NEWS
May 2013
21 May 2013
The Pyrrhic victory Tuesday for Jamie Dimon is a defeat for governance. Just over two-thirds of JPMorgan shareholders voted to keep him as both chairman...
21 May 2013
Jamie Dimon, JPMorgan Chase & Co's outspoken chairman and chief executive, won a vote of confidence on Tuesday as shareholders decided to let him keep his chairman...
21 May 2013
Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping reorganization of the world's top chipmaker and created a unit aiming to retake the top...
21 May 2013
LPL Financial LLC must pay a total of $9 million for significant email system failures and making misstatements to the Financial Industry Regulatory Authority, Wall Street's watchdog...
21 May 2013
U.S. private equity firm Kohlberg Kravis Roberts & Co (KKR) is selling a remaining stake in Australia's Seven West Media Ltd valued at A$265 million...
21 May 2013
EU regulators confirmed on Tuesday they will cap bonuses of bankers earning more than 500,000 euros a year and added other conditions to make the pay ceiling harder to smash...
21 May 2013
Glencore Xstrata's head of aluminum, Gary Fegel, is set to leave the company, three sources said, the first high-profile departure since commodity trading giant...
21 May 2013
Marlboro maker Philip Morris International Inc said it will buy out billionaire Carlos Slim's Grupo Carso from their Mexican joint venture for about $700 million...
21 May 2013
Laredo Petroleum Holdings Inc said it would sell its assets in the Anadarko Basin in Western Oklahoma and Texas to affiliates of EnerVest Ltd for $438 million to raise...
21 May 2013
Tobacco company Philip Morris International Inc said it would buy out its Mexican joint venture partner controlled by billionaire Carlos Slim, for about $700 million...
21 May 2013
An activist investor in Alere Inc wants the health diagnostics and services company to explore a sale of its drug testing business, which it believes could fetch...
21 May 2013
B456 Systems Inc, the lithium-ion battery maker which received a $249 million U.S. government grant, won court approval for its bankruptcy plan on Monday...
21 May 2013
India is set to join the small but growing club of nations whose governments issue inflation-indexed debt. But evidence from the United States suggests that offering these securities in small quantities - as India currently intends to - can become an expensive fiscal hobby...
21 May 2013
Greece's 10-year bond yield fell below those on longer-dated paper on Tuesday for the first time in three years as investors price out the risk of Athens defaulting...
21 May 2013
As final ballots come in on a proposal to strip JPMorgan Chase & Co Chairman and Chief Executive Jamie Dimon of his chairman title, some worry about what will happen...
21 May 2013
G4S, the world's largest security group, is replacing its chief executive after a series of failures including a staffing fiasco at the 2012 London Olympics culminated in a recent profit warning...
21 May 2013
Seven West Media Ltd, owner of Australia's top-rated free-to-air television network, said on Tuesday that its major shareholder private equity firm KKR & Co...
21 May 2013
In 1961, the six-year-old Steve Jobs probably didn't notice U.S. President John Kennedy's criticism of American companies' use of foreign tax shelters. Corporate taxation had slid down the public agenda by the time the founder of Apple was achieving success...
21 May 2013
Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments after the U.S. Senate said the company paid little or nothing on billions of dollars in profits stashed in Irish subsidiaries...
21 May 2013
Gazprom is squeezing Athens for better terms to buy DEPA, Greece's sole retail gas distributor, a Greek official said, as the Russian gas export monopoly leverages its strength position as the only major player in the running...
21 May 2013
Chinese state-controlled insurer PICC Property and Casualty Co Ltd (PICC P&C) is raising 5.76 billion yuan ($938 million) to bolster capital, expecting strong growth and amid signs that profitability of Chinese insurers are coming under pressure...
21 May 2013
The U.S. Justice Department on Monday asked a federal judge to deny Standard & Poor's motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and not mere "puffery"...
21 May 2013
Sprint Nextel Corp said its Japanese suitor SoftBank Corp granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network Corp, as pressure mounts on SoftBank to sweeten its offer for the No. 3 U.S. wireless carrier...
21 May 2013
As final ballots come in on a proposal to strip JPMorgan Chase & Co Chairman and Chief Executive Jamie Dimon of his chairman title, some worry about what will happen if shareholders win what will likely be a close vote...
21 May 2013
Amazon.com Inc has been given a security clearance by the U.S. government that will make it easier for federal agencies to use its cloud computing services...
20 May 2013
Australia-listed copper miner Discovery Metals Ltd has opened its books to spurned private equity suitor Cathay Fortune Corp and others in an effort to attract a new takeover offer, potentially valuing it at A$195 million ($190 million), it said on Tuesday...
20 May 2013
Freeport-McMoRan Copper & Gold Inc and Plains Exploration have offered to pay two special dividends to win approval of the miner's bid for the energy company...
20 May 2013
Elan announced its second major drug deal inside a week on Monday and said it would buy back more shares as it continues to bat against a $5.7 billion takeover bid from U.S. investor Royalty Pharma...
20 May 2013
Generic drugmaker Actavis Inc, which has been the subject of takeover speculation, plans to buy specialty pharmaceutical company Warner Chilcott Plc for $5 billion in stock...
20 May 2013
Two of the nation's biggest online food delivery businesses said they are merging in a deal that they hope will drive more orders, in more cities, through their platforms...
20 May 2013
Yahoo Inc said it is acquiring blogging service Tumblr for $1.1 billion cash, a bold bet by Chief Executive Marissa Mayer to revitalize the struggling...
20 May 2013
Britain's Royal Mail said annual profit had more than doubled on the back of an online shopping boom, providing a timely boost ahead of a stock market listing expected later this year...
20 May 2013
Pactera Technology International Ltd said on Monday that Blackstone Group LP <BX.N>, together with the company's management, made a $680.3 million non-binding proposal to take China's largest technology outsourcing firm private...
20 May 2013
It's looking like another busy week for high-yield as issuers rush in ahead of the long Memorial Day weekend to take advantage of the current window for issuance...
20 May 2013
Standard Chartered has agreed to buy the Indian wealth management unit of Morgan Stanley, helping the British bank expand its private banking business in Asia's third-largest economy...
20 May 2013
In a case involving whistleblowers at Fidelity Investments, the U.S. Supreme Court on Monday agreed to consider whether mutual fund employees are subject to the same whistleblower protections as workers at publicly traded companies...
20 May 2013
Websense Inc said it had agreed to be taken private by Vista Equity Partners in a deal that values the online security firm at about $907 million, a move that should come as a relief to investors after years of weak sales from its legacy business...
20 May 2013
Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was "superior" to founder Michael Dell's...
20 May 2013
Financial trading in world markets has grown so lightning-fast that effective regulation is growing tougher by the second, increasing the threat of crashes sparked by hoaxes, electronic glitches or yet-unknown causes...
20 May 2013
Goldman Sachs launched on Monday the sale of about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China, offering to sell its entire remaining stake in the world's biggest bank by market value...
20 May 2013
Irish drugmaker Elan will stage a return to the bond market this week with a USD800m high-yield offering that will fund share purchases, capital expenditure and acquisitions...
20 May 2013
Danone has struck a dairy deal in China – but too late to get the cream. The French group will invest $417 million for a minority stake in China Mengniu, the country's biggest milk producer...
20 May 2013
The European leveraged loan market has suffered from diminishing deal flow as financings opt to go to the US or high-yield bond markets, calling into question the significance and relevance of European syndicate desks and their ability to withstand the loss of business...
20 May 2013
Luxury magnate Bernard Arnault started acquiring a 14 percent stake in Hermes almost 10 years before he revealed it in 2010. That - and the complex methods used by Arnault to skirt around French disclosure rules...
20 May 2013
Bus and rail operator FirstGroup said it hoped to raise 615 million pounds ($934 million) through a rights issue to cut its 2 billion pounds debt as full-year profit collapsed...
20 May 2013
Irish drug firm Elan agreed on Monday to buy two private drug firms, spin-off its one experimental drug and buy back more shares to give a firmer idea...
20 May 2013
Danone Group has agreed to invest 325 million euros ($417 million) in two deals with China Mengniu Dairy Co Ltd, marking a comeback for the French group in China where scandals have hurt confidence in food safety...
17 May 2013
An activist hedge fund has urged Swedish oil and gas company Petrogrand AB to drop exploration activities in Russia, explore strategic alternatives and replace...
17 May 2013
Strong debuts in the initial public offerings of two business software companies on Friday underscored a pattern in the market: While consumer companies...
17 May 2013
Tesla Motors has upsized its debt and equity offerings, as the electric car maker capitalizes on surging investor demand to raise more than $1 billion in cash...
17 May 2013
Transocean Ltd said shareholders voted out Chairman Michael Talbert at the annual meeting on Friday and backed a nominee of activist investor Carl Icahn...
17 May 2013
U.S. generic drugmaker Actavis, the subject of intense takeover speculation, may have found its best defense: a potential purchase of Warner Chilcott Plc...
17 May 2013
Widening the European Union bonus cap to include almost all the region's bankers could end up throttling a recovery. A new proposal from the European Banking Authority...
17 May 2013
Morgans Hotel Group Co said it rejected two takeover bids from a large international hotel company in the past six months because the offer price was "not sufficiently attractive"...
17 May 2013
A drop in European takeovers has depressed global merger and acquisitions (M&A) activity so far this year, but bankers see activity picking up as a rally...
17 May 2013
UK pension funds are dipping a toe into the specialist market for high yielding but risky bank loans in an effort to offset poor returns in their traditional investment portfolios...
17 May 2013
EU antitrust regulators have given some of Google's rivals more time to study its proposals to settle anti-competitive complaints, which could provide more leverage...
17 May 2013
Morrisons, a web laggard, needed to do something to catch up with rivals. But clicking with Ocado comes at a steep price. True, by opting for a joint venture...
17 May 2013
Minority shareholders of Clearwire Corp are expected to vote down a buyout offer from Sprint Nextel Corp next week and force the No.3 U.S. wireless company...
17 May 2013
British supermarket chain Morrison is investing more than 200 million pounds ($306 million) in a 25-year deal with online grocer Ocado, seeking to...
17 May 2013
FRAItaly needs to change its covered bond law so that the country's banks can provide cheaper funding to the small and medium-sized enterprises (SMEs) that are the backbone of the economy, bankers said...
17 May 2013
The International Islamic Liquidity Management Corp (IILM), which plans to issue its maiden sukuk by June this year, is facing its final hurdle as it aims to secure a network of distributors...
17 May 2013
ID Logistics wants to make acquisitions as early as this year to reach new clients at home and abroad and maintain its double-digit sales growth, its head said...
17 May 2013
Caterpillar Inc has reached a deal to cut $135 million from the price owed for a Chinese mining equipment maker, after accounting irregularities were discovered at the acquired company that forced Caterpillar to take a $580 million impairment charge...
16 May 2013
U.S.-insurer New York Life is in exclusive negotiations with Yuanta Financial to sell its Taiwan assets, two sources with close knowledge of the deal told Reuters on Friday, joining other global rivals in exiting the Taiwan market...
16 May 2013
Philippine lender Asia United Bank Corp jumped as much as 9.5 percent on its market debut on Friday after an oversubscribed public offer, the first listing since...
16 May 2013
Florida's statute of limitations can apply not only to court proceedings, but to securities arbitration cases between investors and their brokers, the Florida Supreme Court ruled Thursday...
16 May 2013
Charles Schwab Corp has temporarily reversed its requirement that clients waive their right to bring class-action lawsuits, adding a new twist in a battle closely watched by...
16 May 2013
Big banks won key concessions in the battle over who dominates the $630 trillion derivatives markets as the top U.S. regulator adopted watered-down rules...
16 May 2013
Carlos Slim's America Movil subsidiaries in Brazil announced on Thursday a new combined broadband service, increasing their operational integration ahead of...
16 May 2013
Tesla Motors on Thursday increased the size of its convertible bond and tightened price talk, according to two market sources close to the situation...
16 May 2013
T. Rowe Price Group Inc Chief Investment Officer Brian Rogers backed keeping JPMorgan Chase & Co's Jamie Dimon in his dual roles of chairman...
16 May 2013
Hess Corp will put three directors backed by hedge fund Elliott Management onto its board, settling a months-long feud over the oil company's governance and long-term strategy...
16 May 2013
JP Morgan has appointed Hernan Cristerna and Chris Ventresca to the newly created roles of co-heads of global mergers and acquisitions (M&A)...
16 May 2013
A significant minority of investors at Insurer Prudential voted against Chief Executive Tidjane Thiam's 2012 pay deal on Thursday, delivering a rebuke to leadership...
16 May 2013
China has authorised four small regional lenders to sell the country's first subordinated bonds that are compliant with new banking rules, testing the waters before weightier capital issuance from the biggest state-owned banks...
16 May 2013
Telus Corp, one of Canada's biggest wireless telephone companies, on Thursday said it will pay C$380 million ($370 million) to acquire Mobilicity, a recent entrant to the industry that helped force prices down but failed to draw many customers...
16 May 2013
Computer Sciences Corp agreed to pay $97.5 million to settle a lawsuit accusing it of defrauding shareholders by hiding a variety of accounting problems...
16 May 2013
Russian diamond miner Alrosa plans a share sale that could value the business at up to $15 billion and raise hundreds of millions of roubles for its local and national government owners...
16 May 2013
The top U.S. derivatives regulator is set to vote on new rules for swap trading platforms on Thursday that could break open Wall Street's dominant position in the $630 trillion derivatives market...
16 May 2013
Google Inc faced angry questions on Thursday from British lawmakers investigating its tax affairs and whether it had misled parliament in testimony last year...
16 May 2013
The Financial Industry Regulatory Authority's public disclosure database, BrokerCheck, is a tool to help investors research the background of brokers. Nonetheless, it can also be a headache for brokers whose records are not squeaky clean...
16 May 2013
Shares in Spain's Liberbank rose sharply after the stock began trading in Madrid on Thursday, in the first bank flotation in nearly two years as the country's lenders try to put a European rescue behind them...
16 May 2013
Austria's Kommunalkredit [KAFINK.UL] could still be sold and does not need to be wound down, the country's market watchdog said on Thursday after Vienna missed an EU privatisation deadline for the lender...
16 May 2013
Company balance sheets could swell by trillions of dollars under an international plan being pursued by two accounting bodies to show more clearly the cost of leasing everything from photocopiers to property...
16 May 2013
Thomas Cook unveiled a 1.6 billion pound ($2.4 billion) refinancing plan on Thursday designed to cut debt and enable it to resume paying dividends in the latest stage of a turnaround at the world's oldest travel firm...
16 May 2013
London-based firm Cobalt has developed a sharia-compliant insurance platform that uses a syndication model to help spread risk across a panel of underwriters, a novel format that could boost capacity in the sector...
16 May 2013
Emirates NBD (ENBD), Dubai's biggest lender, plans to tap global debt markets for its first capital-boosting bond issue, as Gulf banks take advantage of tight pricing...
16 May 2013
IPO markets in Asia Pacific had their best week in two years after Chinese refiner Sinopec Group's engineering unit and a Macquarie Group Ltd-linked trust raised a combined $2.9 billion on Thursday...
15 May 2013
The engineering unit of China's Sinopec Group, Asia's largest refiner, raised $1.8 billion in Hong Kong's biggest initial public offering in almost six months, IFR reported on Thursday, citing a source familiar with the deal...
15 May 2013
A private Chinese fund management company plans to break new ground by establishing a privately managed offshore yuan fund as a vehicle for investment in Southeast Asia, taking advantage of Beijing's moves to promote use of its currency overseas...
15 May 2013
The top U.S. derivatives regulator unveiled rules for swaps trading that could break open Wall Street's dominance of the $630 trillion market, yet contain important concessions to the industry...
15 May 2013
The U.S. Commodity Futures Trading Commission on Wednesday unveiled final rules for swap trading platforms that would allow phone-brokered deals...
15 May 2013
DDR Corp owner of shopping centers where big-box retailers are located, said on Wednesday it had agreed to buy from Blackstone Group LP the portion of...
15 May 2013
Bigger really is better in generic drug firm mergers. Pharmaceutical company Actavis recently spurned interest from rivals Valeant...
15 May 2013
U.S. Securities and Exchange Commission Chair Mary Jo White has chosen a Boston-based lawyer to direct the agency's Corporation Finance division...
15 May 2013
A husband and wife executive team at a China-based company agreed to settle civil charges on Wednesday alleging they overstated revenue and used...
15 May 2013
Apptio, a start-up that helps big companies like Boeing Co track billions of dollars in technology spending, said on Wednesday that it raised...
15 May 2013
Financial regulators have given themselves until September to try to resolve differences over how to supervise derivatives markets in the wake of the financial crisis...
15 May 2013
China-based solar panel maker Suntech Power Holdings Co Ltd, whose main unit is in insolvency proceedings, said it reached an agreement with...
15 May 2013
German auto parts and tyre maker Continental said it was kept in the dark about the decision of debt-laden top investor Schaeffler...
15 May 2013
Over the past decade, Nuance Communications has been on a frenetic shopping spree. The $6 billion firm now encompasses businesses ranging...
15 May 2013
A private Chinese fund management company plans to break new ground by establishing a privately managed offshore yuan fund as a vehicle for investment...
15 May 2013
The chief executive of Societe Generale's Russian unit was detained on Wednesday on suspicion of taking bribes, dealing a blow to one of the few foreign banks that has dared to challenge Russia's dominant state banks...
15 May 2013
General Lighting Co, a Saudi Arabian company part-owned by Carlyle Group, plans to sell its shares on the Saudi stock market, paving the way for the private equity firm to exit its stake, two sources said...
15 May 2013
Chemical maker Ashland Inc raised its quarterly dividend by more than 50 percent and nearly doubled its share buyback program, a month after hedge fund...
15 May 2013
Chinese automotive manufacturer Tri-Ring Group Corp will buy Polish bearings maker FLT Krasnik for some 300 million zlotys ($93 million) in the largest investment...
15 May 2013
Shareholders of South Africa's Cipla Medpro overwhelmingly approved a $488 million takeover offer from India's Cipla Ltd on Wednesday, giving the Indian drugmaker...
15 May 2013
Warner Music won EU regulatory approval on Wednesday to buy the Parlophone Label Group from Vivendi's Universal Music Group for 487 million pounds ($743.01 million)...
15 May 2013
The Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, has hired a senior Deutsche Bank AG executive to head its division that handles global infrastructure investments...
15 May 2013
The London Stock Exchange said on Wednesday it was focussing on its own business rather than taking part in a global shake-up of exchange owners...
15 May 2013
German tourism group TUI AG's new chief is cutting costs, restructuring loss-making resorts and cruise operations, and will boost cooperation with unit TUI Travel in a shake-up aimed at resuming dividend payments in 2014/15...
15 May 2013
Greece has added some detail to a long-overdue plan for energy market liberalisation, saying it would sell about a third of the production capacity of power utility PPC to a private competitor in about two years...
15 May 2013
Severn Trent rejected a preliminary takeover offer from a consortium including Borealis infrastructure and the Kuwait Investment Office, saying the offer undervalued the British water company...
15 May 2013
British industrial group Lonrho Plc said it received a 174.5 million pound ($266.2 million) buyout offer at a premium of 97.1 percent from a company controlled by Swiss billionaire Thomas Schmidheiny and investor Rainer-Marc Frey...
15 May 2013
State-owned China Galaxy Securities Co Ltd raised $1.1 billion in Hong Kong's biggest IPO in six months, pricing the offer at the low end of its marketing range as it looks for a first day pop on its debut next week...
15 May 2013
The Kuala Lumpur-based Islamic Financial Services Board (IFSB) plans to issue a guidance note for Islamic banks on the adoption of liquidity standards, warning lenders lack high-quality assets to meet new regulatory requirements under Basel III...
14 May 2013
The parent of Dongfeng Motor Group Co, China's second-largest automaker, will take an over-40 percent stake in Fujian Motor Industry Group...
14 May 2013
Australia approved on Wednesday miner Rio Tinto's $1 billion-plus South of Embley bauxite mine and port project in Queensland after a year's delay due to concerns about ships harming the Great Barrier Reef...
14 May 2013
State-owned China Galaxy Securities Co Ltd priced its initial public offering at the lower end of the indicative price range, raising $1.1 billion...
14 May 2013
Canada's Competition Bureau has not raised any concerns about Agrium Inc's proposed purchase of 232 farm supply stores from Glencore Xstrata PLC, even though its review has taken months longer than expected, a senior Agrium official said...
14 May 2013
Itaú Unibanco Holding SA will take over Citigroup Inc's Brazilian consumer finance units for 2.77 billion reais ($1.37 billion), as the nation's biggest bank...
14 May 2013
A handful of Asian and small domestic issuers came to the primary US dollar high-grade market on Tuesday, with valuations looking stretched and investors...
14 May 2013
Ally Financial Inc on Tuesday agreed to an important deal with creditors of its bankrupt Residential Capital LLC subsidiary that will allow the lender finally to separate...
14 May 2013
Mid-sized U.S. commodities brokerage INTL FCStone Inc said on Tuesday it plans to buy online commodities exchange Cleartrade Exchange in its first major push...
14 May 2013
The collapse of the bid by private equity firm CVC Capital Partners to take Betfair private highlights how it has become increasingly difficult to pull off such deals...
14 May 2013
Dish Network Corp said on Tuesday it has answered all the questions posed by a special committee of Sprint Nextel Corp's board of directors, as Dish awaits...
14 May 2013
Switzerland said suspicious asset flows through its financial system in 2012 were close to the record reported a year earlier, with suspected criminal activity replacing a fall off in Arab Spring related transactions...
14 May 2013
New bosses at two of the world's largest mining companies, BHP Billiton and Rio Tinto, wooed investors on Tuesday with promises to slash billions of dollars of spending and press ahead with asset sales, boosting returns...
14 May 2013
Solvay has no plans for further restructuring once its current programmes are completed and is looking at possible acquisitions in the United States, its chief executive said on Tuesday...
14 May 2013
U.S. taxpayers are footing the bill for overseas lobbying that promotes controversial biotech crops developed by U.S.-based Monsanto Co and other seed makers, a report issued on Tuesday said...
14 May 2013
Five companies have submitted applications for virtual telecom licences in Saudi Arabia including Virgin Mobile Middle East & Africa (VMMEA)...
14 May 2013
A study commissioned by a global banking lobby group has found that banks pose a greater systemic risk than their commodity trading house competitors do and the report has not been made public, its author said...
14 May 2013
Oil trading houses are poised to gain more control of Europe's fuel supply as its refiners close, and the shutdowns could have a significant impact on prices and energy security, the West's energy agency said on Tuesday...
14 May 2013
The activist investor engaged in a proxy battle with Hess Corp has proposed a new board for the oil producer that would include all nominees put forward by both sides ahead of a vote on Thursday...
14 May 2013
Dan Loeb is taking Japan's economic renaissance at face value: the hedge fund manager wants Sony to spin off its entertainment arm. Though activists rarely prevail...
14 May 2013
Government proposals to ensure British pub tenants are treated fairly by pub owners are based on flawed and misleading evidence and could lead to more pub closures, Enterprise Inns Plc said on Tuesday...
14 May 2013
Japanese display maker Sharp Corp, a supplier to Apple Inc, will aim to boost sales to the iPhone maker's rival Samsung Electronics Co under a three-year...
14 May 2013
The French Competition Authority fined drugmaker Sanofi 40.6 million euros ($52.7 million) on Tuesday for "disparaging" generic competition to its Plavix blood thinner...
14 May 2013
Austria edged closer to ending bank secrecy for foreigners on Tuesday, bringing it into line with the rest of the EU, saying it would not block talks between the European Union and countries such as Switzerland over sharing bank information...
14 May 2013
The European Commission gave approval on Tuesday for the restructuring of Spain's Banco CEISS and said the lender's takeover by larger peer Unicaja would ensure its long-term viability...
14 May 2013
Singapore, the world's fourth-biggest offshore financial centre, said on Tuesday it will adopt new measures to make it easier to share information on potential tax evaders with other countries, including the United States...
14 May 2013
The Kingdom of Spain is gearing up for one of its heaviest days of debt issuance of the year with a 10-year syndicated bond and a T-bill sale...
14 May 2013
Belgian mobile phone operator Mobistar said on Wednesday it would stop offering fixed-line services to private customers until the regulator forces competitors to open their networks...
14 May 2013
A New York-based hedge fund with a reputation as an activist investor has proposed that Sony Corp spin off its entertainment division via an IPO, saying the move could boost the Japanese electronics firm's shares by as much as 60 percent...
14 May 2013
Property developer British Land is looking to sell its 255 million pound ($391 million) portfolio of retail properties in mainland Europe after the assets lost almost a fifth of their value on the back of the economic crisis in Spain and Portugal...
14 May 2013
British water company Severn Trent confirmed it had received a takeover approach from a consortium including Borealis Infrastructure and the Kuwait Investment Office...
14 May 2013
Commerzbank is offering shares at a deep discount in a 2.5 billion euro ($3.3 billion) capital increase aimed at repaying funds it owes to the German government and insurer Allianz...
14 May 2013
The International Airlines Group said on Tuesday it would issue up to 400 million euros ($519.3 million) of convertible bonds to help fund the purchase of low-cost carrier Vueling and boost IAG's working capital...
14 May 2013
Betfair and CVC Capital Partners have ended takeover discussions after the private equity firm said it would not make a third revised offer for the online gambling company...
14 May 2013
From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy...
14 May 2013
RAK Petroleum, which owns 42.8 percent of Norwegian oil firm DNO International, said it would transfer all its assets to a newly created company as part of a restructuring plan, and seek an international bourse listing for the new firm's parent...
14 May 2013
Matthew Winkler, editor-in-chief of Bloomberg News, apologized on Monday for allowing journalists "limited" access to sensitive data about how clients used Bloomberg terminals, saying it was "inexcusable", but that important customer data had always been protected...
14 May 2013
Chinese controlled-New Zealand dairy company Synlait Milk Ltd is planning a public share offer to fund an expansion in China's booming infant formula market, tapping into global demand for food-related investments in Asia...
13 May 2013
Seen from orbit, Galaxy Securities' $5.7 billion initial public offering looks compelling. The Chinese group has a leading position in a fast growing market. Earnings should grow rapidly for the next couple of years. After that, however, investors expecting continued outperformance may come back to earth with a bump...
13 May 2013
An Airgas Inc distribution center in Putnam Country, West Virginia, has been closed after two people were injured in an explosion and fire at the facility, the company said on Monday...
13 May 2013
A bankruptcy court on Monday approved Central European Distribution Corp's bankruptcy exit plan, putting Russian billionaire Roustam Tariko on the verge of adding one of the world's largest vodka producers to his stable of companies...
13 May 2013
Barclays Plc, the first bank to settle with authorities over alleged manipulation of the Libor interest rate, on Monday won the dismissal of a...
13 May 2013
Amazon.com Inc said on Monday it had acquired Liquavista NV from Samsung Electronics Co to help the world's largest Internet retailer develop new displays for mobile devices...
13 May 2013
Activist investor Guy Wyser-Pratte said he is seeking board seats at French phone directories company PagesJaunes to force its biggest shareholder...
13 May 2013
Mosaic Co, the second-largest fertilizer producer in North America, will delay plans to expand potash production in Western Canada due to unfavorable market conditions, a company executive said...
13 May 2013
CBOE Holdings Inc won a long-running legal battle to prevent rival International Securities Exchange from listing options on two key U.S. stock-market indexes, after the U.S. Supreme Court on Monday declined to consider their dispute...
13 May 2013
Energias de Portugal (EDP) is using securitisation techniques to fill the deficit incurred during the production and distribution of electricity utility services...
13 May 2013
Unruly, one of London's hottest tech companies, has made its first acquisition, buying Germany's Shareifyoulike to gain the leading position in viral video marketing in the country...
13 May 2013
Private equity firm Bain Capital has agreed to buy German clutch systems maker FTE automotive from PAI Partners, the companies said on Monday...
13 May 2013
Recent efforts by the U.S. Securities and Exchange Commission to boost the level and the quality of local governments' disclosures, including those that resulted in fraud charges against Harrisburg, Pennsylvania, will subsequently improve the whole industry, Moody's Investors Service said on Monday...
13 May 2013
The world's two biggest fashion retailers Inditex and H&M have backed an accord aimed at preventing a repeat of last month's collapse of a Bangladesh factory building that killed more than 1,100 people...
13 May 2013
An activist hedge fund's nominees to the Hess Corp board of directors said they were waiving their right to receive a special pay package from the fund if the oil and gas company outperforms its peers under their watch...
13 May 2013
President Francois Hollande will decide by the end of July whether France should impose new taxes on technology giants like Apple and Google to finance cultural projects, a move that could feed into an anti-business image days after a spat with Yahoo!...
13 May 2013
A minority partner of Via Varejo, Brazil's largest home appliance retailer, plans to sell as much as 2 billion reais ($988 million) worth of its stake in a public offering, newspaper Valor Economico reported on Monday...
13 May 2013
A consortium comprising China's CITIC Capital and Singapore state investor Temasek Holdings has agreed to buy Asiainfo-Linkage Inc for about $900 million...
13 May 2013
Building products maker Ply Gem Holdings Inc said it expects to price the shares in its initial public offering at between $18 and $20 each, valuing the company at up to $1.3 billion.
13 May 2013
Five of China's overseas-backed securities joint ventures lost money in 2012, according to data released over the weekend, underlining the challenge...
13 May 2013
Swiss engineering group ABB Ltd has announced a second senior executive departure in less than a week, saying its chief technology officer (CTO) was quitting just three days after revealing its chief executive was to leave...
13 May 2013
Danish online investment banking firm Saxo Bank has ruled out a stock market listing in the short term, despite a resurgence of financial initial public offerings (IPOs) in 2013...
13 May 2013
Sponsors of European companies are opting to tap the US leveraged loan market to raise financing, lured by the greater liquidity, covenant-lite structures and...
13 May 2013
Private-equity backed life insurer Partnership Assurance Group said it plans to go public in London next month, taking advantage of a recovery in listings to sell at least a quarter of its shares...
13 May 2013
There is no immediate need for the Czech central bank to intervene against the crown currency to ease monetary conditions further, bank board member Kamil Janacek said on Monday...
13 May 2013
Dutch brewer Heineken said on Monday it had signed a joint venture agreement to brew and sell its beers in Myanmar, part of a deeper push into faster-growing Asian markets...
13 May 2013
Malaysian long-haul budget carrier AirAsia X said it is looking to raise $300 million in an IPO, throwing its hat into an expanding fundraising ring as Southeast Asian airlines seek to build up their fleets and ride a boom in regional passenger traffic...
13 May 2013
Elan stepped up its bid to keep its independence on Monday by agreeing a $1 billion deal to buy 21 percent of the royalties that U.S. company Theravance receives from GlaxoSmithKline for its respiratory drugs...
13 May 2013
Lloyds Banking Group Plc said its chairman Win Bischoff would retire in the next year having overseen the rebuilding of Britain's biggest retail bank following a 2008 government rescue...
13 May 2013
Prime Minister Shinzo Abe's policies have beaten back the Japanese economy's post-Lehman blues. Breakingviews' Abenomics Index was at its highest level in March since September 2008. And that was before the Bank of Japan launched its bold money-printing pledge...
13 May 2013
When U.S. tax agents started singling out non-profit groups for extra scrutiny in 2010, they looked at first only for key words such as 'Tea Party,' but later they focused on criticisms by groups of "how the country is being run," according to investigative findings reviewed by Reuters on Sunday...
12 May 2013
The resumption of initial public offerings in China, expected this month or next, will likely be delayed until July in part due to concerns over the strength of the economy, the official China Securities Journal reported on Monday...
12 May 2013
The Indian government's cyber watchdog is investigating how security at two companies that are part of the country's vast IT services industry was breached in a global ATM heist that saw $45 million stolen from two banks in the Middle East...
10 May 2013
SoftBank Corp is playing it rough in its attempt to keep Dish Network Corp from breaking up its $20.1 billion deal to take control of Sprint Nextel Corp...
10 May 2013
Activist investor Carl Icahn and Southeastern Asset Management Inc, two of Dell Inc's biggest shareholders, have proposed an alternative to a buyout deal led by founder Michael Dell...
10 May 2013
Two ranking JPMorgan Chase & Co directors issued a letter to shareholders on Friday arguing against recommendations by proxy advisory firms to split the duties...
10 May 2013
Hewlett-Packard Co must defend against a lawsuit accusing former management at the world's largest personal computer maker of defrauding shareholders by abandoning...
10 May 2013
Warburg Pincus LLC has secured $11.2 billion for its latest fund, one of the largest private equity funds raised since the global financial crisis...
10 May 2013
Premium jeans maker True Religion Apparel Inc said it would be acquired by investment management firm TowerBrook Capital Partners LP in a deal worth about $835 million...
10 May 2013
The head of the Co-operative Bank stepped down on Friday, after agency Moody's downgraded its debt ratings and said the bank might have to ask the government for money to bolster its capital...
10 May 2013
China has started an investigation into the dumping of seamless steel tubes and pipes in domestic markets by firms from the United States, Europe and Japan after receiving a complaint from a Chinese company...
10 May 2013
By taking a big bite out of the American stock market, Apple is inadvertently seeding the appetite for equity. While the iPad maker's recently...
10 May 2013
Norwegian fish farmer Cermaq said on Friday its shareholders would not get a fair share of gains from a potential takeover by Marine Harvest which it estimated at around 3 billion crowns ($521 million)...
10 May 2013
Oil producer Hess Corp, under pressure from an activist investor, said it plans to appoint a former General Electric Co executive as chairman next week...
10 May 2013
The European Commission (EC) is considering reopening a three–year-old case to examine whether funds granted by the Wallonia region of Belgium to steel company Duferco were illegal state subsidies, a commission source said...
10 May 2013
A record-breaking coupon on a EUR1.75bn Hutchison Whampoa hybrid bond this week is expected to lure other Asian corporates into the market as they seek to get the cheapest funding possible for these subordinated instruments...
10 May 2013
Clearwire Corp shareholders should vote in favor of a proposed acquisition by Sprint Nextel Corp, given a lack of better options to keep the company afloat...
10 May 2013
Alibaba Group, China's largest e-commerce firm, will take a 28 percent stake in digital mapping company AutoNavi Holdings Ltd, part of Alibaba's move...
10 May 2013
Crown Ltd, the Australian casino company controlled by billionaire James Packer, has won regulatory approval to increase its 10 percent stake in rival Echo Entertainment Group, the operator of Sydney's sole casino...
10 May 2013
Britain's principled approach to banks' holdings of sovereign debt could have a perverse outcome. The watchdog has taken the sensible step of demanding that lenders expect big losses if government bonds default. That helps fix one of the biggest flaws in measuring bank capital...
10 May 2013
Slovenia's largest banks NLB and NKBM, which are both state-controlled, plan capital hikes worth a combined 767 million euros ($1 billion), the banks said on Friday...
10 May 2013
Oil-rich Kazakhstan will return to global bond markets this year with an issue of up to $1 billion and has invited banks to apply to manage the deal, Finance Minister Bolat Zhamishev said on Friday...
10 May 2013
U.S. private equity firm TPG Capital raised about $300 million by selling its roughly 10 percent stake in Indian commercial vehicle financier Shriram Transport Finance Co Ltd to India's Piramal Group, generating a near seven times return on a 2006 investment...
10 May 2013
China Mobile Ltd, the world's biggest mobile operator by subscribers, said its unlisted parent is beefing up its internal supervision after a government audit office highlighted problems in accounting practices and internal management...
10 May 2013
China's bond market regulator closed off a loophole on Friday that allowed banks that sell high-yielding wealth management products (WMPs) to evade regulatory requirements by moving money between the WMP accounts they manage and their own proprietary accounts, bond traders at four Chinese banks told Reuters...
10 May 2013
Alibaba Group, China's largest e-commerce firm, is set to take a 20 to 30 percent stake in Chinese digital mapping and navigation firm AutoNavi Holdings Ltd, local media reported, as it aims to boost its competitveness by beefing up its product lineup...
10 May 2013
ABB Chief Executive Joe Hogan is leaving the company for what it said were private reasons. His departure date has not yet been decided...
10 May 2013
U.S. private equity firm Carlyle Group has submitted a bid for Anglo-Australian miner Rio Tinto's 80 percent stake in the Northparkes copper mine in Australia, news agency Dow Jones said on Friday, citing a person familiar with the bid...
9 May 2013
Investment firm Ares Management will acquire AREA Property Partners, gaining the New York-based real estate investor's $6 billion in assets, the Wall Street Journal reported, citing people briefed on the matter...
9 May 2013
China Resources Power Holdings Co Ltd said on Friday it would buy wind farms in 10 provinces in China from its controlling shareholder, sate-owned conglomerate China Resources (Holdings) Co Ltd, for HK$4.3 billion ($553 million)...
9 May 2013
The Democratic Republic of Congo lost at least $1.36 billion in potential revenues between 2010 and 2012 due to cut-price sales of mining assets to offshore companies, according to a panel led by former U.N. secretary general Kofi Annan...
9 May 2013
Sontag Advisory, which oversees $3.6 billion of investments for wealthy families and individuals, has reversed its policy of accepting payments from Charles Schwab Corp...
9 May 2013
Oil and gas producer Apache Corp said it plans to sell assets worth $4 billion, doubling its divestiture program for the year, to reduce debt and buy back shares...
9 May 2013
U.S. prosecutors are seeking record prison terms, including one approaching 20 years, for three former UBS AG bankers who were convicted of conspiring to deceive U.S. cities and towns by scheming to rig bids to invest municipal bond proceeds...
9 May 2013
The Obama administration said on Thursday it is making $150 million available to community health centers to enroll uninsured Americans in healthcare coverage under President Barack Obama's reform law...
9 May 2013
Royal Bank of Scotland's chief executive Stephen Hester has moved two of his key lieutenants into new roles as he prepares for a sale of shares in its U.S. arm Citizens Financial Group...
9 May 2013
As three men who once made a living in the U.S. securities industry discovered last month, it's not easy to successfully reverse disciplinary sanctions...
9 May 2013
Philip Falcone's fall from hedge fund stardom deepened on Thursday when a public company he controls disclosed that the billionaire investor...
9 May 2013
Investors in British insurer Aviva have backed the firm's new management team one year after a vote against executive pay plans that led to the departure of its chief executive...
9 May 2013
Canadian Tire Corp, best-known for its namesake automotive and homeware stores, said it plans to create a C$3.5 billion ($3.5 billion) real estate investment trust...
9 May 2013
Morgan Stanley and Deutsche Bank have quit as brokers to embattled miner ENRC, a highly unusual step that adds to the woes of a company facing allegations of fraud around its African and Kazakh operations...
9 May 2013
Encouraged by Portugal's first 10-year bond issue since 2011, the country's second-largest listed bank, BES, hopes to return to the corporate debt market on a regular basis and is looking at a range of potential bond issues.
9 May 2013
Brazil aims to raise $500 million with the reopening on Thursday of a dollar-denominated global bond due in 2023, a source with direct knowledge of the transaction told Reuters, taking advantage of rising appetite for emerging-market debt...
9 May 2013
The Dubai Group investment firm said on Thursday it expected a $10-billion restructuring of its debt within weeks, sealing the Gulf emirate's recovery from...
9 May 2013
Philippine conglomerate San Miguel Corp is reviving a plan to list its power generation unit this year, which may raise as much as $700 million, its president said on Thursday...
9 May 2013
The European Commission has asked EU member states to consider removing tariffs on energy intensive industry, in an action plan drawn up for the steel industry, EU sources said...
9 May 2013
Banks tend to make poor investments for private equity, but TPG's latest deal confirms Asia is the exception. The buyout firm has just sold part of its stake in Indonesia's BTPN at a valuation for many times its original outlay...
9 May 2013
British Prime Minister David Cameron took on critics in his own Conservative party on Thursday, saying it would be wrong for Britain to leave the European Union...
9 May 2013
Japanese telecoms group SoftBank Corp expects more than $3 billion in annual cost savings by 2017 if it succeeds in its battle with Dish Network Corp to buy Sprint Nextel, a securities filing showed...
9 May 2013
Italian oil and gas group Eni placed an 11.69 percent stake in gas transport group Snam on Thursday in a move that could net the oil major up to 1.49 billion euros ($1.96 billion)...
9 May 2013
Sumitomo Mitsui Financial Group's deal to buy a $1.5 billion stake in Indonesia's BTPN at high valuations marks the beginning of an aggressive push by cash-rich Japanese lenders into retail banking in other Asian markets...
9 May 2013
The $12 billion foreign investors have poured into Indian equities this year is not a gift: it's a bet that Finance Minister Palaniappan Chidambaram will keep his promise to lift the country's GDP growth from its 10-year low. But the government can't deliver without lawmakers doing their part...
9 May 2013
Facebook Inc is in advanced talks to acquire Israeli mobile satellite navigation start-up Waze for $800 million to $1 billion, business daily Calcalist reported on Thursday...
9 May 2013
U.S. House Republicans are expected to pass a bill on Thursday that would require the Obama administration to prioritize government debt payments and retirement benefits if Congress fails to reach a deal to raise the U.S. debt ceiling...
9 May 2013
Manulife Financial Corp and Metlife Inc are among companies that have made bids for a controlling stake in the life insurance unit of Malaysian lender, AMMB Holdings Bhd, the third insurance deal in the country over the past year...
9 May 2013
Mexico on Wednesday presented wide-ranging financial reforms to jump-start lending in Latin America's No. 2 economy, making it easier for banks to collect on guarantees for bad loans and beefing up regulator powers over delinquent companies...
8 May 2013
China's central bank auctioned 10 billion yuan ($1.63 billion) of three-month bills in its open market operations on Thursday at a yield of 2.9089 percent, traders said...
8 May 2013
Drug researcher Quintiles Transnational Holdings raised a more-than planned $947 million in its IPO, the latest listing from a private equity-backed company as record highs for U.S. stocks encourage more exits from investments...
8 May 2013
BAE Systems Chairman Dick Olver, who presided over a failed attempt to merge with European defence and aerospace peer EADS...
8 May 2013
BC Partners' $1.3 billion acquisition of animal identification company Allflex will be backed with an$810 million debt financing, banking sources said on Wednesday...
8 May 2013
A federal judge on Wednesday ruled in favor of Chesapeake Energy Corp in a dispute with Bank of New York Mellon Corp over the natural gas company's...
8 May 2013
Turkey is in talks with the London Stock Exchange and Nasdaq about a partnership deal that could see it sell a stake in the Istanbul bourse as part of a drive to promote the city as a financial hub, its deputy prime minister said...
8 May 2013
Privately-owned Stemcor, the world's largest independent steel trading company, is discussing a standstill agreement on a maturing $850 million loan with lead banks after failing to refinance the loan, banking sources said...
8 May 2013
India's top drugmakers, among the world's biggest producers of cheap generic medicines, are looking beyond their own shores to generate revenue, seeking to profit from big-selling drugs going off-patent this year in the lucrative U.S. market...
8 May 2013
Sumitomo Mitsui Banking Corp (SMBC) said it agreed to acquire as much as 40 percent of Indonesian lender BTPN, giving the Japanese bank a foothold in the fast-growing Southeast Asian economy...
8 May 2013
The European Commission agreed on Wednesday to impose punitive import duties on solar panels from China in its boldest move yet to protect against what it sees as Chinese dumping of cheap goods on the European market...
8 May 2013
Standard Chartered faced a protest from over 20 percent of shareholders over its board structure on Wednesday and warned it could miss this year's...
8 May 2013
Saudi Arabian dairy producer Almarai Co plans to raise at least $500 million from the sale of a debut international Islamic bond to help to finance ambitious growth plans, a senior executive said on Wednesday...
8 May 2013
Shares in Telecom Italia dropped nearly 3 percent after sources said the board will likely put off a decision on whether to start formal merger talks...
8 May 2013
Spanish property firm Realia agreed to convert a 115 million euro ($150 million) loan into shares as part of a plan to restructure debt and avoid insolvency, sending its stock sharply higher...
8 May 2013
Oil firm Chevron on Wednesday criticised the sentencing of one of its Indonesian subcontractors to five years in jail for breaching environmental laws, citing irregularities in the investigation and trial, and said it would appeal the verdict...
8 May 2013
China Mengniu Dairy Co Ltd's deal to buy a $410 million stake in China's largest unpasteurised milk producer is a strategic move to rebuild trust after a series of scandals left local brands' reputations in tatters...
8 May 2013
In a 16th century Swiss castle in March the boss of UBS challenged the head of its private bank to explain his plans for overhauling the business of managing the money of the rich...
8 May 2013
Malaysian state oil firm Petronas has agreed to pay $850 million for a stake in a Brazilian offshore oil field, bolstering its billionaire owner Eike Batista who is unloading assets to keep his energy businesses afloat...
8 May 2013
Dutch banking and insurance group ING will speed up preparations for a stock market listing of its European insurance business next year after just completing the spin-off of its U.S. insurance and investment arm...
8 May 2013
In the past two decades, a group of specialized hedge funds have transformed corporate bankruptcies, injecting much-needed capital while at the same time drawing fire as "vultures."...
8 May 2013
U.S. Senator Rand Paul introduced a bill late on Tuesday that would repeal parts of a 2010 law designed to fight offshore tax evasion by Americans with assets hidden in foreign banks...
7 May 2013
Apollo Global Management LLC's cornerstone investors and two of its founders are selling a slice of their shares, demonstrating how going public makes it easier for dealmakers at alternative asset managers to cash out on their holdings...
7 May 2013
U.S. prosecutors and securities regulators announced charges on Tuesday against several people in connection with an alleged kickback scheme involving a Venezuelan finance official...
7 May 2013
A new generation of drug industry chief executives is stepping up plans to restructure their businesses by divesting slower-growing and maturing operations...
7 May 2013
Almost half of Timken Co's shareholders backed an activist investor's drive to split the steel and ball-bearing company into two, and the board said...
7 May 2013
Biotechnology companies that just a short time ago were viewed as takeover targets are now more likely to be buyers themselves after seeing their valuations soar on promising new drugs...
7 May 2013
Wolfgang Mayrhuber was named chairman of Lufthansa's supervisory board on Tuesday after a stormy meeting where major shareholders voiced their displeasure...
7 May 2013
Corporate auditors would be required to look more closely at insider business deals, like those used in many Chinese company frauds, under a rule the U.S. audit regulator proposed on Tuesday...
7 May 2013
A second proxy advisory firm has said that JPMorgan Chase & Co should have an independent board chairman over its chief executive officer as well as some new directors...
7 May 2013
American Express Co said Chief Financial Officer Daniel Henry will retire as soon as a replacement is found, a process that could take "a couple of months"...
7 May 2013
Bank of America's legal settlement with bond insurer MBIA pays for itself, and then some. Agreeing to resolve disputes over losses from old toxic sludge cheered shareholders on both sides...
7 May 2013
Quicksilver Resources Inc reported a loss for the fifth straight quarter due to weak prices for natural gas liquids, and said it would withdraw the $250 million initial...
7 May 2013
Favourable market conditions may prompt Dubai to issue another sovereign bond this year, a top official said on Tuesday, adding that the emirate was looking at alternate means to repay its debt if asset sales did not materialise...
7 May 2013
SoftBank Corp's president said he will go to the United States on Tuesday to meet Sprint Nextel Corp's major shareholders about the Japanese company's takeover bid...
7 May 2013
Kosmos Energy will invest $400 million in its Ghana operations in 2013 as part of its commitments to the West African nation's Jubilee oil field and other projects, the firm's CEO said on Tuesday...
7 May 2013
Cantab Capital Partners is to close a retail investor-friendly version of its flagship hedge fund because of new European guidelines regulating investment in commodities, underlining the growing difficulty firms face in trading metals, grains and oil...
7 May 2013
Lehman Brothers Holdings has put the Ritz-Carlton, Kapalua Resort, a 54-acre luxury condo and hotel resort in Maui, Hawaii, on the block as it continues to sell off its real estate holdings to pay off creditors, said two sources familiar with the deal...
7 May 2013
Federal prosecutors want the co-founder of hedge fund firm Level Global Investors LP to spend as much as 10 years in prison for insider trading in shares of two technology companies...
7 May 2013
Quicksilver Resources Inc reported a loss for the fifth straight quarter due to weak prices for natural gas liquids, and said it would withdraw a $250 million initial public offering of a master limited partnership (MLP)...
7 May 2013
Lufthansa urged shareholders to back the appointment of former CEO Wolfgang Mayrhuber to lead the German airline's supervisory board on Tuesday after...
7 May 2013
Belgium's Solvay took a first step towards casting off its PVC business by agreeing a joint venture with privately-hold INEOS, which will ultimately take full control of the unit...
7 May 2013
The European Commission will propose new rules to make it easier for consumers to open and switch bank accounts, as well as see what banking fees they are being charged...
7 May 2013
Hochtief said it sold its airports unit to Canada's Public Sector Pension Investment Board for 1.1 billion euros ($1.4 billion), to help fund a shift towards ground transportation and energy infrastructure...
7 May 2013
The Republic of Portugal is set to issue its first new benchmark bond since its bailout in 2011 later on Tuesday, keeping it on track to exit the programme next year...
7 May 2013
Europe's largest airline in the last 24 hours has gone through a series of self-inflicted turbulences that raise doubts about the quality of its governance. On Monday morning, the nominated new chairman of Lufthansa, a former chief executive of the company..
7 May 2013
Some shareholders of Verizon Communications Inc say they could be happy for the company to pay up to $130 billion for Vodafone Group Plc's stake in their U.S. wireless venture...
7 May 2013
Online gambling company Betfair raised its profit forecast and cost savings target on Tuesday, making its case for independence as it tries to stave off a $1.4 billion takeover by private equity firm CVC Capital Partners...
7 May 2013
An Indonesian company is willing to reimburse Australian explorer Intrepid Mines for work it carried out on a huge gold prospect in Indonesia, looking to resolve a bitter dispute over rights to the mine, a lawyer said...
7 May 2013
Fish piracy - seafood caught illegally, not reported to authorities or outside environmental and catch regulations - represents as much as $10 billion to $23 billion in global losses each year, a non-profit conservation group estimated Wednesday...
6 May 2013
JPMorgan Chase & Co has yet to convince three of its largest shareholders to support the company in an upcoming vote on whether Jamie Dimon should retain both his CEO and Chairman titles, the Wall Street Journal said...
6 May 2013
Federal regulators on Monday accused Pennsylvania's beleaguered capital, Harrisburg, of committing fraud, in a move that officials said is meant to send a warning to local officials about the accuracy of financial information they provide to investors and taxpayers...
6 May 2013
The top U.S. derivatives regulator is considering whether the Bitcoin virtual currency should be subject to its rules, a top official at the agency said...
6 May 2013
Former Lufthansa Chief Executive Wolfgang Mayrhuber is back in the running to become supervisory board chairman of Germany's biggest airline after overcoming...
6 May 2013
Elliott Management has once again pushed a technology firm into selling itself. This time BMC Software is going for $6.9 billion to a private...
6 May 2013
The Brazilian government, concerned about systemic risk in the rapid growth of banking assets, will propose legislation to make shareholders...
6 May 2013
Business software maker BMC Software Inc, whose anemic growth has been a source of frustration for its largest shareholder, said it would be taken private...
6 May 2013
CR Intrinsic said on Monday it plans to vote against Freeport McMoRan Copper & Gold Inc's acquisition of Plains Exploration & Production Company...
6 May 2013
Inergy LP, Inergy Midstream LP and Crestwood Midstream Partners LP said on Monday they have agreed to merge in a series of complex deals to form a $7 billion entity...
6 May 2013
Mortgage financiers Fannie Mae and Freddie Mac will limit their purchases to loans that meet a new federal definition of a "qualified mortgage" starting next year...
6 May 2013
Ledgemont Capital Group LLC, a boutique investment bank, filed for Chapter 7 bankruptcy to liquidate its assets, which it estimated at between $10 million...
6 May 2013
Wireless service provider Clearwire Corp said on Monday its proposed buyout by majority owner Sprint Nextel Corp was the best option for Clearwire's minority stockholders...
6 May 2013
Canadian private equity firm Onex Corp said it will buy TV ratings company Nielsen Holdings NV's expositions business for $950 million in cash...
6 May 2013
JPMorgan Chase & Co's Jamie Dimon may be losing ground in his fight to keep the title of chairman, as some major investors push for more oversight of the chief executive after...
6 May 2013
Some shareholders of Verizon Communications Inc say they could be happy for the company to pay up to $130 billion for Vodafone Group Plc's...
6 May 2013
A court ruled that Bayer did not pay some former Schering shareholders enough to acquire its German rival in 2007 and must now pay them more than 300 million euros...
6 May 2013
China's equity markets are in the gutter but looking up at the heavens. The initial public offering of China Galaxy Securities, the country's biggest broker...
6 May 2013
State-owned conglomerate China Resources (Holdings) Co Ltd plans to merge its Hong Kong-listed power producer with its natural gas distribution unit to...
6 May 2013
Commercial Bank of Dubai (CBD) plans to tap international debt markets for its first dollar-denominated bond, taking advantage of attractive pricing on the back...
6 May 2013
China is looking into how individuals and small businesses can settle trade using yuan this year, a People's Bank of China official told Reuters on Monday...
5 May 2013
A unit of Sinopec Group and brokerage China Galaxy Securities are launching Hong Kong IPOs on Monday seeking to raise up to $3.5 billion in total...
4 May 2013
JPMorgan Chase & Co shareholders should vote against the re-election of three board members because they failed to properly oversee risk-taking that led to $6.2 billion...
3 May 2013
Lululemon Athletica Inc was sued by a pension fund shareholder on Friday that wants to know if the board of directors wasted corporate assets by increasing...
3 May 2013
Citigroup Inc has won an injunction blocking a $383 million arbitration case filed by a Saudi Arabian investor who accused the bank of "virtually wiping out" his family's wealth...
3 May 2013
Warren Buffett's Berkshire Hathaway Inc would be "stark raving mad" to rule out another giant acquisition like its 2009 Burlington Northern takeover...
3 May 2013
A PepsiCo breakup looks like a matter of time. Investors with a hankering for corporate restructurings have taken stakes in the $128 billion snacks and drinks conglomerate...
3 May 2013
The Financial Industry Regulatory Authority is cautioning brokerage firms about the way they market some real estate investment trusts after a review by...
3 May 2013
Influential U.S. proxy advisory firm ISS recommended that Hess Corp shareholders elect five new board members nominated by activist hedge fund Elliott Management...
3 May 2013
Four minority shareholders with 127.4 million of Clearwire Corp's shares said they agreed to work together to seek a better deal for the wireless service provider...
3 May 2013
The Financial Industry Regulatory Authority (FINRA) is cautioning brokerage firms about the way they market some real estate investment trusts after a review by the Wall Street watchdog revealed problems, according to a regulatory notice...
3 May 2013
The top U.S. securities regulator remained tight-lipped on Friday about the details of her agency's efforts to craft reforms for money market funds, probably disappointing an audience of fund industry executives who gathered in Washington for an annual conference...
3 May 2013
Infracapital and Citi Infrastructure could reap up to 2.3 billion pounds ($3.6 billion) from the sale of a 30 percent stake in Kelda Group, which controls Yorkshire Water, bankers specialising in utilities said...
3 May 2013
Welcome to the era of perpetual private equity. After 14 years in PE hands, Allflex, which makes electronic tags for livestock, is being sold for $1.3 billion...
3 May 2013
A USD9bn-plus order book for BBVA's Additional Tier 1 bond this week, at a time when economic fundamentals are at their worst, has proved that the hunt for yield is transcending any fears about a potentially calamitous market correction down the road...
3 May 2013
British energy regulator Ofgem said on Friday utility SSE has until July 17 to pay a 10.5 million pound ($16 million) fine for mis-selling energy contracts to customers...
3 May 2013
PARIS, May 3 (Reuters) - Entertainment group Vivendi <VIV.PA> has offered to buy France Telecom's <FTE.PA> Dailymotion, an online video-sharing service at the centre of a row over political interference in French companies, news website Wansquare reported on Friday.
3 May 2013
Verizon Communications would like to buy out Vodafone from their Wireless joint venture but will not do so at any cost, its chief executive has told JP Morgan analysts..
3 May 2013
Last summer, euro zone member Spain was struggling to borrow money for 10 years at a yield below 7 percent. Last week, Rwanda had no trouble...
3 May 2013
The Consumer Financial Protection Bureau (CPFB) expanded its probe into the car loan industry by issuing subpoenas to auto lenders over the sale of financial products like extended warranties, the Wall Street Journal reported on Thursday, citing people familiar with the investigation...
3 May 2013
U.S. government investigators have found that JPMorgan Chase & Co had manipulated trading in the California and Michigan electricity markets, the New York Times reported...
3 May 2013
Gulf state Qatar has bought a 5 percent stake in Indian telecoms firm Bharti Airtel Ltd for $1.26 billion, the firm said on Friday, extending an overseas buying spree...
3 May 2013
Illegal production and smuggling still dog China's rare earth industry despite a long campaign to clean up the sector, contributing to a supply glut that has depressed global prices, a senior industry official said on Friday...
2 May 2013
A shareholder in OfficeMax Inc sued the directors of the company on Thursday, seeking to block its acquisition by larger rival Office Depot Inc...
2 May 2013
Philippine lender Asia United Bank (AUB) has priced its $204 million initial public offer at the midpoint of an indicative range to ensure after-market support, although the issue was oversubscribed after the Philippines bagged its second investment grade rating...
2 May 2013
Cerberus Capital Management LP has completed fundraising for its latest flagship private equity fund, raising $2.61 billion to invest in distressed assets, two people familiar with the matter said on Wednesday...
2 May 2013
Trustees for a pair of Nebraska mutual fund trusts and two fund services firms on Thursday settled civil charges alleging they provided misleading disclosures...
2 May 2013
The head of the U.S. Securities and Exchange Commission's national examination program is leaving the agency, in what marks the latest major personnel change...
2 May 2013
Financial advisers may need to be more careful then ever when using special "senior" credentials to market themselves to older Americans after...
2 May 2013
Hedge fund titan Steven A. Cohen, whose $15 billion firm has been under fire for alleged insider trading, took an unprecedented step when he said...
2 May 2013
Montana-based brokerage D.A. Davidson & Co plans to acquire smaller Los Angeles-based rival Crowell, Weedon & Co in a deal that would create one...
2 May 2013
Elan considered buying U.S. investment firm Royalty Pharma last year, six months before Royalty made its approach for the Irish drugmaker...
2 May 2013
Online recruitment company Monster Worldwide Inc, which has been up for sale for more than a year, said it would buy back shares if a sale did not go through...
2 May 2013
Taiwan's AU Optronics Corp, the world's No.4 LCD maker, plans to sell $350 million of stock to fund the purchase of raw materials and components from overseas, according to a term sheet of the deal seen by Reuters on Thursday...
2 May 2013
Britain's tax authority approved a controversial deal with Goldman Sachs partly to avoid the embarrassment of the U.S. bank pulling out of a new tax framework, a court heard on Thursday...
2 May 2013
The building blocks are falling into place for cash-rich companies to embark on an M&A spending spree that could drive the next leg of a stalling European equity rally...
2 May 2013
UniCredit, Italy's biggest bank by assets, said on Thursday it had completed the sale of Kazakh unit ATF Bank to a firm owned by Kazakh businessman Galimzhan Yesenov...
2 May 2013
Hedge fund firm Centaurus Capital is returning external investors all of their money after clashes with them over where the best money-making opportunities lay...
2 May 2013
Asian Pay Television Trust, backed by funds linked to Australia's Macquarie Group Ltd, plans to raise up to $1.1 billion in a Singapore IPO, betting on investor...
2 May 2013
BlackRock Inc, the world's largest money manager, plans to hire another 300 lawyers to help it deal with fragmented global regulation, particularly of banks...
2 May 2013
The British Broadcasting Corporation is in discussions with banks to arrange a private placement of debt, marking its first foray into the capital markets, market sources said...
2 May 2013
The European Commission said on Thursday it was reopening an investigation into a tax break granted to French power utility EDF, after the highest EU court overturned a Commission finding that the measure was illegal state aid...
2 May 2013
The Republic of Slovenia has reopened books on the dual-tranche US dollar bond offering it was forced to postpone two days ago, and is now offering a slightly higher yield following a Moody's downgrade earlier this week...
2 May 2013
French media group Lagardere is ready to buy back the 80 percent of Canal+ owned by Vivendi and then float the pay-TV group, Chief Executive Arnaud Lagardere said in a newspaper interview...
2 May 2013
Hedge fund firm Centaurus Capital is returning all money to external investors after disagreements with clients about where the best money-making opportunities lie, a source familiar with the firm said...
2 May 2013
JP Morgan and Greenhill have been appointed to advise GlaxoSmithKline on the sale of its soft drinks brands Lucozade and Ribena, which analysts believe will fetch more than 1 billion pounds ($1.6 billion)...
2 May 2013
Ireland's "bad bank" has sold its first portfolio of Irish commercial property loans to a consortium led by private real estate investor Starwood Capital Group, but the National Asset Management Agency declined to say what discount it gave...
2 May 2013
UBS faces a renewed call to break up its investment banking operations and wealth management division at an investor meeting on Thursday, after activist investor Knight Vinke Asset Management demanded a review of the bank's structure...
2 May 2013
Ramsay Health Care Ltd, Australia's largest private hospital operator, is in talks to invest in China's private healthcare market, banking on increasing demand for quality healthcare from the country's growing middle class...
2 May 2013
Medical devices maker Smith & Nephew is to hand back cash to shareholders through a $300 million share repurchase programme...
2 May 2013
The world's little-regulated and often secretive commodity trading houses could face new disclosure rules, and even capital requirements...
2 May 2013
Greece has secured the first of the privatisation deals required under its international bailout, with the sale of its 33 percent stake in betting firm OPAP to a Greek-Czech investment fund...
2 May 2013
Bankrupt investment bank Lehman Brothers has sued Intel Corp, accusing the chip maker of seizing $1 billion in collateral in breach of a swap agreement, a court filing showed...
2 May 2013
Salmon firm Cermaq rejected Marine Harvest's $1.7 billion hostile takeover bid, saying the offer by the world's biggest fish farmer undervalued the company and came with unacceptable conditions...
1 May 2013
Proxy advisory firm Glass Lewis told Hess Corp's shareholders late on Tuesday they should vote to elect five new board members nominated by activist hedge fund Elliot Management...
1 May 2013
Cerberus Capital Management LP has completed fundraising for its latest flagship private equity fund, raising $2.61 billion to invest in distressed assets...
1 May 2013
A Goldman Sachs Group Inc affiliate plans to spend $743 million to buy Ebix Inc, an insurance software provider that has been a target of allegations...
1 May 2013
Dutch financial services group ING Groep NV's U.S. unit raised $1.3 billion in its initial public offering on Wednesday, less than expected, though the offering...
1 May 2013
Private equity firm Sun Capital Partners plans to merge five of its plastic packaging portfolio companies to form what it says will be the sixth-largest...
1 May 2013
Merchant bank Kirchner Group and Crestline Investors Inc, a hedge fund secondary buyer with $7.3 billion under management, have teamed up to launch a joint venture...
1 May 2013
DreamWorks Animation SKG Inc has agreed to buy teen- oriented YouTube network AwesomenessTV to secure an online platform to showcase family-focused...
1 May 2013
France's industry minister said he had blocked Yahoo Inc's plan to buy a majority stake in online video website Dailymotion because the U.S. group wanted to "devour" its smaller competitor...
1 May 2013
Highfields Capital, a U.S. hedge fund agitating for change at coffee shop chain Tim Hortons Inc faces a difficult task in trying to persuade long-term institutional investors...
1 May 2013
T-Mobile US Inc shares rose 5.1 percent in their debut on the New York Stock Exchange on Wednesday, after the company was created by the merger of MetroPCS Communications...
1 May 2013
The Securities and Exchange Commission proposed new rules on Wednesday for the over-the-counter derivatives business of foreign banks, with the U.S. regulators saying...
1 May 2013
Warren Buffett's Berkshire Hathaway Inc on Wednesday said it would acquire the 20 percent of IMC International Metalworking Cos BV it does not...
1 May 2013
For years, Dubai's top bank Emirates NBD (ENBD) relied on its home base and cosy relationship with leading government-related entities in the emirate to drive profit growth...
1 May 2013
British judges ruled on Wednesday that the UK government has breached European Union air quality law and asked the European Court of Justice (ECJ) for guidance on what action needs to be taken, delaying immediate improvements to air pollution...
1 May 2013
Investment fund Emma Delta has met Athens' demand to raise its offer for a stake in gambling monopoly OPAP, sources said, meaning Greece could seal its first big privatisation as early as May 1...
1 May 2013
A private equity group made up of Bain Capital LLC and Golden Gate Capital Corp has emerged as the lead contender to buy BMC Software Inc...
1 May 2013
A bank from the euro zone's debt-challenged periphery has been the first to issue a new breed of loss-absorbing bonds. It is proof that central bank-whipped bondholders, shrugging off the euro crisis, are desperate for yield. A 9 percent coupon looks juicy, but it pays investors less than equity, with no upside...
1 May 2013
Barclays is under the spotlight after Deutsche Bank's capital U-turn. Having trumpeted an organic capital strategy since being appointed co-chief executives of the German bank last year, Juergen Fitschen and Anshu Jain finally opted for a 3 billion pound equity placing to bolster capital. Barclays new boss Antony Jenkins...
1 May 2013
U.S. green car startup Coda Holdings Inc filed for Chapter 11 bankruptcy protection on Wednesday after selling just 100 of its all-electric sedans...
1 May 2013
Executives from Google Inc. and its auditor Ernst & Young will be called again to a British parliament committee to testify on tax, after a Reuters investigation highlighted inconsistencies in the way Google portrays its activities in Britain, the committee's chairwoman told Reuters...