Icahn went hostile with his bid to buy Commercial Metals Co, a day after the metals recycler rejected his $1.73 billion offer...
6 Dec 2011
A European Union watchdog said it was investigating credit rating agencies to look at how they rank sovereign bonds and other debt and could impose heavy sanctions...
6 Dec 2011
The legal giant Baker & McKenzie plans to open an office in the Turkish capital of Istanbul by the end of 2011, continuing a trend among international law firms angling for...
6 Dec 2011
European competition authorities are ready to block the $9 billion merger of NYSE Euronext and Deutsche Boerse unless the companies agree to new asset sales...
6 Dec 2011
China's banking powerhouse, China Development Bank Corp, signaled its global ambitions as it launched an overseas investment platform and signed strategic agreements with...
6 Dec 2011
Bank of America Corp agreed to pay $315 million to settle claims by investors who said they were misled about mortgage securities offerings by its Merrill Lynch unit...
6 Dec 2011
The European Commission is investigating whether e-book publishers owned by Lagardere , Pearson Plc, News Corp. and two other firms may have colluded with Apple...
6 Dec 2011
State-run Abu Dhabi National Energy Co (TAQA) is seeking up to $1.5 billion from a two-part bond issue due later on Monday as it raises funds to help refinance upcoming debt...
5 Dec 2011
Chongqing Changan Automobile Co , the Chinese partner of Japan's Suzuki Motor Corp, said on Tuesday that it planned to spend up to HK$610 million ($78.5 million) to buy back its hard-currency denominated B-shares...
5 Dec 2011
(Reuters) Tencent Holdings Ltd , China's biggest Internet company by revenue, is issuing $600 million worth of five-year U.S. dollar bonds, Thomson Reuters publication IFR said on Tuesday.
5 Dec 2011
Ernst & Young LLP has been sued for $900 million by the liquidators of a fund that once funneled money to the now-imprisoned swindler Bernard Madoff...
5 Dec 2011
Gas station operator Getty Petroleum Marketing Inc filed for Chapter 11 reorganisation, barely a week after its landlord Getty Realty Corp threatened to scrap...
5 Dec 2011
Commerzbank AG moved to fend off government intervention saying it would buy back 600 million euros of its own debt at a discount to shore up its capital...
5 Dec 2011
Entergy Corp struck a $1.78 billion deal with ITC Holdings Corp to exit its power transmission business, which was increasingly getting bogged down by...
5 Dec 2011
The lawyer who piloted United Airlines through the largest Chapter 11 bankruptcy case in that industry's history cautioned that American Airlines cannot just rely on...
5 Dec 2011
The insolvency of an Islamic mortgage lender in Canada may hinder the growth of sharia-compliant finance in North America, where the industry has struggled...
5 Dec 2011
Lehman Brothers Holdings Corp is about to take its last step toward exiting a more than three-year-long bankruptcy process, a move that should enable it to begin paying back...
5 Dec 2011
Past and present MF Global employees sued ex-CEO Jon Corzine and other executives over alleged misrepresentations they say destroyed the value of the company's stock...
5 Dec 2011
A New York creditor sued to collect 268 million euros owed under notes issued by Hellas Telecommunications Finance S.C.A., one of a group of companies organized...
5 Dec 2011
Equity Residential, which has signed an agreement to buy more than a quarter of apartment owner Archstone, is willing to wait years to get its hands on Archstone's assets...
5 Dec 2011
Eastman Kodak Co has hired law firm Sullivan & Cromwell to advise it on current refinancing efforts, the Wall Street Journal reported, citing people familiar with the matter...
5 Dec 2011
The U.S. futures regulator unanimously approved tighter limits on how brokerage firms can use customer funds, a measure the now-bankrupt MF Global...
5 Dec 2011
A top U.S. regulator added several more months to years of deliberation on whether the United States would switch to global accounting rules used in 120 countries...
5 Dec 2011
Defense contractor Raytheon Co said it bought privately held Pikewerks Corp to bolster its cybersecurity offerings...
5 Dec 2011
Private equity owned Roundy's Parent Co Inc filed for a $230 million initial public offering with U.S. regulators, taking advantage of the thaw in the U.S. IPO market...
5 Dec 2011
Spanish oil company Repsol took advantage of easing debt funding conditions on Monday to sell 850 million euros of four-year bonds...
5 Dec 2011
Commercial Metals Co rejected billionaire investor Carl Icahn's $1.73 billion bid to buy out the metals recycler, saying the offer substantially undervalued the company...
5 Dec 2011
Online gaming firm Nexon Co fixed the price for its $1.2 billion initial public offering at the mid-point of a pre-set range, following U.S.-based rival Zynga in settling for...
5 Dec 2011
The bankruptcy estate of Lehman Brothers Holdings is close to naming a new board of directors to help finish winding down the collapsed financial firm...
5 Dec 2011
Global private equity firm KKR & Co L.P. said that it would invest $60 million as a cornerstone investor in the Hong Kong initial public offering of China men's casual wear retailer...
5 Dec 2011
Britain's financial regulator slapped a record 10.5 million pound fine on HSBC for mis-selling investments to pay care home costs for older customers...
5 Dec 2011
SAP's $3.4 billion takeover of SuccessFactors will help it keep up with peers in the frenzied race for cloud-computing business, even if the price it paid is very high at first glance...
5 Dec 2011
Tencent Holdings Ltd , China's biggest Internet company by revenue, is issuing five-year bonds worth at least $500 million in its first U.S. dollar-denominated debt issue...
5 Dec 2011
Kuwait's Agility has bid about 25.6 million dinars ($92.44 mln) to acquire a strategic stake in Kuwait Health Assurance Co. (KHAC), a company currently under establishment in the Gulf Arab state...
5 Dec 2011
Whitehaven Coal and Aston Resources are discussing what could be a $5 billion merger to create Australia's biggest independent coal company...
5 Dec 2011
Online gaming firm Nexon Co will raise $1.2 billion after setting the price of its initial public offering at the mid-point of a pre-set range amid solid demand from investors...
4 Dec 2011
From soaring hedging costs to steepening bond curves, Indonesian markets are showing clear signs that foreigners still don't take for granted the relative stability of this economy through weeks and months of the financial crisis...
4 Dec 2011
Singapore's Neptune Orient Lines (NOL), the world's sixth largest container shipping firm, said on Monday it was not making a bid for German rival Hapag-Lloyd AG...
4 Dec 2011
JPMorgan Chase & Co is arranging the 1-billion-euro loan that SAP AG is taking on to help pay for its $3.4 billion takeover of SuccessFactors, SAP co-Chief Executive...
3 Dec 2011
Japan's Financial Services Agency may order Citibank Japan Ltd to suspend part of its operations, accusing it of failing to properly explain risks involved with its financial products...
3 Dec 2011
Equity Residential, the largest publicly traded U.S. apartment owner, has agreed to buy a 26.5 percent stake in apartment owner Archstone for $1.325 billion from Bank of America...
2 Dec 2011
David Kotz, the top watchdog of the Securities and Exchange Commission, is facing mounting criticism over some of the investigative techniques that have won...
2 Dec 2011
Wendy's Co said that it reached an agreement with Chairman Nelson Peltz's Trian business, allowing the firm to increase its stake in the hamburger chain up to as much as 32.5 percent...
2 Dec 2011
Verizon Wireless will pay top U.S. cable providers $3.6 billion for wireless airwaves and let them resell its mobile service, heating up competition with the wireless company's...
2 Dec 2011
Royal Bank of Scotland has sold its 918 tenanted pubs in Britain to Dutch brewer Heineken for 422 million pounds, another step in its exit from non-core businesses...
2 Dec 2011
Michael Kors Holdings Ltd, known for its eponymous luxury lifestyle brand, filed with U.S. regulators for an initial public offering of common stock that values the company at...
2 Dec 2011
Google Inc won approval from U.S. antitrust regulators to buy online advertising company Admeld Inc without any conditions, the Justice Department said...
2 Dec 2011
Lee Enterprises Inc said it would file for voluntary prepackaged bankruptcy protection before Dec. 12, as the media company struggles to pay off its debt...
2 Dec 2011
Dynegy Inc filed a proposed plan of reorganization for its bankrupt subsidiary that formalizes a November agreement with bondholders and seeks to bring the business...
2 Dec 2011
An initial public offering of Japan's Nikko Asset Management that looked set to raise 45.5 billion yen for its main shareholder was shelved due to weak market conditions...
2 Dec 2011
Wall Street's top trade groups launched a second major legal assault on the biggest overhaul of U.S. financial regulations in decades, suing to block new rules...
2 Dec 2011
Wells Fargo & Co plans to pay $75 million to settle a class-action lawsuit brought by stockholders who claimed Wachovia misrepresented the quality of its mortgages...
2 Dec 2011
Europe's Airbus accused the White House of derailing open competition by helping Boeing Co win a record aircraft deal in Indonesia as details emerged of a behind-the-scenes struggle over jobs and airplane sales worth almost $22 billion.
2 Dec 2011
Under pressure from a spiralling debt crisis at home, Credit Agricole and other European banks are offloading more of the loans they hold in Asia, squeezing up lending rates and making it tougher for small and mid-sized companies to borrow...
2 Dec 2011
(Reuters) Citigroup Inc's head of mergers and acquisitions advisory in Southeast Asia has left the bank, a person familiar with the matter said on Friday.
2 Dec 2011
Lone Star struck a revised deal to sell its controlling stake in Korea Exchange Bank to Hana Financial Group with an 11 percent price cut at 3.9 trillion won ($3.5 billion), moving closer to an exit from...
2 Dec 2011
Prosecutors are corrupting effective anti-corruption law. A U.S. judge just adamantly overturned the first court win against a company under the Foreign Corrupt Practices Act, ruling the government...
2 Dec 2011
Argentina's government said on Friday it was re-opening its 2033 dollar-denominated discount bond for up to $800 million, the official gazette showed...
2 Dec 2011
Hungary has told the European Commission that a special telecommunications sector tax levied for 2010-2012 did not break EU rules and will not be abolished, the Foreign Ministry said on Friday...
2 Dec 2011
Hedge funds have streamed into Singapore over the past decade, lured by business friendly regulation and tax incentives…
1 Dec 2011
A London-based portfolio manager was charged with fraud by U.S. authorities, who said he illegally reaped $6.5 million in fees by overvaluing his former hedge fund's positions...
1 Dec 2011
A judge approved an $89.4 million settlement for shareholders of Del Monte, who claimed they were shortchanged in the food company's sale to private equity investors led by KKR...
1 Dec 2011
The U.S. Securities and Exchange Commission is probing the accounting treatment that helped mask MF Global's exposure to risky foreign sovereign debt...
1 Dec 2011
Bank of America Corp's Merrill Lynch unit was sued by Comverse Technology Inc, which alleged fraud over the sale of tens of millions of dollars of auction-rate securities...
1 Dec 2011
The 2nd U.S. Circuit Court of Appeals on Wednesday sped up the review of a ruling that moved consideration of Bank of America Corp's $8.5 billion settlement over mortgage debt...
1 Dec 2011
Shareholders in Foster's Group Ltd overwhelmingly backed SABMiller's A$11.5 billion deal to acquire the Australian brewer in a vote on Thursday, clearing the last hurdle for the takeover...
1 Dec 2011
U.S. investment firm Lone Star has agreed to cut the price of its 4.4 trillion won stake sale in Korea Exchange Bank to Hana Financial Group Inc by about 11 percent...
1 Dec 2011
BP Plc said it has agreed to sell its Canadian natural gas liquids business to Plains All American for $1.67 billion as it seeks to raise $45 billion to pay for its Gulf of Mexico oil spill...
1 Dec 2011
Getco LLC, an electronic market maker and high-frequency trading specialist, said it agreed to buy Bank of America Corp's floor-trading operations at the New York Stock Exchange...
1 Dec 2011
Rio Tinto said it succeeded in its takeover bid for Canadian uranium prospector Hathor and extended its offer by 10 days until December 12...
1 Dec 2011
AT&T Inc and T-Mobile USA's parent company Deutsche Telekom AG are still battling to save their $39 billion merger and are not in talks about a network-sharing alternative...
1 Dec 2011
Japan's Daiwa Securities Group said it would sell a prime brokerage business serving hedge funds to Canada's Bank of Nova Scotia as part of a restructuring of its ailing overseas operations...
1 Dec 2011
Daiwa Securities Group plans to sell a business serving hedge funds to Canada's Bank of Nova Scotia as part of the Japanese brokerage's move to shed non-core assets and shift its focus to Asia, two sources familiar with the matter said...
1 Dec 2011
Sprint Nextel Corp, the No. 3 U.S. mobile provider, agreed to pay up to $1.6 billion to Clearwire Corp in the next four years, including a network pact and a potential equity infusion...
1 Dec 2011
China's policy change came just hours before coordinated action by major central banks, including the Federal Reserve and the European Central Bank, to ease credit strains in…