NEWS
April 2010
30 Apr 2010
American International Group has been unable to seal the deal it agreed in October, amid concern in Taiwan that the buyers, battery maker China Strategic and…
30 Apr 2010
Bond insurer MBIA Inc may proceed with claims against Bank of America Corp for alleged fraud by Countrywide, the mortgage company the bank bought in 2008, a New York judge ruled...
30 Apr 2010
British bank Lloyds issued 3.4 billion pounds ($5.2 billion) of residential mortgage-backed securities (RMBS), defying turbulent markets to sell the most widely distributed deal since Lehman's collapse...
30 Apr 2010
China's CNOOC Ltd said it agreed to buy Devon Energy Corp's stake in Panyu oil field in the South China Sea for $515 million, boosting its stake to over 75 percent...
30 Apr 2010
British pay-TV broadcaster BSkyB will delist its American Depositary Shares from the New York Stock Exchange to save on costs and administration, it said in a statement...
30 Apr 2010
Essar Energy has lowered the price for its London IPO to 420 pence per share, sources familiar with the matter said, below the targeted range of 450-550 pence...
30 Apr 2010
Indonesia's biggest phone company, PT Telekomunikasi Indonesia, said on Friday it would borrow nearly $400 million to buy out Singapore interests in its telephone tower business, which it then plans to list...
30 Apr 2010
The United States on Friday placed Russia on its list of countries with the worst records of preventing copyright theft for the 13th straight year, just days after the two nations agreed to...
30 Apr 2010
A small Georgia bank has pulled off a form of alchemy that transforms bad mortgages and foreclosed properties into performing assets in a risky deal that could be…
30 Apr 2010
Skincare products retailer L'Occitane, the first French company to go public in Hong Kong, raised $708 million after pricing its Hong Kong initial public share offering at top of the indicative range…
30 Apr 2010
Global investment banks would need to raise an additional $85 billion to capitalize new companies if proposals are enacted that require banks to separate derivatives trading from...
30 Apr 2010
Futures exchange group Intercontinental Exchange Inc said it agreed to buy Climate Exchange for 395 million pounds ($606.7 million) to create a single trading platform for environmental contracts worldwide...
30 Apr 2010
Asia is home to the world's No.2 and No.3 mobile phone makers in South Korea's Samsung Electronics and LG Electronics, but their presence in the fast-growing and…
30 Apr 2010
The consumer watchdog has dropped most of its investigation into price fixing in milk and butter and will reduce the fines on firms that had accepted some liability in its broader probe of the dairy industry...
30 Apr 2010
U.S. taxpayers stand a reasonable chance of recouping aid to automakers General Motors Co. and Chrysler Group but still face the risk of losses, U.S. Treasury Secretary Timothy Geithner said...
30 Apr 2010
Turkey will "definitely" launch a tender this year to privatise the country's state lottery...
30 Apr 2010
Australia has given foreign-investment approval for Royal Dutch Shell and PetroChina to buy coal-seam gas firm Arrow Energy Ltd for A$3.45 billion ($3.2 billion), Arrow said...
30 Apr 2010
U.S. federal prosecutors are conducting a criminal probe into whether Goldman Sachs Group Inc or its employees committed securities fraud in connection with its mortgage trading...
29 Apr 2010
Dubai World, which is in talks to restructure $26 billion in debt, has made a revised offer to lenders but the sweetened deal is unlikely to satisfy banks, analysts said...
29 Apr 2010
The use by Lehman Brothers bank of a U.S. accounting device to strengthen its balance sheet would not have worked under global accounting rules, a top industry official told the Reuters Global Financial Regulation Summit...
29 Apr 2010
Goldman Sachs & Co, Citigroup Inc and other high-profile banks must defend against allegations by 15 California cities and counties that they conspired to rig bids for municipal investment contracts and...
29 Apr 2010
Goldman Sachs may soon settle its fraud case with the U.S. regulator, the New York Post reported on Thursday, opting to end a legal fight rather than endure a repeat of the public flogging it received...
29 Apr 2010
Huge demand for high definition (HD) services enabled British pay-TV firm BSkyB to post strong third-quarter results, while a legal deal with rivals added to sentiment to send its shares surging...
29 Apr 2010
U.S. investment firm GSC Group Inc had refused to pick securities for a subprime mortgage product, which is at the heart of a fraud lawsuit against Goldman Sachs, saying it was too risky for investors...
29 Apr 2010
Travel reservations firm Amadeus returned to the Spanish stock exchange, defying the country's recent debt downgrade to become Europe's largest flotation this year...
29 Apr 2010
The government also intends to find technologically feasible and economically reasonable solutions to accommodate the clean but unstable electricity production from 150 GW of wind power farms by 2020…
29 Apr 2010
The move could stand in the way of about 110 billion yuan ($16.1 billion) in share issues planned by 45 companies, unnamed sources close to the China Securities Regulatory Commission…
29 Apr 2010
Rupert Murdoch's News Corp is set to gain EU approval to bid for an Italian digital terrestrial TV frequency to compete with Silvio Berlusconi's Mediaset, a source familiar with the situation said...
29 Apr 2010
Thailand's Finance Ministry plans to sell its stake in TMB Bank and will offer it first to Dutch partner ING, which is evaluating its options for the country's sixth-largest lender…
29 Apr 2010
However, an oversupply in the bonds market and mounting debt problems in Greece could sap investor appetite in the near term, meaning that Chinese developers would have…
29 Apr 2010
Prudential Plc has secured South Korean anti-trust approval for its planned $35.5 billion takeover of American International Group Inc's Asian life insurance business, a Korean Fair Trade Commission...
29 Apr 2010
Hewlett-Packard Co announced a $1.2 billion deal to buy Palm Inc, betting it can resuscitate the struggling smartphone maker to compete with the likes of Apple Inc and RIM...
28 Apr 2010
South Africa's MTN said it was in talks to buy Egypt's Orascom Telecom to create the world's fourth-largest mobile phone operator, but Algeria said it would block a key part of the $9 billion deal...
28 Apr 2010
There is no shortage of crude oil in the market and inventories are at their highest in more than 62 days ...
28 Apr 2010
Middle Eastern countries, undeterred by low world wheat prices, plan a fresh wave of deals to lease farmland abroad...
28 Apr 2010
The executive chairman of Orascom Telecom and its parent Weather Investments has requested a meeting with senior members of the Algerian government to discuss their concerns over a sale of Orascom's Algerian unit...
28 Apr 2010
Bharti Airtel's first profit drop in three years puts pressure on top mobile operator to quickly integrate its $9 billion purchase of Zain's African assets to help it cope in a cut-rate home market...
28 Apr 2010
The biggest Wall Street energy traders and top producers filed fierce last-minute objections to a proposed plan to limit speculative positions in U.S. oil and gas futures, hoping to halt a...
28 Apr 2010
Vivendi's bid to exclude French shareholders from a U.S.-based class action lawsuit on whether it misled investors about a liquidity crisis, was dealt a setback when a French judge said...
28 Apr 2010
Chipmaker Alpha and Omega Semiconductor Ltd said it priced shares in its initial public offering within the expected range…
28 Apr 2010
Italian oil firm ENI has declared force majeure on Nigeria's Brass River oil exports, a company spokesman said on Wednesday, after a disruption to supplies in Africa's largest exporter...
28 Apr 2010
Industrial Alliance Insurance and Financial Services Inc said it bought U.S. life insurer American-Amicable Holding Inc in a move that expands its presence in the U.S. insurance middle-income market...
28 Apr 2010
The UK's only Islamic insurer is selling its subsidiaries to one of its largest shareholders, in a bid to kick-start the moribund sector after it pulled out of the market last year...
28 Apr 2010
Dubai government-owned hotelier Jumeirah Group, a unit of Dubai Holding, said on Wednesday it planned to open ten hotels in the next 18 months, and launch a new hotel brand, after strong results in the first quarter...
28 Apr 2010
Third-largest U.S. oil firm ConocoPhillips has pulled out of its second big ticket Middle East energy project in a month as it focuses investment on oil and gas exploration and away from refining...
28 Apr 2010
LUKOIL, Russia's largest non-state oil producer, launched a new deposit in the Caspian Sea on Wednesday and urged the government to consider easing laws on offshore investment...
28 Apr 2010
Australian takeover target Macarthur Coal left the door open on Wednesday to pursue a new bid for smaller rival Gloucester Coal, while awaiting a formal offer from its U.S. suitor...
28 Apr 2010
Paz Oil, Israel's largest distributor of refined oil products, said on Wednesday it raised 635 million shekels ($170 million) in a public bond offering...
28 Apr 2010
Bharti Airtel and its smaller telecoms rivals are set to report that quarterly earnings were hit by a vicious price war that has sent call tariffs tumbling in the world's fastest-growing mobile services market...
28 Apr 2010
There's no trophy at the end, but Anheuser-Busch InBev and SABMiller are likely to emerge as the brewing winners of this year's soccer World Cup...
28 Apr 2010
Kuwaiti logistics firm KGL said on Wednesday it has filed an objection to the awarding of U.S. military supply contract to a competitor...
28 Apr 2010
Microsoft Corp said it struck a licensing deal with phone handset maker HTC Corp, under which it will get royalty payments on HTC phones running Google Inc's Android operating system...
27 Apr 2010
Prudential faced the makings of a shareholder revolt over its $35.5 billion deal to buy AIA, raising the prospect the deal could fail and adding to pressure for a breakup of the British insurer instead...
27 Apr 2010
The U.S. Supreme Court ruled that a securities fraud lawsuit can proceed against Merck & Co Inc over the pharmaceutical company's disclosures to investors about its withdrawn Vioxx pain drug...
27 Apr 2010
Las Vegas Sands, the world's most valuable gaming company, will open the doors to its multi-billion-dollar Singapore casino, the latest entrant in the fight for Asia's gambling dollar…
27 Apr 2010
Iron Mining International, partly owned by private equity firm Hopu and Singapore's state investor Temasek, has secured a $250 million investment from China Life ahead of its…
27 Apr 2010
Canadian credit unions could challenge the country's big banks for deposits in the personal and commercial banking sector, helped by a legal change that allows them to...
27 Apr 2010
A merger of the United Arab Emirates' two main bourses is imminent, two people familiar with the matter said, with the exchanges seeking to create a single market as…
27 Apr 2010
Private equity firm Apollo Management said it sees investment opportunities in commodities, arguing that the asset class is going to grow, doesn't typically correlate with…
27 Apr 2010
AstraZeneca has won European approval to promote cholesterol fighter Crestor for preventing heart disease in a large new market of people with healthy cholesterol but other heart risks...
27 Apr 2010
Some clients of Goldman Sachs Group Inc complained the investment bank was putting its interests ahead of theirs, according to emails released by U.S. Senate investigators...
27 Apr 2010
When Kuwait Finance House Malaysia helped develop a $1.3 billion real estate project in the country in 2005 as a partner in the deal, Islamic equity property ventures were a rarity...
26 Apr 2010
Goldman Sachs Group Inc and Chief Executive Lloyd Blankfein were hit with a shareholder lawsuit claiming they hid key details about a risky transaction that led U.S. securities regulators to...
26 Apr 2010
U.S. pay czar Kenneth Feinberg sees early signs some Wall Street firms are voluntarily toughening up on the way they pay executives, but he cautions it remains to be seen whether such behaviour becomes permanent...
26 Apr 2010
Mall owner General Growth Properties Inc said a U.S. Bankruptcy Court hearing scheduled for Thursday has been rescheduled to next week, giving it more time to talk to larger rival...
26 Apr 2010
U.S. clinical research company Charles River Laboratories International agreed to buy Chinese rival WuXi PharmaTech for $1.6 billion to expand its presence in China and deepen its expertise in drug-discovery services...
26 Apr 2010
Hertz Global Holdings Inc agreed to buy smaller rival Dollar Thrifty Automotive Group Inc for about $1.2 billion in a deal that will make it the second-biggest U.S. car rental company...
26 Apr 2010
Buyout firm Blackstone and the Wellcome Trust have dropped their joint bid for branches being sold by Royal Bank of Scotland, leaving four suitors in the race, a source familiar with the matter said...
26 Apr 2010
U.S. officials welcomed a new study showing the importance of innovation to U.S. economic growth and promised vigorous action to curb the huge international trade in fake and pirated goods...
26 Apr 2010
Chloride Group has rejected a 723 million pound ($1.1 billion) approach from Emerson Electric, with the U.S. industrials group expected to improve its offer to seal a deal this time around...
26 Apr 2010
The Palestine Telecommunications Co (Paltel) posted a 20.8 percent rise in first-quarter net profit despite starting to face competition...
26 Apr 2010
Differences over how Europe and the United States plan to regulate derivatives is muddying the picture for buyers, who could be saddled with higher costs...
26 Apr 2010
Egypt's Orascom Telecom is in talks to sell its Algerian unit Djezzy to MTN Group and the Algerian government takes a positive view of the sale...
26 Apr 2010
Sany Heavy said it would sell H-shares totaling up to 15 percent of its expanded capital, which would be worth up to about 8.5 billion yuan ($1.25 billion) at its current market value…
26 Apr 2010
"In order to defend the exchange rate, the central bank has to buy foreign exchange flowing into China every day," Zhou Qiren, a newly appointed academic member of the PBOC's…
26 Apr 2010
"Obviously we're looking," O'Neal told Reuters on the sidelines of the Beijing auto show. "We've got a great balance sheet right now and we're out looking”…
26 Apr 2010
Electronic security company Protection One said it would be taken private by affiliates of private equity firm GTCR for about $392 million...
26 Apr 2010
Hong Kong's securities regulator has sought to prevent Julian Robertson-seeded Tiger Asia, a New York-based asset management company, from dealing in listed securities and…
26 Apr 2010
Buyout houses are set to turn to Europe's red-hot high-yield bond market to pay themselves dividends by increasing debt in their companies, a controversial technique widely used before the credit crunch...
26 Apr 2010
A key high frequency trading strategy that has sparked the ire of many institutional investors is coming under increased regulatory scrutiny...
26 Apr 2010
Bezeq Israel Telecom said on Monday it had bought 14.9 million shares in Internet portal Walla Communications for 88.8 million shekels ($23.8 million), or 6 shekels per share...
26 Apr 2010
Syria has given investment banking licences to a Syrian unit that EFG-Hermes is setting up...
26 Apr 2010
The Treasury said it was launching its plan to sell off its 7.7 billion share stake in Citigroup "in an orderly fashion"...
26 Apr 2010
In a major blow to Wal-Mart Stores Inc, a sex-discrimination lawsuit against the retailer can proceed as a class-action case covering more than 1 million female employees…
26 Apr 2010
Stifel Financial Corp, known for its research services, will buy smaller rival Thomas Weisel Partners Group Inc for about $300 million in stock to strengthen its…
26 Apr 2010
London and Paris face a showdown over new rules for hedge funds within weeks of British elections, with both sides refusing to budge on a controversial law to control the secretive industry…
26 Apr 2010
Copper rose to a 10-day high, as optimism about economic growth and demand for the red metal gained the upper hand following strong housing market data from the United States...
26 Apr 2010
Casino operator Wynn Resorts Ltd reported a better-than-expected quarterly net profit, compared with a year-earlier loss, as its revenue in Macau rose nearly 32 percent…
26 Apr 2010
Gold mining shares are set to exceed gains from last year, fuelled by a bullish outlook for gold prices and a pick-up in merger and acquisition activity, potentially giving the…
26 Apr 2010
The global credit crisis may have eased, but the hangover is still punishing some of the largest U.S. borrowers in the credit derivatives market...
26 Apr 2010
Switzerland's economy minister said she hoped parliament would not link a deal between UBS and the United States on disclosing secret bank accounts with questions such as bankers' bonuses...
26 Apr 2010
The Egyptian stock exchange has suspended trade on Orascom Telecom pending the firm's planned announcement of material information...
25 Apr 2010
UAE banks are likely to face the brunt of the Dubai World restructuring in the second quarter, after the central bank told lenders they are not required to book provisions until there is more clarity...
25 Apr 2010
Every Islamic financial institution has a board of Islamic scholars approving banking products and transactions based on their interpretation of Islamic law, or sharia...
25 Apr 2010
"We have a strong partnership with Changan and we're talking about a lot of opportunities for the future," said Joe Hinrichs, who heads Ford's operations in Asia and Africa…
25 Apr 2010
More banks in the Gulf Arab region may convert to Islamic finance in a bid to tap rising demand for sharia-compliant products and to avoid the heavy investment required to launch new banks...
25 Apr 2010
CKE Restaurants Inc said it accepted a $694 million takeover offer from affiliates of Apollo Management and terminated a lower-price pact with Thomas H. Lee Partners...
25 Apr 2010
The Iranian government granted a license for the country's third mobile telephone network to state-owned Tamin Telecom...
25 Apr 2010
Israel will begin allowing people to bring Apple iPads into the country starting on Sunday, two weeks after customs began confiscating the tablet computers for fear they would interfere with other wireless devices...
24 Apr 2010
Saudi Arabia awarded development contracts worth 20.9 billion riyals ($5.6 billion) in the first quarter, down almost 50 percent from last year, as the oil exporter pursues a five-year infrastructure programme...
24 Apr 2010
The further integration of Arabic language capabilities in internet and other technological architecture will grant millions access to the digital world...
24 Apr 2010
DP World will have invested 2.7 billion dirhams ($735.3 million) in developing a section of Callao, Peru's largest port, when completed in 2012...
23 Apr 2010
Goldman Sachs Group Inc's Chief Executive Lloyd Blankfein and other company officials are being sued by shareholders in two lawsuits related to fraud allegations brought by the federal government...
23 Apr 2010
A U.S. Senate panel's probe reveals emails in which credit rating agencies express misgivings about investment products like the one at the heart of a government lawsuit against Goldman Sachs Group Inc...
23 Apr 2010
Lehman Brothers Holdings Inc sued Nomura Holdings Inc, saying the Japanese bank is not entitled to recover the $720 million it claims, and instead owes it tens of millions of dollars...
23 Apr 2010
The listing shows that IPOs are making a comeback on Singapore Exchange, Asia's second-biggest listed bourse, after drying up during the financial crisis…
23 Apr 2010
Jin An, president of Jianghuai, said talks aimed at completing a joint-venture were making progress seven months after the three companies announced they intended to…
23 Apr 2010
Lloyds and Royal Bank of Scotland could face stormy investor meetings in the coming weeks after a leading governance body urged shareholders to oppose the banks' proposed pay plans...
23 Apr 2010
British insurer Prudential Plc said it plans to list in Hong Kong on May 11, and also announced a secondary listing in Singapore as it prepares to fund its $35.5 billion takeover of Asian rival AIA…
23 Apr 2010
Regulators on Friday seized a Chicago bank owned by the family of the Democratic nominee running for the U.S. Senate seat once held by President Barack Obama…
23 Apr 2010
U.S. retailer Sears Holdings Corp said that it would take an additional 17.3 percent stake in Sears Canada Inc, cementing its hold on the Canadian department store chain which it tried to...
23 Apr 2010
A former JPMorgan Chase & Co vice president on Thursday filed a gender bias lawsuit against the bank, claiming she was fired after trying to start a family...
23 Apr 2010
Britain's dominant pay-TV firm BSkyB launched an appeal to suspend a regulatory ruling forcing it to sell its prized sporting content to rivals at a heavy reduction...
23 Apr 2010
Lagardere has asked French regulators to examine whether activist shareholder Guy Wyser-Pratte was misleading investors in his campaign to change the group's governance, a company spokesman said...
23 Apr 2010
Qatar Telecommunications Co (Qtel) has launched general syndication of a $2 billion loan that will result in a reduction in its borrowing costs, the arranging banks announced...
23 Apr 2010
Western carmakers are muscling in on clean-energy and low-end vehicles in China, two areas dominated by domestic firms, as they look to cash in on expected government subsidies and...
23 Apr 2010
Greek media reported the government would request the activation of an EU/IMF aid package at 5 a.m. ET but officials would not confirm the reports as that deadline passed...
23 Apr 2010
Regus, a provider of temporary office space and business lounges, said it had seen a surge in demand for video conferences, making it a rare beneficiary from the closure of European airspace...
22 Apr 2010
UBS and Credit Suisse should change their structure so they could be broken up in the event of an insolvency, thereby limiting the risk to the Swiss economy, a government commission said...
22 Apr 2010
Investment bankers have been lobbying executives at state-owned Agricultural Bank of China and pushing officials in Beijing to drop Goldman as an underwriter for the more than $20 billion IPO the Chinese bank is preparing…
22 Apr 2010
Rural phone company CenturyTel Inc said it will buy Qwest Communications International Inc for about $10.6 billion in stock...
22 Apr 2010
A U.S. Senate proposal to strip the Federal Reserve of some of its regulatory powers could have an unwanted side effect: drastically higher fees on smaller state-regulated banks...
22 Apr 2010
British insurer Prudential Plc is considering a secondary listing on the Singapore Stock Exchange, as part of a wider plan to lure Asian investors to its massive $21 billion rights offer…
22 Apr 2010
Six U.S. initial public offerings made lackluster debuts, signaling that the market for new issues, which has improved in recent weeks, could again be cooling...
22 Apr 2010
The International Air Transport Association estimates that the crisis caused by a volcanic ash cloud above Europe cost airlines revenues of more than $1.7 billion...
22 Apr 2010
Indian conglomerate Essar Group launched an initial public offer in its energy and power businesses to raise about $2.5 billion, said three sources with direct knowledge of the matter...
22 Apr 2010
Mexico's private pension funds are set to make over $1 billion worth of fresh investments in areas ranging from real estate and infrastructure to private equity as the once cautious funds take on more risk...
22 Apr 2010
London and Paris face a showdown over new rules for hedge funds within weeks of British elections, with both sides refusing to budge on a controversial law to curb the secretive industry, said diplomats...
22 Apr 2010
Indian conglomerate Essar Group on Thursday launched an initial public offer of shares of its energy and power businesses to raise about $2.5 billion in a London listing...
22 Apr 2010
Investors flocked to Hungarian and Romanian debt tenders, dragging down yields for the two IMF borrowers and helping them buck rising borrowing costs in the euro zone periphery...
22 Apr 2010
Over the past six years, social networking has been the Internet's stand-out phenomenon, linking up more than one billion people eager to exchange videos, pictures or last-minute birthday wishes...
22 Apr 2010
Six top underwriters of California debt have since 2007 completed over $27.5 billion of credit default swap trades on the state's general obligation bonds, the California Treasurer's office…
22 Apr 2010
British insurer Prudential will try to reassure investors it can seamlessly absorb the Asian arm of AIG next week when it publishes the prospectus for a record $21 billion cash call to fund the takeover…
22 Apr 2010
Hong Kong may be closer to granting its market regulator more enforcement powers, giving it enough teeth to fine or even pursue criminal charges against company directors and...
22 Apr 2010
Alpha Group, a key rival of Canada's main exchange operator, TMX Group Inc, said on Thursday it is seeking full stock exchange status in a bid to expand into new areas such as the listings business…
22 Apr 2010
AXA Private Equity has bought a $1.9 billion portfolio of private equity funds from Bank of America, increasing its presence in the U.S., where it is already a leader in secondary funds of funds...
22 Apr 2010
Scandinavian airline SAS said disruptions from the Icelandic volcano would take a toll on the whole industry as it posted another quarterly loss and warned it was unclear when revenues would stabilise...
21 Apr 2010
European airlines could sue government agencies for grounding air traffic due to safety fears over a volcanic ash cloud if they are not compensated for losses by their own countries, some lawyers said...
21 Apr 2010
U.S. regulators charged a Miami Beach, Florida, philanthropist with fraud for allegedly running a $900 million (584.6 million pound) Ponzi scheme, the Securities and Exchange Commission said...
21 Apr 2010
Ericsson said it would deepen co-operation with smaller Chinese rival Datang, giving the world's top network gear maker a better position in the growing TD-LTE field of mobile wireless…
21 Apr 2010
Canadian copper miner Quadra Mining Ltd said it entered into an agreement with State Grid International Development Ltd, a wholly-owned unit of State Grid Corporation of China…
21 Apr 2010
The proceeds of the sale, which has been expected since late last year, will be injected in the Export-Import Bank of China (China Eximbank), China Export and Credit Insurance Corp…
21 Apr 2010
Lions Gate Entertainment Corp's board rejected Carl Icahn's sweetened bid to buy the movie studio, which it said is still too low...
21 Apr 2010
The U.S. Federal Reserve said it transferred a record $47.4 billion to the U.S. Treasury in 2009 as a result of its programs to help the economy and financial firms during the financial crisis...
21 Apr 2010
Independent power producer Calpine Corp said it will buy 4,490 megawatts of power generation assets from Pepco Holdings for $1.65 billion to expend…
21 Apr 2010
The finance chief of Northern Rock's "bad bank," a former finance director at the lender before nationalisation, has stepped down over an expanding regulatory probe into a mortgage arrears cover-up...
21 Apr 2010
The recovery of platinum prices from multi-year lows hit at the height of global economic panic in 2008 means they are finally approaching pre-crisis levels and, on the face of it, so are the metal's fundamentals...
21 Apr 2010
Visa Inc said that it has agreed to buy CyberSource Corp, a technology company that processes online payments, in a bid to increase its e-commerce business...
21 Apr 2010
Within days -- perhaps even hours -- of news that Goldman Sachs was facing fraud charges from U.S. regulators, rivals seized on a chance to elbow in front of Wall Street's most profitable bank
21 Apr 2010
The chairman of Chinese dairy group Hunan Taizinai, which counts Goldman Sachs and Morgan Stanley among its investors, is set to oppose the struggling company's liquidation…
21 Apr 2010
Paulson & Co, the hedge fund linked to civil fraud charges against Goldman Sachs Group Inc, moved to head off investor concerns about its role in a deal that has scarred the reputation of the Wall Street bank and...
21 Apr 2010
Global miner BHP Billiton has discovered potential violations of anti-graft laws relating to its exploration activities, in another blow to the mining industry's tarnished image...
21 Apr 2010
Sweden's Ericsson has agreed to buy bankrupt Nortel's controlling stake in a venture with LG Electronics for $242 million, to get better access to the Korean telecoms equipment market...
20 Apr 2010
CKE Restaurants Inc said it has deemed a rival $694 million bid from an unidentified party superior to its previously announced deal to be acquired by…
20 Apr 2010
Antitrust enforcers released proposed new guidelines describing how they approach mergers between rivals, with a range of experts describing the revisions as…
20 Apr 2010
Richard Fuld, former CEO of Lehman Brothers, was summoned to Capitol Hill to answer for the collapse of the fallen Wall Street giant, amid signs a vote on historic financial reforms may be delayed...
20 Apr 2010
Billionaire investor John Paulson is buying about a 13 percent stake in American Capital as the business development company gets a much-needed capital infusion to restructure debt…
20 Apr 2010
India will launch a formal dispute against the European Union at the World Trade Organisation (WTO) over EU seizures of Indian generic drugs, a senior trade ministry source said...
20 Apr 2010
Italian industrial group Fiat SpA will spin off its auto business under a new strategic plan, a source said, and shares surged almost 9 percent on the possibility of a demerger...
20 Apr 2010
Investors in Barclays have been urged to vote down the bank's pay report at its annual general meeting next week in a further sign of anger among shareholders over issues such as company pay and strategy...
20 Apr 2010
On Wall Street, where fortunes are made and lost in a minute, reputations are built up and destroyed just as quickly...
20 Apr 2010
CVC Capital Partners and a consortium of Morgan Stanley Infrastructure, 3i Infrastructure and Star Capital have made indicative offers in the…
20 Apr 2010
China's sovereign wealth fund China Investment Corp plans to invest $50 million in L'Occitane…
20 Apr 2010
In a case that could further strain U.S.-China trade ties, U.S. producers of molded "aluminum extrusions" used by the automobile and construction industries filed a petition…
20 Apr 2010
Hedge fund manager GLG Partners Inc said it has hired the founder and partner of a firm which invests in M&A situations to bolster in-house expertise ahead of an expected surge in merger activity…
20 Apr 2010
Private equity firm Apollo has agreed to a deal with Calpers to reduce fees for the pension fund giant, which could translate to $125 million over the next five years…
20 Apr 2010
Sedgwick Claims Management Services Inc said it agreed to be bought by private equity firms Stone Point Capital LLC and Hellman & Friedman LLC for about $1.1 billion…
20 Apr 2010
Unsecured creditors of Lehman Brothers Holdings Inc are looking to probe Ernst & Young LLC to assess if the estate may have causes of action against the auditor arising out of Lehman's use of the...
20 Apr 2010
The Treasury Department said it voted the 7.7 billion shares it owns in Citigroup Inc at the bank's annual meeting, including for a proposal to have a reverse share split…
20 Apr 2010
Aviva, Britain's No. 2 insurer, has opened talks with staff about closing its final salary pension schemes, which offer staff the most secure form of retirement income…
20 Apr 2010
The financial regulator started a formal enforcement investigation into Goldman Sachs, four days after U.S. regulators filed a fraud case against Wall Street's biggest investment bank...
20 Apr 2010
Diversified Emami Group, which makes personal care and consumer care brands under Emami Ltd, plans to acquire an Egyptian personal care products maker in the next 3-4 weeks...
20 Apr 2010
U.S. insurer AIG is considering pursuing investment bank Goldman Sachs over losses incurred on $6.0 billion of insurance deals on mortgage-backed securities, the Financial Times said...
19 Apr 2010
Wal-Mart Stores Inc CEO Michael Duke received a compensation package worth a bit more than $19 million in the fiscal year ended in January, down sharply from $28.2 million a year earlier when he...
19 Apr 2010
Provincial and municipal governments in areas experiencing rapidly rising property prices may temporarily restrict the number of properties people may buy…
19 Apr 2010
Indonesia's state oil firm PT Pertamina is in talks with Saudi state oil giant Saudi Aramco to import 200,000 barrel per day (bpd) of crude oil, Pertamina's president director, Karen Agustiawan said...
19 Apr 2010
South African paper group Mondi said it had swapped some assets with Smurfit Kappa, listed in Dublin and London, in a move to better streamline its operations.
19 Apr 2010
Saudi Arabia's insurance industry is poised for growth in the coming years if customers overcome misgivings about compliance with Islamic law and companies consolidate to gain critical mass...
19 Apr 2010
In Asia, Goldman's corporate clients appeared to be content to stay with the firm despite the legal storm that surrounded the investment bank after Friday's fraud charges from the U.S. SEC…
19 Apr 2010
Goldman Sachs may face legal action from German bank IKB and could be pursued by regulators in Germany and Britain after the U.S. investment bank was accused of duping clients...
19 Apr 2010
Station Casinos Inc said its founding Fertitta family is leading a $772 million bid to acquire most of its assets, which could enable the casino operator to emerge from bankruptcy by...
19 Apr 2010
U.S. miner Peabody Energy's $3.8 billion bid for Macarthur Coal gained traction as one of two rival deals involving the Australian miner hit the skids...
19 Apr 2010
GMR Group is looking to raise an additional $100 million in private equity for its unlisted power business...
19 Apr 2010
Malaysia's central bank is drafting rules to regulate the use of ibrar, or rebate, in Islamic financing contracts to resolve uncertainties in the $95 billion market...
19 Apr 2010
Dubai-based telecoms provider du will pursue a 1 billion dirham ($272.3 million) rights issue to fund infrastructure improvements beyond 2010...
19 Apr 2010
Japan's Mitsubishi Motors Corp said on Monday an Egyptian sales firm is suing it for $900 million in damages, complaining it "unfairly" ended a distribution contract...
18 Apr 2010
Dubai government-owned carrier Emirates said it was losing $10 million per day, reaching a total of $50 million so far, due to flight disruptions caused by ash from an Icelandic volcano...
17 Apr 2010
Saudi Basic Industries Corp (SABIC) beat analysts' forecasts with a 5.43 billion riyals ($1.45 billion) net profit in the first quarter after improvements in both prices and demand...
17 Apr 2010
Two of Saudi Arabia's largest private lenders on Saturday joined rivals in announcing lower first-quarter earnings due mainly to lower lending income, highlighting continued caution after a problematic 2009...
16 Apr 2010
Goldman Sachs Group Inc learned it was facing potential civil liability in the Abacus CDO case sometime in the past six months when it received a "Wells Notice" from the U.S. SEC...
16 Apr 2010
Part-nationalised Royal Bank of Scotland is increasing base pay for investment bankers to offset cuts in potential bonuses, following similar moves made by rivals, people familiar with the matter said...
16 Apr 2010
Medical transcription company MedQuist said it received court approval to buy all the assets of bankrupt rival Spheris Inc for $116.3 million...
16 Apr 2010
Goldman Sachs Group Inc was charged with fraud on Friday by the U.S. Securities and Exchange Commission in the structuring and marketing of a debt product tied to subprime mortgages...
16 Apr 2010
France's Renault is bailing out of a loss-making joint venture with India's Mahindra & Mahindra after disappointing Logan sales, and is expected to focus on other projects in the potentially high-growth market...
16 Apr 2010
The Obama administration's pay czar issued rulings on Friday for a second tier of top earners at bailed-out companies and said far fewer were getting big cash salaries this year than last...
16 Apr 2010
Malaysia awarded on Friday a commercial banking licence to a locally incorporated bank to be owned by Bank of Baroda, Indian Overseas Bank and Andhra Bank...
16 Apr 2010
Software maker Oracle Corp is set to buy drug data management software company Phase Forward for about $685 million, aiming to bolster its health sciences business...
16 Apr 2010
A wave of Chinese companies is washing up on U.S. stock exchanges, using transactions called reverse mergers in order to tap lucrative U.S. financing markets while bypassing normal procedures for IPO...
16 Apr 2010
British Land has bought a prime London West End redevelopment opportunity for 29 million pounds ($45 million), as it seeks to take advantage of rising demand for office space…
16 Apr 2010
Viterra Inc, Canada's largest grain handler, said it launched a global financing facility of C$1.6 billion ($1.60 billion) for working-capital requirements…
16 Apr 2010
Google Inc unveiled its quarterly results in an unorthodox way: The No. 1 Internet search company issued a three-line statement directing readers to its website for the full report…
16 Apr 2010
Toronto-Dominion Bank, Canada's No. 2 bank, said late Friday it acquired assets and liabilities of three troubled Florida banks worth $3.8 billion from the Federal Deposit Insurance Corp…
16 Apr 2010
China's resolve to rein in its red-hot property sector sent shares lower, with analysts expecting further measures to be unveiled later this year if the asset bubble threat persists…
16 Apr 2010
Qatar Telecommunications Co (Qtel) is signing a group of senior banks into a $2 billion loan that will reduce its borrowing costs...
16 Apr 2010
Premier League club Liverpool went up for sale after American owners Tom Hicks and George Gillett appointed Barclays Capital to find a buyer...
16 Apr 2010
Most of Britain's airspace will remain closed until at least 2400 GMT on Friday due to the dangers posed by clouds of volcanic ash from Iceland, aviation officials said on Friday...
16 Apr 2010
Qatar state-owned investment firm Qatari Diar agreed to take a 5 percent stake in Veolia Environnement in a partnership to pursue infrastructure and utilities projects in the Middle East and North Africa...
16 Apr 2010
Around 60 percent of the $24.8 trillion credit derivatives market can rapidly move to central clearing and reduce systemic risk, but moving much beyond that could be counterproductive, according to market experts...
16 Apr 2010
Thomas Cook, Europe's second-biggest travel firm, said on Friday it had raised over $1 billion through new sterling and euro bond issues with the proceeds to be used for general corporate purposes...
16 Apr 2010
Britain's consumer affairs watchdog has slapped a record 225 million pound ($349 million) fine on two tobacco firms and nine retailers for fixing prices of tobacco products between 2001 and 2003...
15 Apr 2010
The U.S. government is looking into whether Hewlett-Packard Co employees were involved in a bribery scheme involving a business contract in Russia, amid a probe by German and Russian authorities...
15 Apr 2010
Dubai Electricity and Water Authority (DEWA) has placed a $1 billion, five-year bond, two sources from the arranging banks said, the first bond from Dubai since its debt troubles emerged...
15 Apr 2010
As the U.S. Senate turns its attention to a massive overhaul of financial regulation, business is battling plans to include measures that would increase the power of the FTC…
15 Apr 2010
Russia's top drilling firm, Eurasia Drilling, will pay a lump sum of $77 million to its main owner, Alexander Djaparidze, after raising $227.5 million by placing its treasury stock on the market…
15 Apr 2010
Genzyme Corp has moved again to strengthen its defenses against billionaire investor Carl Icahn, who is seeking four seats on the biotechnology company's board...
15 Apr 2010
Dubai World offered creditors a 1 percent interest rate on two new tranches of debt as part of its restructuring plan, but they rejected it as too low...
15 Apr 2010
Beijing, which has close economic ties with Tehran, has resisted sanctions proposed by Western powers on Iran's energy sector that aim to press the Islamic Republic to curb its nuclear program…
15 Apr 2010
"This is a positive step forward toward liberalizing China's inbound investment policies," Myron Brilliant, senior vice president for international affairs, at the U.S. Chamber of Commerce said…
15 Apr 2010
The response from AIG is that they are committed to holding our shares, and I hope the two sides will continue to maintain a good relationship," Chief Executive Officer Wang Yincheng said…
15 Apr 2010
Apache Corp said it will acquire oil and natural gas explorer Mariner Energy Inc for $2.7 billion in its second major acquisition of offshore Gulf of Mexico properties this week...
15 Apr 2010
German authorities say they have targeted nine suspects, including former staff of Hewlett-Packard Co, in a probe into whether the world's top PC maker paid bribes to win business in Russia...
15 Apr 2010
Canadian gold company Medoro Resources plans to invest $30 million to $40 million over two years in its recently purchased Colombian gold mine operations...
15 Apr 2010
British online gaming firm Sportingbet on Thursday said it planned to move its shares to London's main market…
15 Apr 2010
Oil major BP Plc easily beat off challenges to a Canadian oil sands project and to its executive pay policy…
15 Apr 2010
U.S. miner Peabody Energy raised its offer for Macarthur Coal by 14 percent to $3.8 billion (2.46 billion pounds), in what could be the knockout blow in a frenzied bidding war for the Australian miner...
15 Apr 2010
Major Russian agricultural group Rusagro said it would launch an initial public offering (IPO) in Moscow, becoming the latest in a line of Russian consumer sector firms to tap equity markets...
15 Apr 2010
While it's unusual for a company to announce underwriters before the IPO prospectus, AgBank went ahead and identified the banks handling the long-awaited offering…
15 Apr 2010
Malaysia's Petronas has stopped supplying gasoline to Iran, a company spokesman said, as the threat of U.S. sanctions on oil firms with supply ties to the Islamic Republic looms large...
15 Apr 2010
Lehman Brothers Holdings Inc expects to pay unsecured creditors between 15 and 27 percent of their $1 trillion claims as part of its plan to exit bankruptcy...
15 Apr 2010
From accounting gimmicks to flummoxed risk managers, newly released documents gathered by the court-appointed examiner of Lehman Brothers Holdings Inc shed fresh light on some of the factors that propelled the bank to bankruptcy...
15 Apr 2010
Private equity firm TPG is planning to exit China Grand Automotive Services Co Ltd through a stock listing, and has hired China International Capital Corp (CICC) and Goldman Sachs as lead managers...
14 Apr 2010
Dollar General Corp priced 26 million shares at $27 each in a secondary public offering that allowed certain shareholders to sell their stock, the company said in a statement...
14 Apr 2010
Morgan Stanley, Goldman and private equity firm Actis Capital had paid $73 million for a 31 percent stake in Cayman Islands-registered Taizinai in 2007, with Morgan Stanley providing $18 million…
14 Apr 2010
Our report that the money-losing smartphone maker went to China in February in an attempt to sell itself to telecom/tech titan Huawei Technologies makes perfect sense…
14 Apr 2010
Citigroup Inc plans to sell hedge fund businesses with $4.2 billion of assets to SkyBridge Capital LLC, in a deal that would quadruple the firm's size…
14 Apr 2010
The share price of personal digital assistant manufacturer Palm Inc jumped as high as 10 percent after hedge fund manager Philip Falcone reported a 9.48 percent stake…
14 Apr 2010
U.S. securities regulators proposed requiring that high-frequency traders reveal their identities and disclose their trades -- the latest attempt to get a grip on how the lightening-fast trades are...
14 Apr 2010
Starbucks sees the potential for thousands of stores in Greater China, where it currently has around 700, and is also keen on expanding in India and Vietnam…
14 Apr 2010
Fast on the heels of Canada's largest IPO in a decade, two Calgary-based energy companies announced financings in the space of about five minutes, more evidence of a growing investor appetite for...
14 Apr 2010
The United Arab Emirates saw a 12 percent jump in air traffic in the first quarter, its General Civil Aviation Authority (GCAA) said...
14 Apr 2010
Oil has risen above OPEC's comfort zone of $70 to $80 a barrel and the group is showing no sign yet of wanting to cool the rally, suggesting its price aspirations are creeping upwards...
14 Apr 2010
A decision by top palm oil buyers to halt purchases from Indonesia is unlikely to affect palm oil exports from Southeast Asia's biggest economy given strong demand, an industry official said...
14 Apr 2010
PT Telekomunikasi Indonesia, Indonesia's biggest telecoms firm, said it had picked Macquarie Group Ltd to advise on a telecoms tower deal worth up to $1.2 billion, adding it plans to list the tower unit...
14 Apr 2010
Britain's Prudential has appointed Rob Devey, currently head of UK and Europe, to lead the integration of its Asian operations and the Asian arm of rival AIG, after the sector's biggest acquisition...
14 Apr 2010
The aircraft leasing unit of bailed-out insurer American International Group has agreed to sell 53 passenger jets to Australia's Macquarie Group to raise a much-needed $2 billion in cash...
14 Apr 2010
Canada's Fairmont Hotels and Resorts said it is planning to add 14 hotels in the Middle East by 2014, focusing on Saudi Arabia, as it looks to tap into regional growth…
14 Apr 2010
Creditors to state-owned Dubai World, which unveiled plans to repay $26 billion in debt last month, will give their response to the conglomerate's proposal within weeks…
14 Apr 2010
The Bahrain Financial Exchange (BFX), owned by Indian exchange operator Financial Technologies Ltd, will delay its launch date until October due to sluggish market sentiment…
14 Apr 2010
Private equity fund Dubai International Capital (DIC) said it would continue to seek a refinancing of the debt of German aluminium firm Almatis despite an adverse Dutch court decision…
14 Apr 2010
South Korean, Spanish and Indian contracting firms are on the verge of winning contracts from Saudi Aramco and ConocoPhillips to build a new Saudi oil refinery…
14 Apr 2010
Islamic bond deals in 2010 could top last year's roughly $24 billion as global regulatory and legislative initiatives and a possible Dubai World restructuring settlement boost sukuk activity…
13 Apr 2010
Net new lending slowed last month to 510.7 billion yuan ($75 billion), well below forecasts of a 750 billion yuan rise and February's total of 700.1 billion, the People's Bank of China said…
13 Apr 2010
Thermax Ltd, energy and environment solution provider, plans to diversify into renewable energy, a top official told the Reuters Trading India chat room...
13 Apr 2010
Dubai's government said it had repaid creditors for a 840 million dirham ($228.8 million) loan to the civil aviation authority, the first tranche of an Islamic loan that matures in April 2011...
13 Apr 2010
U.S. bank regulators extended a crisis-era guarantee while also moving to change the deposit insurance fee system for large banks with the aim of making them pay more for engaging in risky activities...
13 Apr 2010
The head of Canada's broadcasting and telecommunications regulator urged lawmakers to keep in place rules banning foreigners from owning majority stakes in, and controlling, the country's...
13 Apr 2010
In western Xinjiang, construction crews toil on a lonely line crossing the desert wastes to the Silk Road city of Kashgar…
13 Apr 2010
ConocoPhillips, the U.S.-based oil major, said it will sell its 9.03 percent interest in the Syncrude Canada Ltd project to China's top refiner in a deal set to close in the third quarter…
13 Apr 2010
Lagardere condemned a report urging shareholders to support activist investor Guy Wyser-Pratte's battle against the French family-controlled media group...
13 Apr 2010
Britain's opposition Conservative Party promised to take urgent action to cut the budget deficit to safeguard the country's top-notch credit rating if it wins the parliamentary election on…
13 Apr 2010
Japan's Astellas Pharma Inc will likely win its battle for OSI Pharmaceuticals Inc as few rival bidders are seen, but it will need to raise its $3.5 billion offer…
13 Apr 2010
Some $2.89 billion worth of U.S. bankruptcy claims changed hands in March, marking the biggest increase in claims trading since December, according to trading platform operator SecondMarket...
13 Apr 2010
China's Huawei Technologies has been tapped by money-losing smartphone maker Palm Inc for preliminary acquisition talks, a source familiar with the matter said...
13 Apr 2010
A patent lawsuit between chipmakers Broadcom and CSR will resume after a U.S. appeal court ruled against CSR in a case involving GPS navigation chips, CSR said...
13 Apr 2010
For someone who enjoys fishing, Mark Wilson knows only too well the virtue of patience...
13 Apr 2010
AXA Private Equity has $7 billion (4.5 billion pounds) in cash available and would be able to "move very quickly" on opportunities, the buyout firm's chief executive told French daily Le Figaro in an interview...
12 Apr 2010
Apache Corp said it plans to buy Devon Energy Corp's oil and gas assets on the U.S. Gulf of Mexico Shelf for $1.05 billion, the Houston company said…
12 Apr 2010
Smartphone maker Palm Inc, which has not turned a profit in its battles with rivals Apple and RIM, has begun seeking offers for the firm, Bloomberg said, citing three people familiar with the situation...
12 Apr 2010
Tribune Co lenders on Monday labeled the U.S. newspaper publisher's proposed plan to exit bankruptcy "unfair" and said they deserve the right to propose an alternative...
12 Apr 2010
Chinese state-owned company Sinopec plans to buy ConocoPhillips' stake in the largest project in Canada's oil sands for $4.65 billion, the richest deal yet to expand China's interest in the huge unconventional resource...
12 Apr 2010
The weakness of the German banking sector may be hampering the supply of loans and could cause a credit crunch in the real economy, Germany's development bank KfW said...
12 Apr 2010
Rajan Bharti Mittal, a director on the company's board, also said he saw no regulatory obstacles to Bharti Airtel's pending $9 billion purchase of the African assets of Kuwait's Zain…
12 Apr 2010
Reald Inc filed with U.S. securities regulators to raise up to $200 million in an initial public offering of common shares…
12 Apr 2010
China-based JinkoSolar Holding Ltd updated its filing for an initial public offering on Friday after shelving the offering in February…
12 Apr 2010
DynCorp International Inc has accepted a $1.5 billion takeover bid, including the assumption of debt, from private equity firm Cerberus Capital Management LP, the defense contractor said...
12 Apr 2010
The success of Singapore's first real estate trust offering this month has prompted talk that other similar, previously shelved, offerings are now being dusted off...
12 Apr 2010
Middle Eastern companies signed $6.65 billion of syndicated loans in the first quarter, up 30 percent from $5.13 billion in the same quarter a year before, according to Thomson Reuters LPC data...
12 Apr 2010
Dollarama Inc, the dollar-store that had one of Canada's largest IPOs last year, said on Monday that key stakeholders priced a secondary offering of stock at C$24.60 per share…
12 Apr 2010
Bahrain's central bank on Sunday said it was unaware of the identity of the bidder for a 25-percent stake in the country's biggest lender, Ahli United Bank, casting further doubts on the sale...
12 Apr 2010
State-controlled Saudi Electricity Co (SEC) is confident it would raise up to 7 billion riyals ($1.87 billion) from an Islamic bond next month to fund expansion, even without a government guarantee…
12 Apr 2010
Glenmark Pharmaceuticals Ltd said its unit settled a litigation with GlaxoSmithKline over patent actions on doses of atovaquone and proguanil hydrochloride, the generic version of GSK's Malarone malaria treatment tablets...
11 Apr 2010
American International Group Inc realized a loss of up to $2 billion last year as its Financial Products unit ended most of its remaining trades with Goldman Sachs Group Inc, a source familiar with the matter said...
11 Apr 2010
Dubai's government has set up a team to draw up the emirate's financial plans for the 2011-2014 period, improve spending efficiency and develop new revenue structures...
11 Apr 2010
Mirant Corp agreed to take over rival RRI Energy, creating one of the largest U.S. independent power producers and cutting costs as they deal with weak electricity prices that have challenged the entire industry...
9 Apr 2010
The U.S. Justice Department is investigating whether some of the biggest technology companies agreed not to recruit each others' employees, violating antitrust laws...
9 Apr 2010
HSBC Holdings is aiming to expand its China branch network by 20 percent or more this year, leveraging relationships with local partners to keep growing rapidly in the world's third-largest economy…
9 Apr 2010
New Hope, valued at almost $4.1 billion, is pitting itself against St.Louis-based Peabody Energy the world's largest private-sector coal producer, in launching its all-scrip offer that values Macarthur at A$14.58 a share…
9 Apr 2010
Aetna Inc is suspending marketing to and enrollment of new members to its Medicare plans for the elderly because of sanctions imposed by the U.S. government…
9 Apr 2010
An initial public offer by SKS Microfinance is likely to set the stage for more such offers in the world's largest microlending market, but it has also sparked a debate on the ethics of profiting from the poor...
9 Apr 2010
Indian energy major Reliance Industries gained an overseas foothold by agreeing to pay $1.7 billion to form a joint venture with U.S.-based Atlas Energy...
9 Apr 2010
Buyout firm Blackstone and charity the Wellcome Trust have launched a joint bid for bank branches being sold by Royal Bank of Scotland, a source familiar with the matter said...
9 Apr 2010
Canadian merger and acquisition activity surged in the first quarter compared with a year earlier, as dealmakers felt more optimistic and access to credit improved…
9 Apr 2010
California Pizza Kitchen Inc is seeking buyers for the restaurant chain, a source familiar with the deal said, sending its shares up as much as 17 percent…
9 Apr 2010
Fashion is not about browsing through a store or watching a fashion show anymore, especially if you're an international label out to court one of the world's fastest growing luxury markets…
9 Apr 2010
French media group Lagardere urged shareholders to reject proposals by activist investor Guy Wyser-Pratte to change its constitution, which prevents takeovers and maintains Lagadere family control...
9 Apr 2010
About 10 buyout houses are preparing to make indicative bids on Monday for Inchcape Shipping Services (ISS), the $700 million-plus port and shipping agent owned by Dubai World's investment arm Istithmar...
9 Apr 2010
Major U.S. banks temporarily lowered their debt levels just before reporting in the past five quarters, making it appear their balance sheets were less risky, the Wall Street Journal said...
8 Apr 2010
Wi-Lan Inc, the Canadian technology licensing company, has filed a lawsuit accusing 19 computer and phone companies of infringing a patent by selling laptops and cellular handsets enabled with Bluetooth technology...
8 Apr 2010
Partly bowing to Peabody, Macarthur could reject the new offer but agree to suspend the shareholder vote on its rival deal to take over Gloucester Coal at a board meeting…
8 Apr 2010
The food processing company, which will use the cash to expand production capacity, priced its shares at S$1.20 each compared to an earlier price range of S$1.07-S$1.33 a share…
8 Apr 2010
A pressure group, United Against Nuclear Iran, is urging industrial conglomerate Honeywell International Inc to stop selling security technology to Iran, the group said...
8 Apr 2010
A new law passed on Thursday will limit the ability of so-called vulture funds to sue some of the world's poorest countries in British courts for full repayment of debts...
8 Apr 2010
Charles Prince and Robert Rubin, often blamed for huge losses at Citigroup during the 2008 banking crisis, voiced regrets but did not take responsibility for Citi's woes or its $45-billion taxpayer bailout...
8 Apr 2010
Essar Group said it plans to raise about $2.5 billion by listing its energy and power businesses on the London bourse, tapping new investors to fund its ambitious expansion plans...
8 Apr 2010
Activist investor Carl Icahn dissolved his Class B share stake in Blockbuster Inc and further reduced his ownership in Class A shares of the video rental company…
8 Apr 2010
British Airways and Spanish carrier Iberia signed a merger agreement on Thursday, sealing a long-awaited deal to create the world's third largest airline by revenue...
8 Apr 2010
Axiata, Malaysia's second-largest phone firm by market value, is reducing its stake in XL Axiata, Indonesia's No. 3 mobile phone provider, to 68.5 percent through the share offering…
8 Apr 2010
An unpopular plan to tax British fixed-line phone users to help roll-out a high-speed broadband network and other controversial proposals have been dropped in the final push to...
8 Apr 2010
Pulverized lime, an inedible ingredient, has been added to bleaching agents widely used in flour production in China, Chinese media said…
8 Apr 2010
The Financial Services Authority has fined a bank, a market maker and an agency broker 4.2 million pounds for failing to provide accurate and timely data that could help detect market abuse...
8 Apr 2010
Egypt's monopoly cigarette maker, Eastern Company, is considering supplying tobacco and manufacturing expertise to Sudanese firms in a step to expand in African markets…
8 Apr 2010
Dubai developer Emaar Properties has granted Orascom Construction Industries a more than 300 million Egyptian pound ($54.5 million) contract for work on homes in a development on Egypt's north coast…
8 Apr 2010
Dubai Group's plan to sell its stake in Malaysia's Bank Islam is unlikely to be completed by June, Bank Islam's managing director was quoted as saying on Thursday…
8 Apr 2010
Credit ratings agency Moody's said it was no longer considering an immediate downgrade to its ratings on ports operator DP World, saying contagion from its parent company Dubai World was no longer a threat…
8 Apr 2010
Standard & Poor's cut port operator DP World Ltd's debt rating by one notch on Wednesday, reflecting a view on its stand-alone credit profile and expectations that the Dubai government will not provide any extraordinary support…
7 Apr 2010
Google Inc is expected to be sued by photographers, illustrators and other visual artists who claim the company is infringing their rights by scanning and displaying their work without compensation...
7 Apr 2010
Alan Greenspan -- once revered as the oracle of economic wisdom -- defended his now deeply flawed legacy before a U.S. panel investigating the origins of the 2007-2009 financial crisis.
7 Apr 2010
Dubai has the money to pay its share of Dubai World's rescue plan and can help other state-linked firms that may be facing "small issues", the vice chairman of the emirate's top fiscal body said in an interview...
7 Apr 2010
China's fourth-largest listed power company by market value will also invest almost $1.5 billion a year in renewable energy for up to five years, Chief Executive Wang Shuai Ting told Reuters in an interview…
7 Apr 2010
Lawyers at a U.S. regulator plan to recommend that the government try to block Google's proposed acquisition of mobile advertising firm AdMob on antitrust grounds, a source familiar with the matter said...
7 Apr 2010
A special tribunal set up by Dubai to handle debt claims against the subsidiaries of its Dubai World holding company has received its first case, a key filing that may set the tone for other potential claims...
7 Apr 2010
U.S. chief executive officers sounded a more confident note on the economy, with more planning to add jobs than cut them over the next six months, a survey released found...
7 Apr 2010
News Corp will find out this month whether it will get a chance to bid in Italy's last sale of digital terrestrial television assets and enter a booming market led by arch-rival Mediaset, owned by Italian premier Silvio Berlusconi...
7 Apr 2010
Goldman Sachs Group Inc issued a spirited defense in its annual shareholder letter against allegations that it had benefited unduly from government help and bet against its own clients during the financial crisis...
7 Apr 2010
Corporate governance body Pirc urged investors in BP to vote against executive pay at the oil major, raising the prospect of another embarrassing showdown with shareholders...
7 Apr 2010
CKE Restaurants Inc, owner of the Hardee's and Carl's Jr. hamburger chains, said it received an alternative takeover offer, which could lead to a superior proposal, sending its shares up 6 percent in pre-market trade...
7 Apr 2010
The Royal Bank of Canada on Wednesday sold $1.5 billion of five-year covered bonds, said IFR, a Thomson Reuters service…
7 Apr 2010
U.S. securities regulator may formulate a plan to improve oversight of high-frequency trading by keeping track of executed transactions, the Wall Street Journal said, citing people familiar with the matter...
7 Apr 2010
Off-price clothing chain Loehmann's said it was fulfilling its financial obligations in response to new questions about its ability to keep its operations afloat…
7 Apr 2010
Qatar National Bank posted a 25 percent jump in first quarter profit as lending surged and returns from its push into Islamic banking more than doubled…Net profit in the three months to March 31 rose to…
7 Apr 2010
Ahli United Bank, Bahrain's largest bank, said a Gulf entity, which it would not name, had agreed to buy 25 percent in the lender, in a deal estimated at about $1.32 billion…
7 Apr 2010
Markets pushed Greece's risk premium to a euro lifetime high on Tuesday amid growing doubts over the country's capacity to resolve its debt crisis and fresh scepticism about a...
7 Apr 2010
Britain's economy continued to recover in the first quarter of this year, a clutch of industry surveys showed, but concern about a public spending squeeze is making firms reluctant to invest...
6 Apr 2010
Target Corp said that one of its subsidiaries is offering to buy back notes with a principal amount of $900 million issued by its credit card trust…
6 Apr 2010
A proposal on Tuesday to ban companies from capping shareholder voting rights moved one step closer to becoming a law that would give core shareholders in…
6 Apr 2010
A federal appeals court said Sears Holdings Corp is not liable to former Kmart Holding Corp shareholders who accused that retailer of trying to drive down Kmart's stock price to...
6 Apr 2010
Ivanhoe Mines, which owns the massive Oyu Tolgoi copper-gold project in Mongolia, has adopted a shareholder rights plan, it said, suggesting the Canadian company is preparing for a possible takeover bid...
6 Apr 2010
A U.S. appeals court threw out the Federal Communications Commission's order requiring cable and high-speed Internet provider Comcast Corp to change how it manages its broadband network...
6 Apr 2010
Barclays Capital Inc has asked a court to let it keep billions of dollars in Lehman Brothers Holdings Inc assets, even though the trustee of the bankrupt investment bank says the remaining...
6 Apr 2010
China's Jinchuan Group has offered C$150 million ($150 million) in cash to acquire Canadian junior nickel miner Crowflight Minerals Inc, driving Crowflight's shares up 44 percent...
6 Apr 2010
The head of Verizon Communications does not see a case to pursue a merger with Vodafone Group Plc, its wireless joint venture partner...
6 Apr 2010
BCE Inc, Canada's largest telecoms company which operates the Bell and Bell Aliant brands, said it sold its stake in satellite services company SkyTerra Communications Inc for about C$111 million...
6 Apr 2010
Virgin Money said U.S. partner Wilbur Ross could add to his 100 million pound investment if a good deal emerges, bolstering its position ahead of a deadline to buy over 300 Royal Bank of Scotland branches...
6 Apr 2010
Suppliers to clothing chain Loehmann's are withholding shipments on concerns about the retailer's finance…
6 Apr 2010
Scandinavian airline SAS launched a heavily discounted rights issue as it tapped shareholders for 5 billion Swedish crowns ($695.4 million) to ease the pressure from its deep cost cuts...
6 Apr 2010
Ukraine's biggest egg producer Avangard is planning a stock-market float in London, the first firm from the Commonwealth of Independent States to announce a capital raising in the UK this year...
6 Apr 2010
Apollo Management's $635 million takeover of theme park operator Cedar Fair has collapsed due to lack of investor support, costing the company $6.5 million in fees…
6 Apr 2010
Top U.S. coal miner Peabody Energy raised its offer for Australia's Macarthur Coal to $3.27 billion, but the new offer was below Macarthur's market price, suggesting the bidding could go higher...
6 Apr 2010
Russia's ProfMedia and DST as well as China's Tencent have submitted binding offers to buy AOL's instant-messaging service ICQ, business daily Vedomosti reported...
5 Apr 2010
National Dentex Corp, an operator of dental laboratories, said it agreed to be acquired by GDC Holdings Inc, a holding company of dental implant manufacturer GeoDigm Corp…
5 Apr 2010
SandRidge Energy Inc, an oil and gas exploration company, on Sunday said it agreed to buy rival Arena Resources Inc for about $1.55 billion, boosting its exposure to oil as…
5 Apr 2010
Power company Xcel Energy Inc's unit Public Service Company of Colorado will buy two of peer Calpine Corp's Denver plants for $739 million…
5 Apr 2010
Heading into an annual proxy season bristling with investor anger over executive salaries, some companies are working overtime to silence sensitive shareholder resolutions…
5 Apr 2010
Shareholders of auto parts maker Visteon Corp asked a judge to appoint an examiner to determine if it is possible to craft a plan of reorganization more favorable to equity investors, according to court documents...
5 Apr 2010
A New York investment firm sued Annie Leibovitz, saying the celebrity photographer owes it more than $800,000 in fees as part of its role in securing a...
5 Apr 2010
As 2009 came to a close, Fifth Third Bancorp was preparing to report its sixth loss in seven quarters…
5 Apr 2010
Billionaire investor Wilbur Ross said on Sunday he is prepared to commit up to 500 million pounds to support Virgin Money in its bid to buy the branch network of the Royal Bank of Scotland...
5 Apr 2010
Affiliates of Qatar's sovereign wealth fund have paid $847 million for a stake in hotelier Fairmont Raffles Holdings International from Kingdom Holding, to become the biggest shareholder in the group...
4 Apr 2010
Dubai developer Emaar Properties said it will roll over $1.23 billion debt maturing in 2010 into long-term project financing deals with analysts adding the pressure to make hasty divestments was now off...
2 Apr 2010
Daimler AG's $185 million settlement of allegations the luxury car and truck maker violated U.S. anti-bribery laws by showering foreign government officials with money and gifts to win contracts was...
2 Apr 2010
The auditor of Solyndra Inc has questioned the survival prospects for the maker of thin film solar panels, an assessment that could threaten the company's ability to…
2 Apr 2010
HSBC Holdings, Europe's biggest bank, has awarded shares worth 1.5 million pounds ($2.3 million) to Chief Executive Michael Geoghegan under a long-term bonus plan for executives...
2 Apr 2010
Airgas Inc repeated its view that a $5.1 billion hostile bid by Air Products "grossly undervalues" the company, after larger rival Air Products earlier extended its tender offer for Airgas…
2 Apr 2010
Agnico-Eagle Mines has agreed to buy Comaplex Minerals' Meliadine gold property in northern Canada, which is located just 300 km (186 miles) from Agnico's Meadowbank project…
2 Apr 2010
Private equity investors have increased their clout since the financial crisis, but whether they can really dictate major changes in terms and structures of fund agreements remains to be seen..
2 Apr 2010
Most U.S. companies are doing well in China and remain optimistic about their prospects despite unease over the country's regulatory environment, AmCham China said...
1 Apr 2010
Metro-Goldwyn-Mayer's steering committee met with creditors to present a stand-alone plan for the studio, as Access Industries threatened to drop its bid unless it gets a response soon...
1 Apr 2010
SkillSoft Plc said SSI Investments III Ltd , a consortium of private equity firms, has raised its cash offer for the e-learning software maker to $1.2 billion...
1 Apr 2010
Seven of the world's top hedge fund managers earned 10-figure paychecks and one set a record for the highest-ever payout last year due to a stock market rally that pushed returns to their...
1 Apr 2010
Diversified U.S. manufacturer Eaton Corp plans to take a $25 million noncash first quarter charge related to the recently passed landmark healthcare reform law...
1 Apr 2010
Arab states, likely to be among those hit hardest by climate change, are not doing enough to promote renewable energy, environmental experts said at a conference here…
1 Apr 2010
Athabasca Oil Sands Corp's IPO, the biggest in Canada in years, heralds a return to the oil sands by investors from home and abroad, and the growing power of China to direct capital flows...
1 Apr 2010
Exchanges are hunting for deals as they search for growth and scale, but the consolidation rush of the era before the financial crisis may not return anytime soon, top industry officials said...
1 Apr 2010
British manufacturing activity grew last month at its fastest rate since October 1994, when the economy was also recovering from a deep recession, a survey of purchasing managers showed...
1 Apr 2010
PIMCO sees Europe's action on Greece as ineffective in fixing the country's problems, while Britain's sovereign debt rating could be downgraded within a year, a top executive of the world's largest bond fund said...
1 Apr 2010
Reuters reported on Monday that an examination of Hong Kong court records, U.S. depositions of a former Sands executive and interviews with law enforcement and
1 Apr 2010
General Growth Properties Inc filed an eagerly awaited plan to exit bankruptcy on its own and laid out bidding procedures, setting the stage for others like Simon Property Group Inc to jump in with rival offers...