NEWS
July 2011
29 Jul 2011
Britain's consumer watchdog confirmed plans for a competition probe into the Big Four accountancy firms' stranglehold over the market for blue-chip company audits…
29 Jul 2011
The head of Belgium's largest telecoms operator, Belgacom, has been indicted on corruption charges related to the sale of a building…
29 Jul 2011
China's securities regulator on Friday approved a plan by Sinohydro Group Ltd, the builder of the Three Gorges dam, to raise more than $2.5 billion in…
29 Jul 2011
India raised the ownership trigger for a mandatory takeover offer in a company to 25 percent from 15 percent now, a move that could draw more private equity…
29 Jul 2011
Top banks in the European Union will have to tell their supervisors how many staff earn more than a million euros a year, draft proposals showed on Thursday…
29 Jul 2011
The former chief executive officer of a New York-based brokerage has agreed to pay $250,000 and cooperate in an ongoing multi-state investigation…
29 Jul 2011
The U.S. futures regulator said on Thursday it will hold its next rule-making meeting on Aug 4 to discuss three more rules it expects to finalize to implement the Dodd-Frank…
29 Jul 2011
Vodafone shareholders will get $3.3 billion from a long-awaited Verizon Wireless dividend, raising hopes for regular payouts from…
29 Jul 2011
Sri Lanka's Amana Bank on Friday said it will next week start the operations of the island nation's first sharia-compliant commercial bank with the opening of 14 branches across the country…
29 Jul 2011
Canada's Supreme Court will decide on Friday whether the federal government should be partly liable for damages...
29 Jul 2011
Long-term investors are losing patience with companies that fail to maximize value as the slowing recovery whittles away returns...
29 Jul 2011
Rating agency Moody's put Spain on review for a possible downgrade on Friday, adding to concerns that a Greek rescue package has done little to halt the spread of Europe's debt crisis...
29 Jul 2011
A former portfolio manager at billionaire Steven A. Cohen's hedge fund was sentenced on Friday to 2-1/2 years in prison, after pleading guilty to insider trading in...
29 Jul 2011
Bank of America and two former executives lost a bid on Friday to dismiss securities fraud claims alleging they misled investors about the bank's 2008 acquisition of...
29 Jul 2011
BSkyB will hand out 1 billion pounds ($1.6 billion) to placate investors who lost out after News Corp bowed to public fury over a hacking scandal and dropped...
29 Jul 2011
Australian brewer and takeover target Foster's on Friday did not rule out takeover talks with suitor world No.2 SABMiller, but said the spurned $10.4 billion (6.3 billion pounds) offer was so low it was not worth discussing...
29 Jul 2011
In a further blow to Rupert Murdoch, a $2 billion takeover bid by an Australian pay-TV business part-owned by his News Corp…
28 Jul 2011
Top Japanese banks are looking to expand their footprints in markets as far apart as Vietnam, Brazil and Malaysia as they seek to counter poor demand for loans at home and benefit from a strong currency...
28 Jul 2011
The city of Vallejo, California, won court approval on Thursday for its financial plan to exit bankruptcy protection, according to an attorney for the city…
28 Jul 2011
A school district in the town named for chocolate king Milton Hershey went to court on Thursday to argue that his sweet dream of funding education was ignored by a…
28 Jul 2011
Videogame maker Electronic Arts has won U.S. antitrust approval to buy PopCap Games, the Federal Trade Commission said on Thursday...
28 Jul 2011
Banks in the European Union should spell out clearly their exposures to sovereign debt in their upcoming quarterly earnings reports, the bloc's markets watchdog said on Thursday...
28 Jul 2011
Canadian pension fund Ontario Municipal Employees Retirement System has agreed to buy Scotland-based shipping services company V.Group for $520 million...
28 Jul 2011
Swish bank UBS said on Thursday it has set up an asset management unit in Beijing to tap China's rapidly-growing $650 billion private equity market...
28 Jul 2011
Oracle Corp is buying a tiny maker of software used in customer service call centers as it looks to bolster its offerings that compete with Salesforce.com Inc...
28 Jul 2011
Reinsurance company Transatlantic Holdings Inc said on Thursday it sued its unsolicited suitor Validus Holdings Ltd and rejected its offer as "inferior and highly conditional"...
28 Jul 2011
Banks accused of failing to detect Bernard Madoff's fraud won a big court victory as a Manhattan federal judge rejected efforts by the trustee seeking money for…
28 Jul 2011
Fortune Brands Inc announced a tender offer on Thursday for up to $1 billion of debt using funds from the company's planned sale of its Acushnet golf business...
28 Jul 2011
A British prop designer who makes replicas of the menacing Stormtrooper helmets featured in Star Wars films won a legal battle Wednesday against director George Lucas...
28 Jul 2011
If you want to know why tax from surging corporate profits isn't making much of a dent in the United States' crippling budget deficit, a glance at Microsoft Corp's recent results provides some clues...
28 Jul 2011
Miner Xstrata has made an all-cash bid for privately held Canadian miner First Coal Corporation, it said on Thursday, with an offer valuing the firm at $153 million...
27 Jul 2011
Indian tour operator Cox & Kings Ltd will buy British specialist travel company Holidaybreak for 312 million pounds ($511.3 million) in cash, helping it meet the growing demand for education travels...
27 Jul 2011
Diageo Plc, the world's biggest spirits group, agreed on Wednesday to pay more than $16 million to settle U.S. civil regulatory charges that...
27 Jul 2011
A European Union watchdog spelt out on Wednesday safety measures firms must take to limit risks from ultra fast share trading, stopping short of actual curbs…
27 Jul 2011
Brazil's government, struggling to contain a rally in the country's currency, will impose additional taxes on trading of derivatives contracts and will rework regulation of the market…
27 Jul 2011
A FINRA securities industry arbitration panel ordered units of Merrill Lynch to pay $8.1 million in compensatory damages to Staton Family Investments Inc for breach of fiduciary duty…
27 Jul 2011
The regulator for Fannie Mae and Freddie Mac sued UBS AG, accusing the Swiss bank of misleading the housing agencies into buying risky mortgage debt...
27 Jul 2011
A subsidiary of fallen Wall Street bank Lehman Brothers lost its final battle to overturn a key UK ruling over a swap dispute with Australian creditors in...
27 Jul 2011
The operator of the Nasdaq Stock Market is "under constant attack" from would-be hackers and will spend more on security as a result, its top executive said...
27 Jul 2011
Private equity investment in India is accelerating, as rising borrowing costs and dormant public markets in Asia's third-largest economy push companies to cut deals with buyout firms in return for much-needed cash injections...
27 Jul 2011
For more than three years, U.S. securities regulators investigated allegations of accounting fraud at a small telecom firm called China Voice Holding Corp, but could not make a case...
27 Jul 2011
German companies have long been banking on Chinese consumers to fuel earnings growth, and now they are looking to enlist the country's estimated 90 million investors as shareholders…
27 Jul 2011
Former Lehman Brothers Holdings Inc executives, directors, auditors and underwriters lost their bid on Wednesday to dismiss an investor lawsuit seeking to hold them responsible for...
27 Jul 2011
A New York-based law firm is waging a creative legal battle to block AT&T Inc's $39 billion takeover bid for T-Mobile USA...
27 Jul 2011
Logistics and supply chain solutions provider ADS Tactical Inc terminated its initial public offering because of adverse market conditions...
27 Jul 2011
Executives from U.S. credit rating agencies are expected to face sharp congressional scrutiny on Wednesday for their companies' roles in the financial crisis and the U.S. debt ceiling debate...
27 Jul 2011
French market research company Ipsos plans to buy Synovate, a unit of British marketing firm Aegis Group...
27 Jul 2011
UBS AG won a U.S. judge's order transferring a $550 million lawsuit by the trustee seeking money for victims of Bernard Madoff's fraud to federal district court from bankruptcy court...
27 Jul 2011
Insurer Lancashire said on Wednesday it would move its tax base from Bermuda to Britain as it reported forecast-beating quarterly profit thanks to limited exposure to recent natural disasters...
27 Jul 2011
Spain's Banco Santander SA took a surprise hit to cover mis-selling of UK insurance policies, cleaning up its British arm's balance sheet ahead of an expected flotation next year...
27 Jul 2011
Blackstone Group LP will invest 5 billion rupees ($111 million) in Indian power producer VISA Power, the private equity firm said on Wednesday...
27 Jul 2011
Spain and Italy paid a high price to sell short-term debt on Tuesday, compounding investors' concern that last week's bailout package for Greece left the euro zone's debt crisis unresolved...
27 Jul 2011
Dunkin' Brands has raised $422.75 million after pricing its IPO at $19 per share, well above the range set by underwriters, signaling strong demand for this week's biggest deal...
26 Jul 2011
The Irish government was granted a High Court order on Tuesday for the recapitalisation of Irish Life & Permanent, effectively nationalising the bancassurer with an immediate injection of 2.7 billion euros in state funds...
26 Jul 2011
DryShips Inc , a Greece-based dry cargo shipper, said it would acquire smaller rival OceanFreight Inc for $118 million to increase the number of large ships in its fleet when…
26 Jul 2011
Chinese computer maker Lenovo secured EU approval on Tuesday to purchase German electronics retailer Medion AG to reinforce its presence in Europe…
26 Jul 2011
Car maker Daimler and British aero engine maker Rolls-Royce secured unconditional European Union approval on Monday to purchase Tognum in a bid valuing…
26 Jul 2011
The Philippines' main tax agency issued rules on taxation of real estate investment trusts (REITs), including a 12 percent value added tax (VAT) on transfer of assets…
26 Jul 2011
Accounting debacles at U.S.-listed Chinese companies have prompted a surge of securities fraud lawsuits, but investors might have trouble recouping their losses…
26 Jul 2011
Concern over Fiat SpA's ballooning debt dragged its stock lower on Tuesday as the Italian carmaker moved a step closer toward a full merger with Chrysler Group LLC by outlining plans for a single management team...
26 Jul 2011
U.S. securities regulators adopted rules on Tuesday that could help them investigate a future flash crash by better tracking the activities of large traders like banks, hedge funds and big proprietary trading companies...
26 Jul 2011
Swiss bank UBS said it had been granted leniency or immunity from potential violations by some authorities, in return for its continuing cooperation in an ongoing LIBOR manipulation probe...
26 Jul 2011
China Investment Corp (CIC), the country's $400 billion sovereign wealth fund, said it was cautiously optimistic about its investment outlook this year, after posting an 11.7 percent return on offshore investments in 2010...
26 Jul 2011
South Korea unveiled on Tuesday a series of steps to deregulate its lagging brokerage sector, hoping a Korean version of Goldman Sachs would emerge from one of the least competitive sectors of Asia's fourth-largest economy...
26 Jul 2011
A Californian labour law firm has filed a suit against Danish drugmaker Novo Nordisk alleging it failed to pay drug sales representatives for overtime as required by state law...
26 Jul 2011
Bolstered by banks offering record amounts of loans for takeovers, Indian companies are taking on grand plans and greater risk amid heavy supply demand and a shaky economic picture...
25 Jul 2011
Spanish savings bank Caja de Ahorros del Mediterraneo (CAM) secured EU regulatory approval on Monday for 5.8 billion euros ($8.3 billion) in state aid and must submit a…
25 Jul 2011
Reinsurer Validus Holdings Ltd took its $3.2 billion offer to buy Transatlantic Holdings Inc directly to shareholders on Monday after rejecting its rival's conditions for merger talks...
25 Jul 2011
Dutch Bancassurer ING Groep NV said on Monday it would sell most of its Latin American operations to Colombia's GrupoSura for 2.6 billion euros ($3.7 billion) in the largest-ever acquisition abroad by...
25 Jul 2011
The investment banking arm of Religare Enterprises has taken nearly 75 percent of South African broker Noah Financial Innovation as it looks to tap rising international demand for African equities...
25 Jul 2011
Banking regulators expect to release proposals for replacing the work of credit rating agencies in their regulations later this year when comprehensive tougher capital standards are unveiled, the Federal Reserve said on Monday...
25 Jul 2011
General Electric gained EU approval on Monday for its $3.2 billion acquisition of French motor maker Converteam to expand its range of products in the energy industry...
25 Jul 2011
Banks that want to swap assets with insurers to boost liquidity will have to let regulators know in advance so risks can be properly assessed, the Financial Services Authority proposed on Monday...
25 Jul 2011
Car makers Daimler and Rolls-Royce secured unconditional European Union approval on Monday to purchase Tognum in a bid valuing the German engine maker at 3.4 billion euros...
25 Jul 2011
Dutch Bancassurer ING will sell most of its Latin American operation to Colombia's GrupoSura for 2.6 billion euros ($3.7 billion) in a deal resulting from its state rescue in 2008...
25 Jul 2011
Greek Coke bottler Coca-Cola Hellenic (CCH) has won shareholder approval to buy out the Nigerian Bottling Company and turn it into a wholly-owned subsidiary in a deal worth...
25 Jul 2011
A British Virgin Islands court will on Monday consider an application from units of Kazakh miner ENRC to strike out a $2 billion claim filed by Canadian rival First Quantum Minerals over a disputed Congo copper project...
25 Jul 2011
Mining mergers and acquisitions doubled in the first half, coming close to the total for the whole of last year, although the pace was tempered by...
25 Jul 2011
Indian drugmaker Lupin said on Monday it has signed a pact with U.S.-based Medicis Pharmaceutical Corp to develop multiple therapeutic compounds using the former's formulation technologies...
25 Jul 2011
Germany's ZF Friedrichshafen AG is to buy Belgium-based Hansen Transmissions, which makes gearboxes for wind turbines, for $725.5 million to consolidate its position in the market for wind energy...
25 Jul 2011
British mortgage lender Yorkshire Building Society is to buy the mortgage and savings business of Egg Banking from American bank Citigroup , as Citi continues to sell non-core assets after its bailout during the credit crisis...
24 Jul 2011
Banks in Europe will be required to disclose more information on the number of their employees earning one million euros ($1.4 million) or...
22 Jul 2011
A federal appeals court has rejected a new Securities and Exchange Commission rule intended to make it easier for shareholders to nominate directors to corporate boards...
22 Jul 2011
Alabama's Jefferson County presented an "extremely complex" debt settlement plan to creditors and it is taking time for them to marshal a unified response...
22 Jul 2011
BlackBerry maker Research In Motion said on Friday it has bought Swedish video editing company JayCut and hinted the operation will work on features for its PlayBook tablet computer...
22 Jul 2011
A $2 billion (1.2 billion pound) takeover by News Corp's part-owned Australian pay-TV business Foxtel for rival Austar was headed for failure on Friday after the country's competition watchdog warned the deal will create a pay-TV monopoly...
22 Jul 2011
The European Union's markets watchdog warned on Friday it may ban the sale of some exchange-traded-funds to small investors because they are risky and hard to understand...
22 Jul 2011
Ailing Swedish carmaker Saab on Friday appeared to have fended off a demand for one of its units to be declared bankrupt when it reached a settlement with a supplier...
22 Jul 2011
Apple Inc is in early talks to join the bidding for Hulu, the online video site that Walt Disney Co, News Corp and its other owners have put up for sale, Bloomberg cited two unidentified sources as saying...
22 Jul 2011
The bankruptcy trustee for Lehman Brothers Holdings Inc's brokerage arm is appealing a February decision awarding Barclays PLC about $1.1 billion associated with...
22 Jul 2011
A court approved a rehabilitation plan on Friday for failed Japanese consumer lender Takefuji, according to documents posted on Takefuji's web site...
22 Jul 2011
China is investigating the third senior railways ministry official this year over allegations of corruption as the government tries to crack down on graft, one of the main triggers of public discontent, according to media reports...
22 Jul 2011
Bank of Communications' efforts to buy Shanghai Securities Co would, if successful, underline Beijing's desire to build full-service financial giants and could trigger a wave of similar acquisitions by rival lenders...
22 Jul 2011
Japan has filed a complaint with Mongolia over the bidding process for its massive Tavan Tolgoi coal development project, charging that its decision about the winners is confusing, government officials told Reuters...
22 Jul 2011
Muddy Waters LLC has filed a lawsuit in a U.S. court, alleging a fake press release defamed it and saying an imposter claiming to work for the research firm had tried to blackmail a company for $2 million to withold a damning report...
21 Jul 2011
Dynegy is being sued by a group of affiliated creditors that contend the independent power producer’s recently announced restructuring would siphon off assets...
21 Jul 2011
Borders Group Inc won bankruptcy court approval on Thursday to liquidate its 40-year-old business, effectively spelling the end for the second-largest U.S. book retailer...
21 Jul 2011
Australian infrastructure investor CP2 has offered A$2.2 billion ($2.3 billion) for local toll road operator ConnectEast in an agreed deal, marking the latest corporate shake-up for the country's infrastructure assets...
21 Jul 2011
It took 45 years for the wheels of justice to finally stop churning in a lawsuit against Citigroup Inc...
21 Jul 2011
Bank of America Corp may have to pay $27.5 billion to reach a fair settlement with investors in soured Countrywide mortgage-backed securities…
21 Jul 2011
One of Sony Corp's insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate from mounting legal claims related to...
21 Jul 2011
China's big trading partners worry that its rapid economic growth cannot be sustained and it could suffer a "hard landing" that spreads damage around the world...
21 Jul 2011
Goldman Sachs Group Inc won the dismissal of a lawsuit accusing it of causing an investor to become insolvent by fraudulently misleading it about risky debt it expected would tumble in value...
21 Jul 2011
Britain's Takeover Panel has adopted tougher merger rules, tipping the balance of power back towards acquisition targets...
21 Jul 2011
European steelmakers said they started legal action on Thursday to overturn the way the sector has been included in the European Union's carbon market...
21 Jul 2011
Treasury Secretary Timothy Geithner says his boss should veto any effort by Congress to defang the year-old Dodd-Frank Act...
21 Jul 2011
South Africa's government is appealing a decision by its own regulators to allow Wal-Mart to buy control of local retailer Massmart...
21 Jul 2011
Express Scripts Inc will buy rival Medco Health Solutions Inc for $29.1 billion to create a U.S. powerhouse in...
21 Jul 2011
Private equity firm BC Partners is set to buy Swedish cable company Com Hem, in a deal that will value the firm at about 17 billion crowns ($2.6 billion)...
21 Jul 2011
German outdoor clothing brand Jack Wolfskin said on Thursday it was being taken over by U.S. private equity investor Blackstone to spearhead its expansion in eastern Europe and Scandinavia...
21 Jul 2011
Google Inc has held talks about buying U.S. wireless chip technology company InterDigital to boost its patent portfolio...
21 Jul 2011
TMX Group will enter talks with a Canadian consortium offering C$3.8 billion ($4.02 billion) to take over the operator of the Toronto Stock Exchange...
21 Jul 2011
Taiwan's Acer Inc will buy U.S.-based cloud computing firm iGware Inc for $320 million, the fifth-largest ever Taiwanese buyout of a U.S. company...
21 Jul 2011
HBOS, the British bank that collapsed during the financial crisis and was bought by Lloyds Banking Group...
21 Jul 2011
U.S. regulators plan to boost cooperation on overseeing U.S. clearinghouses, according to joint recommendations published Thursday...
21 Jul 2011
Asahi Group Holdings said on Thursday it will buy Malaysian soft drinks company Permanis for 820 million ringgit ($274 million)...
21 Jul 2011
Two Chinese Internet firms have postponed their U.S. fundraising plans due to volatile global markets and after a series of accounting scandals tarnished the reputation of overseas-listed Chinese companies...
21 Jul 2011
Spring Airlines aims to raise more than 8 billion yuan ($1.2 billion) in an initial public offering in the first quarter of 2012 as China's sole budget carrier wants to double its fleet size in the next four years...
21 Jul 2011
A settlement between BP Plc and Anadarko Petroleum concerning liability around last year's Gulf of Mexico oil spill is not imminent...
21 Jul 2011
A U.S. appeals court on Wednesday denied a petition by Agility in a legal setback for the Kuwaiti logistics firm that faces prosecution on charges it defrauded the U.S. Army in multibillion-dollar contracts...
20 Jul 2011
Happy Birthday, Dodd-Frank. With a final 848 closely-printed pages of law and over 3,300 pages of rules (and counting, thanks to bank lobbyists), the U.S. financial reforms passed a year ago are cumbersome...
20 Jul 2011
Banks in the European Union could face fines of up to 10 percent of turnover if they fail to comply with tougher capital and liquidity rules...
20 Jul 2011
A New York judge approved a deal on Wednesday that will allow Lehman Brothers Holdings Inc to present its latest bankruptcy exit plan without opposition from...
20 Jul 2011
With executives from News Corp and some of its subsidiaries heading for the exits, the hacking scandal legal bills no doubt are stacking up...
20 Jul 2011
Pfizer Inc said on Wednesday it has agreed to acquire Icagen Inc, which is developing drugs to treat pain and related disorders...
20 Jul 2011
The fourth time was the charm for shareholders suing the auditors of Shenzhen-based China Expert Technology...
20 Jul 2011
U.S. cleaning products giant Ecolab Inc offered to buy water treatment services company Nalco Holding Co for $5.4 billion...
20 Jul 2011
China's top offshore oil producer CNOOC Ltd has agreed to buy Opti Canada Inc for $34 million in cash and take on more than $2 billion in debt in a move that will ramp up Chinese investment in Canadian oil sands...
20 Jul 2011
Power management chipmaker Microsemi Corp said it would take its $548.7 million cash offer to buy Zarlink Semiconductor Inc directly to shareholders...
20 Jul 2011
Small, less sophisticated investors should be very careful before deciding to invest in the risky retail foreign exchange market...
20 Jul 2011
Wells Fargo & Co agreed to pay a $85 million civil penalty to the Federal Reserve Board for allegedly steering borrowers into costly subprime mortgages...
20 Jul 2011
Shareholders in Irish Life & Permanent (IL&P) could reject an effective nationlisation of the bancassurer at an extraordinary general meeting (EGM) later on Wednesday, a source familiar with the proceedings said...
20 Jul 2011
Bookstore chain Barnes & Noble Inc. will eventually feel a modest boost from the liquidation of its largest rival, Borders Group Inc, but still faces stiff competition and an industrywide decline in book sales...
20 Jul 2011
Dow Chemical Co and Mitsui & Co Ltd have formed a Brazilian venture to turn sugar cane into ethanol and plastic, one that will reportedly cost more than $2 billion in an area widely considered the future of the chemical industry...
19 Jul 2011
China's Cathay Industrial Biotech Ltd filed with U.S. regulators on Tuesday to raise up to $200 million in an initial public offering of American Depositary Shares...
19 Jul 2011
A.O. Smith Corp will acquire privately held rival Lochinvar Corp for $418 million in its biggest deal so far to expand and strengthen its presence in the global water heating market...
19 Jul 2011
Wall Street will soon get an idea of just how far the regulatory pendulum will swing...
19 Jul 2011
Britain's banks will be scrutinised to see if they are making full accounting disclosures on exposures to the euro zone's sovereign debt crisis...
19 Jul 2011
The European Commission said on Tuesday it had started legal action against 20 EU member states for failing to implement new telecommunication rules...
19 Jul 2011
Irish retailer Musgrave Group will buy troubled supermarket operator Superquinn in a deal that will put it just ahead of Tesco as Ireland's largest grocer...
19 Jul 2011
Indonesia will allow private firms to import natural gas for the first time, signalling a shortage of gas supply in a country that is now the world's third-largest exporter of liquefied natural gas (LNG)...
18 Jul 2011
Citic Securities , China's largest publicly traded brokerage, added four banks to the group in charge of handling its planned $2 billion listing in Hong Kong, IFR reported on Tuesday, citing three sources with knowledge of the plans...
18 Jul 2011
Australian gaming group Tabcorp has regained its licence to run retail betting operations in Victoria, the country's second most populous state, strengthening its hand in an expected merger with weakened rival Tatt's Group...
18 Jul 2011
Royal Bank of Scotland is facing a second lawsuit from U.S. credit union regulators accusing it of misrepresenting mortgage backed securities that it sold...
18 Jul 2011
The 13-member consortium is working with the Bureau to provide the information requested, it said...
18 Jul 2011
Borders Group Inc, the second-largest U.S. bookstore chain, said it has canceled an upcoming bankruptcy auction and will close its doors for good...
18 Jul 2011
Fitch Ratings on Monday reiterated its view that if the U.S. debt ceiling is not raised prior to August 2, the agency will place the U.S. AAA rating on what it terms...
18 Jul 2011
The former owner of Extended Stay hotels has been ordered to pay $100 million to lenders for loans that helped fund its $8 billion…
18 Jul 2011
Borders Group Inc has entered talks to sell a small number of stores to retailer Books-A-Million Inc while hundreds of its other locations could be liquidated, according to two sources close to Borders' bankruptcy process...
18 Jul 2011
Some of the world's largest asset managers are cutting ties to credit rating agencies, potentially signaling the beginning of the end of their grip on global financial markets...
18 Jul 2011
While investors fret about a jump in bad loans from China's local government entities, the country's so-called "Big Four" banks are busy squirreling money away for the day when borrowers start defaulting in large numbers...
18 Jul 2011
The U.S. Securities and Exchange Commission filed an insider-trading lawsuit accusing three Swiss entities of suspicious trading in Arch Chemicals Inc…
18 Jul 2011
On the surface, it looks like the Dodd-Frank financial oversight law is in trouble…
18 Jul 2011
Telecommunications group Millicom International Cellular S.A. on Monday said its unit Colombia Móvil has agreed to sell up to 2,126 towers to American Tower Corp for $182 million in cash...
18 Jul 2011
Hypo Real Estate has won European Union approval for a revamp that will shrink the bailed-out German lender…
18 Jul 2011
Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team, suffered a legal setback...
18 Jul 2011
The EU's antitrust chief reiterated on Monday that the proposed merger of Deutsche Boerse…
18 Jul 2011
Fund manager Neuberger Berman and a wealth adviser were ordered by arbitrators to pay roughly $5.5 million to four investors for...
18 Jul 2011
Investors aren't buying the string of companies listing in Hong Kong through a rare method involving a market debut without raising money…
18 Jul 2011
Banks with substantial peripheral euro zone bond holdings, and those that only scraped through the European Union's stress test of 90 lenders, started feeling the heat on Monday from investors anxious they should beef up their capital buffers...
18 Jul 2011
The U.S. Commodity Futures Trading Commission unexpectedly pulled its whistleblower provision from the list of rules it had scheduled to finalize at its Tuesday meeting...
18 Jul 2011
Hedge fund firm Man Group said on Monday it will take on exposure to the estates of defunct U.S. investment bank Lehman Brothers from funds managed by its subsidiary GLG Partners for a total cash consideration of...
18 Jul 2011
The world's top banks will face a surcharge to keep them safe and only top-quality capital can be used, a global regulatory task force said...
18 Jul 2011
The U.S. futures regulator on Tuesday approved proposals giving clearinghouses more time to accept a trade, along with risk-management guidelines for clearing members...
18 Jul 2011
A joint venture between PSA Peugeot Citroen and China's Changan to make and distribute cars and light commercial vehicles got the go-ahead from Chinese authorities, the French car maker said on Monday...
18 Jul 2011
China's Sichuan Hanlong Group made a bid to buy out the shares it doesn't already own in West African iron ore exploration company Sundance Resources...
18 Jul 2011
Former BP Chief Executive Tony Hayward is considering a bid for major Russian oil firms Bashneft and Russneft to create an industry powerhouse...
17 Jul 2011
The U.S. antitrust probe into Google Inc could hem in its growth ambitions for years, even if regulators do not unleash their most formidable weapons: Seeking a breakup of the Internet giant or exerting control over its cherished search algorithm...
17 Jul 2011
News Corp's Australian shares slumped over 6 percent on Monday to a two-year low as the phone hacking scandal fallout worsened with the arrest of the former head of Rupert Murdoch's UK newspaper arm and...
17 Jul 2011
Allegations of fraud and accounting irregularities at Chinese companies are likely to continue for at least the near term and the accusations may hamper the firms' access to funds regardless of the claims' merit, Fitch Ratings said...
17 Jul 2011
A group of lenders sued OppenheimerFunds Inc, an investment subsidiary and an advisory company, accusing it of wrongfully procuring $1.8 billion…
15 Jul 2011
Barclays Plc is appealing a judge's ruling that handed the trustee for Lehman Brothers Holdings Inc's brokerage arm about $4 billion…
15 Jul 2011
Perkins & Marie Callender's Inc, the owner of the restaurant chains of the same names, said on Friday it expects to emerge from bankruptcy during the fourth quarter under the...
15 Jul 2011
U.S. companies, already sweating under heightened enforcement of anti-corruption laws at home, are nervously reviewing their policies on how they wine and dine business contacts abroad in...
15 Jul 2011
Spanish savings bank Bankia has had orders for all the shares it is offering to institutions under its planned market flotation...
15 Jul 2011
Top global miner BHP Billiton will buy U.S. gas producer Petrohawk Energy Corp for $12.1 billion…
15 Jul 2011
Swiss bank Credit Suisse is being investigated by the U.S. Department of Justice as part of a broader inquiry into banks suspected of helping Americans evade taxes…
15 Jul 2011
The bid by Nestle , the world's largest food company, to gain a 60 percent stake in Chinese confectioner and snacks maker Hsu Fu Chi International...
15 Jul 2011
A health check of European banks aimed at restoring investors' confidence is expected to show on Friday that around 10 lenders…
15 Jul 2011
Icahn's $76.50 per share offer represents an 11 percent premium to the stock's Thursday closing on the New York Stock Exchange...
15 Jul 2011
A proposed change in the way Britain licenses gambling operators which are based abroad, may pave the way for the government to tax offshore gaming firms…
15 Jul 2011
Ex-News Corp executive Rebekah Brooks will give her full cooperation to British government and police inquiries and a parliamentary hearing scheduled for next week, she said in an internal memo...
15 Jul 2011
Rebekah Brooks, Rupert Murdoch's most senior newspaper executive in Britain, has resigned as chief executive of News International, the British subsidiary of News Corp, Sky News reported on Friday...
15 Jul 2011
China's bank regulator has signed agreements with the United Arab Emirates and Cyprus to share banking information…
14 Jul 2011
Private-label food maker Ralcorp Holdings Inc said it would hive off its Post Foods cereals unit, after it twice rejected an unsolicited takeover bid by branded food giant ConAgra Foods Inc…
14 Jul 2011
A rule that would delay some swaps measures that had been set to go into effect on July 16 was finalized by the U.S futures regulator…
14 Jul 2011
European financial group Dexia SA sued Deutsche Bank AG for losses on $1 billion of bonds that it bought from the German lender, which it accused of simultaneously betting...
14 Jul 2011
A judge on Thursday approved a plan that would liquidate Borders Group Inc after the bankrupt bookseller's tentative deal with buyout firm Najafi Companies fell apart...
14 Jul 2011
A New York court revived Ambac Financial Group Inc's lawsuit seeking to hold JPMorgan Chase & Co responsible for its losses related to an investment vehicle that lost $1 billion on toxic subprime debt...
14 Jul 2011
Amid the biggest legal crisis in News Corp's history, its in-house law department is in a state of upheaval…
14 Jul 2011
ConocoPhillips will split itself into two by spinning off its refining arm in a bet that each operation would be worth more as a separate company, it said on Thursday...
14 Jul 2011
Australia's government may review national media laws in the wake of the News of the World phone hacking scandal, Prime Minister Julia Gillard said on Thursday, after an influential party demanded a probe into Rupert Murdoch's local media empire...
14 Jul 2011
Germany's Deutsche Boerse AG pulled off a $9.7 billion (6.0 billion pounds) takeover of the New York Stock Exchange group as shareholders brushed off misgivings about the deal to create the...
14 Jul 2011
China's cabinet on Thursday extended home purchase restrictions to more cities and reminded local governments to keep in place measures to tighten the property market...
14 Jul 2011
Williams Cos Inc on Thursday raised its offer to buy pipeline operator Southern Union by nearly 13 percent to $5.5 billion, trumping a rival bid by Energy Transfer Equity LP...
14 Jul 2011
The China Securities Regulatory Commission said companies can use their discretion in deciding the launch date of their IPOs within six months after...
14 Jul 2011
Oilfield services provider Key Energy Services Inc said it would buy Edge Oilfield Services and Summit Oilfield Services for about $300 million to add to...
14 Jul 2011
China's biggest hypermarket operator Sun Art Retail Group Ltd , which raised $1.1 billion in a Hong Kong initial public offering last week, has delayed its trading debut scheduled for Friday because of a...
14 Jul 2011
Spanish banks relied less heavily on the European Central Bank for funding in June, reflecting improved funding conditions a day before results Europe-wide stress tests were due to be released...
14 Jul 2011
Peabody Energy and ArcelorMittal have agreed to slightly increase their planned $5 billion bid for Macarthur Coal, after the Australian target company agreed to open its books to them...
14 Jul 2011
China should speed up diversification of its $3.2 trillion foreign exchange reserves away from dollar assets to hedge against risks of the U.S. currency's possible long-term decline, an adviser to the People's Bank of China said on Thursday...
14 Jul 2011
Anthony Bolton, one of Britain's best-known fund managers, said policing rogue executives was a far bigger task in China than in the West, as News Corporation's phone-hacking scandal thrusts…
13 Jul 2011
U.S. lawmakers urged federal officials to investigate whether News Corp broke a law banning bribes to foreign officials, increasing transatlantic pressure on Rupert Murdoch's media empire...
13 Jul 2011
Brazilian antitrust regulators gave their support on Wednesday to a deal that saves the merger that created processed foods company Brasil Foods...
13 Jul 2011
Euro zone plans for a leaders' summit on a second Greek rescue were thrown into doubt by Germany on Wednesday, raising fears markets may exploit a policy vacuum with...
13 Jul 2011
The European Union's executive criticised the downgrading of Ireland's credit rating by Moody's, calling it "incomprehensible" and the timing of its announcement "questionable”...
13 Jul 2011
Canada's Northgate Minerals will buy Primero Mining for C$370.4 million ($383.7 million) in stock, to enter the Mexican market as well as boost cash flow to fund its own gold mine in Ontario and repay debt...
13 Jul 2011
News Corp has withdrawn its $12 billion bid to buy out the 61 percent of broadcaster BSkyB it does not already own after the government...
13 Jul 2011
Medical device maker Kinetic Concepts Inc said it would go private in a nearly $5 billion cash deal with a consortium of private equity firm Apax Partners and two Canadian pension firms...
13 Jul 2011
Italy's market regulator Consob has asked stakeholders to retrieve shares they have lent in Italian companies in a bid to discourage short-selling...
13 Jul 2011
Moody's downgrade of Ireland to junk status will make it harder for Dublin to return to funding itself through debt markets next year and undermine its efforts to generate economic growth, government officials said on Wednesday...
13 Jul 2011
China is preparing to conduct its first-ever stress test on the brokerage industry this year to ward off potential risks arising from a possible deterioration in the economic or market environment...
13 Jul 2011
The board that sets accounting standards for state and local governments on Wednesday changed some financial reporting requirements for swaps and other hedging instruments the governments use...
13 Jul 2011
However you slice and dice it, a sizeable chunk of China's local government debt will likely go bad over the next few years. But that will not be anything the world's second-largest economy can't muddle through...
13 Jul 2011
Moody's cut Ireland's credit rating to junk on Tuesday, warning that the debt-laden country would likely need a second bailout...
13 Jul 2011
Danielle Chiesi, a former trader who pleaded guilty in the U.S. government's hedge fund insider trading probe, agreed to pay $540,535 to settle related Securities and Exchange Commission civil charges.
13 Jul 2011
Brazilian tycoon Abilio Diniz abandoned on Tuesday his plans to merge retailer Grupo Pao de Acucar with Carrefour's local arm, putting a possible end to a deal that generated controversy on both sides of the Atlantic...
13 Jul 2011
Eagle Vantage Asset Management, a Hong Kong-based investment firm controlled by disgraced Chinese tycoon Huang Guangyu, has put a bid for decomissioned British aircraft carrier HMS Ark Royal...
12 Jul 2011
Electronic Arts Inc, the video game publisher, is buying PopCap Games in a deal worth up to $1.3 billion as it tries to ramp up its social and casual games portfolio and better compete with Zynga Inc...
12 Jul 2011
Abu Dhabi's First Gulf Bank (FGB) has set up a new $3.5 billion Islamic bond programme, a LSE filing showed, paving the way for the lender's first sukuk sale...
12 Jul 2011
The Federal Reserve, in a push to control the often wayward communications of its top officials, issued detailed rules on Tuesday dictating what they can and cannot do...
12 Jul 2011
The new U.S. consumer financial watchdog is gearing up to deploy hundreds of examiners to large banks, saying on Tuesday it will do year-round policing…
12 Jul 2011
Brazil's government will withdraw its financial and political support for a controversial tie-up between retailer Pao de Acucar and the local unit of France's Carrefour, a government official said on Monday...
12 Jul 2011
Brazil's Vale will not submit a new offer to top a bid by China's Jinchuan Group to acquire South African-listed miner Metorex, Vale and Metorex said on Monday…
12 Jul 2011
Britain's insurers have agreed to pay 9 million pounds to fund a new police unit dedicated to combating insurance fraud as the industry grapples with rising bogus claims, City of London police said on Tuesday...
12 Jul 2011
It's Washington Mutual Inc vs. shareholders, round II...
12 Jul 2011
The U.S. Securities and Exchange Commission needs to keep better track of the ethics advice it doles out to ensure former officials don't get caught up in conflicts of interest when...
12 Jul 2011
Moody's warnings on accounting and governance risks at dozens of small Chinese companies sparked a sell-off in their shares and bonds on Tuesday...
12 Jul 2011
New York's attorney general is investigating Bank of America Corp's $8.5 billion settlement with investors over losses in mortgage-backed securities...
12 Jul 2011
U.S. multinational corporations would have to report financial results on a country-by-country basis, potentially revealing much about their offshore tax and accounting practices...
12 Jul 2011
Mitsubishi Electric Corp and Toshiba won court appeals on Tuesday against multi-million-euro fines imposed by EU regulators four years ago for fixing prices in gas insulated switchgear projects...
12 Jul 2011
Internet auction marketplace eBay may be liable for trademark infringements committed by users on its site if it plays an active role in their use, Europe's highest court ruled on Tuesday...
12 Jul 2011
China's bank lending and money growth expanded faster than expected in June as loan demand remained buoyant, adding to the case for further monetary policy tightening...
12 Jul 2011
Belgian medical equipment and services company Arseus NV plans to buy a Brazilian peer for 51 million euros ($73 million) to secure top spot in the world's largest pharmaceutical compound market...
12 Jul 2011
Olympic Group said on Monday its acquisition by Sweden's Electrolux AB remained an all-cash deal and the Egyptian firm would now expand into new European markets...
12 Jul 2011
Abu Dhabi-based Etisalat said late on Monday its Indian mobile phone joint venture partner has brought "proceedings" against it and various group companies before the Company Law Board in India...
12 Jul 2011
International shareholders in Israel's East Mediterranean Gas Co (EMG) are pushing ahead with legal claims against Egypt for $8 billion in damages from contract violations in gas supplies...
11 Jul 2011
ATM maker NCR Corp is to buy Radiant Systems Inc, which makes cash registers and other point-of-sale devices, for about $1.2 billion in cash to expand into the hospitality and specialty retail industries...
11 Jul 2011
GSE Holding Inc filed with U.S. regulators on Monday to raise up to $143.8 million in an initial public offering of its shares...
11 Jul 2011
Rupert Murdoch's News Corp could face probes by U.S. authorities for possibly violating bribery laws, compounding the media mogul's problems after a phone-hacking scandal in Britain...
11 Jul 2011
Apple Inc, Microsoft Corp, Research in Motion Ltd and three other leading tech companies received court approval on Monday to buy wireless patents from...
11 Jul 2011
Former Goldman Sachs Group Inc director Rajat Gupta may pursue his lawsuit accusing the Securities and Exchange Commission of violating his rights by denying him a jury trial in an insider-trading case...
11 Jul 2011
China's Sichuan Hanlong Group has made a A$144 million ($154.9 million) "highly conditional" bid for Australia's Bannerman Resources Ltd, eyeing the group's uranium project…
11 Jul 2011
MBIA Inc agreed to drop a lawsuit in which it accused Bank of America Corp's Merrill Lynch & Co of fraudulently misleading the bond insurer into providing insurance on $5.7 billion of risky debt...
11 Jul 2011
French drugmaker Sanofi plans to sell its Dermik skincare business to Canada's Valeant Pharmaceuticals for $425 million in cash, the latest drug giant to move to shed non-core assets...
11 Jul 2011
Banks in the European Union face curbs on how much they can depend on ratings from credit agencies to calculate the size of their capital safety cushions...
11 Jul 2011
Diversified manufacturer ITT Corp said it has filed with U.S. regulators providing details of the three publicly traded companies that...
11 Jul 2011
Nelnet said it bought a residual interest in $1.9 billion of federal student loan from an affiliate of Greystone & Co Inc...
11 Jul 2011
Stillwater Mining Co, a U.S. producer of platinum and palladium, said it will buy Canada's Peregrine Metals for about $487.1 million, to boost its copper-gold deposits...
11 Jul 2011
Oil and natural gas producer Vanguard Natural Resources said it will buy the rest of Encore Energy Partners LP it does not already own for about $544.8 million...
11 Jul 2011
The Chapter 11 trustee for convicted fraudster Marc Dreier’s law firm can continue to press fraudulent-transfer claims against three hedge funds that allegedly knew or should have known...
11 Jul 2011
Aladdin Capital Management LLC has won the dismissal of a lawsuit by Germany's Bayerische Landesbank to recover at least $60 million of alleged losses related to...
11 Jul 2011
Thailand's Commerce Ministry plans to ask police to take legal action against seven shareholders of number two mobile firm Total Access Communication…
11 Jul 2011
Australia's biggest pay-tv firm, Foxtel, has clinched a $2 billion-plus takeover bid for rival Austar in a deal aimed at reviving subscriber growth and taking on competition…
11 Jul 2011
Drugs industry supplier Lonza is buying U.S.-based Arch Chemicals for some $1.2 billion, making it the world's largest player in the...
11 Jul 2011
Broker-dealer Janney Montgomery Scott LLC has agreed to pay $850,000 to settle charges it failed to protect against the misuse of material, non-public information...
11 Jul 2011
Deutsche Bank AG asked a Manhattan judge to dismiss a U.S. government lawsuit accusing it of fraud for repeatedly lying about the quality of mortgages it handled under a federal program...
11 Jul 2011
China's premier and the country's central bank governor vowed on Monday to prevent stubbornly high inflation from upending the economy...
11 Jul 2011
European Council President Herman Van Rompuy has called an emergency meeting of top officials dealing with the euro zone debt crisis for Monday morning, reflecting concern that the crisis could spread to Italy, the region's third largest economy...
11 Jul 2011
The string of accounting scandals at overseas-listed Chinese companies should force foreign regulators to rethink how they supervise China-based firms...
11 Jul 2011
The operator of the Toronto Stock Exchange launched its TMX Select system on Monday, which is its answer to increasing competition from alternative trading systems in Canada...
11 Jul 2011
Iraq will sign a final contract with Royal Dutch Shell on Tuesday for a $12-billion project to capture flared gas at southern oil-fields...
10 Jul 2011
British government lawyers are drawing up plans to block Rupert Murdoch's bid to buy out the broadcaster BSkyB, the Independent newspaper said on Monday...
10 Jul 2011
China will invest over 1.5 trillion yuan ($232 billion) in the aviation industry in the next five years and will push consolidation among airlines to hone their international competitiveness...
10 Jul 2011
Nestle, the world's largest food company, agreed to acquire 60 percent of Chinese candies and pastries group Hsu Fu Chi International for about S$2.1 billion ($1.7 billion), the Singapore-listed company said...
10 Jul 2011
Precision Castparts Corp said on Sunday it was buying plane parts maker Primus International for $900 million in cash...
10 Jul 2011
Alarmed by widening accounting debacles at U.S.-listed Chinese companies, American regulators are scrambling to stem the damage from gaps in laws adopted to protect investors after the Enron scandal a decade ago...
10 Jul 2011
French energy giant Total is no longer in exclusive talks to sell the Lindsey refinery in Britain after re-opening negotiations with more firms...
9 Jul 2011
Chinese brokerage firms will be allowed to conduct private equity business after the securities regulator formalised a 2006 pilot program…
9 Jul 2011
Police arrested David Cameron's former spokesman on Friday over the scandal that has shut down Rupert Murdoch's News of the World...
8 Jul 2011
New Zealand's Treasury has appointed Deutsche Bank and local broking house Craig Investment Partners as advisers on preparatory work for the partial sale of state assets...
8 Jul 2011
Brazil's No. 2 airline, Gol Linhas Aereas, confirmed on Friday it plans to buy smaller rival Webjet for 96 million reais ($61.4 million), the latest consolidation in the booming Latin American airline sector...
8 Jul 2011
LivingSocial has picked Bank of America Merrill Lynch, JPMorgan and Deutsche Bank to lead-underwrite an IPO that could value the daily deals site at $10 billion to $15 billion…
8 Jul 2011
Germany's banks will make their first annual payment by the end of September of around 1 billion euros ($1.45 billion) to insure themselves against failure…
8 Jul 2011
Dutch financial services group ING said on Friday it is selling its car lease unit to BMW for 700 million euros ($1 billion) in cash, which it will use to help pay back the Dutch state...
8 Jul 2011
Former hedge fund manager Forrest Fontana, who once worked for industry titan Steven A. Cohen's SAC Capital Advisors, will pay nearly $1 million to resolve claims he violated a short-selling rule…
8 Jul 2011
A French court said on Friday it is delaying until August 4 its decision on whether to launch a legal inquiry into the role of IMF chief Christine Lagarde in a 2008 arbitration payout...
8 Jul 2011
The United States and China will likely agree by February to allow joint inspections of China-based audit firms that review U.S.-listed companies…
8 Jul 2011
A federal appeals court threw out a lawsuit accusing JPMorgan Chase & Co of violating U.S. racketeering law by conspiring with Bernard Madoff to further his Ponzi scheme...
8 Jul 2011
South Korea's Hana Financial Group said on Friday it had agreed to cut the acquisition price of a controlling stake in Korea Exchange Bank from U.S. fund Lone Star by 6 percent to 4.4 trillion won ($4.1 billion)...
8 Jul 2011
State oil group Petrovietnam and its partners may buy $1.5 billion in Vietnamese oil assets in the contentious South China Sea from ConocoPhillips, according to Petrovietnam's chief executive...
8 Jul 2011
Newport Corp, a U.S. manufacturer and distributor of precision components, is to buy Isreali group Ophir Optronics for $230 million...
8 Jul 2011
New Zealand is riding high this year as one of the world's best performing stock markets in spite of an earthquake, a weak economy and a foreign debt burden on a par with Greece...
8 Jul 2011
State Bank of India, the country's largest lender, plans to raise $5 billion via overseas loans in the current fiscal year, its chairman said on Friday...
8 Jul 2011
Morgan Stanley has downgraded Indian energy major Reliance Industries to 'equal-weight' from 'overweight' and cut its target price on the stock to 956 rupees from 1,206 rupees...
7 Jul 2011
Bank of America will take another $13 billion in charges related to pending settlement with private label mortgage-backed securities investors...
7 Jul 2011
U.S. futures regulators will gain much more muscle to crack down on market manipulation under a rule set to be finalized on Thursday as part of the financial overhaul passed a year ago...
7 Jul 2011
The New York Stock Exchange, an icon of American capitalism, took a crucial step toward ceding control to a German company on Thursday...
7 Jul 2011
JPMorgan Chase & Co agreed to pay $211.2 million to settle federal and state charges that its employees rigged bids for derivatives sold to at least 48 cities and charities...
7 Jul 2011
Canadian utility company Atco Ltd said it has signed an agreement to buy Western Australia Gas Networks (WAGN) for about A$356 million ($380.8 million), to strengthen its presence in Australia...
7 Jul 2011
APAC Customer Services Inc agreed to be taken over by One Equity Partners, a private investment arm of JPMorgan Chase & Co, for about $470 million in cash...
7 Jul 2011
A judge on Thursday approved TerreStar Networks Inc's proposed $1.375 billion sale to Dish Network Corp, pushing the satellite communications company a major step closer to...
7 Jul 2011
New Zealand, the first nation outside Europe to set up a carbon-trading scheme, hopes to become a trading hub for the region as neighboring Australia and...
7 Jul 2011
India proposes to bring microlenders under Reserve Bank's regulation, tightening oversight of an industry hit hard last year by a state backlash over complaints of aggressive lending and recovery practices and high interest rates...
7 Jul 2011
Brazil's Abril Educacao, a company that provides college entrance exam preparation courses, and its stockholders could raise as much as 670 million reais ($427 million) in an initial public offering...
7 Jul 2011
Indebted conglomerate Dubai World has transferred ownership of its troubled property units Nakheel and Limitless to the government, concluding a complex restructuring process...
6 Jul 2011
U.S. securities regulators' insider-trading case against former Goldman Sachs Group Inc board member Rajat Gupta was put on hold after federal prosecutors intervened, documents show...
6 Jul 2011
China's securities regulator has tightened its approval requirements for initial public offerings by companies in some industries seen as having high risks…
6 Jul 2011
Property developer Ascendas Group plans to raise $300-400 million by listing its three Shanghai commercial properties in Hong Kong via a yuan-denominated real estate investment trust...
6 Jul 2011
Singapore-listed Tiger Airways Holdings has appointed Chin Yau Seng as the acting chief executive officer for the budget carrier after current CEO Tony Davis was handed over day-to-day running of the troubled Australian operations...
6 Jul 2011
China has launched a government-backed private equity fund aiming to raise 20 billion yuan to invest in cultural industries such as media publishing, film and broadcasting, Internet entertainment and leisure...
6 Jul 2011
Australian pay-tv firm Foxtel remains in talks to take over rival Austar for $2 billion but due to the conditional nature of the proposal, there is no assurance talks will lead to a transaction, Austar said in a statement on Thursday...
6 Jul 2011
Facebook will add Skype video chat to its pages, aiming to spice up the appeal of the world's No. 1 Internet social networking service while fending off increased competition from Google…
6 Jul 2011
U.S. regulators could snatch back up to two years of Wall Street executives' pay if they are found responsible for the collapse of a major financial firm...
6 Jul 2011
European politicians accused credit rating agencies on Wednesday of anti-European bias after Moody's downgrade of Portugal's debt to "junk" cast new doubt on EU efforts to...
6 Jul 2011
U.S. regulators will be able to snatch back up to two years of Wall Street executives' pay if they are found responsible for the collapse of a major financial firm...
6 Jul 2011
Hidden nuggets in the year-old Dodd-Frank law are a risky distraction. With financial reform already plenty complex, and the SEC overburdened...
6 Jul 2011
The Federal Deposit Insurance Corp sued former IndyMac Bank Chief Executive Michael Perry to recover over $600 million in damages and...
6 Jul 2011
A FINRA securities industry arbitration panel ordered a former Morgan Stanley Smith Barney broker to pay the firm nearly $1 million for breaching the terms of a promissory note...
6 Jul 2011
A watchdog for the U.S. Securities and Exchange Commission has asked the Department of Justice to investigate an agency leasing document he said appears to have been backdated...
6 Jul 2011
Dutch state-owned bank ABN AMRO has appealed against a European Commission ban on making acquisitions in order to give the bank flexibility in the future...
6 Jul 2011
The Internal Revenue Service today published proposed Treasury regulations that remove any reference to, or requirement of reliance on, "credit ratings" in regulations under the Internal Revenue Code...
6 Jul 2011
An arbitration panel ordered a Merrill Lynch clearing unit to pay $63.7 million in damages to California hedge fund manager Rosen Capital Partners LP...
6 Jul 2011
Shares in JSW , the European Union's top coking coal miner, rose 3.3 percent in its market debut on Wednesday, braving the market turbulence that tripped up other flotations in the past few weeks...
6 Jul 2011
British lawmakers will hold an emergency debate on Wednesday over a phone-hacking scandal at a top-selling newspaper that has prompted calls for the resignation of a well-connected Rupert Murdoch executive and provoked a public outcry that could damage the paper's sales...
6 Jul 2011
Berkshire Hathaway Inc has joined the group bidding for Citigroup's consumer lending unit OneMain, formerly known as CitiFinancial...
6 Jul 2011
The tide appears to be turning against Carrefour in its push to combine with Brazilian retailer Grupo Pao de Acucar, as the Brazilian government backs away from the deal and French rival Casino shows no sign of dropping its resistance...
6 Jul 2011
Banks and other large financial companies that could be seized and liquidated by the U.S. government are balking at a proposed plan they argue gives regulators too much power to...
5 Jul 2011
South Korea said the bidding process for Mongolia's Tavan Tolgoi coal project was "unclear and unfair" and its companies were excluded from the three short-listed groups to develop one of the world's biggest coking coal projects...
5 Jul 2011
A former senior director at Flextronics International pleaded guilty on Tuesday, telling a U.S. judge he was paid $200 an hour by an expert network firm to spill inside information to hedge funds...
5 Jul 2011
BYD Co Ltd , the Chinese automaker backed by U.S. billionaire Warren Buffet, said it had terminated a agreement to set up a joint venture to provide financing for purchases of automobiles in China...
5 Jul 2011
The Ontario Securities Commission said on Tuesday it is conducting a targeted review of companies listed on markets it regulates that have significant business operations in emerging markets...
5 Jul 2011
Trans Union Corp, which provides data and risk management services, filed with U.S. regulators on Tuesday to raise up to...
5 Jul 2011
New York's top legal officer has sent subpoenas to nine leading life insurers seeking information about their practices in identifying and paying out policies for deceased customers, according to a person familiar with the matter...
5 Jul 2011
Pipeline operator Energy Transfer Equity LP struck a sweetened $5 billion deal to buy Southern Union...
5 Jul 2011
China's local government debt may be 3.5 trillion yuan ($540 billion) larger than auditors estimated, potentially putting banks on the hook for deeper losses that could threaten their credit ratings...
5 Jul 2011
Germany's top court began hearing legal challenges on Tuesday against last year's bailouts of debt-stricken euro zone peers in a move that could affect Berlin's room for maneuver in future rescue packages...
5 Jul 2011
Diagnostics firm Immucor Inc said it agreed to be acquired by private equity group TPG Capital for $1.97 billion...
5 Jul 2011
QGEP, a Brazilian oil and gas company, said on Tuesday that it bought 10 percent of an offshore oil block from Royal Dutch Shell Plc helping expand its holdings in...
5 Jul 2011
A group of bondholders plans to challenge Bank of America Corp's $8.5 billion settlement with holders in soured mortgage-backed securities...
5 Jul 2011
Specialty chemicals maker OM Group Inc is foraying into Europe with its 700 million euros (about $1 billion) acquisition of...
5 Jul 2011
The U.S. Trustee overseeing Blockbuster Inc's bankruptcy is asking a judge to stop the movie rental chain from paying one employee hundreds of thousands of dollars in bonuses to...
5 Jul 2011
South Korean regulators are set to launch a probe into Hana Bank's 1.5 trillion won loan to a unit of U.S. buyout fund Lone Star that holds a majority stake in Korea Exchange Bank, an official said on Tuesday...
5 Jul 2011
A plummeting currency, soaring inflation and the threat of public protests casts a continuing shadow over Uganda - a former donor darling now courting foreign investors and preparing to produce oil...
5 Jul 2011
Russian online retailer Utinet.ru will start a roadshow on Tuesday for a planned initial public offering in Moscow, seeking to tap into recent demand for Russian internet stocks...
5 Jul 2011
South Korea's antitrust watchdog said Tuesday it had approved U.S. online auctioneer eBay Inc's move to merge its two e-commerce units in the country...
4 Jul 2011
The London Stock Exchange is in talks with Sri Lanka's Securities and Exchange Commission over allowing trading of some of the island nation's shares on the London bourse and...
4 Jul 2011
Nestle, the world's largest food company, is among companies in talks with Chinese candies and pastries group Hsu Fu Chi International on a deal that could be...
4 Jul 2011
European Union rules to tighten derivatives rules won't be agreed until at least the early autumn, as a global crackdown on the opaque sector faces delays on both sides of the Atlantic...
3 Jul 2011
Japanese beverage maker Asahi Group said on Monday it has agreed to buy the mineral water and juice business of Australia's P&N Beverages for A$188 million ($203 million) after its bid to buy the...
3 Jul 2011
PetroChina has completed its purchase of UK chemical group Ineos assets for $1 billion (622 million pounds), the firm said in a filing to the Shanghai stock exchange on Monday...
3 Jul 2011
Italian fashion house Prada said joint bookrunners for its Hong Kong listing had exercised an over-allotment option bringing more shares to the market and raising an additional HK$2.5 billion ($321.3 million)...
3 Jul 2011
They are victims of their own success. So now it's time for short sellers of Chinese stocks listed in North America to shift their attention thousands of miles away to Hong Kong...
3 Jul 2011
The BNDES bank will not put up the $2.4 billion it pledged for the merger of Brazil's biggest retailers, Grupo Pao de Acucar and France's Carrefour, unless Casino is on board...
1 Jul 2011
Borders Group Inc's preliminary or "stalking-horse" agreement to sell itself to private investment firm Najafi Companies could signal its shift toward digital operations...
1 Jul 2011
Lehman Brothers Holdings Inc said creditors holding more than $100 billion of claims now support its reorganization plan, moving the company closer to emerging from the largest-ever U.S. bankruptcy...
1 Jul 2011
On a recent morning at Master Lock's 90-year-old factory in Milwaukee, a cluster of machinery was whirring, every 2 seconds spitting out one of the combination locks used by...
1 Jul 2011
Zynga Inc filed paperwork on Friday for an initial public offering, the latest in a series of hot social media companies to...
1 Jul 2011
A Bayer AG unit will pay U.S. long-grain rice growers up to $750 million to resolve claims over contamination of the rice crop...
1 Jul 2011
A federal appeals court on Friday ruled for bond insurer MBIA Inc in a dispute with its insurers over liability coverage for MBIA's directors and officers in a series of investigations...
1 Jul 2011
Vodafone said it has sealed a long-awaited deal to buy out its partner Essar from their Indian mobile joint venture for $5.46 billion, ending a highly fractious relationship...
1 Jul 2011
Washington Mutual Inc's officers, directors, underwriters and auditor have agreed to a $208.5 million settlement to end class-action securities fraud lawsuits, according to court documents...
1 Jul 2011
Education software company Blackboard Inc said it would be bought by private equity firm Providence Equity Partners...
1 Jul 2011
A group including Apple and Research In Motion has paid $4.5 billion to snatch Nortel Networks' patents from under the noses of Google and Intel, stealing a march on their rivals in a litigious market...
1 Jul 2011
The European Banking Authority said on Friday it had received all the extra information it wanted from banks, paving the way for publication of its sector health-check this month...
1 Jul 2011
News that the sex assault case against Dominique Strauss-Kahn could collapse hit France like a thunderbolt on Friday, raising prospects of a return to French politics, though probably not to the 2012 presidential race...
1 Jul 2011
U.S. securities regulators gave more clarity on Friday on how they will temporarily shield the swaps industry from Dodd-Frank rules scheduled to automatically take effect on July 16...
1 Jul 2011
The Takeover Panel plans to unveil tougher rules governing takeover bids by the end of July and implement them in mid-September, the watchdog said on Friday...
1 Jul 2011
St Joe Co said on Friday the U.S. Securities and Exchange Commission (SEC) was probing the real estate development company and its chairman Bruce Berkowitz...