NEWS
August 2010
31 Aug 2010
August's unseasonable burst of dealmaking -- the busiest in over a decade -- could herald a wider rebound in M&A for the remainder of the year as low interest rates, record cash piles and...
31 Aug 2010
China Strategic Holdings Ltd said that it was disappointed by a decision by Taiwan regulators to block American International group Inc's (AIG) planned $2.2 billion sale of Taiwan unit...
31 Aug 2010
Goldman Sachs has downgraded Housing Development Finance Corp to "sell" from "neutral" and retained the price target of 595 rupees...
31 Aug 2010
Proposed new U.S. regulations could cost mutual fund companies hundreds of millions of dollars in distribution fees they split with partners...
31 Aug 2010
Shareholders in Tomkins approved a 2.9 billion pound ($4.5 billion) takeover by a Canadian consortium, marking an end to public life for one of Britain's biggest industrial groups...
31 Aug 2010
Health insurer Cigna Corp said it acquired a privately held Belgian medical insurance and employee benefits provider to expand its expatriate benefits business in Europe...
31 Aug 2010
Diversified U.S. manufacturer 3M Co said it would pay $230 million in cash to buy Israel's Attenti Holdings SA, which makes technology used to remotely monitor criminals and elder care patients...
31 Aug 2010
Calloway Real Estate Investment Trust said it agreed to buy two new Wal-Mart anchored shopping centers in Ontario and Quebec for C$131 million...
31 Aug 2010
Electric utility Exelon Corp said it agreed to buy John Deere Renewables, the wind energy business of Deere & Co, for about $860 million to generate more power from renewable sources of energy...
31 Aug 2010
No client is too small for Goldman Sachs Group Inc these days, even a company with no revenue that's owned by a hedge fund specializing in penny stocks...
31 Aug 2010
Taiwan regulators rejected AIG's planned $2.2 billion sale of its Taiwan unit to a China-related group, citing regulations on mainland investment, and leaving the insurer facing another auction...
31 Aug 2010
Naguib Sawiris, chairman of Orascom Telecom, said his holding company Weather Investments was talking to telecoms group Vimpelcom about a merger and was open to talks with others...
31 Aug 2010
A commission chosen by Algeria will start evaluating next month how much Algeria should pay to acquire the local unit of Egyptian operator Orascom Telecom...
31 Aug 2010
Oman has awarded Saudi National Contracting Co and India's Larsen & Toubro two separate contracts worth 32.1 million rials ($83.4 million) to build power transmission units...
31 Aug 2010
Research In Motion will give India access to secure BlackBerry data beginning September 1, a government source said, leading New Delhi to put off a decision on whether to shut down the smartphone...
31 Aug 2010
Central African Gold Plc, Business Acquisition Report...
31 Aug 2010
Estonia's seasonally adjusted industrial output increased by a new all-time record of 24.6 percent in July year-on-year as manufacturing exports and energy production boosted the country's economic recovery...
31 Aug 2010
The U.S. futures regulator issued a final rule for the retail foreign exchange market, which included relaxing an earlier proposal that would slash leverage available to investors participating in these transactions...
31 Aug 2010
Northern Trust Corp said it has been granted a license by the China Banking Regulatory Commission, which would allow it to set up a banking branch in Beijing...
30 Aug 2010
Brazil's richest man, Eike Batista, said he plans to create a high technology company and an automobile company within a year...
30 Aug 2010
Hewlett-Packard Co has agreed to pay $55 million to settle kickback allegations related to federal government contracts, the U.S. Justice Department said...
30 Aug 2010
President Barack Obama broadened U.S. financial sanctions on North Korea, freezing the U.S. assets of eight North Korean companies or agencies and four individual citizens...
30 Aug 2010
Three numbers should suffice to give Chinese economic policymakers a sleepless night: 65.4 million, $28.7 billion and $2.45 trillion...
30 Aug 2010
India's top listed conglomerate, Reliance Industries, pushed ahead with its strategy to diversify into new businesses by acquiring a 14.1 percent stake in hotel chain EIH Ltd for $217.5 million...
30 Aug 2010
Renewable Sources, Drivers, Legislation, Capacity Growth and the Future Outlook has announced the addition of the "Green Energy in the UK: Renewable...
30 Aug 2010
Diversified U.S. manufacturer 3M Co said it agreed to buy Cogent Inc for more than $900 million, paying a nearly 18 percent premium for the biometric identification systems company...
30 Aug 2010
Fronteer Gold Inc agreed to buy gold-silver exploration company AuEx Ventures Inc for about C$238.2 million ($226 million) in cash and stock, plus shares in a new exploration company...
30 Aug 2010
George Weston Ltd is buying Keystone Bakeries for $185 million through its subsidiary, Maplehurst Bakeries, Canada's largest food processor and distributor said...
30 Aug 2010
Ireland's government signalled that gradually winding down nationalised Anglo Irish Bank could be an option as political pressure mounts on Prime Minister Brian Cowen to...
30 Aug 2010
Genzyme Corp rejected an $18.5 billion takeover offer from French drugmaker Sanofi-Aventis, saying it dramatically undervalues the company...
30 Aug 2010
Troubled conglomerate Dubai World has begun talks with small creditors, not included in the coordination committee of banks on its restructuring plan, to avoid any lawsuits...
30 Aug 2010
Flush with petrodollars, Libya has been buying stakes in Italian companies and has disclosed other potential investments in energy and infrastructure companies...
30 Aug 2010
A former Taiwanese diplomat who says he wants to "save" American International Group's Taiwan unit from being bought by a Chinese firm is lining up a $2.5 billion bid with Japanese and...
30 Aug 2010
Japanese and Qatari investment firms may consider a bid for American International Group's Taiwan unit if a current bid for it does not go through...
30 Aug 2010
Egyptian telecoms mogul Naguib Sawiris is in talks to sell a majority stake in mobile firm Orascom Telecom and Italy's No. 3 operator Wind to telecoms group Vimpelcom...
29 Aug 2010
South Korea's POSCO, the world's No.3 steelmaker, is considering buying Norwegian silicon maker Elkem AS, POSCO Chairman Chung Joon-yang said...
29 Aug 2010
France's Sanofi-Aventis publicly disclosed its $18.5 billion, $69-per-share cash offer for Genzyme Corp in a bid to rouse shareholders after failing to engage the U.S. biotechnology company in merger talks...
29 Aug 2010
Chinese retailer GOME Electrical Appliances Holding Ltd said it had received a letter from a firm owned by its jailed founder and biggest shareholder...
29 Aug 2010
Singapore plans to invest S$60 billion ($44 billion) over the next decade to double its suburban rail network to cope with the city-state's growing population, Prime Minister Lee Hsien Loong said on Sunday...
29 Aug 2010
Dubai World's willingness to sell prized assets such as ports operator DP World to pay down its debt pile is considered such a drastic move that analysts see it more as a last-resort bargaining tactic...
29 Aug 2010
Fund firm Castlestone Management plans to launch a portfolio investing in emerging markets from the Philippines to Iran, hoping they will show the same rapid growth seen in China and India in...
27 Aug 2010
New Jersey Governor Chris Christie, a Republican whose deep budget cuts have won wide praise, on Friday fired his education commissioner after a clerical error cost the state $400 million in...
27 Aug 2010
Former longtime AIG chief Maurice "Hank" Greenberg and another former executive will get $60 million from the company's insurers to cover legal and other costs as part of a proposed settlement of...
27 Aug 2010
Nigeria will hand over management of its electricity grid to a Canadian, Indian or Irish firm by year-end as it embarks on the multi-billion dollar privatisation of its dilapidated power sector, a top official said...
27 Aug 2010
Billionaire investor Carl Icahn has increased his holding in Motorola Inc to about 10.4 percent, according to documents the company filed with the U.S. Securities and Exchange Commission...
27 Aug 2010
U.S. chipmaker Intel and Infineon are likely to announce an agreement on the future of the German chipmaker's wireless business this weekend, three people familiar with the matter said...
27 Aug 2010
Hewlett-Packard Co raised its offer for 3PAR Inc to $2.0 billion, once again topping Dell Inc's bid and showing it had plenty of ammunition in the bidding war for the data storage company...
27 Aug 2010
Prices of safe-haven U.S. Treasuries fell after data showed economic growth wasn't as weak as feared in the second quarter, leading to a bout of profit-taking in the...
27 Aug 2010
Danish jewellery maker Pandora's owners are preparing an initial public offering of stock and are likely to unveil their flotation plans within weeks, investment banking sources close to the matter said...
27 Aug 2010
Plans to make hybrid bond investors share the pain when banks run into trouble could polarise the financial sector into big firms that can afford to pay up for capital and smaller players that cannot...
27 Aug 2010
Steelmaker Corus, owned by Tata Steel, said it had reached an agreement with Thailand's SSI on the potential $500 million sale of its mothballed Teesside plant in northern England...
27 Aug 2010
Nortel Networks Corp is selling its global multi-service switch business to Marlin Equity Partners and Samnite Technologies Inc for $39 million in cash, the company said...
27 Aug 2010
German national rail operator Deutsche Bahn aims to take advantage of historically low interest rates to sell at least one billion euros in bonds on capital markets this year, Bahn board member Richard Lutz said...
27 Aug 2010
After last year's flurry of stock offerings made Hong Kong the world's top spot for IPOs, the city is bracing for another surge, with companies targeting up to a combined $6 billion in...
27 Aug 2010
Velocity Commercial Capital Inc filed with U.S. regulators to raise up to $175 million in an initial public offering of common stock...
27 Aug 2010
India's value-added (VAS) telecom service providers are girding up to raise money from the primary market as they get ready to support India's plan to launch 3G services that promises to boost telecom profits...
26 Aug 2010
Private equity firm Bain Capital LLC has reached a deal to buy Air Medical Group Holdings, the largest independent U.S. provider of emergency air medical services...
26 Aug 2010
Developed nations' banks are still reeling from the global economic crisis, but Colombia's banking sector looks attractive for foreign players in search of solid returns with safe regulations, solid profits and a robust recovery...
26 Aug 2010
The United States announced plans to toughen rules against what it sees as unfair foreign trade practices, proposing a number of changes likely to irk China, its biggest import supplier...
26 Aug 2010
The U.S. government proposed to fine American Airlines $24.2 million for alleged maintenance violations that led to thousands of flight cancellations two years ago...
26 Aug 2010
Warren Buffett's Berkshire Hathaway Inc said it will propose buying the 19.9 percent it does not already own of Wesco Financial Corp, a company run by Berkshire Vice Chairman Charlie Munger...
26 Aug 2010
U.S. auto parts supplier Visteon Corp has asked a federal bankruptcy court to approve $700 million in financing so it can exit its 15-month bankruptcy...
26 Aug 2010
Dell Inc raised its bid for data storage company 3PAR Inc to $1.6 billion (1.0 billion pounds), offering slightly more than bigger rival Hewlett-Packard Co which is expected to respond with an even stronger bid...
26 Aug 2010
COOEC, the offshore arm of China's state-owned oil firm CNOOC, is looking for Norwegian partners to strengthen its position in deepwater drilling worldwide, a senior COOEC executive told Reuters...
26 Aug 2010
Vodafone is likely to sell assets in Poland, China and eventually France as it starts a retreat from sprawling international expansion designed to appease investors who believe it needs more discipline...
26 Aug 2010
Canada's Allied Properties REIT will raise C$50 million on a bought-deal basis to pay down credit available for acquisitions, and said it remains committed to...
26 Aug 2010
The Federal Reserve has begun taking the first steps to crack down on debit-card transaction fees, with the battle between merchants and banks moving from the legislative to the regulatory arena...
26 Aug 2010
China Life, the world's most valuable insurer, said it has not held talks with AIG since March, despite reports it may be part of a Chinese consortium that aims to buy 30 percent of AIA...
26 Aug 2010
The economic crisis in the Baltic states, which suffered the European Union's worst recessions last year, has begun to ease and the region's growth prospects are...
26 Aug 2010
Vodafone Essar, India's No.3 mobile company, has decided not to proceed with an initial public offering of the joint venture for now, sources familiar with the matter told Reuters...
26 Aug 2010
Security services group G4S reported a 3 percent rise in first-half profit, helped by strong performances at its emerging markets businesses, and predicted UK government spending cuts would...
26 Aug 2010
Rochester, New York-based Fibertech is changing hands from Nautic Partners and Ridgemont Equity Partners, which was previously part of Bank of America Corp...
26 Aug 2010
State-owned conglomerate Dubai World's creditors have been told the company is in need of "urgent" restructuring as it seeks agreement on a multi-billion dollar debt plan....
26 Aug 2010
Dubai World is prepared to sell prized assets including previously ringfenced ports firm DP World in a bid to raise as much as $19.4 billion to repay creditors, a document obtained by Reuters showed...
26 Aug 2010
Dubai's Nakheel has $10.9 billion of bank debt and will receive key assets from parent company Dubai World for its business plan after separation...
26 Aug 2010
The number of subscribers for PT Indosat, Indonesia's No. 2 mobile phone operator, may hit 40 million by year end, based on the firm's growth forecast, and putting it only just ahead of rival XL Axiata...
26 Aug 2010
Adani group plans to invest in a $1.6 billion coal railway project in Indonesia's South Sumatra province...
26 Aug 2010
Japan's Asahi Breweries Ltd said it will buy closely-held Australian fruit juice maker P&N Beverages for A$364 million ($322 million) to help fuel its overseas expansion...
26 Aug 2010
Kuwaiti carrier Jazeera Airways said it was cancelling a premium on a planned rights issue and it expects support from its shareholders and lenders to provide liquidity...
26 Aug 2010
The fate of BlackBerry's encrypted email and messaging services in India will be decided in last-ditch talks starting between the smart phone's maker and security agencies ahead of...
26 Aug 2010
Iran has increased production of crude from its Hengam offshore oilfield to 10,000 barrels per day (bpd)...
26 Aug 2010
Oman's Nawras, a subsidiary of Qatar Telecom is looking to raise up to 400 million rials ($1.04 billion) from its initial public offering...
26 Aug 2010
Turkey's first Islamic bond, from lender Kuveyt Turk, will pay a coupon of 5.25 percent and was 45 percent oversubscribed by investors...
26 Aug 2010
Abu Dhabi National Energy Co said it was looking to raise its stake to 60 percent in a Dutch gas storage project being jointly developed with Russia's Gazprom...
25 Aug 2010
China's top offshore oil and gas producer, CNOOC Ltd, has signed an agreement with Australia's Roc Oil and Horizon Oil to develop two oil fields in China...
25 Aug 2010
Distributing new varieties of drought tolerant maize to African farmers could save more than $1.5 billion dollars, boost yields by up to a quarter and lift some of...
25 Aug 2010
Half a billion dollars is normally sufficient to sway the minds of mortals. But in the case of Potash Corp’s potential sale to BHP Billiton, don’t expect such a...
25 Aug 2010
Blackstone Group LP urged a federal appeals court not to revive an investor lawsuit accusing it of hiding bad investments before raising $4.7 billion in its 2007 initial public offering...
25 Aug 2010
Niche Dutch luxury cars maker Spyker Cars, which bought Sweden's Saab from General Motors Co earlier this year, has informed stock exchange NYSE Euronext that it has more liabilities than assets...
25 Aug 2010
Even as UBS launches a global campaign to revive its banged-up brand, the Swiss bank's U.S. brokerage faces another costly and embarrassing wave of regulatory actions...
25 Aug 2010
Shareholders won more power on Wednesday to shake up corporate boards in the United States after the financial crisis exposed weaknesses in how companies were managed...
25 Aug 2010
Korea National Oil Corp said it had posted offer documents to Dana Petroleum shareholders as it pressed ahead with its 1.67 billion pounds hostile takeover bid for the British firm...
25 Aug 2010
Barnes & Noble Co said activist investor Ronald Burkle was unqualified to be on its board and accused the billionaire of trying to take over the bookseller through a proxy battle without rewarding shareholders...
25 Aug 2010
A big high-frequency trading firm faces possible civil charges by regulators after its computer ran amok and sparked a frenzied $1 surge in oil prices in February...
25 Aug 2010
Royal Dutch Shell Plc and Brazilian sugar and ethanol giant Cosan signed a binding agreement to create a global ethanol business, looking to benefit from growing demand for biofuels...
25 Aug 2010
American International Group Inc is expected to decide by early next week whether to enter formal negotiations with strategic investors for its Asian life insurance business, AIA...
25 Aug 2010
A global authority may be set up to oversee Islamic finance sharia advisers, a religious scholar said, amid calls to address the fragmented regulation which threatens to slow the industry's growth...
25 Aug 2010
Saudi-based Dar Al-Arkan Real Estate Development Co said it does not expect any of the three main ratings agencies to downgrade it after Moody's put it under review earlier this month...
25 Aug 2010
Shareholders may soon get more power to shake up corporate boardrooms in the U.S. after the financial crisis exposed glaring weaknesses in how companies were managed...
25 Aug 2010
Specialty chemicals giant LyondellBasell Industries NV will end its operations in Iran to avoid penalties the U.S. could soon impose on companies for violating trade sanctions...
24 Aug 2010
Japan's Ministry of Finance may consider unilateral yen-selling market intervention if speculators drive up the currency, the Nikkei newspaper reported, after failed attempts to verbally curb sharp yen gains...
24 Aug 2010
Brazil is seeking to boost its production of biodiesel and create jobs in the countryside by encouraging biofuels companies to buy raw materials from small farmers...
24 Aug 2010
Bankrupt Canadian newsprint producer AbitibiBowater Inc said the government of Canada will pay it C$130 million to settle a claim seeking compensation from a province for...
24 Aug 2010
Financial markets are knocking down a wall of debt maturity that has endangered the U.S. economic recovery and threatened to push more companies into bankruptcy...
24 Aug 2010
Shares in Dell Inc dived more than 5 percent on a report the PC maker is preparing to sweeten its bid for 3PAR Inc, after its offer was trumped by larger rival Hewlett-Packard Co...
24 Aug 2010
Media conglomerate Time Warner Inc is poised to purchase television network Chilevision, which is owned by Chile President Sebastian Pinera, a source familiar with the deal said...
24 Aug 2010
BHP Billiton's hostile $39 billion bid for fertiliser group Potash Corp faces a potential obstacle -- formal approval by its own shareholders -- if it sweetens its offer by more than 22 percent...
24 Aug 2010
Canada's Anaconda Mining warned it may go hostile with its bid for New Island Resources' interest in a gold mine, after the junior miner filed a bid violation application with...
24 Aug 2010
PricewaterhouseCoopers LLP said it agreed to buy Diamond Management & Technology Consultants Inc for $378 million to expand its advisory business...
24 Aug 2010
EU regulators cleared U.S. insurer MetLife Inc to acquire American Life Insurance Co and Delaware American Life Insurance Co, a $15.5 billion deal that will...
24 Aug 2010
Italian builders have presented 20 offers for a 1,700 km motorway across Libya, the biggest project of its kind in Africa, Italy's infrastructure minister Altero Matteoli said...
24 Aug 2010
The European chemicals sector is set for more consolidation as plain Jane chemicals giants eye recession-proof beauty additives for a makeover, following the example of BASF's recent buy of Cognis...
24 Aug 2010
A run-down court building that also houses the local casino in this Amazon jungle town is the unlikely venue for the largest environmental damages lawsuit ever tried...
24 Aug 2010
The Thai government approved a $2 billion plan to expand capacity at Bangkok's Suvarnabhumi Airport by 50 percent with a new passenger terminal, connecting tunnel, third runway and parking areas...
24 Aug 2010
A legal showdown between Lehman Brothers and Barclays Plc resumed with a Barclays executive testifying in court that a Barclays pact to buy parts of bankrupt Lehman was the...
23 Aug 2010
AIG said it was committed to closing its $2.2 billion sale of Taiwan unit Nan Shan Life to a buyer group led by China Strategic and was confident the stalled sale would get Taiwan regulatory approval...
23 Aug 2010
State-run Korea National Oil Corp will not consider raising its $2.6 billion hostile takeover offer for British oil explorer Dana Petroleum in return for management backing, KNOC's chief executive said...
23 Aug 2010
New issues of insurance catastrophe bonds should rapidly rebound to pre-financial crisis highs as securities markets stabilise...
23 Aug 2010
Industrial conglomerate Emerson Electric Co set its second asset sale in less than a week, agreeing to sell its LANDesk Software technology services unit to...
23 Aug 2010
A man accused with his girlfriend of operating a "brazen" insider trading scheme involving Walt Disney Co stock pleaded guilty to conspiracy and fraud...
23 Aug 2010
PrivateRaise, a service of DealFlow Media, Inc., today announced the launch of its new PIPE Portfolio Manager solution. Available exclusively within the PrivateRaise suite of products...
23 Aug 2010
Casey's General Stores, the U.S. chain that is the target of a hostile takeover bid by Canada's Alimentation Couche-Tard, appealed to shareholders...
23 Aug 2010
U.S. stocks rebounded from a two-week string of losses in the Dow and S&P as a bidding war involving HP and Dell, along with other acquisition deals...
23 Aug 2010
Bailed-out insurer American International Group Inc said it paid back nearly $4 billion in U.S. loans in its single largest cash payment so far...
23 Aug 2010
Marks & Spencer, Britain's biggest clothing retailer, has added some investment banking clout to its boardroom, naming veteran City heavyweight Robert Swannell as successor to...
23 Aug 2010
Potash Corp has held discussions with China's Sinochem Group, said a source close to the matter...
23 Aug 2010
A $20 billion compensation fund for economic victims of the BP Gulf oil spill opens for business amid accusations that...
23 Aug 2010
China has accelerated a programme to gradually internationalise its currency, encouraging greater use of yuan CNY=CFXS in settling trade and...
23 Aug 2010
Oil and gas company SM Energy Co plans to raise at least $300-$500 million over the next 12 months via joint venture agreements and sale of assets, including...
23 Aug 2010
Beverage groups SABMiller and Asahi Breweries are looking at Foster's Group's beer operations, valued at more than $10 billion, but have not yet made any formal offers, sources said...
23 Aug 2010
Real estate firm Egyptian Resorts said its board of directors agreed to take back a piece of land the company had sold for about $11 million after the buyer failed to meet some sale requirements...
23 Aug 2010
Low-cost Saudi carrier Sama is suspending operations after the private firm failed to obtain financing from investors or government support as losses accumulated...
23 Aug 2010
Dubai's government will keep its options open for a potential sovereign debt issue later this year but it is not under pressure to do so...
22 Aug 2010
British oil explorer Dana Petroleum will press Korea National Oil Corp to drop its 1.87 billion pound ($2.9 billion) hostile takeover bid and raise the offer in return for board recommendation...
22 Aug 2010
Royal Dutch Shell<RDSa.L> and German chemicals maker BASF<BASF.DE> plan to appeal a first instance Brazilian court ruling on health injuries related to pollution at a former pesticide plant...
22 Aug 2010
Campbell Soup Co, the world's largest soup maker, is considering making a 1.5 billion pound ($2.3 billion) break up bid for Britain's United Biscuits...
22 Aug 2010
Russia's largest oil producer Rosneft will invest $630 million in a joint project with an UAE oil firm to drill for gas in the Middle East, a top Russian official said...
22 Aug 2010
The Dubai government, which is restructuring $23.5 billion (15.1 billion pounds) in debt, will launch a roadshow for fixed-income investors in Asia starting on August 26...
22 Aug 2010
Billionaire financier George Soros has bought a 4 percent holding in Bombay Stock Exchange for about $35 million, two sources with direct knowledge of the deal told Reuters...
22 Aug 2010
Abu Dhabi government-owned investment company Mubadala Development said its property director, Canadian lawyer John Thomas, will resign at the end of August...
21 Aug 2010
Canada's First Quantum said that Kazakh mining group ENRC's acquisition of mining rights in Congo violated a tribunal order freezing the sale of a contested mining project...
20 Aug 2010
Canada's gold miner Pacific Rim Mining Corp said it intends to buy a gold project in Panama for $1.2 million in cash and stock, barely a month after raising going concern doubts...
20 Aug 2010
Global mergers and acquisitions have hit nearly $200 billion this month, making it already one of the busiest Augusts on record in what is typically one of the year's quietest periods...
20 Aug 2010
The correlation between the euro and euro zone sovereign debt risk has tightened in past weeks, and revived concerns about the region's most indebted countries may well...
20 Aug 2010
Miner BHP Billiton formally launched its $39 billion hostile offer for Potash Corp, the world's largest fertilizer company...
20 Aug 2010
China's securities regulator took fresh steps to improve the pricing mechanism of initial public offerings, allowing more institutions to participate in bookbuilding and...
19 Aug 2010
Air China and the municipal government of Beijing are in talks to set up a new airline that would focus on business travel, the China Business News reported on Friday, citing unnamed sources...
19 Aug 2010
Hong Kong's PCCW sold $500 million of bonds due in 5-½ years at a coupon rate of 4.25 percent, a source close to the deal said...
19 Aug 2010
State-run Korea National Oil Corp plans to go to shareholders of UK oil explorer Dana Petroleum with a 1,800 pence per share offer worth $2.6 billion, after Dana's management rejected its bid proposal...
19 Aug 2010
Tyco International Ltd is returning to the Standard & Poor's 500. SPX after the overseers of that index reconsidered their policy on removing companies that incorporate outside the United States...
19 Aug 2010
The following statement was issued today by the law firm of Barroway Topaz Kessler Meltzer & Check...
19 Aug 2010
First Niagara Financial Group Inc said it will buy NewAlliance Bancshares Inc for $1.5 billion in cash and stock to boost its presence in the New England region...
19 Aug 2010
Chip maker Intel Corp said it would buy security technology firm McAfee Inc for $7.68 billion in an effort to make security technology a strategic focus...
19 Aug 2010
MasterCard Inc said it would buy British payment services provider DataCash Group Plc for 333 million pounds ($520 million) in cash to expand its e-commerce business...
19 Aug 2010
India's security agencies are testing ways to access corporate email on Blackberry devices by obtaining encrypted data in a readable format, a government source said...
19 Aug 2010
Thai Airways International Plc said it was reviewing plans for a budget airline alliance with Singapore's Tiger Airways after two big Tiger shareholders and its chief executive sold discounted shares in...
19 Aug 2010
India's telecoms ministry has suggested a formula by which security agencies can get access to corporate email on Research In Motion's Blackberry devices, the Economic Times reported...
18 Aug 2010
A federal judge refused to dismiss an investor lawsuit against Fairfield Greenwich Group, a hedge fund firm accused of funneling money to the now-imprisoned Bernard Madoff for his...
18 Aug 2010
Securities regulators will meet on August 25 to consider giving shareholders more power to nominate company directors...
18 Aug 2010
A joint venture led by hedge fund investor William Ackman has been sued by two major banks to stop it from foreclosing next week on the equity in Manhattan's giant Stuyvesant Town and...
18 Aug 2010
General Motors Co filed for an initial public offering of stock, clearing a key hurdle toward repaying taxpayers for a controversial bailout just over a year after its bankruptcy...
18 Aug 2010
General Motors Co filed for an initial public offering of stock The IPO could raise as much as $20 billion, people with knowledge of the preparations have said...
18 Aug 2010
Och-Ziff Capital Management Group was a subject of a regulatory probe surrounding Lehman Brothers' 2008 collapse but the investigation went "nowhere," a lawyer for the fund company said...
18 Aug 2010
Bank of America Merrill Lynch will pay $2.5 million in restitution and fines after it failed to provide discounts to customers on a type of securities sale, the brokerage industry's primary regulator said...
18 Aug 2010
Merger and acquisition activity in Brazil will likely gather steam in the second half of 2010, reaching an all-time high for the year as Asian companies snap up local assets, a top industry executive said...
18 Aug 2010
A U.S. judge approved giant British bank Barclays Plc's $298 million settlement of charges that it had violated U.S. trade sanctions, a day after he criticized the agreement as a...
18 Aug 2010
Investors scared off by Dubai's debt crisis are taking a new look at government-related entity debt in the United Arab Emirates, but broad reforms are needed as well as competitive pricing to develop the secondary market...
18 Aug 2010
SEC said it charged State of New Jersey for fraudulent municipal bond offerings and that New Jersey has agreed to settle the case without admitting or denying the SEC's findings...
18 Aug 2010
Nidec Corp said it will buy two of Emerson Electric's motors businesses in a deal believed to be worth up to $820 million, adding to a surge in overseas deals by Japanese firms seeking growth and...
18 Aug 2010
A New York judge has combined two shareholder lawsuits against executives and directors of Goldman Sachs Group Inc and put the case on hold pending progress on resolving it and 16 related federal lawsuits...
18 Aug 2010
Swiss drugmaker Novartis is seeking to use Swiss merger law to push through its buy of a minority stake in U.S. eyecare group Alcon, which would give it full control of the group...
18 Aug 2010
U.S. private equity firm Lone Star has decided to scrap its plan to sell a majority stake in Korea Exchange Bank worth $4 billion at current market price because of weak demand from...
18 Aug 2010
Marius Kloppers does not want to fail to be big -- again...
18 Aug 2010
General Motors and China's SAIC Motor Corp deepened their ties to include the joint development of small engines and transmissions as the U.S. automaker seeks to draw on the allure of the...
18 Aug 2010
China Everbright Bank shares surged 17 percent on their Shanghai debut, trumping forecasts for the $3 billion IPO and boding well for at least $20 billion in China bank fundraising in the pipeline...
18 Aug 2010
Wild swings in wheat prices and uncertainty surrounding global supplies are burnishing the allure of Australian grain firms for international companies looking to...
17 Aug 2010
China Huaneng Group, the nation's biggest electricity producer, is in advanced talks to buy a 50 percent stake in U.S.-based power utility InterGen NV for about...
17 Aug 2010
The U.S. Securities and Exchange Commission is conducting a formal investigation into possible insider trading by certain past and current officers and...
17 Aug 2010
Manulife Financial Corp sold C$900 million ($874 million) of five-year notes, according to a term sheet seen by Reuters...
17 Aug 2010
Reynolds Group Holdings Ltd plans to buy Hefty bag maker Pactiv Corp for about $6 billion, further consolidating the competitive food packaging industry and...
17 Aug 2010
Germany's BASF will build a new dispersions plant in Huizhou in China's Guangdong province to meet growing demand from southern China, the chemicals group said...
17 Aug 2010
Cheyne Capital is overhauling its Queen's Walk Investment fund, hit hard by the U.S. subprime crisis, by cutting its payouts and raising cash to spend on less risky assets to widen its appeal...
17 Aug 2010
The U.S. Commodity Futures Trading Commission said it has formally withdrawn its proposed rule on energy position limits as it prepares to issue broader curbs on...
17 Aug 2010
Hewlett-Packard Co said it would buy Fortify Software, a privately held security software maker based in San Mateo, California for an undisclosed sum...
17 Aug 2010
"Dark pools" and other alternative trading systems are not as big a threat to Asia's bourses as they are for their western counterparts, given regulators' reluctance to...
17 Aug 2010
Regulatory hurdles could delay Vedanta Resources' purchase of a stake of up to $9.6 billion (6.1 billion pounds) in Cairn India, but the buyer and analysts see them as unlikely to derail the deal...
17 Aug 2010
China took a new step on Tuesday to promote the use of the yuan beyond its borders, a strategic initiative to raise the global profile of the currency while retaining capital controls to shield its economy from speculators....
17 Aug 2010
China drew 29 percent more foreign direct investment (FDI) in July than a year earlier, with global firms still flocking to the country to build factories and set up research centres despite a bout of labour unrest....
17 Aug 2010
China Huaneng Group Corp and Datang Corp, the country's top power producers, plan to float shares of their renewable energy units in Hong Kong in offerings that could...
17 Aug 2010
News that Hulu is talking to investment banks about an IPO that could value it at more than $2 billion is a mouth-watering prospect for bankers. After all, the last huge, true Hollywood public offering was...
17 Aug 2010
The rising yen is helping reignite a push by Japanese companies to snap up overseas assets and secure growth outside their sluggish home market, after the financial crisis quieted their dealmaking last year...
17 Aug 2010
India, which has threatened to block some BlackBerry services over security worries, has formally asked mobile operators to ensure a monitoring system for the smartphone's services by August 31...
17 Aug 2010
Forget about politics, the biggest divide in the U.S. is between stock and bond investors, who aren't so much arguing as speaking entirely different languages...
16 Aug 2010
China drew $58.35 billion in foreign direct investment in the first seven months of the year, 20.7 percent more than in the same period of 2009, the Ministry of Commerce said...
16 Aug 2010
Aon Corp said it entered into credit agreements for up to $2.5 billion to fund its recent acquisition of Hewitt Associates Inc...
16 Aug 2010
South Korean earphone and headset maker Cresyn said on Tuesday it had not given any improper commissions to an Apple global supply manager charged with accepting kickbacks from Asian companies...
16 Aug 2010
Trading in shares of Denway Motors Ltd was suspended, the Hong Kong exchange said....
16 Aug 2010
Private equity-owned Nielsen plans to raise up to $2.01 billion through an initial public offering, more than the $1.75 billion it was originally aiming for, it said in a U.S. regulatory filing...
16 Aug 2010
General Motors Co has completed the paperwork for an initial public offering and timing of its filing with the U.S. securities regulators now rests with the board of the top U.S. automaker...
16 Aug 2010
Fund giant Fidelity Investments sharply raised its holdings of oil firm Exxon Mobil in the second quarter, a filing showed, though it reduced other large positions including stakes in Google Inc and...
16 Aug 2010
Billionaire activist investor Carl Icahn said he has added energy companies NRG Energy Inc and Anadarko Petroleum Corp to his portfolio, and sold off most of his...
16 Aug 2010
Union members at AstraZeneca have voted to strike over the proposed closure of the pharmaceutical giant's final salary pension scheme, the GMB union said...
16 Aug 2010
Canadian fertilizer maker Agrium Inc offered $1.1 billion for Australia's AWB, trumping a rival bid from local player GrainCorp, as it seeks to expand its global retail operations...
16 Aug 2010
Barclays Bank Plc has agreed to pay nearly $300 million to settle criminal charges that it violated U.S. sanctions in dealings with Cuba, Iran, Libya, Sudan and Myanmar...
16 Aug 2010
The Muslim fasting month of Ramadan may be delaying the start of talks between the Algerian government and Egypt's Orascom Telecom to buy the mobile firm's Djezzy unit...
16 Aug 2010
Chinese cement producer West China Cement Ltd raised US$179 million after pricing its Hong Kong initial public offering at top of an indicated range, sources familiar with the deal said...
16 Aug 2010
The Federal Reserve published new rules aimed at protecting consumers from abusive mortgage practices, including clearer cost disclosures and a ban on payments to mortgage brokers for...
16 Aug 2010
Dell Inc plans to buy data storage company 3PAR Inc for $1.15 billion in cash, expanding its cloud computing business to compete with other technology services companies like IBM...
16 Aug 2010
Pacific Biosciences of California Inc filed with U.S. regulators to raise up to $200 million in an initial public offering of common stock...
16 Aug 2010
Veeco Instruments Inc agreed to sell its metrology business to scientific instrument maker Bruker Corp for $229 million in cash, to focus on process equipment for the LED...
16 Aug 2010
Global corporate mergers and acquisitions activity involving sovereign wealth funds rose to more than $12 billion in the second quarter with 33 deals completed...
16 Aug 2010
Medco Health Solutions Inc said it would acquire privately held United BioSource Corp for about $730 million to boost its safety-monitoring capabilities for medicines and...
16 Aug 2010
Vedanta Resources plans to spend up to $9.6 billion clinching control of Cairn India, giving billionaire mining magnate Anil Agarwal a slice of India's oil reserves and...
16 Aug 2010
The European Commission unveiled proposals for a change to EU rules governing financial conglomerates, saying it wanted national supervisors to have more oversight of...
16 Aug 2010
BlackRock Inc, the world's biggest fund manager, said it will buy Taiwanese fund management firm Primasia Investment Trust...
16 Aug 2010
Vedanta to buy stake in Cairn India for £5.4 - 6.1 billion...
16 Aug 2010
Hulu is planning an initial public offering which could value the U.S. video viewing site at more than $2 billion, the New York Times said...
15 Aug 2010
RSA has secured backing from three major banks for at least 5 billion pounds ($7.8 billion) in equity if the British insurer can pursue its bid for Aviva's non-life unit in the UK, Canada and Ireland...
15 Aug 2010
Agricultural Bank of China (AgBank) said it had fully exercised an over-allotment option for the Shanghai portion of its initial public offering, taking total proceeds from the offer to...
15 Aug 2010
Real estate firm Egyptian Resorts' net profit plunged by more than 90 percent in the first six months of 2010, the bourse said, after the company failed to sell any land...
15 Aug 2010
Kuwait's loss-making national carrier Kuwait Airways Corp said it will borrow from local banks to pay salaries...
14 Aug 2010
A merger between Brazil's TAM and Chile's LAN airlines would generate synergies likely to add some $3 billion in value to the new group...
13 Aug 2010
Goldman Sachs Group Inc said several top company officials, including Chairman and Chief Executive Lloyd Blankfein, exercised stock options this week and...
13 Aug 2010
Six U.S. Democratic Senators have asked the head of the U.S. Securities and Exchange Commission to require more disclosure about the trillions of dollars worth of...
13 Aug 2010
Harvard, the richest university in the world, raised its exposure to emerging markets and increased its bet on China during the second quarter, a regulatory filing released on...
13 Aug 2010
Blackstone Group LP's deal to buy Dynegy Inc is an unusually structured buyout that would give it control of the power company without having to refinance or invest much...
13 Aug 2010
IBM said it intends to purchase marketing software maker Unica for roughly US$480 million, in a move that will boost Big Blue's capabilities for creating focused marketing campaigns...
13 Aug 2010
ExamWorks Group Inc filed with U.S. regulators to raise up to $172.5 million in an initial public offering of its common stock...
13 Aug 2010
Alabama is suing BP Plc, Transocean and Halliburton for "catastrophic harm" caused by the Gulf of Mexico oil spill, the state's attorney general said...
13 Aug 2010
Blockbuster Inc said it had extended a debt-payment deadline to the end of September, but reported a wider loss and warned it might have to liquidate, sending its shares down 20 percent...
13 Aug 2010
Blackstone Group said it will buy power producer Dynegy Inc for $543 million in cash and sell four of its power plants to NRG Energy in the latest shake-up in the...
13 Aug 2010
Insurer RSA has approached rival Aviva about buying its general insurance operations in the UK and elsewhere for 5 billion pounds...
13 Aug 2010
Oracle Corp sued Google Inc, alleging patent and copyright infringement in the development of the popular Android smartphone software...
12 Aug 2010
China Life and two other Chinese companies may not proceed with bids for stakes in American International Group's Asian unit AIA ahead of the unit's planned IPO...
12 Aug 2010
Private equity firms General Atlantic and Apax Partners have agreed to effectively underwrite a planned stockmarket float of SouFun, China's second-largest online real estate website...
12 Aug 2010
India, the world's fastest-growing telecom market, said it would hobble Research In Motion's BlackBerry smartphone unless the company gives it the keys to decode encrypted email and messages by the end of August...
12 Aug 2010
Bank regulators pledged an "open door" policy for carrying out financial reform, also saying they will inform the public of meetings between senior officials and private sector individuals...
12 Aug 2010
Barnes & Noble could not reach a deal to end a rift with billionaire investor Ron Burkle, casting doubt on the top U.S. bookselling chain's ability to attract buyers and...
12 Aug 2010
General Motors Co posted its biggest quarterly profit in six years and CEO Ed Whitacre stepped aside on the cusp of an IPO expected to allow the U.S. government to relinquish its majority stake...
12 Aug 2010
Recovery in Europe's sluggish market for commercial property bonds is lagging up to five years behind the United States, delaying a return to cheaper borrowing and...
12 Aug 2010
Wall Street bonuses likely will rise this year, despite the regulatory cloud hanging over compensation, as the financial sector recovers from recession faster than the broader U.S. economy...
12 Aug 2010
Lehman Brothers says hedge fund company Och-Ziff Capital Management Group is stonewalling its efforts to subpoena information related to Lehman's collapse and...
12 Aug 2010
Private equity firms such as Kohlberg Kravis Roberts & Co and regional heavyweight Abraaj Capital which benefited from Dubai's boom years are now looking to the emirate for reforms needed to...
12 Aug 2010
Customs officials in Ukraine, which is considering introducing a quota system for grain exports, said on Thursday they had prevented export of 28,500 tonnes of wheat because of incorrect paperwork...
12 Aug 2010
Trading-focused Hyundai Group said its group firms would bid for a $2.4 billion stake in Hyundai Engineering & Construction put up for sale by creditors...
12 Aug 2010
Insurer Prudential said it had trimmed the cost of its failed bid for AIG's Asian unit as it reported a forecast-beating half-year profit, helped by a strong performance from its own Asian business...
12 Aug 2010
India may temporarily shut down BlackBerry services if security concerns are not addressed in a meeting on Thursday, sources said, a sign the Canadian firm's tussle with authorities around the world is far from over...
11 Aug 2010
Foreign banks may soon be allowed to underwrite bonds issued by non-financial companies on China's interbank markets, a newspaper reported...
11 Aug 2010
MakeMyTrip Ltd, an India-based online travel company, conducted a $70 million initial public offering, selling shares at the high end of the the expected range, an underwriter said...
11 Aug 2010
Australian airport operator MAp Airports said it expects to sell its 16 percent stake in Mexican airport operator Grupo Aeroportuario del Sureste de Mexico or Asur for $207 million...
11 Aug 2010
Luigi Lavazza S.p.A has agreed to invest $250 million in Green Mountain Coffee Roasters Inc under a common stock repurchase agreement...
11 Aug 2010
U.S. securities regulators said they are working on technical fixes for the still-unexplained May "flash crash," but some market players say they want a wholesale review of high-speed trading...
11 Aug 2010
Viacom Inc is appealing a U.S. judge's dismissal of its $1 billion lawsuit accusing Google Inc of allowing copyrighted videos on YouTube without permission...
11 Aug 2010
American International Group Inc is selling most of its consumer finance unit to hedge fund and private equity firm Fortress Investment Group at a deep discount and...
11 Aug 2010
Saudi Arabia plans to build schools, hospitals, housing and other infrastructure projects as part of a five-year plan budgeted at $385 billion...
11 Aug 2010
Unsecured creditors of Capmark Financial Group Inc are looking to recover $1.5 billion in alleged fraudulent transfers made by the bankrupt commercial real estate company...
11 Aug 2010
PetroAlgae Inc filed with U.S. securities regulators to raise up to $200 million in an initial public offering of common stock...
11 Aug 2010
China has been buying record amounts of Japanese government debt because it is less risky than U.S. debt, at least in the short term, a Chinese government economist said...
11 Aug 2010
Technology licensing firm Wi-Lan Inc said it has settled all patent litigation with telecoms equipment maker UTStarcom Inc...
11 Aug 2010
Overseas Union Enterprise, a firm controlled by Indonesia's Lippo Group, said it bought two Singapore office blocks from funds managed by Goldman Sachs for S$870.5 million...
11 Aug 2010
Atrium European Real Estate is suing its founder, Austrian coffee roasting heir Julius Meinl V, and his bank for over 2 billion euros ($2.6 billion) in damages...
11 Aug 2010
The Reserve Bank of India said it intends to grant a limited number of new bank licences, a move that was earlier flagged by the government to expand the geographic reach of the sector...
11 Aug 2010
Ukraine's Agriculture Minister Mykola Prysyazhnyuk was quoted as saying that the ministry would propose grain export quotas for the 2010/11 season...
11 Aug 2010
Research In Motion has agreed to hand over user codes that would let Saudi authorities monitor its BlackBerry Messenger, as it seeks to stop the kingdom from silencing the service...
10 Aug 2010
A top Democratic lawmaker proposed to take back disclosure exemptions granted to U.S. securities regulators in new financial reform legislation...
10 Aug 2010
The U.S. Commerce Department is analyzing a court ruling that strikes at its ability to simultaneously apply two sets of import duties on goods from China, a department official said...
10 Aug 2010
A federal appeals court allowed Verizon Communications Inc to correct an in-house lawyer's drafting error in a pension plan that could have cost the...
10 Aug 2010
Surging Chinese investment in Brazil is reshaping ties between the countries as companies seek to secure resources and tap the rising consumer class in Latin America's largest economy...
10 Aug 2010
Florida Attorney General Bill McCollum said he is suing the world's biggest makers of liquid crystal display screens for engaging in a "conspiracy at the highest level" to fix prices...
10 Aug 2010
A joint venture of private Turkish companies Is-Kaya Insaat and MMEKA Machinery made top bids totalling nearly $5 billion for rights to operate two Turkish power grids...
10 Aug 2010
A New Orleans federal judge will oversee a swath of civil lawsuits brought by injured oil rig workers, commercial fishermen and others stemming from the Gulf of Mexico oil spill...
10 Aug 2010
For once, Sao Paulo's horrid traffic could help a local company get somewhere...
10 Aug 2010
Ontario Teachers' Pension Plan, the largest stakeholder in Maple Leaf Foods said it was selling about 11 percent of the meat processor...
10 Aug 2010
Royal Bank of Canada, the country's largest, is trying to sell Liberty Life Insurance Co, the U.S. unit it acquired a decade ago for about $650 million, according to media reports...
10 Aug 2010
France's GDF Suez is set to take control of Britain's International Power, the companies said, creating the world's largest utility with annual revenue of 84 billion euros...
10 Aug 2010
Oil major Exxon Mobil is still working with Qatar Petroleum on a planned $6 billion petrochemicals complex, a spokesman for the U.S. firm said...
10 Aug 2010
Industrial and Commercial Bank of China Ltd, the world's most valuable bank, said it would pay shareholders of its Hong Kong arm a 27 percent premium to take it private...
10 Aug 2010
Investment in venture capital jumped 57 percent in Canada in the second quarter, the first substantial increase in funds allocated to the struggling sector in over two years...
10 Aug 2010
Emirates NDB PJSC Bank has sold an asset-backed securitization of United Arab Emirates auto loans worth 19 billion yen ($221 million), the first such deal from the Middle East and by the bank...
10 Aug 2010
Richmond Honan Medical Properties Inc filed with U.S. regulators to raise up to $257.6 million in an initial public offering of common stock...
10 Aug 2010
Clean energy project developer Camco International said it had bought a portfolio of carbon offsetting projects from U.S. developer Greenhouse Gas Services...
10 Aug 2010
Anglo Irish Bank won temporary clearance from European Union competition regulators for a capital injection of up to 10 billion euros (8.36 billion pounds) from the Irish government...
10 Aug 2010
U.S. hedge fund Harris Associates has upped its stake in JJB Sports to 17.9 percent, making it the largest shareholder in the struggling British sportswear retailer...
10 Aug 2010
Three groups including India's Mahindra have made binding offers to buy the troubled South Korean car maker Ssangyong Motor Co, Yonhap news agency reported...
10 Aug 2010
State-run Oil and Natural Gas Corp has proposed to Russian major Rosneft that the two jointly bid for strategic Trebs and Titov fields in the Arctic north, Vedomosti reported...
10 Aug 2010
Australia's conservative opposition pledged to scrap the Labor government's planned $38 billion high-speed broadband network in favour of a cheaper and smaller private scheme, if it is elected...
10 Aug 2010
A $7.1 billion bid for Red Back Mining, a Canadian-based company active in Africa, has a stable of other mid-tiered gold miners dreaming of similar takeover approaches from larger rivals...
10 Aug 2010
Wells Fargo & Co said new U.S. financial regulation to limit overdraft fees would reduce its fee revenue by about $500 million in the second half of this year...
9 Aug 2010
Private equity firm Kohlberg Kravis Roberts & Co said it has canceled plans to sell $500 million of new common units, less than one month after it listed on the New York Stock Exchange...
9 Aug 2010
Chinese carmaker Jianghuai Automobile Co said it plans to invest about 30 billion yuan ($4.4 billion) on production of new-energy cars through a partnership with a private equity firm...
9 Aug 2010
The hotel investment company said it plans to use net proceeds from the offering to repay existing debt, fund capital improvements at its hotels and for...
9 Aug 2010
Simon Property Group LP sold $900 million of notes, said IFR, a Thomson Reuters service...
9 Aug 2010
Swiss drugmaker Novartis received approval from European Union regulators to buy a stake in Alcon, making it easier for it to take full control of...
9 Aug 2010
BlackBerry maker Research In Motion is facing demands for access to its encrypted data in some of its fastest-growing markets…
9 Aug 2010
Skype S.A.R.L. filed with U.S. regulators to raise up to $100 million in an initial public offering of American Depositary Shares...
9 Aug 2010
Rupert Murdoch's News Corp said that it will sell control of its three Chinese TV channels to a fund backed by China's No.2 media company, in a pullback from the market after years of difficulty...
9 Aug 2010
Propane distributor Inergy LP agreed to buy its holding partner Inergy Holding LP in an all-stock deal worth about $2.07 billion...
9 Aug 2010
Power company Constellation Energy Inc said it agreed to buy five power plants in New England from struggling Boston Generating LLC for about $1.1 billion through a...
9 Aug 2010
U.S. and British regulators are investigating the timing of Goldman Sachs Group Inc's disclosure to them that the bank was the subject of a federal civil fraud probe...
9 Aug 2010
Nabors Industries Ltd, the world's largest land-rig contractor, agreed to buy oilfield services company Superior Well Services Inc for about $900 million in cash to...
9 Aug 2010
CVC Capital Partners is buying a majority stake in food and drink vending machine operator Autobar from its rival Charterhouse...
9 Aug 2010
Japan's Toshiba Corp and Tokyo Electric Power said they will sell back their convertible debentures in Uranium One for $265 million after the Canadian uranium producer agreed to a...
9 Aug 2010
AstraZeneca has agreed to pay $198 million (124 million pounds) to settle some 17,500 U.S. personal injury claims related to its schizophrenia and bipolar disorder drug Seroquel...
9 Aug 2010
Goldman Sachs Group Inc has informed the Financial Crisis Inquiry Commission that 25 percent to 35 percent of its revenue was derived from the derivatives businesses...
9 Aug 2010
Kuwait has no intention of stopping BlackBerry services for the time being but is talking to the device's manufacturer about moral and security concerns...
9 Aug 2010
Hedge fund investor William Ackman has bought a slice of debt on Stuyvesant Town/Peter Cooper Village and could become the next owner of the...
9 Aug 2010
Two foreign subsidiaries of Alliance One International Inc, a global tobacco leaf merchant based in North Carolina, have pleaded guilty today to transgressing the Foreign Corrupt Practices Act by...
8 Aug 2010
Australia's competition regulator agreed to consult the market on National Australia Bank's proposals to salvage its $12 billion takeover of AXA Asia Pacific, giving it a glimmer of hope the deal would eventually succeed...
8 Aug 2010
China bought a net 508.0 billion yen ($5.94 billion) in short-term Japanese bills in June, extending a record buying spree of Japanese debt seen since the start of the year...
8 Aug 2010
South American OPEC member Venezuela will begin a widely expected $3 billion new debt issue from Monday, Economy Minister Jorge Giordani said...
7 Aug 2010
The Saudi telecom regulator told the kingdom's telecom operators on Saturday to test a proposed fix to the perceived national security threat posed by certain services available on Research In Motion's BlackBerry smartphones...
6 Aug 2010
Google Inc bought social networking company Slide as the Internet search and advertising company bolsters its social networking capabilities to compete with Facebook...
6 Aug 2010
New York Attorney General Andrew Cuomo filed an antitrust case against Hitachi, Toshiba and other makers of LCD screens, claiming that they conspired to fix prices for a decade...
6 Aug 2010
British private equity group 3i is planning to sell two German companies for more than 1 billion euros ($1.32 billion)...
6 Aug 2010
Sprawling Anglo-South African financial conglomerate Old Mutual reported forecast-beating half year profit and said it had sold its U.S. life insurance business in a drive to simplify its structure...
6 Aug 2010
A European Union financial stability fund with the potential to raise up to 440 billion euros ($580 billion) to help EU countries weather debt problems is now fully operational...
6 Aug 2010
Threadneedle's UK smaller companies fund expects such firms to continue their outperformance over bigger rivals, driven in part by a rising tide of...
6 Aug 2010
Russian oil major LUKOIL is expected to sign a $1.5 billion loan to finance a $3.44 billion share repurchase from ConocoPhillips, banking sources told Reuters...
6 Aug 2010
The Financial Services Authority (FSA) has launched a probe into sales of a bond fund by Royal Bank of Scotland's private banking arm Coutts, which counts the Queen among its clients...
6 Aug 2010
The move suggested that AIG will soon learn the fate of the Nan Shan sale, after the U.S. firm and the group made concessions several times in their push to break a deadlock that has stalled it for nearly 10 months…
6 Aug 2010
Apple Inc is in takeover talks with Chinese software maker Handseeing, an executive of the Chinese company said...
5 Aug 2010
President Barack Obama's nomination of Elena Kagan to the Supreme Court won Senate approval, his second appointment to the court that decides abortion...
5 Aug 2010
Chevron Corp urged a federal appeals court not to force it into Ecuador's courts to defend a $27.4 billion lawsuit alleging its oilfields polluted the Amazon rainforest and sickened thousands of Ecuadorians...
5 Aug 2010
Baidu, China's biggest web search engine, is aiming to make more overseas investments in the near future, its chief executive said...
5 Aug 2010
Goldman Sachs Group Inc is planning to shift its principal strategies business into a fund that raises outside money, Bloomberg reported, citing a source with direct knowledge of the plan...
5 Aug 2010
Libya's sovereign wealth fund has taken a 2.075 percent stake in UniCredit SpA, joining the Central Bank of Libya as a top shareholder in Italy's biggest lender...
5 Aug 2010
General Motors Co has begun to work on the U.S. regulatory filing needed for an initial public offering but does not expect to have that ready in the next two weeks, Chief Executive Ed Whitacre said...
5 Aug 2010
China's largest offshore oil producer CNOOC Ltd might bid for BP's stake in Pan American Energy (PAE) if the British oil company sold it to raise money to cover its Gulf of Mexico oil spill costs...
5 Aug 2010
Acer Inc, the world's No.3 PC brand, said it aims to book revenue of $2.5 billion in China next year and expects to become Asia's No.2 PC brand, helped by a deal with China's Founder Technology Group Corp...
5 Aug 2010
Engineering and design firm Aecom Technology Corp said it will buy construction consultancy Davis Langdon -- the latest in its acquisition spree that has...
5 Aug 2010
Embratel, the Brazilian phone group controlled by billionaire Carlos Slim, offered to buy all the preferred stock it does not already own in pay-TV company Net Servicos...
5 Aug 2010
ANZ Banking Group Ltd sold $500 million of floating-rate notes in the 144a private placement market, said a source familiar with the deal...
5 Aug 2010
Two weeks after it emerged that French drugmaker Sanofi-Aventis had its eye on U.S. biotech Genzyme, staff and investors are still left guessing as the companies remain tight-lipped...
5 Aug 2010
A number of private equity firms are interested in taking a look at Barnes & Noble, with names including Bain Capital, Apollo, TPG Capital and others...
5 Aug 2010
Embratel Participacoes, the Brazilian phone group controlled by Mexico's America Movil, offered to buy all the preferred stock it doesn't already own in cable company Net Servicos...
5 Aug 2010
Singapore sovereign wealth fund GIC has added three banks as joint bookrunners for the upcoming IPO of its logistics unit that could raise as much as $3 billion, two sources familiar with the deal said...
5 Aug 2010
Kuwaiti telecom firm Zain said it received $295.4 million from India's Bharti Airtel, as part of the sale of its African assets...
5 Aug 2010
Barclays profit jumps on bad debt fall, credit gain...
5 Aug 2010
Wendy's, one of the world's largest fast food operators based in the United States, is planning to enter the Russian market in early 2011, the business daily Vedomosti reported...
5 Aug 2010
The makers of the BlackBerry smartphone held last-ditch talks with Saudi Arabia to avert a threatened cut-off of a key service, while India took a tough line with the Canadian company...
5 Aug 2010
Swiss investors unveiled Algeria's first Western-style shopping mall on Wednesday, a 70-million-euro project that marks the first major foray by foreigners into the energy exporters' untapped retail market...
4 Aug 2010
China's banking regulator has instructed lenders to test the impact of a fall in house prices of up to 50 percent in key cities where prices have risen sharply, banking and regulatory sources said on Thursday...
4 Aug 2010
U.S. fund manager Russell Investments said it is planning to put more money into the retail and office property sectors in Asia as the region leads the global economic recovery...
4 Aug 2010
FGIC Corp filed for bankruptcy protection, saying it was not paid dividends by its troubled bond insurance unit Financial Guaranty Insurance Company since the onset of the...
4 Aug 2010
U.S. securities regulators charged a former business director and third-party agent for Innospec Inc with bribing Iraqi officials in the United Nations' Oil for Food program...
4 Aug 2010
European Union antitrust regulators approved U.S. manufacturer Honeywell International Inc to buy French firm Sperian, saying the acquisition would not harm competition...
4 Aug 2010
Intel Corp has agreed to stop using threats and bundled prices to hamper competition, settling charges that it illegally abused its market dominance in microprocessors...
4 Aug 2010
Health insurer UnitedHealth Group Inc is buying a medical compliance company, Executive Health Resources, the companies said...
4 Aug 2010
A group led by Hall of Fame pitcher Nolan Ryan and Pittsburgh attorney Chuck Greenberg won a bankruptcy court auction for the Texas Rangers baseball team...
4 Aug 2010
Kuwait appointed Citigroup Inc., Ernst & Young and an aviation services firm to handle the privatisation of the Gulf state's national carrier...
4 Aug 2010
American authorities are investigating the U.S. division of global banking group HSBC over its compliance with anti-money laundering procedures, according to a regulatory filing...
4 Aug 2010
Regional airline SkyWest Inc said it agreed to acquire the shares of ExpressJet Holdings Inc it does not already own for about $133 million in cash in the...
4 Aug 2010
Google is set to allow advertisers in Europe to use rivals' trademarks when bidding for online ads in a move that will prevent big brand owners from controlling which ads appear during users' searches...
4 Aug 2010
Dubai International Capital the private equity arm of the Gulf Arab emirate, said it will focus on bringing German aluminium maker Almatis out of bankruptcy after...
4 Aug 2010
Spain's Santander has sealed the purchase of over 300 UK branches from Royal Bank of Scotland for 1.65 billion pounds and pumped billions of euros into its British arm ahead of an expected spin-off...
4 Aug 2010
Several coal and mining projects in Indonesia with a combined value of $14 billion may face delays as a forest moratorium could make it harder for them to obtain forestry land-use permits...
4 Aug 2010
Romania's international lenders extended a 20 billion euro bailout programme, reassuring investors spooked by the country's deep recession, though it may face tougher compliance hurdles in future...
4 Aug 2010
Ivanhoe Mines is having "interesting" talks with potential new strategic investors following a recent move to ease restrictions on its shareholder registry...
4 Aug 2010
Spain's Santander sealed the purchase of over 300 UK branches from Royal Bank of Scotland for about 1.65 billion pounds ($2.6 billion) to bulk up in one of its core markets...
4 Aug 2010
Cash-rich Asian businesses are expected to make more cross-border acquisitions in the next 18 months as they aim to expand in high-growth economies abroad, a survey released...
4 Aug 2010
Malaysian state investor Khazanah sold S$1.5 billion ($1.1 billion) in sukuk, Singapore's largest Islamic bond issue, which could help ignite interest in the city state's fledgling sukuk market...
4 Aug 2010
Saudi Arabia on Tuesday ordered at least one Research In Motion's BlackBerry smartphone service to be blocked as of Friday, becoming the latest government to threaten to curb the device on security grounds...
4 Aug 2010
Egypt could triple its trade with South American trade bloc Mercosur over the next few years as it pushes to secure food supplies...
4 Aug 2010
India's security establishment has taken a hard-line view on Research In Motion's stance that it does not possess a "master key" to intercept data traffic on BlackBerry and...
3 Aug 2010
POSCO, the world's No.3 steelmaker, said it has set up a steel joint venture in Indonesia with the country's top producer PT Krakatau Steel, as it seeks to raise overseas sales and...
3 Aug 2010
China Everbright Bank's IPO shares reserved for strategic investors have been hugely oversubscribed, signalling strong demand for the potentially $2.9 billion offering as stock markets recover...
3 Aug 2010
State-controlled Thai Airways International Pcl has proposed a 20 billion baht ($620 million) rights offering to pay off debt, but the Finance Ministry will decide the final amount...
3 Aug 2010
Barnes & Noble, the number one U.S. book store chain, is putting itself up for sale as business suffers in the high-stakes battle for a leading role in the digital books market...
3 Aug 2010
Bank of America Corp directors lowered the number of votes required to trigger a special shareholder meeting, according to a Tuesday securities filing...
3 Aug 2010
General Growth Properties Inc said it had amended its reorganization plan to increase its capital structure flexibility and improve investment terms, and that it remained on...
3 Aug 2010
A 1,000-page examiner report into the bankruptcy of Tribune Co was unsealed on Tuesday, likely bolstering the legal case of junior creditors who are...
3 Aug 2010
Car rental company Dollar Thrifty Corp rebuffed a takeover bid from Avis Budget Group that trumps one it has already agreed to with rival Hertz Global Holdings Inc...
3 Aug 2010
The Federal Deposit Insurance Corp is seeking proposals from Wall Street dealers to help issue commercial mortgage-backed securities with loans saddling failed bank balance sheets...
3 Aug 2010
Donald Trump and the promoters of his Trump SoHo hotel-condominium were sued by buyers who accused them of fraudulently touting out-sized sales figures to encourage them to buy units and...
3 Aug 2010
Gildan Activewear said it had settled a securities class action lawsuit filed in 2008 relating to the clothing maker's earnings guidance in April that year...
3 Aug 2010
Troubled Mexicana de Aviacion has filed for creditor protection in Mexico and the United States after management and employees failed to agree on wage and staff cuts to keep the debt-ridden airline flying...
3 Aug 2010
BP said it had agreed to sell its Colombian oil unit to a consortium of Canada's Talisman Energy and Ecopetrol, Colombia's national oil company, for $1.9 billion...
3 Aug 2010
The head of Japan's Asahi Breweries said he expects to have $9.2 billion on tap for acquisitions over the next five years as it looks for new growth drivers outside the shrinking domestic beer market...
3 Aug 2010
South Korea's Hanwha Chemical will acquire a 49.99 percent stake in Chinese photovoltaic cell maker Solarfun Power Holdings Co for 434 billion won...
3 Aug 2010
Federal Reserve officials will consider a modest but symbolically important change in the management of its massive securities portfolio when they meet next week...
3 Aug 2010
Sanofi-Aventis sent a takeover proposal valued at about $18.4 billion, or $69 per share, to biotechnology company Genzyme Corp and the two sides are discussing the offer...
3 Aug 2010
The Washington Post Co will sell Newsweek to 91-year-old audio equipment magnate Sidney Harman, who promised to retain most of the U.S. weekly's 350 employees and give it a couple of years to reverse losses...
3 Aug 2010
Northern Rock's "bad bank" returns to profit in first-half...
3 Aug 2010
Australia's Linc Energy has agreed to sell its Galilee coal tenement to Adani Enterprises in a cash and royalty deal worth A$3 billion, Linc's chief executive told Reuters...
3 Aug 2010
Indonesia's state enterprises minister said that China Investment Corp (CIC) had said it was interested in investing up to $25 billion in Indonesia...
3 Aug 2010
Sanctions against Iran have done nothing to dent a boom in its stock market, as investors bet on a continued rise in company stocks which have been undervalued for years...
3 Aug 2010
Orascom Telecom's Algerian unit has been blocked from importing new mobile phone equipment due to an ongoing dispute with the Algerian government...
3 Aug 2010
Proceeds from initial public offerings in July soared on a global basis, hitting their highest level since before the 2008 financial meltdown, according to Thomson Reuters data...
3 Aug 2010
Kuwaiti telecom Zain could be nearing the end of a year-long stake sale saga, with Abu Dhabi-listed Emirates Telecommunications thought to be running the rule over its regional rival...
3 Aug 2010
The Iraqi Oil Ministry expects strong demand at an auction for three gas fields it plans to develop, a senior oil official said, despite the lack of a new government nearly five months after an election...
3 Aug 2010
Research in Motion has agreed to allow Indian security agencies to monitor its BlackBerry services, The Economic Times newspaper reported, after pressure from governments worried about national security...
3 Aug 2010
RBS agrees settlement with Financial Services Authority in relation to breaches of the Money Laundering Regulations 2007...
3 Aug 2010
Kuwait's sovereign wealth fund and BP Plc denied a local newspaper report that the embattled oil giant had asked the fund to raise its stake in the company to 3 percent...
2 Aug 2010
Taiwan's Hon Hai Precision Industry Co Ltd, also known as Foxconn Technology Group, opened a new $100 million production factory in the central Chinese province of Henan, as the group began to...
2 Aug 2010
Medium-sized Chinese brokerage GF Securities said it planned to raise up to 18 billion yuan ($2.65 billion) in a private share placement to help it...
2 Aug 2010
Gold miner Kinross Gold Corp said it will buy the 91 percent of Red Back Mining Inc that it does not already own for around $7 billion to create one of the world's largest gold miners...
2 Aug 2010
What does it take to make it as a technology entrepreneur...
2 Aug 2010
U.S. securities regulators are investigating whether people may have illegally profited from trading on nonpublic information at BP Plc in the weeks and months following...
2 Aug 2010
HSBC's North American chief executive expects the new U.S. financial reform law to cost it at least $110 million in annual revenue...
2 Aug 2010
Connecticut Attorney General Richard Blumenthal is investigating deals struck by Amazon.com Inc and Apple Inc to offer low prices on electronic books...
2 Aug 2010
Telecom Corp of New Zealand said it has put a plan to the government to build a national broadband network which involves splitting the company in two...
2 Aug 2010
UBS AG said it plans to hire executives from Goldman Sachs Group Inc and Bank of America Corp to build its mortgages and lending business in the U.S...
2 Aug 2010
A U.S. judge refused to dismiss the state of Virginia's challenge to President Barack Obama's landmark healthcare law, a setback that will force his administration...
2 Aug 2010
Local Gulf investment banks and brokers are being forced to seek new business areas to replace traditional sources of income hit by the downturn and as global heavyweights muscle in...
2 Aug 2010
MetLife Inc lowered its estimate of how much of a boost it will get from acquiring Alico, the foreign life insurance business of AIG, and announced fund-raising plans to help pay for the deal...
2 Aug 2010
China's Geely completed its purchase of Ford Motor Co's Volvo unit, marking China's biggest acquisition of a foreign car maker...
2 Aug 2010
A U.S. arms control official urged China, which has always promoted dialogue with Iran over its nuclear program, to observe sanctions against Tehran aimed at forcing it to...
2 Aug 2010
British Land and joint venture partner Blackstone confirmed plans to develop a new 700,000 square foot UK headquarters for UBS at the Broadgate Estate in the City of London...
2 Aug 2010
Goldman Sachs said that it believed its trades with the bailed out insurer AIG during the financial crisis were accurate and its collateral calls made to AIG...
2 Aug 2010
China's Geely set to close Volvo buy...
2 Aug 2010
Saudi Arabia's telecoms regulator has ordered local operators to freeze the Messenger function for BlackBerry users this month...
1 Aug 2010
Flag carrier Thai Airways International Pcl and Singapore's Tiger Airways Holdings Ltd confirmed they planned to form a new low-fare airline...
1 Aug 2010
Sri Lanka said it would invite outside investors into its $1.5 billion Hambantota port project, the keystone of a $6 billion post-war infrastructure revitalisation drive...
1 Aug 2010
The United Arab Emirates will suspend use of Blackberry services in October, citing concerns about security risks...
1 Aug 2010
Abu Dhabi Commercial Bank said it had 6.6 billion dirhams ($1.8 billion) worth of exposure to indebted state conglomerate Dubai World and posted a second-quarter loss...
1 Aug 2010
France Telecom's Orange mobile carrier is in talks with the owners of Morocco's second-biggest telecoms firm Meditel to acquire a 40 percent share in the Moroccan company...