NEWS
October 2009
30 Oct 2009
The assets of Sigma Finance, a collapsed structured investment vehicle, are set to be shared equally amongst its creditors, after Britain's top court overturned a lower court ruling on Sigma's debt repayment...
30 Oct 2009
The ChiNext stock market, China's long-awaited Nasdaq-style second board, debuted on Friday with a speculative surge that more than doubled the price of all 28 stocks during…
30 Oct 2009
Seamark Asset Management Ltd and Growthworks Ltd have agreed to merge and form a mid-sized diversified asset management company, Seamark Chief Executive Brent Barrie said…
30 Oct 2009
Energy company AEI, a former Enron unit that operates power and gas distribution lines in Latin America, canceled its IPO on Thursday, hours after it had slashed the size of the...
30 Oct 2009
Japan's government will set up a new team of ministry officials to work on a bailout for Japan Airlines Corp (9205.T), including bridging loans, Transport Minister Seiji Maehara said…
29 Oct 2009
American International Group Inc,has received billions of dollars in payments in recent months from banks to which it had made collateral payments…
29 Oct 2009
National Mediation Board, a U.S. federal labor-management relations agency, is considering a proposal to allow airline workers to form unions…
29 Oct 2009
A federal judge ordered State Street Corp to pay $89.75 million to settle a lawsuit over mortgage losses, rejecting the bank's argument that the accord may prove unfair depending on how…
29 Oct 2009
Corporate balance sheets may be showing signs of the wear and tear from the prolonged U.S. recession as accounting irregularities are starting to surface…
29 Oct 2009
FMR, the closely held parent of Boston's Fidelity Investments, among the world's biggest fund managers, on Wednesday sold $700 million of senior unsecured notes, according to IFR…
29 Oct 2009
British bus and rail operator National Express Group Plc walked away from a possible merger with rival Stagecoach Plc and will now focus on raising cash by selling shares to cut its debts.
29 Oct 2009
CLSA has been added as a joint sponsor in the more than $2.5 billion Hong Kong IPO of Las Vegas Sands, sources said on Thursday, as other banks fight…
29 Oct 2009
Commercial lender CIT Group Inc, teetering on the brink of bankruptcy, said on Wednesday it has secured $4.5 billion of additional financing…
29 Oct 2009
U.S. regulators are searching for ways to peer into the activities of high-frequency trading, which has blossomed in recent years and now accounts for at least 50 percent of all…
29 Oct 2009
Startup wireless carrier Globalive does not comply with Canada's foreign ownership regulations because it is effectively under the control of its Egyptian-based financial backer…
28 Oct 2009
Hedge fund group Cadogan Management LLC has signed a deal to spin off from Fortis Bank, taking a step that investors expect will attract new assets because it eases uncertainty about the firm's future…
28 Oct 2009
The Brazilian unit of French commodities group Louis Dreyfus said on Tuesday it agreed to take over Brazilian firm Santelisa Vale to create the world's second largest sugar cane processor...
28 Oct 2009
Malaysia's biggest mobile operator Maxis has secured four cornerstone investors who will buy 28 percent of its roughly $3.7 billion initial public offering, Southeast Asia's largest in over a decade…
28 Oct 2009
British Gas owner Centrica Plc said on Wednesday it will sell a 50 percent equity stake in three wind farms to the US-based investment management…
28 Oct 2009
For-profit education provider Apollo Group Inc said regulatory authorities have launched an informal inquiry over its revenue recognition practices, and its shares fell 20.5 percent...
28 Oct 2009
The Treasury Department is in talks with GMAC Financial Services Inc about a possible third cash infusion to the company, an Obama administration official confirmed on…
28 Oct 2009
Billionaire investor Carl Icahn on Tuesday offered CIT Group's small bondholders protection of the value of their debt if these investors…
28 Oct 2009
Hedge fund firm Galleon Group, whose founder has been charged with insider trading, paid $250 million to its Wall Street banks last year and in return received market information that…
28 Oct 2009
Dubai's government placed almost $2 billion in new five-year Islamic bond issues on Wednesday, and bankers said the successful subscription would boost investors' confidence in the…
28 Oct 2009
Deal-hungry international banks and firms flocking to Saudi Arabia say they are struggling to find qualified staff due to an outdated state education system that lacks business focus in an ultra-conservative country…
27 Oct 2009
Rural telecom services provider FairPoint Communications Inc filed for Chapter 11 bankruptcy, under a pre-arranged plan that would cut its debt by $1.7 billion and almost fully transfer its ownership to lenders...
27 Oct 2009
A group of Blackstone Group LP investors has appealed the dismissal of their class-action lawsuit seeking to hold the private equity firm responsible for…
27 Oct 2009
Anonymous trading venues known as "dark pools" are a technological evolution that have benefitted both institutional and retail trading by…
27 Oct 2009
A bankruptcy judge on Tuesday rejected plans by Capmark Financial Group Inc for a Saturday bid deadline for its mortgage servicing business, which it has proposed selling to…
27 Oct 2009
Shareholders of Brazil's Cetip raised 881.4 million reais ($508.01 million) in an initial public offering on Monday, underscoring a strong rebound in the country's capital markets and…
27 Oct 2009
The National Hockey League and U.S. trucking magnate Jerry Moyes agreed to a deal on Monday in which the pro sports league would buy the Phoenix Coyotes franchise…
27 Oct 2009
The number of U.S. bank failures this year reached 106 on Friday, when regulators closed seven more small banks, marking the highest annual level of failed institutions since 1992 during the…
27 Oct 2009
A bankruptcy judge appointed a trustee to take over the liquidation of Thornburg Mortgage after it was discovered that former executives were using staff and equipment to…
27 Oct 2009
Ontario's mutual fund industry is fighting for changes in a new tax regime that it says unfairly targets its products, but government officials say the…
27 Oct 2009
Rocawear maker Iconix Brand Group Inc said it agreed to buy a 51 percent interest in the privately-held Ecko portfolio of brands for $63.5 million as part of its long-term growth strategy…
27 Oct 2009
Al Rajhi Capital, the investment banking arm of the biggest Saudi Islamic lender, Al Rajhi 1120.SE, is arranging two large Islamic bonds, or sukuk, for Saudi firms, executives said on Monday…
27 Oct 2009
U.S. regulators looking into high-frequency trading have asked the industry if institutions are flocking to so-called dark pools and…
27 Oct 2009
Private equity firm The Carlyle Group said it would buy Broadleaf Co, a Japanese maker of software for car maintenance facilities, in a 19.5 billion yen ($212 million) management buyout…
26 Oct 2009
Finance company Ares Capital Corp said it will buy rival Allied Capital Corp in an all-stock deal valued at $648 million...
26 Oct 2009
CIT Group Inc warned bond holders that if they failed to exchange their debt or approve a prepackaged bankruptcy, the commercial finance company -- and its debt investors' returns…
26 Oct 2009
Commercial real estate company Capmark Financial filed for bankruptcy protection on Sunday, wiping out the investment of several private equity firms including KKR…
26 Oct 2009
Dutch bancassurer ING Group NV will split in two as part of a restructuring deal with the European Commission, turning into a…
26 Oct 2009
British Airways, American Airlines and Iberia may have to give up take-off and landing slots for their Oneworld transatlantic alliance to go ahead, the Financial Times reported…
26 Oct 2009
HealthSouth Corp, a U.S. hospital operator, plans to unveil a new corporate bylaw that will reimburse activist shareholders for the expense of…
26 Oct 2009
Billionaire activist investor Nelson Peltz will be elected to Legg Mason Inc's board, the U.S. asset manager said on Monday, in a move that would…
26 Oct 2009
Shares in ICAP fall 1.4 percent, underperforming a firmer blue chip index unsettled by news the firm's U.S. subsidiary has received a formal 'Wells notice' from the Securities and Exchange Commission (SEC)…
26 Oct 2009
Bank of Canada Governor Mark Carney delivered a blunt rebuke to the global financial industry on Monday, saying it had shown insensitivity over high compensation and calling on it to get on board with reforms…
26 Oct 2009
Canada's largest companies, including its big banks and insurers, have agreed to give investors a nonbinding uniform vote on executive pay, avoiding the legislative battle facing…
23 Oct 2009
Poland's top energy group PGE priced shares in its initial public offering, the largest in Europe this year, at 23 zlotys per share, valuing the offering at $2.4 billion...
23 Oct 2009
Liabilities at Japan Airlines Corp would exceed its assets by as much as $8.8 billion if Asia's largest airline by revenues were liquidated…
23 Oct 2009
New York State's highest court on Thursday ruled that the landlords of Manhattan's largest apartment complex improperly raised thousands of rents, further pushing the…
23 Oct 2009
The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the...
23 Oct 2009
Washington Mutual Inc told a federal judge on Thursday that JPMorgan should be forced to return more than $4 billion to the bankrupt holding company, whose bank was seized by...
23 Oct 2009
U.S. drugmaker Merck & Co Inc's $41.1 billion takeover of smaller rival Schering-Plough Corp won approval from European Union antitrust regulators on Friday...
23 Oct 2009
Calpers, the biggest U.S. public pension fund, is reviewing its business relationship with Apollo Global Management, examining fees, performance and the…
23 Oct 2009
Malaysia will extend to 2015 incentives to issue Islamic bonds and set up sharia stockbroking firms to boost the industry, the prime minister said…
23 Oct 2009
Pay czar Kenneth Feinberg emphasized on Friday his ability to claw back pay at any company receiving a taxpayer bailout, but said such an extreme action "will be rare and far between"…
22 Oct 2009
Nortek Inc, a U.S. building products manufacturer owned by private equity firm Thomas H. Lee Partners, has filed for bankruptcy after agreeing on a restructuring plan...
22 Oct 2009
Mining group Anglo American Plc, which appointed a new chairman in August amid a takeover approach, announced a restructuring that will shed a quarter of overhead staff and save $120 million a year...
22 Oct 2009
State-owned Abu Dhabi Invest AD plans to launch a 1.47 billion dirhams ($400 million) private equity fund aimed at buying up stakes in up to…
22 Oct 2009
Boutique investment bank Imperial Capital Group Inc is planning to raise as much as $150 million in an initial public offering…
22 Oct 2009
Cash-rich Nestle SA, the world's biggest food group, said it was speeding up a program to buy back shares and was likely to raise fresh funds from the sale of its stake in eye care firm Alcon…
22 Oct 2009
Bank of America Corp agreed to sell First Republic private bank to a group of private equity investors...
22 Oct 2009
South Korea ended a frustrating losing streak in overseas resource deals with the agreed $1.7 billion takeover of Canada's Harvest Energy Trust, securing oil and gas reserves but…
22 Oct 2009
Adecco, the world's largest staffing company, is buying American rival MPS Group for $1.3 billion (790 million pounds), boosting its high-margin and…
21 Oct 2009
The European Union told Oracle Corp on Wednesday that it has failed to produce hard evidence to placate concerns that its purchase of Sun Microsystems Inc would hurt competition…
21 Oct 2009
Geely Holding's attempt to buy Ford Motor Co's Volvo car unit is in danger of stalling over disagreements about intellectual property rights, a source close to the talks said on Wednesday...
21 Oct 2009
Spain's Grupo Ferrovial, under pressure to reduce its dominance in UK airports, has agreed to sell London's Gatwick for a smaller-than-expected 1.51 billion pounds ($2.46 billion) to a consortium involving…
21 Oct 2009
Malaysia's top telecoms firm Maxis plans to raise at least 10.8 billion ringgit ($3.21 billion) in Southeast Asia's biggest IPO in more than a decade, although the pricing was at the low end of expectations…
21 Oct 2009
Hedge fund Harbinger Capital Partners said on Tuesday it had lost more than a quarter of its stake in sugar maker Tate & Lyle as it has been unable to reclaim them from collapsed bank Lehman Brothers…
21 Oct 2009
Generac Holdings Inc, a private equity-owned maker of portable power generators, filed plans for an initial public offering to raise up to $300 million which it would use to pay down debt…
21 Oct 2009
The Obama administration will shutter programs at the heart of a $700 billion financial bailout but remains focused on supporting a fledgling economic recovery…
21 Oct 2009
State-owned Dubai World on Wednesday declined comment on Wednesday on whether it had repaid about 9.3 billion dirhams ($2.53 billion) in loans it took from its property unit Nakheel in 2008…
20 Oct 2009
Education provider Corinthian Colleges Inc said it agreed to acquire Heald Capital, the parent company of Heald Colleges, in a cash deal valued at about $395 million, including debt…
20 Oct 2009
Britain's High Court ruled that British authorities were within their rights to seize the UK assets of Kaupthing as the Icelandic bank collapsed last year, creditor representatives of the bank said on Tuesday...
20 Oct 2009
EU regulators should block Oracle Corp's plan to buy open source database MySQL via its takeover of Sun Microsystems Inc as Oracle may hinder MySQL's development, two technology and…
20 Oct 2009
Britain's financial regulator plans to force mortgage lenders to check the income of all borrowers, scrapping so-called "liar loans" blamed for helping to fuel bad debt problems at the…
20 Oct 2009
Commercial finance company CIT Group Inc and a group representing its bondholders have agreed on changes to the company's proposed restructuring plan as it looks shore up its finances…
20 Oct 2009
Hyatt Hotels Corp set the size and price range of its planned initial public offering, suggesting the launch of the $931 million deal is imminent despite…
20 Oct 2009
Las Vegas Sands Corp is seeking $1.75 billion to $2 billion five-year financing for its subsidiary, Venetian Macau, almost one year after cancelling a $5.25 billion financing and…
20 Oct 2009
Payments on credit default swaps protecting the loans of Metro-Goldwyn-Mayer will need to be made after the Hollywood studio failed to make a payment due on its loan on…
20 Oct 2009
Private equity firm Cerberus Capital Management is in advanced preparations to take rifle and ammunition maker Freedom Group Inc public, the Wall Street Journal reported on Monday…
20 Oct 2009
Deutsche Bank has agreed in principle to buy ABN AMRO assets from the Dutch state in deal which should clear the way for a merger of…
20 Oct 2009
Adecco, the world's largest staffing company, is buying American rival MPS Group for $1.3 billion, boosting its high-margin and more recession-resilient professional staffing business…
20 Oct 2009
Asset management firm Schroders is setting up a new fund platform to tap into demand for hedge funds from investors seeking safety guarantees through European regulation.
20 Oct 2009
Reform of an accounting rule criticised for amplifying the credit crunch will be more extensive than originally proposed with many banks benefiting…
20 Oct 2009
Qatar is selling a 1.3 billion pound ($2.1 billion) stake in British bank Barclays stoking talk it will use a big profit to make a move on UK food retailer J. Sainsbury…
19 Oct 2009
Educational services provider Princeton Review Inc <REVU.O> said it agreed to buy online career education company Penn Foster Education Group Inc for about $170 million in cash...
19 Oct 2009
Generic drugmaker Mylan Inc said on Monday it will pay $121 million to settle a long-standing civil dispute with the U.S. government involving Medicaid rebates on sales from 2000 through 2004…
19 Oct 2009
Famed corporate raider Carl Icahn said he offered to underwrite a $6 billion loan to CIT Group Inc and complained that horse-trading between the troubled lender and its largest…
19 Oct 2009
Sprint Nextel Corp plans to buy wireless affiliate iPCS Inc for about $426 million excluding debt, and the two companies have agreed suspend all litigation between them...
19 Oct 2009
Stallion Oilfield Services, a Houston, Texas-based oilfield services company, filed for Chapter 11 bankruptcy protection, hurt by a fall in the use of land-based drilling rigs and increased natural gas supply in the United States...
19 Oct 2009
CME Group Inc, the world's largest derivatives exchange, is in talks to take over the Chicago Board Options Exchange in a deal that would value the largest U.S. options market at up to $5 billion…
19 Oct 2009
British bus and rail group Stagecoach confirmed on Sunday it had approached rival National Express about a possible merger...
19 Oct 2009
Australasian outdoor-gear retailer Kathmandu launched a $349 million initial public share offer on Monday, pitching the offer at a level that suggests private-equity exits need to be finely priced to succeed…
19 Oct 2009
Sweeping rule changes meant to shed light on so-called dark pools, where stock-trading is done anonymously, could ultimately hurt the traditional investors that regulators are trying to empower…
19 Oct 2009
British insurer Aviva expects to pocket 1.2 billion euros ($1.79 billion) for future growth and possible acquisitions when it floats Dutch unit Delta Lloyd in western Europe's largest IPO this year…
19 Oct 2009
Creditors of Japan Airlines Corp have rejected the struggling carrier's restructuring plan and are pushing for a cut in debt waivers and details of the use of state funds…
16 Oct 2009
Barclays Capital is still owed billions in assets from bankrupt Lehman Brothers Holdings Inc , whose U.S. broker-dealer business it purchased last year, a Barclays lawyer told a federal judge on Thursday…
16 Oct 2009
The European Commission has abandoned plans to publish laws on bank capital rules this month, the EU executive said, amid a dispute that puts a question mark over its centrepiece reform to the way banks work…
16 Oct 2009
A U.S. judge ruled that loans taken out by homebuilder and financial services company Tousa Inc six months before it filed for bankruptcy involved fraudulent transfers…
16 Oct 2009
Hedge funds and private equity could face more than 3 billion euros in costs and investors could see fund choice shrink by up to 40 percent due to proposed new EU rules…
16 Oct 2009
Two major European banks shed assets for little return on Friday, trading revenue for a chance to get unwanted properties off their books as they contend with pressure to bolster balance sheets and restructure…
16 Oct 2009
U.S. trade regulators could require major concessions in exchange for approving a proposed merger between concert promoter Live Nation Inc and…
16 Oct 2009
Chinese developer Excellence Real Estate Group Ltd plans to raise up to $1 billion from a Hong Kong initial public offering, according to a term sheet…
16 Oct 2009
U.S. insurer RGA will buy part of the North American reinsurance operations of Dutch financial services group ING Group NV, freeing up…
16 Oct 2009
Volkswagen AG set out plans to raise as much as 10 billion euros ($14.9 billion) from shareholders, which analysts said would be enough to make fresh acquisitions as well as merge with Porsche…
16 Oct 2009
LCH.Clearnet shareholders have approved a 330 million euros ($492 million) share redemption scheme paving the way to revamp its structure...
15 Oct 2009
Singapore's third-biggest bank, OCBC, announced its arrival as a serious wealth player on Thursday after clinching a surprise deal to buy Dutch-based ING's private banking unit...
15 Oct 2009
Calpers, the biggest U.S. public pension fund, said on Wednesday it is probing fees paid by outside money managers to win its business...
15 Oct 2009
Exchange operator Nasdaq OMX said on Wednesday it will launch a third trading venue that caters to listings that fall below the standards of its…
15 Oct 2009
Investors holding 24 percent of shares in videoconferencing firm Tandberg snubbed a $3 billion bid from Cisco Systems Inc ,raising prospects of a higher offer from the U.S. network equipment maker…
15 Oct 2009
German industrial conglomerate Siemens agreed to buy Israel's Solel Solar Systems Ltd for about $418 million to expand its business with solar thermal power plants...
15 Oct 2009
Real estate tycoon Donald Trump could regain control of Trump Entertainment Resorts Inc the Atlantic City, New Jersey-based casino operator he founded that is…
15 Oct 2009
Sigma Designs Inc said on Tuesday it agreed to buy Israeli home networking chip firm CopperGate Communications for $160 million in cash and shares...
15 Oct 2009
Dry shipper Genco Shipping & Trading Ltd has filed plans to take a recently formed subsidiary public in an offering of up to $230 million…
15 Oct 2009
U.S. meat processor National Beef filed plans to raise up to $300 million in a U.S.-listed initial public offering…
15 Oct 2009
RHJ International is to buy UK wealth management unit Kleinwort Benson from Commerzbank <CBKG.DE> for 225 million pounds ($359.5 million), the…
15 Oct 2009
Mining group Xstrata Plc gave up pursuing rival Anglo American on Thursday, dropping a merger of equals proposal that would have created a group with a combined market…
15 Oct 2009
Anheuser-Busch InBev, has agreed to sell breweries in nine eastern European countries to CVC Capital Partners for an initial $2.23 billion…
15 Oct 2009
Most executives involved in Islamic finance expect the industry to grow by between 10 and 20 percent over the next three years, a survey published by accountancy firm BDO showed on Thursday…
15 Oct 2009
Google has doubled the number of publishers signed up to its once-controversial book-search service, stopping short on Wednesday of updating a year-old figure of "more than a million" books it has scanned…
14 Oct 2009
An investor consortium led by U.S. buyout giant Kohlberg Kravis Roberts & Co announced on Wednesday that it poured a combined $160 million into a…
14 Oct 2009
Patriot National Bancorp Inc said an investor group led by Michael Carrazza has sued it alleging breach of a letter of intent to acquire a…
14 Oct 2009
National Amusements Inc said it planned to sell shares of CBS Corp and Viacom Inc allowing it to fully pay off debt and retain control of its movie theater chains…
14 Oct 2009
U.S. Bancorp said it signed a deal with BB&T Corp to buy about $800 million in deposits of certain branch locations of BB&T's Nevada banking operations for an undisclosed sum…
14 Oct 2009
A proposal by American Airlines, a unit of AMR Corp, and British Airways to deepen their ties poses serious competition concerns, two senior U.S. senators said…
14 Oct 2009
Fertilizer maker CF Industries Holdings Inc said on Wednesday it is putting up a slate of three nominees for Terra Industries Inc's board, its latest move in a bid to force a deal with its smaller rival…
14 Oct 2009
Bloomberg LP will buy BusinessWeek magazine from McGraw-Hill Companies as the news and data provider seeks to reach a wider audience than its…
14 Oct 2009
Global corporate mergers and acquisitions activity involving sovereign wealth funds increased by six-fold to nearly $22 billion in the third quarter with…
14 Oct 2009
Venture capital firm Kleiner Perkins on Tuesday makes its latest bet on wireless device technology, with high hopes in music recognition and iPhone application developer Shazam...
14 Oct 2009
AT&T, the No. 2 U.S. wireless provider, has won U.S. antitrust approval to buy Centennial Communications Corp on the condition that it sell assets in...
14 Oct 2009
PepsiCo and Anheuser-Busch have agreed to jointly purchase goods and services, from computers to travel, in the United States in a move one expert called a first for large companies…
14 Oct 2009
European Union regulators ended their antitrust case against IACS on Wednesday after the trade group for ship inspection companies agreed to let rivals access its activities and technical data...
13 Oct 2009
Cisco Systems Inc plans to buy wireless telecommunications equipment maker Starent Networks Corp for $2.9 billion, betting that demand for advanced wireless equipment will…
13 Oct 2009
Bank of America Corp agreed to waive legal privileges linked to its purchase of Merrill Lynch in a step that could force the bank to hand over more details of how much it...
13 Oct 2009
Factory-built homes maker Champion Enterprises Inc said its lenders agreed to refrain from taking actions after it failed to make certain payments…
13 Oct 2009
American International Group <AIG.N> has struck a deal to sell its Taiwan life insurance unit for $2.15 billion, marking its largest disposal of a unit since…
13 Oct 2009
The British government on Tuesday watered down proposed new solvency rules for big airports which the industry had claimed would push up the cost of financing development projects…
13 Oct 2009
Russia's top mobile phone operator, MTS, said on Tuesday it has completed the acquisition of a 50.9 percent stake in fixed-line provider Comstar for 39.15 billion roubles ($1.32 billion)…
13 Oct 2009
India's United Spirits, is set to sell new shares worth about $300-350 million to institutions to help cut its debt, after efforts to sell a stake to private equity firms and Diageo failed…
13 Oct 2009
CIT Group Inc is seeing little interest from bondholders in a debt exchange offer aimed at repairing its fragile balance sheet, making bankruptcy increasingly likely…
13 Oct 2009
Privately-owned oil and gas company Chaparral Energy Inc and United Refining Energy Corp, a special-purpose acquisition company…
13 Oct 2009
The Conservatives would reverse government plans to make the BBC share 130 million pounds of the television licence fee with other broadcasters, the shadow culture secretary told the Financial Times…
13 Oct 2009
Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by…
12 Oct 2009
The Chicago Cubs baseball team filed for bankruptcy on Monday as part of the team's planned sale to the Ricketts family by the Tribune Co, according to court documents…
12 Oct 2009
Onyx Pharmaceuticals Inc said on Monday it has agreed to buy Proteolix Inc, a privately held biotechnology company developing cancer drugs…
12 Oct 2009
Egyptian private equity company Citadel Capital is leading a consortium that plans to invest $1 billion in equity in a second-stage petrochemicals refinery near Cairo…
12 Oct 2009
JPMorgan Chase & Co, Credit Suisse Group and Morgan Stanley have agreed to pay $100 million to settle a lawsuit over their role in the collapse of a Philadelphia mortgage lender…
12 Oct 2009
Private equity firm Gulf Capital is looking to invest $500 million in Saudi Arabia, the United Arab Emirates and Egypt, the company's chief…
12 Oct 2009
London's junior market for smallcaps, the Alternative Investment Market (AIM), has regained much of the ground it lost since the end of last year, and...
12 Oct 2009
Mining group Xstrata Plc agreed to sell its 70 percent interest in the El Morro copper-gold project in Chile for $465 million to Canada's Barrick Gold Corp…
12 Oct 2009
Funds advised by U.S. private equity group J.C. Flowers & Co LLC have taken legal action seeking to prevent the full nationalisation of German bank Hypo Real Estate…
12 Oct 2009
KB Home said it is being investigated by the U.S. Securities and Exchange Commission over possible accounting and disclosure issues, adding to the home builder's legal woes as...
12 Oct 2009
Private equity firm Blackstone Group is planning to list up to eight of its portfolio companies, according to a source who received a letter the firm sent…
12 Oct 2009
Private equity giant Kohlberg Kravis Roberts & Co KKR.UL is seeking to invest in the Middle East and North Africa by striking partnerships and teaming up with local players…
9 Oct 2009
Accuride Corp filed for bankruptcy on Thursday and said it had an agreement with creditors to transfer ownership of the maker of commercial vehicle parts to bondholders…
9 Oct 2009
Sunrise Senior Living Inc said it would sell 21 of its assisted living communities to an affiliate of rival Brookdale Senior Living Inc for $204 million…
9 Oct 2009
The U.S. Securities and Exchange Commission has released a draft five-year strategic plan which includes an overhaul of the way it inspects investment advisors in the wake of the Bernard Madoff Ponzi scheme scandal…
9 Oct 2009
Occidental Petroleum Corp said on Friday it had struck a deal to buy Citigroup Inc's commodities trading unit Phibro for roughly its net asset value...
9 Oct 2009
Canadian hedge funds may lose more than 20 percent of their business if the European Union approves a proposed directive restricting foreigners' ability to sell…
9 Oct 2009
Tata Motors Ltd, India's largest commercial vehicle maker, said it raised $750 million by issuing global depositary receipts and convertible bonds…
8 Oct 2009
Canada will prohibit major banks from marketing insurance products on their websites marking a major victory for big insurers in a long-running battle with the banking industry...
8 Oct 2009
British insurer Aviva is to list on the New York Stock Exchange later this month in an effort to boost its profile in the U.S., it said on Wednesday…
8 Oct 2009
Private equity firm Clayton Dubilier & Rice Inc said on Wednesday it agreed to invest $477 million to take a 46 percent stake in commercial cleaning company JohnsonDiversey as part of…
8 Oct 2009
Britain's Lloyds Banking Group said it was still assessing ways to exit or reduce its participation in a state scheme to insure its toxic assets…
8 Oct 2009
Spain's Telefonica offered on Wednesday to buy Brazilian telecommunications company GVT for 6.5 billion reais ($3.7 billion) in cash, seeking to trump a bid by French rival Vivendi…
8 Oct 2009
The U.S. Justice Department is investigating allegations that International Business Machines abused its dominance of the mainframe business to squeeze rivals, Computer and Communications Industry Association Chairman Ed Black said on Wednesday.
8 Oct 2009
Britain's competition regulator has provisionally ruled against the planned merger of Ticketmaster Entertainment and Live Nation, saying it could lead to higher prices and less competition...
8 Oct 2009
U.S. securities regulators said on Wednesday it will appeal a court decision dismissing its insider trading case against Dallas Mavericks basketball team…
8 Oct 2009
The increasing use of dark pools, or venues where stock trades are hidden from public view, is a growing concern for regulators…
8 Oct 2009
Dubai's Emirates airline has issued a $413.7 million bond to finance three Boeing 777-300ER aircraft at a fixed rate of 3.465 percent, the company said in a statement on Thursday...
8 Oct 2009
Bank of America Corp is selling a claim with a face value of about $800 million that it holds against bankrupt Lehman Brothers Holdings Inc, Bloomberg reported citing people familiar with the matter…
7 Oct 2009
Thailand's privately held Thanachart Bank, 49 percent owned by Canada's Bank of Nova Scotia, announced plans on Wednesday for a $1.2 billion rights issue...
7 Oct 2009
Team Health Holdings Inc, a hospital staffing company owned by a unit of private equity firm Blackstone Group, has filed to raise as much as $100 million in an initial public offering...
7 Oct 2009
Park Resorts, Britain's second-largest caravan parks company, said on Wednesday it had secured a 325 million pound ($516 million) debt deal with lenders that include Lloyds Banking Group…
7 Oct 2009
Julius Baer will buy ING's Swiss private banking assets for 520 million Swiss francs ($507 million), the European wealth management industry's biggest deal since the crisis began...
7 Oct 2009
A group of investors led by Starwood Capital Group and private equity firm TPG have won the auction for assets of failed Corus Bank in a deal that will have them pay $554 million, or about 60 cents on the dollar…
7 Oct 2009
U.S. auto parts maker Delphi ended four years in bankruptcy on Tuesday, emerging from Chapter 11 as a private company and removing a major uncertainty for former parent…
7 Oct 2009
A federal grand jury is investigating whether Hilton Worldwide and some of its former executives should face criminal charges for allegedly stealing tens of thousands of pages of confidential documents from…
7 Oct 2009
Some British firms could face fines of a minimum of 24,000 pounds ($38,240) annually by 2015…
7 Oct 2009
Ladbrokes will launch a 300 million rights issue on Thursday, The Financial Times reported citing people familiar with the matter, after betting rival William Hill tapped shareholders for…
6 Oct 2009
Industrial conglomerate Emerson Electric Co agreed to acquire network equipment technology provider Avocent Corp for about $1.2 billion to boost its product offerings…
6 Oct 2009
Europe's top court told EU antitrust regulators on Tuesday to review their veto of drugmaker GlaxoSmithKline's efforts to combat wholesalers exploiting price differentials across the region…
6 Oct 2009
The U.S. Securities and Exchange Commission on Monday adopted a single set of rules for "clearly erroneous" trades...
6 Oct 2009
Anyone else looking to investigate Sequenom Inc may need to take a number and get in line...
6 Oct 2009
The European Commission is expected to detail punitive measures against bailed-out Lloyds and Royal Bank of Scotland this month...
6 Oct 2009
Societe Generale launched a 4.8 billion-euro ($7.02 billion) rights issue on Tuesday to repay 3.4 billion euros of state support and pursue acquisitions...
6 Oct 2009
European companies have raised nearly 10 billion euros ($14.73 billion) so far this year via high-yield or "junk" bond issues, re-opening a market which...
5 Oct 2009
Private equity firm Blackstone Group is in talks to buy Anheuser-Busch InBev NV's theme parks, and a deal could be reached as early as…
5 Oct 2009
RCM, Allianz's equity fund management unit, is launching two new hedge fund products aimed at increasing its assets under management in the sector by more than 50 percent…
5 Oct 2009
Southeast Asia's largest developer CapitaLand will list 20-30 percent of its shopping mall arm in a Singapore initial public offering that sources said could raise at least $1 billion…
5 Oct 2009
Norway's Telenor and Russian partner Alfa Group have agreed to merge their Russian and Ukrainian holdings into a New-York listed mobile operator worth over…
5 Oct 2009
A group of CIT noteholders asked a federal judge to annul a claim on CIT Group Inc assets by Barclays Bank and others, which loaned $3 billion to save the company from bankruptcy this summer…
5 Oct 2009
Private-equity backed West Corp, an operator of call centers and conference calls backed by private equity firms, filed plans on Friday to raise as much as…
5 Oct 2009
Mexican construction company ICA and partner Goldman Sachs placed a package of toll highways on the stock market on Friday, the first use of a new investment vehicle…
5 Oct 2009
The head of the U.S. Federal Deposit Insurance Corp. said on Sunday that she wanted to end the "too big to fail" doctrine and shrink the shadow banking system that operates outside the reach of regulators...
5 Oct 2009
U.S. data storage equipment maker Brocade Communications Systems Inc has put itself on the selling block, the Wall Street Journal said on Monday, citing people familiar with the matter...
5 Oct 2009
The U.S. Treasury Department will announce on Monday that three more funds have met requirements to get government financing that will let them begin purchases of banks' so-called toxic assets…
5 Oct 2009
The administrator for Lehman Brothers Holdings Inc plans to seek permission to remove the claims against the bank from British courts and give out…
5 Oct 2009
Goldman Sachs Group Inc would be due a payment of about $1 billion if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy…
5 Oct 2009
Oil and gas producer Edge Petroleum Corp said it had filed for Chapter 11 bankruptcy protection and agreed to sell nearly all its assets for $191 million to a group of natural gas buyers…
5 Oct 2009
The country's biggest retailer, Tesco, said on Monday it had carried out a sale and leaseback deal for property assets valued at 514 million pounds…
5 Oct 2009
The banking sector will have several years to comply with tougher liquidity rules aimed at ensuring it can navigate sudden market storms unaided, but lenders say the reform process will still hurt business…
5 Oct 2009
U.S. fund manager Florentez Investment plans to launch an Islamic exchange traded fund next year, broadening the limited choice of sharia assets available in the world's top economy…
5 Oct 2009
Greece's Forthnet has offered to buy Wind Hellas in a deal that could value the indebted Greek mobile phone group at about 2 billion euros…
2 Oct 2009
Congressional approval of an Obama administration plan to create a "systemic risk" regulator for the U.S. economy looks more likely...
2 Oct 2009
Russian investment firm Digital Sky Technologies has begun buying more shares in Facebook seeking to expand its stake in the world's No. 1 social networking company...
2 Oct 2009
Onex Corp, one of Canada's leading private equity firms, said on Thursday it would take public a fund that invests in high-yield debt, citing credit…
2 Oct 2009
An investor in redeemable shares of bankrupt theme park operator Six Flags said in a court filing on Thursday that it has a competing plan of reorganization that will pay all creditors in full…
2 Oct 2009
Citadel Investment Group LLC earned about $1 billion (629 million pounds) last year from a unit involved in high frequency trading…
2 Oct 2009
British Airways said on Friday it was not surprised that the European competition watchdog wanted to scrutinise its Oneworld transatlantic alliance with American Airlines and Iberia…
2 Oct 2009
CIT Group Inc launched on Thursday a debt-exchange plan that the struggling lender to small and mid-sized companies hopes will prevent it from filing for bankruptcy...
2 Oct 2009
The London Stock Exchange is in exclusive talks to buy trading platform Turquoise, the centuries-old bourse said on Thursday, as rising competition forces the challenger to throw in the towel...
2 Oct 2009
Amazon.com Inc has settled for $150,000 a lawsuit brought by a high school student and another consumer who claimed the online retailer illegally deleted from their Kindle devices digital copies of…
2 Oct 2009
Finalizing a controversial proposal to give U.S. investors a cheaper and easier way to nominate corporate directors is taking longer than expected and securities regulators will not vote on it until early in 2010…
1 Oct 2009
Eastman Kodak announced in a regulatory filing yesterday, the completion of its previously announced issuance to Kohlberg Kravis Roberts & Co. L.P. (KKR) managed…
1 Oct 2009
Kraft, North America's biggest food group, will step up its charm offensive in meetings next week to persuade US investors to support its offer for…
1 Oct 2009
Fertilizer maker Terra Industries Inc again rejected a takeover bid from larger competitor CF Industries Holdings Inc, saying CF's stock price was inflated because of a takeover…
1 Oct 2009
Gaylord Entertainment Co, a hospitality company, disclosed Tuesday that the company raised over $400 million in a series of transactions...
1 Oct 2009
Private equity firm Kohlberg Kravis Roberts & Co closed a long-awaited deal on Thursday to buy its Amsterdam-quoted fund, becoming a Euronext- listed company...
1 Oct 2009
Britain's Serious Fraud Office wants to prosecute Europe's biggest defense contractor, BAE Systems, for corruption and bribery...
1 Oct 2009
Talks between Bharti Airtel and MTN Group to create the world's third-largest mobile operator collapsed for the second time in just over a year on Wednesday over South Africa's…
1 Oct 2009
Sanofi-Aventis bolstered its drug pipeline by buying eye disease specialist Fovea and expanding its cancer portfolio with an exclusive cancer drug development deal with U.S. biotech Merrimack Pharmaceuticals...
1 Oct 2009
General Motors Co will close Saturn and wind down its dealership network after a deal to sell the faltering brand to Penske Automotive Group collapsed…
1 Oct 2009
The safe harbors attributed to derivatives in bankruptcy are not threatened by a recent, widely-watched decision in a New York-bankruptcy court, according to an internal memo by a trade association…
1 Oct 2009
A U.S. federal judge has rejected bids by both the National Hockey League and Canadian billionaire James Balsillie for the bankrupt Phoenix Coyotes, but upheld the NHL's right to…
1 Oct 2009
China Real Estate Information Corp, a provider of real estate information and consulting services, is planning to raise up to $200 million in a U.S.-listed initial public offering…
1 Oct 2009
U.S. network equipment maker Cisco System is to buy Norway's video-conferencing equipment maker Tandberg ASA for an agreed…
1 Oct 2009
Syndicated lending to companies and projects in the Middle East dropped to a five-year low of $26 billion for the first nine months of 2009, according to Thomson Reuters LPC…
1 Oct 2009
A shareholder of Cadbury is suing the British confectioner's board and chief executive, saying investors "stand to lose out massively" if the company refuses to…