NEWS
December 2009
31 Dec 2009
City National Corp said it repurchased $200 million of the preferred shares it sold to the U.S. Treasury under the Troubled Asset Relief program, joining a slew of lenders attempting to come out of restrictions...
31 Dec 2009
U.S. trucking giant YRC Worldwide said on Thursday it averted bankruptcy by successfully negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and gives the...
31 Dec 2009
Prudential Financial Inc said on Thursday it completed the planned sale of its minority stake in a retail brokerage to Wells Fargo & Co for $4.5 billion in cash…
31 Dec 2009
Icahn Enterprise, a company controlled by financier Carl Icahn, said on Wednesday it was selling $2 billion in debt and was in talks to acquire a controlling stake in…
31 Dec 2009
U.S. health officials released standards for electronic medical records on Wednesday, seeking to spur the technology in hopes of cutting health costs and reducing medical errors…
31 Dec 2009
UC RUSAL plans to raise up to $2.6 billion in a landmark Hong Kong IPO next month and is betting on aluminium price growth to repay nearly $15 billion in debt and restore profits after…
31 Dec 2009
The U.S. is injecting another $3.8 billion into GMAC Financial Services to help cover mortgage losses, in a bailout that makes the government the majority owner of the…
31 Dec 2009
A U.S. trade court has agreed to investigate allegations by Samsung that Japan's Sharp has infringed its patents to make liquid crystal displays, such as those used in many televisions…
31 Dec 2009
Swiss commodities trader Glencore has taken a majority stake in Swiss-German company Biopetrol Industries AG, which underwent financial restructuring earlier this year…
30 Dec 2009
Saudi Arabia has quit a long-held lease for 5 million barrels of Caribbean oil storage near the key U.S. market and state giant PetroChina is poised to move in, industry sources say, a potentially major shift in....
30 Dec 2009
Britain's Takeover Panel granted confectionery maker Cadbury three extra days to publish 2009 results that could become a key plank in its defence against Kraft Food's hostile $10 billion bid…
30 Dec 2009
Dubai's ruler has set up a panel to protect creditors of troubled mortgage lenders Amlak and Tamweel, whose long-planned merger is slated to occur in early 2010...
30 Dec 2009
U.S. antitrust regulators approved Australian packaging group Amcor's purchase of mining company Rio Tinto's Alcan packaging unit, the Federal Trade Commission said …
30 Dec 2009
Canadian gold producer Goldcorp Inc raised its bid for junior miner Canplats Resources Corp for the second time in a week on Tuesday, matching an increased offer from…
30 Dec 2009
The administrator for Lehman Brothers International said on Tuesday that nearly all clients whose assets have been frozen since the investment bank's collapse support a plan to…
30 Dec 2009
The Harbinger Capital Partners hedge fund has failed to win dismissal of a lawsuit accusing it of receiving accurate tips about a rival bid for an appliance company it…
30 Dec 2009
GMAC Financial Services is close to getting about $3.5 billion in added aid from the U.S. government, on top of the $12.5 billion already received since December 2008…
30 Dec 2009
China will make it easier for foreign investors to start businesses in the country, especially in its western provinces, the government said...
30 Dec 2009
The administrator for Lehman Brothers International said on Tuesday that nearly all clients whose assets have been frozen since the investment bank's collapse support a…
29 Dec 2009
Morgan Stanley has been sued by a Virgin Islands pension fund that accused the Wall Street bank of defrauding investors by marketing $1.2 billion of risky mortgage-related notes that it expected to fail…
29 Dec 2009
Sumitomo Chemical Corp agreed to buy a $590 million stake in Australian farm chemicals maker Nufarm Ltd on Tuesday, in a surprise deal that knocked out a rival bid from China's Sinochem...
29 Dec 2009
Two companies filed for initial public offerings on Monday, betting that investors would see opportunity in the battered financial sector and the nascent green technology industry…
29 Dec 2009
Sterling Bancshares Inc will not buy deposits and bank branches from First Banks Inc due to a longer-than-expected regulatory approval process…
29 Dec 2009
Morgan Stanley is setting up a committee to help oversee the bank's risk management, the company said…
29 Dec 2009
The Obama administration is poised to announce loan guarantees to help kick-start the country's nuclear power industry, which hasn't built a new plant in more than three decades...
29 Dec 2009
Fairchild Semiconductor International Inc said it reached a patent settlement deal with Infineon Technologies and that it entered into a cross-license deal with the company…
29 Dec 2009
Wall Street's efforts to quell public outrage over its pay practices could in fact be setting up its top executives, bankers, and traders for even bigger payouts down the road, which in turn could reignite the outcry…
29 Dec 2009
CNR Corp, one of China's top two train makers, limped in with a lukewarm market debut after its $2 billion IPO in Shanghai, signaling investors' intolerance for high valuations as…
28 Dec 2009
Tower Bancorp Inc agreed to buy First Chester County Corp for about $65 million, or $10.22 per share, in an all-stock deal to expand into southeastern Pennsylvania…
28 Dec 2009
Greek media group Antenna said on Monday it agreed to buy the 49 percent stake that News Corp owns in private Serbian television operator Fox Televizija…
28 Dec 2009
French call-centre operator Teleperformance, under pressure from losses in its core domestic market, said on Monday it was buying Teledatos, a Colombian group with expected 2009 revenues of $75 million…
28 Dec 2009
U.S. chicken producer Pilgrim's Pride Corp said on Monday it has emerged from bankruptcy protection, just over a year after beginning the process...
28 Dec 2009
A new Chinese law requires power grid operators to buy all the electricity produced by renewable energy generators, in a move that will increase the proportion of energy that comes from…
28 Dec 2009
A group of financiers is trying to put a U.S. mattress maker now under bankruptcy court protection into play by encouraging Chinese bidders to top an already arranged offer for Simmons Bedding Co…
28 Dec 2009
The private equity arm of Standard Chartered closed a deal to invest $22.3 million in Sangle Solar Energy Co Ltd, a Chinese maker of branded solar water heater…
28 Dec 2009
Healthcare companies are lining up to go public, and they could get a warmer reception in 2010 as investors' risk appetite increases, and new legislation potentially leads to more profit for the sector...
28 Dec 2009
Amicas Inc, a provider of healthcare IT services, said it agreed to be bought by an affiliate of private firm Thoma Bravo LLC for $217 million in an all-cash deal...
28 Dec 2009
General Motors Co is pressing ahead with plans to shut down Saab as chances of a deal to sell the Swedish brand to Dutch sports car builder Spyker Cars remain remote…
28 Dec 2009
An Abu Dhabi sovereign wealth fund is planning a joint bid for EDF's <EDF.PA> electricity distribution network in the UK…
28 Dec 2009
German drugs-to-chemical hybrid Merck has mulled acquisitions in both the pharmaceutical and chemical industries and has sufficient funds for big targets…
28 Dec 2009
Switzerland's competition watchdog will examine closely the planned merger between France Telecom's Orange and Danish-owned Sunrise to ensure the grouping does not dominate the Swiss mobile market...
28 Dec 2009
Senior bondholders who drafted the reorganization plan for bankrupt Six Flags should reveal their investments to determine if they fairly represented themselves to the theme park company…
24 Dec 2009
Citibank has sold its stake in the tower arm of India's largest mobile firm, Bharti Airtel, to JPMorgan for $50 million, the Economic Times reported on Thursday citing two people aware of the development...
24 Dec 2009
Aberdeen Asset Management is interested in buying the funds arm of Royal Bank of Scotland , two sources familiar with the situation said, as the bank offloads a raft of assets after a government-backed bailout...
24 Dec 2009
Glencore, the secretive Swiss commodities trader, took a step towards a public listing valuing it at more than $35 billion (21.9 billion pounds), as investors bought bonds that could give them a near 6 percent stake...
24 Dec 2009
The top U.S. housing regulator said on Thursday it approved 2009 pay packages of up to $6 million each for the chief executives of government-controlled mortgage giants Fannie Mae and Freddie Mac...
24 Dec 2009
Ford Motor Co said on Wednesday it is nearing an agreement to sell its Volvo Swedish cars unit to China's Geely in a deal that underscores China's arrival as a major force in the global auto industry...
24 Dec 2009
Canadian fertilizer maker Agrium, which is attempting a hostile takeover of U.S. rival CF Industries, has won U.S. antitrust approval of the proposed deal after agreeing to sell two storage facilities…
24 Dec 2009
The U.S. housing regulator has approved pay packages for the chief executives of mortgage finance companies Fannie Mae and Freddie Mac in the range of $4 million to $6 million…
24 Dec 2009
The Obama administration's pay czar on Wednesday approved 2010 executive pay packages at bailed out companies, exceeding government-imposed limits in the case of General Motors…
24 Dec 2009
U.S. regulators and legislators are investigating whether Wall Street investment banks deliberately sold risky structured securities to clients, and then bet on the securities failing…
24 Dec 2009
Green Mountain Coffee Roasters Inc voluntarily withdrew its filing with the antitrust division of the Federal Trade Commission regarding its purchase of Diedrich Coffee Inc after consultation with the regulator…
24 Dec 2009
The Treasury Department will ask Congress to ease restrictions on the use of bank bailout funds so it can use some of the money to encourage more lending to small businesses…
24 Dec 2009
Billionaire investor Warren Buffett is in talks to buy the troubled residential mortgage company Residential Capital, a unit of GMAC…
24 Dec 2009
Spain's Gas Natural SDG SA sold electricity generation assets in Mexico to Japan's Mitsui & Co Ltd and Tokyo Gas Co Ltd for $1.2 billion, completing an ambitious asset disposal plan to reduce debt...
24 Dec 2009
The U.S. Senate approved President Barack Obama's landmark healthcare overhaul on Thursday, backing sweeping changes in the medical insurance market and…
23 Dec 2009
Sanofi-Aventis could buy a 19.9 percent stake in Danish biotech Zealand Pharma for up to 100 million euros ($143 million), a paper said on Wednesday, as the drugmaker aims to make diabetes one...
23 Dec 2009
Ford Motor and Zhejiang Geely have addressed most of the big issues in the pending sale of Ford's Volvo car unit to the Chinese automaker…
23 Dec 2009
Bankrupt U.S. yellow-pages publisher Idearc Inc said on Tuesday that a U.S. judge has formally approved its reorganization plan, allowing the company to emerge from bankruptcy by the end of the year...
23 Dec 2009
Clear Channel Communications recent refinancing of an intercompany loan has removed concerns about its short-term liquidity, though the company will remain challenged to meet its…
23 Dec 2009
Dutch brewer Heineken NV has bought up all remaining debt of pub operator Globe Group at a discount, booking a one-off gain in the process...
23 Dec 2009
The European Central Bank on Wednesday took steps to revive securitization as a funding option for banks with a plan to make asset-backed securities more transparent…
23 Dec 2009
U.S. bookseller Barnes & Noble Inc said on Wednesday that all customers who preordered its Nook electronic reader and were given an approximate date of delivery before Christmas are set to…
23 Dec 2009
Cost control is likely to remain the mantra of European companies next year, as the strength of economic recovery is tested by governments withdrawing stimulus measures to repair national balance sheets…
23 Dec 2009
Brompton Funds Management is creating a new fund to take advantage of tax changes scheduled for the once-popular income trust sector, and targets a C$100 million…
22 Dec 2009
State Street Corp, one of the world's largest money managers for institutions, is buying the securities services arm of Italy's biggest retail bank to help expand its footprint abroad…
22 Dec 2009
Danish shipping and oil group A.P. Moller-Maersk said on Tuesday it had agreed to buy Devon Energy Corp's interests in the Cascade, Jack and St. Malo oil fields in the Gulf of Mexico...
22 Dec 2009
ING priced a rights issue intended to raise 7.5 billion euros ($11.2 billion) at a steep discount, hoping to reduce its dependence on state aid by tapping shareholders made warier by Dubai's debt crisis…
22 Dec 2009
Britain's Lloyds TSB Bank Plc reached a $217 million settlement of charges it violated U.S. sanctions regulations…
22 Dec 2009
The proposed merger of two live music giants, Live Nation Inc and Ticketmaster Inc, was given a huge boost on Tuesday when a British regulatory body dropped its objections...
22 Dec 2009
Smile Brands Group Inc filed for an initial public offering worth up to $143.75 million...
22 Dec 2009
Spyker Cars pressed ahead with efforts to cut a deal for Saab with General Motors, with talk of possible backing from a Dutch billionaire fanning the Swedish carmaker's faint hopes of an eleventh-hour reprieve…
22 Dec 2009
The chief financial officer of CIT Group Inc is retiring, adding another executive search for a board that is already looking for a chief executive officer…
22 Dec 2009
TLC Vision Corp, an eye care services company, sought bankruptcy protection on Monday, saying it had a pre-arranged reorganization plan and a deal to sell six of its centers in Canada...
22 Dec 2009
Australian miner Macarthur Coal offered to buy local rival Gloucester Coal in an all-share deal worth $591.3 million, creating Australia's biggest independent coal miner at a time of strong Asian demand…
22 Dec 2009
Canada Pension Plan Investment Board, which bought a troubled Scottish shopping mall on Monday, said more high-quality real estate would likely come available in…
22 Dec 2009
American Airlines, a unit of AMR Corp, and British Airways PLC should agree to concessions to secure approval of a bid to deepen their transatlantic alliance…
21 Dec 2009
California solar company Solyndra Inc filed for an initial public offering worth up to $300 million on Friday. Solyndra makes thin film solar panels, which are generally cheaper to make than traditional silicon-based panels…
21 Dec 2009
Halvern Realty filed for an initial public offering on Friday to raise $400 million through sales of common shares to fund its purchase of distressed office properties, a securities filing showed...
21 Dec 2009
State-run Saudi Arabian Mining Co (Maaden) and U.S. aluminum giant Alcoa agreed on Sunday to build a $10.8 billion aluminum complex in the world's top oil exporter, targeting the Middle East from 2013...
21 Dec 2009
Sanofi-Aventis is to buy U.S. consumer healthcare group Chattem Inc for around $1.9 billion, in a deal which will give the French drugmaker over-the-counter presence in the United States…
21 Dec 2009
Terex Corp, the world's No. 3 maker of heavy earth-moving equipment, is to sell its mining business for $1.3 billion cash to mining equipment maker Bucyrus International Inc...
21 Dec 2009
Citadel Broadcasting Corp, the third-largest U.S. radio broadcaster, said on Sunday it filed for the bankruptcy protection, as the radio industry continues to be hard hit by depressed advertising revenue…
21 Dec 2009
The London Stock Exchange bought a majority stake in platform rival Turquoise, giving its owners a well-timed exit, aligning its interests with those of big clients and…
18 Dec 2009
Chemicals company Huntsman Corp gained approval from European Union competition regulators on Friday for its takeover of some assets of bankrupt rival Tronox to boost its pigments business…
18 Dec 2009
A dizzying recovery in financial markets this year has upended the usual pecking order for fee-making in investment banking and turned the bonuses flowing from those fees into political dynamite…
18 Dec 2009
Activist investor Carl Icahn reported an 11.3 percent stake in U.S. video game publisher Take Two Interactive Software Inc, sending its shares up 3.5 percent...
18 Dec 2009
General Motors will wind down operations at its loss-making Swedish unit Saab after an attempt to sell it to small Dutch luxury carmaker Spyker Cars failed...
18 Dec 2009
A Paris court on Friday found U.S. Internet giant Google guilty of violating copyright by digitizing books and putting extracts online, following a legal challenge by major French publishers…
18 Dec 2009
Brazilian steelmaker Companhia Siderurgica Nacional (CSN) has made a 3.86 billion euros ($5.56 billion) offer for Portuguese cement producer Cimpor, looking to move into new markets…
18 Dec 2009
Visteon Corp, a bankrupt maker of auto parts, on Thursday, filed a reorganisation plan under which secured term loan lenders would end up with 96.2 percent of the shares in the new company…
18 Dec 2009
Korea Life Insurance Co Ltd, the second-biggest life insurer in South Korea, has submitted an application for an initial public offering worth about $2 billion…
18 Dec 2009
First-round bids for Metro-Goldwyn-Mayer will come in later than initially expected because negotiations over confidentiality agreements have slowed down the sale process…
18 Dec 2009
Independent News & Media confirmed on Friday that it is in exclusive talks with Russian billionaire Alexander Lebedev over the future ownership of its two loss-making British national newspapers...
18 Dec 2009
Toromont Industries Ltd said it reached an agreement to acquire Enerflex Systems Income Fund after raising its earlier bid by more than 5 percent, ending a month-long hostile takeover for the supplier…
18 Dec 2009
After 2009, expect U.S. bankruptcies to be quicker, cleaner and smaller...
18 Dec 2009
A Paris court on Friday found U.S. Internet giant Google guilty of violating copyright by digitising books and putting extracts online, following a legal challenge by major French publishers…
18 Dec 2009
Buyouts are finally returning for the deal-hungry private equity industry, which is looking at 2010 to deploy huge cash reserves into deals that buyers hope could get back up to double-digit billions…
17 Dec 2009
Russia's UC RUSAL, the world's biggest aluminum maker, may not be able to sell IPO shares to retail investors even if it wins approval for its increasingly troubled $2 billion Hong Kong initial public offering…
17 Dec 2009
Barclays Capital, one of the banks providing $9.2 billion of loans to help fund Kraft Foods Inc's hostile bid for Britain's Cadbury Plc, has won a bigger role as one of Kraft's financial advisers…
17 Dec 2009
National Beef Inc has postponed its initial public offering indefinitely for undisclosed reasons, one of the deal's underwriters said...
17 Dec 2009
Mall owner General Growth Properties Inc, which is seeking to surface from bankruptcy protection next year, said on Thursday it was working to restructure the last $3 billion of its $14.9 billion of property-related debt…
17 Dec 2009
Lack of transparency over Chinese government policy is the biggest concern for foreign investors looking to set up yuan funds there, a survey released on Thursday showed…
17 Dec 2009
U.S. and Manhattan prosecutors detailed on Wednesday a "decades-long scheme" by Credit Suisse to hide thousands of transactions on behalf of clients in Iran, Sudan, Libya and other nations…
17 Dec 2009
U.S. companies will have to disclose their compensation practices for all employees and their board members' qualifications under rules adopted by the Securities and Exchange Commission…
17 Dec 2009
Private equity firm Apollo Management on Wednesday said it has agreed to buy Ohio theme-park company Cedar Fair for $635 million…
17 Dec 2009
Private-equity investor Bridgepoint Capital Ltd has upped its offer for Care UK, valuing the health and social care provider at between 275 million and 300 million pounds ($491 million), the Financial Times reported…
17 Dec 2009
The U.S. Treasury delayed a plan to sell its $5 billion of Citigroup Inc shares after a stock offering by the bank attracted weak demand and priced at a much lower-than-expected $3.15 a share…
17 Dec 2009
National Australia Bank made a surprise trump bid for AXA Asia Pacific Holdings' Australian and New Zealand units on Thursday, in a cash deal that would value all of the target firm at around $12 billion…
17 Dec 2009
Some British Airways staff who voted in favour of a strike did not expect it to be as drastic as the currently planned 12 days over the Christmas period…
17 Dec 2009
A U.S. court of appeals has stayed a bankruptcy court's decision that approved television station owner ION Media Networks Inc's reorganization plan…
16 Dec 2009
Essilor, the largest maker of corrective eye lenses, is to buy U.S. group FGX International in a $565 million deal, to boost its presence in the growing market for non-prescription reading glasses…
16 Dec 2009
Wells Fargo & Co will buy Prudential Financial Inc's minority stake in retail brokerage joint venture Wells Fargo Advisors for $4.5 billion, the companies said...
16 Dec 2009
Abu Dhabi Investment Authority, embroiled in a dispute with Citigroup (C.N) over a $7.5 billion investment, maintains its policy to pursue its "legal rights fully"…
16 Dec 2009
The U.S. government filed suit against Intel Corp on Wednesday, accusing the chip giant of illegally using its market dominance to stifle competition for a decade…
16 Dec 2009
Australia's tax office proposed tough rules on Wednesday for taxing gains on private equity investments, sparking a call from the industry for the government to step in to clarify tax policy...
16 Dec 2009
British confectioner Cadbury said on Wednesday it had insured 500 million pounds ($813 million) of pension liabilities in a deal allowing it to keep control of the scheme's assets…
16 Dec 2009
Bankrupt holding company Washington Mutual Inc asked a federal court to compel the Federal Reserve, Treasury and more than a dozen others to turn over documents relating to its collapse in 2008…
16 Dec 2009
Saudi Hollandi Bank 1040.SE plans to issue Islamic bonds in a deal "not much" larger than last year's issue of 775 million riyals ($207 million)…
16 Dec 2009
The U.S. government "quietly" agreed not to collect billions of dollars in potential taxes from Citigroup Inc as part of its deal to allow the bank to repay its taxpayer bailout…
16 Dec 2009
CME Group Inc began clearing U.S.-based credit derivatives on Tuesday, aiming to capitalize on a government push to safeguard a private market blamed for exacerbating the financial crisis…
16 Dec 2009
Abu Dhabi's $10 billion financial aid to fellow United Arab Emirates member Dubai to meet debt obligations was in the form of bonds, on similar terms to a $10 billion bond issue to the…
15 Dec 2009
The following statement was issued by the government of Dubai-Statmeent from HH Skeikh Ahmad Bin Saeed al Maktoum, Chairman of the Dubai Supreme Fiscal Committee…
15 Dec 2009
Goldman Sachs Group Inc is being sued by an institutional investor who claims the firm is preparing to pay out improper bonuses…
15 Dec 2009
British Airways is taking legal action to halt a 12-day strike planned by cabin crew over Christmas, alleging balloting irregularities…
15 Dec 2009
U.S. computer maker Sun Microsystems Inc said on Tuesday it won intellectual property cases in both the United States and Britain…
15 Dec 2009
Creditors of bankrupt Philadelphia Newspapers LLC should not be allowed to use their secured debt in a bid for the company because that would discourage cash bidders…
15 Dec 2009
General Motors Co Chairman and acting Chief Executive Ed Whitacre said on Tuesday luxury car maker Spyker is the only remaining party with which GM is negotiating for the sale of its Saab brand…
15 Dec 2009
Bankrupt oil and gas producer Edge Petroleum Corp said Mariner Energy Inc had emerged as the successful bidder for all its assets with an offer of $260 million at a court-supervised auction…
15 Dec 2009
The Abu Dhabi Investment Authority, one of the emirate's sovereign wealth funds, has bought 10.9 percent of Hyatt Hotel's class A shares, according to U.S. regulatory filings...
15 Dec 2009
Wells Fargo & Co said on Monday it will repay the entire $25 billion it received from the government under the Troubled Asset Relief Program, after selling $10.4 billion of common shares…
15 Dec 2009
Repayment of a $4.1 billion Islamic bond issued by troubled Dubai developer Nakheel is on the way with the funds distributed to the clearing system after being sent to the principal paying agent…
15 Dec 2009
Refrigerated warehouse company Americold Realty Trust filed for an initial public offering worth $690 million on Monday...
15 Dec 2009
Investors in Royal Bank of Scotland Group Plc are set to back its decision to sign up to a state scheme for bad debts but will grill executives on its restrictive terms, including a government veto on pay...
15 Dec 2009
Saks Inc said on Monday it was ending changes it made to its shareholders rights plan last year when it sought to prevent a potential hostile takeover by Mexican billionaire investor Carlos Slim Helu…
15 Dec 2009
A consortium drilling for natural gas off Israel's Mediterranean coast said it signed a letter of intent to supply Dalia Power Energies Ltd with...
15 Dec 2009
The energy, finance, technology and healthcare industries are expected to be the hottest areas in a dealmaking market that in 2010 is likely to expand gradually from this year's depressed levels…
15 Dec 2009
Weyerhaeuser Co said on Tuesday it would convert into a real estate investment trust and pay a special dividend, bowing to pressure from shareholders who have been seeking the new financial structure for years…
14 Dec 2009
Private equity firm Terra Firma sued Citigroup Inc, accusing the bank of fraud in connection with Terra Firma's purchase of music business EMI Group in 2007…
14 Dec 2009
Exxon Mobil Corp will buy XTO Energy Inc in an all-stock transaction valued at about $30 billion, excluding debt, in a bid that thrusts the oil giant to the forefront of North America's fast-growing natural gas industry…
14 Dec 2009
Lloyds Banking Group said on Monday take-up for its record 13.5 billion-pound ($21.9 billion) rights issue totaled over 95 percent, drawing a line under a turbulent few months for Britain's largest retail lender…
14 Dec 2009
Payment-In-Kind (PIK) notes are back, but rather than being used to load firms up with too much debt as in the leveraged buyout boom, they are now a fresh source of capital for riskier European companies…
14 Dec 2009
Citigroup said on Monday that it had reached a deal with U.S. regulators to repay $20 billion of shares held by the government by issuing $17 billion of stock and allowing it to exit the TARP program in 2010…
14 Dec 2009
Abu Dhabi provided its flashy but debt-laden neighbor Dubai a $10 billion lifeline to last its troubled flagship company until the end of April, heading off a bond default on payment day…
11 Dec 2009
In the IPO boom that has swept through Asia this year, the Hong Kong Stock Exchange emerged as the world's top producer of new, publicly traded companies...
11 Dec 2009
Chinese thin film solar company Trony Solar Holdings Co Ltd has postponed its initial public offering indefinitely due to weak market conditions…
11 Dec 2009
Pimco, the investment management company that made its name investing in bonds, has made huge gains in expanding its advisory business on complex investments, with that business now topping $1 trillion in assets…
11 Dec 2009
BTG Pactual, the securities firm led by Andre Esteves, is set to launch a private equity-backed Brazilian infrastructure fund, to take advantage of massive road, port and dam projects…
11 Dec 2009
Swedish private equity firm EQT and the Singapore government are buying Springer Science and Business Media, allowing an exit for the two UK buyout firms that have owned the debt-laden business since 2003...
10 Dec 2009
U.S. securities regulators are investigating at least nine mergers, including Pfizer Inc's takeover of Wyeth and Merck & Co Inc's acquisition of Schering-Plough Corp, for possible insider-trading violations…
10 Dec 2009
The allure of raising a Chinese currency fund is strong for private equity firms. But setting up a yuan fund risks alienating private equity's most prized stakeholders: U.S., European, and Middle Eastern pension funds…
10 Dec 2009
Barclays Capital fought back on Wednesday against claims by Lehman Brothers Holdings Inc that it got too good a deal when it bought Lehman's core U.S. brokerage last year...
10 Dec 2009
The Future Fund, Australia's sovereign wealth fund, is holding talks with two Canadian pension funds to join their $4.4 billion bid to buy out Australian toll road operator, Transurban Group Ltd…
10 Dec 2009
Bank of America Corp fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis…
10 Dec 2009
A U.S. appeals court on Wednesday suspended a lower court order that transferred ownership of the Bratz doll franchise to Mattel Inc until it rules in the case, and ordered Mattel and rival toymaker…
10 Dec 2009
The Canadian government could crack down on executive bonuses if banks ignore new global rules on the matter, the finance minister said on Thursday, but rejected calls by Britain and France to tax big bonuses…
10 Dec 2009
Royal Bank of Canada said on Thursday it may sell up to $8 billion of debt in a move that makes the already well-capitalized bank even better prepared if it should decide to make a major acquisition…
10 Dec 2009
Dubai's Emaar Properties on Wednesday said it would not merge with Dubai Holding's property units, a move analysts said protected the developer from Dubai Holdings' vulnerable debt position…
9 Dec 2009
General Growth Properties’ recent agreements with lenders holding a majority of its property debt are expected to cost the bankrupt mall owner $423.2 million…
9 Dec 2009
Simon Property Group Inc, the largest U.S. mall owner, struck a deal to buy Prime Outlets Acquisition Co for more than $700 million, adding 22 outlet centers to its stable of high-end centers...
9 Dec 2009
Top cellphone maker Nokia Oyj said on Wednesday it would establish a joint venture with Chinese investment firm New Alliance in a bid to bolster its mobile services in the Chinese mobile and Internet market...
9 Dec 2009
The U.S. Treasury Department has halted trading in a fund established by TCW Group after the money manager dismissed its chief investment officer, Jeffrey Gundlach…
9 Dec 2009
Germany's Volkswagen AG will buy a one-fifth stake in Suzuki Motor Corp for $2.5 billion, tapping the Japanese firm's expertise in small cars and dominance in India as VW seeks to become the No.1 automaker…
9 Dec 2009
U.S. food group Kraft Foods has offered concessions to European Union regulators aimed at tackling concerns that its plan to buy British chocolate maker Cadbury may be anticompetitive...
9 Dec 2009
Hershey Co and the trust that controls it are close to deciding whether to bid for rival candy maker Cadbury PLC…
9 Dec 2009
The government slapped a one-off levy on bank bonuses on Wednesday and said it would hike income tax for all but the poorest in 2011, delaying action to tackle a record deficit until…
9 Dec 2009
U.S. President Barack Obama and Congress are ending the year as they began it, at work on an economic stimulus package of tax cuts and spending, with the latest effort likely to…
9 Dec 2009
Canary Wharf Group, the property firm that operates London's second-largest financial district, is selling a landmark building for 208 million pounds to tap into surging demand for prime UK property…
9 Dec 2009
PMorgan Chase & Co. has drawn more orders for the largest commercial mortgage bond since mid-2008 than can be filled at proposed prices, suggesting firm demand for new conservative securities in…
8 Dec 2009
U.S. Wholesale coffee roaster and distributor Diedrich Coffee Inc accepted a $35 per share bid from Green Mountain Coffee Roasters Inc, which pipped a rival $32.50 offer from…
8 Dec 2009
Real estate private equity firm Tishman Speyer Properties said it was in discussions with the Federal Reserve Bank of New York and other lenders to restructure loans on a portfolio of…
8 Dec 2009
The board of General Motors Co will get an update on the search for a new chief executive by next month as a recruiting firm compiles a short list of candidates…
8 Dec 2009
A possible break-up of TNT moved a step closer on Tuesday as activist funds, back on the hunt for opportunities, took a 5 percent stake in the Dutch mail and logistics group…
8 Dec 2009
Luxury hotelier Pyramid Hotels & Resorts Inc on Monday filed for an initial public offering that it hopes will raise $275 million...
8 Dec 2009
Fertilizer maker CF Industries Holdings Inc raised its offer for smaller rival Terra Industries Inc by more than 10 percent, bringing the value of the hostile takeover bid to $4.58 billion…
8 Dec 2009
Brookfield Asset Management, a global property investor, said on Monday it is a meaningful creditor in bankrupt U.S. mall operator General Growth Properties and has held talks to assist it in its reorganization…
8 Dec 2009
NorthStar Healthcare Investors Inc is betting on an aging population and said on Monday that it hopes to raise $200 million in an initial public offering…
8 Dec 2009
ExxonMobil Corp and partners gave final approval on Tuesday to a $15 billion liquefied natural gas (LNG) project in Papua New Guinea, adding to the tens of billions of dollars that energy majors…
8 Dec 2009
Investor confidence in Dubai took a fresh knock on Tuesday as its leaders dithered over a rescue for debt-laden company Dubai World and ratings agency Moody's slapped a downgrade on government-related debt...
8 Dec 2009
Dealmakers expect merger and acquisition activity to pick up in the first six months of 2010, with manufacturing, health care and financial services positioned to benefit most in…
7 Dec 2009
Translation company Language Line Services Holdings Inc hopes to go public in an initial public offering that would raise as much as $400 million...
7 Dec 2009
U.S. Biotechnology Company Celgene Corp will buy privately held Gloucester Pharmaceuticals for as much $640 million to expand further into cancer medicines...
7 Dec 2009
EBay has put its former chief executive, Meg Whitman, on the witness stand on Monday to make the case that Craigslist unfairly denied the Internet giant a seat on its board...
7 Dec 2009
Digital China, a Hong Kong-listed information technology company, is to distribute Research In Motion's Blackberry handsets, accelerating RIM's effort to expand into mainland China.
7 Dec 2009
Hypermarcas, Brazil's largest maker of toiletries, said it would pay 1.3 billion reais ($751 million) for drugmaker Neo Quimica to help it expand further into the over-the-counter medicines market,,,
7 Dec 2009
The projected long-term cost of the U.S. government's bailout of the nation's big banks is going to be at least $200 billion less than previously thought…
7 Dec 2009
Canada's Franco-Nevada Corp, a gold-focused resource royalty company, said on Sunday it will offer C$6.75 a share to buy smaller rival International Royalty Corp…
7 Dec 2009
China Pacific Insurance (Group) Co Ltd, the country's third-largest life insurer, plans to raise up to HK$25.9 billion ($3.34 billion) from a Hong Kong initial public offering…
7 Dec 2009
British waste management firm Shanks Group Plc revealed a 536 million pound ($889 million) buyout approach, sending its shares soaring, but said its board and key shareholders were…
7 Dec 2009
Kuwait's sovereign wealth fund said on Sunday it had sold its stake in Citigroup Inc for a profit of $1.1 billion, becoming the latest Gulf investor to sell foreign shares as markets improve…
7 Dec 2009
Dubai moved on Monday to ring-fence prized assets from the $26 billion debt restructuring of Dubai World, denting already fragile investor sentiment ahead of talks between the struggling…
7 Dec 2009
Chevron Corp's A$90 billion ($82.5 billion) sale of Wheatstone liquefied natural gas to Tokyo Electric Power is set to add pressure on rival Australian projects in their race to find customers…
7 Dec 2009
Cameco Corp expects to release updated cost estimates and a production timetable for its Cigar Lake uranium deposit in northern Saskatchewan early next year…
7 Dec 2009
FedEx Corp said on Monday that its second-quarter earnings would easily beat its previous forecast, citing strong growth in international demand for its air services, especially in Asia and…
6 Dec 2009
Citigroup Inc (C.N) is trying to persuade the U.S. government to allow it to repay $20 billion in taxpayer funds before a window to launch a share sale effectively shuts by the middle of next week…
4 Dec 2009
Kraft Foods made its formal $16.1 billion (9.78 billion pound) offer to Cadbury shareholders, triggering a two-month takeover fight for the chocolate maker and a frosty response from Britain…
4 Dec 2009
The battle for control of bankrupt U.S. amusement park operator Six Flags Inc heads to a Delaware court on Friday amid growing questions about how much the company is actually worth…
4 Dec 2009
Asia's largest wind power generator, Longyuan Power Group Corp, and China's biggest shipbuilder, China Shipping Industry, will each raise over $2 billion in initial public offerings in…
4 Dec 2009
Cisco Systems has control over more than 90 percent of Norwegian target Tandberg, allowing it to squeeze out remaining shareholders, and create the world's leader in videoconferencing equipment…
4 Dec 2009
General Motors and its Chinese partner SAIC Motor are to make small cars and commercial vehicles in India, taking a successful 12-year Chinese partnership…
4 Dec 2009
General Motors and Suzuki Motor Corp have agreed to dissolve their vehicle manufacturing joint venture in Canada, with GM buying Suzuki's stake in the operation, the companies said…
4 Dec 2009
Goldman Sachs Chief Lloyd Blankfein is weighing plans to increase the share of compensation paid out in equity to executives in a bid to quell public anger over the probability of large pay-outs...
3 Dec 2009
CME Group, the world's largest derivatives exchange, said on Thursday it plans to launch a clearing house for the $26 trillion credit default swap market by Dec. 15, and has signed eight…
3 Dec 2009
Oil and gas company Denbury Resources Inc said it would buy a 95 percent working interest in the Conroe Field in Houston for about $430.7 million in cash and stock from Wapiti Energy LLC…
3 Dec 2009
Chilean retailer Hites raised $43 million on Thursday, selling a near 30 percent stake in the company in an initial public offering that the company said would help expand its businesses…
3 Dec 2009
AstraZeneca has bought rights to an experimental antidepressant from Targacept in a deal worth up to $1.24 billion, boosting its pipeline and slapping an endorsement on its U.S. biotech partner's drug…
3 Dec 2009
MGIC Investment Corp (MTG.N), the largest U.S. mortgage insurer, said Wisconsin regulators waived till 2011 a requirement that its principal unit maintain a minimum level of…
3 Dec 2009
Dubai's assets may be virtually untouchable, so any holders of bonds issued by flagship property firm Nakheel that take legal action to recover potential losses could be wasting their time…
3 Dec 2009
Bank of America Corp said it would repay $45 billion of taxpayer bailout funds, a move that could free the top U.S. lender from pay curbs as it looks to hire a new CEO but also makes it more…
3 Dec 2009
Comcast Corp struck a deal to buy a majority stake in NBC Universal from General Electric Co, creating a media superpower that would control not just how TV shows and movies are made…
3 Dec 2009
American Airlines said it and other members of the Oneworld airline alliance along with private equity fund TPG are willing to invest $1.1 billion in Japan Airlines to prevent it defecting to…
3 Dec 2009
Four British banks have a $5 billion combined exposure to Dubai World, making them the biggest foreign creditor group at the Dubai state-owned conglomerate…
3 Dec 2009
Comcast Corp's plan to take a controlling stake in NBC Universal has spurred many behind-the-scenes conversations, but whether any will result in actual deals depends on the...
3 Dec 2009
Fortress Investment Group on Thursday completed just the second new issue of U.S. commercial mortgage-backed securities since mid-2008 through…
2 Dec 2009
State Street Corp, already one of the financial industry's biggest record keepers, will become the biggest service provider for alternative assets after it buys Mourant International Finance Administration…
2 Dec 2009
Nokia Siemens Networks will object in U.S. bankruptcy court to Ciena Corp's $769 million bid for Nortel's optical networking and carrier ethernet business...
2 Dec 2009
U.S. private equity firm Carlyle Group plans to announce two or three deals soon in Brazil…
2 Dec 2009
Bailed-out Royal Bank of Scotland Group Plc warned it faces heightened risks and will struggle to hire and retain key staff after the UK government demanded control of bonuses as a condition for insuring its bad debts...
2 Dec 2009
Alarm bells are ringing in Washington amid a sudden realization that lightning-fast computer programs and anonymous venues are dominating trading on U.S equity markets...
2 Dec 2009
Ex-Siemens Chairman Heinrich von Pierer agreed to pay the company 5 million euros ($7.54 million) to partly compensate for costs stemming from one of Germany's biggest-ever corporate bribery scandal…
2 Dec 2009
Barclays completed the sale of its asset management arm to U.S. fund manager BlackRock on Tuesday for $15.2 billion, or $1.7 billion more than when it struck the deal in June after…
2 Dec 2009
Government-owned Dubai World will meet its main creditors next week to discuss a request to delay payment on $26 billion in debt that has shaken global markets…
2 Dec 2009
Foreign firms and individuals will be allowed to set up limited partnership firms in China from March 2010, a move that could make it easier for some overseas investors to tap the domestic market…
2 Dec 2009
German insurer Talanx has bounced back from the financial crisis in 2009 and is pushing ahead with international expansion as it prepares for a stock market floatation…
2 Dec 2009
A federal judge has rejected Amazon.com Inc's request that he withdraw preliminary approval of a settlement between Google Inc and groups of authors and publishers to digitize millions of books…
2 Dec 2009
Green Mountain Coffee Roasters Inc has raised its all-cash offer for Diedrich Coffee Inc by $25 million to $290 million or $35 a share, outweighing rival Peet's Coffee & Tea Inc's $32.50 bid…
1 Dec 2009
France's Vivendi is facing regulatory scrutiny in Brazil over its purchase of telecom firm GVT just as the media conglomerate on Tuesday boosted its stake through private stock purchases…
1 Dec 2009
Noront Resources boosted its offer to buy fellow Canadian miner Freewest Resources Canada on Monday, attempting to top a rival bid from U.S.-based Cliffs Natural Resources...
1 Dec 2009
Canadian advertising agency Cossette Inc said on Monday it has accepted a sweetened bid from U.S. private equity group Mill Road Capital and it continues to recommend that…
1 Dec 2009
Peet's Coffee & Tea on Monday raised for the second time in two weeks its cash-and-stock offer to buy Diedrich Coffee Inc...
1 Dec 2009
General Electric Co and Vivendi SA have agreed in principle to a deal in which GE would buy the French company's 20 percent stake in NBC Universal for $5.8 billion…
1 Dec 2009
Top mobile phone maker Nokia said on Tuesday it filed suits in Britain and the United States last week alleging a number of leading technology firms operate cartels for mobile phone and monitor displays…
1 Dec 2009
Insurance giant American International Group Inc said on Tuesday it had closed two transactions that reduce its debt with the Federal Reserve Bank of New York by $25 billion through…
1 Dec 2009
Chipmaker Broadcom Corp <BRCM.O> said on Monday it agreed to buy privately held Dune Networks for around $178 million in cash in a move to bolster its portfolio of network equipment products…
1 Dec 2009
Zijin Mining Group has offered $498 million for Australia's Indophil Resources NL, a deal that would propel China's largest listed gold miner into the ranks of the world's top copper producers...
1 Dec 2009
Gulf markets dropped again on Tuesday, taking little comfort from Dubai World's plan to restructure about $26 billion of debt and despite reassurances on economic resilience…
1 Dec 2009
Barclays completed the sale of its asset management arm to U.S. fund manager BlackRock on Tuesday for $15.2 billion, or $1.7 billion more than when it struck the deal...
1 Dec 2009
Pubs operator Mitchells & Butlers Plc will ask Britain's takeover watchdog to rule whether rebel shareholders are attempting to gain control of the group after they blocked the appointment of a chairman…
1 Dec 2009
British fund manager Gartmore and its private equity owners plan to raise about 400 million pounds ($659 million) in a London listing early next month...