NEWS
June 2011
30 Jun 2011
Hedge fund Level Global Investors, which has been embroiled in the government's insider trading probe into hedge funds' use of outside experts, paid $3.2 million to resolve claims that...
30 Jun 2011
After seeing its transatlantic rival go down to defeat, the Maple Group consortium of Canadian banks and pension funds wants to shift its proposed takeover of TMX Group onto a friendlier plane...
30 Jun 2011
Three chief executives and two stock promoters were criminally charged with engaging in fraudulent penny stock schemes, after a probe that involved undercover FBI agents...
30 Jun 2011
U.S. securities regulators filed new charges on Thursday contending that the founder of ICP Asset Management LLC improperly transferred homes he owned shortly after...
30 Jun 2011
The accounting troubles and short-selling attacks hitting China-based companies are creating fertile ground for the rumor mill to flourish, with some shares hammered…
30 Jun 2011
Britain will apply a European Union court ban on sex discrimination in insurance premiums from the end of next year...
30 Jun 2011
Simulation software maker Ansys Inc said it would buy privately held rival Apache Design Solutions...
30 Jun 2011
Middle East investors Borse Dubai and the Qatar Investment Authority hold the key to the future of London Stock Exchange amid speculation it has become a takeover target after...
30 Jun 2011
News Corp secured British government backing for its buyout of BSkyB on Thursday after the minister responsible rejected complaints the move would give Rupert Murdoch too much power and influence...
30 Jun 2011
Critics say it doesn't go far enough, has been watered down, may barely be enforced and its terms have - perhaps deliberately - been left vague...
30 Jun 2011
The United States would immediately have its top-notch credit rating slashed to "selective default" if it misses a debt payment on August 4, Standard & Poor's managing director John Chambers told Reuters...
30 Jun 2011
Belgium's competition authority searched a plant of AkzoNobel , the world largest paint maker, last week in an investigation into potential anti-competitive behaviour...
30 Jun 2011
Plans to combine Brazil's two biggest retailers in a complex, $14 billion transaction are sure to run up against significant hurdles...
30 Jun 2011
Leading brokerage industry watchdog FINRA may not have the same global cachet as running the Securities and Exchange Commission...
30 Jun 2011
Olympic Group's parent company Paradise Capital expects a takeover deal between the Egyptian appliance maker and Electrolux to be revised due to political instability...
30 Jun 2011
UAE mall developer Majid Al Futtaim Holding (MAF), which began investor meetings last week, will not after all issue a bond due to market volatility...
30 Jun 2011
Hedge fund Paulson & Co. has more time to increase the payout on a group of U.S. luxury resort hotels it owns after bankruptcy court gave it an extension on Wednesday...
30 Jun 2011
A former employee of tech companies Advanced Micro Devices Inc and Western Digital Corp told a judge in pleading guilty on Thursday to criminal charges that...
29 Jun 2011
European Union governments struck a provisional deal on Wednesday on preventing market abuse and insider trading in energy markets...
29 Jun 2011
News Corp has sold Myspace for $35 million, a fraction of what it paid for the once-hot social media site even as a new generation of Web-based start-ups is enjoying sky-high valuations...
29 Jun 2011
The push to force e-sellers like Amazon to apply local state taxes toward online purchases will impact thousands of small Internet companies and is "bad public policy”...
29 Jun 2011
Business software maker CA Technologies agreed to buy privately-held Interactive TKO Inc for $330 million in cash to expand its cloud-based offerings...
29 Jun 2011
LivingSocial met with banks this week to discuss an IPO of about $1 billion...
29 Jun 2011
Citigroup and Lehman Brothers International Europe's administrators PricewaterhouseCoopers (PWC) have reached a settlement on assets, currently valued at over $2.5 billion...
29 Jun 2011
One of the biggest oil market manipulation cases undertaken by U.S. regulators is entering a new phase in which a judge will mediate settlement talks...
29 Jun 2011
A bank's supervisory "rating" won't be public and many firms won't make the top grade...
29 Jun 2011
The London and Toronto stock exchanges abandoned plans for a C$3.6 billion merger on Wednesday, as it became clear they would not win enough shareholder support for their transatlantic alliance...
29 Jun 2011
The London Stock Exchange became a takeover target overnight on Wednesday when it pulled out of its $3.5 billion merger with Canada's TMX Group...
29 Jun 2011
Swap dealers would need to disclose more information to customers and provide added protection to clients...
29 Jun 2011
Lehman Brothers Holdings Inc filed a new $65 billion bankruptcy liquidation plan that it said has won wider support...
29 Jun 2011
BJ's Wholesale Club Inc agreed to be bought by private equity firms Leonard Green & Partners and CVC Capital Partners for...
29 Jun 2011
Shares of China Yurun Food Group Ltd , which had lost a third of their value in recent trading sessions, rebounded sharply on Wednesday after Muddy Waters issued a report on another Chinese company and not on Yurun as market rumours had suggested...
29 Jun 2011
France's Carrefour moved on Tuesday to snatch control of Brazil's No.1 retailer from its arch-rival Casino, a deal will likely face stiff opposition in courts...
29 Jun 2011
China's bank regulator on Wednesday published draft rules on sales of wealth management products to ward off potential risks and protect investors -- the latest move to cool a frenzied drive by banks to lure deposits...
29 Jun 2011
Bank of America Corp settled nearly all of the claims related to the legacy Countrywide-issued first-lien residential mortgage-backed securitization (RMBS) repurchase exposure for $8.5 billion in cash...
29 Jun 2011
A growing number of private equity companies are likely to invest in metal recycling as environmental pressures intensify and mineral resources dwindle to make it an increasingly attractive prospect...
29 Jun 2011
Deutsche Boerse and NYSE Euronext formally asked the European Commission's competition regulators on Wednesday to approve their planned $9 billion tie-up...
29 Jun 2011
Hewlett-Packard Co , the world's No.1 PC maker, plans to develop cloud computing products in China to sell globally, Chief Executive Leo Apotheker said, as global tech companies eagerly tap the booming Chinese market...
28 Jun 2011
Kyocera Corporation plans to buy Danish carbide tool maker Unimerco in a deal reportedly worth $247.2 million...
28 Jun 2011
Canada's Competition Bureau said that BCE Inc's Bell Canada unit had agreed to pay C$10 million ($10.2 million) and to stop making what the watchdog called "misleading representations" about its prices...
28 Jun 2011
Billionaire investor Nelson Peltz bought 12.2 million shares in Kraft Foods Inc during the first quarter, his investment firm reported this week...
28 Jun 2011
Up to one in six European banks is set to fail an EU-wide financial health check, according to euro zone sources close to the stress-testing...
28 Jun 2011
New York's highest court revived a lawsuit by several large banks challenging bond insurer MBIA Inc's 2009 restructuring, which they complained was unfair to policyholders...
28 Jun 2011
Dish Network Corp appears set to buy the assets of bankrupt telecommunications company TerreStar Networks Inc for $1.375 billion, after no competing bids were received...
28 Jun 2011
Russian firm Otkritie Financial Corp said it will buy GE Money Bank Latvia, which started operations in the Baltic state months before the bailout of one of the country's largest lenders...
28 Jun 2011
Singapore said it will make its banks hold higher capital levels than those set out under the new Basel III regulations...
28 Jun 2011
Russian fertiliser producer PhosAgro said it had set an indicative price range of $13 to $16.50 per global depositary receipt for a market debut it hopes will value the company at...
28 Jun 2011
Spice maker McCormick & Co said it would buy privately-held Polish peer Kamis for about $291 million to expand in the European market...
28 Jun 2011
The secretive business havens of Cyprus and the Cayman Islands face a potent rival: Cheyenne, Wyoming...
28 Jun 2011
In a major victory for Morgan Keegan, a U.S. district judge tossed out a lawsuit by the SEC that accused the brokerage firm of fraud in connection with its sale of auction-rate securities...
28 Jun 2011
Investors in "feeder funds" who lost money in Bernard Madoff's Ponzi scheme do not qualify as customers of the now-imprisoned swindler...
28 Jun 2011
South Africa denied reports on Tuesday it had approved a $1.2 billion bailout loan for neighbouring Swaziland, which is Africa's last absolute monarchy and mired in an acute cash flow crisis...
28 Jun 2011
British credit information firm Experian is buying medical payments specialist Medical Present Value for $185 million in cash to tap growing demand for payment administration systems in the U.S. medical sector...
28 Jun 2011
Some recent red-hot initial public offerings have the U.S. SEC concerned that Wall Street's underwriters may be tempted to revive some troubling tech bubble practices...
28 Jun 2011
French search engine company 1PlusV said it is suing Google for 295 million euros ($417.7), alleging the company used its market dominance to block the development of alternative services...
28 Jun 2011
U.S. securities regulators said they have recovered $229.4 million from an offshore fund held by a Connecticut-based hedge fund whose manager pleaded guilty this year to running a Ponzi scheme...
28 Jun 2011
Taiwan plans to tighten processes for tender offers to improve information disclosure and better protect minority shareholders in the wake of regulators'…
27 Jun 2011
Europe's banks may need to raise over 50 billion euros ($71.6 billion) after regulators slapped an extra capital surcharge on big lenders to make them safer and...
27 Jun 2011
Hedge funds have stepped up to the plate. JPMorgan's Highbridge investment arm is the latest to bail out a struggling baseball team...
27 Jun 2011
The trustee for Bernard Madoff's victims has a very clear message for JPMorgan Chase: Don't mess with me. The big bank tried to brush off Irving Picard...
27 Jun 2011
China Yurun Food Group Ltd shares suffered their biggest-ever fall on Monday on market talk that it would be the next target of...
27 Jun 2011
The Australian government faces major hurdles in securing backing from the Greens for its plan to cut carbon emissions, the Greens leader said on Tuesday, raising the risk that talks could fail and possibly sinking the policy...
27 Jun 2011
Singapore Airlines (SIA) and its pilots union are taking their salary dispute to the country's Industrial Arbitration Court (IAC), the company confirmed on Tuesday...
27 Jun 2011
Private equity and real estate firm Blackstone Group was recently asked by the Securities and Exchange Commission to provide extra information about how it remunerates its executives...
27 Jun 2011
Nebraska Book Co, one of the largest U.S. college bookstore operators, filed for bankruptcy protection to restructure its debt after seeing sales drop and losses mount as...
27 Jun 2011
Williams Companies Inc said its $4.9 billion proposal to buy Southern Union Co is not subject to any financing contingency...
27 Jun 2011
A former Citigroup Inc vice president charged with embezzling $19 million from the bank's accounts -- an alleged fraud that went undiscovered for more than a year and a half -- pleaded not guilty in Brooklyn federal court on Monday...
27 Jun 2011
Lehman Brothers Holdings Inc is preparing to sell its stake in a Manhattan building that once housed the International Toy Center to JPMorgan Chase & Co for about $700 million...
27 Jun 2011
Bidders for the operator of Canada's largest stock exchange stepped up their last-minute push for votes on Monday as the deadline loomed for TMX Group shareholders to decide between a takeover offer from the London Stock Exchange or from a home-grown rival...
27 Jun 2011
Securities regulators agreed last week to expand "circuit breaker" trading pauses to all U.S. stocks, building on safeguards meant to avoid market free-falls such as last year's flash crash...
27 Jun 2011
Most large U.S. banks now have big enough capital cushions to pass future stress tests routinely, according to research published Monday by the Federal Reserve Bank of San Francisco...
27 Jun 2011
Stanley Black & Decker, the U.S. firm best known for its power tools, offered $1.2 billion for Swedish security services firm Niscayah, as it looks to expand in Europe's growing electronic security systems market...
27 Jun 2011
Oman's Bank Dhofar has been ordered to pay 26.1 million rials ($67.8 million) into an enforcement court's account in a lawsuit filed by rival Oman International Bank (OIB)...
27 Jun 2011
British drinks group Diageo said it did not intend to take full control of Sichuan Shuijingfang , China's fourth largest white spirits group...
27 Jun 2011
U.S. regulators are on pace this year to settle the fewest insider trading cases in at least a decade, a new study shows, as they choose to battle high-profile defendants...
27 Jun 2011
Broker-dealers won additional time from federal regulators to comply with new rules banning "naked access," where brokers rent their IDs to unlicensed high-speed traders...
27 Jun 2011
The Los Angeles Dodgers filed for bankruptcy protection, blaming Major League Baseball Commissioner Bud Selig for...
27 Jun 2011
U.S. securities regulators have broadened their probe of mortgage bonds sold by brokerage firm Stifel Financial Corp to include whether the securities were suitable for...
27 Jun 2011
Media and publishing company Meredith Corp said it has agreed to buy privately held EatingWell Media Group for an undisclosed sum...
27 Jun 2011
Shares in Europe's banks dipped Monday after regulators slapped an extra capital surcharge on big lenders to make them safer, and told them they could not use contingent capital for the extra cushion...
27 Jun 2011
South Africa's Ethos Private Equity will exit its majority investment in sporting goods retailer Holdsport through a $170 million listing on the Johannesburg Stock Exchange next month...
27 Jun 2011
The private equity arm of French insurer AXA has agreed to acquire a 52.26 percent stake in French overseas telecom provider Outremer for 12 euros ($16.98) a share, the companies said on Monday...
27 Jun 2011
Struggling entertainment retailer HMV has sold its 121-store Canadian unit to Hilco UK, raising 2 million pounds to cut debt and help the firm stay in business...
27 Jun 2011
Financial services provider S1 Corp agreed to buy Fundtech Ltd in a stock deal valued at about $700 million, just weeks after the Tel Aviv-based company confirmed it was in talks with potential buyers...
27 Jun 2011
HSBC Holdings Plc, Europe's biggest bank, will merge its Saudi Arabian wholesale and investment banking business with Saudi British Bank's SABB Securities...
27 Jun 2011
Philadelphia-based women's clothing retailer Deb Shops Inc filed for bankruptcy protection in a Delaware court on Sunday as part of a financial restructuring that...
27 Jun 2011
Britain's new financial watchdog will ban products that are bad for consumers for up to a year and intervene far sooner to stamp out miselling…
27 Jun 2011
Taiwan plans to tighten processes for tender offers to improve information disclosure and better protect minority shareholders in the wake of regulators' rejection of...
26 Jun 2011
Bank of Communications Co Ltd (BoComm) is the likely winner of bidding for a controlling stake in mid-sized Shanghai Securities, the China Business News reported on Monday...
26 Jun 2011
Premier Wen Jiabao signaled for the first time that China would struggle to meet its 4 percent inflation target this year...
26 Jun 2011
Britain and China are expected to announce business deals worth a billion pounds ($1.60 billion) on Monday, including the reopening of British poultry exports to China and increased pork exports...
26 Jun 2011
Nokia Corp and Siemens AG failed to secure a deal for investors for a controlling stake in their unprofitable joint venture...
26 Jun 2011
While governments and regulators dither, IntercontinentalExchange energy hub has moved ahead of the curve, with steps to boost transparency that could increase the lure of its flagship Brent contract over its U.S. rival...
25 Jun 2011
Global banking regulators have agreed on a proposal to slap an extra capital charge on the world's biggest banks to make them safer by 2019...
24 Jun 2011
Microsoft Corp's famous founder may know better than anyone else what the Google Inc chief executive would face if he engages in a protracted legal battle against U.S. antitrust regulators...
24 Jun 2011
China Everbright Bank Co Ltd has delayed meetings with investors to promote its planned $6 billion Hong Kong share listing...
24 Jun 2011
A Delaware judge gave Harry & David Holdings Inc permission on Friday to send its bankruptcy exit plan to...
24 Jun 2011
Golden Minerals Co will buy Canada's ECU Silver Mining in a reverse merger for about C$302.5 million ($309.1 million) in cash and stock...
24 Jun 2011
TMX Group operator of the Toronto Stock Exchange, should stay in Canadian hands or the country risks an exodus of its financial institutions and its brightest financial talents...
24 Jun 2011
A U.S. appeals court revived a lawsuit by bondholders of the failed Washington Mutual Bank who accused JPMorgan Chase & Co of causing them losses when...
24 Jun 2011
Complex antitrust questions hang over Deutsche Boerse AG and NYSE Euronext just weeks before shareholders must decide whether to endorse a blockbuster merger of the two exchange operators...
24 Jun 2011
U.S. antitrust regulators have given Intel Corp approval to pursue assets being sold by bankrupt telecommunications gear maker Nortel Networks Corp, the Federal Trade Commission said on Friday...
24 Jun 2011
The trustee seeking money for Bernard Madoff's victims is now demanding $19 billion in damages from JPMorgan Chase & Co...
24 Jun 2011
Baidu Inc, China's top search engine, is buying the country's leading travel website Qunar to strengthen its foothold in the competitive Internet sector...
24 Jun 2011
North American Financial Holdings Inc, a bank holding company which invests in distressed banks...
24 Jun 2011
Private equity firms could find it more expensive to fund leveraged buyouts as banks reassess the benefits of having a strong position in M&A and the high-yield bond market versus the risk of being left on the hook with bridge loans.
24 Jun 2011
The string of accounting problems and stock plunges at publicly traded Chinese groups has sparked deep concerns across the world's biggest audit firms, putting the so-called Big Four on...
24 Jun 2011
China Investment Corp , the country's $300 billion sovereign wealth fund, is tipped to buy a 5 percent stake in Sberbank, Russia's biggest lender...
24 Jun 2011
Russian group Global Ports priced its $534 million London flotation at the low end of the indicated range, making it the second company in two days to get a listing away in tough European markets...
24 Jun 2011
Apple Inc has filed a lawsuit in South Korea, claiming Samsung Electronics Co Ltd infringed upon several patents, in the companies' latest legal tussle over smartphone and tablet devices...
24 Jun 2011
The U.S. Securities and Exchange Commission wants a former analyst at credit rating agency Moody's Investors Service to cough up roughly $10 million for his alleged role in illegal insider trading...
24 Jun 2011
HSBC Holdings PLC will have to wait until the end of July to hear whether or not a U.S. judge allows the Madoff firm trustee to proceed with a $9 billion lawsuit accusing the bank of enabling the massive fraud...
24 Jun 2011
Hedge fund manager RAB Capital outlined on Friday its plans to delist, as it sought to close a troubled chapter of tumbling assets and defecting clients...
24 Jun 2011
In the fall of 2009, Deutsche Bank quietly fired one of its top derivative traders in London after a colleague in New York complained about finding "substantial trading anomalies" in a multibillion dollar portfolio of...
24 Jun 2011
The CEO of Softbank , Japan's third largest mobile operator, hugged Alibaba Group founder Jack Ma on stage during a shareholders' meeting in Tokyo on Friday, and said negotiations over the ownership of China's leading e-payment provider Alipay were going smoothly...
24 Jun 2011
Britain's new systemic risk watchdog will publish its first set of recommendations on Friday in the face of growing uncertainties over how Greece's debt crisis will evolve...
23 Jun 2011
NYSE Euronext and Deutsche Boerse AG agreed to pay roughly $900 million of dividends to settle U.S. shareholder lawsuits challenging their roughly $10 billion merger to create the world's largest exchange operator...
23 Jun 2011
A judge on Thursday tentatively confirmed Innkeepers USA Trust's plan to sell most of its hotel business to investor groups for $1.12 billion...
23 Jun 2011
Australia cleared a key hurdle in setting up a $38 billion high-speed broadband system after phone operator Telstra agreed to rent out its network for the nation's biggest infrastructure project in decades...
23 Jun 2011
Reliance Infrastructure, controlled by billionaire Anil Ambani, is in talks with investors and funds to sell stake in its roads, metro lines, and transmission businesses...
23 Jun 2011
Shares of Giordano International Ltd rose as much as 5.7 percent on Thursday after a media report cited a rumour that Madrid-listed Inditex SA is planning to make an offer for the Hong Kong-based clothing retailer...
23 Jun 2011
U.S. footwear retailer Genesco Inc made a bid for the teen and young adult markets in the UK and Ireland with its $162 million acquisition of Schuh Group Ltd...
23 Jun 2011
Federal bankruptcy court approved on Thursday a settlement between the Lehman Brothers brokerage and JPMorgan Chase & Co in which JPMorgan will...
23 Jun 2011
Aviva is to sell its RAC roadside rescue business to private equity firm The Carlyle Group for 1 billion pounds ($1.6 billion)...
23 Jun 2011
Shareholders of Philippine Bank of Communications (PBCom) have accepted a takeover bid from telecommunications firm ISM Communications Corp's , the bank, which has a market value of about 3.5 billion pesos ($81 million)...
22 Jun 2011
According to defense counsel Charles Schwartz of Skadden, Arps, Slate, Meagher & Flom, it's little surprise that a Texas state court judge has tossed a shareholders derivative suit...
22 Jun 2011
The London Stock Exchange sweetened its friendly bid for the operator of the Toronto Stock Exchange to $4.1 billion on Wednesday, topping a hostile offer from a Canadian consortium...
22 Jun 2011
Regions Financial Corp agreed to pay $210 million to settle allegations that its Morgan Keegan brokerage fraudulently marketed mutual funds and...
22 Jun 2011
Google will buy more companies to boost its presence in the booming online display ad sector in a challenge to Facebook, even as European regulators examine its dominant web search position...
22 Jun 2011
U.S. company Dentsply International secured a bigger bite of the global dental market by buying AstraZeneca's dental implants and...
22 Jun 2011
Apple Inc may face hurdles in stopping online retailer Amazon.com Inc from using Apple's App Store name through a trademark lawsuit...
22 Jun 2011
A hedge fund that helped craft a settlement at the heart of Washington Mutual Inc's reorganization plan now opposes the deal...
22 Jun 2011
U.S. regulators expanded their oversight of the roughly $2 trillion hedge fund industry as a split Securities and Exchange Commission voted to require private fund advisers to register with the agency...
22 Jun 2011
Danish wind turbine manufacturer Vestas Wind Systems has signed a 1.3 billion euros five-year revolving credit facility, saying it met strong demand.
22 Jun 2011
A further $36 million will be paid upon reaching certain earnings targets over a four-year period, Carter's said in a statement...
22 Jun 2011
Taiwan regulators rejected Kohlberg Kravis Roberts & Co's $1.6 billion joint management buyout of electronics component maker Yageo Corp , a decision that may cast a shadow over other private equity involvement in the island...
22 Jun 2011
More than 80 percent of venture capitalists believe the initial public offering market is at very weak levels, according to a new survey from Deloitte and the National Venture Capital Association...
22 Jun 2011
Demag Cranes recommended that its shareholders accept an offer by Terex after the U.S. construction machinery maker sweetened its bid...
22 Jun 2011
A $1.375 billion offer by Dish Network Corp for the assets of TerreStar Networks Inc won court approval as the minimum bid for the bankrupt satellite telecommunications company in an upcoming auction...
21 Jun 2011
China's global share of rare earth output will drop steeply in the next two years as other countries ramp up production to compensate for domestic curbs on mining the minerals...
21 Jun 2011
Consumer goods exporter Li & Fung Ltd said on Wednesday that margins in its trading division remain intact despite higher cost prices...
21 Jun 2011
As Thailand heads into an election, its stock market looks set to struggle as political instability compounds slowing economic growth, worsening inflation and share valuations that are...
21 Jun 2011
A long-running shareholder lawsuit against the board of Primedia Inc and majority owner KKR & Co was reinstated, a ruling that that could affect the proposed takeover of the publisher by TPG Capital...
21 Jun 2011
Two Manhattan federal judges have ordered Bank of America Corp to face lawsuits accusing the largest U.S. bank of misleading investors about mortgage-backed securities...
21 Jun 2011
JPMorgan Chase & Co said it agreed to pay $153.6 million to settle SEC charges that it misled investors about a mortgage securities transaction just as...
21 Jun 2011
Canada's Petrominerales Ltd said it will acquire a 5 percent stake in Colombia's Ocensa crude oil pipeline for $281 million, mitigating its transportation worries and...
21 Jun 2011
Mitsubishi Corp will form a joint venture with China's state-run food conglomerate Cofco Corp to raise livestock and process it into meat...
21 Jun 2011
The four main U.S. exchanges asked their regulator to delay, pending further clarification, new rules that would ban so-called "naked access" to markets...
21 Jun 2011
U.S. retirees of bankrupt Nortel Networks Inc can form an official committee to negotiate with the former telecommunications giant as it seeks to cut benefits...
21 Jun 2011
A Hong Kong court ruled on Tuesday that it does not have the jurisdiction to determine whether New York-based hedge fund Tiger Asia engaged in insider dealing…
21 Jun 2011
Chinese regulators are making bankers uneasy by systematically shaping the structure of the so-called CNH market through derivatives regulation and…
21 Jun 2011
China's biggest North American energy deal to date was called off, as Encana Corp and PetroChina failed to reach terms for a C$5.4 billion ($5.6 billion) joint venture to develop a Canadian shale gas play...
21 Jun 2011
Independent oil refiners Holly Corp and Frontier Oil Inc have reached an agreement to settle eight of the 12 lawsuits filed against their proposed $2.85 billion merger...
21 Jun 2011
French oil giant Total SA has closed on the purchase of a 60 percent stake in U.S. solar panel maker SunPower Corp for $1.4 billion...
21 Jun 2011
U.S. securities regulators are developing policy changes to address the recent rash of accounting scandals at U.S.-listed companies based in China and other countries...
21 Jun 2011
Some dealers are expected to suspend U.S. retail trading of over-the-counter precious metals on leverage due to a provision of the Dodd-Frank Wall Street reform law...
21 Jun 2011
A press release alleging that regulators had charged short-selling research firm Muddy Waters with fraud is a hoax...
21 Jun 2011
Swiss-based oil services group Weatherford International Ltd, which provided equipment used in the doomed Macondo well, agreed to pay BP Plc $75 million towards the cost of the Gulf of Mexico oil spill...
21 Jun 2011
Italian auto-parts maker Sogefi SpA bought French peer Mark IV Systemes Moteurs in a deal giving the French company an enterprise value of 150 millions euros ($215 million)...
20 Jun 2011
Australia's Foster's Group has rejected a A$9.5 billion cash takeover offer from global brewing giant SABMiller as too low, offering only a slim premium for Australia's largest brewer...
20 Jun 2011
Affiliates of TerreStar Networks Inc say they do not owe Sprint Nextel Corp reimbursement for costs related to...
20 Jun 2011
The U.S. Federal Trade Commission is investigating whether oil companies have engaged in anticompetitive practices or manipulated crude oil prices...
20 Jun 2011
The cost of complying with new securities rules is making it harder for small and mid-sized U.S. brokerages to stay profitable -- and may force more mergers in the sector...
20 Jun 2011
Carrefour handed the chairman's role to its chief executive at a stormy annual meeting, in an apparent attempt to soothe angry shareholders who question the board's ability to stand up to powerful investors...
20 Jun 2011
Investors are increasingly worried that troubles in the euro zone and China will hurt global economic growth this year, curbing gains in equity and commodity markets, a Barclays Capital survey showed on Monday...
20 Jun 2011
An $8.4 billion lawsuit brought last week against Blackstone LP by creditors of the bankrupt Extended Stay hotel chain ranks as one of the largest ever filed over a failed leveraged buyout...
20 Jun 2011
The U.S. credit union regulator filed lawsuits against JPMorgan Chase & Co's JPMorgan Securities and Royal Bank of Scotland Group Plc's RBS Securities, alleging misrepresentation of investment vehicles backed by mortgages...
20 Jun 2011
A federal appeals court handed a major defeat to Wall Street banks by ruling that an online news service did not misappropriate their stock research by...
20 Jun 2011
Independent power producer Atlantic Power Corp said it will buy Capital Power Income L.P. for C$1.10 billion ($1.12 billion) in a deal which will more than double its power generating capacity...
20 Jun 2011
The cabinet has approved a merger of ONGC's Russian assets with Bashneft and RussNeft in a deal that will give the state-run explorer a 25 percent stake in the combined entity and...
20 Jun 2011
Softbank founder Masayoshi Son said on Monday that he expected to reach an agreement over ownership of China's leading e-payment provider Alipay "soon"...
20 Jun 2011
Winifred Jiau, the first consultant for a so-called expert network firm to go to trial on insider trading charges…
20 Jun 2011
PNC Financial Services Group Inc said it plans to buy Royal Bank of Canada's U.S. retail bank operations for $3.45 billion in cash and stock, allowing PNC to expand in the U.S. Southeast...
20 Jun 2011
Bankrupt video store chain Blockbuster Inc has so little remaining value that its lawyers and advisers should not be paid their outstanding fees and expenses at this time...
20 Jun 2011
ICE Futures Europe Exchange said it had imposed a 25,000 pounds ($40,340) penalty on Goldman Sachs for what it called "disorderly trading" in oil contracts…
20 Jun 2011
ConocoPhillips and Occidental Petroleum Corp said they have received inquiries from the Securities and Exchange Commission related to the companies' operations in Libya...
20 Jun 2011
U.S.-based exchange operator BATS Global Markets said UK's Office of Fair Trading had referred its proposed acquisition of peer Chi-X Europe to the Competition Commission…
20 Jun 2011
Go east, young lawyer. Or west. Or anywhere there's legal work outside the United States borders...
20 Jun 2011
Russia's Global Ports has received enough orders for 75 percent of the shares it is offering in its up to $572 million London float just two days into the process...
20 Jun 2011
Chinese importers of equipment and raw materials used in the construction of third-generation nuclear power plants can apply for tax exemption…
20 Jun 2011
Standard Chartered Plc is planning to bid for a controlling stake in Indonesia's PT Bank Muamalat alone as StanChart's affiliate has dropped out of the race...
20 Jun 2011
The rash of accounting scandals at Chinese companies could spell defeat for investment banks in Hong Kong in their long-running battle to avoid being made liable for the prospectuses of IPOs they sponsor…
19 Jun 2011
Spanish oil company Repsol and Alliance Oil are setting up a Russian exploration venture worth around $800 million...
18 Jun 2011
Uncertainty on whether loan credit default swaps and loan total return swaps are legal under proposed implementations of the Dodd-Frank Act is creating a quandary for loan derivatives users…
18 Jun 2011
Mexican glassmaker Vitro has sold most of its subsidiary assets in the United States as the company tries to clear its books ahead of a prepackaged bankruptcy filing...
18 Jun 2011
Distressed debt and real estate investor Oaktree Capital Group filed with U.S. regulators to raise up to $100 million in an IPO...
17 Jun 2011
Innkeepers USA Trust's plan to sell its assets and exit bankruptcy met a raft of objections as creditors prepared to hash out the merits of the sale at a confirmation hearing next week...
17 Jun 2011
Microsoft has won U.S. antitrust approval to buy the Internet phone service Skype...
17 Jun 2011
British chipmaker CSR Plc will buy Zoran Corp for a reduced price of $484 million in a cash-and-stock deal that is worth nearly 30 percent less than it agreed to pay for the U.S. firm in February...
17 Jun 2011
A well-known proxy advisory firm recommended that shareholders of Canadian exchange operator TMX Group vote in favor of a $3.5 billion takeover proposal from LSE…
17 Jun 2011
Amdocs' acquisition of Canada's Bridgewater Systems for about $215 million (C$211 million) to beef up its phone-billing software business amid surging mobile data traffic may...
17 Jun 2011
Nasdaq OMX Group Inc confirmed it made a bid for a minority stake in Europe's LCH.Clearnet, according to media reports...
17 Jun 2011
A former bank executive who served as the go-between for Taylor, Bean & Whitaker Mortgage Corp, which collapsed from a $2.9 billion fraud scheme, was sentenced on Friday to eight years in federal prison...
17 Jun 2011
TerreStar Corp, the parent of mobile satellite network operator TerreStar Networks Inc, asked the court to extend by 95 days the period during which it has the exclusive right to file a reorganization plan...
17 Jun 2011
Reynolds, part of New Zealand billionaire Graeme Hart's Rank Group, won the race to acquire Graham Packaging Co Inc after it raised its offer to $1.68 billion and Silgan Holdings Inc failed to...
17 Jun 2011
A U.S. bankruptcy trustee appointed printing services firm RR Donnelley & Sons Co to the official committee of unsecured creditors in...
17 Jun 2011
U.S. regulators could file civil fraud charges against some credit-rating agencies for their role in developing mortgage-bond deals that helped bring about the financial crisis...
16 Jun 2011
Italian fashion house Prada SpA raised $2.1 billion (1.3 billion pounds) in a Hong Kong IPO on Friday, about a fifth lower than initially sought, as risk aversion weighed on the deal...
16 Jun 2011
Software widely used in China to help run weapons systems, utilities and chemical plants has bugs that hackers could exploit to damage public infrastructure, according to the U.S. Department of Homeland Security...
16 Jun 2011
Australian telecoms firm Telstra has yet to finalise a deal to hand over A$11 billion ($11.6 billion) worth of its infrastructure to the nation's national broadband project, the company said on Friday...
16 Jun 2011
Wells Fargo & Co, the fourth-biggest U.S. bank, said it will no longer make reverse mortgages because home prices are too unpredictable...
16 Jun 2011
Oracle Corp is seeking damages "in the billions of dollars" from Google Inc in a patent lawsuit over the smartphone market, according to a court filing...
16 Jun 2011
Capital One Financial Corp plans to buy ING Groep NV's U.S. online bank for $9 billion in cash and stock...
16 Jun 2011
Canada hopes it will be exempt from a new U.S. tax law that would force its banks to share information about their American clients in a bid to catch tax cheats...
16 Jun 2011
Britain's overhaul of financial regulation began to work its way into law, with ministers keen to put in place a framework robust enough to avoid a repeat of the credit crisis...
16 Jun 2011
Companies across the world will have to spell out more clearly to investors the costs of employee pensions under a new accounting standard published...
16 Jun 2011
Pipeline operator Energy Transfer Equity L.P. will buy smaller rival Southern Union Co for about $4.11 billion to create...
16 Jun 2011
DG FastChannel Inc is to acquire digital advertising company MediaMind Technologies Inc for about $418 million in an all-cash deal to...
16 Jun 2011
Proposals to ring-fence banks' retail businesses from their investment banking units will be negative for bondholders, Moody's said on Thursday, increasing the likelihood of ratings downgrades in the sector...
16 Jun 2011
Denmark's DONG Energy and ScottishPower Renewables will invest up to 1.6 billion pounds ($2.6 billion) to build a 389-megawatt wind park in the Irish Sea...
16 Jun 2011
Dubai is back in business, or at least on its way to repairing an image devastated by a debt crisis...
16 Jun 2011
The Saudi Algosaibi family, which has been locked in drawn-out legal battles over who should pay a debt pile estimated at $22 billion (13.5 billion pounds), is conceding it owes five international banks millions of dollars...
16 Jun 2011
Brazil's antitrust regulator Cade postponed on Wednesday its ruling on the merger that created food company Brasil Foods...
16 Jun 2011
Bahrain Telecommunications (Batelco) will manage the operations of Zain Saudi after its consortium buys a $950 million stake in its rival operator...
15 Jun 2011
The China units of HSBC Holdings and Citigroup Inc have won initial approval to underwrite corporate debt in China, paving the way for them to be the first foreign banks to win the coveted licences, sources told Reuters on Thursday...
15 Jun 2011
Japan's Toshiba Corp said that it and Hewlett Packard Co will tie up on cloud computing services to support public networks ranging from power, water and gas services to information technology systems...
15 Jun 2011
Woori Finance Holdings' up to $240 million takeover deal of Hanmi Financial has fallen through, dealing a potential blow to the South Korean firm's ambition to expand its U.S. business...
15 Jun 2011
The U.S. Securities and Exchange Commission became the latest regulator running behind schedule to delay a host of new regulations overseeing the swaps market...
15 Jun 2011
Lehman Brothers Holdings Inc has resolved a document production dispute with Goldman Sachs Group Inc in a fight over Goldman's role in alleged rumors that...
15 Jun 2011
An arbitration panel of the Financial Industry Regulatory Authority ruled in favour of former Merrill Lynch employee Angel Aquino and asked the...
15 Jun 2011
Bankrupt book store chain Borders Group Inc said it canceled an auction to select a liquidator to close...
15 Jun 2011
In a major victory for victims of Allen Stanford's alleged Ponzi scheme, U.S. regulators have concluded that...
15 Jun 2011
Talks with shareholders to reach a settlement of the Washington Mutual Inc bankruptcy have broken off...
15 Jun 2011
U.S. prosecutors filed on Wednesday an expected civil lawsuit against Deutsche Bank that formalizes the $553 million fine the German bank agreed to...
15 Jun 2011
Lehman Brothers Holdings Inc has resolved a document production dispute with Goldman Sachs Group Inc in an ongoing fight over whether Goldman had...
15 Jun 2011
Britain's top banks will have to protect their retail business from investment banking activities after the government backed a plan to overhaul the industry and shield taxpayers from future losses...
15 Jun 2011
Ronald Perelman is taking advantage of a temporary drop in share prices to take his M&F Worldwide Corp affiliate private, and the financier's proposed deal should be blocked, according to a shareholder's lawsuit...
15 Jun 2011
U.S. securities brokers would be more closely scrutinized by auditors and be subject to stricter oversight...
15 Jun 2011
Hong Kong's securities regulator suffered a setback on Wednesday in its attempts to ban New York-based hedge fund Tiger Asia...
15 Jun 2011
Blackstone Group LP was sued for allegedly siphoning $2.1 billion from Extended Stay America Inc when it sold the hotel chain in a leveraged buyout that preceded its bankruptcy, according to court documents...
15 Jun 2011
Terrestar Networks Inc said it has received a $1.375 billion cash bid from billionaire Charlie Ergen's Dish Network Corp...
15 Jun 2011
Italian luxury shoemaker Salvatore Ferragamo's initial public offering is fully covered, sources close to the matter said on Wednesday. The company was valued at up to 1.77 billion euros ($2.54 billion) in the IPO...
15 Jun 2011
Lloyds and Royal Bank of Scotland shares fell in early morning trade on Wednesday as sources said that British Finance Minister George Osborne would back ring-fencing banks' retail divisions...
15 Jun 2011
KKR's planned $1.6 billion buyout of Taiwan electronics components maker Yageo came under a cloud when the island's financial regulator expressed concern over minority shareholders' rights...
15 Jun 2011
Qatar Airways, the Gulf Arab state's flagship carrier, is considering an initial public offering (IPO) in 2011...
15 Jun 2011
Dubai, facing a budget deficit, is planning a benchmark sovereign dollar bond issue in the coming days after holding meetings with potential investors in London on Monday and Tuesday...
15 Jun 2011
Qatar Telecom will increase its stake in Tunisian mobile operator Tunisiana beyond the 75 percent it currently holds...
15 Jun 2011
Brazilian lawmakers could resolve one of the biggest barriers to corporate mergers as soon as Tuesday, as they are expected to pass a measure that could dramatically shorten the time needed to approve deals...
15 Jun 2011
Zurich Financial Services, Switzerland's biggest insurer, plans to open a reinsurance unit in Brazil, where almost $1 trillion worth of infrastructure projects are boosting demand for risk coverage...
14 Jun 2011
Lehman Brothers Holdings Inc is delaying its fight to block real estate developer SunCal from challenging $1.5 billion in claims Lehman asserted as a creditor in bankruptcy court against a number of Lehman/SunCal real estate projects...
14 Jun 2011
A C$3.7 billion ($3.8 billion) hostile takeover offer for TMX Group, operator of the Toronto Stock Exchange, by a consortium of Canadian financial institutions cleared a...
14 Jun 2011
CIBC World Markets has agreed to settle a two-year investigation by Canadian market regulators into a violation of an options-contracts rule, by paying $95,000 in fines and costs...
14 Jun 2011
A judge granted preliminary approval for Ambac Financial Group Inc, insurers and some banks to pay $33 million to investors to settle litigation accusing the...
14 Jun 2011
Maple Group said it had received exemptive relief from Canadian securities regulators with respect to its C$3.7 billion hostile offer to buy TMX...
14 Jun 2011
Large banks will have to meet the same minimum capital standards as their smaller counterparts under a final rule U.S. banking regulators approved...
14 Jun 2011
Self-employed trader Barnett Michael Alexander has been fined 700,000 pounds for manipulating share prices...
14 Jun 2011
Allstate Corp suffered a setback in its lawsuit against Bank of America Corp's Countrywide unit over toxic mortgage debt...
14 Jun 2011
Mobile network equipment maker Ericsson said it would spend $1.15 billion in cash to buy U.S. group Telcordia...
14 Jun 2011
U.S. securities regulators moved to stop two Chinese companies from selling their privately-held shares to investors...
14 Jun 2011
Fertiliser producer PhosAgro launched a London and Moscow initial public offering (IPO) on Tuesday, becoming the latest Russian firm to test a lukewarm market for new listings...
14 Jun 2011
South Korea vetoed a move by state-run KDB Financial Group to buy Woori Finance Holdings Co Ltd, responding to concerns about market dominance and threatening to...
14 Jun 2011
China's millions of rural workers will become a serious threat to stability unless they are better treated in their new urban homes...
14 Jun 2011
Due diligence has yet to start on a $950 million stake sale in telecoms operator Zain Saudi...
14 Jun 2011
Morocco-based contractor Stroc Industrie plans to raise 103 million dirhams ($13.1 million) by selling shares to the public this month amid dwindling regional share offerings in the aftermath of unrest in the Arab world...
13 Jun 2011
Japan's cabinet approved a scheme Tuesday to help Tokyo Electric Power Co compensate those affected by the radiation crisis at its stricken nuclear plant, a step forward in a slow-moving process that has frustrated not only the victims but also investors...
13 Jun 2011
Insurance Australia Group was on track to meet its 2011 margin guidance before Monday's earthquakes in New Zealand but its was too early to assess if the tremors would have any impact on results...
13 Jun 2011
The province of Manitoba will lead an advertising campaign to stop the federal government from stripping the Canadian Wheat Board of its monopoly on the Western Canadian grain trade...
13 Jun 2011
A former First Cash Financial Services Inc chief executive was charged with insider trading for buying shares of the payday lender after learning it would buy back some of its stock...
13 Jun 2011
Dubai's real estate watchdog canceled as many as 217 registered property projects over the past two years after the burst of the property and asset bubble, according to information in a prospectus for Dubai's planned bond issue...
13 Jun 2011
A consortium of Canadian banks and pension funds took its $3.8 billion takeover offer directly to TMX Group shareholders on Monday, saying it was the best way to stop the country's capital markets from falling into foreign hands...
13 Jun 2011
Three former securities traders were convicted on all counts of fraud and conspiracy to commit insider trading on pending mergers...
13 Jun 2011
Janus Capital Group Inc and a subsidiary cannot be held liable in a lawsuit by shareholders over allegedly false statements in prospectuses…
13 Jun 2011
Combining Canada's stock exchanges with alternative trading system Alpha Group and the country's major clearing hub would benefit Canadian capital markets…
13 Jun 2011
Bonndholders of Lehman Brothers Holdings Inc have postponed a hearing on a controversial proposal to force the failed investment bank's creditors to share details about their claims...
13 Jun 2011
Diversified U.S. manufacturer Honeywell International Inc is buying EMS Technologies Inc for about $491 million cash...
13 Jun 2011
VF Corp, owner of clothing brands such as The North Face and Wrangler jeans, said it would buy shoemaker Timberland Co for...
13 Jun 2011
Perkins & Marie Callender's Inc, owner of Perkins restaurants and Marie Callender's frozen food line, filed for bankruptcy in a Delaware court...
13 Jun 2011
Horizon Acquisition is to buy U.S.-based temporary power provider APR Energy for $855 million in a deal that could put pressure on global market leader Aggreko...
13 Jun 2011
Dubai, facing a budget deficit, is planning a benchmark sovereign dollar bond issue in the coming days after holding meetings with potential investors in London on Monday and Tuesday...
13 Jun 2011
Hong Kong's highest court ruled on Wednesday that an African country, Democratic Republic of Congo, could not be sued in the city's courts, saying it is bound…
12 Jun 2011
Allied World Assurance Co Holdings agreed to buy Transatlantic Holdings for $3.2 billion in stock...
12 Jun 2011
If India is to become a manufacturing powerhouse it will need to make things easier for people like Nikhil Nanda, joint managing director of Escorts Ltd , a Delhi-based tractor maker...
12 Jun 2011
South Korea's Hanwha Chemical said on Monday it had won a license deal worth $720 million for its biosimilar product with Merck Sharp & Dohme Research Ltd, a subsidiary of U.S. drug firm Merck & Co...
12 Jun 2011
Four more financial institutions have joined Maple Group Acquisition Corp's plan to mount a hostile bid for the TMX Group and top a friendly offer from the London Stock Exchange Group, the consortium of Canadian banks and pension funds said on Sunday...
12 Jun 2011
Commodities trader Glencore is considering making a 12 billion pound ($19.5 billion) takeover bid for ENRC, the Kazakh miner hit by a bitter boardroom battle...
12 Jun 2011
Brasil Foods is willing to sell factories accounting for 15 percent of its production as it negotiates with anti-trust regulators who could reject the merger that created the company...
12 Jun 2011
Italian fashion house Prada Spa has proved to be a tough customer for underwriters of its up to $2.6 billion IPO, having capped the overall commission at 1.9 percent of the total offer which makes it among the lowest fees paid in recent Hong Kong IPOs...
12 Jun 2011
Horizon Acquisition, a vehicle of Pizza Express and Punch Taverns co-founder Hugh Osmond, is close to buying U.S. temporary power generation services firm APR Energy for around $850 million...
12 Jun 2011
Private equity firm Carlyle Group is close to buying a 25 percent stake in Indonesian consumer firm GarudaFood for about $200 million...
12 Jun 2011
Mohammed Algosaibi often turns the palms of his hands up as he talks, as if asking for understanding...
11 Jun 2011
The International Swaps and Derivatives Association ruled that a restructuring credit event had occurred at Allied Irish Banks after it amended the terms of its junior paper…
10 Jun 2011
Mexican brewer Grupo Modelo will seek support from major shareholder Anheuser-Busch InBev for a takeover bid for Australia's Foster's Group Ltd...
10 Jun 2011
Ness Technologies Inc , an information technology service provider, said it agreed to be acquired by Citigroup's venture capital arm for about $307 million in cash...
10 Jun 2011
The changing landscape of German nuclear politics will provide opportunities for service and maintenance companies, whether plants are kept or scrapped...
10 Jun 2011
Mattress Firm Holding Corp filed with U.S. regulators to raise up to $115 million in an initial public offering of its common shares...
10 Jun 2011
Online retailer CafePress Inc filed with U.S. regulators to raise up to $80 million in an initial public offering of its common stock...
10 Jun 2011
The head of TMX Group Inc said a hostile bid could come "any day now," as a consortium of banks and pension funds prepares to take their approximately $3.7 billion offer...
10 Jun 2011
Whatever your favorite looming natural disaster metaphor-spreading wildfire, gathering stormclouds, mounting tsunamis-it applies to the burgeoning securities litigation against China-based companies trading on U.S. exchanges...
10 Jun 2011
Huaneng Renewables Corp, the wind power unit of China's top power group, tumbled more than 11 percent in its trading debut on Friday, after raising $800 million in its revived initial public offering that had been pulled last year due to weak investor sentiment...
10 Jun 2011
The U.S. SEC warned investors about the risk of fraud, accounting problems and other abuses at companies that obtain stock listings through so-called reverse mergers...
10 Jun 2011
Two former senior Taylor, Bean & Whitaker Mortgage Corp executives were sentenced on Friday to several years in prison for their roles in a multi-billion dollar fraud that...
10 Jun 2011
Japanese companies from eye shadow makers to insurers are stepping up the pace of their overseas expansion as the devastating March 11 earthquake provides another spur to escape their moribund domestic economy...
10 Jun 2011
Ally Financial, an auto and mortgage lender majority owned by the U.S. government, is delaying a $6 billion IPO due to bad market conditions...
10 Jun 2011
Microsoft Corp suffered a defeat on Thursday when the Supreme Court upheld a record $290 million jury verdict against the software giant for infringing a small Canadian company's patent...
10 Jun 2011
The Federal Reserve plans to expand the number of banks it will subject to annual tests used to determine if stock dividends can...
10 Jun 2011
California-based eBay Inc and other companies should expect to fight their legal battles in Delaware if they decide to organize under the state's popular corporate law…
10 Jun 2011
Five subsidiaries of wireless internet operator Xanadoo Co filed for bankruptcy in a Delaware court...
10 Jun 2011
Siemens said it had discovered evidence of corruption at its business in Kuwait and had involved authorities...
10 Jun 2011
Samsonite International SA , the world's biggest luggage maker, raised $1.25 billion after pricing its Hong Kong initial public offering at the bottom of a revised price range as weak global markets sapped investor demand...
9 Jun 2011
Irving Picard is aiming for a triple-word score in the Bernard Madoff case...
9 Jun 2011
The head of the Commodity Futures Trading Commission sought again to soothe an anxious market, saying he expected the agency to unveil next week its plan to deal with...
9 Jun 2011
A group of 78 French victims of Bernard Madoff's giant Ponzi scheme must await the outcome of legal proceedings in Luxembourg...
9 Jun 2011
The U.S. Securities and Exchange Commission is on the verge of releasing an investor bulletin outlining the risks involved with reverse mergers...
9 Jun 2011
China's Migao Corp said it would buy back up to 5 percent of its stock to help reassure investors suspicious about a contract that the Canadian-listed fertilizer company said...
9 Jun 2011
Bankia, Spain's largest savings bank, began marketing its up to 4 billion euro ($5.8 billion) listing on Thursday...
9 Jun 2011
Italy's insurance regulator ISVAP sees incoming capital rules for the sector, so-called Solvency II...
9 Jun 2011
The U.S. Securities and Exchange Commission is examining whether Goldman Sachs Group Inc and some other financial companies violated bribery laws in...
9 Jun 2011
Asian refineries are confident Saudi Arabia will ensure no shortage of oil supply to meet rapidly rising demand this year despite OPEC's failure to agree an output increase this week...
9 Jun 2011
Government bonds of advanced economies faced with fiscal woes, such as Japan and the United States, are losing their appeal to investors...
9 Jun 2011
China's efforts to tighten monetary policy were "fully appropriate", although its property market still has a propensity for bubbles, the International Monetary Fund said on Thursday...
9 Jun 2011
Tax authorities have been stepping up pressure on the offshore banking industry, with the United States promising a summer crackdown and Britain pursuing...
9 Jun 2011
Spain-based international financial group BBVA said on Thursday it had received licence from SEBI to invest in the country's bond market...
9 Jun 2011
A member of Brazil's antitrust regulator Cade voted on Wednesday against the merger that created food processor Brasil Foods, triggering a sell-off of the company's shares that prompted the agency to suspend a vote on the ruling...
9 Jun 2011
Exxon Mobil Corp said it bought privately held natural gas company Phillips Resources and related company TWP Inc for $1.69 billion last week, picking up about 317,000 acres for exploration in the Marcellus shale basin...
9 Jun 2011
Diageo, the world's largest spirits group, is close to a settlement with the U.S. SEC to end a long-running bribery investigation...
9 Jun 2011
Investors who have suffered a drubbing from accounting scandals at U.S.-listed Chinese companies are starting to sue the auditors who blessed their financial statements...
9 Jun 2011
Creditors of Lehman Brothers Holdings Inc, including units of Bank of America Corp and Barclays PLC, are blasting attempts by Lehman bondholders to force them to...
8 Jun 2011
The Bond Dealers of America is seeking to help U.S. dealers handle the tightening regulation of the $2.9 trillion municipal bond market by...
8 Jun 2011
A federal judge will consider racketeering claims in a massive lawsuit against Italian bank UniCredit seeking money for Bernard Madoff's victims...
8 Jun 2011
It was a takeover attempt that fizzed out. Two advertising executives who used Facebook and Twitter to find investors for their proposed $300 million takeover bid for Pabst Brewing Co...
8 Jun 2011
Securities and Exchange Commission Chairman Mary Schapiro said this week she will "seriously consider" issuing additional guidance outlining when public companies should...
8 Jun 2011
Transatlantic sniping by top policymakers could make it harder to agree new rules to crack down on derivatives…
8 Jun 2011
Citigroup has agreed to sell a portfolio of private equity assets to Axa Private Equity for $1.7 billion, the French insurer said on Wednesday, the latest move by the U.S. bank to unload non-core assets...
8 Jun 2011
Islamic trade finance has benefitted from shifting preferences towards Sharia-compliant banking and could serve as one of the key growth drivers to...
8 Jun 2011
Qatar Telecom (Qtel) will close its Virgin Mobile Services following an order from the country's regulator, a decision which marks a victory for its rival operator Vodafone Qatar...
8 Jun 2011
The Kuwait Investment Authority (KIA) would consider buying a stake in Royal Bank of Scotland but no offer has yet been made...
8 Jun 2011
A former employee of a so-called expert network firm pleaded guilty to charges of conspiring with others to leak corporate secrets to hedge funds in exchange for money...
8 Jun 2011
A spate of accounting scandals involving U.S.-listed Chinese companies has hit New York exchanges as calls for China to punish those responsible go unheeded...
7 Jun 2011
BYD Company Limited , the Chinese automaker backed by U.S. billionaire Warren Buffett, has received formal approval for an A-share listing on the Shenzhen market, the company said late on Tuesday...
7 Jun 2011
Slot-machine maker Bally Technologies Inc, confident of strong growth across Asia and Australia, aims to secure 20 percent of total slot machine orders for Sands China Ltd...
7 Jun 2011
U.S. private equity firms TPG Capital and Carlyle Group are in talks to buy a stake in the tower unit of Indian telecom company Reliance Communications , Bloomberg reported, citing people with knowledge of the matter...
7 Jun 2011
The race to meet Asia's rising liquefied natural gas (LNG) demand is hotting up as North American and Russian producers compete with Qatar and Australia for a share of the lucrative market...
7 Jun 2011
New European Union rules to crack down on derivatives must not stifle choice on where to clear transactions…
7 Jun 2011
Tuscany has launched proceedings to cancel derivative contracts with international banks, in one of a series of derivatives disputes involving Italy's local authorities...
7 Jun 2011
Deutsche Boerse AG and NYSE Euronext unveiled a special dividend as a way of encouraging shareholders to approve a $10.2 billion deal...
7 Jun 2011
Carlyle Group plans to take HCR ManorCare public soon in an offering that could raise roughly $500 million...
7 Jun 2011
A junior bondholder in Allied Irish banks told Ireland's High Court on Tuesday that attempts to impose losses on its holdings were not enforceable because they violate a key European Union directive...
7 Jun 2011
U.S. regulators are delaying by about two months the roll-out of a new proposal that would require financial institutions that package loans and sell them as securities to...
7 Jun 2011
Derivatives traders in the United States will find out soon how a missed deadline for new rules will be handled...
7 Jun 2011
HSBC said it agreed to pay $62.5 million to settle a class action brought against it in the United States over its role in providing administrative services to a fund which placed cash with...
7 Jun 2011
LyondellBasell Industries NV said its Equistar Chemicals unit had agreed to buy about 200 miles of pipeline near Houston from BP Plc...
7 Jun 2011
French oil firm Total is selling its 6.4 percent stake in the Gassled gas pipeline network off Norway for nearly $900 million to a European investment fund...
7 Jun 2011
Temple-Inland Inc adopted a "poison pill" stockholder rights plan to fend off a hostile takeover, a day after rival International Paper Co launched an unsolicited $3.3 billion bid for the packaging company...
7 Jun 2011
France's Saint-Gobain plans to brave tough conditions in the European market for initial public offerings and list its glass packaging unit in order to focus on home and construction products...
7 Jun 2011
French chemicals company Arkema won an appeal on Tuesday against a 219.1 million euro EU antitrust fine after Europe's second-highest court said regulators' decision to impose a hefty penalty was excessive...
7 Jun 2011
Struggling entertainment retailer HMV secured its immediate future with a 220 million pounds refinancing deal that will effectively involve the taxpayer taking a stake in the group...
7 Jun 2011
Catalog and internet retailer Signature Styles LLC -- owner of Spiegel, Newport News and Shape Fx -- filed for bankruptcy in a Delaware court late...
7 Jun 2011
General Electric Co and Capital One Financial Corp have submitted bids for ING's U.S. online banking operations in a deal worth about $9 billion...
7 Jun 2011
A Goldman Sachs Group Inc shareholder sued Rajat Gupta, a former director of the investment bank, over trades revealed in civil and criminal insider trading cases against Gupta and convicted Galleon hedge fund founder Raj Rajaratnam...
6 Jun 2011
The United Arab Emirates is close to issuing a final draft of proposals to regulate the country's nascent…
6 Jun 2011
Halliburton Co suffered a setback when the U.S. Supreme Court made it easier for shareholders to proceed with some class-action securities-fraud lawsuits against publicly traded companies...
6 Jun 2011
A former portfolio manager at billionaire Steven Cohen's hedge fund said he engaged in insider trading "a number of times"…
6 Jun 2011
Norwegian energy giant Statoil agreed to sell a 24.1 percent stake in a European natural gas transport venture to a group including German insurer Allianz and the Abu Dhabi Investment Authority...
6 Jun 2011
Bankrate Inc, a publisher of various web content on personal finance, has filed with the U.S. Securities and Exchange Commission for an IPO...
6 Jun 2011
EBay Inc saidit is buying Magento Inc, the creator of an open source e-commerce platform, as part of the online marketplace company's push to...
6 Jun 2011
U.S. consumer goods group Colgate-Palmolive secured EU approval on Monday for its $940 million (574 million pounds) buy of shower gel and deodorant brand Sanex from Unilever...
6 Jun 2011
The frothy market for Internet IPOs is raising the specter of a bubble, underscoring how little has changed…
6 Jun 2011
Germany's financial regulator took a swipe at European Union rule makers over the way they ignored Basel III…
6 Jun 2011
U.S. regulators want companies to quantify potential losses from lawsuits. The Securities and Exchange Commission revealed…
6 Jun 2011
Russia's Altimo has agreed to sell a 6 percent stake in mobile phone operator Vimpelcom…
6 Jun 2011
Greece on Monday agreed to sell a 10 percent stake in Hellenic Telecom to Germany's Deutsche Telekom…
6 Jun 2011
Daimler and Rolls-Royce have secured a 60 percent stake in engine maker Tognum with a sweetened takeover bid, expanding their presence in higher margin industrial diesel engines...
6 Jun 2011
Vanguard Health Systems, controlled by private equity fund Blackstone Group, said it expects to raise up to $575 million…
6 Jun 2011
Canadian toy maker Mega Brands Inc said it has extended a multi-year agreement with Microsoft Game Studios…
6 Jun 2011
Only the best French biotech companies will be able to raise cash from private placements or bourse listings…
6 Jun 2011
With Europe's market for new stock market listings in the doldrums, bankers and investors seem agreed…
6 Jun 2011
The main trade group for the U.S. securities industry plans to formally ask the Securities and Exchange Commission to delay implementing most derivatives provisions in...
6 Jun 2011
Moncler dropped plans for a stock market listing for now after investment company Eurazeo agreed to buy 45 percent of the French luxury clothing firm for 418 million euros ($612.1 million)...
6 Jun 2011
Russia's Global Ports said it was seeking more than $100 million from an initial public offering (IPO) of its shares in London, joining a host of Russian private issuers raising funds from capital markets...
3 Jun 2011
The Federal Deposit Insurance Corp has created a committee to advise the agency…
3 Jun 2011
A group of creditors including a unit of Deutsche Bank AG and retirees sued former shareholders of Tribune Co , the bankrupt owner of the Chicago Tribune and Los Angeles Times...
3 Jun 2011
The Treasury it reached an agreement to sell its remaining 6 percent equity stake in Chrysler to Italy's Fiat in a deal that will net Washington $560 million...
3 Jun 2011
Betfred has won an auction to buy the country's state-owned betting group, the Tote, for 265 million pounds...
3 Jun 2011
Chinese authorities have tightened capital requirements for banks by instructing them to put aside more provisions for some loans...
3 Jun 2011
Global miner Rio Tinto would study the possibility of switching iron ore price settlements to Chinese yuan, but has no current plans to do it...
3 Jun 2011
Nissan Motor Co and its partner Renault are planning to invest as much as $2 billion in Russia by 2015, Japan's Nikkei business daily reported on Friday, citing the Russian government...
3 Jun 2011
Italian luxury goods maker Prada is due on Friday to set the price range for its $2 billion initial public offering in Hong Kong...
2 Jun 2011
Online radio company Pandora Media Inc filed terms for $109.5 million IPO, as it moves ahead with...
2 Jun 2011
A federal inquiry into insider trading at the U.S. Food and Drug Administration is being widened to look at other government employees...
2 Jun 2011
AT&T Inc will buy Convergys Corp's interests in two wireless operations in the Cincinnati, Ohio area for about $320 million in cash...
2 Jun 2011
Online coupon company Groupon Inc filed for an initial public offering, the latest in a series of...
2 Jun 2011
Calpine Corp reached a $110 million agreement to settle the last significant claim from its 2005 bankruptcy...
2 Jun 2011
The world's top brokers fear a takeover of European clearer LCH.Clearnet by an exchange will hurt competition...
2 Jun 2011
The Canada Pension Plan Investment Board (CPPIB) has bought a 50 percent stake in a shopping mall near Melbourne for A$455 million ($482 million), property agent Jones Lang LaSalle said, pointing to continuing firm demand for Australian retail assets...
2 Jun 2011
Three academics say there was a bubble in LinkedIn Corp's shares during the first four days of its trading, which they have determined definitively using a model they designed...
2 Jun 2011
Goldman Sachs Group received a subpoena from New York prosecutors seeking information on the investment bank's role leading into the global financial crisis...
2 Jun 2011
Jones Group Inc said it had acquired upscale British shoe retailer Kurt Geiger from private equity firm Graphite Capital...
2 Jun 2011
rogress Energy Resources Corp said it will sell half of its working interest in the North Montney joint venture to Malaysia's state oil firm Petronas for C$1.07 billion to...
2 Jun 2011
Junior bondholders in Allied Irish Banks will take the Irish government to court on Thursday over its plans to slash the value of their investments in a test case of Ireland's tough stance on burden-sharing...
2 Jun 2011
SAC Capital Advisors LP faces an insider trading probe from the U.S. Securities and Exchange Commission related to the $15 billion takeover of biotechnology firm MedImmune Inc...
2 Jun 2011
Lehman Brothers Holdings Inc, in response to $22 billion in derivatives claims from about 30 financial institutions after its 2008 collapse, estimates that the figure would be only about $10 billion...
2 Jun 2011
Gazprom will deliver up to 2.5 million tonnes of liquefied natural gas (LNG) a year to India under a deal signed with Petronet LNG on Wednesday that could be worth more than $32 billion...
2 Jun 2011
Premier Oil is considering buying BP's 68 percent stake in the Wytch Farm oil field in south west England but has yet to make a decision on the deal...
2 Jun 2011
Marathon Oil Corp Chief Executive Clarence Cazalot's second attempt to spin off his refining business has attracted some top hedge funds eager for a two-fer of their own...
2 Jun 2011
Hong Kong's high court it will rule within two weeks whether the market regulator is allowed to ban New York-based hedge fund Tiger Asia from trading...
2 Jun 2011
Emirates launched a five year $1 billion bond in an upsized offering on Wednesday at the lower end of its initial price guidance...
2 Jun 2011
Citi, the third-largest U.S. bank by assets, closed the Quantitative Strategies fund after it named fund manager Shakil Ahmed as the head of electronic market-making in April, the news agency said...
2 Jun 2011
The Canada Pension Plan Investment Board has bought a 50 percent stake in a shopping mall near Melbourne for A$455 million...
1 Jun 2011
Samsung Electronics Co Ltd has filed a complaint with the U.S. International Trade Commission against Taiwan's AU Optronics Corp...
1 Jun 2011
Global banking regulators softened new regulations designed to cut risk in derivatives trading to make the rules less onerous for banks or companies with low credit ratings...
1 Jun 2011
Emirates airline, which is expected to price a dollar-denominated bond on Wednesday, is aiming to raise about $750 million from the sale...
1 Jun 2011
Yahoo Inc has resolved a dispute with partner Alibaba Group over the Chinese company's transfer of its prized online payments unit to its CEO Jack Ma, two sources close to the matter said...
1 Jun 2011
Coal miner Massey Energy Co's shareholders have approved a $7 billion buyout by rival Alpha Natural Resources Inc...
1 Jun 2011
Marathon Oil Corp will buy oil and gas properties in Texas' Eagle Ford shale field $3.5 billion from private equity firm KKR and Hilcorp Resources Holdings LP...
1 Jun 2011
A senior China Mobile Ltd executive was detained by the country's graft buster in March amid an industry-wide anti-corruption investigation...
1 Jun 2011
Microsoft Corp has told chipmakers who want to use the next version of Windows for tablet computers, to work with only one manufacturer speed up the delivery...
1 Jun 2011
Factory growth slowed in major Asian countries, surveys released on Wednesday showed, feeding concerns that the world's strongest economic engines are cooling down as the United States and Europe curtail orders...
1 Jun 2011
Chinese computer maker Lenovo Group Ltd's has agreed to buy German electronics retailer Medion AG for around $900 million, boosting its market share in Europe...
1 Jun 2011
China's top banks and its economy will likely benefit from a plan by Beijing to write off hundreds of billions of dollars in local government debt, though uncertainty over sharing the costs and concerns about the impact of the country's lending spree remain...
1 Jun 2011
Coca-Cola Co, the world's largest soft-drink company, said on Wednesday it may explore a possible listing in Shanghai, joining other global firms in testing the waters for a China listing...
1 Jun 2011
Brazilian steelmaker Gerdau could begin selling iron ore that it will not need for its steel production, a move that may include an initial public offering of a separate unit...
1 Jun 2011
Kuwait's National Real Estate Co (NREC) is looking to sell conventional or Islamic bonds to reschedule debt...
1 Jun 2011
Casino raised the stakes in an international battle over Brazil's shopping industry on Tuesday by taking legal action to stop talks between its Brazilian partner Diniz and French rival Carrefour...
1 Jun 2011
International Airlines Group (IAG) formed by the merger of British Airways and Iberia, said it sees few consolidation opportunities in Europe but will study the sale of Air Portugal (TAP)...
1 Jun 2011
Corridor Resources Inc. said Apache Canada has exited the joint venture formed to develop the Frederick Brook shale in the Canadian province of New Brunswick, as the gas project failed to show promise...