NEWS
January 2012
31 Jan 2012
The Blackstone Group's GSO Capital Partners, the D.E. Shaw Group and JPMorgan Chase are among the members of a committee of Eastman Kodak debt holders with the biggest stakes...
31 Jan 2012
Now this sounds scary. Law firms are prime targets for hackers trying to get inside deal information, according to Bloomberg News, and about eighty major U.S. law firms were hacked last year...
31 Jan 2012
Less than a week after Oshkosh Corp shareholders rejected most of a slate of directors backed by the activist investor, a top executive at the U.S. truckmaker...
31 Jan 2012
W. R. Grace & Co said its reorganization plan has been approved by the U.S. district court of Delaware, clearing a major hurdle for the chemical and building products maker...
31 Jan 2012
An Eastman Kodak employee filed a civil lawsuit against Kodak's board members and other fiduciaries of the photography companies' retirement plans...
31 Jan 2012
The European Union is expected to announce an overhaul of regulations governing the $700 trillion derivatives market on Tuesday, introducing rules to make...
31 Jan 2012
U.S. companies can do plenty of good without the latest legal fad. So-called benefit corporations allow boards to establish social goals alongside the profit motive and, at least theoretically, avoid lawsuits over lagging stock prices...
31 Jan 2012
Symmetry Medical Inc and several former executives and accountants have settled Securities and Exchange Commission charges over a "pervasive" alleged accounting fraud...
31 Jan 2012
The two giant jars on Randolph Taylor's windowsill are filled with shards of credit cards, chopped up by the clients whose staggering indebtedness drove them to the front line of Canada's household debt crisis...
31 Jan 2012
Shanghai, however, still faces a struggle in attaining that goal. One of the disadvantages China's most populous city faces is that China's key economic…
31 Jan 2012
The Canadian consortium that wants to buy exchange operator TMX Group extended the deadline on its C$3.8 billion ($3.8 billion) takeover bid...
31 Jan 2012
South Korea's Hyundai Mobis said on Tuesday that had it signed deals worth $1.07 billion to supply automobile parts for General Motors and...
31 Jan 2012
Finland's Outokumpu Oyj is to buy ThyssenKrupp AG's stainless steel business in a 2.7 billion euro ($3.5 billion) deal designed to cut costs and...
30 Jan 2012
A senior International Monetary Fund official said on Monday that China was taking steps to reduce property bubble risks and said it has room to add fiscal stimulus if conditions worsen...
30 Jan 2012
David Lerner, who owns a brokerage that regulators say misled investors in its marketing of real estate securities, is now charged with similar misdeeds...
30 Jan 2012
In last week's rejection of Chevron's attempt to use U.S. courts to block enforcement of the Lago Agrio plaintiffs' $18 billion Ecuadorean judgment...
30 Jan 2012
Greece's largest bank merger in decades was thrown into doubt on Monday after Alpha Bank said it needs to assess the impact of the country's revised sovereign debt swap...
30 Jan 2012
The federal judge overseeing MF Global Holdings Ltd's bankruptcy appointed one law firm to represent brokerage employees who claimed to be fired unfairly...
30 Jan 2012
Talbots Inc, looking to sell itself, opened its books to Sycamore Partners in a move that could lead to the private equity firm raising its original buyout offer...
30 Jan 2012
The Irish government's belief that it has drawn a line under its banking crisis will be tested this week when a dissident Irish Life and Permanent shareholder...
30 Jan 2012
All bosses are expected to outperform. That’s silly. Most companies cannot do that, by definition. And one person cannot change a loser corporate culture...
30 Jan 2012
Pep Boys - Manny, Moe & Jack , an automotive aftermarket service and retail chain, said it has agreed to be bought by private equity firm Gores Group for about $791 million.
30 Jan 2012
The Royal Bank of Scotland bonus row has become something of a tradition. This time it has become a corporate governance mess...
30 Jan 2012
JFE Holdings Inc and IHI Corp said Monday they will merge their shipbuilding units in a bid to remain competitive as demand for vessels contracts...
30 Jan 2012
Valeant Pharmaceuticals International said on Monday it has withdrawn its sweetened takeover bid for ISTA Pharmaceuticals Inc, citing a lack of progress...
30 Jan 2012
Apple's blowout quarter this week increased its cash holdings to almost $100 billion, a staggering hoard that casts a spotlight on what may prove a big catalyst...
30 Jan 2012
Siemens AG said it will buy Canada's RuggedCom Inc in a deal valued at about C$382 million ($381.41 million), topping a recent C$280 million offer...
30 Jan 2012
Russia's $10 billion private equity fund is making its first investment, buying a stake in the country's MICEX-RTS stock market with the aim of boosting the exchange's IPO hopes and helping develop Moscow's rudimentary capital markets...
30 Jan 2012
Swiss engineering group ABB said on Monday it had agreed to buy U.S. electrical components maker Thomas & Betts for $3.9 billion in cash to broaden its inroads into the world's largest market for low-voltage products...
30 Jan 2012
Investors have been worried by the scale of the debts built up by China's local governments, which some fear could threaten the stability of the banking system…
30 Jan 2012
China has completed issuing an initial 20 billion yuan ($3.2 billion) in quotas for its Renminbi Qualified Foreign Institutional Investor (RQFII), or RQFII scheme, the official Shanghai Securities News said on Monday…
27 Jan 2012
While compliance professionals cheer the end of a case that threatened to redefine their roles, future regulatory actions remain a source of anxiety...
27 Jan 2012
Wells Fargo & Co on Friday won a federal judge's preliminary approval of a $75 million settlement to resolve shareholder claims that the former Wachovia...
27 Jan 2012
Eastman Chemical’s $4.7 billion deal to buy rival Solutia says a lot about the state of the M&A market – in more ways than one. For starters it is...
27 Jan 2012
Fairfax Financial, the insurer and investment firm controlled by Prem Watsa, has more doubled its stake in Research in Motion...
27 Jan 2012
Oshkosh Corp shareholders handed a defeat to activist investor Carl Icahn on Friday, electing "at least" 12 of the 13 management-backed nominees...
27 Jan 2012
News Corp executive James Murdoch, under pressure from a phone-hacking scandal at the News of the World tabloid, is to quit the board of drug maker GlaxoSmithKline...
27 Jan 2012
Eastman Chemical said it would buy specialty chemical maker Solutia Inc for about $3.38 billion in cash and stock to expand in Asia Pacific...
27 Jan 2012
Finnish group Nokia has sold its media advertising business to a U.S. startup Matchbin as it focuses on core businesses, a company spokesman said...
27 Jan 2012
France has suspicions about financial transfers made immediately before Swiss refiner Petroplus filed for insolvency this week, energy minister Eric Besson said on Friday...
27 Jan 2012
South Africa's communications regulator, ICASA, has refused permission for satellite television network TopTV to broadcast three sexually explicit channels, TopTV said on Friday...
27 Jan 2012
South Korean regulators approved on Friday Hana Financial Group's 3.9 trillion won ($3.48 billion) deal to acquire Korea Exchange Bank , an official said, paving the way for U.S. private equity firm Lone Star's long-sought sale of the local lender...
27 Jan 2012
A court in the Democratic Republic of Congo has ordered South Africa's Vodacom to pay at least $21 million in unpaid fees to a former consultant, Business Day newspaper said on Friday...
26 Jan 2012
A Brazilian prosecutor plans to file criminal charges against Chevron Corp and some of its local managers within weeks, adding the threat of prison...
26 Jan 2012
Ener1 Inc, which received a $118.5 million U.S. Department of Energy grant to make lithium-ion and other batteries for electric cars, filed for bankruptcy protection...
26 Jan 2012
U.S. securities regulators charged a Latvian trader with reaping more than $850,000 in illegal profits by hacking into online brokerage accounts...
26 Jan 2012
A civil lawsuit against several large tech companies over anti-poaching agreements will move forward, but may be broken up into multiple potential class actions...
26 Jan 2012
Extravagant executive pay may be scandalous, but it’s important to decide why and ensure that policy moves reflect the reasons. The UK government...
26 Jan 2012
British pubs and restaurants group Mitchells & Butlers has suffered a revolt by shareholders unhappy with the lack of independent directors...
26 Jan 2012
Chinese solar panel makers flooded the U.S. market with their products at the end of last year in anticipation of potential duties on those products, a coalition of domestic solar manufacturers said on Wednesday...
26 Jan 2012
Amgen Inc, the world's largest biotechnology company, said on Thursday it would pay over $1 billion to buy Micromet Inc...
26 Jan 2012
Britain's financial regulator proposed stricter rules on reverse takeovers and opened the debate on whether to tighten requirements for premium listings...
26 Jan 2012
U.S. gene sequencing company Illumina on Thursday unveiled a "poison pill" defense strategy against a hostile bid from Swiss drugmaker Roche...
26 Jan 2012
Celgene Corp said on Thursday that it would acquire Avila Therapeutics Inc, a privately held biotechnology company, for $350 million in cash...
26 Jan 2012
David Einhorn's reputation as one of the hedge fund industry's most respected investors took a bit of a hit on Wednesday when Britain's financial regulator...
26 Jan 2012
Three years after the demise of Lehman Brothers exposed problems in how brokers handle client funds, trading firms are still using lax rules to withhold cash owed to clients of failed brokerages, fuelling calls for reforms...
25 Jan 2012
Merrill Lynch agreed to pay a $1 million fine for failing to arbitrate disputes with employees about retention bonuses related to its 2009 merger...
25 Jan 2012
Crescent Point Energy will buy Wild Stream Exploration in a deal valued at C$770 million to boost output and add assets near its existing acreage...
25 Jan 2012
Japanese tractor maker Kubota Corp said it is in talks to acquire an overseas manufacturer of farm equipment in a deal that would be worth more than 200 billion yen ($2.6 billion), its president Yasuo Masumoto said on Tuesday...
24 Jan 2012
Citigroup Inc. was sued for fraud by Loreley Financing over nearly $1 billion worth of collateralized debt obligations purchased in 2006 and 2007...
24 Jan 2012
HSBC Holdings has sold its banking operations in Costa Rica, El Salvador and Honduras to Colombia's Banco Davivienda S.A.for $801 million...
24 Jan 2012
The European Union came a step closer to overhauling regulations for the $700 trillion (448.60 trillion pound) derivatives market on Tuesday...
24 Jan 2012
Bonuses paid to senior executives at majority state-owned Royal Bank of Scotland will be far lower this year than last, British Treasury minister Danny Alexander...
24 Jan 2012
Oil explorer Cairn Energy dropped plans to award chairman and founder Bill Gammell share options worth 2.5 million pounds on Tuesday...
24 Jan 2012
Russian services conglomerate Sistema said on Tuesday its high-tech arm RTI would buy Russian systems integrator NVision Group...
24 Jan 2012
Media and publishing company Meredith Corp (MDP.N) will buy food information website Allrecipes.com from privately held Reader's Digest Association...
24 Jan 2012
Citigroup Inc must pay around $24 million to a team of institutional advisers for breaching their contract, a Financial Industry Regulatory Authority arbitration panel...
24 Jan 2012
Australia's Lynas Corp is set to raise $225 million from a new investor, giving the rare earths miner a cheaper source of funding to finish building its flagship plant in Malaysia...
24 Jan 2012
Q-Cells said it would restructure two convertible bonds and is trying to agree a partial repayment of a third, as the German solar company struggles to secure financing...
24 Jan 2012
SPX Corp plans to sell its automotive service business to Germany's Robert Bosch GmbH for $1.15 billion in cash as the diversified U.S. manufacturer looks to focus on...
24 Jan 2012
European Commission officials are set to vote in early February on Deutsche Boerse's proposed $9 billion takeover of NYSE Euronext to create the world's biggest stock exchange...
24 Jan 2012
Canadian retail conglomerate Hudson's Bay Co said it completed its acquisition of its affiliate Lord & Taylor LLC, after having invested $427 million...
24 Jan 2012
Banks underwriting new European leveraged buyouts are seeking safety in numbers to share risk and reduce the possibility of being stuck with deals that they struggle to sell in volatile markets...
24 Jan 2012
Credit Suisse, Switzerland's second-largest bank, is to pay a portion of 2011 bonuses for its top executives in risky assets in an extension of a program the company first used three years ago, Reuters has learned from an internal memo...
24 Jan 2012
Russian telecoms operator Rostelecom said on Tuesday it would purchase 3.86 percent of its shares, worth around $575 million as of Monday's closing price...
24 Jan 2012
The European Union has included Iran's state-owned Bank Tejarat among entities it is blacklisting to raise pressure on Tehran over its nuclear programme, according to an EU document published on Tuesday...
24 Jan 2012
Swiss-based oil refiner Petroplus is to file for insolvency after lenders put the company on notice to pay off its debts triggering a default on $1.75 billion (1.12 billion pounds) of senior notes and convertible bonds...
23 Jan 2012
Loss-making Kabel Deutschland said it raised $750 million and asked for existing loans to be extended by three years to 2017...
23 Jan 2012
Lehman Brothers Holdings Inc closed on the purchase of a $1.325 billion stake in real estate group Archstone, raising its total stake in the sought-after...
23 Jan 2012
Dutch food and chemicals group DSM and private U.S. ethanol maker POET, one of the biggest ethanol producers in the world, said on Monday they plan...
23 Jan 2012
Wall Street may be starting to get it – ''it'' being the post-crisis contempt over excessive bonuses for chief executives...
23 Jan 2012
News of the friendly deal sent shares of Pan American skidding 10.5 percent to C$22.39 by early afternoon on the Toronto Stock Exchange...
23 Jan 2012
Shareholders should be given a binding vote over how large British companies manage executive pay and more companies should be able to claw back...
23 Jan 2012
Hedge fund Diamondback Capital Management will pay more than $9 million to settle civil insider-trading charges, and will also enter into...
23 Jan 2012
Shareholders of scandal-hit Olympus Corp will file a lawsuit against the company as early as Monday, seeking more than 200 million yen in damages over the fall in its share price...
23 Jan 2012
U.S. gas producer Apache is to buy privately owned oil and gas company Cordillera Energy Partners III in a cash-and-stock deal valued at $2.85 billion...
23 Jan 2012
A U.S. appeals court has dismissed a lawsuit by the financial industry challenging new federal regulations aimed at cracking down on speculation...
23 Jan 2012
European Union ambassadors agreed on Monday to impose an embargo on crude oil imports from Iran, to be phased in by July 1. |EU foreign ministers are expected to approve the measure later in the day...
23 Jan 2012
Nokia Siemens Networks (NSN) has raised more than 1.2 billion euros from a group of 14 European and U.S. banks as it looks to restructure the business...
23 Jan 2012
Swiss group Barry Callebaut is to supply Unilever, the world's third-largest consumer goods group, with 70 percent of its global cocoa and chocolate needs...
22 Jan 2012
China's Sinopec will pay $1.1. billion to take an additional 10 percent interest in the $20 billion Australia Pacific LNG project...
20 Jan 2012
As the Justice Department has stepped up its enforcement of an anti-foreign bribery law, it has faced the expected stiff resistance from the business community...
20 Jan 2012
Southeastern Asset Management, an investment management firm that holds nearly 10 percent of Vulcan Materials Co's shares, said the construction materials company should strike a deal...
20 Jan 2012
As healthcare mergers go, this one is unique: Express Scripts Inc will not find a target in the pharmacy benefit industry anywhere near as large as Medco Health Solutions...
20 Jan 2012
Oil and gas producer Storm Resources Ltd said it would buy smaller rival Bellamont Exploration Ltd in a cash-and-stock deal valued at C$82.6 million...
20 Jan 2012
More U.S. investors are targeting Canadian companies for proxy battles to boost the value of their stakes, encouraged by favorable laws and activist attacks...
20 Jan 2012
Billionaire investor Carl Icahn is buying some of the debt of hedge fund manager Philip Falcone's LightSquared Inc as the ailing wireless-network company runs short of cash...
20 Jan 2012
Thirty-one European banks must tell their national regulators by Friday how they plan to fill a gaping capital hole, part of the continent's efforts to deal with its debt crisis...
20 Jan 2012
Britain will set out plans next week to crack down on executive pay to try to address public outrage over huge wages for "fat cats" at a time of deep public spending cuts...
20 Jan 2012
The Indian Supreme Court ruled in favour of Vodafone Group Plc in its fight against a $2.2 billion tax bill, a decision analysts said would encourage foreign investment and clear the way for the company's planned initial public offering in India...
20 Jan 2012
The European Union's highest court will be able to fine an EU country that does not adopt a balanced budget rule in its constitution with a penalty of up to 0.1 percent of gross domestic product, the latest draft of a treaty showed on Friday...
20 Jan 2012
Belgian banking and insurance group KBC has agreed to sell its Polish insurance unit Warta to Germany's third-largest insurance company Talanx for 770 million euros ($993 million), part of a series of divestments required by EU regulators...
19 Jan 2012
EU states failed on Thursday to agree a law to crack down on derivatives, casting doubt on whether they can meet a globally agreed December deadline for new rules...
19 Jan 2012
Large U.S. companies are facing fewer shareholder securities fraud lawsuits than at any other time in the last decade, a trend that may persist...
19 Jan 2012
TD Bank, the U.S. arm of Canada's Toronto-Dominion Bank, must pay a Texas investment company $67 million for helping disgraced South Florida lawyer Scott Rothstein...
19 Jan 2012
The British arm of children's clothing retailer Pumpkin Patch has appointed administrators, the latest in a string of store groups to run into trouble...
19 Jan 2012
EU regulators set a new February 13 deadline to decide whether to clear Google's takeover of U.S. handset maker Motorola Mobility after the Internet search engine came forward...
19 Jan 2012
Italian prosecutors have included this month's sovereign downgrade of Italy in an ongoing probe into the impact of ratings agency S&P's reports on Italian share prices...
19 Jan 2012
Video game publisher Trion Worlds has raised $85 million in a new round of funding as the privately held company aims to expand to Asia this year and launch new titles...
19 Jan 2012
China Auto Rental Inc became the first Chinese company to file for a U.S. listing since regulators changed the rules so foreign issuers can no longer keep private...
19 Jan 2012
The Finnish creator of the global smash-hit Angry Birds computer game will not join the stock market this year but still aims to eventually seek a listing...
19 Jan 2012
Zynga Inc said it bought four small mobile game companies for an undisclosed sum as the top maker of Facebook games seeks to expand its lineup...
19 Jan 2012
BankUnited Inc's private equity owners abruptly pulled the lender off the market after a brief sale process drew offers below expectations...
19 Jan 2012
Eastman Kodak Co, the photography icon that invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection...
19 Jan 2012
Endemol, the TV production house behind Big Brother, said it had reached an agreement in principle with more than two-thirds of its lenders on a restructuring of its capital...
19 Jan 2012
Oil giant BP will likely agree to pay the U.S. Department of Justice $20-$25 billion (12-17 billion pounds) next month to settle all civil and criminal charges around the Deepwater Horizon rig blast and Gulf of Mexico oil spill, a leading industry analyst predicted on Thursday...
18 Jan 2012
Hedge fund advisers are scrambling to meet an unofficial registration deadline that has, until recently, been widely ignored...
18 Jan 2012
Two big regional U.S. banks disclosed they had set aside funds related to mortgage servicing matters, a sign that lenders beyond the five largest mortgage servicers...
18 Jan 2012
Restaurant operator Buffets Inc filed for a pre-arranged bankruptcy citing an "unsustainable debt burden," marking its second bankruptcy in four years...
18 Jan 2012
Private equity firms Apollo Global Management LLC and Riverstone Holdings LLC have teamed up to bid around $7 billion for all of El Paso Corp's...
18 Jan 2012
Ivanhoe Mines, owner of Mongolia's Oyu Tolgoi project, will scrap a controversial "poison pill", clearing the way for its single largest shareholder, Rio Tinto...
18 Jan 2012
Blackstar Group , a London-listed, Africa-focused investment firm, has paid $58 million for just over a quarter of South Africa's Mvelaphanda Group...
18 Jan 2012
A unit of Singapore state investor Temasek Holdings is selling 200 million shares or a stake of 6.2 percent in Thailand's Shin Corp Pcl in a deal that could raise as much $261 million...
18 Jan 2012
BankAtlantic Bancorp Inc, a large Florida bank that once sued an industry analyst for defamation, and its chief executive were charged by a U.S. regulator with defrauding investors...
18 Jan 2012
Democratic members of a congressional oversight panel turned up the heat on the regulator of big mortgage finance companies Fannie Mae and Freddie Mac...
18 Jan 2012
U.S. futures exchange operators led by CME Group Inc plan to propose ways to better safeguard customer funds, even as regulators still hunt for as much as $1.2 billion...
18 Jan 2012
The U.S. futures regulator said it will not hold a rule-making meeting that had been scheduled for Jan. 25 to vote on measures to comply with Dodd-Frank legislation...
18 Jan 2012
The Financial Services Agency of Japan will mandate financial institutions, including unlisted companies, to disclose compensation of highly paid employees...
18 Jan 2012
In late October, as MF Global Holdings Ltd teetered toward bankruptcy, Jon Corzine phoned his close-knit circle of Wall Street friends for help...
18 Jan 2012
Vulcan Materials Co said it received a civil investigative demand and a second request for additional information from the U.S. Department of Justice...
18 Jan 2012
Seven people were charged with a scheme to reap nearly $62 million in illegal profits on trades on Dell Inc shares, the latest salvo in a sweeping probe...
18 Jan 2012
U.S. authorities arrested four people and will announce charges against several more as part of the government's sweeping probe into insider trading at hedge funds...
18 Jan 2012
Britain urged European Union competition officials to reject "political interference" and "vested interests" when ruling on plans to create the world's biggest stock exchange...
18 Jan 2012
Canada's Catalyst Paper Corp filed for Chapter 15 protection in a U.S. court as the specialty paper and newsprint producer grappled with rising costs of raw materials...
18 Jan 2012
Carl Icahn has won an ally in his proxy battle with truck and defense vehicle maker Oshkosh Corp management after a corporate governance advisory firm...
18 Jan 2012
EU antitrust regulators are investigating whether French companies Suez Environnement and Veolia together with French trade association FP2E may have fixed prices in the water and waste water services sector.
18 Jan 2012
Russian oil explorer Ruspetro will bank around $250 million (162 million pounds) from its London listing, two sources familiar with the situation said on Wednesday, defying choppy market conditions that have put paid to any sizeable flotations in Europe since the summer...
17 Jan 2012
Brookfield Asset Management Inc's takeover of the huge Atlantis resort in the Bahamas from Kerzner International Ltd was halted by a Delaware court to allow for...
17 Jan 2012
An investment advisory arm of Swiss bank UBS will pay $300,000 to settle charges that it misled investors by incorrectly pricing certain securities...
17 Jan 2012
The U.S. Supreme Court declined to hear an appeal of a ruling that the Financial Industry Regulatory Authority had immunity from a private lawsuit over the 2007 deal...
17 Jan 2012
National competition regulators in the European Union have endorsed a recommendation that the EU should block a merger of Deutsche Boerse and NYSE Euronext...
17 Jan 2012
U.S. prosecutors and the Bank of New York Mellon Corp have reached a partial settlement over civil fraud charges brought by the government last year...
17 Jan 2012
In a closely watched mortgage-securities case, Deutsche Bank AG has agreed to a $55 million settlement to end a lawsuit brought by M&T Bank Corp...
17 Jan 2012
A prominent trademark and copyright boutique has sued PricewaterhouseCoopers over accounting advice it claims cost the law firm at least $250,000 in losses...
17 Jan 2012
U.S. bank regulators voted to release a proposal for how banks with more than $10 billion in assets should conduct stress tests annually...
17 Jan 2012
The Volcker rule's restrictions on proprietary trading and hedge fund investments could put U.S. banks at a competitive disadvantage to their foreign counterparts...
17 Jan 2012
Solyndra LLC failed to attract any bids from buyers who could have restarted production, brought back some laid off staff and kept the bankrupt solar panel maker operating...
17 Jan 2012
Britain's bankers should not pay themselves big bonuses at a time of poor share price performance, more-or-less explicit tax-payer subsidy and falling living standards...
17 Jan 2012
Valeant Pharmaceuticals International raised its offer for ISTA Pharmaceuticals Inc by at least 15 percent after a meeting with the U.S. eye drugs maker's management...
17 Jan 2012
Dundee Real Estate Investment Trust will buy Whiterock REIT for about C$580 million in a cash-and-stock deal to strengthen its position in the office property space...
17 Jan 2012
An unofficial panel of experts cleared global accounting groups KPMG and Ernst & Young of any responsibility for a $1.7 billion accounting fraud at Japan's Olympus Corp...
17 Jan 2012
The Justice Department has stepped up its investigation of Standard & Poor's mortgage bond ratings during the financial crisis...
17 Jan 2012
Asian and U.S. companies racing to snap up coal, iron ore and uranium assets to meet booming demand for power and steel making will give dominant Chinese buyers...
17 Jan 2012
South Korea's POSCO , the world's third-biggest steelmaker, said on Tuesday it will pay 1.8 trillion won to expand its stake in an Australian iron ore mining firm...
17 Jan 2012
Clearing houses – the plumbers of high finance – could become the next casualties of the crisis as regulators insist that banks run their riskiest and private trades through them...
17 Jan 2012
Serbia's state-run Telekom Srbija is borrowing 470 million euros to buy back a 20 percent stake in itself from Greece's OTE...
17 Jan 2012
The head of Europe's bailout fund said on Tuesday that Standard & Poor's downgrade would have little impact on operations and expressed confidence that investors around the world will keep buying the fund's bonds...
17 Jan 2012
Hungary confirmed on Tuesday that European Union is set to announce legal action over its disputed central bank and judicial reform, complicating the nation's efforts to secure aid needed to remain solvent...
17 Jan 2012
AIA Group Ltd <1299.HK>, Asia's third-largest insurer, is exploring making an offer for Dutch ING's <ING.AS> roughly $6 billion Asian insurance operations, sources said, with the planned sale of the business expected to draw heavy interest from rivals...
17 Jan 2012
Reliance Communications said it has secured loans from a host of Chinese banks to refinance $1.18 billion worth of outstanding foreign currency bonds...
16 Jan 2012
Pembina Pipeline Corp agreed to buy Provident Energy Ltd for C$3.24 billion in an all-stock deal that will create one of Canada's biggest pipeline and natural gas processing companies...
16 Jan 2012
Japan's Sumitomo Mitsui Financial Group and Sumitomo Corp are buying the aircraft-leasing business of Royal Bank of Scotland in a deal worth $7.3 billion...
16 Jan 2012
The European Commission launched a review of its policy on bank structure, a move that follows hard on the heels of Britain's radical plan to ring-fence the assets of savers...
16 Jan 2012
A new tribunal for the resolution of disputes involving complex financial instruments opened in The Hague on Monday, a bid by the Netherlands to win more business in the financial and legal services sectors...
16 Jan 2012
British low-carbon project developer Camco International Ltd said it would sell its UK advisory business to Baxi Partnership for 4.5 million pounds to focus on its core businesses.
16 Jan 2012
Part-nationalised Royal Bank of Scotland is in talks to sell its mergers and acquisitions business in the Middle East and cut some jobs as part of a global restructuring at the U.K. bank, its regional head said on Monday. Simon Penney, RBS' chief executive for Middle East and Africa, told Reuters the bank would focus on debt products, risk management and transactional banking...
16 Jan 2012
Lured by long-term growth prospects in Asia's second-biggest fund market -- estimated by some to hit $10 trillion in less than two decades -- foreign investors…
16 Jan 2012
A government-led clampdown on bank, bond, equity and trust market financing for real estate has left developers with little choice other than to set up their own…
13 Jan 2012
The U.S. Securities and Exchange Commission plans to request more data before finalizing a proposal requiring a uniform fiduciary standard for investment advisers and brokers...
13 Jan 2012
Washington Mutual Inc said it has won court approval to send its latest reorganization plan to creditors for a vote, and hopes to end its nearly 3-1/2-year-old bankruptcy...
13 Jan 2012
A federal judge refused to throw out a lawsuit accusing General Electric Co and its chief executive of misleading investors about the conglomerate's financial health...
13 Jan 2012
Westlake Chemical made an unsolicited, $1.03 billion bid for rival chemical company Georgia Gulf Corp, as it looks to increase its offerings of chemicals...
13 Jan 2012
Anti-virus software maker AVG Technologies NV filed to raise up to $125 million in an initial public offering, looking to cash in on the increased demand for technology IPOs...
13 Jan 2012
Lloyds Banking Group Chief Executive Antonio Horta-Osorio has waived his bonus for 2011 after taking two months off to recover from fatigue...
13 Jan 2012
Italian insurer Unipol has agreed a four-way merger with troubled peer group Fondiaria-SAI, in a deal that will create one of the country's leading insurance groups...
13 Jan 2012
Spanish toll road operator Abertis sold about half its stake in Paris-listed European satellite operator Eutelsat for 981 million euros in a move to cut debt and free up funds...
13 Jan 2012
Federal prosecutors have launched a criminal inquiry into Diamond Foods Inc's walnut payments, an action that could throw its pending purchase of Pringles from Procter & Gamble Co into doubt...
13 Jan 2012
Eastman Kodak Co is in advanced talks with Citigroup Inc to obtain financing that would be used if the money-losing photography company files for bankruptcy protection...
13 Jan 2012
Britain's Serious Fraud Office intends to confiscate shareholder dividends paid by companies convicted of criminal offences...
13 Jan 2012
Hedge funds are positioning to profit from a plan to slash Greece's towering debt pile as Athens enters final talks that could sway the country's membership of the euro...
13 Jan 2012
Hony Capital, one of China's most successful private equity funds, said on Thursday it had raised nearly $4 billion from investors, defying the increasingly…
13 Jan 2012
Guo Shuqing, the newly appointed chief of China Securities Regulatory Commission, will head a team of 25 vice ministers to clean up unlicensed…
13 Jan 2012
TPG has informed executives at Sony, Canon Inc, Fujifilm Holdings and Panasonic Corp of its interest in providing capital and expertise to help revive the…
12 Jan 2012
MRC Global Inc, which provides pipes, valves and fittings to oil and gas companies, filed with the U.S. regulators to raise up to $100 million in an initial public offering...
12 Jan 2012
Hong Kong's financial watchdog has ramped up inspections of trading floors and asset management houses in the city as concerns grow that choppy market conditions...
12 Jan 2012
Wall Street's legal challenge to new regulations clamping down on commodity market speculation will be heard by one of the judges who ruled earlier against...
12 Jan 2012
A former audit partner at BDO USA LLP pleaded guilty in Washington, D.C., federal court to lying to securities regulators during a government investigation...
12 Jan 2012
Data analytics software maker Splunk Inc filed with U.S. regulators to raise up to $125 million in an initial public offering of common stock...
12 Jan 2012
Britain's new financial services watchdog should have a clear role to promote consumer choice but no power to intervene under competition law, UK lawmakers said...
12 Jan 2012
Cinco Resources Inc filed with U.S. regulators to raise up to $172.5 million in an initial public offering of common stock...
12 Jan 2012
A group of chief executives at more than 200 large U.S. companies urged a federal appeals court to undo a judge's controversial decision making it harder for companies to settle...
12 Jan 2012
Former customers of MF Global Holdings Ltd's collapsed brokerage were disappointed to hear that the trustee hunting for funds missing from their accounts has no immediate plans...
12 Jan 2012
The Obama administration is likely to block a proposed buyout of U.S. pharmacy services provider PharMerica Corp by larger rival Omnicare Inc...
12 Jan 2012
Italy has extended the ban on the short selling of financial stocks by six weeks, to Feb. 24, as the euro zone debt crisis continues to rattle markets...
12 Jan 2012
The Bank of Japan and the nation's Financial Services Agency have sent a letter to the U.S. government expressing concern about the…
12 Jan 2012
A lawyer involved in several major recent bankruptcies has been named the examiner for the bankruptcy of Dynegy Holdings LLC and will investigate...
12 Jan 2012
Dutch bank and insurance group ING scrapped its plan to list its combined European and Asian insurance and investment operations in a move that analysts speculated might result in...
12 Jan 2012
The Stock Exchange of Thailand (SET) expects initial public offerings on the bourse to raise around 120 billion baht ($3.8 billion) in 2012, almost twice the sum raised in 2011...
12 Jan 2012
The Thai unit of Malaysia's AirAsia, Asia's largest budget carrier by fleet size, said on Thursday it would submit a filing for its initial public offering to the Thai market regulator this month and planned a Bangkok listing in the first quarter...
12 Jan 2012
A flurry of sukuk issues from the Gulf this week shows borrowers are worried about limited global liquidity and future access to debt markets, and are turning to Islamic finance as a source of money that is relatively untouched by the global turmoil...
12 Jan 2012
Royal Bank of Scotland is to axe about 3,500 investment bank jobs and sell or shut equities and advisory business under a 3-year plan to further reduce risk and focus more on domestic retail and corporate banking...
12 Jan 2012
Russian conglomerate Sistema's Indian mobile phone unit said on Thursday it had raised a loan of 12.80 billion rupees ($247 million) through non-convertible debentures to fund its operations and repay maturing loan...
12 Jan 2012
James Doty, chairman of the Public Company Accounting Oversight Board, discussed the round of negotiations with reporters shortly after the U.S...
12 Jan 2012
The China Banking Regulatory Commission (CBRC), which is also a watchdog of the country’s trust investment firms, worried that the rapid expansion of such schemes, worth an estimated…
11 Jan 2012
The private equity firm Blackstone Group LP and real estate investment trust DDR Corp have agreed to buy 46 U.S. shopping centers from an affiliate of Israeli holding company...
11 Jan 2012
When it comes to healthcare deals, the new motto may be "too expensive to fail"...
11 Jan 2012
BlackRock Inc, the world's largest money manager, said it will expand its exchange-traded fund business in Canada by acquiring privately held Claymore Investments...
11 Jan 2012
Dexia has received over thirty expressions of interest for its asset-management arm and hopes to decide on the sale of its Turkish unit Denizbank...
11 Jan 2012
A bankruptcy judge gave Lehman Brothers Holdings Inc the go-ahead to match a $1.325 billion offer from Sam Zell's Equity Residential for a stake in apartment company Archstone...
11 Jan 2012
Health insurer Universal American Corp, which was seen as a takeover candidate, will buy privately owned APS Healthcare Inc for $227.5 million to expand its Medicare services...
11 Jan 2012
Excuses, excuses and more excuses...
11 Jan 2012
Wednesday marked a day of mourning for American junk food aficionados -- and not for the first time. Hostess Brands, maker of the cream-filled bright yellow Twinkie snack...
11 Jan 2012
The top audit watchdog said U.S. and Chinese regulators must come to an agreement by late 2012 on joint auditor inspections, as a delegation from China...
11 Jan 2012
Austria will press ahead with rules designed to boost the safety of the financial system by curbing big banks' lending growth in emerging Europe despite some grumbling...
11 Jan 2012
Regions Financial Corp said it is selling Morgan Keegan to Raymond James Financial Inc for $930 million in stock, concluding a drawn-out auction of the brokerage firm...
11 Jan 2012
The Federal Trade Commission cleared AmeriGas Partners LP's proposed acquisition of a rival propane distributor, Energy Transfer Partners LP's Heritage Propane, under the condition that...
11 Jan 2012
The Commodity Futures Trading Commission issued a rough outline of Dodd-Frank rules it plans to consider in 2012...
11 Jan 2012
Hedge fund Taconic Capital reported a roughly 5 percent stake in CA Inc and said it was in talks with the business software maker's management about its business strategy...
11 Jan 2012
Goldman Sachs' controversial $2 billion Islamic bond programme faced a fresh challenge as it emerged that at least two scholars named as potential approvers had not even seen the prospectus...
11 Jan 2012
Ivanhoe Energy said it will sell its stake in the Zitong natural gas project to a unit of Royal Dutch Shell for about $160 million in cash, to focus on oil exploration projects...
11 Jan 2012
Global brewer SABMiller Plc said it had issued and successfully priced a $7 billion bond with the proceeds used to repay part of the bank borrowing taken on for the purchase...
11 Jan 2012
Longmaster Information & Technology Co Ltd, a Chinese developer of online chat and telephony applications, has been forced to halt its planned initial public share offer...
11 Jan 2012
Apple said it bought Israel's Anobit, a maker of flash storage technology whose chips it already uses in gadgets such as the iPad...
11 Jan 2012
Deutsche Boerse AG's last-ditch lobbying efforts in support of its proposed takeover of NYSE Euronext look set to fail, leaving the deal heading for the rocks...
11 Jan 2012
Alibaba Group ALIAB.UL has reduced the size of its debut loan to $3 billion, the funds which the Chinese e-commerce giant plans to use to buy back...
11 Jan 2012
Billionaire investor Carl Icahn dropped his $1.73 billion hostile bid for Commercial Metals Co after failing to pick up support among the metal company's other shareholders...
11 Jan 2012
Twinkies and Wonder Bread maker Hostess Brands Inc filed for bankruptcy protection for the second time in less than three years, after failing to reach an agreement...
11 Jan 2012
Auto parts maker Lear Corp said its board authorized a $300 million increase to its existing share buyback program...
11 Jan 2012
China's securities regulator has set up an "investor protection bureau" to safeguard investors' interests in the world's third-largest stock market, as it takes…
10 Jan 2012
Move over, John Arnold: the U.S. natural gas market has a new hedge-fund king, operating as skillfully and mysteriously as the ex-Enron wunderkind...
10 Jan 2012
France wants to target bonds and derivatives, as well as stocks, with a new tax on financial transactions which the conservative government hopes to introduce...
10 Jan 2012
PHH Corp raised doubts over its continuing as a "going concern" if it failed to improve liquidity, and said the Consumer Financial Protection Bureau...
10 Jan 2012
Credit Suisse, Switzerland's second largest bank, has sold a chunk of its risky assets to its own managers as part of efforts to free up capital to meet tough new banking capital rules...
10 Jan 2012
A coalition of consumer groups urged U.S. antitrust regulators to stop Express Scripts Inc from buying Medco Health Solutions Inc, arguing healthcare companies...
10 Jan 2012
AMR Corp, the bankrupt parent of American Airlines, is racing to renegotiate aircraft leases and bag what experts believe could be hundreds of millions of dollars in savings...
10 Jan 2012
European Commission antitrust chief Joaquin Almunia told Deutsche Boerse and NYSE Euronext he plans to block their $9 billion deal...
10 Jan 2012
BNP Paribas SA withdrew from lawsuits challenging MBIA Inc's restructuring, becoming the latest bank to give up legal claims against the bond insurer...
10 Jan 2012
The Securities and Exchange Commission has urged banks to publish more details about their exposure to European sovereign debt...
10 Jan 2012
U.S. securities regulators will question the top U.S. audit watchdog about his budget and policy priorities, in a rare public meeting designed to shed more transparency on the agency...
10 Jan 2012
Oshkosh Corp said in a presentation to investors that billionaire investor Carl Icahn has indicated he would like to buy 20 percent of the company...
10 Jan 2012
Friendly Ice Cream Corp said it completed its restructuring, three months after the burger and ice cream chain filed for bankruptcy...
10 Jan 2012
Fashion accessories maker Fossil Inc said it will buy privately held Skagen Designs Ltd for about $236.8 million in a cash and stock deal...
10 Jan 2012
BBVA, Spain's second-biggest bank, said it would take a 1 billion euros ($1.3 billion) hit on 2011 net profit due to an adjustment in its goodwill that would boost capital by 400 million euros...
10 Jan 2012
China's online game market grew 32.4 percent by revenue last year to 42.85 billion yuan ($6.8 billion), the official Xinhua News agency reported on Tuesday, quoting government officials...
10 Jan 2012
Machinery maker Shandong Heavy Industry Group will seek a separate listing for Italian yachtmaker Ferretti Group at an appropriate time, the chairman of the Chinese company, Tan Xuguan, said on Tuesday without giving details...
9 Jan 2012
Newedge USA, LLC was ordered by the U.S. Commodity Futures Trading Commission to pay a $700,000 penalty for submitting inaccurate large trader reports...
9 Jan 2012
Belden Inc moved Canadian regulators to kill a shareholders rights plan adopted by its Canadian rival RuggedCom Inc in response to the U.S. cable maker's offer...
9 Jan 2012
The Securities and Exchange Commission upheld disciplinary sanctions against a former broker at a Bank of America unit who copied confidential information for about 36,000 customers...
9 Jan 2012
Duke Energy and Progress Energy said they would extend by six months the termination date of their $13.7 billion merger, days after energy regulators snubbed a proposal...
9 Jan 2012
Apple Inc Chief Executive Tim Cook received a one-time stock award worth nearly $400 million, the largest given by a company in a decade...
9 Jan 2012
Canadian miner Crocodile Gold Corp is in talks with Luxor Group for an offer that is higher than the C$121 million the private equity firm made in December...
9 Jan 2012
Insurer Genworth Financial Inc said it would sell its tax and accounting adviser unit to Cetera Financial Group for an undisclosed sum to focus on its...
9 Jan 2012
Deutsche Telekom is overhauling its strategy for its U.S. wireless unit after AT&T last month dropped its planned $39 billion takeover of the unit...
9 Jan 2012
Spanish lender Santander, the euro zone's largest bank, reached a requirement for 9 percent core capital by raising 15.3 billion euros, six months ahead of a deadline...
9 Jan 2012
News Corp said it has appointed Gerson Zweifach its top corporate lawyer, bringing in the highly regarded litigator at a time when the company is dealing with...
9 Jan 2012
Canada's financial services regulator and the country's banking sector are pushing back against the Volcker rule, a key plank of U.S financial reform...
9 Jan 2012
U.S. securities regulators said that defendants can no longer settle civil cases using "neither admit nor deny" language if they have already admitted to wrongdoing...
9 Jan 2012
Life insurer Legal & General and German reinsurer Hannover Re have joined forces to cover glassmaker Pilkington's staff pension fund...
9 Jan 2012
Swiss National Bank Chairman Philipp Hildebrand resigned with immediate effect, saying he could not prove he had been unaware of a currency trade made by his wife...
9 Jan 2012
B/E Aerospace Inc said it would buy aerospace supply chain manager UFC Aerospace Corp for about $400 million in cash and raised its 2012 earnings outlook...
9 Jan 2012
TNT Express' biggest shareholder PostNL is open to talks with other TNT investors about the company's future...
9 Jan 2012
Sigma-Aldrich Corp, said it will buy biopharmaceutical testing services provider BioReliance Holdings Inc from Avista Capital Partners for $350 million in cash...
9 Jan 2012
Internet search provider InfoSpace Inc said it would buy privately held tax software developer TaxACT for $287.5 million in cash to move into the online tax preparation business...
9 Jan 2012
Chinese group Minmetals Resources Ltd said that it has extended its $1.3 billion takeover offer for Africa-focused Anvil Mining Ltd to February 16...
9 Jan 2012
Australian cleaning services company Spotless Group said it would recommend an offer from Pacific Equity Partners if the private equity firm raised its offer...
9 Jan 2012
Air Products said it will sell its European homecare business to the Linde Group at an enterprise value of 590 million euros as it was no longer a natural fit...
9 Jan 2012
Diversified miner Teck Resources Ltd said it agreed to buy SilverBirch Energy Corp for cash and stock to strengthen its Frontier oil sands project in north-eastern Alberta...
9 Jan 2012
Mobile phone group Vimpelcom has agreed to sell a majority stake in its Algerian unit to Algeria, subject to agreement on price, potentially ending an ownership dispute...
9 Jan 2012
Claims against Porsche and Volkswagen filed with a German court have reached 1.8 billion euros, the court said, as compensation demands pile up for allegedly holding back crucial information...
9 Jan 2012
CVS Caremark Inc is buying the Medicare prescription drug plan business of a unit of Health Net Inc for $160 million, in its latest deal to expand in a growing segment...
9 Jan 2012
Japan's Olympus Corp has sued its current president and three ex-directors for several million dollars in compensation, sources told Reuters on Monday, as the company seeks to draw a line under one of the nation's worst accounting scandals...
9 Jan 2012
Shares in UniCredit fell again on Monday and trading in the rights to buy into the bank's closely watched cash call were suspended, fuelling concerns that other lenders may be deterred from using rights issues to plug capital shortfalls...
9 Jan 2012
Aravis Therapeutics has agreed to buy AGI Therapeutics for 6.6 million euros, a fraction of the 85 million euros the Irish pharmaceuticals group was valued at...
9 Jan 2012
The draft rules are more stringent than Basel III recommendations, and would be finalised by the third quarter this year. That would allow time for a parallel run of…
9 Jan 2012
Chinese banks extended 640.5 billion yuan ($101.51 billion) in new loans in December, up from 562.2 billion yuan in November, data from the People's Bank…
8 Jan 2012
China's stock market regulator will require companies listed on the country's Shenzhen start-up board to disclose more information to investors...
8 Jan 2012
Bristol-Myers Squibb Co has agreed to acquire Inhibitex Inc for about $2.5 billion to gain access to its promising hepatitis C treatment...
7 Jan 2012
The Swiss National Bank said it would review its internal rules governing own-transactions made by board members as it seeks to clean up its image following a trading scandal...
6 Jan 2012
Fresh signs of a mooted wave of Chinese money looking to buy European assets on the cheap emerged, with a major bank said to be in the running for parts of Britain's RBS...
6 Jan 2012
A bankruptcy judge has denied a request by Lehman Brothers Holdings Inc to block billionaire Sam Zell from acquiring part of apartment company Archstone...
6 Jan 2012
The U.S. futures regulator has been investigating whether the CME Group did enough to safeguard customer money before the collapse of MF Global last year...
6 Jan 2012
Pacific Coast Oil Trust filed with U.S. regulators on Friday to raise up to $345 million in an initial public offering of its units...
6 Jan 2012
Whistleblowers earned more than $532 million in 2011 through lawsuits alleging fraud against the U.S. government, a record for such payouts...
6 Jan 2012
Activist investor Sardar Biglari, involved in a public spat with the management of Cracker Barrel Old Country Store Inc, raised his stake in the restaurant chain...
6 Jan 2012
Peru-based cement company Cementos Pacasmayo SAA filed with the U.S. regulators to raise up to $250 million in an initial public offering of its American depositary shares...
6 Jan 2012
Imminent new guidelines on the regulation of exchange-traded funds in Europe could force Europe's burgeoning synthetic ETF industry into decline...
6 Jan 2012
British outdoor goods retailer Blacks Leisure is to go into administration and then be sold within days to one of four bidders including entrepreneur and Dragons' Den TV star Peter Jones...
6 Jan 2012
Shareholders in Anglo American voted to approve the global miner's $5.1 billion acquisition of an additional 40 percent stake in De Beers...
6 Jan 2012
The ousted British CEO of disgraced Olympus Corp, who blew the whistle on a $1.7 billion accounting fraud, dropped his bid to return to lead the medical device maker...
6 Jan 2012
Chinese machinery maker Shandong Heavy Industry Group is set to buy a controlling stake in debt-laden Italian yachtmaker Ferretti in a deal worth about $500 million, sources close to the deal said on Friday...
6 Jan 2012
Top auditor PricewaterhouseCoopers has been fined a record 1.4 million pounds ($2.2 million) in Britain for wrongly telling local regulators for seven years that JPMorgan Securities was keeping client money safe...
6 Jan 2012
A suit has been filed in the United States against French waste and water company Veolia Environnement and several top executives alleging that its financial statements from 2007-2011 were overstated and misleading...
5 Jan 2012
The ousted British CEO of Olympus Corp abandoned his three-month battle to replace the management of the scandal-tainted maker of medical devices, blaming big Japanese shareholders for not backing his campaign to take back the helm...
5 Jan 2012
The chief executives of BP and ConocoPhillips, two of Alaska's three major oil producers, said on Thursday that the only profitable way to exploit a vast but stranded quantity of Alaska's North Slope natural gas is to export it to Asian Pacific markets...
5 Jan 2012
Airlines in the Asia Pacific region may impose surcharges or increase airfares following the imposition of the European Union's new Emissions Trading Scheme (ETS), a move that could deal another blow to an industry already facing weak demand...
5 Jan 2012
Japanese trading house Marubeni Corp will spend $1.3 billion on buying a 35 percent stake in a Texas-based shale oil and gas project from Texas firm Hunt Oil Co and on developing the field, the Nikkei business daily said on Friday...
5 Jan 2012
The ousted CEO of Olympus Corp, Michael Woodford, said on Friday he is calling a halt to his three-month battle to replace the management of the scandal-tainted Japanese endoscope maker...
5 Jan 2012
Investors in "feeder funds" who lost money with Bernard Madoff do not qualify as customers of the now-imprisoned swindler, a federal judge ruled...
5 Jan 2012
Lehman Brothers Holdings Inc, which owns nearly half of real estate company Archstone, urged a judge on Thursday to allow it to buy the remaining stake...
5 Jan 2012
Eastman Kodak can seek solace in Barnes & Noble’s plight. The venerable U.S. photographic company is hurtling toward bankruptcy protection...
5 Jan 2012
The law firm of Gibbs & Bruns LLP, which represents a group of investors in soured RMBS, said that its clients have issued instructions to trustees to open investigations into...
5 Jan 2012
A federal judge ordered a Chinese unit of Deloitte & Touche to appear in court and defend itself against efforts by U.S. regulators to obtain documents...
5 Jan 2012
Congressional investigators have stepped up their inquiry into the work of credit rating firms that examined MF Global's overly risky bets on European government bonds...
5 Jan 2012
Swiss oil refiner Petroplus is talking to an unnamed oil company to secure the new credit lines and crude oil supplies it needs to stave off bankruptcy...
5 Jan 2012
Italy's Fiat SpA has raised its stake in Chrysler Group LLC by 5 percent to 58.5 percent, meeting a final target set by the U.S. government as the two groups...
5 Jan 2012
"Chairman Fu" is stepping on the gas at Sinopec's M&A machine...
5 Jan 2012
Japan Airlines plans to raise more than 500 billion yen ahead of re-listing its shares as early as September, a source with knowledge of the matter said...
5 Jan 2012
The Clorox Co : * The Clorox Company acquires Aplicare and Healthlink, expanding its ability to fight the spread of health care-associated infections...
5 Jan 2012
China Development Bank (CDB) and Japan's Sumitomo Mitsui Financial Group are the two bidders left in the race to buy Royal Bank of Scotland's aircraft leasing business in a deal that could fetch up to $7.5 billion, a source with direct knowledge of the matter told Reuters on Thursday...
4 Jan 2012
Shenzhen International Holdings Ltd said it has completed the acquisition of a 24 percent stake in Shenzhen Airlines Co Ltd, lifting its interest in the airlines to 49 percent and enhancing its exposure in the growing domestic aviation market...
4 Jan 2012
The U.S. Commodity Futures Trading Commission asked an appeals court to dismiss a challenge filed by two top industry groups to the agency's rules aimed at preventing excessive speculation...
4 Jan 2012
Oshkosh Corp said in a new letter to shareholders that company executives have met with Carl Icahn "multiple times" and said the billionaire investor "may not be certain of his intentions"...
4 Jan 2012
Lehman Brothers Holdings Inc will try to thwart the plan by Barclays Plc and Bank of America Corp to sell a big stake in apartment company Archstone to a rival...
4 Jan 2012
Securities regulators charged an Illinois-based investment adviser with using LinkedIn and other social media networking websites to lure investors...
4 Jan 2012
Private equity group CVC Capital Partners is expanding further into debt management in a deal with asset manager Resource America to create a new credit arm with assets of $7.5 billion...
4 Jan 2012
Eastman Kodak is working on a Chapter 11 bankruptcy protection filing that could be filed as soon as this month or early February if it cannot sell its digital patents...
4 Jan 2012
Liz Claiborne Inc, which sold its namesake brand last year, is changing its name to Fifth & Pacific Companies in a nod to the fashion hubs of New York and California...
4 Jan 2012
RuggedCom Inc's board recommended shareholders reject U.S. cable maker Belden Inc's C$280 million offer to buy the Canadian router and ethernet switch manufacturer...
4 Jan 2012
Chipmaker Trident Microsystems Inc filed for bankruptcy protection and said Entropic Communications Inc had been appointed as the "stalking horse" bidder...
4 Jan 2012
KGHM, Europe's No. 2 copper producer, said that Canadian and U.S. competition authorities have raised no objections to its planned C$3 billion purchase...
4 Jan 2012
UniCredit SpA launched a 7.5 billion euro rights issue at a massive discount, highlighting the struggle faced by European lenders under pressure to raise capital...
4 Jan 2012
Trying use an investment adviser's long-standing compliance procedures in the emerging world of social media isn't all that different from shoving film into a digital camera: it doesn't fit...
4 Jan 2012
China remained the world's biggest IPO market in 2011, even as total funds raised slumped from the previous year due to global economic uncertainty...
4 Jan 2012
Smith & Nephew, Europe's largest artificial hip and knee maker, is to spin off its biologics business into a new U.S.-based joint venture that will be majority owned by...
4 Jan 2012
(Reuters) Japan's Recruit Co has paid $410 million to buy two temporary staffing agencies in the U.S. and Europe from buyout firm Cerberus Capital Management , the human resources company said, as it seeks to expand overseas.
4 Jan 2012
China's Sinopec (600028.SS) and France's Total SA (TOTF.PA) made major purchases into the U.S. energy sector on Tuesday…
4 Jan 2012
Calgary-based Athabasca Oil Sands Corp (ATH.TO) said it exercised an option to sell its 40 percent interest in the MacKay River project in northern Alberta to…
3 Jan 2012
Canadian silicon producer Timminco Ltd filed for protection from creditors, after it failed to secure funding and a slump in the market hit the restart of the company's...
3 Jan 2012
A unit of Deutsche Bank must pay $3.6 million to a former managing director in an employment dispute, an arbitration panel ruled...
3 Jan 2012
U.S. regulators have only met roughly a quarter of pre-2012 deadlines included in the controversial Dodd-Frank financial reform law, according to a report...
3 Jan 2012
A New York state judge made it easier for the bond insurer MBIA Inc to pursue its $1.4 billion lawsuit accusing Bank of America Corp's Countrywide Financial unit...
3 Jan 2012
The Securities and Exchange Commission accused Life Partners Holdings Inc of an accounting fraud which overvalued assets on the firm's books...
3 Jan 2012
A group of investor clients of Stanford Financial Group is suing law firms Proskauer Rose, Chadbourne & Parke and a partner who worked at both firms for millions...
3 Jan 2012
Coach America Holdings Inc, the largest U.S. tour and charter bus operator, filed for Chapter 11 bankruptcy protection after being unable to restructure...
3 Jan 2012
MF Global unloaded hundreds of millions of dollars' worth of securities to Goldman Sachs in the days leading up to its collapse, according to two former MF Global employees...
3 Jan 2012
Shareholders of Brazilian airline TAM agreed to the terms of a stock swap central to a takeover by Chilean rival LAN Airlines that would form Latin America's biggest airline...
3 Jan 2012
JPMorgan Chase & Co has been sued for $95 million by the trustee for securities marketed in 2005 by the former Bear Stearns Cos over alleged misrepresentations...
3 Jan 2012
Top bank stakeholders of the London Metal Exchange are likely to amass enough support to block a sale they fear would bring a more heavily regulated owner...
3 Jan 2012
Athabasca Oil Sands Corp exercised its option to sell its 40 percent stake in the MacKay River oil sands project to a unit of PetroChina for C$680 million...
3 Jan 2012
Devon Energy Corp said China's Sinopec will invest $2.2 billion for a third of the U.S. oil and natural gas producer's interest in five developing fields...
3 Jan 2012
French oil group Total SA is ploughing $2.3 billion into the development of U.S. shale gas reserves in Ohio in the latest example of global energy companies...
3 Jan 2012
While Japan actively sought to stem the yen's rise -- drawing U.S. criticism last week -- China intervened to ensure the yuan ended the year at a new high…
3 Jan 2012
German phone company Deutsche Telekom AG and a Hungarian unit will pay more than $95 million to settle U.S. criminal and civil...
2 Jan 2012
Walter Liew, a U.S. citizen, and his wife, Christina Liew, were indicted last year on three counts each, including witness tampering, making a false statement and conspiracy to tamper with witnesses and evidence.
2 Jan 2012
Sprint Nextel Corp extended a December 31 deadline for LightSquared Inc, with which it may share infrastructure, to get a regulatory clearance for...
2 Jan 2012
American shareholders are suing Britain's Lloyds Banking Group and the bank's former executives, saying they were misled over its rescue of fellow lender HBOS...
1 Jan 2012
An international arbitration panel has awarded U.S. oil giant Exxon Mobil Corp $908 million in compensation for Venezuela's 2007 nationalization of assets...
1 Jan 2012
Virgin Money completed its acquisition of bailed out British lender Northern Rock despite calls for the sale to be delayed while the national auditor investigates...