NEWS
June 2010
30 Jun 2010
Yahoo Inc approved a plan to repurchase up to $3 billion of its common stock over the next three years, the company said...
30 Jun 2010
Japan's Hitachi Ltd said it would transfer most of its stake in an LCD panel joint venture to Panasonic Corp for $717 million, shrinking its investment in the venture to 5 percent...
30 Jun 2010
Amazon.com Inc said it signed an agreement to acquire online store Woot.com, which sells discounted products and operates an online community, for an undisclosed sum...
30 Jun 2010
ConocoPhillips said it completed the sale of its 50 percent stake in a truck stop joint venture to Pilot Travel Centers for $626 million, marking the latest step in its $10 billion asset sale plan...
30 Jun 2010
The hedge fund industry's latest attempt at making nice with U.S. securities regulators appears to involve going out and hiring former regulators of their own...
30 Jun 2010
Algeria's government has submitted to parliament a draft law that will allow it to set price controls on all consumer goods and services as part of a campaign to curb inflation...
30 Jun 2010
U.S. securities regulators voted to restrict a practice that has allowed money managers to make political contributions in hopes of winning business from pension funds...
30 Jun 2010
The pace of Chinese manufacturing growth slowed in June as government steps to cool the property market and curb bank lending combined with a faltering global recovery to dampen sentiment...
30 Jun 2010
Troubled Dubai developer Nakheel said it has started making cash payments to trade creditors, in the second phase of a repayment schedule, and is restarting several projects put on hold during the downturn...
30 Jun 2010
From a legal perspective, BP's Deepwater Horizon blowout and the 1989 grounding of the Exxon Valdez are in many respects night and day...
30 Jun 2010
Celgene Corp agreed to acquire Abraxis BioScience Inc for $2.9 billion in cash and stock to expand its oncology pipeline, the companies said...
30 Jun 2010
Boeing Co said it agreed to acquire defense manufacturer Argon ST Inc for about $775 million to expand its surveillance and intelligence offerings...
30 Jun 2010
Egypt is likely to remain an Islamic finance laggard, hit by bad press from corruption scandals and a government keen to buttress its secular credentials and stymie Islamists ahead of elections next year...
30 Jun 2010
The Takeover Panel gave URS a slap over the wrist, saying the U.S. engineering firm's statement that it might raise its bid for consultancy Scott Wilson Group breached the takeover code...
30 Jun 2010
Indonesian telecommunications company PT Indosat said that it has extended the deadline for holders of its debt due in 2010 and 2012 to accept its offer to buy back the bonds...
30 Jun 2010
Oil Refineries Ltd, Israel's largest oil refinery, and a syndicate of local banks led by Bank Hapoalim signed an agreement for a loan of $600 million...
29 Jun 2010
Google has stopped automatically redirecting some search traffic from China to its Hong Kong search engine in a bid to placate angry Chinese officials, the company said Tuesday….
29 Jun 2010
Google Inc is tweaking its China website in a last-ditch effort to save its search business in the world's largest Internet market after butting heads with Beijing over Web censorship...
29 Jun 2010
Mobile phone operators in the European Union are keeping charges for roaming as high as regulations will allow them, showing that there is a need for more competition...
29 Jun 2010
Saudi Telecom Company, the Arab world's largest telecom company by market value, may buy 10 percent to 15 percent stake in a newly created GTL-Reliance Infratel tower unit...
29 Jun 2010
Google Inc is expected to close a $3 billion, three-year revolving credit facility this week, marking its first visit to the syndicated loan market, Jacqueline Poh of Thomson Reuters LPC reports...
29 Jun 2010
Iraq's cabinet approved a multibillion-dollar deal with Royal Dutch Shell and Japan's Mitsubishi to capture gas being flared at southern oilfields....
29 Jun 2010
Political momentum was expected to carry a sweeping Wall Street reform bill to approval in the U.S. Congress, but the death of Senator Robert Byrd threatened to delay final action until mid-July...
29 Jun 2010
Google Inc said it will stop automatically rerouting users in China to an uncensored search page, a move that aims to preserve its operating license and signals a fight to save the firm's Chinese business...
29 Jun 2010
Spurned U.S. suitor Emerson Electric raised its cash offer for Chloride by more than a third to $1.5 billion, seeking to tempt the British group away from an agreed $1.25 billion (829 million pound) deal with...
29 Jun 2010
World stocks hit a 2-1/2-week low on Tuesday while oil and the euro also slipped as investors grew nervous over the funding situation of banks about to repay 442 billion euros ($545.5 billion) to the European Central Bank...
29 Jun 2010
A subsidiary of India's Reliance Capital Asset Management will launch two Islamic funds in Malaysia by July and roll out products for retail investors in two years, a company official said on Tuesday...
29 Jun 2010
About 15 percent of Agricultural Bank of China's total lending went to local governments as of the end of 2009, the bank said, which it claimed was lower than peers...
29 Jun 2010
The Supreme Court struck down part of a law to prevent fraud committed by companies like Enron and WorldCom, saying a board to police public companies' auditors violated the...
29 Jun 2010
Europe's highest court backed on Tuesday an EU regulatory decision to drop an antitrust case against De Beers in return for a pledge by the diamond producer to stop buying rough gems from Russia's Alrosa...
28 Jun 2010
The International Monetary Fund said it had approved the disbursement of the delayed third tranche of a $2.6 billion loan to Sri Lanka...
28 Jun 2010
Luxury hotel chain Mandarin Oriental International Ltd is planning on almost doubling its international presence in the next three years and sees China as a major focus, the company said on Monday...
28 Jun 2010
Tata Motors plans to raise about 47 billion rupees ($1.02 billion) through a combination of shares, bonds, debentures and other equity-linked instruments to cut debt and grow its business...
28 Jun 2010
The Supreme Court upheld a ruling refusing to give a patent for a business method, but also criticized the prevailing standard for deciding whether to allow such patents...
28 Jun 2010
Swiss drugmaker Novartis AG could have to raise its buyout bid for Alcon after a law academic advised Alcon's independent directors' committee that their approval was needed for a deal...
28 Jun 2010
The Federal Reserve Bank of New York has been probing major financial firms' exposure to BP Plc to ensure that if the oil giant buckles under the costs of the Gulf oil spill...
28 Jun 2010
Offshore oil and gas driller Noble Corp agreed to buy privately held FDR Holdings Ltd for $2.16 billion, adding seven vessels to its fleet even as much of the Gulf of Mexico...
28 Jun 2010
PT Media Nusantara Citra said it will continue with a plan to issue $300-$400 million in bonds in the fourth quarter of 2010, despite concerns that Europe's liquidity problems could force it to pay higher coupons...
28 Jun 2010
U.S. engineering firm URS Corp said its unit agreed to buy British peer Scott Wilson Group Plc for 161 million pounds ($242.5 million) in cash, while another U.S. firm said...
28 Jun 2010
The deal could give Goldman a substantial stake in China's No.4 life insurer and allow France's AXA to shed a non-core asset…
28 Jun 2010
It might have been better for the environment to have done nothing about the enormous oil spill in the Gulf of Mexico except to keep the oil out at sea, British scientists said...
28 Jun 2010
Electric carmaker Tesla Motors raised the number of shares it will sell in its initial public offering by 20 percent, an early sign that investor interest in the startup is strong...
28 Jun 2010
Sun Pharmaceutical Industries will stop selling generic version of Sanofi-Aventis' cancer drug Eloxatin in the United States after June 30 following a court order, the Indian drugmaker said...
28 Jun 2010
The Group of 20 ended a summit saying its top priority was strengthening the shaky economic recovery and pledging to clean up debt-burdened public finances without stunting growth...
28 Jun 2010
Ports operator DP World, postponed plans to seek a dual listing on the London Stock Exchange in a surprise move, saying it needed to find an acceptable system to support the listing...
27 Jun 2010
The company would be willing to take either a minority or majority stake in a local African operator, Wang Jianzhou said on the sidelines of the Fortune Global Forum in Cape Town…
27 Jun 2010
Air China said late that it would buy 20 Boeing 777-800 airplanes for $1.4 billion...
27 Jun 2010
Australia's dominant phone company, Telstra Corp will look to go on the acquisition trail as it prepares for life as a retail-only telecommunications company, its chief executive told Australian media...
27 Jun 2010
Kuwaiti telecoms firm Zain is in talks with Abu Dhabi's Emirates Telecommunications Corp (Etisalat) about selling a majority stake in the group...
27 Jun 2010
Israel's MA Industries is to buy U.S. firm Albaugh Inc for about $1 billion to bolster its presence in the Americas and solidify its position as the world's biggest generic agrochemical maker...
27 Jun 2010
Talks to boost Telecom Egypt's stake in Vodafone's Egypt unit ended because the British firm insisted on selling all or none of its share...
26 Jun 2010
Dubai builder Arabtec expects payment in cash from troubled developer Nakheel to be made soon while payment in the form of a bond will take a few months...
26 Jun 2010
Dubai's ruler said the emirate would go forward with all development projects within a year in an interview with CNN broadcast, after billions of dollars worth of projects were cancelled in the wake of...
25 Jun 2010
"Write in first person. Be honest. Context matters”...
25 Jun 2010
A tough M&A climate can actually make for more iron-clad takeover deals...
25 Jun 2010
Canada's industry minister said he cleared China's Sinopec Corp to buy ConocoPhillips' stake in the Syncrude Canada Ltd oil sands project...
25 Jun 2010
Pabst Blue Ribbon, the no-frills beer that was lately embraced by thrifty young urbanites, has been acquired by a Connecticut tycoon known for reinvigorating food brands...
25 Jun 2010
Buyout funds are making a comeback, scouring deals from Australia to America after nearly two years of virtual shutdown, but private equity-backed M&A volumes remain far short of the boom times...
25 Jun 2010
U.S. lawmakers hammered out a historic overhaul of financial regulations as dawn broke over the nation's capital on Friday, handing President Barack Obama a major domestic policy victory on the eve of...
25 Jun 2010
The vote on Magna International Inc's plan to pay its founder nearly $900 million to give up his controlling shares will go ahead, but only after the company complies with an order by an Ontario regulator...
25 Jun 2010
Japan's No.2 bank, Mizuho Financial Group, said it would raise a slightly higher-than-expected $9.6 billion in a previously flagged global offering that will boost its shares outstanding by 38 percent...
25 Jun 2010
It must now win approval in each chamber before it can go to President Barack Obama to be signed into law...
25 Jun 2010
Hospital operator Fortis Healthcare said the Government of Singapore Investment Corp had decided to defer a preferential investment but the sovereign wealth fund will evaluate participating in broader fund raising by Fortis...
25 Jun 2010
Affinia Group Holdings Inc filed with the U.S. regulators to raise up to $230 million in an initial public offering (IPO) of common stock...
25 Jun 2010
Vivendi hailed a U.S. Supreme Court ruling limiting foreign shareholders' rights to seek compensation in the United States...
25 Jun 2010
Global merger and acquisition activity in 2010 is off to its worst start in six years, and with economic uncertainty and a sovereign debt crisis in Europe, the second half could be just as disappointing...
25 Jun 2010
PT Bakrie & Brothers, the holding company for Indonesia's Bakrie family, said on Friday it was considering a rights issue for PT Bakrie Telecom...
25 Jun 2010
Abu Dhabi's Aabar Investments, the largest stakeholder in Daimler, called a July 26 shareholder meeting to discuss delisting the company to boost flexibility...
25 Jun 2010
Magna International Inc must provide shareholders with more information in order to proceed with a vote on a plan that would pay its founder around $900 million for...
24 Jun 2010
China, the world's biggest exporting nation, wants to double its trade with Canada to $60 billion by 2015, President Hu Jintao said on Thursday...
24 Jun 2010
The operator of a South Carolina toll highway sought bankruptcy protection in a rare filing by a municipal entity under Chapter 9 of the U.S. Bankruptcy Code...
24 Jun 2010
The Australian government signalled that it was now open to renegotiating the 40 percent headline rate of its proposed mining tax, which has angered miners and worried voters...
24 Jun 2010
New York state's pension fund plans to sue BP Plc to recover losses from the drop in the company's stock price following the worst oil spill in U.S. history...
24 Jun 2010
Morgan Stanley agreed to pay $102 million to end an investigation in Massachusetts into unfair lending practices...
24 Jun 2010
SMART Technologies Inc, which makes digital whiteboards, filed with U.S. regulators on Thursday to raise up to $730.7 million in an initial public offering...
24 Jun 2010
Reliance Industries will invest $1.36 billion in the U.S. shale gas assets of Pioneer Natural Resources, its second such investment in as many months as it builds business beyond...
24 Jun 2010
Six companies have agreed to pay $173 million to settle U.S. antitrust lawsuits accusing them of conspiring to keep computer chip prices artificially high...
24 Jun 2010
Privately held microblogging service Twitter has agreed to a settlement with the U.S. Federal Trade Commission over charges that it put customers privacy at risk by failing to safeguard their personal information...
24 Jun 2010
Britain could force internet service providers such as BT, Virgin Media and TalkTalk to reveal whether they restrict access to some websites at peak times while favouring others, regulator Ofcom said...
24 Jun 2010
Titagarh Wagons said its bid to acquire a rail wagon or rolling stock manufacturing unit in France has been accepted by the court...
24 Jun 2010
Abu Dhabi's Aabar took advantage of the weaker euro to buy a 4.99 percent stake in UniCredit worth $2.48 billion, becoming the Italian bank's second biggest shareholder, the chief executive of the...
24 Jun 2010
The Gulf of Mexico oil spill piled pressure on Barack Obama as the hurricane season closed in and voters angry at his crisis management hammered the U.S. president in a poll rating...
24 Jun 2010
Tens of thousands more gallons of oil gushed into the Gulf of Mexico yesterday after the containment cap failed, forcing BP to remove it. At the same time, Senate Democrats stalled in...
24 Jun 2010
Canadian oil and gas company Niko Resources Ltd's reported a fourth-quarter profit compared with a loss in the year ago, driven mainly by ramp up of operations at one of its...
24 Jun 2010
Dutch financial services group ING raised $175 million by selling its entire 3.1 percent stake in India's Kotak Mahindra Bank, two sources with direct knowledge of the deal said...
24 Jun 2010
Insurance buyout vehicle Resolution has agreed to buy AXA's UK life arm, and its leading investors will cheaply underwrite half of a $3 billion rights issue to fund the deal...
24 Jun 2010
Ski resort and theme park operator Compagnie des Alpes is refinancing its debt and raising 100 million euros ($134 million) through a capital increase to expand its leisure business and make acquisitions...
24 Jun 2010
Google Inc won a landmark victory over media companies as a Manhattan federal judge threw out Viacom Inc's $1 billion lawsuit accusing the Internet company of allowing copyrighted videos on its...
24 Jun 2010
General Motors Co plans to file plans as soon as next week for a public offering of stock that could raise up to $20 billion in one of the largest U.S. IPOs ever, a person with knowledge of the preparations said...
23 Jun 2010
The AgBank IPO, which hopes to be the world's biggest at more than $23 billion, is s China's third-largest lender with $1.4 trillion in assets…
23 Jun 2010
Google Inc said it was examining the impact of a new set of Chinese regulations towards mapping on its Google Maps product in the country...
23 Jun 2010
The United Arab Emirates wants Royal Dutch Shell to step in as its partner at the $10 billion Shah gas project after U.S. major ConocoPhillips withdrew...
23 Jun 2010
Argentina attracted a better-than-expected 66 percent acceptance for its $18.3 billion debt swap, but it may not be enough for the country to return to global markets eight years after its...
23 Jun 2010
Suncor Energy Inc said on Wednesday it will sell Alberta natural gas properties to Abu Dhabi National Energy Co for C$285 million ($274 million) as Canada's biggest oil company...
23 Jun 2010
When Synovus Financial Corp raised about $1 billion from public markets in April, private equity firms circling the Georgia bank were reminded that they have to think small to...
23 Jun 2010
Four days after U.S. securities regulators charged Goldman Sachs Group with civil fraud, Ash Williams, the top administrator for Florida's $138 billion in public investments, wanted to...
23 Jun 2010
If the outsized moves in the Chinese yuan this week were anything to go by, China is taking a significant step toward achieving its dream of becoming a global financial center by 2020...
23 Jun 2010
Whether it's snapping up glitzy buildings or stakes in luxury carmakers, Qatar's state fund has its hands everywhere -- and more high-profile deals are expected, fuelled by the Gulf state's natural gas riches...
23 Jun 2010
Germany, France and Britain announced plans on Tuesday to introduce a bank levy to help meet the costs of the financial crisis, without waiting for a G20 summit this week, underscoring a rift with key partners...
23 Jun 2010
Agricultural Bank of China will price the Hong Kong part of its likely record $23 billion IPO at no less than HK$2.80 a share, a top executive was quoted as saying by a Chinese financial newspaper on Wednesday…
23 Jun 2010
Four years ago, Pan Gongsheng was board secretary at Industrial and Commercial Bank of China and steered what is now the world's most valuable bank through its $21.9 billion IPO, the largest ever….
23 Jun 2010
Extended Stay America Inc moved closer to emerging from bankruptcy after a U.S. judge approved the hotel chain's disclosure statement and set a date for a vote on the company's plan of reorganization...
22 Jun 2010
Brazilian state oil company Petrobras delayed by two months one of the world's largest planned stock offerings in what could be a blow to its ambitious plans to pump billions of barrels of oil from deep beneath the ocean floor...
22 Jun 2010
The U.S. Federal Communications Commission approved Verizon Wireless's $2.35 billion wireless spectrum license sale to AT&T Inc...
22 Jun 2010
JPMorgan Chase & Co reshuffled three top executives, including its chief financial officer, as part of an effort to ensure a deep bench of executives who could eventually succeed CEO Jamie Dimon...
22 Jun 2010
U.S. prosecutors said Kuwait logistics company Agility is a fugitive from justice that has defrauded the U.S. military and does not deserve the right to bring a motion in federal court...
22 Jun 2010
British oil giant BP has agreed to sell its French retail business to Israeli conglomerate Delek Group for 180 million euros ($241.5 million), Delek said...
22 Jun 2010
The Financial Services Authority said it remained a watchdog with "teeth" and would turn its attention to how contracts for difference (CFDs) are traded as part of wider efforts to clean up markets...
22 Jun 2010
Britain slapped a 2 billion pound ($3.1 billion) annual tax on banks and Germany and France said they will follow suit, telling the industry it must pay for its part in the financial crisis...
22 Jun 2010
Research and Markets has announced the addition of the "Private Equity and Venture Capital Encyclopedia" report to their offering...
22 Jun 2010
U.S. regulators updated the estimated cost of cleaning up hundreds of bank failures, saying the industry is seeing better earnings and a greater ability to raise capital...
22 Jun 2010
Frontier Communications Corp is suing to stop Google Inc from offering a service that gives users one phone number connecting their home, work and cell phones because it infringes a patent...
22 Jun 2010
A majority of Magna International Inc's shareholders have cast early votes in support of the automaker's controversial plan to pay its founder a huge premium to loosen his control, the Globe and Mail newspaper said...
22 Jun 2010
News, details on corporate bond issues in the European markets...
22 Jun 2010
IT security company SonicWall Inc said in a filing a privately held company had offered to acquire it for $12 a share, topping an earlier offer from private equity firm Thoma Bravo...
22 Jun 2010
World stocks fell for the first time in two weeks on Tuesday as investors took some profits on a cooler assessment of China's weekend decision to give its currency more flexibility...
22 Jun 2010
British finance minister George Osborne will announce swingeing spending cuts and tax rises in what will be the tightest budget in a generation and the first big test for the coalition government...
22 Jun 2010
British Airways said it had agreed a recovery plan for its 3.7 billion pound ($5.5 billion) pension deficit, potentially removing a final obstacle to its planned merger with Spain's Iberia...
21 Jun 2010
Guotai Junan International Holdings Ltd plans to raise up to $298 million in a Hong Kong initial public offering, according to a term sheet obtained by Reuters…
21 Jun 2010
Bouygues Construction said on Monday it had won a 360 million euro ($445.8 million) contract to build a rail tunnel in Hong Kong…
21 Jun 2010
The financial regulator has fined photo booth maker Photo-Me 500,000 pounds, the largest fine of its type, for a delay in disclosing inside information...
21 Jun 2010
Booz Allen Hamilton Holding Corp said it filed with U.S. regulators to raise up to $300 million in an initial public offering of class A common stock...
21 Jun 2010
Canada's Biovail Corp will buy Valeant Pharmaceuticals International in a complex deal worth roughly $3.3 billion engineered by the U.S. drug maker to preserve a lower tax structure...
21 Jun 2010
U.S. market regulators on Monday accused New York financial services firm ICP Asset Management and its founder of defrauding investors in a series of complex collateralized debt obligations (CDOs)...
21 Jun 2010
A federal judge agreed to give Goldman Sachs Group Inc more time to respond to a lawsuit filed by U.S. securities regulators accusing the Wall Street bank of fraud...
21 Jun 2010
Telesp, the Brazilian phone company controlled by Spain's Telefonica, has been promised around 30 billion reais ($17 billion) in financing to take over wireless carrier Vivo...
21 Jun 2010
Shareholders of Fujitsu Ltd voted for all of its board members, including two whom a proxy adviser had recommended be removed following a scandal over the resignation of the company's former president...
21 Jun 2010
Canadian construction companies, strengthened by government stimulus projects and the end of the economic downturn, are casting about for acquisitions as the work they bid on gets bigger and...
21 Jun 2010
Russian tycoon Alisher Usmanov won a major step in his battle to scrap the merger of Russia's No.2 mobile firm MegaFon and top Turkish operator Turkcell after a Moscow court nullified the deal...
21 Jun 2010
Oslo-listed oilfield services provider Acergy agreed to buy rival Subsea 7 on Monday in an all-share deal set to create a leader in the undersea engineering segment hit by the Mexico Gulf oil spill...
21 Jun 2010
Egypt's Maridive and Oil Services said on Monday it won contracts to build two vessels in a Chinese shipyard and had cancelled two jobs in India...
21 Jun 2010
Diversified food maker Ralcorp Holdings Inc agreed to buy American Italian Pasta Co for about $1.2 billion in cash to further expand its product portfolio, and forecast a weak third-quarter profit...
21 Jun 2010
The Supreme Court said on Monday it would hear JPMorgan Chase & Co's appeal over a lawsuit that says the bank violated federal law by failing to notify credit card holders before raising interest rates...
21 Jun 2010
Brazil's government is likely to take a big step toward tightening its grip on state oil company Petrobras on Tuesday, when shareholders vote on an estimated $80 billion capital injection...
21 Jun 2010
Rio Tinto and BHP Billiton moved closer to a $116 billion iron ore joint venture after the Western Australia government approved the plan in return for payment of higher mining royalties, a deal that undermines...
21 Jun 2010
HJ Heinz Co said that it agreed to acquire Foodstar, a Chinese soy sauce maker, from private equity firm Transpac Funds, as it seeks to accelerate growth in emerging markets...
21 Jun 2010
Italian fashion house Cavalli, best known for its animal print clothes, aims to increase its accessories and menswear businesses in the next two to three years to help expansion in Asia...
21 Jun 2010
The Kuwait Investment Authority has invested $800 million in Agricultural Bank of China, two sources said on Monday, giving Middle East funds a big slice of AgBank's likely record $23 billion IPO...
21 Jun 2010
Barclays Plc's top two executives will this week tell a New York court the British bank did not get an unfair windfall from a deal for parts of Lehman Brothers in a case that shows the need for banks to draw up "living wills"...
21 Jun 2010
U.S.-based Corn Products International will buy the National Starch business of Dutch paints firm AkzoNobel for $1.3 billion in cash, completing the Dutch firm's delayed sale of non-core businesses...
21 Jun 2010
The biggest threat to Britain's economy is its huge budget deficit, and an emergency budget on Tuesday will save the country from the fate of debt-stricken Greece, British finance minister George Osborne said...
21 Jun 2010
Agricultural Bank of China has received an $800 million investment from the Kuwait Investment Authority, sources said, in a deal that means Middle East funds will take up more than half...
21 Jun 2010
Liberty Media Corp, the media conglomerate controlled by mogul John Malone, said on Sunday it plans to spin-off two of its units -- investment arm Liberty Capital and pay TV and Hollywood studio unit Liberty Starz...
20 Jun 2010
Australia and China inked commercial deals worth more than $8.8 billion on Monday, largely in mining, in another sign that a new Australian mining tax has failed to dampen inward Chinese investment...
20 Jun 2010
The Agricultural Bank of China has chosen the banks to lead its more than $23 billion initial public offering, sources involved with the process said on Sunday, a move that finally sorts out the key roles for the deal...
20 Jun 2010
Europe will import its first solar-generated electricity from North Africa within the next five years...
20 Jun 2010
Tensions in global financial markets stemming from the euro zone's sovereign debt crisis appear to be easing, setting the stage for investors to dip back into risky assets in the second half of this year...
20 Jun 2010
Bahrain's sovereign wealth fund Mumtalakat Holding's full-year net loss in 2009 more than doubled due to higher losses at its portfolio companies Gulf Air and Aluminium Bahrain...
20 Jun 2010
State-run Oman Oil Company is in talks with Oman's Ministry of Oil and Gas to take on an exploration block ceded by Britain's BG Group...
18 Jun 2010
Solar panel maker Solyndra Inc has withdrawn its initial public offering plans and is raising $175 million by selling convertible promissory notes, citing "adverse" public market conditions...
18 Jun 2010
Some investors in Europe and Asia are discovering the Build America Bond program created in the U.S. economic stimulus plan last year offers attractive yields and stability...
18 Jun 2010
The Hong Kong government said it is looking into the cancelled sales of Henderson Land apartments, which have pushed down the developer's shares this week...
18 Jun 2010
Sovereign wealth funds from the Middle East, European banks, and Asia's third-richest person are said to have committed to invest in Agricultural Bank of China's IPO, likely to be the world's biggest at...
18 Jun 2010
May public finances slightly better than expected...
18 Jun 2010
The European Commission conditionally approved the creation of a "New Eurostar" rail joint venture by French railway operator SNCF and British railway company London & Continental Railways Ltd. (LCR)...
18 Jun 2010
Sony Corp CEO Howard Stringer took home $4.5 million plus stock options in the past financial year -- when the electronics giant lost close to $450 million -- making him one of the highest paid executives...
18 Jun 2010
Tesco, the world's No.3 retailer, could face a revolt over executive pay after investor lobby groups urged shareholders to vote against the company's remuneration report at its July 2 annual meeting...
18 Jun 2010
Kohlberg Kravis Roberts & Co said on Friday it would buy Intelligence Ltd, a unit of cable broadcaster Usen Corp, for 32.5 billion yen ($357 million), making it the private equity giant's first significant deal in Japan...
17 Jun 2010
Sri Lanka's government on Thursday said it plans to repurchase the majority stake of Royal Dutch Shell's local arm Shell Gas Lanka, in the second announced buyback of formerly state-owned assets in two months...
17 Jun 2010
Starwood Capital's lawyer Bruce Zirinsky said on Thursday that the fund is withdrawing its objection to the results of the auction for bankrupt hotel chain Extended Stay...
17 Jun 2010
AOL Inc will sell its Bebo social network site to private investment firm Criterion Capital Partners for an undisclosed sum, as it tries to restructure its business and deal with declining revenue...
17 Jun 2010
New British finance minister George Osborne announced the biggest shake-up of the regulatory landscape in 13 years on Wednesday as he pledged to give the Bank of England ultimate control over financial supervision...
17 Jun 2010
Bankrupt Washington Mutual Inc postponed a key hearing on Thursday, which the company's attorney said would allow more time to discuss with shareholders changes to its planned reorganization...
17 Jun 2010
Man Group's $1.6 billion takeover of GLG is likely to signal the start of a wave of mergers in a fragmented hedge fund industry still struggling to rebuild asset levels after the crisis...
17 Jun 2010
Two U.S. initial public offerings opened above their IPO prices on Thursday while a third cut its offering and delayed its pricing...
17 Jun 2010
Magna International Inc gave into regulator and shareholder demands on Thursday to provide them with more information about its controversial plan to pay its founder and chairman nearly $900 million to...
17 Jun 2010
The Treasury minister said on Thursday that government projects worth 11.5 billion pounds would be cancelled or suspended, accusing the previous Labour government of taking irresponsible spending decisions...
17 Jun 2010
Billionaire investor Carl Icahn said in a statement that the cash value of Lions Gate shares tendered through June 16 is about $109.2 million...
17 Jun 2010
U.S. banks are accelerating their push back into packaging commercial real estate loans into bonds, two years after the financial crisis ground much of the business to a halt.
17 Jun 2010
Switzerland's parliament backed a Swiss-U.S. tax treaty crucial to the future of UBS AG, ending months of uncertainty over the deal and paving the way for renewed recovery at the Swiss bank...
17 Jun 2010
Asia could account for a quarter of global solar capacity in five years, possibly overtaking the United States, if the region's policy makers continue to enact measures supporting solar use...
17 Jun 2010
British oil and gas company Fairfield Energy said it planned to raise $450-$500 million (304-337 million pounds) to build its North Sea business in a July listing on London's main market...
17 Jun 2010
EU regulators, who dropped an antitrust investigation into Qualcomm seven months ago, are looking into a complaint by a British company accusing the U.S. wireless chip firm of anticompetitive activity...
17 Jun 2010
Spain's Santander has made a bid for a network of UK branches being sold by Royal Bank of Scotland and has had conversations on merging its U.S. operations with M&T...
17 Jun 2010
European Union leaders hope to agree on ways to strengthen budget discipline and economic policy coordination on Thursday to show financial markets they can prevent a repeat of the euro zone debt crisis...
17 Jun 2010
India's drive to ramp up solar capacity may trigger a stampede of firms from Asia, Europe and North America, chasing a share of the $3.5 billion of business up for grabs by 2013 and...
16 Jun 2010
Senators on Wednesday beat back a House measure giving shareholders the power to sue third parties such as banks and accountants not directly involved in securities fraud...
16 Jun 2010
Agricultural Bank of China (AgBank), seeking to raise more than $23 billion in the world's biggest initial public offering, will launch the Shanghai portion of its IPO this week, potentially stretching market liquidity and...
16 Jun 2010
Companies are getting an "excessive" $52 billion tax break on stock options issued to their executives, new data from a U.S. Senate panel showed on Wednesday...
16 Jun 2010
HSBC Holdings will grow in profit and size in China as the powerhouse economy further opens up its capital markets and fuels growth, the group's chairman told Reuters in an interview on Wednesday...
16 Jun 2010
Abu Dhabi Commercial Bank has finalised a deal to buy Royal Bank of Scotland's UAE retail arm for around $100 million...
16 Jun 2010
Top oil exporter Saudi Arabia may mine and enrich uranium to fuel power plants if it embarks on a civilian nuclear energy programme...
16 Jun 2010
Thousands of creditors of bankrupt U.S. investment bank Lehman Brothers owed about $22 billion will be offered earlier cash payments if they are willing to accept lower valuations on their claims...
16 Jun 2010
Magna International's controversial plan to eliminate its dual-class share structure has run into another hurdle, with the Ontario Securities Commission challenging the proposal...
16 Jun 2010
Bank of America Merrill Lynch has ordered its traders not to enter into oil trades with BP Plc. that extend beyond June 2011, a market source familiar with the directive told Reuters...
16 Jun 2010
Indonesia's central bank said it would issue longer-dated debt and widen its overnight policy corridor in a bid to manage strong capital inflows and divert them away from the short end of the market...
15 Jun 2010
Saudi Telecom is looking to build on its international expansion with deals that will bring operational synergies and value for money...
15 Jun 2010
IBM said on Tuesday it plans to expand its software and services business by acquiring Coremetrics, a privately held web analytics software company that helps companies improve their marketing...
15 Jun 2010
Avis Budget said the U.S. Federal Trade Commission sought additional information on its potential acquisition of smaller rival Dollar Thrifty Automotive Group Inc...
15 Jun 2010
Nestle is suing U.S. food group Sara Lee in France for patent infringement of its Nespresso coffee system, the Swiss company said on Tuesday, aiming to protect its top-selling product...
15 Jun 2010
Polo Ralph Lauren Corp Chief Executive Ralph Lauren disclosed plans to sell more than one-quarter of his holdings in the company, in a transaction that would net him about...
15 Jun 2010
Starwood Capital Group, which recently lost an auction to buy bankrupt hotel chain Extended Stay to a group led by Centerbridge Partners, plans to fight the deal in court, according to filings...
15 Jun 2010
Rupert Murdoch's News Corp is proposing to pay $12 billion to take control of British satellite broadcaster BSkyB as it seeks to generate steadier earnings and make better use of its cash pile...
15 Jun 2010
Hedge fund firm Man Group Plc is not looking for further big acquisitions after its $1.6 billion purchase of GLG Partners last month, its chief executives Peter Clarke told Reuters...
15 Jun 2010
The company said the IPO of 11.1 million shares will be priced at $14 to $16 per share...
15 Jun 2010
For several sweltering days in August 2002, thousands of Algerians queued outside Orascom Telecom's stores to buy pre-paid cards that, for the first time, made mobile phones affordable for ordinary people...
15 Jun 2010
Brazilian meat packer Marfrig Foods said it had reached an agreement to buy major U.S. distributor Keystone Foods for $1.26 billion...
15 Jun 2010
Wal-Mart Stores began a push into Canada's financial space on Tuesday, launching a domestic bank and a rewards credit card, in what could be just the first foray by the U.S. retailer...
15 Jun 2010
U.S. commercial real estate lenders are starting to loosen standards on loans hoping to win deals, setting up a potential clash in the market still besieged by falling values and...
15 Jun 2010
Executives from other major oil companies turned on BP Plc and defended their own drilling practices during a U.S. congressional hearing on Tuesday as they sought to stave off...
15 Jun 2010
Indonesia may provide tax incentives for sukuk issues and sharia bank deposits to better compete with Malaysia, the world's top sukuk market...
15 Jun 2010
Indian real estate firm Lodha Developers is in talks with several private equity funds to sell stake in a Mumbai project to build the world's tallest residential tower, its managing director said on Tuesday…
15 Jun 2010
Sino Biopharmaceutical is selling 185 million new shares and shareholder Conspicuous Group Limited 100 million shares at HK$3.32 ($0.426) to HK$3.50 each -- a discount of 4.9 percent to 9.8 percent to the…
15 Jun 2010
News Corp branched into the digital reader market with the acquisition of Skiff, a Hearst-backed company that helps distribute newspaper and magazine content to e-readers and other devices...
14 Jun 2010
Canadian Imperial Bank of Commerce, Canada's No. 5 bank, said on Monday it agreed to buy Citigroup's C$2.1 billion ($2 billion) Canadian MasterCard business, becoming a dual credit card issues...
14 Jun 2010
Kohlberg Kravis Roberts & Co on Monday said it will join with privately-held Hilcorp Energy Co to develop that company's property in the Eagle Ford shale in south Texas...
14 Jun 2010
A placing of 58 million new shares in British energy distributor National Grid left from its 3.3 billion-pound ($4.8 billion) rights issue attracted orders for more than twice the available supply...
14 Jun 2010
Cablevision Systems announced a one-two punch to acquire Bresnan Communications for $1.37 billion and repurchase $500 million of its own stock, sending shares up 6.2 percent as investors cheered moves to...
14 Jun 2010
Japan-based IT services company NTT Data Corp said it agreed to buy New Jersey-based Intelligroup Inc for about $199 million through an all-cash tender offer...
14 Jun 2010
Oil giant BP extended falls and was down more than 10 percent on Monday afternoon, with traders citing worries about its dividend, as it faces a massive bill to clean up an oil spill in the Gulf of Mexico...
14 Jun 2010
BP said the oil spill in the Gulf of Mexico had already cost it $1.6 billion and that it would begin operating an additional mechanism to capture more crude from the leaking well in the coming days...
14 Jun 2010
CVS Caremark said it had authorized a stock buyback of up to $2 billion, an indication of confidence in its growth prospects...
14 Jun 2010
A Democratic plan to extend benefits for the jobless that would also more than double the tax rate for investment fund managers will likely get its first test on Wednesday in the U.S. Senate...
14 Jun 2010
Reliance Communications, India's second-biggest mobile operator, said on Monday its board has approved a proposal to restructure ownership of its tower unit, Reliance Infratel...
14 Jun 2010
Indonesia's Gunawan family, which controls 46 percent of PT Bank Panin, is in ongoing talks to sell its controlling $1.4 billion stake in the bank...
14 Jun 2010
The debt crisis hitting southern Europe resembles the 2007 subprime crisis more than the financial crisis following the collapse of Lehman Brothers, a report by the Bank for International Settlements said...
14 Jun 2010
The following corporate finance-related stories were reported by media on Monday...
14 Jun 2010
Turkey's TAV Airports Holding said on Monday it prequalified for a tender for operating rights of Saudi Arabia's Medina airport with Saudi Oger Holding, Al Rajhi Holding Group and Consolidated Contracting Company...
13 Jun 2010
With around $3.8 billion in public offerings pulled from the Hong Kong Stock Exchange in the last few weeks, the dead deals reveal the impact of the sharp drop in China's stock markets and the global fears…
13 Jun 2010
Fosun, China's largest non-government controlled group, has acquired 7.1 percent of holiday resort operator Club Med, the first time a quoted Chinese group has taken a direct holding in a listed French company...
13 Jun 2010
Atheeb Telecom, Saudi Arabia's first private fixed-line phone operator, said on Sunday its top executive has resigned after it accumulated losses close to 40 percent of its capital one year after...
13 Jun 2010
Egypt's Orascom Telecom is still in talks with international telecoms firms to sell some of its African assets, after negotiations with South Africa's MTN failed last week...
12 Jun 2010
Abu Dhabi's Etisalat said on Saturday it planned to invest 8 billion Egyptian pounds ($1.41 billion) in its Egyptian unit over the next three years, as it eyes growth in the market...
12 Jun 2010
Egypt's Orascom Telecom has not offered to pay the Algerian government any money and Algeria has not given up its right of first refusal on the firm's lucrative unit there...
11 Jun 2010
The deal, which will be closed by the month-end, is an all cash transaction...
11 Jun 2010
Reliance Industries, India's largest-listed conglomerate, said on Friday it will buy a 95 percent stake in Infotel Broadband Services for 48 billion rupees ($1.03 billion)...
11 Jun 2010
Motorola Inc and BlackBerry maker Research In Motion Ltd have reached a technology licensing agreement, ending more than two years of litigation with each other, the companies said on Friday...
11 Jun 2010
Copper and oil prices could leap on strong industrial demand in coming months and gold may rise further on inflation-linked buying, suggesting a new wave of gains for commodities...
11 Jun 2010
Lloyd's of London insurer Brit Insurance confirmed it had rejected a 770 million pound indicative cash offer from U.S. buyout firm Apollo, and said it was holding out for a higher bid...
11 Jun 2010
British energy giant BP is weighing its options to cut or defer its second-quarter dividend, as it faces growing public anger over its handling of massive oil spill in the U.S. Gulf Coast...
11 Jun 2010
EU competition regulators will decide by July 15 whether to clear or block a planned $8 billion merger between British Airways and Spain's Iberia, the European Commission said on Friday...
11 Jun 2010
Tax cuts could boost Hungary's growth and make its finances more sustainable but the government must first deliver on budget goals to regain investor confidence shaken by ill-worded comparisons with Greece...
10 Jun 2010
Cornerstone investors for AgBank's Hong Kong-listed H-share offering are expected to invest between $100 million and $1 billion each, the sources said. Interested sovereign funds, which also include...
10 Jun 2010
Carlsberg, the world's fourth-biggest brewer, said on Thursday it would increase its stake in CBC to 29.71 percent from 17.46 percent…
10 Jun 2010
The U.S. Securities and Exchange Commission, which charged Goldman Sachs Group Inc with fraud in April, is investigating another mortgage-linked deal once pitched by the Wall Street firm, the Financial Times reported...
10 Jun 2010
Securities regulators approved new so-called circuit breakers on Thursday in an attempt to prevent a repeat of the still-unexplained May 6 stock market drop...
10 Jun 2010
South Africa's Life Healthcare, which made its stock market debut on Thursday, has teamed up with the World Bank's IFC private sector financing arm to help fund a move into foreign markets...
10 Jun 2010
GlaxoSmithKline stepped up its drive into emerging markets on Thursday with the acquisition of Argentina's Laboratorios Phoenix for $253 million...
10 Jun 2010
Citigroup has caught the eye of hedge fund manager William Ackman because he expects the financial services company to soon be able to return billions to its shareholders and to enjoy big tax benefits...
10 Jun 2010
Suspicious market activity preceded almost a third of UK takeovers last year, the highest level for five years, the financial watchdog said on Thursday as it vowed a far more aggressive enforcement policy...
10 Jun 2010
Canadian firm ARC Energy Trust has agreed to pay about C$680 million ($652 million) to buy Storm Exploration Inc, which has assets near ARC's Dawson field, identified as...
10 Jun 2010
Space Systems/Loral Inc filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock...
10 Jun 2010
The Australian government plans to announce major changes to its proposed resources profit tax in coming days, a newspaper reported on Friday, but Prime Minister Kevin Rudd...
10 Jun 2010
Indian utility Reliance Power has signed an agreement with Indonesia's Sugico Group to acquire three coal mines for an upfront payment of 5 billion rupees ($106 million)...
10 Jun 2010
Merger and acquisition activity in the defense industry is heating up, and is expected to far surpass the deal volume last year as larger companies target smaller ones with niche technologies...
10 Jun 2010
The competition watchdog launched a probe into equity underwriting fees, after companies expressed concerns about what is one of the biggest money-spinners for investment banks...
10 Jun 2010
Private equity firm Better Capital said it would raise gross proceeds of up to 67.6 million pounds through a share sale...
10 Jun 2010
European hedge funds betting on the fallout from unforeseen events were among a small band of winners in a stormy May for investors, and they predict things could get worse rather than better over the next three months...
9 Jun 2010
South Korea's Woori Investment & Securities is set to launch a unit in China by the end of the year as part of a push to expand its global presence and strengthen its Asia business, its CEO said on Tuesday…
9 Jun 2010
Sources directly involved with the offering said sovereign funds, including China Investment Corp (CIC), Qatar, Kuwait and Temasek, were seen as likely buyers of pre-IPO stakes in AgBank, along with…
9 Jun 2010
Goldman Sachs Group Inc agreed to pay a $10 million fine and stop giving favored clients trading ideas developed at internal gatherings known as "trading huddles"...
9 Jun 2010
South Africa's MTN Group has ended talks with Egypt's Orascom Telecom about a potential acquisition, sinking a deal that could have created the world's third-largest mobile operator...
9 Jun 2010
The Syrian finance minister said on Wednesday he would speak with managers of big Turkish banks to look into setting up joint banks in Syria, further strengthening economic ties between the two countries...
9 Jun 2010
South Africa sees growing opportunities for trade with other developing countries as new economic powerhouses emerge and Europe is engulfed by economic and currency weakness...
9 Jun 2010
AutoNavi Holdings Ltd, a provider of digital map content and navigation in China, filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of...
9 Jun 2010
Bharti Airtel will offer affordable rates in Africa to boost usage, but has no plan for a price war, a top company executive said on Wednesday, a day after the firm completed a deal to buy the African assets of Kuwait's Zain...
9 Jun 2010
Google Inc said on Wednesday recent changes to Apple's developers agreement would effectively cripple Google's advertising tools for the iPhone, creating "artificial" barriers to competition...
9 Jun 2010
Private Turkish banks are interested in setting up joint ventures with private Iraqi banks, Iraq's finance minister said on Wednesday...
9 Jun 2010
Holders of trade claims of bankrupt Visteon Corp are stepping up their fight against the auto parts maker's reorganization, which they said would pay similar creditors in full while giving them 50 cents on the dollar...
9 Jun 2010
An Australian hedge fund is suing Goldman Sachs Group Inc over an investment in a subprime mortgage-linked security that hastened the fund's demise in 2007, a lawyer for the fund said...
9 Jun 2010
Egypt's Raya Holding said on Tuesday it is to build a second data centre in the country for GPX Global Systems Inc, which aims to provide Internet exchanges and data centres for firms in the Middle East...
9 Jun 2010
U.S. drug wholesaler Cardinal Health Inc will buy privately held Healthcare Solutions Holding LLC for more than $500 million to expand its business in the fast-growing area of specialty medicines...
9 Jun 2010
CVS Caremark Corp said on Wednesday it was removing Walgreen Co from its pharmacy benefits manager business, saying it had tried to negotiate with its rival to no avail, and that Walgreen had...
9 Jun 2010
Pacific Ethanol Inc, a producer of low-carbon renewable fuels, said on Wednesday that the plan of reorganization for its Pacific Ethanol Holding Co LLC unit had been confirmed...
9 Jun 2010
Banco Santander said it was to pay $2.5 billion for the 24.9 percent of Santander Mexico it does not own, showing the Spanish bank's expansion ambitions have not been dampened by a raft of buys in the past 18 months...
9 Jun 2010
Monsanto Co. said on Wednesday its board of directors approved a $1 billion three-year share repurchase program as the company works to revitalize its product offerings and...
9 Jun 2010
Aluminum Corp of China could be forced to call off its $2.5 billion Aurukun bauxite and alumina refining projects in Australia if a proposed mining tax is introduced...
9 Jun 2010
UK Commercial Property Trust is taking over F&C Commercial Property Trust to create Britain's sixth-largest listed property company, worth about 1.6 billion pounds ($2.5 billion)...
9 Jun 2010
Spanish banks are being frozen out of the European interbank market, and only the biggest Spanish entities are managing to finance themselves, according to a report in newspaper Cinco Dias...
9 Jun 2010
Egypt's telecoms regulator will take further legal action to lower the fee Egypt's landline monopoly Telecom must pay to connect fixed-line calls to mobile phones...
9 Jun 2010
Some of Prudential's largest investors will demand a shake-up of the company's leadership over its handling of a botched $35.5 billion bid to takeover AIG's Asian unit, British media reported on Wednesday...
9 Jun 2010
Egypt's Industrial Development Authority has given ArcelorMittal, the world's largest steel maker, an August deadline to start building work on a steel plant or lose its licence...
9 Jun 2010
France's Total, Spain's Abengoa and the United Arab Emirates's Masdar will build a 100 megawatt concentrated solar power (CSP) plant southwest of Abu Dhabi...
9 Jun 2010
Allscripts-Misys Healthcare Solutions Inc, which provides electronic health record systems to doctors, will buy its peer Eclipsys Corp for about $1.35 billion (937.24 million pounds) in stock...
9 Jun 2010
Asia stocks and euro struggle on debt worries...
8 Jun 2010
An executive with the Agricultural Bank of China on Wednesday dismissed as "nonsense" reports that its government shareholders were pushing it to postpone its planned share issue due to weak market conditions...
8 Jun 2010
iPhone maker Foxconn International Holdings Ltd said it will seek higher prices from clients to help offset wage increases at a plant in southern China that has been hit by a series of suicides...
8 Jun 2010
Bharti Airtel has completed its $9 billion acquisition of African operations from Kuwait's Zain in a deal that makes the Indian firm the world's fifth biggest cellphone company by subscribers...
8 Jun 2010
Lehman Brothers Holdings Inc is seeking Bankruptcy Court permission to make another $255 million debt investment in a New York office building, saying doing so would protect its existing investment...
8 Jun 2010
Airbus landed a record $11 billion order for superjumbos from Dubai's Emirates, the Arab world's largest airline, as the carrier shook off the risk of another recession and struck a blow to its older European rivals
8 Jun 2010
Medical device company Tornier B.V. filed with the U.S. regulators on Tuesday to raise up to $205 million in an initial public offering...
8 Jun 2010
Harrah's Entertainment Inc, the world's largest casino operator by revenue, said on Tuesday that it believes Macau could allow new entrants to its local gambling market...
8 Jun 2010
Foxconn International confirmed on Tuesday another salary rise for staff on its Shenzhen production lines but said it was not clear how the adjustment would impact its 2010 operating results...
8 Jun 2010
The first shot to be fired at Europe's 21st century army plane came not from the barrel of a gun but a safety inspector's clipboard. In 2008, weeks after the first A400M troop transporter rolled off a...
8 Jun 2010
Swiss engineering group ABB is buying UK-based Chloride Group for an agreed 860 million pounds ($1.25 billion), as it seeks to improve its automation offering...
7 Jun 2010
Costs for upstream oil projects are likely to rise after the BP Gulf oil spill, a senior executive at Malaysia's national energy firm Petronas said on Tuesday...
7 Jun 2010
Russian miner Petropavlovsk said it continues to explore strategic options for its iron ore operations, including a possible listing in Hong Kong, as it seeks to gain a better valuation for the business…
7 Jun 2010
The maker of Diet Pepsi, Sierra Mist and Tropicana juice, and its partner Strategic Beverages (Thailand) Co Ltd, now own 50.1 percent of Serm Suk after buying 658 million baht ($20 million) in a tender offer launched April 30…
7 Jun 2010
French carmaker Renault SA confirmed it had submitted a letter of intent to buy South Korean SUV maker Ssangyong Motor, together with Japanese partner Nissan and South Korean subsidiary Renault Samsung Motors...
7 Jun 2010
Abu Dhabi's Etisalat is looking at a deal with Reliance Communications as it mulls its options in India, while media reports named U.S. telecoms giant AT&T as another potential investor in India's No. 2 mobile player...
7 Jun 2010
UAE-based budget airline Air Arabia said on Monday it signed an agreement to launch Jordan's first low-cost carrier and announced its fourth regional hub, as the airline continues its expansion plans...
7 Jun 2010
Ford Motor Co plans to apply for a license to establish and operate a bank in Canada that would offer guaranteed investment certificates to institutional investors through brokers, the company said...
7 Jun 2010
Swire Pacific launched a HK$9.4 billion ($1.2 billion) bid for Hong Kong Aircraft Engineering Co Ltd on Monday after agreeing to buy out Cathay Pacific Airways' remaining stake in the firm...
7 Jun 2010
The Canadian government will release a consultation paper shortly that will outline ways to increase foreign investment in the country's telecom sector, Industry Minister Tony Clement said on Monday...
7 Jun 2010
Coca-Cola Co will pay $715 million to distribute drinks from Dr Pepper Snapple Group, which had earlier reached a similar, but pricier arrangement with PepsiCo...
7 Jun 2010
Marsh & McLennan Cos Inc said on Monday that it plans to sell Kroll, a risk consulting firm, to Altegrity in a $1.13 billion deal...
7 Jun 2010
A clutch of small investors are suing the top three global ratings agencies over losses from Lehman investment products in the first cases of their kind in Germany, their lawyer told Reuters...
7 Jun 2010
Bank of Communications said on Monday it could still meet its capital needs after slashing its fundraising plan to take account of weak markets, in a move that bodes ill for rival AgBank's giant IPO...
7 Jun 2010
Casual dining chain LRI Holdings Inc. filed with U.S. regulators on Monday to raise up to $200 million in an initial public offering...
7 Jun 2010
JPMorgan Securities is selling the largest new commercial mortgage-backed securities offering since issuance in the CMBS market began to recover late last year with its upcoming...
7 Jun 2010
Bank of America Corp has agreed to pay $108 million to settle government charges that its Countrywide unit, the mortgage lender that became synonymous with risky lending practices...
7 Jun 2010
Spain's Grifols has agreed to buy U.S.-based Talecris Biotherapeutics, which makes plasma-based protein therapies, for $3.4 billion in a bold move to expand its business in blood-derived products...
6 Jun 2010
Preliminary figures show that the bank appears to be in relatively good health, a remarkable turnaround considering it was technically insolvent in 2007. Still, China's last major lender to go…
6 Jun 2010
Trading in shares of Swire Pacific, Cathay Pacific Airways and Hong Kong Aircraft Engineering Co Ltd was suspended on Monday, the Hong Kong exchange said...
6 Jun 2010
German sporting goods maker Puma would consider further acquisitions if any potential target complements its products, Chief Executive Jochen Zeitz told a German newspaper Sueddeutsche Zeitung...
6 Jun 2010
Iran hopes to finalise a deal this week for a much-delayed pipeline to export natural gas to Pakistan by 2015...
6 Jun 2010
UK insurer Prudential is not considering a renewed attempt to buy AIG's Asian life unit, a spokesman for the company said on Sunday, denying a media report that a fresh takeover proposal was in the works...
6 Jun 2010
Yemen's Total-led liquefied natural gas (LNG) plant will hit full capacity in weeks and will turn a profit in 2010 by diverting cargo to more attractive markets, its general manager said...
5 Jun 2010
The Kremlin's oil arm aims to expand its presence in the Middle East, including Iraq, after signing up to a ground-breaking gas project with a United Arab Emirates energy firm...
5 Jun 2010
Libya's LAP Green Networks is to buy 75 percent of Zambian fixed-line phone operator Zamtel for $257 million...
4 Jun 2010
Pay-TV firm BSkyB has agreed to buy Virgin Media's basic channels as the two former fierce rivals develop strategies to compete with the soon-to-arrive free Internet-connected TV services...
4 Jun 2010
British bank HSBC said it is in talks that could lead to five separate management buyouts of its private equity fund management businesses, as banks go back to focusing on core operations...
4 Jun 2010
Brazil's central bank chief said on Friday he was confident of keeping a lid on inflation and that the country was contributing to global recovery with its sustained economic growth...
4 Jun 2010
With sales of web-based business software soaring, companies that focus on cloud computing are slipping into a sweet spot as technology giants look to bolster their presence in this fast-growing segment...
3 Jun 2010
Indonesia's state-controlled PT Telekomunikasi Indonesia (Telkom), said on Friday it expects a tower deal with Singapore Telecommunications (Singtel) to be completed this year...
3 Jun 2010
Sources with direct knowledge of the matter said the China Securities Regulatory Commission (CSRC) will release AgBank's preliminary prospectus late on Friday, which would offer key financial information on the company, not seen since the bank's year-end report in 2008…
3 Jun 2010
Washington Mutual Inc's effort to exit bankruptcy encountered a setback on Thursday when the judge in the case ordered the company to talk further with shareholders about their requests for documents...
3 Jun 2010
Several large investors in Elan Corp Plc are urging the company to delay a planned spin-off of its drug delivery business, arguing the company could extract more value from the unit by waiting...
3 Jun 2010
Rothschild, which unveiled a senior hire to boost its North American business, is making the best of a steep downturn in mergers and acquisitions (M&A) on its European home turf...
3 Jun 2010
The jarring "flash crash" on May 6 yielded a record trading day at TD Ameritrade Holding Corp, though some of its customers were upset with the market breakdown that day, the U.S. online brokerage's chief said...
3 Jun 2010
BNP Paribas and the Colakoglu Group, the majority shareholder in Turkey's TEB, signed a memorandum of understanding for the merger of TEB and Fortis Bank's Turkish unit Fortis Bank AS...
3 Jun 2010
Algeria's government cannot give a timetable for resolving a dispute over Orascom Telecom's Algerian unit Djezzy...
3 Jun 2010
U.S. investment bank JPMorgan Chase & Co has been fined a record 33.32 million pounds ($49.12 million) in Britain for failing to protect billions of dollars of client money over almost seven years...
3 Jun 2010
Prudential confirms AIG deal terminated. Insurer Prudential on Thursday confirmed its agreement to buy American International Group's Asia life insurance unit had been terminated and said it would pay...
3 Jun 2010
As part of the Company's planned expansion into Hong Kong and other parts of Asia, The Amergence Group announced today that it has concluded an agreement with PanPacific Business to...
3 Jun 2010
The world's first Ferrari theme park, inspired by the luxury Italian sports car and racing teams, opened its gates in Abu Dhabi on Wednesday for a sneak preview before its official opening in October...
3 Jun 2010
Malaysian lender Affin Holdings has become a stumbling block in billionaire Quek Leng Chan's $1.6 billion plan to create the country's fourth-largest banking group...
3 Jun 2010
United Parcel Service Inc said on Thursday that it had formed an alliance with PosLaju, a Malaysian courier company...
3 Jun 2010
Egypt's Orascom Telecom is in talks to sell some of its assets to South Africa's MTN and has said it will negotiate to sell its lucrative Djezzy unit to Algeria's government...
3 Jun 2010
Israel is poised to become an energy exporter after finding much higher than expected natural gas reserves off its Mediterranean coast...
3 Jun 2010
In April, Hospira agreed to acquire Javelin for $145 million in cash, but on May 19, it extended the tender offer to June 2...
3 Jun 2010
Nielsen Holdings B.V., the world's largest TV and consumer measurement company, filed with U.S. regulators to raise up to $1.75 billion (1.2 billion pounds) in an initial public offering...
3 Jun 2010
The daily Le Monde, one of France's most respected newspapers, is set to lose its prized independence in coming weeks as mounting losses force it to call in an outside investor...
3 Jun 2010
Singapore Exchange said on Thursday it will invest S$250 million ($178.4 million) in a new trading engine to lower costs for overseas customers and encourage them to trade more regularly through the exchange...
3 Jun 2010
Two big pension plans came out swinging on Thursday against a plan that would pay the colorful founder of auto parts maker Magna International nearly $900 million to cede control...
3 Jun 2010
Britain's regulator lost its first criminal case for insider dealing on Thursday as a jury acquitted a lawyer and a finance director of wrongdoing and a second lawyer had charges against him dropped...
3 Jun 2010
Global miner Xstrata threatened to scrap $5.4 billion in Australian coal and copper projects, blaming a new mining tax and taking the value of new developments put on hold to above $20 billion in just a month...
3 Jun 2010
The head of Britain's biggest union said tougher anti-union laws are certain under Britain's new government and will trigger confrontation with workers already angered by proposed spending cuts...
3 Jun 2010
The No. 2 Indian mobile operator is ready to sell a stake in the company to raise funds to finance its foray into 3G mobile and wireless broadband access, the newspaper said, citing a person familiar with the plans…
2 Jun 2010
Billionaire investor Warren Buffett distanced himself from embattled credit rating agencies, saying they have lost some of their appeal as an investment amid criticism over their role in propelling the financial crisis...
2 Jun 2010
SonicWALL Inc agreed on Wednesday to be bought by an investor group led by private equity firm Thoma Bravo in a deal the IT security company valued at about $717 million...
2 Jun 2010
The dramatic unravelling of UK insurer Prudential's bid for AIG's Asian life unit heralds an era of aggressive shareholders taking boards to task, contrasting with the all-bark-no-bite attitude of the past...
2 Jun 2010
The chairman of Egypt's Orascom Telecom, whose company has a management contract with one of Lebanon's mobile telecoms firms, said the Lebanese telecommunications sector had to be privatised...
2 Jun 2010
The Hinduja Group plans an $800 million to $1 billion Saudi initial public offering (IPO) this year of lubricants maker Petromin...
2 Jun 2010
South Africa's MTN has offered to pay $7.8 billion for Orascom Telecom's lucrative Algerian unit Djezzy, Orascom's chairman said on Wednesday, putting a price to a deal blocked by Algeria...
2 Jun 2010
Brazilian steelmaker Gerdau offered to pay up to $1.7 billion to take full ownership of its North American unit, looking to reduce borrowing costs and increase efficiency...
2 Jun 2010
The world's largest generic drug maker, Teva, on Wednesday asked a U.S. court to resolve a dispute over its unexpectedly swift introduction to the United States of a generic version of Bayer's YAZ birth control pill...
2 Jun 2010
Abu Dhabi's Etisalat could decide within weeks whether to take a stake in an Indian telecoms operator...
2 Jun 2010
Digital Realty Trust Inc agreed to buy a five-property data center portfolio for $725 million, and said it expects the deal to add to its fiscal 2010 funds from operations...
2 Jun 2010
The lack of a deal between Azerbaijan and Turkey in protracted talks over the transit of Caspian gas threatens an energy supply route for European markets...
2 Jun 2010
Canadians will be allowed to copy legally acquired music to their iPods and computers but barred from getting around digital locks, according to draft copyright legislation unveiled...
2 Jun 2010
In a reversal of the classic picket-line clash, Chinese workers at a Honda auto parts plant held out for higher wages this week while men in yellow caps from the government-backed union...
2 Jun 2010
Franklin Templeton's Middle East North Africa (MENA) fund is focusing on local companies that have regional rather than global exposure given the turmoil rocking the worldwide economy...
2 Jun 2010
Dubai Islamic Bank, which owns a stake in Tamweel, may take over the troubled United Arab Emirates (UAE) mortgage lender and is in talks with...
2 Jun 2010
UK insurer Prudential Plc is pulling out of its bold $35.5 billion takeover of AIG's Asian life insurance arm, ending a 3-month battle with shareholders who had argued the deal was over-priced...
2 Jun 2010
Agricultural Bank of China may struggle to get the kind of valuation it wants as it gears up to launch the world's biggest IPO into a market that has slumped by a fifth in just six weeks...
2 Jun 2010
Taiwan's publicly invested companies, worth about $100 billion to the central budget, have started selling to China in one of the strongest signs of trust between two governments after decades of hostilities...
2 Jun 2010
Fund management house Jupiter on Wednesday set a price range of 150-210 pence for its London listing, valuing the company between 718 million and 868 million pounds...
2 Jun 2010
Prudential withdrawing from $35.5 billion AIA deal...
2 Jun 2010
Telecom Egypt has the right of first refusal to buy Vodafone's stake in its Egyptian unit if the British mobile operator decided to sell...
2 Jun 2010
Among the key points under discussion in the world's most active IPO market is how much the company will float and what kind of valuation AIA could get from the offering…
1 Jun 2010
Emirates Telecommunications Corp is in advanced talks to buy a quarter of Indian mobile carrier Reliance Communications for 180 billion rupees ($3.8 billion)...
1 Jun 2010
Prudential Plc said on Wednesday it is withdrawing from its effort to buy AIG's Asian life insurer, an expected move by the U.K. group after AIG turned down a $30.4 billion offer for the company...
1 Jun 2010
Billionaire Carl Icahn said he would launch a proxy battle for control of the board of Lions Gate Entertainment Corp as the studio posted a narrower-than-expected loss on Tuesday...
1 Jun 2010
The cable television unit of Emirates Telecommunications Corp is considering to expand abroad from next year as the domestic market becomes saturated...
1 Jun 2010
Covidien Plc plans to acquire ev3 Inc for $2.6 billion to boost its business in stents and other vascular devices, underscoring the favorable deal climate in the medical technology industry...
1 Jun 2010
Porter Aviation Holdings Inc, an upstart regional challenger to Canada's major airlines, said on Tuesday it was suspending plans for an initial public stock offering...
1 Jun 2010
Fifteen years ago, New York native Taha Abdul-Basser had a set plan for his future. The Harvard student was double majoring in pre-med and comparative religions with the expectation that he...
1 Jun 2010
A Manhattan federal judge said on Tuesday it is unfair to hold Moody's Investors Service and Standard & Poor's liable as "underwriters" on securities offerings needing their ratings...
1 Jun 2010
The head of the Financial Accounting Standards Board, which sets U.S. accounting rules, said on Tuesday he does not expect FASB to meet a June 30, 2011 deadline for...
1 Jun 2010
Goldman Sachs Group Inc, seeking a consulting mandate from Calpers, assured the pension fund giant in March that it was not "the target of a formal investigation,"...
1 Jun 2010
Auto parts supplier Visteon Corp rejected an unsolicited $1.25 billion bid from Johnson Controls Inc for most of its assets, saying it would stick to its own plan for emerging from bankruptcy...
1 Jun 2010
The head of the Financial Accounting Standards Board, which sets U.S. accounting rules, said on Tuesday he does not expect FASB to meet a June 30, 2011 deadline for convergence with...
1 Jun 2010
Housing developer NVR Inc has sued bankrupt rival Orleans Homebuilders Inc for breach of contract and sought to recover termination fees related to a failed takeover bid...
1 Jun 2010
Upscale store chain Barneys New York does not expect its parent Istithmar to explore a sale or any other transaction involving the company's ownership structure...
1 Jun 2010
Dubai Holding's main unit said it may resort to asset sales to deal with its debt after posting a $6.2 billion loss for 2009, sending shares in Dubai tumbling as the market reacted to the latest setback for...
1 Jun 2010
Telecom Egypt ended talks to increase its 45 percent stake in Vodafone's Egypt unit without a sale, the two companies said on Tuesday, narrowing the Egyptian landline monopoly's mobile prospects...
1 Jun 2010
The Azrieli Group raised less than it wanted in the first phase of its initial public offering, saying that the aftermath of Israel's interception of a floatilla that killed nine activists sapped demand in the IPO...
1 Jun 2010
Zipcar Inc, a car-sharing service popular among college students and city dwellers, filed for an initial public offering worth as much as $75 million...
1 Jun 2010
Chinese Internet firm Shanda Interactive Entertainment Ltd entered into an asset sale agreement with Hurray Holding Co Ltd to buy its recorded music and wireless value-added services business...
1 Jun 2010
Prudential's bid for rival AIG's Asian unit appeared close to collapse after AIG rejected the British insurer's lowered offer of $30.38 billion in cash and shares...
1 Jun 2010
National Australia Bank, AXA SA and takeover target AXA Asia Pacific have extended their $11.5 billion acquisition agreement to July 15, giving NAB time to overcome regulatory hurdles to close the five-month saga...
1 Jun 2010
This year, when key World Cup matches kick off, many workers will be at the office, owing to a schedule of weekday games and the time difference with host nation South Africa...
1 Jun 2010
Feuding within the ruling African National Congress, the World Cup, regular violent public service protests and power supply problems could all affect investor sentiment in South Africa...
1 Jun 2010
The offering will test the appetite for renewable energy firms in a market heavy with property and financial companies. The Hong Kong stock exchange said earlier this year it would mine mainland Chinese and….
1 Jun 2010
Dubai Holding's main unit posted a $6.2 billion loss for 2009 and said it may resort to asset sales, sending shares in Dubai sharply lower, in the latest setback to the emirate's troubled finances...
1 Jun 2010
The European Commission said on Tuesday it had opened an in-depth investigation into the $1.3 billion (895.2 million pounds) bid by Anglo-Dutch consumer goods giant Unilever's for Sara Lee Corp's personal care brands...
1 Jun 2010
Egyptian mobile group Orascom Telecom said on Tuesday the Algerian government had agreed to start talks for the sale of Orascom's Algerian unit Djezzy, its main cash earner...
1 Jun 2010
Sukuk issuers in Asia are likely sell at least 10-20 percent more of Islamic paper this year with the European debt crisis seen having limited impact on Asia's growth prospects...