NEWS
November 2011
30 Nov 2011
Billionaire investor Warren Buffett buys newspapers every day, including his hometown daily, but on Wednesday he dispensed with the single-issue price and bought the whole company instead...
30 Nov 2011
Zynga is expected to price its shares on December 15 in one of the most highly anticipated IPOs of the year...
30 Nov 2011
The world's major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone's debt crisis drove EU ministers to urge more IMF help to avert financial disaster...
30 Nov 2011
Ally Financial Inc units were sued by Financial Guaranty Insurance Co for fraud and breach of contract over $3.8 billion in residential mortgage-backed securities it insured...
30 Nov 2011
State securities regulators reported bringing 51 percent more enforcement actions in 2010 than they did during the prior year…
30 Nov 2011
South Korea's Samsung C&T and state-run oil firm KNOC are buying U.S. oil and gas company Parallel Petroleum from private equity firm Apollo, in a deal that enables the Samsung Group to expand its natural resources business...
30 Nov 2011
Goldman Sachs Group Inc Chief Executive Officer Lloyd Blankfein may be asked to testify in a market regulator's insider-trading case against a former director of the Wall Street bank...
30 Nov 2011
Commodity trader and miner Glencore has pulled out of its planned $475 million acquisition of the owner of Peru's Mina Justa copper project, citing the seller's failure to satisfy necessary conditions...
30 Nov 2011
The European Union's markets watchdog will introduce specific rules to better protect investors who want to buy exchange-traded-funds…
30 Nov 2011
Reliance Industries plans to issue a $1 billion 10-year overseas bond, probably early next year, to fund capital spending and possible acquisitions, three sources with direct knowledge...
30 Nov 2011
TMX Group said Canada's commissioner of competition expressed "serious concerns" about the likely competitive effects of Maple Group's proposed…
30 Nov 2011
Communications regulators released a staff report criticizing AT&T Inc's $39 billion plan to purchase T-Mobile USA, even though they agreed…
30 Nov 2011
The world's top four audit firms will have to split up and rename themselves under a far-reaching draft European Union law to crack down on conflicts of interest and shortcomings highlighted by the financial crisis...
30 Nov 2011
Samsung Electronics Co is set to resume selling its Galaxy tablet computer in Australia as early as Friday, after the South Korean technology firm won a rare legal victory in a long-running global patent war with Apple Inc...
30 Nov 2011
AT&T Inc is in talks with Leap Wireless International Inc about a potential sale of some assets to the smaller operator in a last ditch effort to gain regulatory approval for AT&T's proposed T-Mobile USA purchase...
30 Nov 2011
The U.S. Federal Communications Commission granted AT&T Inc's request to withdraw its application for approval of its purchase of T-Mobile USA...
30 Nov 2011
Lehman Brothers Holdings Inc said it has won overwhelming support for its reorganization plan, including from creditors with $400 billion of claims, an important step toward ending its record bankruptcy...
29 Nov 2011
The trustee liquidating MF Global Holdings Ltd's broker-dealer unit asked a federal bankruptcy judge to authorize the distribution of as much as $2.1 billion to about 36,000 former commodities customers, roughly doubling the total payout to $4.1 billion...
29 Nov 2011
TE Connectivity Ltd is to buy Deutsch Group SAS, a maker of heavy-duty electronic connectors, for about 1.55 billion euros as it looks to expand its presence...
29 Nov 2011
Ignore all that brightening economic news coming out of Washington and Wall Street. One of the New York legal world's most favored indicators…
29 Nov 2011
The European Union sets out its stall on Wednesday to shake up an audit market long dominated by the "Big Four" as smaller rivals...
29 Nov 2011
The Financial Industry Regulatory Authority on Monday sanctioned eight brokerages and ten individuals, and ordered a total of $3.2 million…
29 Nov 2011
The U.S. Department of Justice has opened a probe into the $4 billion takeover of Del Monte Corp by private equity investors led by KKR and Co...
29 Nov 2011
Canada's sixth-largest oil producer Nexen Inc said it would sell a 40 percent stake in its northeast British Columbia assets for C$700 million…
29 Nov 2011
Japan's Olympus Corp has launched a review of its business structure, according to an internal memo, amid speculation the 92-year-old…
29 Nov 2011
The U.S. futures regulator said on Monday it will vote at its Dec. 5 meeting on a rule that would prohibit brokerage firms known as futures commission…
29 Nov 2011
The largest buyouts generated some of the best returns for the private equity industry in Europe in the last year, as markets rebounded and firms wrote up…
29 Nov 2011
American Airlines and its parent company AMR Corp filed for bankruptcy on Tuesday after failing to win a labor deal with pilots and suffering from…
29 Nov 2011
Hungary's banks will continue talks with the government on foreign currency lending despite moves by domestic authorities which banks said broke an agreement to freeze any new measures for now, the Bank Association said on Tuesday...
29 Nov 2011
Facebook will be required to get user consent for certain changes to privacy settings as part of a settlement of federal charges that it deceived consumers...
29 Nov 2011
MF Global UK administrator KPMG said it had recovered about $500 million of client assets frozen at the defunct broker and planned to make significant returns to customers...
29 Nov 2011
\PCCW Ltd's telecoms business spin-off, HKT Trust, was little changed in its trading debut in Hong Kong on Tuesday as volatility in global markets and a rich valuation weighed on the high-yield investment trust after its $1.2 billion IPO...
29 Nov 2011
A federal judge angrily threw out Citigroup Inc's proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements...
29 Nov 2011
Facebook, the world's largest Internet social network, is preparing for a initial public stock offering next year...
29 Nov 2011
James Murdoch will probably survive a row with investors to be re-elected as chairman of BSkyB with the support of News Corp but that link to his father's firm, tainted by the phone hacking scandal, could spell more problems with the regulator...
29 Nov 2011
Germany's MAN and Abu Dhabi's International Petroleum Investment Company (IPIC) have agreed to sell their jointly held unit Ferrostaal to Hamburg-based investor MPC, ending more than a year of wrangling over the unit...
28 Nov 2011
Australia's competition watchdog has again postponed a decision on pay TV group Foxtel's $1.92 billion bid for rival Austar, this time at Foxtel's request, sparking talk Foxtel feared the deal was going to be blocked...
28 Nov 2011
The Securities and Exchange Commission on Monday fined three registered investment advisers for failures in their compliance programs...
28 Nov 2011
Private equity group KKR & Co (KKR.N) has clinched a $1.12 billion deal to buy a British maker of equipment to protect against falls…
28 Nov 2011
Twitter has acquired a start-up company that makes software to improve security and privacy for smartphones and other mobile devices…
28 Nov 2011
Anglo Irish Bank Corp, a nationalized lender being wound down by Ireland's government after huge losses, on Monday won the dismissal of a lawsuit…
28 Nov 2011
The judge hearing the Justice Department's challenge of AT&T Inc's plan to buy Deutsche Telekom AG's T-Mobile USA unit has postponed…
28 Nov 2011
A U.S. judge has put the Securities and Exchange Commission's credibility to the test by rejecting its settlement with Citigroup…
28 Nov 2011
Laredo Petroleum Holdings Inc expects its initial public offering of 17.5 million shares to be priced between $18 and $20 apiece…
28 Nov 2011
Bond insurer Assured Guaranty Ltd filed new claims against JPMorgan Chase & Co over a mortgage-backed security sold by Bear Stearns…
28 Nov 2011
Britain's finance watchdog is to ban retail sales of Traded Life Policy Investments (TLPIs), a form of bet on the lifespan of U.S. policyholders…
28 Nov 2011
The Department of Justice has opened a probe into the $4 billion takeover of Del Monte Corp by private equity investors led by KKR and Co…
28 Nov 2011
In 2010, when the Securities and Exchange Commission brought a case against Citigroup for misleading investors about the bank's exposure to subprime mortgages…
28 Nov 2011
Reinsurer Validus Holdings withdrew its offer for peer Transatlantic Holdings, ending a months-long hostile takeover battle…
28 Nov 2011
HSBC Holdings Plc has proposed a revised $62.5 million settlement with investors in an Irish fund that lost money in Bernard Madoff's Ponzi scheme…
28 Nov 2011
A unit of Royal Bank of Scotland will pay $52 million to resolve allegations by the state of Massachusetts over its role in home loans that the state's attorney general…
28 Nov 2011
A federal judge blocked Citigroup Inc's proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the U.S. Securities and Exchange Commission…
28 Nov 2011
Mobile carrier KDDI Corp said that it would sell up to 200 billion yen ($2.6 billion) of convertible bonds and use the money to buy back its own shares from Tokyo Electric, the operator of the crippled Fukushima nuclear plant…
28 Nov 2011
The U.S. economy may face a graver threat from Europe's debt crisis than is currently thought, the Organization for Economic Co-operation and Development said in a report warning the recovery could be derailed...
28 Nov 2011
The European Central Bank should make a commitment to buy euro zone bonds once their yields get to a pre-announced level as a way of capping interest rates and calming Europe's debt crisis, OECD chief economist Pier Carlo Padoan said...
27 Nov 2011
Reuters found a Japanese banker who is a key figure in the Olympus Corp accounting scandal at a luxury apartment block in Hong Kong on Sunday, where he exploded in anger at finally being tracked down...
27 Nov 2011
Chinese carmaker Geely Automobile Holdings Ltd said on Monday that it will raise its holding in five key operating subsidiaries to 99 percent from 91 percent for about 817 million yuan ($128.16 million) to improve group profitability...
26 Nov 2011
Driven by antitrust concerns, U.S. regulators are fighting hard to block AT&T's $39 billion deal to buy Deutsche Telekom's T-Mobile USA. But, in an ironic twist, smaller U.S. wireless rivals may suffer more if the deal is blocked than if it is approved…
25 Nov 2011
A Japanese government panel will propose mandatory appointments of outside directors on boards of large firms in the hope of averting the kind of accounting scandal that has engulfed Olympus Corp…
25 Nov 2011
AT&T Inc is considering an offer to divest a significantly larger portion of assets than it had initially expected, in order to salvage its $39 billion deal to buy T-Mobile USA…
25 Nov 2011
Dutch cooperative Rabobank agreed to sell its majority stake in private Swiss bank Sarasin to Brazilian-Swiss private bank Safra for 1.04 billion Swiss francs ($1.13 billion), scuppering chances of a domestic tie-up sought by rival Julius Baer…
25 Nov 2011
Activist investor Ralph Whitworth's Relational Investors LLC fund announced a large stake in Par Pharmaceutical Cos Inc and said the generic drugmaker's management should consider strategic alternatives if the stock continues its poor run…
25 Nov 2011
Australia's government approved on Friday SABMiller's A$11.5 billion ($11.2 billion) deal to acquire Foster's Group Ltd under foreign acquisitions laws, but imposed conditions requiring the company to keep brewing operations in Australia...
25 Nov 2011
Exchange operator CME Group Inc <CME.O> fined Infinium Capital Management, a U.S. high-frequency trading firm, a total of $850,000…
25 Nov 2011
A BankAtlantic Bancorp Inc investor has filed a lawsuit in Delaware state court to block the sale of the bank holding company's primary operations to a rival, the first major outside challenge to one of the largest U.S. bank deals this year…
25 Nov 2011
A behind-the-scenes tussle for control over a 7.5 billion euro ($10 billion) share sale by Italy's Unicredit has shown how increasingly tense market conditions are driving a wedge between investment banks…
25 Nov 2011
South Korea's KDB Financial Group, a holding company of state-run Korea Development Bank (KDB), is in talks to buy HSBC Holdings Plc's retail banking operations in the country, its chairman said...
25 Nov 2011
Chow Tai Fook Jewellery Group Ltd could raise up to $2.83 billion, which would be the biggest Hong Kong initial public offering of the year, tapping volatile equity markets to fund the purchase of diamonds and gold and pay down debt...
25 Nov 2011
A British court has suspended a competition probe into Ryanair's minority stake in Irish rival Aer Lingus to allow an appeal against the investigation, Ryanair said on Friday...
25 Nov 2011
AT&T said it would take a $4 billion charge in case its takeover of T-Mobile USA fails, a tacit recognition of the dwindling chances that the deal will get through U.S. regulators who say it would destroy jobs and curb competition...
25 Nov 2011
A Canadian consortium aiming to buy the operator of the country's largest exchanges said the C$3.8 billion deal would likely win regulatory approval, its…
24 Nov 2011
Market turbulence won't likely dissuade a wave of Canadian merger and acquisition activity in coming months as private equity funds deploy piles of cash for new investments and seek buyers for their mature assets…
24 Nov 2011
Nippon Life Insurance Co reiterated on Thursday that it will continue to support Olympus Corp, which is being probed by investigators in one of Japan's biggest accounting scandals...
24 Nov 2011
JP Morgan has dramatically boosted its influence in the battle to acquire the London Metal Exchange by increasing its stake this week to become the biggest shareholder…
24 Nov 2011
Suzuki Motors has filed for international arbitration in a bitter dispute with Volkswagen AG after the German automaker refused to sell back its 20 percent stake in the Japanese company...
24 Nov 2011
Deutsche Telekom and AT&T withdrew their application for approval by the U.S. Federal Communications Commission of a planned $39 billion deal for T-Mobile USA to focus on obtaining the green light from the U.S. Department of Justice...
24 Nov 2011
Mortgage insurer PMI Group Inc (PMI.N) filed for Chapter 11 bankruptcy protection on Wednesday, following the seizure last month of its main operating unit by Arizona insurance regulators…
24 Nov 2011
India is on track to launch a credit default swap market by the end of the year, moving ahead with plans despite widespread disquiet over the product amidst…
23 Nov 2011
Former customers of MF Global Holdings Ltd got some good news on Tuesday, as the bankruptcy trustee secured more assets and the CME Group Inc expanded a guarantee to speed the return of frozen funds...
23 Nov 2011
Poland's competition watchdog UOKiK has fined the country's four mobile telecoms service operators, including units of France Telecom and Deutsche Telekom, a total of 113 million zlotys ($34 million) for anti-competitive conduct in the mobile TV market...
23 Nov 2011
A consortium of Islamic banks and financial industry associations launched the industry's first international Islamic interbank rate on Tuesday, offering a sharia-compliant alternative to traditional interest-based benchmarks...
23 Nov 2011
AT&T Inc was dealt a blow on Tuesday as the top U.S. communications regulator sought to have its planned $39 billion purchase of T-Mobile USA sent to an administrative law judge for review…
22 Nov 2011
Bank of America Corp has reached a settlement with former Countrywide Financial Corp institutional investors who decided not to join a $624 million…
22 Nov 2011
Germany's Bayerische Landesbank has sued JPMorgan Chase & Co to recover losses on nearly $2.1 billion in residential mortgage-backed securities…
22 Nov 2011
Spanish bank Santander SAN.MC> will sell a 7.8 percent stake in Santander Chile STG.SN, worth around $1 billion dollars, to help meet capital…
22 Nov 2011
Denmark's Danske Bank A/S (DANSKE.CO) said on Tuesday Cevian Capital and funds it represents had raised their aggregate stake in Danske…
22 Nov 2011
A federal judge in California signed an order on Monday granting class-action status to retirement funds suing Countrywide Financial Corp for deceptive…
22 Nov 2011
Pfizer Inc agreed to buy privately held biopharmaceutical company Excaliard Pharmaceuticals for an undisclosed sum, to gain access…
22 Nov 2011
China's central bank doubled the size of a currency swap with Hong Kong to 400 billion yuan ($63 billion) on Tuesday, a move aimed at giving the financial centre a bigger relief valve to cope with rising demand for trade settlement in the currency...
22 Nov 2011
Japanese police eager to show they are tough on organised crime could derail regulators' efforts to save disgraced Olympus Corp from the devastating blow of delisting, raising the chances its core business will be bought out by a rival...
22 Nov 2011
Telefonica Moviles Chile, the local mobile telecoms unit of Spain's Telefonica <TEF.MC>, on Tuesday placed bonds worth $213 million on the local market to refinance debt amid an expansion plan, bourse officials said...
22 Nov 2011
J.P. Morgan will soon announce it has bought a 4.7 percent stake in the London Metal Exchange from defunct U.S. brokerage MF Global…
22 Nov 2011
When the CME Group pledged $300 million of its own money to help former MF Global customers get their cash back faster, the exchange was likely…
22 Nov 2011
UnitedHealth Group Inc plans to acquire privately held XLHealth Corp in the health insurance industry's latest deal involving Medicare…
22 Nov 2011
Retail investors are shying away from PCCW Ltd's up to $1.4 billion HKT Trust IPO, leaving the Hong Kong company to lean on…
22 Nov 2011
Shanda Interactive (SNDA.O) said it agreed to be taken private by a group led by its Chief Executive Tianqiao Chen and his family in a deal...
22 Nov 2011
The Tokyo Stock Exchange will takeover its smaller rival in Osaka in 2013 to create the world's third-biggest bourse with listed stocks worth $3.6 trillion…
22 Nov 2011
Wartsila is to buy British engineer Hamworthy for an agreed 383 million pounds ($598 million), with the well-flagged deal boosting the Finnish ship and power plant enginemaker's presence in the fast-growing energy sector...
22 Nov 2011
The pilots and crew of Spanish air carrier Iberia will decide on Nov. 30 whether to take strike action against the company's plans to launch a low-cost carrier with new, and cheaper, personnel, a union spokesman said...
22 Nov 2011
Thomas Cook Group PLC: Acting CEO says very confident lenders will be supportive...
22 Nov 2011
KKR and Japanese trading house Itochu Corp have joined forces in a roughly $7 billion bid for U.S. oil and gas group Samson Investment Co, in a rare link-up between a major private equity firm and a Japanese company...
22 Nov 2011
Chevron's oil spill off the Brazilian coast exposes the major environmental risks of tapping the country's new oil wealth and could further delay development by fueling nationalistic oil politics...
22 Nov 2011
U.S. regulators have informed Bank of America's board that the company could face public enforcement action if they are not satisfied with recent steps taken to strengthen the bank...
21 Nov 2011
A former president at Charles Schwab Corp's investment management unit will pay a $150,000 civil fine to resolve a U.S. Securities and Exchange Commission…
21 Nov 2011
Netflix Inc said it agreed to sell $200 million worth of convertible debt to private equity firm Technology Crossover Ventures…
21 Nov 2011
The maker of Tootsie Roll candy is suing a small shoe company over its Footzyrolls brand of shoes that roll up into compact bundles…
21 Nov 2011
REUTERS - General Motors Co <GM.N> moved on Monday to speed up the restructuring of its money-losing Opel brand, naming its vice chairman and two other senior executives to lead the unit's board.
21 Nov 2011
Some lucky options players appeared to have placed well-timed bullish bets in biotechnology company Pharmasset Inc's calls before Gilead Sciences unveiled an $11 billion takeover bid on Monday...
21 Nov 2011
The UK's Centrica boosted its oil and gas production by a quarter on Monday through buying a string of assets from Norway's Statoil and signing…
21 Nov 2011
Canada's Valeant Pharmaceuticals International Inc said it agreed to buy Australia's iNova Pharmaceuticals from private equity firms…
21 Nov 2011
Oshkosh Corp's board of directors has told shareholders to "disregard" an opposition proxy statement from Carl Icahn, setting up a potential battle between the Wisconsin-based truck maker and the billionaire investor at the company's upcoming annual meeting...
21 Nov 2011
Healthcare products and medical device maker Covidien Plc said on Monday it would acquire privately held BARRX Medical Inc for $325 million…
21 Nov 2011
A congressional "super committee" is expected to formally announce on Monday that its three-month-long effort to forge a $1.2 trillion deficit reduction plan has failed, aides told Reuters...
21 Nov 2011
Australia's government is set to pass laws for its 30 percent mining profits tax later this week after agreeing to lift the starting threshold and promising more scrutiny of coal seam gas projects in a deal to win support from three key independents...
21 Nov 2011
EBay Inc said it acquired the data analysis firm Hunch to help it develop more recommendation technology for its online marketplace…
21 Nov 2011
The shortfall of commodity customer funds at MF Global Holdings Ltd may be around $1.2 billion, about double initial estimates from regulators…
21 Nov 2011
U.S.-based stock exchange operator Direct Edge plans to open a bourse in Brazil in a move meant to tap the country's fast-growing financial sector…
21 Nov 2011
A company run by former American International Group Inc Chief Executive Maurice "Hank" Greenberg on Monday filed a $25 billion lawsuit…
21 Nov 2011
All of the parties involved in a deal to invest in ailing car maker Saab are still communicating after the expiration of a memorandum of understanding last week, said an executive with Youngman Auto on Monday...
21 Nov 2011
Generous state bank loans to Chinese solar companies, a bone of contention for their Western counterparts, are threatening the financial health of the firms, as they grapple with falling product prices and tumbling demand from their biggest customer, Europe...
21 Nov 2011
The regulatory overhaul in western economies is accelerating moves by the finance industry to shift more business and assets to Asia…
21 Nov 2011
U.S. property and casualty insurer Alleghany Corp said it would buy reinsurer Transatlantic Holdings for $3.4 billion in cash and stock…
21 Nov 2011
Gilead Sciences Inc struck a deal to buy Pharmasset Inc for about $11 billion in a huge bet on hepatitis C treatments to diversify its portfolio...
21 Nov 2011
British publishing group Pearson Plc agreed to buy China's Global Education and Technology Group, which prepares students for English-language tests, for $155 million in cash, extending its reach in China from eight cities to 60...
20 Nov 2011
British insurance takeover specialist Resolution said it had held fruitless talks with Phoenix about buying the company…
20 Nov 2011
Tribune Co., the owner of the Los Angeles Times and Chicago Tribune newspapers, has filed a third reorganization plan with the U.S. Bankruptcy Court in Delaware as the media company attempts to address concerns raised by the court last month...
19 Nov 2011
Twelve top managers at Swiss private bank Sarasin, including its Chief Executive Joachim Straehle, have written a letter to the bank's board…
19 Nov 2011
A former Ernst & Young manager was accused by the U.S. Securities and Exchange Commission of insider trading related to the combination of Activision…
19 Nov 2011
Private equity firm Blackstone Group is set to buy a portfolio of 16 office buildings for about $800 million, the Wall Street Journal reported…
19 Nov 2011
The U.S. futures regulator said on Friday it is granting temporary relief for market participants making a "good faith effort" to comply with a new…
19 Nov 2011
Seven banks that helped MF Global Holdings Ltd sell bonds were sued by pension funds who said the bonds' offering prospectuses concealed problems…
18 Nov 2011
Standard & Poor's plans to update its credit ratings for the world's 30 biggest banks within three weeks and may well mete out a few downgrades…
18 Nov 2011
Medicis Pharmaceutical Corp acquired bankrupt drugmaker Graceway Pharmaceutical LLC for $455 million in a court-supervised auction…
18 Nov 2011
Insured losses arising from the Thai floods could be in double-digit billions, a senior official from global insurer Allianz said, in a disaster that will lead to a re-assessment of weather risks to industry in Asia and to global supply chains...
18 Nov 2011
Navistar International Corp's agreement with investor Carl Icahn to drop a key takeover defense measure shows the truck maker is open to a merger with a rival, such as a part of Oshkosh Corp.
18 Nov 2011
Suzuki Motor Corp and estranged partner Volkswagen seemed headed for arbitration, after VW refused again to sell its 20 percent stake back to the Japanese carmaker and put a floundering two-year alliance out of its misery…
18 Nov 2011
Bank of New York Mellon Corp said on Friday a state judge dismissed two of three of the remaining claims in a Virginia lawsuit seeking about $932 million…
18 Nov 2011
Synacor Inc, partly owned by Intel Corp, filed with U.S. regulators on Friday to raise up to $75 million in an initial public offering, reviving its plans…
18 Nov 2011
Financial exchanges Deutsche Boerse AG and NYSE Euronext are offering to sell some businesses and give rivals access to a major derivatives clearing house to win support from antitrust regulators for their $9 billion merger…
18 Nov 2011
Increasing demands by mobile operators for consolidation across Europe are unlikely to be fulfilled anytime soon as the tough financial conditions forcing the need for change make deals difficult to agree.
18 Nov 2011
(Reuters) The Bank of Spain is considering paying off billions of euros of debt owed by Caja de Ahorros del Mediterraneo in an attempt to secure a sale of the failed Spanish savings bank…
18 Nov 2011
SABMiller will raise its cash takeover offer for Australia's Foster's Group to A$5.40 a share to make up for the loss of a 30 cents capital return after a tax ruling from Australian authorities…
17 Nov 2011
Motorola Mobility Holdings Inc said that its stockholders approved the $12.5 billion deal to be acquired by the search giant Google Inc…
17 Nov 2011
Activist investor Ralph Whitworth is joining Hewlett Packard's board, and reportedly has taken a 1 percent stake in the computer maker…
17 Nov 2011
A U.S. House of Representatives panel will hold a hearing early next month on legislation aimed at preventing members of Congress from making investments based on insider knowledge…
17 Nov 2011
Owners of shell corporations could face stricter disclosure laws when incorporating under legislation introduced this week in the House of Representatives that breathes new life into an old proposal…
17 Nov 2011
Power company Exelon Corp said its proposed merger with rival Constellation Energy was approved by shareholders of both companies…
17 Nov 2011
The battle for a major undeveloped uranium deposit in Canada intensified on Thursday when Anglo-Australian mining giant Rio Tinto raised its…
17 Nov 2011
Groupon Inc opened the IPO window a crack earlier this month and now companies, including Yelp Inc, Angie's List and even social-gaming giant Zynga…
17 Nov 2011
Sbarro Inc's restructuring plan has won court approval, paving the way for the pizza chain to emerge from bankruptcy protection later this month…
17 Nov 2011
U.S. agribusiness giant Cargill secured EU regulatory approval on Thursday to purchase animal feeds producer Provimi from private equity firm Permira…
17 Nov 2011
Oil tanker company General Maritime Corp filed for Chapter 11 bankruptcy protection on Thursday at a time when the shipping industry is grappling…
17 Nov 2011
South Korea's debt-ridden Tomato Savings Bank may find a new owner with Shinhan Financial Group Co Ltd and Woori Finance Holdings Co Ltd…
17 Nov 2011
Australian services firm Spotless Group on Thursday rejected its second takeover offer since May, saying the A$698 million bid from…
17 Nov 2011
Angie's List Inc, which provides consumer reviews of local professionals and businesses, priced its initial public offering at $13 a share, the higher…
17 Nov 2011
Britain has agreed to sell nationalized lender Northern Rock to Virgin Money, the banking arm of Richard Branson's Virgin empire, in a loss-making deal…
17 Nov 2011
Britain's top shares fell on Thursday, in thin trading, tracking weakness on Wall Street after ratings agency Fitch voiced concern over U.S. banks' European exposure, overshadowing positive earnings from UK companies...
17 Nov 2011
Philippine conglomerate JG Summit Holdings Inc said on Thursday it will exercise an option to sell some of its newly-acquired shares in Philippine Long Distance Telephone Co (PLDT) worth $262 million to Japan's NTT Docomo Inc...
17 Nov 2011
Drugmaker Lupin will buy Japan's I'rom Pharmaceutical Co, its second buy in the country, to enter the generic injectables segment...
17 Nov 2011
The United Arab Emirates, the world's fourth-largest oil exporter and home to gold trading hub Dubai, is rapidly becoming a force in trade of another highly valuable commodity: diamonds...
17 Nov 2011
Bombardier Inc. said on Wednesday its aerospace division plans to invest about $200 million over eight years to set up a new manufacturing facility in Morocco, a move by the Canadian planemaker to cut production costs...
16 Nov 2011
Nikko Asset Management said on Wednesday that it plans to list its shares through a 45.5 billion yen initial public offering on the Tokyo Stock…
16 Nov 2011
Rambus Inc lost a $4 billion antitrust lawsuit against Micron Technology Inc and Hynix Semiconductor Inc, erasing more than half of the chipmaker's…
16 Nov 2011
A New York creditor sued to collect 77 million euros owed under notes issued by Hellas Telecommunications II S.C.A…
16 Nov 2011
A U.S. investor sued Japan's Olympus Corp, accusing the scandal-hit company of making false statements about its finances and intentionally hiding losses…
16 Nov 2011
U.S. bankruptcy claims traded in October fell by nearly half from September, according to a report on Wednesday by SecondMarket…
16 Nov 2011
The U.S. Treasury Department is developing long-awaited anti-money laundering rules for investment advisers and plans to involve the Securities…
16 Nov 2011
Trucking and marine freight service provider Trailer Bridge Inc filed for Chapter 11 bankruptcy protection in a U.S. court on Wednesday…
16 Nov 2011
Plains All American, which made an unsolicited $1 billion bid for rival SemGroup last month, urged Semgroup to defer the IPO of a master…
16 Nov 2011
Olympus Corp offered a plan to cut its debt by about 260 billion yen over the next three years to maintain ties with creditors amid a deepening…
16 Nov 2011
What do the International Monetary Fund, Louis Vuitton and Unilever have in common?
16 Nov 2011
A unit of Morgan Stanley agreed on Wednesday to pay $3.3 million in sanctions to resolve charges over a fee arrangement, U.S. securities regulators...
16 Nov 2011
Peabody Energy has acquired 90 percent of its Australian takeover target, Macarthur Coal, allowing the U.S. coal miner to compulsorily buy the remaining shares…
16 Nov 2011
New China Life Insurance Co Ltd, 15 percent owned by Swiss insurer Zurich Financial, has received regulatory approval for the Shanghai leg…
16 Nov 2011
Enbridge Inc surged past its competitors in the race to send large volumes of oil locked up in the U.S. midcontinent to the giant Gulf Coast refining…
16 Nov 2011
Australia's central bank on Wednesday set out the terms of a new liquidity facility that would allow domestic commercial banks to better meet liquidity standards…
16 Nov 2011
The fact that no one has comprehensively defined high-frequency trading has not stopped it from dominating debates over the fairness and stability…
16 Nov 2011
Britain's Serious Fraud Office (SFO) has launched a formal investigation into more than $1.0 billion of obscure payments and acquisitions made by Japan's Olympus Corp., a source familiar with the matter said...
16 Nov 2011
Samsung Electronics said late on Tuesday that it had purchased U.S. provider cardiac testing solutions provider Nexus, marking its second healthcare acquisition this year as the technology giant pushes into new growth areas...
16 Nov 2011
A federal judge rejected BP Plc's bid to use insurance coverage from Transocean Ltd to cover costs stemming from last year's record oil spill in the Gulf of Mexico...
16 Nov 2011
The U.S. government is not taking advantage of an enforcement tool that could potentially hold top Wall Street figures accountable for their role in the recent financial crisis, despite its prior success...
15 Nov 2011
SP Newsprint Co, owned by newsprint magnate and fine art collector Peter Brant, filed for bankruptcy protection because of rising raw material costs…
15 Nov 2011
The European Union unveiled plans on Tuesday to shake up credit rating agencies, although it shelved for now a divisive move for temporary "blackouts"…
15 Nov 2011
An Eastman Kodak investor asked the company on Tuesday to get rid of its poison pill, saying the iconic photography company's move was aimed…
15 Nov 2011
Huawei Technologies, the world's No.2 telecoms equipment maker, plans to buy the remaining 49 percent stake in a joint venture with Symantec Corp that it does not already own for $530 million to bolster its corporate security solutions business...
15 Nov 2011
The IMF warned China on Tuesday it is vulnerable to asset bubbles that could damage the economy and commercial banks could see a systemic failure if hit by a combination of credit, property, currency and yield curve shocks...
15 Nov 2011
Navistar International Corp reached a deal with activist investor Carl Icahn that could put its directors up for election each year...
15 Nov 2011
Low-cost airline easyJet is to make its first ever dividend a bumper payout, as promised, after a 31.5 percent rise in full-year profit that was helped…
15 Nov 2011
Apple Inc moved to shore up its board after the death of Silicon Valley legend Steve Jobs, appointing Walt Disney Co Chief Executive Bob Iger...
15 Nov 2011
Shanghai became the first local government in China to sell bonds directly to investors on Tuesday, in a step aimed at preventing a repeat of the $1.5 trillion in municipal debt that now poses a threat to the economy...
15 Nov 2011
India's Kingfisher Airlines has not defaulted on any loan and all its accounts with banks are standard, Chairman Vijay Mallya said on Tuesday...
15 Nov 2011
The European Union continues its regulatory crackdown on Tuesday with a draft law to rein in credit rating agencies and final approval of curbs on trading in government debt-related derivatives...
15 Nov 2011
A federal judge on Monday said Alabama and Louisiana may seek punitive damages from companies including BP Plc for damages arising from last year's Deepwater Horizon oil spill in the Gulf of Mexico...
15 Nov 2011
Societe Generale , France's second-biggest listed bank, is increasing its headcount in several Asian centres even as it puts some of its businesses in the region under review...
14 Nov 2011
Giant Mexican mobile phone company America Movil said on Monday it held nearly 93 percent of Telefonos de Mexico stock following the preliminary…
14 Nov 2011
Uranium producer Cameco Corp raised its offer for Hathor Exploration by 20 percent on Monday, challenging a friendly takeover…
14 Nov 2011
The U.S. regulator of credit unions said on Monday that it has negotiated settlements totaling just over $165 million with Citigroup and Deutsche Bank…
14 Nov 2011
The New York County District Attorney's office will soon announce enforcement actions against additional foreign banks that helped Iran and other…
14 Nov 2011
Just days after the collapse of MF Global, a healthcare plaintiffs' lawyer registered the domain mfglobal-lawsuit.com -- a sign of the legal business…
14 Nov 2011
A federal appeals court refused to hold Bank of America Corp's Merrill Lynch & Co unit liable for its alleged failure to disclose manipulative conduct…
14 Nov 2011
PBF Energy Inc, a wholly owned subsidiary of PBF Energy Company LLC, filed with U.S. regulators on Monday to raise up to $100 million…
14 Nov 2011
Private equity company Permira said the sale of a 6.4 percent stake in Hugo Boss did not mean it was starting a process to exit the German…
14 Nov 2011
Bank of America Corp plans to sell most of its remaining stake in China Construction Bank Corp for $6.6 billion in cash to boost its capital levels…
14 Nov 2011
As a cash-strapped Europe scrambles to woo China's support for a financial rescue package, human rights groups and dissidents are warning that in taking such help, the West will sacrifice some leverage over China...
14 Nov 2011
The world's biggest jeweler began pre-marketing a planned $3 billion Hong Kong IPO on Monday, as some analysts warned that even with increasing…
14 Nov 2011
Investment bank Evercore Partners Inc said it will acquire a 45 percent non-controlling interest in privately-owned ABS Investment Management…
14 Nov 2011
Italian fashion house Prada SpA, whose June IPO was the biggest in Hong Kong this year, is buying nearly one-fifth of the up to $130 million…
14 Nov 2011
VeriFone Systems Inc said it will buy Stockholm-based Point from Nordic Capital Fund V for about 600 million euros with the aim of…
14 Nov 2011
Warren Buffett said his Berkshire Hathaway Inc has accumulated a 5.5 percent stake in IBM, the billionaire investor's biggest bet in the technology field…
14 Nov 2011
A group of Eastman Kodak debt investors seeking to influence how the company handles a restructuring has hired the Blackstone Group as a financial adviser…
14 Nov 2011
European banks lack of access to dollar funding, which has hampered aircraft financing, is a "short term" issue and planemaker Airbus is closely monitoring the situation, its sales chief said on Monday...
13 Nov 2011
Asia-Pacific leaders pledged on Sunday to bolster their economies and lower trade barriers as they seek to prop up global growth threatened by Europe's debt crisis...
13 Nov 2011
Japan's economy rebounded as expected in the third quarter from a recession triggered by a devastating March earthquake on robust exports and consumption, but persistent yen strength and sluggish global growth cloud its outlook...
11 Nov 2011
Serta Inc sued Oleg Cassini Inc to stop threatened litigation by the fashion designer related to the sale of mattresses bearing the Cassini name…
11 Nov 2011
A bond trustee requested on Friday the appointment of an examiner for the bankruptcy of Dynegy Inc's holding company, saying an investigation…
11 Nov 2011
The bankruptcy of a unit of Dynegy Inc has turned the usual order of payment for creditors upside down, as the power company tries…
11 Nov 2011
The rejection of tax preparer H&R Block Inc's planned acquisition of rival TaxACT bodes ill for AT&T Inc as it attempts to buy T-Mobile...
11 Nov 2011
Italy announced a ban on naked short-selling of stocks on Friday, in a bid to reduce market volatility due to the worsening euro zone debt crisis…
11 Nov 2011
France extended its short-selling ban on the shares of 10 financial institutions by three months from Friday as the euro zone debt crisis spreads…
11 Nov 2011
U.S. coal giant Peabody Energy Corp extended its $5 billion bid for Australia's Macarthur Coal Ltd by two weeks after…
11 Nov 2011
Vivendi's Universal Music Group and Sony won the auction for EMI's recorded music and music publishing operations on Friday, trumping bids by archrivals Warner Music Group...
11 Nov 2011
India's aviation regulator on Friday said it was starting financial surveillance of all airlines as it doesn't want them to compromise on safety because of a cash crunch, Director general civil aviation E.K. Bharat Bhushan told Reuters...
11 Nov 2011
Japan's Olympus Corp risks collapsing under a massive accounting scandal, but the company's big and profitable medical business is likely to emerge from any wreckage unharmed...
11 Nov 2011
A Russian court on Friday rejected a $13 billion lawsuit, filed by TNK-BP minority shareholders against BP, a BP lawyer told Reuters...
11 Nov 2011
Japanese banks backed by more than $6 billion in spare cash are in talks to buy assets from European banks, sources familiar with the discussions said, as euro zone leaders try to coax foreign capital to help overcome the bloc's debt crisis...
11 Nov 2011
Private equity firms including KKR and TPG Capital are looking to potentially buy minority stakes of up to 20 percent in Yahoo Inc with an eye to eventually taking over the whole company, people with knowledge of the situation said...
10 Nov 2011
Lenders will confront Japan's Olympus Corp next week to demand an explanation for an accounting scandal engulfing the firm, a banking source said on Friday, though he denied reports that they intended to seek more security over their loans...
10 Nov 2011
Sitting in China's copper and steel warehouses is a hidden risk to the world's second-largest economy -- banks' indirect exposure to a property market that is showing signs of stress...
10 Nov 2011
Lehman Brothers Holdings Inc , which hopes next month to win court approval of its bankruptcy reorganization, agreed to a $40 million settlement…
10 Nov 2011
Commodities giant Glencore has signed a deal to buy energy trader Mercuria's 15 percent stake in South Africa's Optimum Coal Holdings…
10 Nov 2011
IntercontinentalExchange Inc Thursday added its voice to an anguished chorus of commodity traders calling for MF Global's bankruptcy court…
10 Nov 2011
U.S. securities regulators on Thursday charged Chinese software company Longtop Financial Technologies Ltd with failing to file current…
10 Nov 2011
Japan's scandal-hit Olympus Corp is likely to miss a Monday deadline for reporting its first-half earnings, sources with knowledge of the matter said, a failure that would bring the 92-year-old firm a step closer to delisting...
10 Nov 2011
Payment processor Vantiv Inc filed to go public on Thursday, as appetite for U.S. IPOs seems to be returning following daily deals website Groupon…
10 Nov 2011
Online coupon company WhaleShark Media has raised $150 million in financing from JP Morgan and Institutional Venture Partners...
10 Nov 2011
China's Sinochem Corp plans to raise up to 35 billion yuan ($5.5 billion) via an initial public offering in Shanghai, in what would easily be the biggest IPO…
10 Nov 2011
Nexon Co will sell about 95 billion yen ($1.2 billion) of shares in what would likely be Japan's largest initial public offering this year, according to…
10 Nov 2011
UBS is shutting its asset-backed securities business in the United States, Swiss newspaper HandelsZeitung reported on Thursday without citing…
10 Nov 2011
UBS AG was charged by the U.S. Securities and Exchange Commission with faulty recordkeeping related to short-sale orders, and settled…
10 Nov 2011
Nabors Industries Ltd said on Wednesday that U.S. financial regulators had started an informal inquiry in September into its executive benefits…
10 Nov 2011
Reliance Mediaworks LtdL, part of billionaire Anil Ambani's group, said on Thursday its board will explore options for restructuring its business, including creating subsidiaries for exhibition and film and media services divisions...
10 Nov 2011
Former MF Global customers like Koch Industries, who pulled billions of dollars out of the stricken broker's accounts weeks or months before its collapse, have counted their blessings in recent days...
10 Nov 2011
Legislators in Alabama's Jefferson County on Wednesday voted 4 to 1 to file for bankruptcy court protection in what would be the biggest municipal bankruptcy in U.S. history...
9 Nov 2011
Goldman Sachs Group Inc sold $1.1 billion of shares in Industrial and Commercial Bank of China Ltd (ICBC) late on Wednesday, less than originally expected as global markets plunged on concerns of a worsening of the European debt crisis...
9 Nov 2011
To paraphrase Hustle & Flow's theme song, it's hard out there for a securities class-action lawyer. Congress and the U.S. Supreme Court have spent…
9 Nov 2011
A federal judge made clear he has big problems with a U.S. regulator's approach to settling major securities fraud cases, perhaps imperiling…
9 Nov 2011
Attorneys from Dewey & LeBoeuf have been tapped to represent the unsecured creditors' committee in the bankruptcy of fallen futures firm MF Global…
9 Nov 2011
Securities regulators approved strict new listing standards for reverse merger companies on Wednesday amid a rash of recent accounting scandals…
9 Nov 2011
Nixon Peabody and two of its attorneys have been sued by an Illinois technology firm claiming that the lawyers were part of a scheme…
9 Nov 2011
The shock waves of Europe's debt crisis will take a toll on corporate America, particularly sellers of cars, consumer products and basic materials…
9 Nov 2011
Legislators in Alabama's Jefferson County on Wednesday voted 4 to 1 to file for bankruptcy court protection in what would be the biggest...
9 Nov 2011
A new capital-raising method known as crowdfunding is a good idea, but it needs more restrictions to ensure that investors are protected…
9 Nov 2011
Solar companies will continue to go bust as a natural part of the industry's coming of age that will make it ever more competitive relative to fossil fuels…
9 Nov 2011
The U.S. Securities and Exchange Commission filed a record number of cases in the last fiscal year, including those related to the financial crisis…
9 Nov 2011
Germany is set to retain its influence over Airbus' parent group EADS EADS.PA after Chancellor Angela Merkel's coalition partner…
9 Nov 2011
Goldman Sachs Group Inc faces lawsuits over $15.8 billion worth of mortgage securities, the bank said in a regulatory filing on Wednesday…
9 Nov 2011
The financing backing Vista Equity Partners' acquisition of the trade and risk management software business of Thomson Reuters , including flagship product Kondor, has been agreed, banking sources said on Wednesday...
9 Nov 2011
Private equity firm TPG Capital has teamed up with two energy industry veterans to form a new venture with an initial capital of up to $1 billion…
9 Nov 2011
The largest foreign investor in Japan's Olympus demanded the resignation of the company's entire board and urged Japanese authorities to resist…
9 Nov 2011
London-based jeweler Graff Diamonds plans to raise about $1 billion in a Hong Kong listing next year, a move to fund further expansion in Asia and capitalize…
9 Nov 2011
Goldman Sachs Group Inc is seeking to raise up to $1.54 billion by selling 2.4 billion shares in Industrial and Commercial Bank of China Ltd…
9 Nov 2011
Losses on securities investments at the core of a scandal rocking Japan's Olympus Corp may have once exceeded $1 billion…
9 Nov 2011
Polish media mogul Zygmunt Solorz-Zak has signed a deal to buy Poland's No.2 mobile operator Polkomtel in the country's largest ever takeover, the Polish sellers said on Wednesday...
9 Nov 2011
A Dubai-based private investor has been fined a record $9.6 million for manipulating the securities of Indian refining giant Reliance Industries on the London Stock Exchange as the UK regulator stretches overseas to curb market abuse...
9 Nov 2011
Tata Consultancy Services, India's leading software services exporter, said on Wednesday it won a $2.2 billion order, boosting its shares more than 3.5 percent in a flat market...
9 Nov 2011
Even though they are first in line to be paid back under broker liquidation rules, customers of bankrupt MF Global Holdings Ltd's brokerage may not get all their money back...
9 Nov 2011
Wells Fargo & Co has agreed to settle class-action lawsuits filed by various municipalities alleging bid-rigging by Wachovia's municipal derivatives group...
9 Nov 2011
NTT said on Wednesday it will spend up to 220 billion yen ($2.8 billion) to buy back up to 3.48 percent of its shares, and will cancel 8.66 percent of its shares...
8 Nov 2011
A federal judge ordered Raj Rajaratnam, the Galleon Group hedge fund founder sentenced to 11 years in prison for insider trading, to pay a record…
8 Nov 2011
Restaurant chain operator Little Sheep Group Ltd said on Tuesday China's Ministry of Commerce had given the green light to a buyout bid…
8 Nov 2011
A top Justice Department official said on Tuesday the agency will clarify next year what triggers anti-corruption probes into U.S. corporations…
8 Nov 2011
Citigroup's $285 million settlement with the Securities and Exchange Commission now seems to pass muster. Judge Jed Rakoff raised…
8 Nov 2011
The board that writes the rules for the U.S. municipal bond market wants to change its definition of who qualifies as a "sophisticated investor,"…
8 Nov 2011
Wells Fargo & Co has agreed to settle class-action lawsuits filed by various municipalities related to allegations of bid-rigging by Wachovia's…
8 Nov 2011
Luxury and retail group PPR SA said on Tuesday that it would take over Brioni, an Italian fashion brand, for an undisclosed price in a move…
8 Nov 2011
The Justice Department's antitrust division is prepared to take AT&T Inc to court to stop its acquisition of T-Mobile USA from Deutsche Telekom AG, U.S. Attorney General Eric Holder told lawmakers on Tuesday...
8 Nov 2011
Japan's Olympus admitted on Tuesday it hid losses on securities investments dating back two decades, bowing to weeks of pressure to explain…
8 Nov 2011
The U.S. Treasury Department said on Tuesday it will begin selling warrants to buy stock in an undisclosed number of banks in coming weeks…
8 Nov 2011
Express Scripts Inc said it agreed to cut the termination fee on its pending $29 billion takeover of Medco Health Solutions Inc...
8 Nov 2011
Car maker Saab will still for now enjoy legal protection from creditors, the court-appointed lawyer overseeing a reconstruction process…
8 Nov 2011
Irish drinks group C&C on Tuesday said it had bought the second largest cider brand in the United States to boost its share in a market that last year grew ten times as fast as its core UK market...
8 Nov 2011
The FSA has fined Royal Bank of Scotland's private banking arm Coutts 6.3 million pounds for failings related to sale of a fund product during the run up to the financial crisis...
8 Nov 2011
Aki Tsurumaki says he never felt his life was in danger during the 15 years he has been helping companies escape entanglements with Japan's "yakuza" crime syndicates...
7 Nov 2011
Scandal-hit Olympus revealed on Tuesday it had found that funds related to its purchase of British medical equipment maker Gyrus as well as three domestic firms were used to hide losses on securities investments dating back to the 1990s...
7 Nov 2011
Australia's parliament passed laws that impose a price on carbon emissions on Tuesday in one of the biggest economic reforms in a decade, giving new impetus to December's global climate talks in South Africa...
7 Nov 2011
Reaching new powers in an overhaul of the country's regulatory regime...
7 Nov 2011
Chipmaker InvenSense Inc filed with regulators to sell fewer shares at a lower price range than it had initially expected in its initial public offering…
7 Nov 2011
U.S. financial regulators are getting closer to issuing their next major proposal to reform money market funds and are contemplating two possible options…
7 Nov 2011
The U.S. Supreme Court on Monday ruled for KPMG LLP and said arbitration should be considered for some claims in a lawsuit alleging…
7 Nov 2011
The owner of Saab cars scrambled on Monday to save a rescue deal for the Swedish auto brand after General Motors Co said it would…
7 Nov 2011
Warburg Pincus LLC and Goldman Sachs said on Monday they would buy a majority stake in a hosting and online services firm from private equity…
7 Nov 2011
Shares of energy producer Dynegy Inc rose almost 28 percent on Tuesday after it engineered an unusual bankruptcy filing that could leave shareholders...
7 Nov 2011
The United Arab Emirates' market regulator has published new draft rules on short-selling and borrowing , asking investors for feedback…
7 Nov 2011
The Securities and Exchange Commission and Citigroup Inc tried on Monday to convince a skeptical judge that a proposed $285 million civil settlement…
7 Nov 2011
Law firms seeking to recruit partners from a foundering rival firm have a tricky job to do…
7 Nov 2011
Creditors of Chilean retailer La Polar agreed to a debt restructuring on Monday, the company said, averting a bankruptcy for the firm…
7 Nov 2011
Bank of America Corp sold its stake in the largest Pizza Hut franchisee, as the second-largest U.S. bank by assets continues to shed assets…
7 Nov 2011
Sterling Financial Corp said its unit has agreed to buy First Independent Bank to boost its presence in Portland and Vancouver in the U.S. Pacific Northwest...
7 Nov 2011
Mattress Firm Holding Corp filed with U.S. regulators to sell 5.56 million common shares at an anticipated price of $17-$19 apiece…
7 Nov 2011
Amgen Inc said it plans buy back $5 billion of its shares, or about 10 percent of outstanding stock, in a modified Dutch auction, which allows shareholders to choose the price at which they are willing to sell...
7 Nov 2011
A former top banker, weighing into a protest movement in Britain against abuses and excesses of modern capitalism, said on Sunday the market economy had lost "its moral foundations with disastrous consequences"...
7 Nov 2011
Eastman Kodak said it sold its Image Sensor Solutions business to Platinum Equity for an undisclosed sum in a move that will provide…
7 Nov 2011
Delphi Automotive Plc said its initial public offering was priced at $22-$24 a share, valuing the former auto parts unit of General Motors…
7 Nov 2011
Defense contractor General Dynamics said it would buy smaller rival Force Protection Inc for $360 million to expand its armored vehicle business…
7 Nov 2011
Intermolecular Inc, which had filed with U.S. regulators for an initial public offering in July, said it will issue 10 million of its common shares…
7 Nov 2011
U.S. electronics retailer Best Buy Co Inc is buying its British partner out of a fast-growing U.S. mobile phone joint venture for $1.3 billion…
7 Nov 2011
JPMorgan Chase & Co, Bank of America and Wilmington Trust Company were among companies appointed to the unsecured creditors' committee…
7 Nov 2011
European insurers' holdings of bonds issued by the region's banks present no undue concerns to regulators so far, the head of the European Union's insurance watchdog told a German newspaper...
6 Nov 2011
Fears of government intervention and regulatory changes are causing companies in Asia and Europe to refrain from increasing spending despite improved balance sheets since the global financial crisis, a survey by money manager Fidelity Worldwide Investment showed...
6 Nov 2011
Bank of America Corp is considering further reducing its stake in China Construction Bank Corp, a newspaper reported said on Monday, after the bank cut its holding by half in August...
6 Nov 2011
Greek Prime Minister George Papandreou sealed a deal with the opposition on a crisis coalition to approve an international bailout, but details remain thin despite an EU ultimatum for Athens to get serious about tackling its huge problems...
6 Nov 2011
Morgan Stanley Private Equity Asia has taken control of Korean restaurant franchiser Nolboo, a Nolboo spokesman said on Monday...
6 Nov 2011
Olympus Corp's <7733.T> ousted CEO Michael Woodford said he would meet this month with a lawyer from a third-party panel probing past M&A deals at the endoscope maker, Japan's Asahi newspaper reported on Monday...
6 Nov 2011
China is likely to inject more than 1 trillion yuan ($158 billion) into the money market in the next two months via annual subsidies from the Ministry of Finance, the official China Securities Journal on Monday quoted a research report as saying...
4 Nov 2011
The European Commission said on Friday it was opening and in-depth investigation into the proposed purchase by Johnson & Johnson…
4 Nov 2011
The trustee liquidating MF Global's brokerage will have the authority to subpoena documents and examine personnel and the company's affiliates…
4 Nov 2011
Hundreds of millions of dollars of missing client funds from MF Global Holdings Ltd have been found in an account at JPMorgan Chase & Co…
4 Nov 2011
French solar panel maker Photowatt faced collapse on Friday after its parent ATS Automation Tooling Systems Inc said the unit had begun proceedings…
4 Nov 2011
Yahoo has signed confidentiality agreements with several parties interested in buying all or part of the Internet company, according to people familiar…
4 Nov 2011
Sprint Nextel Corp said it could use the proceeds from a private debt offer to fund Clearwire Corp, sending shares in the cash-strapped high-speed wireless…
4 Nov 2011
DLA Piper voted on Monday to appoint former Linklaters managing partner Tony Angel to serve as global co-chairman and senior partner…
4 Nov 2011
MF Global faces a tough task in finding a lender to prop it up through bankruptcy, experts say, increasing the likelihood of a quick fire sale…
4 Nov 2011
Eircom's independent directors have set a Nov. 18 deadline for proposals on how to restructure the Irish telephone company's 3.75 billion euro debt, a source familiar with the situation said on Friday...
4 Nov 2011
Franco-Canadian private equity firm Sagard has emerged as the final bidder for Sara Lee's French refrigerated dough unit, sources familiar with the situation said on Friday...
4 Nov 2011
Even before
MF Global filed for bankruptcy last week, the names of the law firms and attorneys who will be working on the case began to circulate…
4 Nov 2011
Jon Corzine, the former chief executive of collapsed securities firm MF Global Holdings Ltd. hired leading white-collar defense lawyer Andrew Levander…
4 Nov 2011
McGraw-Hill Cos Inc and CME Group will form a joint-venture to combine some of Wall Street's most well-known indicators…
4 Nov 2011
Japan's government on Friday approved a business plan by Tokyo Electric Power , allowing the operator of the crippled Fukushima nuclear plant to receive 900 billion yen ($11.5 billion yen) in taxpayer funds to help pay for compensation...
4 Nov 2011
Securities regulators might have a difficult time as role models for an industry whose public image needs repairing after a series of their own infractions…
4 Nov 2011
U.S. regulators still sore from the beating they took over the financial crisis are scrambling to ensure they avoid the blame for the collapse…
4 Nov 2011
The collapse of MF Global Holdings Ltd is likely to spawn tougher rules for futures industry clearing firms and brokers, said securities industry…
4 Nov 2011
Jon Corzine, one of Wall Street's best-known stars, stepped down as MF Global Holdings Ltd's chairman and chief executive after his bets on European debt...
4 Nov 2011
Reinsurer Transatlantic Holdings Inc rejected a sweetened bid from Validus Holdings Ltd, saying the offer was still substantially lower…
4 Nov 2011
Anglo-Swiss miner Xstrata said it was set to sell $3 billion worth of bonds and planned to use the proceeds to repay debt and for general…
4 Nov 2011
Global miner Anglo American is set to take control of diamond giant De Beers, buying out the Oppenheimer family in a $5.1 billion deal…
4 Nov 2011
Groupon Inc raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by an Internet company since Google…
4 Nov 2011
(Reuters) Oi, Brazil's biggest diversified telephone company, obtained $1 billion in a five-year revolver credit facility from a pool of nine banks led by the securities units of Bank of America, HSBC Holdings Plc and Royal Bank of Scotland...
4 Nov 2011
International law firm Allen & Overy is in preliminary talks with Singapore's Allen & Gledhill for a potential tie-up, both firms told Reuters on Friday...
3 Nov 2011
India's telecoms regulator on Thursday proposed a relaxation of guidelines for mergers and acquisitions in the sector that if implemented by the government…
3 Nov 2011
The Great Atlantic & Pacific Tea Co Inc, once the largest U.S. supermarket operator, said on Thursday it lined up $490 million of financing…
3 Nov 2011
A federal judge ordered Morgan Stanley to defend against a lawsuit by Singapore investors that accused it of selling them risky debt…
3 Nov 2011
MF Global Holdings Ltd may have disguised its debt levels to investors by temporarily slashing the debt it was carrying before publicly…
3 Nov 2011
Investors want to lift the "shroud of secrecy" over the proposed $8.5 billion settlement of Bank of America Corp's mortgage-backed securities…
3 Nov 2011
Chesapeake Energy Corp, the second-biggest U.S. producer of natural gas, is planning two deals totaling $3.4 billion for some of its acreage…
3 Nov 2011
Activist investor Carl Icahn revealed an increased stake in WebMD Health Corp, a day after the company adopted a shareholder rights plan…
3 Nov 2011
Rabobank may have been the first European bank for nine months to raise deeply subordinated hybrid debt in the public markets…
3 Nov 2011
U.S. regulators are launching a broad review into the business practices of failed futures brokerage MF Global Holdings Ltd as their hunt continues…
3 Nov 2011
Yahoo Inc <YHOO.O> is contemplating the sale of a minority stake to a private equity firm followed by a large share repurchase, in a bid to buy time to turn around the Internet company, people familiar with the matter said...
3 Nov 2011
Bermuda-based reinsurer Validus Holdings said it was looking to replace the board of Transatlantic Holdings, which had failed to…
3 Nov 2011
A South Korean consortium of Korean Midland Power Co Ltd and POSCO Engineering & Construction Co Ltd has won a $1 billion contract…
3 Nov 2011
While working to shield U.S. state and local governments from possibly dishonest underwriters, the federal government moved…
3 Nov 2011
The failure of MF Global has highlighted loopholes in the Australian regulatory system which allowed the firm to use client money to hedge…
3 Nov 2011
Billionaire Carl Icahn has raised his stake in U.S. truck and engine maker Navistar International Corp to 9.99 percent from 9.8 percent…
3 Nov 2011
Yunfeng Capital, Silver Lake and other investors completed the purchase of a 5 percent stake in Alibaba Group, parent of listed Alibaba.com Ltd, worth $1.6 billion…
3 Nov 2011
The Securities and Exchange Commission (SEC) has launched a probe into whether MF Global Holdings made misleading statements about the $6.3 billion…
3 Nov 2011
Libya's civil war devastated its economy and banking system. But the revolution has created conditions for strong growth of an industry which made little headway under former dictator Muammar Gaddafi: Islamic finance...
3 Nov 2011
The economy faces a near 50 percent chance of sliding back into recession, even if euro zone policymakers succeed in finding a solution to the bloc's debt crisis, the National Institute of Economic and Social Research said on Thursday...
3 Nov 2011
In its final days before descending into bankruptcy, Jon Corzine's MF Global Holdings may have transferred customer funds to avoid detection by authorities...
3 Nov 2011
Editing by Alex Robson)
2 Nov 2011
Federal prosecutors sued one of the country's biggest private mortgage lenders and its chief executive in connection with charges that they defrauded…
2 Nov 2011
Eurotunnel has lodged a complaint with the French competition authority over a plan to buy assets of troubled Channel ferry operator SeaFrance…
2 Nov 2011
NYSE Euronext (NYX.N) Chief Executive Duncan Niederauer will meet with EU antitrust regulators on November 8 for further talks on its Deutsche Boerse AG…
2 Nov 2011
United Capital Financial Partners Inc said on Wednesday it bought Peak Capital Investment Services for an undisclosed sum as it seeks to build…
2 Nov 2011
The trustee for a bankrupt real-estate investment company has sued Foley & Lardner, claiming that the law firm helped orchestrate a Ponzi scheme…
2 Nov 2011
A firm run by owners of the New York Mets baseball team has agreed in principle to settle a lawsuit by employees who said they lost millions…
2 Nov 2011
A federal judge Wednesday ruled that Sprint and C Spire Wireless can pursue part of their antitrust lawsuit against AT&T Inc's proposed $39 billion acquisition…
2 Nov 2011
Wireless broadband technology firm Alvarion reported better than expected quarterly earnings and announced an acquisition on Wednesday…
2 Nov 2011
MF Global Holdings Ltd failed to protect customer accounts by keeping them separate from its own funds, said a top U.S. exchange regulator, another shock for commodity markets scrambling to contain fallout from the brokerage's bankruptcy...
2 Nov 2011
The Los Angeles Dodgers baseball team said it has agreed with Major League Baseball officials to a court-supervised sale of the team and its media rights…
2 Nov 2011
Discount clothing retailer Syms Corp, famous for saying educated consumers were its best customers, filed for bankruptcy on Wednesday along with its Filene's…
2 Nov 2011
New directors nominated by an activist investor are leading a push to break up Visteon Corp, even though the U.S. auto parts supplier's management…
2 Nov 2011
State-owned China Power International Development Limited said on Wednesday it would form a joint venture with China Coal Energy Co Ltd…
2 Nov 2011
A Japanese investor in scandal-hit Olympus Corp has threatened to file a shareholder suit against managers responsible for controversial M&A deals...
2 Nov 2011
Apparel maker Arvind Ltd said on Wednesday it has divested its entire 40 percent stake in its joint venture with VF Mauritius for 2.57 billion rupees in an effort to reduce debt...
2 Nov 2011
Qantas Airways said on Wednesday it accepted the Australian competition regulator's request to provide further compensation for losses to passengers affected by the carrier's weekend grounding...
2 Nov 2011
A panel set up to investigate the Olympus Corp scandal wants to hear from the firm's ousted British chief executive and will need at least a month to report its findings, the group's head said on Wednesday...
1 Nov 2011
BB&T Corp will buy Florida-based BankAtlantic Bancorp Inc's bank subsidiary with $3.3 billion in deposits, the companies said…
1 Nov 2011
The U.S. Securities and Exchange Commission's internal watchdog has found that regulators should not have destroyed records related to closed preliminary probes…
1 Nov 2011
BB&T Corp will buy Florida-based BankAtlantic Bancorp Inc's bank subsidiary with $3.3 billion in deposits, the companies said…
1 Nov 2011
A regulatory investigation into Avon Products Inc was triggered by the cosmetics company's vice chairman sharing material information…
1 Nov 2011
A federal judge threw out most of a $19.9 billion lawsuit against JPMorgan Chase & Co and a $2 billion case against UBS AG by the trustee seeking money…
1 Nov 2011
The largest shareholder in Viterra Inc urged the company on Tuesday to shake up its board of directors, saying the board is poorly equipped to lead Canada's…
1 Nov 2011
Companies are increasingly taking advantage of securities rules that lets them raise capital without having to go through costly registrations…
1 Nov 2011
A little more than a year after it was spun-off from Citigroup through a public listing, Primerica Inc said it would buy back $200 million of its shares…
1 Nov 2011
Fuji Heavy Industries Ltd , the maker of Subaru cars, is still trying to get approval for a joint venture factory in China and has no update on the status of its application, its president said on Tuesday...
1 Nov 2011
The fallout from the collapse of MF Global Holdings rippled through global exchanges on Tuesday, as operators moved to suspend the U.S. futures broker or limit trades of its customers...
1 Nov 2011
Britain's Serious Fraud Office is encouraging whistleblowers to flush out corporate wrongdoing with a new service designed for company insiders...
1 Nov 2011
The flaws of U.S. plea deals should be a warning for the UK. Top British law enforcers are considering allowing deferred prosecution agreements...
1 Nov 2011
Yahoo Inc will buy online advertising technology firm Interclick Inc for $270 million in cash, the companies said…
1 Nov 2011
Diversified U.S. manufacturer Honeywell International Inc said it would pay $338 million to buy King's Safetywear Ltd, a maker of protective shoes…
1 Nov 2011
Olympus Corp on Tuesday named six men, including a former Japanese supreme court justice, to investigate past M&A deals at the core of a scandal…
1 Nov 2011
Indian hospital chain Fortis Healthcare (India) Ltd said on Tuesday it will buy Singapore-based sister firm Fortis Healthcare International for $665 million…
1 Nov 2011
Indonesia's Bakrie Group is selling a 23.8 percent stake in London-listed Bumi Plc, its joint venture with financier Nathaniel Rothschild…
1 Nov 2011
China's biggest offshore oil producer CNOOC Ltd said talks are still ongoing for a $7 billion bid to buy BP Plc's stake in Argentina-based oil and gas…
1 Nov 2011
Big private equity firms are scrapping over bite-sized deals as they wait for financing markets that seized up over the summer to reopen…
1 Nov 2011
British security firm G4S Plc has pulled the plug on its planned 5.2 billion pounds acquisition of Denmark's ISS ISSHOI.UK after failing…
1 Nov 2011
Denmark's Danske Bank A/S on Tuesday reported a steep drop in third-quarter profits below all forecasts, hurt by falling trading income, and said it would cut 2,000 jobs and start searching for a new chief executive...
1 Nov 2011
China's leading daily-deals website Lashou Group plans to raise up to $100 million in an initial public offering on the Nasdaq to expand its marketing efforts and delivery systems, according to a filing to the stock exchange...
1 Nov 2011
United Arab Emirates shopping mall developer Majid Al Futtaim has appointed HSBC and Standard Chartered to structure its planned sukuk programme ...
1 Nov 2011
Casino operators MGM Resorts International and Boyd Gaming on Monday unveiled a plan to partner with online poker company Bwin.party Digital Entertainment, subject to the legalization of Internet gambling in the United States...
1 Nov 2011
State oil and gas group Petrovietnam has bid for $1.5 billion of ConocoPhillips oil assets in the South China Sea, a senior Petrovietnam official said, its first formal move for the stakes in the disputed waters...