NEWS
April 2011
29 Apr 2011
The Toronto Stock Exchange has backed the right of CI Financial's largest shareholder, Bank of Nova Scotia, to have a vote on whether the independent wealth manager can keep a...
29 Apr 2011
The London and Toronto stock exchanges started the clock ticking for the months-long Canadian government review of a $3 billion tie-up that has already polarized public opinion...
29 Apr 2011
U.S. authorities closed five more banks on Friday, bringing the total of foreclosures in 2011 to 39...
29 Apr 2011
Chinese company Puda Coal said its Chairman Ming Zhao, who is facing an internal probe into alleged unauthorized transactions in shares of a unit...
29 Apr 2011
The $28 trillion credit default swaps market came under investigation on Friday by the European Union, adding to official pressures bearing down on a huge and...
29 Apr 2011
In a big win for business, the U.S. Treasury proposed on Friday to exempt commonly used foreign exchange swaps and forwards from new rules that have tightened oversight of other derivatives...
29 Apr 2011
WPX Energy Inc, an exploration and production unit of oil and natural gas company Williams Cos...
29 Apr 2011
Shareholders of Australia's Foster's Group Ltd voted on Friday to split the firm's beer and wine operations, a decision that could clear the way for potential bidders for either business...
29 Apr 2011
A shareholder advisory firm has recommended that Bank of America Corp shareholders not re-elect the head of the company's audit committee at the May 11 annual meeting...
29 Apr 2011
French energy company Total SA offered to pay up to $1.37 billion for a majority stake in U.S. solar company SunPower Corp, one of the biggest moves ever by...
29 Apr 2011
Enterprise Products Partners raised its offer to buy out the stake of Duncan Energy Partners that it does not own by 5 percent in a stock deal...
29 Apr 2011
European Union regulators have opened two antitrust investigations into the market for credit default swaps (CDS), financial instruments used by investors to bet on...
29 Apr 2011
A tit-for-tat patent infringement case filed by ZTE Corp against its larger Chinese rival Huawei Technologies Co Ltd is the latest illustration that...
29 Apr 2011
Hong Kong's first yuan-denominated IPO tumbled 7.8 percent on its Friday debut as investors turned their noses up at the low yields offered by billionaire Li Ka-shing's Hui Xian real estate investment trust...
29 Apr 2011
U.S. private equity firm Blackstone has agreed to buy Australian property firm Valad Property Group in a deal valuing the target at A$207 million ($226 million)...
28 Apr 2011
Chrysler Group LLC, which came to the brink of collapse before a federal bailout in 2009, plans to fully repay more than $7 billion in loans from...
28 Apr 2011
Former SAC Capital Advisors LP analyst Jonathan Hollander reached a settlement with U.S. securities regulators over allegations he engaged in insider trading in...
28 Apr 2011
Specialty tea retailer Teavana Holdings Inc has filed with the U.S. regulators to raise up to $100 million in an initial public offering to redeem some of its shares...
28 Apr 2011
Yandex, Russia's most popular internet search engine, plans to raise up to $1 billion in an initial public offering on NASDAQ...
28 Apr 2011
Power company Exelon Corp is to buy rival Constellation Energy Group for $7.9 billion...
28 Apr 2011
Spanish banking group Santander SA flagged a turning point for its struggling domestic business, shrugging off a slight fall in first quarter earnings...
28 Apr 2011
China's Minmetals is still in the hunt for mining assets after being outbid for Africa-focused copper miner Equinox by Canada's Barrick Gold , Chief Executive Andrew Michelmore said...
28 Apr 2011
UBS AG is not threatening to relocate abroad but is concerned that proposed tough Swiss capital rules will hurt national prosperity, the bank's chief executive and chairman said on Thursday...
28 Apr 2011
Sony Corp could face legal action across the globe after it belatedly disclosed a security breach of its popular PlayStation Network, infuriating gamers and sending the firm's shares down 5 percent in Tokyo on Thursday...
28 Apr 2011
Former Berkshire Hathaway executive David Sokol deliberately misled Warren Buffett when pitching an investment to him, the company's board concluded in a scathing report that may add fuel to a pending...
28 Apr 2011
U.S. securities regulators proposed on Wednesday long-awaited key derivative definitions in the Dodd-Frank law, in a plan that will help provide clarity to the markets about which contracts will be subject to new regulations...
28 Apr 2011
Malaysia and its top trading partner China signed construction and telecommunication agreements on Thursday to deepen investment and trade ties as Beijing seeks to raise its economic clout in Southeast Asia...
28 Apr 2011
A former portfolio manager at Steven Cohen's SAC Capital Advisers LP will plead guilty on Thursday to charges arising from a federal probe of insider trading...
28 Apr 2011
Two former Dubai Islamic Bank (DIB) executives and four businessmen were sentenced to 10 years each in prison by a Dubai court on Wednesday and fined 1.8 billion dirhams ($496.5 million), the amount they were accused of embezzling from the bank...
28 Apr 2011
A subsidiary of U.S.-firm IDT Energy is leading a push in Israel to tap into the country's vast deposits of oil shale...
28 Apr 2011
China released its 2010 census results on Thursday, the first comprehensive review of the country's demographics in a decade...
27 Apr 2011
The U.S. Supreme Court handed businesses such as AT&T Inc a major victory by upholding the use of arbitration for customer disputes rather than...
27 Apr 2011
The U.S. Internal Revenue Service has launched a review of the tax-exempt status of a widely-held form of mortgage-backed securities called REMICs...
27 Apr 2011
Cash-strapped New York state would receive about $144 million from Lehman Brothers Holdings Inc under a proposed settlement resolving tax claims against the defunct financial giant...
27 Apr 2011
Britain's economy made only a sluggish start to 2011 as it crawled back from a slump at the end of last year, snuffing out chances of a Bank of England rate rise next week and...
27 Apr 2011
Saudi Electricity Co, the Gulf's largest utility, may change its 300 billion riyals ($80 billion) 10-year investment plan as it speeds up delivery of its power projects to meet state infrastructure demands...
27 Apr 2011
Most existing swap products will be traded on exchanges under proposals by U.S. futures and securities regulators that define what transactions should be covered by last year's financial oversight law...
27 Apr 2011
Phone company CenturyLink Inc is to buy Savvis Inc for about $2.5 billion in cash and stock to beef up its...
27 Apr 2011
Iconix Brand Group Inc acquired the worldwide rights to American tattoo artist Don Ed Hardy's brand from Nervous Tattoo for $55 million...
27 Apr 2011
Sterling Bancorp said it has received approval from the U.S. Treasury to redeem the $42 million of preferred stock it issued to the Treasury under TARP in 2008...
27 Apr 2011
Barclays is finding untangling itself from a fund set up two years ago to ring-fence more than $12 billion of risky credit assets is not providing the stable and certain outcome the British bank...
27 Apr 2011
British film studio Pinewood Shepperton agreed to be bought by Peel Group after the property investor sweetened its bid to 96 million pounds, warding off a late challenge from...
27 Apr 2011
Transport group National Express <NEX.L> said three leading corporate governance advisory groups had urged shareholders to support the board against motions tabled by an activist investor...
27 Apr 2011
Johnson & Johnson is to buy Swiss medical devices maker Synthes Inc for 19 billion Swiss francs ($21.6 billion) in its largest ever buy, boosting its orthopedic business and reshaping the industry...
27 Apr 2011
Modern diesel cars may not be as clean as previously thought, say some experts as regulators try to roll out industry standards to satisfy "green" consumers...
27 Apr 2011
Germany will be more reliant on the fickle weather for electricity in May and the fourth quarter as reduced nuclear supply cuts capacity and renewable energy may struggle to fill the gap...
27 Apr 2011
The EU/IMF team conducting talks for Portugal's bailout is considering giving the country more time to reach the budget deficit targets set for this year and next, a business newspaper reported on Wednesday...
27 Apr 2011
The Hong Kong stock exchange has rejected PCCW's plan to spin off its telecommunications business and list it as a business trust, a move the group plans to appeal...
27 Apr 2011
Qatar is still studying investments in Spain's savings banks but has not yet found the right opportunity for investment...
27 Apr 2011
The China Development Bank on Tuesday signed a deal to lend $4.1 billion to Turkmengaz, Turkmenistan's state gas firm, heralding a "strategic partnership" with Central Asia's largest gas producer...
26 Apr 2011
Cruise operator Carnival Corp has filed a lawsuit against BP Plc and other companies seeking damages that resulted from the biggest oil spill in U.S. history...
26 Apr 2011
Southwest Airlines Co has won U.S. antitrust approval to buy AirTran Holdings Inc with no conditions...
26 Apr 2011
Smart Modular Technologies Inc agreed to be taken private by buyout firm Silver Lake Partners in a...
26 Apr 2011
Turkey's leading mobile operator Turkcell, hit by a bitter row between its shareholders, said on Monday its chief executive and chairman would begin talks on how to resolve disagreements...
26 Apr 2011
Banco do Brasil, Latin America's largest bank by assets, is considering possible acquisition targets in the United States, where it wants to boost clients among a growing community of Brazilian residents...
26 Apr 2011
Some Americans, worried about greater U.S. scrutiny of Swiss banks, are using bank accounts in Asia to hide their money from tax authorities...
26 Apr 2011
American Apparel said it has raised $14.9 million in capital by selling some of its shares at a discount of 43 percent to a group of private investors led by...
26 Apr 2011
Lawson Software Inc has agreed to be bought by private equity firm Golden Gate Capital in a cash deal...
26 Apr 2011
French dairy group Lactalis launched a 3.375 billion euro ($4.9 billion) takeover bid for Italian rival Parmalat, raising pressure on Italian investors who want to keep the company in domestic hands...
26 Apr 2011
China's Minmetals Resources bowed out of the battle for copper miner Equinox Minerals...
26 Apr 2011
China has increased capital requirements for its five biggest banks above the minimum 11.5 percent mark to guard against risks in the banking sector...
25 Apr 2011
A former analyst for Banco Santander agreed to pay more than $625,000 to settle civil insider trading charges...
25 Apr 2011
A group of banks including Goldman Sachs and Morgan Stanley has filed a plan to restructure Lehman Brothers Holdings Inc that would let the failed bank's different parts remain separate...
25 Apr 2011
Solera Holdings Inc, which makes software for the auto insurance industry, plans to buy privately held Explore Information Services for $520 million in cash to...
25 Apr 2011
Canadian timber-products company Tembec Inc said its non-operating U.S. unit filed for Chapter 7 liquidation and it will reduce consolidated obligations by $9 million...
25 Apr 2011
Bluestem Brands Inc, a multi-channel retailer, filed with U.S. securities regulators to raise up to $150 million in an initial public offering of common stock...
25 Apr 2011
Solar power company BrightSource Energy Inc filed with U.S. securities regulators for an IPO of up to $250 million...
25 Apr 2011
Yahoo Inc said it has bought IntoNow, a start-up that enables users to identify and share television programs with their friends, in its continuing drive to boost its social media credentials...
25 Apr 2011
NASDAQ OMX Group Inc and IntercontinentalExchange said NYSE Euronext investors should be "highly skeptical" of the additional merger cost savings outlined by NYSE and Deutsche Boerse AG...
25 Apr 2011
The U.S. Supreme Court is set to hear arguments in a case that could dramatically raise the bar for shareholders seeking to file class-action lawsuits against public companies...
25 Apr 2011
Morgans Hotel Group Co is to sell its Mondrian Los Angeles hotel to a unit of Pebblebrook Hotel Trust for $137 million, the latest in the boutique hotel operator's...
25 Apr 2011
U.S. futures and securities regulators are poised to fill in a crucial missing part in the swaps reform puzzle this week when they define what swaps products will be covered by...
25 Apr 2011
Philippine conglomerate San Miguel Corp said on Monday it may bid for the troubled Terminal 3 of Manila's international airport if government were to sell the asset...
24 Apr 2011
Qatargas said on Saturday it signed a 2.4 million tonnes per year three year contract to supply liquefied natural gas to Britain's Centrica...
22 Apr 2011
Synthetic building products maker CPG International Inc filed with U.S. securities regulators to raise up to $150 million in an initial public offering of common stock...
22 Apr 2011
Tenet Healthcare Corp's board rejected the latest $3.3 billion offer from Community Health Systems, saying the price "grossly undervalues the company"...
22 Apr 2011
Samsung Electronics Co has filed patent lawsuits against Apple over the U.S. firm's iPhone and iPad in a tit-for-tat case after Apple claimed Samsung's smartphones and tablets "slavishly" copied its products...
21 Apr 2011
JPMorgan Chase & Co will return more than $800 million of cash and securities to resolve claims by the trustee for Lehman Brothers Holdings Inc's brokerage after the sides agreed how best the...
21 Apr 2011
Apollo Management-owned specialty chemicals maker Momentive Performance Materials Holdings LLC filed with U.S. securities regulators to raise up to...
21 Apr 2011
Data security provider Trustwave Holdings Inc filed with U.S. securities regulators to raise up to $100 million in an initial public offering of common stock...
21 Apr 2011
AT&T Inc filed documents with the Federal Communications Commission on Thursday regarding its $39 billion bid to buy Deutsche Telekom AG's T-Mobile...
21 Apr 2011
US Airways Group Inc sued Sabre Holdings Corp on antitrust grounds on Thursday, alleging the third-party ticket seller shuts out competition and drives up prices...
21 Apr 2011
NYSE Euronext directors rejected as too risky and lacking value a sweetened takeover offer from Nasdaq OMX Group and IntercontinentalExchange, the second time in 11 days the board backed a...
21 Apr 2011
Vimpelcom's key Russian shareholder Altimo expects the telecoms group's new co-owner Naguib Sawiris to get as many seats on board as Altimo itself and Norway's Telenor...
21 Apr 2011
BP Plc and its partners in the Gulf of Mexico oil spill have unleashed a $100 billion-plus barrage of legal claims against each other a year after the rig blast killed 11 workers and created an environmental disaster...
21 Apr 2011
Fiat SpA will pay $1.27 billion for another 16 percent of Chrysler in a deal that was sooner and cheaper than expected and takes the Italian company within reach of controlling a top three U.S. automaker...
21 Apr 2011
Guinea President Alpha Conde has cancelled a railway upgrade agreement with Brazilian mining company Vale, and will instead open the contract up to competitive bids...
21 Apr 2011
The Asian giant's showering of business deals on Rousseff contrasts sharply with last month's trip to Brazil by U.S. President Barack Obama, who offered much…
20 Apr 2011
On the first anniversary of the Gulf of Mexico oil spill, BP Plc sued Transocean, seeking at least $40 billion in damages and other costs from the owner of the Deepwater Horizon rig...
20 Apr 2011
The ultra-loose monetary policies in developed countries are driving up global inflation, China's top banking regulator said in comments published on Thursday...
20 Apr 2011
Oil giant Sinopec will on Thursday ink China's second-largest gas purchase agreement, worth around $85 billion over 20 years according to one estimate, in a deal that will also give it 15 percent of an Australian gas-export project, a source said...
20 Apr 2011
Japanese online brokerage Monex Group said on Thursday it will buy U.S. trade platform operator TradeStation Group for about $411 million as it looks to expand its business overseas...
20 Apr 2011
South Korea said on Thursday that it would launch inspections of banks foreign exchange derivatives trade to see whether they are sticking to rules settinmg limits on exposure, while a source said the government may also toughen the controls next month...
20 Apr 2011
Britain is probing investment banks over insurer Prudential Plc's failed $35.5 billion bid for rival AIG's Asian business AIA last year...
20 Apr 2011
The board of Citigroup Inc was sued by an individual shareholder for the damage done to the bank by years of shoddy mortgage and foreclosure practices...
20 Apr 2011
EMC Corp, the top maker of corporate data storage equipment, reported quarterly revenue ahead of Wall Street projections, boosting hopes for a recovery in the technology sector...
20 Apr 2011
Bank of America Corp plans to spin off its last large private equity fund, with more than $5 billion in assets, and has no plans to make new private equity investments...
20 Apr 2011
U.S.-based global power provider AES Corp is to buy rival DPL Inc for $3.5 billion as it braces for...
20 Apr 2011
Nasdaq OMX Group will pursue its bid for crosstown rival NYSE Euronext to the "endgame" and...
20 Apr 2011
The high-profile insider trading trial of hedge fund manager Raj Rajaratnam enters its closing phase on Wednesday and will turn on whether prosecutors or defense lawyers can summarize their case in a way that most resonates with jurors...
20 Apr 2011
EQT, the private equity firm backed by Sweden's Wallenberg family, has begun the $3 billion-plus sale of burglar alarm firm Securitas Direct...
20 Apr 2011
Shares of Ember Resources Inc rose nearly 23 percent, a day after the Canadian oil and gas explorer agreed to be bought by an investor group led by...
20 Apr 2011
American International Group will transfer its troublesome asbestos risk to Berkshire Hathaway, relieving it of a book of business that has cost it billions of dollars...
20 Apr 2011
CIT Group Inc said U.S. financial regulators have lifted their cease and desist order placed on the commercial lender's banking unit in mid 2009...
20 Apr 2011
On the one-year anniversary of the Gulf oil spill, BP Plc is facing challenges to its effort to contain another kind of disaster: mass litigation...
20 Apr 2011
German broadcaster ProSieben has sold its Belgian and Dutch assets for 1.23 billion euros ($1.8 billion), allowing it to pay down debt ahead of a possible exit by its owners...
20 Apr 2011
The Swiss government looks set to push ahead with plans to make UBS and Credit Suisse reach tough new capital standards despite warnings they could make the banks uncompetitive...
20 Apr 2011
Encouraged by the boom in shale natural gas drilling in the United States, and driven by domestic gas shortages, China has fast-tracked plans to explore the unconventional fuel...
20 Apr 2011
Apple Inc is expected to report another spectacular quarter on Wednesday, tempered by growing caution over how supply constraints will squeeze margins and restrain iPhone and iPad sales...
20 Apr 2011
Malaysian conglomerate DRB-Hicom said it has not been informed by state investor Khazanah Nasional Bhd if it has won the bid to buy a stake in national postal company Pos Malaysia Bhd..
19 Apr 2011
A federal judge dismissed a lawsuit by two of Bernard Madoff's former customers accusing the U.S. SEC of negligence for failing to uncover the...
19 Apr 2011
Warren Buffett, former top lieutenant David Sokol, and the rest of Berkshire Hathaway Inc's board of directors were sued on Tuesday by a shareholder over a trading scandal that cost Sokol his job...
19 Apr 2011
International investors have suspended at least $15 billion in Brazilian farming and forestry projects since August, when the government put limits on land buying by foreigners...
19 Apr 2011
Turkmenistan, keen to boost oil output and processing, announced on Monday an international tender for a feasibility study on building a refinery with an initial 3 million tonne annual capacity...
19 Apr 2011
Japan's Meiji Yasuda Life plans to increase its investment in foreign bonds, focusing on dollar debt, with its confidence in U.S. Treasuries unshaken by the threat of a credit downgrade, a top executive said on Tuesday...
19 Apr 2011
Privately held Indonesian diverse group PT. OSO International and Indian trader Knowledge Infrastructure have formed a joint venture to develop thermal coal mines in Kalimantan, Indonesia...
19 Apr 2011
Western powers eager to help Libyan rebels sell oil from territories they control are ignoring the U.N. Security Council's sanctions committee, leaving Libyan crude in legal limbo...
19 Apr 2011
U.S. regulators are slowly resuming approval of deepwater-drilling permits in the Gulf of Mexico a year after the BP Plc oil spill spewed more than 4 million barrels of crude into the ocean...
18 Apr 2011
Sony Corp will not raise its stake in a liquid crystal display production joint venture with Sharp Corp for at least a year, delaying a plan to bolster production ties, a source at Sony told Reuters...
18 Apr 2011
Apple Inc may provide the first signs this week that the Japanese crisis is pressuring margins, clouding what should otherwise be another dazzling second quarter for the makers of the iPad and iPhone...
18 Apr 2011
The People's Bank of China is considering letting overseas companies use the yuan for foreign direct investment in the country this year...
18 Apr 2011
Private equity firm TPG Capital is investing up to $150 million in China's Comtec Solar, betting on rising demand for renewable energy technology...
18 Apr 2011
Air Lease Corp, an aircraft leasing company founded by the industry's unofficial godfather, Steven Udvar-Hazy, raised $802.5 million in its initial public offering...
18 Apr 2011
Real estate and housing data company Zillow Inc filed with U.S. securities regulators for an initial public offering of up to $51.8 million...
18 Apr 2011
Wal-Mart Stores Inc said it agreed to buy social media company Kosmix for an undisclosed sum, as the world's largest retailer aims to win over more tech-savvy shoppers...
18 Apr 2011
General Electric Co, Google Inc, and two Japanese partners will invest about $500 million in a wind farm under construction in Oregon...
18 Apr 2011
Community Health Systems Inc is converting its $3.3 billion bid for Tenet Healthcare Corp to all cash, the hospital operator said, sweetening the offer after questions about its billing practices hit its shares...
18 Apr 2011
Chinese internet media firm Shanda Interactive Entertainment Ltd said it filed with U.S. regulators for a proposed initial public offering for its online literature unit...
18 Apr 2011
A Milan court cleared Citigroup, Bank of America, Deutsche Bank and Morgan Stanley of market-rigging in a high-profile trial related to the 2003 collapse of food giant Parmalat...
18 Apr 2011
The Swiss government is set to press ahead with tough capital standards for banks UBS and Credit Suisse, which is likely to be a hot issue on the election trail later in the year...
18 Apr 2011
The Financial Services Authority fined mutually owned savings and loans company Norwich & Peterborough 1.4 million pounds for poor client advice on products sold by the failed Keydata company...
18 Apr 2011
Asian countries are in the process of bringing in new regulation for their derivative markets in order to meet their G20 commitments...
18 Apr 2011
The Philadelphia Orchestra, one of the nation's "Big Five" symphonies, voted on Saturday to seek Chapter 11 bankruptcy protection...
18 Apr 2011
Norway's Telenor may be on the brink of losing its influence over Russian mobile operator Vimpelcom as fellow leading shareholder Altimo said it wants to scrap the company's shareholder agreement...
18 Apr 2011
Hong Kong's central bank is examining the initial public offering work done last year by several major banks after a similar review looking into security firms by...
18 Apr 2011
Moody's cut the long-term bank deposit ratings of Ireland's government-guaranteed banks by two notches on Monday following a sovereign downgrade last week, meaning that all the lenders are now classified as junk...
18 Apr 2011
U.S. banks should be made to ringfence their risky investment banking operations in a push to end the "too big to fail" syndrome...
18 Apr 2011
Investors who bought BP's stock and bonds when oil was spewing out of its well in the Gulf of Mexico a year ago made a killing in a classic example of turning panic into profit...
18 Apr 2011
U.S. bank JPMorgan plans to nearly double the number of its employees in Brazil to keep pace with an expanding financial market in Latin America's largest economy...
17 Apr 2011
Chinese companies are attacking the last stronghold of Western dominance in solar power, undercutting bigger rivals and winning orders in the booming $12 billion photovoltaic power equipment industry...
17 Apr 2011
Ford Motor Co's China car joint venture is considering rolling out a joint venture brand, president of Chongqing Changan Automobile Zhang Baolin said on Monday...
17 Apr 2011
Brazil has overtaken China as the favourite market for emerging private equity deals over the next year, due to a stronger political and regulatory environment and lower valuations, according to a survey published on Monday...
17 Apr 2011
Capstone Mining said on Sunday it has agreed to acquire exploration company Far West Mining in a cash-and-stock deal worth C$685 million ($713 million), as it moves to expand its...
17 Apr 2011
China's yuan is close to being a freely usable currency, one of two key tests for it to be included in the International Monetary Fund's currency basket, the deputy governor of China's central bank said on Sunday...
17 Apr 2011
Oman plans to spend 1 billion rials ($2.6 billion) to "satisfy the demands" of street protesters in the Gulf Arab country who seek jobs and political reforms...
17 Apr 2011
Saudi Arabia's Oil Minister Ali al-Naimi said on Sunday the world oil market was oversupplied and that the world's top oil exporter had already reduced production due to weak demand...
17 Apr 2011
The Chinese government said on Sunday that it will tighten its tax collection practices to extract more revenue from the country's highest earners...
17 Apr 2011
Officials from the European Union and International Monetary Fund are holding talks with the Portuguese government on a financial bailout that is expected to be completed by mid-May and total around 80 billion euros...
17 Apr 2011
China Investment Corporation (CIC), the sovereign wealth fund, is in talks to buy the European headquarters of Citigroup, Britain's third-tallest building...
15 Apr 2011
China's largest social network, Renren, filed for a U.S. initial public offering to raise up to $573.1 million, the first of a clutch of Facebook clones hoping to boost their profile with an American listing...
15 Apr 2011
Vanguard Health Systems, controlled by Blackstone Group, filed with the U.S. regulators to raise up to $600 million in an initial public offering of common stock...
15 Apr 2011
Bankrate Inc, a publisher of various web content on personal finance, has filed with the U.S. SEC or an initial public offering of up to $500 million...
15 Apr 2011
The owners of three of the largest Internet poker companies operating in the U.S. were accused of tricking regulators and banks into processing billions of dollars of...
15 Apr 2011
Small and medium-sized Swiss banks will be subject to new capital rules, Swiss regulator FINMA said…
15 Apr 2011
U.S. drugmaker Merck & Co will hang on to the bulk of international sales from two lucrative arthritis medicines after resolving a high-stakes fight with Johnson & Johnson stemming from...
15 Apr 2011
Top commodity trader Glencore's planned $12 billion London listing has long been seen as the first step to merging with Xstrata...
15 Apr 2011
Germany's Deutsche Bank AG said that it has put two Hong Kong traders on leave after they were arrested by the city's anti-corruption agency for alleged fraud...
15 Apr 2011
Two of the biggest bondholders of insolvent Czech betting company Sazka have asked for an early repayment of its bonds due in 2021 worth a nominal 203 million euros ($292 million), their representatives said on Friday...
15 Apr 2011
Arab-world tension and its latest implications for oil prices are certain to be at the forefront of weekend talks bringing together dozens of Asian and Middle Eastern countries, including top producer Saudi Arabia...
15 Apr 2011
Ratings agency Moody's said the chances of Ireland having to restructure any of its debt are very remote after it cut the euro zone struggler's sovereign rating by two notches to the verge of junk status on Friday...
15 Apr 2011
Nestle, the world's largest food group, said strong emerging market growth and price rises helped to drive better than expected first-quarter underlying sales growth despite a sharp rise in commodity costs...
15 Apr 2011
Russian real estate developer Etalon completed its London stock-market float on Friday, raising $575 million in the biggest Russian IPO of the year so far...
15 Apr 2011
China's top telecommunications equipment maker Huawei Technologies Co Ltd remains keen on U.S. acquisitions even after its failed 3Leaf deal, and sees the United States as a key market for...
15 Apr 2011
Japan's Kokusai Asset Management said it plans to increase the weighting of euro-denominated bonds in its $33 billion bond fund, the world's second largest...
15 Apr 2011
Auditor Ernst and Young LLP must face a lawsuit over its role in a $2.2 billion stock options backdating scheme at Broadcom Corp…
15 Apr 2011
Blackstone's 5 billion yuan ($765 million) domestic fund was approved for the Qualified Foreign Limited Partner program (QFLP), the agency said...
15 Apr 2011
Jordan's King Abdullah II has reached out to U.S. companies in the wake of political turmoil sweeping the Middle East to help create new jobs for his country, U.S. business leaders said on Thursday…
15 Apr 2011
Two executives at the warrants trading desk at Deutsche Bank (DBKGn.DE) were arrested as part of a probe by Hong Kong's anti-corruption agency, local media reported on Friday…
15 Apr 2011
Exporters in North Africa, the Middle East and the Balkans will be able to sell goods to the European Union at lower tariffs more easily in future, under an agreement endorsed by the 27-nation bloc on Thursday…
14 Apr 2011
Groupon is likely to pick Goldman Sachs and Morgan Stanley to lead a second-half IPO that could value the fast-growing daily deals site at $15 billion to $20 billion...
14 Apr 2011
Developer Nakheel, restructuring $10.9 billion in debt, has offered lenders repayment after four and a half years at a rate of 4 percent on part of its debt in a deal that favours banks...
14 Apr 2011
A congressional panel blamed lax lenders cozy with regulators, credit raters, and devious behavior by investment banks in a report on the causes of the financial crisis...
14 Apr 2011
Commodities giant Glencore plans to raise up to $12.1 billion in a London and Hong Kong offering that will boost dealmaking capacity at the height of a resources boom and make millionaires of its partners...
14 Apr 2011
Glencore on Thursday unveiled plans for an IPO that will value the commodities giant at up to $60 billion (36.7 billion pounds)...
14 Apr 2011
Lehman Brothers Holdings Inc and its creditors have agreed to put all competing plans to restructure the company on the same timeline for court approval...
14 Apr 2011
Britain's consumer affairs watchdog has launched a study into the 750-million-pound-plus ($1.2 billion) market for extended warranties on domestic electrical goods like televisions and washing machines...
14 Apr 2011
Chinese banks may have to raise about 860 billion yuan ($131 billion) of stock over six years to meet stricter capital rules, Bloomberg News reported on Thursday…
13 Apr 2011
In the most damning official U.S. report yet produced on Wall Street's role in the financial crisis, a Senate panel accused powerhouse Goldman Sachs of misleading clients and manipulating markets, while also condemning greed, weak regulation and conflicts of interest throughout the financial system...
13 Apr 2011
Major housing lenders agreed to costly fixes to their foreclosure practices as part of a settlement with U.S. bank regulators that jumped ahead of a states' probe...
13 Apr 2011
Toys R Us is targeting an initial public offering in July, a source familiar with the matter told Reuters on Wednesday...
13 Apr 2011
A doctor-turned-stock-picker has been charged with insider trading, accused of showering a French physician with cash and a luxury trip to New York in exchange for...
13 Apr 2011
Arcos Dorados Holdings Inc, a large South American franchisee of U.S. fast-food chain McDonald's Corp sold more shares than originally planned at a price above the proposed range in an IPO on Wednesday, a source familiar with the deal said...
13 Apr 2011
London's proposed C$3 billion ($3.2 billion) takeover of Canada's main stock exchange operator TMX Group will be approved with conditions by an Ontario legislative committee...
13 Apr 2011
Brazilian state-run oil company Petrobras and China's Sinopec have finalized a joint venture agreement to explore blocks off the coast of northern Brazil, a Sinopec official said on Wednesday...
13 Apr 2011
Mexican tycoon Carlos Slim's financial group Inbursa said Wednesday it will propose a two-for-one share split at its next shareholder meeting on April 27...
13 Apr 2011
Fujitsu Ltd said it will build an optical fiber network capable of providing broadband services to some 5 million homes in the rural parts of the United Kingdom, the Nikkei business daily reported...
13 Apr 2011
U.S. banks still face severe consequences from allegations of pervasive mishandling of home foreclosures, despite reaching a relatively mild settlement with the bank regulators...
13 Apr 2011
Iceland's credit ratings could be downgraded into "junk debt" status after its voters rejected a deal to repay Britain and the Netherlands for losses from a banking crash, Standard & Poor's said on Wednesday...
13 Apr 2011
Japan may ask domestic utilities to share the compensation costs stemming from the crippled Fukushima nuclear plant and cap the burden on plant operator Tokyo Electric Power to...
13 Apr 2011
Not all bespoke derivatives can be traded on an exchange and regulators should not shoe horn the sector into a stock market structure...
13 Apr 2011
Aeon Delight Co, which cleans and manages commercial sites and other locations, will buy housekeeping services provider Kajitaku Inc for about 1 billion yen...
13 Apr 2011
The world's banks face a $3.6 trillion "wall of maturing debt" in the next two years and must compete with debt-laden governments to secure financing...
13 Apr 2011
Consumer goods giants Unilever and Procter & Gamble were fined 315.2 million euros (280 million pounds) by EU regulators on Wednesday for fixing washing powder prices in eight EU countries...
13 Apr 2011
MGM Resorts International disclosed the planned structure of its initial public offering in the fast-growing Macau casino market, reaching an agreement with co-owner Pansy Ho...
13 Apr 2011
Consumer goods packager Silgan Holdings Inc said it would buy smaller rival Graham Packaging Company Inc for about $1.3 billion in cash and stock to tap growing demand for plastic containers globally...
13 Apr 2011
Germany's financial regulator will begin looking at Deutsche Boerse's planned takeover of NYSE Euronext over the next few days, one of a host of regulators due to scrutinise the $10 billion (6 billion pounds) deal...
13 Apr 2011
BP will face an angry annual meeting, with shareholders exasperated at its latest foray into Russia, as its $18 billion (11 billion pound) tie-up with Rosneft looks close to collapse...
13 Apr 2011
Deutsche Bank will change the legal status of its main U.S. subsidiary to avoid having to endow it with up to $20 billion in fresh capital, the Wall Street Journal reported on Wednesday...
13 Apr 2011
The number of British companies in serious financial distress soared in the first quarter with restaurants, professional services businesses and the leisure industry in particular difficulty, a report showed...
13 Apr 2011
Advertising executive John Kwok recently spent thousands of dollars on a traditional-style Chinese jacket at luxury retailer Shanghai Tang's Pedder Street store in the heart of Hong Kong's business district...
13 Apr 2011
An Indian court on Wednesday put on trial the first set of officials and businessmen indicted in the country's biggest corruption case, a multi-billion dollar telecoms scandal that has weakened the government and put off some foreign investors...
13 Apr 2011
Mongolia plans to pick more than one winner in bidding to develop the Tavan Tolgoi coal mine, with results expected in May...
13 Apr 2011
Germany's banks will get an extension until Tuesday to supply financial data for a pan-European stress test...
12 Apr 2011
Zhang Guobao didn't mince words. More than 18 months after U.S. lawmakers killed an attempt by China National Offshore Oil Corp to buy Unocal in 2005...
12 Apr 2011
The U.S. Federal Reserve and the Federal Deposit Insurance Corporation said they would seek feedback on a proposed rule giving the government new authority to...
12 Apr 2011
At nearly every private equity, M&A or investment banking conference one thing remains constant -- the majority of speakers in crisp gray suits sitting up on stage are men...
12 Apr 2011
Cisco Systems Inc will dump its Flip video camera division, retiring the popular brand rather than selling it in a first step toward reviving a company CEO John Chambers admits has lost its way...
12 Apr 2011
British online payments provider Skrill pulled its planned London listing after books closed, blaming poor market conditions for new issues...
12 Apr 2011
An arbitration panel ordered Citigroup Inc to pay a group of investors $54.1 million for losses from municipal securities funds that cratered between 2007 and 2008...
12 Apr 2011
Indian makers of generic drugs have a fight on their hands as they scramble for access to the $100 billion worth of drugs coming off patent over the next two years...
12 Apr 2011
U.S. securities and futures regulators would receive modest funding increases for fiscal year 2011 under the spending deal that averted a government shutdown...
12 Apr 2011
U.S. regulators estimate the cost of bank failures will drop with the economy recovering and the banking industry becoming more stable...
12 Apr 2011
Energy companies, airlines and other end-users would be mostly exempt from having to put up costly collateral when using uncleared swaps to hedge their business risks...
12 Apr 2011
Two U.S. government agencies on Tuesday agreed to share nonpublic information on investigations on wrongdoing in the energy markets, including probes on crude oil and gasoline...
12 Apr 2011
Financial advisers and their bosses are keen to jump on the social media bandwagon, but regulators are making it tough for them to climb aboard...
12 Apr 2011
Real estate consulting firm Altus Group said it will acquire Argus Software for $130 million, to offer commercial real estate data and analytics to its clients...
12 Apr 2011
Blackstone Group is investing in the lucrative area of shale, following rivals such as Kohlberg Kravis Roberts & Co...
12 Apr 2011
Cisco Systems Inc will shut down its Flip video camera business in an overhaul of its troubled consumer products business, following chief John Chambers'...
12 Apr 2011
A U.S. government probe into HSBC in India looks set to be the start of a wider crackdown on Americans using bank accounts in Asia to evade taxes...
12 Apr 2011
Canadian miner Mercator Minerals Ltd said it will buy Creston Moly Corp in a cash-and-stock deal valued at about C$195 million ($204.0 million) to...
12 Apr 2011
Chefs' Warehouse Holdings filed with the U.S. regulators to raise up to $100 million in an IPO of common stock...
12 Apr 2011
A crackdown by global financial regulators on the "shadow" banking system may include bonds and structured financial products but share trading and currency transactions will be excluded...
12 Apr 2011
Putnam Mortgage Opportunities Co filed with U.S. regulators to raise up to $300 million in an IPO of common stock...
12 Apr 2011
Nasdaq OMX Group and Deutsche Boerse are wooing major NYSE Euronext shareholders, as both exchanges stand by their bids for the Big Board parent and dig in for a drawn-out battle...
12 Apr 2011
Mark Zuckerberg won a legal battle against former Harvard classmates who accuse him of stealing their idea for Facebook, but the feud made famous on the silver screen is not over yet...
12 Apr 2011
Danish hearing aid and headset maker GN Store Nord said two arbitration challenges by Poland's TPSA had been dismissed and the telecoms company should pay the money it owed...
12 Apr 2011
Commodity markets extended losses on Tuesday, with oil recoiling from the previous session's 32-month high under pressure after Goldman Sachs advised investors to cut and run, also leading to steep losses in precious metals and grains...
12 Apr 2011
The management of TNK-BP is planning to sue BP, claiming BP breached the joint venture's shareholder agreement, the Financial Times said on Tuesday...
12 Apr 2011
The head of China's largest search engine Baidu Inc cautioned Chinese Internet companies on Tuesday against listing overseas in haste, describing the market as "hot"...
12 Apr 2011
The economic damage from Japan's massive earthquake and tsunami last month is likely to be worse than first thought as power shortages curtail factory output and disrupt supply chains...
12 Apr 2011
An HSBC client pleaded guilty on Monday to offshore tax evasion, in a widening U.S. government probe of banks that may help tax dodgers...
12 Apr 2011
Malaysian tycoon Vincent Tan is considering selling a 49 percent stake in the unlisted gaming unit of Berjaya Sports Toto Bhd for about $1 billion including debt, and has hired Citigroup Inc as adviser...
12 Apr 2011
Australian private-equity owned building company Ausco Ltd is planning a A$500 million initial public offering, according to several fund managers...
12 Apr 2011
Kenya's plan to sell stakes in several state-owned companies to raise funds to plug a hole in the budget is likely to slow down thanks to political jostling as next year's elections approach…
11 Apr 2011
A court approved a voluntary prepackaged bankruptcy for Mexican glassmaker Vitro, which has been fighting with creditors over its plans to restructure about $3.4 billion in debt...
11 Apr 2011
A mortgage broker who secretly recorded two friends accused of trying to cover up one of the biggest U.S. insider trading cases on record pleaded guilty to...
11 Apr 2011
Clothier Gildan Activewear, the Canadian maker of T-shirts, socks and underwear, said it will buy U.S.-based sock maker Gold Toe Moretz Holdings for $350 million...
11 Apr 2011
France's market regulator has fined two banks a total of 900,000 euros ($1.30 million) for passing on insider knowledge of a 1 billion-euro Danone bond issue at the height of the...
11 Apr 2011
Tenet Healthcare Corp said it has sued its suitor, Community Health Systems Inc, claiming the rival hospital operator inflated revenue and earnings by admitting patients for needless stays to...
11 Apr 2011
The world's largest bond fund began betting against the United States last month by taking short positions on its debt on expectations the nation's shaky finances will...
11 Apr 2011
Endo Pharmaceuticals Holding Inc moved to reduce its dependence on its branded products that face generic threats by...
11 Apr 2011
UBS AG was ordered by a U.S. regulator to pay nearly $11 million in fines and reimbursements to compensate investors it misled about the safety of debt issued by Lehman Brothers Holdings Inc...
11 Apr 2011
Two Canadian pension funds reached an agreement to buy Pacific Coast timberland owner TimberWest Forest Corp in a deal valued at C$1.03 billion ($1.07 billion), including debt...
11 Apr 2011
Chrysler is aiming to refinance $7 billion of U.S. and Canadian government debt by June, clearing the way for Fiat to take a majority stake in the U.S. group...
11 Apr 2011
Arsenal is poised to become the fifth Premier League club to have an American owner after sports tycoon Stan Kroenke agreed a deal for a takeover that values the club at 731 million pounds...
11 Apr 2011
Internet content delivery company Level 3 Communications Inc plans to buy smaller rival Global Crossing Ltd for about $1.9 billion in a stock deal, as it looks to wrestle market share from...
11 Apr 2011
UAE domestic bourses will launch a new settlement system on April 28, the country's regulator said a key step that will bolster the country's chances of...
11 Apr 2011
Deutsche Boerse shares rose 1 percent after NYSE Euronext said it would stick to a deal with the German exchange, snubbing a rival U.S. offer and thereby decreasing the chances of a bidding war...
11 Apr 2011
Britain and the Netherlands plan to sue Iceland in a potentially drawn-out legal battle to recover $5 billion (3 billion pounds) lost in a bank crash after Icelandic voters rejected a plan to repay the money...
11 Apr 2011
Oil companies will pay more than 100 million euros ($144 million) to offset increased fiscal breaks for French consumers facing higher fuel prices at the pump, Finance Minister Christine Lagarde said on Monday...
10 Apr 2011
South Korea's financial watchdog launched an investigation on Monday into the leak of personal information from South Korea's Hyundai Capital, the consumer finance unit of Hyundai Motor Group, a Financial Supervisory Service official said...
10 Apr 2011
The Raine Group, the boutique investment bank started by two former Wall Street dealmakers, has received new investments from three media and technology executives, the Financial Times reported on Sunday...
10 Apr 2011
Warner Music Group's board is expected to review second-round bids for the company at a meeting in the coming week, a source familiar with the matter said...
10 Apr 2011
The chief executive of Glencore was quoted on Sunday as saying that the launch of an initial public offering by the global commodities trader was "imminent."...
10 Apr 2011
Saudi Arabia's stock market regulator approved on Sunday the first initial public offering on the biggest Arab bourse this year to be completed in the second quarter...
10 Apr 2011
Billionaire Li Ka-shing's yuan-denominated property trust was launched on Sunday, counting on demand by yield-hungry investors looking to benefit from growth in...
8 Apr 2011
U.S. market regulators sued the former chief financial officer of a multibillion-dollar hedge fund founded by Daniel Zwirn, accusing him of improperly...
8 Apr 2011
A U.S. Senate panel will release its report next week on the financial crisis that its leaders said on Friday will contain important new information...
8 Apr 2011
U.S. securities regulators will host a May 10 discussion on issues surrounding money market funds and systemic risk...
8 Apr 2011
The Justice Department approved Google Inc's purchase of ticketing software company ITA Software as long as ITA's products remain available to Google's rivals, among other conditions...
8 Apr 2011
The number of Japanese corporate bankruptcies is likely to rise after the summer on the impact from last month's devastating earthquake and subsequent tsunami, a research firm said on Friday, with the effects of government spending on disaster relief expected to take some time to filter through...
8 Apr 2011
Johnson & Johnson has agreed to pay $70 million (42.8 million pounds) to settle U.S. charges that it paid bribes and kickbacks to...
8 Apr 2011
Brazil's Vale, the world's largest iron ore producer, bid $1.1 billion for Metorex Ltd to tap into its copper and cobalt operations and drive growth via resource-rich Africa...
8 Apr 2011
Wesco Aircraft Holdings Inc filed with the U.S. regulators to raise up to $300 million in an initial public offering...
8 Apr 2011
Australia's ASX Ltd may be forced to spin off its lucrative clearing and settlement business following a review of the nation's financial systems sparked by Singapore Exchange's bid for the...
8 Apr 2011
U.S. securities regulators are in the early stages of reviewing rules governing share issuances by private companies, Securities and Exchange Commission Chairman Mary Schapiro said...
8 Apr 2011
British oil giant BP Plc failed to lift a block on its proposed $16 billion (9.8 billion pound) share swap with Russia's Rosneft, but gained some breathing space to try to salvage the deal...
8 Apr 2011
Europe raised the bar for its banks, demanding more, better-quality capital in a test aimed at reassuring taxpayers the sector can withstand future recessions...
8 Apr 2011
Jefferies Group Inc said it raised $490 million in stock and will issue additional debt, which analysts expect the company to use to finance the...
8 Apr 2011
Swedish private-equity firm EQT will issue a rare payment in kind bond to part-fund its acquisition of Swedish refrigeration group Dometic Group, bankers close to...
8 Apr 2011
Online video search firm Blinkx is to buy online ad network Burst Media for $30 million to help build personalised online TV channels that should command premium rates from advertisers...
8 Apr 2011
U.S. biotechnology company Amgen Inc is expanding in Brazil, announcing it had acquired privately held Bergamo for about $215 million while reacquiring rights in the country to several Amgen products...
8 Apr 2011
U.S. securities regulators may ease constraints on share issues by private companies, making it easier for start-ups to raise money, the Wall Street Journal reported...
8 Apr 2011
Swiss drugmaker Novartis AG has finally sealed its $50.9 billion buy of Alcon Inc by paying the eyecare group's minority shareholders an extra $463 million in cash...
8 Apr 2011
Goldman Sachs has bought a 12 percent stake worth more than $900 million in China's Taikang Life Insurance Co Ltd, giving the Wall Street giant a foothold into the world's biggest insurance market...
8 Apr 2011
Global miner Rio Tinto won control over Riversdale Mining on Friday with a $4 billion offer, allowing the global miner to now dictate development of Riversdale's prized coal mines in Mozambique...
8 Apr 2011
Europe will tell its banks on Friday how much capital they need to hold to withstand a two-year recession, as financial watchdogs seek to repair the sector's tattered image in the eyes of investors...
8 Apr 2011
Belgo-Dutch medical equipment and services company Arseus NV said it was seeking acquisitions for its key pharmaceutical ingredients business after reporting strong first-quarter sales...
8 Apr 2011
Givaudan, the world's biggest fragrance and flavour maker, is increasing prices to pass on the higher cost of raw materials to customers and help it reach its 2011 growth target...
8 Apr 2011
Carmaker Saab is trying to release some of the collateral pledged against state-guaranteed loans to meet unpaid supplier bills and return to production, a Swedish business daily reported on Friday...
8 Apr 2011
Singapore Exchange Ltd terminated its $8 billion (4.9 billion pound) bid for Australia's ASX Ltd after the Australian government formally rejected the offer, saying changes to the...
8 Apr 2011
AMI insurance, New Zealand's second-largest residential insurer, said it would consider a takeover offer from rival Tower Ltd , but would prefer a cornerstone investor as it looks to plug a potential funding shortfall from two devastating earthquakes...
8 Apr 2011
China is overhauling the biggest healthcare system in human history and has made important progress since 2003: implementing a universal medical insurance system and subsidising a growing list of essential drugs...
8 Apr 2011
China will buy the first oil cargo from Libyan rebels via trading house Vitol, sources said on Thursday, in a trial deal which is likely to clear the way for Europe to resume badly-needed…
7 Apr 2011
A panel of judges grilled U.S. securities regulators over the costs of a rule that business groups charge would give activist unions and pension funds too much power to...
7 Apr 2011
A group of Lehman Brothers creditors including Morgan Stanley are "seriously considering" a third reorganization proposal for the bankrupt investment bank to vie with...
7 Apr 2011
The U.S. Securities and Exchange Commission for the first time fined individuals solely for violating a privacy rule designed to prevent confidential customer information from...
7 Apr 2011
Two companies and seven brokers were fined by an industry regulatory group because they sold securities to investors from companies that were on the verge of collapse...
7 Apr 2011
Jefferies Group said it would buy Prudential Financial's global commodities and derivatives trading business for $430 million...
7 Apr 2011
Landry's Restaurants Inc launched a formal hostile bid to buy McCormick & Schmick's Seafood Restaurants Inc for $9.25 a share through its subsidiary LSRI Holdings...
7 Apr 2011
A U.S. government shutdown would temporarily turn off the spigot on the IPO pipeline...
7 Apr 2011
Stock exchanges in Asia will explore ways to consolidate as it is key to their survival, though full-blown mergers would need to be structured in a way that allays the concerns of...
7 Apr 2011
U.S. real estate merger and acquisition activity has rebounded strongly this year and is likely to keep percolating, investment bankers at the Reuters Global Mergers and Acquisition Summit...
7 Apr 2011
Global investment bank Goldman Sachs Group is seeking to buy the 55 percent of its Australian and New Zealand joint venture that it does not already own...
7 Apr 2011
European bank stress tests combine "very conservative" definitions of what counts as capital and "maximum disclosure" to let investors get a clear view of lenders' health...
7 Apr 2011
European shares rose on Thursday, led higher by financials after Portugal said it would seek financial aid, but traders were wary that the bailout may not signal the end of the euro zone debt crisis...
7 Apr 2011
Japan's neighbours sounded increasingly alarmed over the risk of radiation from the crippled Fukushima nuclear power plant, while figures showed the number of foreign visitors to the country had slumped during what should be the peak tourism season...
7 Apr 2011
A lawyer and a trader were accused by federal prosecutors of running a 17-year conspiracy to trade on corporate merger secrets stolen from three of the nation's most powerful law firms, in one of the largest U.S. insider trading cases on record...
7 Apr 2011
Portugal's decision to seek international aid removes a cloud of uncertainty over the euro zone and has a good chance of ending the spread of debt market crises to fresh countries in the region...
7 Apr 2011
InterContinental Hotels Group, the world's top hotelier, signed a joint venture partnership with Duet India Hotels Group to develop its Holiday Inn Express brand in the Indian market...
7 Apr 2011
Aluminum Corp of China's (Chinalco) subsidiary in Hong Kong has signed an agreement with a state-owned service firm in Laos to jointly develop...
7 Apr 2011
Brazil announced a minor tax increase on foreign borrowing on Wednesday in an attempt to halt the relentless appreciation of its currency, but the move was dismissed by analysts as unlikely to substantially reduce the tidal wave of dollars flowing into the country...
7 Apr 2011
The U.S. auditing watchdog is working with securities regulators in order to inspect the audits of American public companies based in China, an area that is the focus of an ongoing probe by the Securities and Exchange Commission…
6 Apr 2011
Former Enron Chief Executive Jeffrey Skilling was unsuccessful in his latest bid to overturn his criminal conviction as a U.S. appeals court called any errors in his trial "harmless"...
6 Apr 2011
Investment bank Jefferies Group Inc has reached an agreement in principle to settle a regulatory enforcement action over its auction-rate securities, the company disclosed...
6 Apr 2011
The nationalistic fervor that threatens to kill takeovers of some of the world's top stock exchanges is expected given the history and pride involved, top M&A bankers said...
6 Apr 2011
Dish Network Corp won Blockbuster Inc in a bankruptcy auction for $320 million, further broadening its business beyond satellite TV and setting up a possible showdown with Netflix...
6 Apr 2011
The top U.S. audit watchdog called on Congress to help end the secrecy surrounding its investigations of accounting firms and disciplinary hearings linked to the recent financial crisis...
6 Apr 2011
CI Financial said it would "vigorously defend" its shareholder rights plan and deemed "inaccurate" recent comments aimed at the fund manager by Rick Waugh...
6 Apr 2011
The UK Treasury and Financial Services Authority published a joint review of regulations governing the covered bond market, proposing changes to...
6 Apr 2011
Dish Network Corp won Blockbuster Inc in a bankruptcy auction for about $320 million, boosting the satellite TV provider's online features and marketing reach...
6 Apr 2011
Clean Harbors Inc, a provider of environmental and related services, said it will buy Canada-based Peak Energy Services Ltd for about C$161 million ($167 million) in cash to expand its presence in...
6 Apr 2011
The Securities and Exchange Commission unveiled a long-awaited plan designed to protect the markets from volatile price swings following the May 6 "flash crash"...
6 Apr 2011
A Texas judge has overturned a $625 million patent infringement award against Apple Inc, saying the jury erred in finding the maker of Mac computers used technology owned by...
6 Apr 2011
Backoffice services provider Genpact Ltd agreed to buy smaller rival Headstrong Corp for $550 million in cash, making it the second-largest deal this year by an...
6 Apr 2011
Artisan Partners Asset Management Inc filed with U.S. regulators to raise up to $250 million in an IPO...
6 Apr 2011
Major merger activity will not occur in Canada's telecom industry until the government makes long-promised changes to laws blocking foreigners from controlling local carriers...
6 Apr 2011
Private equity-backed deals will continue to drive the U.S. market for initial public offerings during the rest of 2011, capital markets bankers told the...
6 Apr 2011
Private equity transactions in the financial sector across Asia are receiving heavier scrutiny from regulators worried about handing control of a regulated entity to a foreign buyout firm...
6 Apr 2011
Daimler and Rolls-Royce launched their official bid for Tognum at 24 euros per share, a price initially rejected by the target company as too low...
6 Apr 2011
Moody's cut the credit ratings of seven Portuguese banks on Wednesday, pointing to lenders' weakened financial state and the likelihood a government struggling with debt would limit support for them...
6 Apr 2011
Shares of Tokyo Electric Power Co plunged again on Wednesday, sliding as much as 19 percent to their lowest in the company's history, reflecting concern about its long-term viability as it struggles to gain control of a stricken nuclear plant...
6 Apr 2011
An official with the Chinese central bank said on Wednesday that liquidity in the country's financial market remained excessive, making its fight against inflation difficult, several traders who attended a meeting with the official said...
6 Apr 2011
China's rate rise adds to six official increases in bank reserves since October and underlines Beijing's determination to clamp down on inflation, which leaders…
5 Apr 2011
The U.S. futures regulator said on Tuesday it will issue a proposal on margin requirements for uncleared swaps for swap dealers and major swap participants at...
5 Apr 2011
Satyam Computer Services Ltd and its former auditor PricewaterhouseCoopers agreed to pay a combined $17.5 million to settle U.S. probes into an accounting fraud that in...
5 Apr 2011
A unit of Wells Fargo & Co settled civil charges on Tuesday alleging that Wachovia violated federal securities laws when it sold mortgage-backed securities to investors in the lead-up to...
5 Apr 2011
U.S. regulators seeking to make it easier for shareholders to nominate company directors will face off in court against business groups fearful of...
5 Apr 2011
Orascom Telecom has made no progress in a dispute with the Algerian government and will bring the matter to international arbitration if it is not resolved...
5 Apr 2011
Company managers across Europe may have to put their pay packets to a shareholder vote and introduce a quota for women executives under proposals from...
5 Apr 2011
Diamond Foods Inc will buy Pringles from Procter & Gamble Co for $1.5 billion in stock, snagging a global brand that...
5 Apr 2011
Merck & Co said it would acquire eye treatment maker Inspire Pharmaceuticals Inc for about $430 million to expand its ophthalmology portfolio...
5 Apr 2011
The European Commission said it had approved restructuring plans for Dutch state-owned bank ABN AMRO, subject to a ban on acquisitions and...
5 Apr 2011
Chinese firms face a series of regulatory, political and procedural challenges in buying U.S. companies, which is driving them to other countries that are seen as friendlier...
5 Apr 2011
Europe's top trading firms fear that mergers among the world's bourses will stifle competition and increase risk, the main regional bank trade body said...
5 Apr 2011
Australia intends to reject Singapore Exchange Ltd's proposed $7.8 billion bid for Australia's ASX Ltd on national interest grounds...
5 Apr 2011
A Muslim body backed by the Philippines government wants Middle East investors to take a stake in the country's sole sharia lender to help kickstart its Islamic banking industry...
5 Apr 2011
Vodafone said on Tuesday it had filed a petition in the Supreme Court seeking protection against a notice from the India's tax authorities starting penalty proceedings on the company related to a tax bill over a 2007 acquisition...
5 Apr 2011
LivingSocial, the U.S. online coupon seller, has raised $400 million to fund expansion and keep up with larger competitor Groupon Inc...
5 Apr 2011
The U.S. securities regulator sought information from Bank of America Corp last year about the loan-loss reserves used to repurchase faulty home loans, company filings showed...
5 Apr 2011
Brazilian mining giant Vale on Monday named a new chief executive under withering government pressure, a move that may spark fears of state meddling in Brazil's private sector, but is not expected to dent investor confidence in the firm...
5 Apr 2011
Omani state-owned Onyx Investments Ltd has taken a 15 percent stake in German container shipping company Hapag-Lloyd...
5 Apr 2011
Three major telecom companies have withdrawn from bidding for Syria's third mobile telecoms licence leaving the way clear for Qatar Telecommunications and Saudi Telecom Co. to fight it out...
5 Apr 2011
Sixteen days before the first anniversary of the worst oil spill in U.S. history, BP's efforts to resume drilling in the Gulf of Mexico have provoked a predictably fierce response from Washington...
4 Apr 2011
U.S. audit inspectors will begin reviewing accounting firms in Switzerland starting later this year, said James Doty, chairman of the Public Company Accounting Oversight Board...
4 Apr 2011
A former Capitol Investments USA Inc chief financial officer and his son pleaded guilty to helping the firm's owner run a $880 million Ponzi scheme tied to...
4 Apr 2011
Securities regulators are probing Chinese and other foreign companies with questionable accounting practices that have used backdoor methods to access U.S. capital markets...
4 Apr 2011
Iconic Indian tycoon Ratan Tata will appear on Monday before a parliamentary panel probing a multi-billion dollar telecoms graft scandal that has badly dented the government's credibility and alarmed investors in Asia's third largest economy...
4 Apr 2011
Japan may review its emission reduction pledge for 2020 after a massive quake and tsunami last month set off a crisis at the Fukushima nuclear power plant, Japanese media quoted a senior environment ministry official as saying...
4 Apr 2011
India's top economic policy panel is expected to take a decision on Wednesday on a long pending approval for Cairn Energy Plc's deal to sell a stake in its Indian unit to Vedanta Resources, the Economic Times reported on Monday...
4 Apr 2011
Singapore state investor Temasek Holdings is in talks to buy a part of U.S. private equity firm TPG Capital's holding in Indian commercial vehicle lender Shriram Transport Finance Co...
4 Apr 2011
Global regulators meet this week to agree minimum extra safeguards against taxpayer rescues for the biggest banks...
4 Apr 2011
Bankrupt Nortel Networks has entered into a preliminary agreement to sell its patent portfolio to Google...
4 Apr 2011
Private equity firm Apax Partners will buy Epicor Software Corp and privately held Activant Solutions Inc...
4 Apr 2011
Certificates used by Sanofi-Aventis SA to win Genzyme Corp started trading at a steep discount to their best-case value on Monday...
4 Apr 2011
Vodafone's exit from France's SFR marks another step in the revamp of its portfolio and reflects how Europe's telecom giants...
4 Apr 2011
Finra says hearing panel expels AIS Financial Inc …
4 Apr 2011
Southwest Airlines Co canceled 70 flights on Monday as it continued to inspect Boeing 737 planes following the emergency landing on Friday of a jet with a hole...
4 Apr 2011
Pfizer Inc said it struck a deal to sell its Capsugel unit, the world's largest maker of hard capsules, to private equity firm KKR & Co...
4 Apr 2011
Struggling wine retailer Oddbins has become the latest victim of a downturn in UK consumer spending...
4 Apr 2011
Deutsche Boerse won't make a decision on a higher bid for NYSE Euronext until the U.S. exchange's board reacts to last week's counter-offer from Nasdaq and IntercontinentalExchange...
4 Apr 2011
New Gold Inc, an intermediate gold producer, said it struck a deal to acquire Richfield Ventures in an all-stock deal worth C$550 million...
4 Apr 2011
A nascent recovery in global dealmaking, focused on safer deals with clear strategic logic, probably marks the start of several years of rising mergers and acquisitions...
4 Apr 2011
Three European companies seeking to raise a total of $1.7 billion announced more details of their planned listings as a wave of share sales entered a busy week...
4 Apr 2011
Fund managers are dumping shares in banks whose regulators are over-zealous in the application of new capital rules…
4 Apr 2011
Cash-rich Belgian chemicals group Solvay SA is betting on emerging markets exposure and specialty chemicals with a 3.4 billion euros...
4 Apr 2011
Regulators have a lot more than domestic competition to weigh as they scrutinize the competing bids for NYSE Euronext...
4 Apr 2011
The U.S. securities regulator is preparing to bring civil charges against Wachovia Corp, a unit of Wells Fargo & Co, for allegedly overpricing mortgage bond deals...
4 Apr 2011
Minmetals Resources Ltd does not expect government approvals to hold up its planned $6.5 billion acquisition of Equinox Minerals Ltd , Minmetals Chief Executive Andrew Michelmore told a media conference...
4 Apr 2011
GB Auto, Egypt's biggest listed automobile assembler, said on Sunday it plans to launch a finance company offering loans to car buyers in a move to expand its sources of revenue...
4 Apr 2011
Kuwait's luxury carrier Wataniya Airways, which ceased operations last month, plans to increase capital by 15 million dinars ($54.07 million)...
4 Apr 2011
BP has struck a deal with U.S. regulators that will allow it to resume deepwater drilling in the Gulf of Mexico, a year after the Deepwater Horizon rig exploded...
3 Apr 2011
Hui Xian REIT, the property flagship controlled by Hong Kong billionaire Li Ka-shing, has secured regulatory clearance to launch Hong Kong's first yuan-denominated stock offering...
3 Apr 2011
China's Minmetals Resources has already submitted an application to Australia's Foreign Investment Review Board for its $6.5 billion bid for Equinox Minerals and...
3 Apr 2011
State-run Saudi Telecomhas submitted an offer for a mobile licence in Syria, the company said on Saturday, one of the few countries in the region with low mobile penetration and promising growth chances...
1 Apr 2011
China's Bright Food Group Co plans to raise up to 6 billion yuan ($916 million) as early as this year by selling bonds and listing a unit...
1 Apr 2011
Private equity firm Providence Equity Partners said on Friday it has agreed to buy U.S. defense consulting company SRA International Inc for $1.88 billion in cash...
1 Apr 2011
Private equity firm TPG Capital has agreed to sell a minority stake in itself to two sovereign wealth funds, the Kuwait Investment Authority and the Government of Singapore Investment Corp...
1 Apr 2011
Nasdaq OMX and IntercontinentalExchange unveiled a rival bid to buy NYSE Euronext for about $11.3 billion (7 billion pounds) in cash and stock, a 19 percent premium to the offer made by German competitor Deutsche Boerse...
1 Apr 2011
China's largest business-to-consumer website 360buy.com said on Friday it has raised a whopping $1.5 billion from a diverse group of investors in its latest round of financing...
1 Apr 2011
U.S. aircraft parts supplier Goodrich Corp said it would buy Microtecnica, a maker of actuation systems for the aerospace industry, for about 330 million euros...