NEWS
February 2010
28 Feb 2010
A multi-billion pound investment strike has been threatened by Britain's leading energy companies should they be subjected to an inquiry over soaring prices and profits by the Competition Commission…
28 Feb 2010
Dubai's Arabtec said on Sunday the due diligence date for its $1.7-billion merger with Aabar Investments had been extended to April 16, in a move that will encourage investors that the deal will progress...
26 Feb 2010
PepsiCo Inc has won U.S. antitrust approval to buy two of its largest bottlers on condition that it take steps to safeguard a rival's business information, the Federal Trade Commission said...
26 Feb 2010
Brookfield Properties Corp unit BPO Properties Ltd will convert its structure to a real estate investment trust from a corporation, the two companies said on Friday...
26 Feb 2010
Europe's competition watchdog gave its approval on Friday for an Irish scheme to help banks clear bad assets from their balance sheets as they seek a return to normal lending...
26 Feb 2010
The days of airline alliances offering little more than code-sharing agreements are gone. Instead, alliances may well be the new mergers…
26 Feb 2010
American International Group Inc has decided not to use securitized U.S. life insurance policies to repay the U.S. government after a $182.3 billion rescue, a source familiar with the matter said...
26 Feb 2010
Nigeria's privatisation body said it had cleared up any confusion over China Unicom's involvement in a $2.5 billion bid for the former state telecoms monopoly, allowing it to go for final approval...
26 Feb 2010
Beijing is taking a father-knows-best approach to mergers and acquisitions, weighing not only commercial considerations but also political and other factors as it chooses which deals to approve…
26 Feb 2010
Lloyds, Britain's largest retail bank, shrank its losses in 2009, despite a 24 billion pounds ($37 billion) hit from loans that soured, mostly assets inherited from rival HBOS, which it bought last year.
26 Feb 2010
Buyout giant Blackstone has nailed down three commitments so far to its landmark yuan-denominated fund for China, with the country's national pension fund expected to be a major investor…
26 Feb 2010
General Motors Co will wind down its iconic but tarnished Hummer brand after Chinese regulators rejected a $150 million bid by an obscure Chinese machinery maker to buy the money-losing SUV line…
25 Feb 2010
Coca-Cola Co said that it planned to buy the North American operations of its largest bottler, Coca-Cola Enterprises Inc, in a substantially cashless deal that would let it cut costs and be more flexible in its distribution...
25 Feb 2010
The U.S. Commodity and Futures Trading Commission should have the power to oversee the over-the-counter (OTC) energy market, one of the five commissioners of the CFTC said...
25 Feb 2010
Cathay Pacific said it is to take a 49 percent interest in a $474 million cargo joint venture with Air China to tap the growth in China's Yangtze River Delta region...
25 Feb 2010
JPMorgan Chase & Co, the second largest U.S. lender by assets, is in talks to buy a stake in Brazilian hedge fund and private equity firm Gavea, Valor Economico newspaper reported...
25 Feb 2010
Toronto-Dominion Bank paid Chief Executive Ed Clark C$10.4 million ($9.8 million) in 2009, down 5.5 percent from 2008 in response to industry trends and the financial crisis…
25 Feb 2010
Top U.S. airlines are taking a more cautious, though varied, approach to fuel hedging this year, after incurring blistering losses from hedges in 2008 when oil prices spiked then tumbled…
25 Feb 2010
Shareholders of Canadian Imperial Bank of Commerce voted in favor of executive pay structures at Canada's fifth-largest bank in the first "say on pay" vote in the financial sector…
25 Feb 2010
General Electric Co (GE) will sell its $3.3 billion stake in Turkey's Garanti Bank, GE Money sources said, a move which could offer a rare chance to buy into Turkey's resilient bank sector...
25 Feb 2010
VT Group investors are urging the company to enter takeover talks with suitor Babcock International, with one major VT shareholder writing to the firm's board calling on it to open its books…
25 Feb 2010
General Growth Properties Inc unveiled a bankruptcy exit plan bankrolled by Brookfield Asset Management that would split it in two, as suitors circled the second largest U.S. mall owner…
25 Feb 2010
Controversial rules imposed last August by U.S. regulators to govern private equity investment in failed banks are unlikely to change as they come up for a planned six-month review…
25 Feb 2010
The surprising growth of U.S. stock trading venues is set for a pruning as regulators prepare to tighten controls on so-called dark pools and as brokers, still pinching pennies, look to narrow where they send orders...
25 Feb 2010
Lehman Brothers Holdings has agreed with JPMorgan Chase & Co to settle about $7.68 billion in collateral obligations that were pending following Lehman's bankruptcy filing in 2008, court documents showed...
24 Feb 2010
Massachusetts' securities regulator said on Wednesday that Oppenheimer & Co has agreed to redeem auction-rate securities sold in the state before that market locked up in February 2008...
24 Feb 2010
U.S. securities regulators delayed plans that would allow domestic companies to use international accounting standards...
24 Feb 2010
The European Union will mandate more transparency in the bloc's corporate bond market later this year, the Financial Services Authority said...
24 Feb 2010
Chrysler Financial Lease Trust is expected to issue $1.7 billion of asset-backed securities under the final round of the Federal Reserve's emergency loan program...
24 Feb 2010
U.S. securities regulators adopted a new rule to restrict short selling more than a year after the financial crisis provoked cries to rein in investors who bet on a stock's decline...
24 Feb 2010
Switzerland will ask parliament to turn a deal with Washington that got bank UBS off the hook in a tax evasion case into binding law, plugging a legal hole that is stopping Berne from honoring the agreement...
24 Feb 2010
European Union antitrust regulators are looking into complaints filed by three online companies against Google that may lead to a formal investigation into the search-engine giant's business practices...
24 Feb 2010
China's banking regulator tightened the noose once again on bank loans, telling commercial lenders to restrict new credit they provide to the financing vehicles of local governments…
24 Feb 2010
Printing services firm RR Donnelley & Sons Co has agreed to acquire Bowne & Co Inc, which helps companies print regulatory filings, for $481 million...
24 Feb 2010
New York-based SkyBridge Capital is in advanced talks to purchase Citigroup Inc's $4 billion hedge fund business, according to the Wall Street Journal...
24 Feb 2010
American International Group's stalled $2.2 billion sale of its Taiwan unit to a group led by China Strategic faces a new hurdle after Taiwan's regulator sought talks with parliament over the deal…
24 Feb 2010
Banks are discussing a $7 billion, five-year, offshore loan to back Bharti Airtel's $9 billion offer to buy Zain's African cellular assets, sources told Reuters Basis Point...
24 Feb 2010
U.S. buyout giant Carlyle Group will team up with China's largest non-state-owned conglomerate Fosun Group to launch a $100 million yuan-denominated private equity fund, part of a global strategic alliance...
24 Feb 2010
BYD Co Ltd, a Chinese car and battery maker founded by China's wealthiest man and backed by U.S. billionaire Warren Buffett, aims to boost its car exports this year as it feeds what it hopes will be…
24 Feb 2010
HSBC has launched the 2 billion pound sale of its British rolling stock leasing company, with financial investors seen as the most likely buyers, several people familiar with the matter said...
24 Feb 2010
Chinese regulators have rejected a controversial bid by Tengzhong, an obscure industrial equipment maker, to buy GM's money-losing Hummer brand, a person close to the companies said…
24 Feb 2010
The European Commission is considering complaints from three online companies regarding Google Inc's practices including its search rankings, the company said on Tuesday...
24 Feb 2010
The Treasury has lifted its guarantee protecting retail deposits with nationalised bank Northern Rock, drawing a line under the former mutual's troubles as it is is prepared for sale...
23 Feb 2010
Google's assertion that its computers were attacked by hackers based in China was "groundless", Beijing said on Tuesday, hardening its rhetoric in a spat with Washington over Internet freedom...
23 Feb 2010
Bharti Airtel may finalise by Friday what could be the largest acquisition loan for an Indian borrower, as it readies a $9 billion purchase of the African assets of Kuwaiti telecoms firm Zain...
23 Feb 2010
Satyam Computer Services Ltd filed a lawsuit against UK-based Upaid Systems Ltd in a New York state court seeking to declare a settlement pact between the companies valid and enforceable...
23 Feb 2010
Britain would try to delay a deal on European Union rules to regulate hedge funds and private equity firms if they remain unacceptable next month, a UK minister said...
23 Feb 2010
Intesa Sanpaolo SpA plans to list its market-leading asset manager Banca Fideuram by around June, defying a difficult market with what could be Italy's largest initial public offering (IPO) since 2006...
23 Feb 2010
Xerox Corp has sued Google Inc and Yahoo Inc, accusing them of infringing the document management company's patents related to Internet search...
23 Feb 2010
China's Tengzhong could use an offshore vehicle to buy General Motors' Hummer brand if it fails to win Chinese regulatory approval for the ambitious but controversial plan that has met with cooling government appetite...
23 Feb 2010
Morgan Stanley is in late stage talks to sell its stake in China International Capital Corp to Kohlberg Kravis Roberts & Co and TPG Capital for more than $1 billion...
23 Feb 2010
Toyota Motor Corp's top-ranking American executive apologized on Tuesday for what he called unacceptable delays in coming to terms with recent safety issues and "poor communication"...
23 Feb 2010
African Barrick Gold (ABG), a spin-off of Barrick Gold Corp, has launched a London listing to raise as much as $1 billion, valuing its assets at about $4 billion, according to people familiar with the matter...
23 Feb 2010
Britain rejected Argentine objections to oil exploration off the disputed Falkland Islands on Tuesday, saying the drilling was within international law…
23 Feb 2010
Hedge funds will increase their investments in distressed debt and equity this year and expect to make more money doing it, the Reuters HedgeWorld & Dykema 2010 Insolvency Outlook Survey found…
23 Feb 2010
The Japanese unit of Wal-Mart Stores, the world's largest retailer, said on Tuesday that it would actively seek opportunities for mergers and acquisitions as a way to grow…
23 Feb 2010
Intel Corp said it faced a "sophisticated" hacker attack in January about the same time as the recently publicized Chinese hacker attacks on Google Inc, but noted no clear link between…
23 Feb 2010
Harman International Industries Inc is talking to potential acquisition targets in China, India and Brazil as the audio products company plans to spend up to $200 million in deals over the next 12 to 18 months…
23 Feb 2010
The Office of Fair Trading said Reckitt Benckiser may be deliberately abusing its dominance in the supply of heartburn medicines, adding to the National Health Service's (NHS's) vast drugs bill…
23 Feb 2010
Toyota Motor Corp's woes deepened ahead of its testimony to Congress as it revealed it faces a U.S. criminal probe into the handling of its massive safety recalls, while Japan voiced concern over...
23 Feb 2010
AstraZeneca raised its forecast for 2010 earnings on Tuesday after settling a tax dispute with Britain for $780 million, lifting its shares 1 percent...
22 Feb 2010
Bank of America Corp won approval of a $150 million settlement with the U.S. Securities and Exchange Commission over the Merrill Lynch & Co merger, though the federal judge who signed off on the accord...
22 Feb 2010
German car maker BMW has offloaded 3 billion pounds ($4.6 billion) of the risk posed by people living longer from its UK pension scheme to Deutsche Bank, in the biggest deal of its kind...
22 Feb 2010
U.S. industrial group United Technologies won European Union regulatory approval on Monday to buy the security business of General Electric, boosting its operations in the domestic market...
22 Feb 2010
Schlumberger Ltd agreed to buy Smith International in a $11.34 billion all-stock deal that will boost the oilfield services leader's revenue to double that of its nearest rival...
22 Feb 2010
Swedish institutional investors subscribed for "green" bonds issued by the World Bank on Monday, taking total such financing to over $1 billion, lead manager SEB bank said...
22 Feb 2010
Fury over Greece using derivatives that masked its debt conveniently ignores the fact that euro zone countries and EU bookkeepers have approved other deals worth billions of euros for over 10 years...
22 Feb 2010
Lennar Corp, a top three U.S. homebuilder, said it terminated its $1.1 billion senior unsecured revolving credit facility, which it was using to issue letters of credit...
22 Feb 2010
Dai-ichi Mutual Life Insurance, Japan's second-largest life insurer, said on Monday it would sell about 1.07 trillion yen ($11.7 billion) worth of shares in the country's biggest initial public offering in more than a decade...
22 Feb 2010
Greece's two largest carriers, Aegean and recently privatised Olympic, have agreed to team up, forming a stronger player to take on foreign competition, officials close to the deal said...
22 Feb 2010
Genzyme Corp said it has received notice from billionaire investor Carl Icahn that he intends to nominate himself and three others to the company's board of directors...
22 Feb 2010
Chrysler Financial Lease Trust is expected to issue $1.7 billion of asset-backed securities under the final round of the Federal Reserve's emergency loan program…
22 Feb 2010
Ping An Insurance, China's second largest insurer, said three of its mainland shareholders would sell 800 million restricted A-shares over the next five years...
22 Feb 2010
Fund raising from Asian share markets continues apace after a blistering 2009, though investor wariness about a surfeit of offerings has…
22 Feb 2010
Chinese farm exports are set to become a greater source of trade tension as China boosts its production and becomes a bigger player in world markets for labor-intensive crops…
22 Feb 2010
Drilling on the first oil well in the Falkland Islands in over a decade started on Monday, despite protests from Argentina, which claims the British territory…
22 Feb 2010
Toyota Motor Corp said it had been asked by the U.S. Securities and Exchange Commission (SEC) for documents related to unintended acceleration of Toyota vehicles...
22 Feb 2010
Dubai is not seeking preferred creditor status in the restructuring process of state-owned Dubai World, a government spokeswoman said on Monday, removing one stumbling block in talks with lenders…
22 Feb 2010
For handlers of AIG's massive IPO of its Asian life insurance unit, getting investors to recognize the name and the size of the business is the easy part…
22 Feb 2010
The creation of a planned Islamic investment megabank is in "fairly advanced stages" and it will likely be launched in the next six to 12 months . . .
22 Feb 2010
Dubai World which is in talks to restructure some $22 billion debt, is unlikely to pay off developer Nakheel's $980 million Islamic bond, a source familiar with the matter said on Monday, and all options are open…
22 Feb 2010
Ireland will transfer the first loans to the National Asset Management Agency (NAMA) "bad bank" by the end of March, missing its latest deadline of late February, as it waits on European approval to begin the scheme...
22 Feb 2010
The Islamic finance industry has so far neglected retail banking that could provide it with a funding base more stable than its main wholesale and investment business…
22 Feb 2010
The Islamic finance industry needs to develop sukuk funds that pool liquidity, rather than ones just focused on distressed assets . . .
22 Feb 2010
Paris and London, the financial centers vying for the lead on Islamic finance business in Europe, need to issue sukuk bonds soon to show commitment and keep competition at bay…
22 Feb 2010
Twenty-four European banks may need to issue about 240 billion euros (211 billion pounds) annually for the next three years to fund existing and new businesses, as well as to meet the new...
22 Feb 2010
The Gulf Arab region insurance industry, both conventional and Islamic, will see "significant" deals between firms during the next 18 months as they consolidate to tap huge growth potential…
22 Feb 2010
Indonesia's state banks should be discouraged from making conventional loans and focus instead on Islamic financing to spur the development of the domestic sharia finance sector…
22 Feb 2010
Dubai's debt woes underscore the need for regulation and restructuring in the Islamic finance industry, said experts speaking at Reuters Islamic Banking and Finance Summit in Dubai…
22 Feb 2010
Dubai's debt crisis has stifled sukuk issuance and unfairly put a damper on the Islamic finance industry, experts said, noting that an unstable credit environment and…
22 Feb 2010
For a Swiss private banking industry that is under fire and could see traditional sources of asset inflows dry up, Islamic banking is a unique opportunity that should be grabbed with both hands . . .
22 Feb 2010
Islamic wealth managers must cater for their clients' emerging calls for a more diversified portfolios to win a larger slice of an industry valued at up to $4 trillion . . .
22 Feb 2010
About 800 flights per day will be canceled over a four-day period, as pilots at Deutsche Lufthansa went on strike on Monday after last-ditch attempts to reach a compromise failed over the weekend...
22 Feb 2010
Dubai is not seeking preferred creditor status in the restructuring process of state-owned Dubai World, a government spokeswoman said on Monday, removing one stumbling block in talks with lenders...
22 Feb 2010
Air France KLM and Japan Airlines are considering forming a joint venture to cooperate more closely on flights between France and Japan, according to Monday's La Tribune newspaper...
22 Feb 2010
Al Rajhi Capital, the investment arm of Saudi Arabia's Al Rajhi Bank and Bahrain's Arcapita Bank have launched a $500 million Gulf property income fund to capitalise on falling prices…
19 Feb 2010
Private equity firms are putting floatation candidates back in the box after receiving knock backs from angry fund managers, and will try again in a couple of years when they hope the market will be more receptive...
19 Feb 2010
A second bid for the broadcast arm of Canada's Canwest media empire emerged on Friday as a consortium led by private equity fund Catalyst Capital and backed by Goldman Sachs offered C$120 million...
19 Feb 2010
Goldman Sachs Inc filed on Friday to dismiss a lawsuit filed a day earlier against seven former Atlanta-based wealth advisers that defected to rival Credit Suisse...
19 Feb 2010
Telecoms equipment gear maker Alcatel-Lucent set aside 93 million euros ($125.5 million) last quarter to settle a U.S. authorities' bribery investigation that began six years ago...
19 Feb 2010
An office building that sits atop an upscale shopping mall in downtown Philadelphia is not the sort of place that would ordinarily strike fear into the hearts of bad guys on Wall Street…
19 Feb 2010
Altria Group Inc asked the U.S. Supreme Court to review a racketeering verdict against major cigarette makers that was upheld by an appeals court decision last May...
19 Feb 2010
VT Group is considering asking theTakeover Panel to impose a 'put up or shut up' deadline on suitor Babcock International, a source close to VT told Reuters...
19 Feb 2010
French retailer Carrefour, which has been looking to crack the restrictive India market for seven years, plans to kick off its operations in the country this year by setting up a wholesale business...
19 Feb 2010
Kuwaiti telecom group Zain's decision to sell its African assets is a strategic move and not due to financial pressures, a newspaper report said on Friday, citing one of the firm's main shareholders...
19 Feb 2010
Private equity firms are putting floatation candidates back in the box after receiving knock backs from angry fund managers, and will try again in a couple of years when…
19 Feb 2010
The head of Toyota Motor Corp bowed to pressure to testify before U.S. lawmakers and explain the company's safety crisis, becoming the highest profile Japanese executive…
19 Feb 2010
MDS Inc said that it planned to buy back more than 40 percent of its outstanding shares as the Canadian company advances its plans to narrow its focus to nuclear imaging...
19 Feb 2010
Shares in UC RUSAL tumbled nearly 7 percent on Thursday, meaning the world's largest aluminum producer has shed more than a third of its IPO price in a month…
19 Feb 2010
Steelmaker Corus will begin the partial mothball of a plant on Teesside on Friday, a move that may signal the beginning of the end for steelmaking in the traditional industrial town...
19 Feb 2010
German competition authorities intend to scrutinize thoroughly car parts supplier Magna's planned purchase of the cabrio roof business of insolvent rival Karmann...
18 Feb 2010
Microsoft Corp and Yahoo Inc said on Thursday they have won unconditional approval from regulators in the United States and Europe for a planned search deal that would challenge market leader Google Inc...
18 Feb 2010
Chilean President-elect Sebastian Pinera's holding companies said on Thursday they offered a 21.18 percent stake in regional airline LAN worth $1.23 billion to Chile's Cueto family...
18 Feb 2010
Central European Media Enterprises (CME) has agreed to buy Bulgarian television station bTV for $400 million from News Corporation, CME said...
18 Feb 2010
Barrick Gold Corp said on Thursday it will spin off its African gold assets into a new publicly traded company, and will also spend $475 million to buy an additional 25 percent of the massive Cerro Casale...
18 Feb 2010
QInvest, Qatar's largest investment bank, will buy a 25 percent stake in Mumbai-based Ambit Group for an undisclosed amount, the company said...
18 Feb 2010
UK banks have entered the credit market spotlight with big debts to refinance, just as worries over government deficits in the UK and Europe's periphery are pushing up funding costs...
18 Feb 2010
Ebay Inc urged European regulators to drop a requirement for Internet retailers to have "bricks-and-mortar" shops, warning it would hurt small firms, keep prices high and stifle e-commerce...
18 Feb 2010
The U.S. Treasury said on Thursday it intends to auction stock warrants in four banks that have paid back federal bailout funds over the next month, including Bank of America…
18 Feb 2010
Car parts to bicycles retailer Halfords is buying Nationwide Autocentres for 73.2 million pounds in cash to become the biggest player in the country's car servicing and repair market…
18 Feb 2010
The issuing of sukuk, or Islamic bonds, has dried up as investors watch the Dubai World saga play out, but is a chance for investors and issuers to clarify the risk and structure of these securities…
18 Feb 2010
Investors betting on explosive growth in Indonesia's Islamic finance industry may have to settle for slower gains as an unfriendly regulatory framework holds the market back…
18 Feb 2010
France must host a sukuk issuance this year to show it is serious about Islamic finance and overcome the legal uncertainties that caused a delay to a 1 billion euro ($1.37 billion) issuance…
18 Feb 2010
Heavy tax demands on London's under-fire hedge fund industry are unlikely to spark an exodus of operators to rival financial hubs such as Dublin or Geneva, a survey by property advisor Cushman & Wakefield showed...
18 Feb 2010
Islamic banking has to move beyond financing mainly homes and cars and into the real economy, an influential scholar said, noting potential for financing in aviation…
18 Feb 2010
Gulf Arab capital markets, including issuance of Islamic bonds, will remain sluggish well into the year as a result of Dubai's debt troubles and spillover effects from Greece's fiscal woes…
18 Feb 2010
Sharia-compliant investors are taking a renewed interest in commercial and residential real estate across the gulf region, trying to time any investments to catch a rebound in prices…
18 Feb 2010
Private equity will be a key growth engine for the Islamic finance industry, but fund managers need to better understand Sharia concepts before a market can develop…
18 Feb 2010
Babcock International has increased a proposed offer to buy defence firm VT Group to as much as 1.29 billion pounds but its advances have again been rejected...
18 Feb 2010
Goldman Sachs Group Inc sued seven of its former private wealth management division executives for abruptly leaving the company to join rival Credit Suisse early this month, court documents show....
17 Feb 2010
Private equity will be a key growth engine for the Islamic finance industry, but fund managers need to better understand Sharia concepts before a market can develop...
17 Feb 2010
Energy major Reliance Industries may be forced to raise its offer for LyondellBasell or abandon its bid all together after the target settled a dispute with creditors that paved the way for an exit from bankruptcy...
17 Feb 2010
Barnes & Noble Inc said on Wednesday that it would not waive its poison pill anti-takeover provision to allow billionaire investor Ronald Burkle to nearly double his stake…
17 Feb 2010
Reader's Digest Association Inc said on Wednesday its UK unit has filed for administration, two weeks after Britain's pensions regulator refused to approve a pension fund agreement related to the subsidiary...
17 Feb 2010
A quest by British regulators to protect local taxpayers by pruning the branches of global banks is riling the industry and risks running roughshod over a principle of free movement within Europe...
17 Feb 2010
Drugstore chain Walgreen Co said on Wednesday it plans to buy New York-based rival Duane Reade from private equity firm Oak Hill Capital Partners in a deal worth $1.075 billion...
17 Feb 2010
Morgan Stanley may hand over to creditors its $2.4 billion investment in a chain of Japanese hotels when the debt becomes due in April, the Wall Street Journal said...
17 Feb 2010
Sukuk bond issuance in the Middle East will range between 10 and 15 in 2010, with demand mainly expected to come from Saudi Arabia…
17 Feb 2010
Egypt will sign a deal this week with Abu Dhabi's Masdar to build a 200 megawatt wind farm, part of a plan to generate 20 percent of the country's energy needs from renewable sources by 2020…
17 Feb 2010
It is unlikely that Apple tells security guards across the Pacific how to go about their business…
17 Feb 2010
Standard & Poor's on Wednesday cut its ratings on Blockbuster Inc to a deeply distressed rating and said the movie-rental chain is vulnerable to a debt default, though its liquidity is adequate in the near term…
17 Feb 2010
Sharia-compliant financial products need a clearer legal framework to attract non-Islamic investors, after the Dubai World debt crisis battered perceptions of…
17 Feb 2010
Dubai World's lenders have rolled over billions in maturities since May 2009 and a pending $1.2 billion loan payment for its Limitless property unit will also get extended…
17 Feb 2010
The launch of the first template for an over-the-counter Islamic derivative contract is "imminent" and will encourage more companies to hedge their risks…
17 Feb 2010
Sharia-compliant Bank of London and the Middle East is targeting the thousands of rich Gulf residents who spend part of the year in London, to boost its private banking arm…
17 Feb 2010
The Bahrain-based Accounting and Auditing Organization for Islamic Financial Institutions, which helps sets standards in the sector, said on Tuesday that it plans to start screening…
17 Feb 2010
Dubai's handling of the debt crisis surrounding its flagship conglomerate Dubai World will affect its ability to attract future investment…
17 Feb 2010
Unsecured creditors of bankrupt Six Flags have asked a federal judge to order warring parties to mediation in the hopes of heading off a planned two-week trial over the theme park operator's reorganization plan…
17 Feb 2010
Danish private equity fund Axcel aims to raise $1 billion this year through an initial public offering (IPO) of shares in Danish jewelry maker Pandora…
17 Feb 2010
If Dubai was floating a trial balloon with a rumored debt offer proposing a scant 60 cents on the dollar, it may have to think again…
16 Feb 2010
Euro zone states urged Greece on Monday to announce more deficit-control steps by mid-March if needed, but said nothing new of last week's pledge to defend the country if...
16 Feb 2010
JP Morgan Chase is to buy the non-U.S. assets of commodities joint venture RBS Sempra from Royal Bank of Scotland and Sempra Energy for about $1.7 billion cash…
16 Feb 2010
Royal Dutch Shell Plc said it was overhauling its pay practices for top management, including a pay freeze for its chief executive, Peter Voser, and a limit on bonuses…
16 Feb 2010
Britain's financial regulator on Tuesday imposed its biggest ever fine on an individual, billing a Turkish oil executive over $1.5 million for insider trading in shares of London-listed Heritage Oil Plc…
16 Feb 2010
Sumitomo Corp said it will launch a 122.1 billion yen ($1.4 billion) tender offer to raise its stake in cable TV company Jupiter Telecom to 40 percent, countering a rival bid by telecoms firm KDDI...
16 Feb 2010
Norway's Yara International, one of the world's largest fertilisers producers, agreed to buy Terra Industries for $4.1 billion to boost its presence in the United States as the industry consolidates...
16 Feb 2010
Huang Guangyu, China's richest man before falling from grace suspected of stock market manipulation, has been charged with insider trading and offering bribes, state media reported...
16 Feb 2010
Ballarpur Industries Ltd has bid about $200 million for Malaysia's GS Paper & Packaging Group, the Economic Times reported quoting ET NOW channel...
16 Feb 2010
Dubai International Capital (DIC), the investment arm of Dubai Holding, sold a 17 percent stake in Merlin Entertainments last summer for around 100 million pounds, a report from the Financial Times said...
15 Feb 2010
If Dubai was floating a trial balloon with a rumored debt offer proposing a scant 60 cents on the dollar, it may have to think again...
15 Feb 2010
Bharti Airtel began exclusive $10.7 billion talks to buy most of Kuwaiti telecom Zain's African cellular assets, the Indian firm's third try to gain a foothold in a continent that offers the last opportunity for...
15 Feb 2010
SuperGroup, the fast-growing fashion company, said it plans to issue shares and join the stock market, despite last week's decision by three much larger companies to abandon their plans for listings...
12 Feb 2010
Daimler AG agreed to pay about $200 million and two units will enter guilty pleas to resolve a U.S. investigation into whether the German automaker paid bribes to secure overseas business...
12 Feb 2010
Debt woes at Gulf Finance House (GFH) offer a rare insight into the fragile state of Bahrain's offshore investment houses and give a hint that damage is mounting across the sector...
12 Feb 2010
Cable operator Shaw Communications Inc has agreed to buy a controlling stake in the television business of debt-swamped Canwest Global Communications Corp, Canada's biggest media company...
12 Feb 2010
U.S. technology giant Hewlett-Packard Co won approval from EU competition regulators on Friday for its takeover of 3Com Corp, reinforcing its presence in the network equipment market...
12 Feb 2010
Tribune Co's senior creditors warned that allowing bondholders to sue over the legitimacy of $10 billion of the bankrupt company's debt would touch off "World War III" and upend settlement talks...
12 Feb 2010
Norway's supreme court ruled in favour of shipping companies that have disputed $3.8 billion in back-taxes on profits retained over many years, spurring a rally for...
12 Feb 2010
Dutch carmaker Spyker will seek to list its shares in London and Stockholm after its audacious purchase of Sweden's Saab, the group on Friday as it moved a step nearer completing the acquisition...
12 Feb 2010
Berkshire Hathaway Inc shares gained at the open on Friday as investors were optimistic about the stock's coming addition to the S&P 500 index after the close...
12 Feb 2010
Subsidy cuts throughout Europe promise more business for Chinese solar companies at the expense of European and American peers as customers seek lower cost products to protect profits...
12 Feb 2010
U.S. investor Warren Buffett has become the biggest single shareholder in the world's largest reinsurer Munich Re and could soon hold 7 percent of the company...
12 Feb 2010
Fashion retailer New Look has postponed its planned initial public offering, making it the third private equity-backed firm in as many days to abandon a flotation in turbulent financial markets...
12 Feb 2010
China sprung a surprise on global markets on the eve of its New Year's holiday with an increase in banks' reserve requirements, a move that can slow bank lending and tamp down on rising inflation...
12 Feb 2010
French oil major Total SA said it had brought forward a decision to invest in two UK gas fields after the government introduced tax breaks to encourage development in the area West of the Shetland Islands...
12 Feb 2010
Motorola Inc said it aims to split into two companies in the first quarter of 2011, one to focus on cellphones and television set-top boxes, and the other on enterprise networking...
11 Feb 2010
Google Inc plans to build a super-fast Internet network for up to half a million people, a project that could pressure telecommunications companies to loosen their control of Web access in the United States...
11 Feb 2010
Ohio utility FirstEnergy Corp will buy Pennsylvania utility Allegheny Energy Inc in an all-stock deal worth $4.7 billion, the companies said…
11 Feb 2010
Fertilizer producer Mosaic Co said on Thursday it has granted Brazilian mining giant Vale SA an option to buy its stake in Brazil's Fosfertil and Fertifos...
11 Feb 2010
Bailed-out bank Lloyds has sold its majority stake in esure, one of the country's largest providers of home and car insurance, as part of its plan to offload non-core units after a merger with rival lender HBOS...
11 Feb 2010
European leaders have reached a deal to provide aid to Greece, EU president Herman Van Rompuy said on Thursday, in an unprecedented move to stave off a broader crisis in the 16-nation bloc that shares the euro...
11 Feb 2010
News Corp has replaced the CEO of the social networking site MySpace less than a year after hiring him, and said a discussion of his priorities led both sides to agree to a parting.
11 Feb 2010
Venezuela on Wednesday awarded the largest oil investment of President Hugo Chavez's 11-year rule on Wednesday, drawing tens of billions of dollars of much-needed foreign finance to the Orinoco Belt...
10 Feb 2010
Google Inc said on Wednesday it would build a super high-speed broadband network for up to half a million people in order to experiment with the possibilities of a network running at 100 times current speeds...
10 Feb 2010
Mexico's antitrust regulator will likely rule on tycoon Carlos Slim's plan to consolidate his telecommunications assets on Thursday, a spokesman for the regulator told Reuters...
10 Feb 2010
China has indicted four employees of Anglo-Australian mining giant Rio Tinto on charges of bribery and stealing business secrets, opening the way to a trial in a case that has tested ties with Australia...
10 Feb 2010
The Competition Commission (CC) is continuing its fight to force BAA to sell some of its airports, challenging a tribunal judgement giving BAA the right to appeal...
10 Feb 2010
Penton Business Media Holdings Inc, a publisher of 113 trade magazines such as Ward's AutoWorld, Restaurant Hospitality and National Hog Farmer, has filed for bankruptcy protection as part of...
10 Feb 2010
U.S. securities regulators are probing unusual activity in Airgas Inc call options before a $5.1 billion offer for the industrial gas company was announced, a person familiar with the probe said…
10 Feb 2010
Part-nationalised Royal Bank of Scotland is pushing ahead with the sale of over 300 of its branches and is expected to provide a detailed prospectus for buyers this month…
10 Feb 2010
Husky Energy Inc said on Monday it made another big gas find off China's coast, its third major discovery in the region, as mulls a spinoff of its Asian operations…
10 Feb 2010
World stocks rose on Wednesday and Greece's borrowing costs fell on the prospects of a Greek bailout, while safe-haven German government bond prices dipped and the euro eased after...
10 Feb 2010
Spanish builder Ferrovial has sold part of its UK concessions business to a financial partner in a deal valued at 310 million pounds, newspaper Expansion reported...
9 Feb 2010
Japan Airlines said it would keep its partnership with American Airlines in the Oneworld alliance, ending an attempt by Delta Air Lines to entice the bankrupt carrier to its rival SkyTeam group...
9 Feb 2010
Spectrum Brands Inc said on Tuesday that it plans to add the Russell Hobbs line of appliances to its lineup…
9 Feb 2010
The rights to the "Terminator" science-fiction action movie franchise have been won by a California-based hedge fund in a bankruptcy auction…
9 Feb 2010
Cable television and broadband services provider Hathway Cable & Datacom's initial public offering to raise up to 7.35 billion rupees was poorly subscribed on its first day...
9 Feb 2010
Banks are getting more comfortable lending for buyouts, and at higher multiples, as they front up more cash for select companies with strong earnings…
9 Feb 2010
China Investment Corp, the country's $300 billion sovereign wealth fund, has made its biggest U.S. equity bets in natural resources and financial stocks…
9 Feb 2010
International Dairy Queen, the ice cream retailer owned by Warren Buffett's Berkshire Hathaway Inc, said on Tuesday that it planned in 2010 to open its first stores in Egypt and Macau…
9 Feb 2010
The Treasury should impose "effective and enforceable" sanctions to encourage the country's bailed-out lenders to meet loan promises made as a condition of receiving taxpayer support, lawmakers said...
9 Feb 2010
Financial research firm Morningstar Inc on Tuesday acquired Footnoted.org, a Web-based research service that analyzes securities filings for investors...
9 Feb 2010
A British court has upheld a ruling invalidating a patent on a gene sequence held by Human Genome Sciences, handing victory in the case to Eli Lilly which had challenged HGS's patent...
9 Feb 2010
Britain's top financial regulator announced on Tuesday he planned to step down, surprising the markets and casting doubt over the future of the Financial Services Authority and…
9 Feb 2010
Standard & Poor's on Tuesday revised its rating outlooks on Bank of America Corp and Citigroup Inc to negative from stable, citing uncertainty whether the government will provide…
9 Feb 2010
The country's top financial regulator announced he was to step down, surprising markets and casting doubt over the future of the Financial Services Authority and an overhaul of the sector...
9 Feb 2010
Toyota Motor Corp said it would recall nearly half a million new Prius and other hybrid cars for braking problems as it battled criticism of its response to the spiraling safety crisis...
9 Feb 2010
British retailers Mothercare and Alliance Boots have agreed to design, source and supply a new children's clothing and accessories brand to be sold in Boots stores in the UK and Ireland...
9 Feb 2010
Britain's goods trade deficit with the rest of the world unexpectedly widened to its highest in nearly a year in December, after imports from non-EU countries shot up at their fastest rate…
9 Feb 2010
Singapore Telecommunications is eyeing acquisitions in Asia and the fast-growing markets of Africa and the Middle East to boost growth after it reported quarterly earnings in line with estimates...
9 Feb 2010
Pay-TV group BSkyB sold a 10.4 percent stake in commercial broadcaster ITV Plc for around 196 million pounds on Monday, to finally bring an end to a long-running legal battle..
8 Feb 2010
A federal judge expressed skepticism about the U.S. Securities and Exchange Commission's $150-million settlement with Bank of America Corp over the Merrill Lynch takeover...
8 Feb 2010
A proposed new U.S. government climate information service is meant to help businesses adapt to the impact of climate change and spur new technologies to cope with it...
8 Feb 2010
A U.S. financial crime agency has adopted a rule allowing local, state and foreign police agencies to seek information from American banks, despite opposition from industry groups...
8 Feb 2010
China National Offshore Oil Corp's likely acquisition of oil field assets in Africa should silence critics concerned that the country's top offshore oil producer has been sitting on too much cash for too long...
8 Feb 2010
Mexican media group Televisa has submitted a proposal to the country's anti-trust commission to acquire part of wireless phone operator Nextel's Mexico operation, a source at the commission said...
8 Feb 2010
Italian insurer Assicurazioni Generali and French bank Credit Agricole could unwind their shareholders' agreement on Italian bank Intesa Sanpaolo, resolving a long-running row with Italy's antitrust watchdog...
8 Feb 2010
Fairfax Financial Holdings Ltd will buy all the remaining shares of Zenith National Insurance Corp that it does not currently own for $38 a share, valuing the workers' compensation...
8 Feb 2010
CIT Group Inc said its new Chief Executive John Thain will get an annual base salary of $6 million, most of which is in stock, and a bonus of up to another $1.5 million, in a nod to compensation practices...
8 Feb 2010
Citigroup Inc has held talks with private equity groups and hedge funds over the sale of $3 billion in car loans in a move to clear troubled assets from its balance sheet, according to a report...
8 Feb 2010
Private equity firms Carlyle, BC Partners and Advent will shortly submit bids for German cable provider Kabel Deutschland, four people familiar with the matter said, as market volatility undermines plans for IPO...
8 Feb 2010
American International Group Inc on Monday named a KeyCorp vice chairman and financial services veteran to a newly created post overseeing finance, risk and investments...
8 Feb 2010
U.S. stock index futures pointed to a flat open on Monday as nagging worries about euro zone sovereign debt continued to weigh on sentiment…
8 Feb 2010
Canada's competition czar took aim at the Canadian Real Estate Association (CREA) on Monday to try to make it cheaper for consumers to list their homes on the Multiple Listing Service (MLS)…
8 Feb 2010
Brainhunter is engaged in consulting and engineering services with clients in government, telecom, BFSI, etc...
8 Feb 2010
Canpotex, the export arm of Canadian potash producers, said on Monday it has signed a deal to sell about 350,000 tonnes of potash to China's Sinofert at competitive prices…
8 Feb 2010
The euro edged higher against the dollar on Monday but stayed close to an 8-1/2 month low as a slight recovery in investors' appetite for risk offset worries about the fiscal health of some euro zone countries…
8 Feb 2010
BJ Services Co posted an unexpected quarterly loss as revenue fell 34 percent, but reported generally stable to slightly improved pricing in North America for its key oilfield pressure-pumping operation...
8 Feb 2010
Ontario pensioners of Nortel Networks Corp said on Monday they can rest easier after the provincial government pledged to provide funds that will help top up their modest…
8 Feb 2010
Dubai said on Friday that aid given to Dubai World was on commercial terms, after a report that collateral for further aid was delaying a deal to address the conglomerate's unmanageable debt burden…
8 Feb 2010
The global financial crisis has intensified a push for Islamic finance to "return to its roots" and move further away from conventional banking, but some warn that more originality could alienate investors...
8 Feb 2010
Sweden's Saab won EU regulatory approval on Monday for a state guarantee of a 400 million euro ($546 million) European Investment Bank loan, key to the carmaker's sale to Dutch peer Spyker by GM...
8 Feb 2010
Hollywood studio Lionsgate, a unit of Lions Gate Entertainment Corp, is looking to buy Walt Disney's Miramax film unit, the New York Post said, citing sources inside or close to Lionsgate...
8 Feb 2010
Singapore state investor Temasek said on Monday it priced its S$1 billion ($703.7 million) 10-year bond at 40 basis points above the Singapore dollar swap offered rate...
8 Feb 2010
A consortium led by Walt Disney Co s in advanced talks to buy into China's largest in-bus digitial media and advertising company, a deal that could offer the U.S. entertainment giant a new platform...
8 Feb 2010
Shares in Toyota Motor Corp edged higher after the head of the world's largest automaker made a public apology for safety problems and said it would bring in outside experts to review quality controls...
8 Feb 2010
India is expected to buy around 1.5 million tonnes of sugar until September, the managing director of Shree Renuka Sugars, India's largest refiner, told Reuters Insider...
8 Feb 2010
The abrupt resignation of SAP AG's chief executive Leo Apotheker put pressure on the group's stock on Monday as the market sought direction on where the world's largest business-software company is headed...
7 Feb 2010
Potash Corp of Saskatchewan bought an additional 1.4 percent of fertiliser and specialty chemicals maker Israel Chemicals (ICL), raising its stake to 13.9 percent, ICL said…
5 Feb 2010
Air Products and Chemicals Inc launched an unsolicited $5.1-billion cash bid to buy rival Airgas Inc on Friday in a move to create the largest industrial gas company in North America…
5 Feb 2010
U.S. securities regulators will consider short selling curbs in "coming weeks," Securities and Exchange Commission Chairman Mary Schapiro said...
5 Feb 2010
U.S. private equity firm Blackstone and British buyout firm Resolution Group have talked to National Australia Bank about teaming up for its possible bid for more than 300 Royal Bank of Scotland branches…
5 Feb 2010
Deutsche Telekom is mulling options for its undersized T-Mobile USA unit including an initial public offering (IPO) or spinoff, sources familiar with the company's thinking said…
5 Feb 2010
BTA Bank, the second-largest bank in Kazakhstan, sought bankruptcy protection in the United States to protect itself from U.S. creditors while it restructures $11.6 billion of debt at home...
5 Feb 2010
JPMorgan Chase & Co, which reported $11.7 billion in profit in 2009, awarded Chief Executive Jamie Dimon a compensation package worth about $16 million...
5 Feb 2010
Changes that Google Inc and the Authors Guild made to an ambitious plan to create a massive online library were inadequate because they fail to address antitrust and copyright concerns...
5 Feb 2010
U.S. securities regulators will consider short-selling curbs in coming weeks as well as ways to improve market surveillance, Securities and Exchange Commission Chairman Mary Schapiro said…
5 Feb 2010
Once Li Shufu, head of China's Zhejiang Geely Holding Group, closes the deal to buy Ford Motor's Volvo unit for up to $2 billion, the sedate, safety-conscious Swedish brand may be...
5 Feb 2010
Equity capital market bankers have high hopes for Europe's initial public offerings this year, but tepid investor interest so far could crush their optimism as deals get…
5 Feb 2010
Kraft Foods on Friday said it had 75.41 percent acceptances from Cadbury Plc shareholders by 1900 GMT on February 4 in its takeover of the British confectioner and will now move to delist Cadbury...
5 Feb 2010
Citigroup Inc Chief Executive Officer Vikram Pandit said the bank is seeking a Chinese partner to set up a local securities joint venture, the official Shanghai Securities News reported...
5 Feb 2010
Dubai World's investment arm, Istithmar, has sold its entire holding in Indian budget airline SpiceJet, the airline's spokeswoman said...
5 Feb 2010
British takeover vehicle Resolution said it was prioritising deals in the insurance sector, after a newspaper reported it might bid for parts of bailed-out lender Royal Bank of Scotland...
5 Feb 2010
Liberty International, Britain's biggest shopping mall owner, is looking at splitting its portfolio into two separate listed companies as it battles to bounce back from the worst property crash in decades...
4 Feb 2010
Banks and regulators hope that threats to "claw back" pay if trades later blow up will rein in risk taking on Wall Street, but bankers themselves and compensation experts are not so sure...
4 Feb 2010
New York's attorney general charged Bank of America Corp, former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for…
4 Feb 2010
Toronto-Dominion Bank said on Thursday it is moving its U.S. financial advisers from its main banking unit to discount brokerage TD Ameritrade as part of a plan to streamline its operations south of the border...
4 Feb 2010
Hollywood studios lost a landmark copyright court case against an Australia internet provider on Thursday, when a court ruled iiNet could not be held responsible for unauthorised downloads of...
4 Feb 2010
A hard-fought deal between Siemens and its former executives to recoup the costs of a corruption scandal could be crippled by shareholders who make a living by contesting shareholder meeting resolutions...
4 Feb 2010
As tech spending stages a comeback, industry giants like Hewlett-Packard Co and IBM are expected to scour the security software market for acquisitions that will boost their share of corporate IT budgets…
4 Feb 2010
Italy's Eni SpA is close to an agreement with the European Union over gas pipelines, a source close to the deal said, a move that could let the oil company avoid a hefty antitrust fine and regulatory pressure...
4 Feb 2010
U.S. radio broadcaster Citadel Broadcasting Corp filed a reorganization plan and disclosure statement in a New York bankruptcy court that will wipe out $1.4 billion of the company's debt...
4 Feb 2010
The chief of Malaysia's national energy giant Petronas is under pressure to prove he is more than an interim replacement for the respected and fiercely independent Hassan Marican who built it into a Fortune 100 company...
4 Feb 2010
Standard & Poor's on Thursday stripped Warren Buffett's Berkshire Hathaway Inc of its top AAA rating, saying its acquisition of Burlington Northern Santa Fe will hurt liquidity and capital adequacy…
4 Feb 2010
UK grocer Tesco, which has been accelerating its push into banking, is expected to take a 1.5 percent share of the UK retail banking market as early as 2013, propelling it into the top 10…
4 Feb 2010
Sports programming, a must-have for U.S. cable operators, could end up being the center of a battle between Comcast, NBC Universal and the companies' critics as regulators assess the joint venture's impact on consumers…
4 Feb 2010
Kraft Foods is planning to sell a minimum of $4 billion (2.5 billion pounds) in bonds in four parts on Thursday to help finance its $18.7 billion acquisition of British chocolatier Cadbury, IFR said...
4 Feb 2010
Uncertainty about state-owned Dubai World's $22 billion debt restructuring is starting to weigh on the credit again, pushing up bond yields and Dubai's debt insurance costs…
4 Feb 2010
Gulf Finance House, one of the leading investment firms in Bahrain, has been hit hard by a property market crash across large parts of the region…
4 Feb 2010
A new maritime oil field has been discovered in the emirate of Dubai, the office of the Gulf Arab Emirate's ruler said…
4 Feb 2010
The first few weeks of this year brought a surge of U.S. companies dropping the shackles of bankruptcy to emerge with lighter debt loads, a fresh business plan and new owners...
3 Feb 2010
Norway's Statoilplans to spin off and float its international chain of gas stations in the latest move by a major western oil company to reduce its exposure to low-margin fuel retailing...
3 Feb 2010
Bank executives are pushing western governments to co-ordinate a clampdown on bonuses to protect them from antitrust problems and ensure a level pay playing field for the industry...
3 Feb 2010
French automotive supplier Faurecia is to buy the German assets of parts manufacturer Plastal to boost its presence in Europe's biggest auto market...
3 Feb 2010
Former Novartis chief Daniel Vasella's 2009 bonus will be close to three times the amount he would be due based on relative earnings growth among large cap peers, a study showed...
3 Feb 2010
U.S. bond insurer Ambac Financial Group Inc said on Wednesday it adopted a shareholder rights plan to protect $4.5 billion of federal net operating losses that could greatly reduce its tax bills in the future...
3 Feb 2010
Diabetes testing products maker Home Diagnostics Inc said it agreed to be acquired by Japanese medical devices company Nipro Corp for about $215 million, or $11.50 per share…
3 Feb 2010
Movie Gallery Inc, the operator of Hollywood Video stores, has filed for Chapter 11 bankruptcy for the second time in less than three years and said it plans to close a "significant number" of…
3 Feb 2010
Privately-held telecom tower manager Tower Vision India Pvt Ltd said on Wednesday it had secured equity financing from eight international investors led by private equity firm Quadrangle Capital Partners.
3 Feb 2010
Movie Gallery is in bankruptcy protection for the second time in less than three years. Even back in 2007, it was apparent that the also-ran U.S. video rental store chain was losing a fight against entertainment and…
3 Feb 2010
Australian wealth manager AMP Ltd will not seek to extend its exclusive agreement with France's AXA SA on a joint $11.4 billion bid for AXA's Australian unit, sources said…
3 Feb 2010
Kuwait's Zain said its chief executive, Saad al-Barrak, had submitted his resignation but it gave no reason for the decision, highliting uncertainties over the sale of a controlling stake in the firm...
3 Feb 2010
Britain's consumer watchdog has asked for a say in the planned merger of the UK arms of France Telecom's Orange and Deutsche Telekom's T-Mobile, raising the chances of at least a delay to any deal...
3 Feb 2010
In 2007, Indian firms made $22.6 billion of overseas buys, not far behind China's haul. Outbound M&A last year was just $1.3 billion, while China spent $42.7 billion...
3 Feb 2010
British Airways and Iberia are on track to sign their merger agreement to create the world's third largest airline by revenue in the first quarter of 2010, the two carriers said...
3 Feb 2010
Dubai World's investment arm Istithmar has put port and shipping agent Inchcape Shipping Services up for sale for $600 million to $700 million and has attracted interest from private equity groups…
3 Feb 2010
U.S.-based Motorola Inc. said on Wednesday it had signed a multi-million dollar deal with Zain to expand the operator's mobile network into rural parts of Nigeria, Africa's most populous nation...
3 Feb 2010
Pearson's Financial Times has bought Medley Global Advisors, a provider of macroeconomic intelligence to hedge funds and banks, as it shifts emphasis from advertising-funded publications to subscription services...
2 Feb 2010
Singapore's ST Telemedia, a unit of investment company Temasek, is to buy Malaysian tycoon Vincent Tan's 33 percent stake in Malaysian 3G company U Mobile, the Star newspaper reported...
2 Feb 2010
Kraft Foods sealed its 11.7 billion pound takeover of Cadbury after 71.73 percent of the British group's shareholders accepted a deal to create the world's biggest confectioner...
2 Feb 2010
A court has dismissed a regulator's claims that Cohmad Securities Corp and three of its top executives helped the now imprisoned swindler Bernard Madoff conduct a $65 billion Ponzi scheme...
2 Feb 2010
Three U.S. private equity firms are on a shortlist to submit final bids for Morgan Stanley's $1 billion plus stake in China's top investment bank, three sources briefed on the bidding process said...
2 Feb 2010
PNC Financial Services Group said on Tuesday it will sell its investment servicing unit to Bank of New York Mellon for $2.31 billion, giving the regional bank cash it could use to pay back its government loans…
2 Feb 2010
Bankrupt Canadian newsprint producer AbitibiBowater Inc said its Bridgewater Paper Co Ltd (BPCL) unit filed for administration in the UK...
2 Feb 2010
State-owned conglomerate Dubai World, which is restructuring some $22 billion in debt repayments, has yet to arrive at a formal standstill agreement with its creditors…
2 Feb 2010
Costco Wholesale Corp has appointed a president and chief operating officer, and created an Office of the President, moves analysts said signal the No. 1 U.S. warehouse club operator is planning...
2 Feb 2010
Gulf Finance House (GFH) scrambled on Tuesday to renegotiate a $300 million loan due next week as credit rating agency Standard & Poor's slapped it with its third downgrade in 10 weeks...
2 Feb 2010
German media group Bertelsmann said it was offering to spend up to 270 million euros ($376 million) buying back profit participation certificates issued in 2001, to make its capital structure more efficient...
2 Feb 2010
British fashion retailer New Look unveiled long-awaited plans to return to the stock market, saying it hoped to raise 650 million pounds ($1 billion)to reduce its debts and free it up to expand at home and abroad...
2 Feb 2010
Spyker Cars said it is still seeking financing for its acquisition of Saab after it set an ambitious target of returning the ailing Swedish auto brand to profit by 2012...
2 Feb 2010
Dubai government-owned Emirates airline, the largest customer for the Airbus A380 superjumbo, said on Tuesday funding its aircraft purchases was not a problem and it would post solid results for 2009...
2 Feb 2010
Banks should not be forced to shift privately-negotiated derivatives transactions onto exchanges, Britain's Financial Services Minister, Paul Myners, said...
2 Feb 2010
The Bahraini Stock Exchange suspended trading in shares of Manama-based Gulf Finance House GFHB.BH on Tuesday as it waited for the bank to confirm or deny a media report…
2 Feb 2010
South Korea's National Pension Service said on Tuesday it planned to buy a 12 percent stake in London's Gatwick Airport for around 100 million pounds to increase investment in alternative assets...
2 Feb 2010
Clean technology companies welcomed nearly $2.4 billion for the sector in the Obama administration's proposed budget released on Monday, but some industry watchers said it wasn't enough for...
1 Feb 2010
Toyota Motor Corp detailed plans on Monday to fix 2.4 million vehicles equipped with faulty accelerators in the United States as the first lawsuits landed claiming the…
1 Feb 2010
Russia and Venezuela will invest $20 billion over 40 years in a giant Venezuelan oilfield to produce almost half a million barrels per day of oil that can be shipped to U.S. markets...
1 Feb 2010
Vivendi's loss of a class-action lawsuit in the United States on Friday could dampen its appetite for acquisitions, but is not likely to threaten its dividend or credit rating this year...
1 Feb 2010
Citigroup Inc plans to sell or spin-off its $10 billion Citi Private Equity unit in order to cut its debt, Bloomberg reported on Sunday, citing people familiar with the matter…
1 Feb 2010
The Reserve Primary fund, a money market fund whose value dropped below $1 per share after Lehman Brothers Holdings Inc went bankrupt, has made a final $3.4 billion distribution to shareholders...
1 Feb 2010
Boston Scientific Corp said on Monday it will pay $1.73 billion to Johnson and Johnson to settle three patent disputes involving heart stents that date back to 2003...
1 Feb 2010
A major shareholder of the Chinese company buying General Motors' Hummer brand said on Monday he hopes the $150 million deal can be approved by regulators this spring…
1 Feb 2010
President Barack Obama estimated the cost of a popular stimulus bond program at $2.94 billion for fiscal year 2010 and $3.196 billion for 2011 in the budget he proposed…
1 Feb 2010
Shareholders of Hynix Semiconductor have extended the deadline for preliminary bids for a controlling stake in the memory chip maker, in their latest efforts to find a buyer before turning to market sales…
1 Feb 2010
Brazilian sugar and biofuel giant Cosan plans to merge its ethanol and fuel distribution units with Royal Dutch Shell in a deal worth up to $12 billion, extending a trend of growing foreign investment in…
1 Feb 2010
Reader's Digest Association Inc said on Monday it would delay its emergence from bankruptcy after Britain's pension regulator said it would not approve the publisher's agreement with pension fund trustees…
1 Feb 2010
U.S. drugmaker Cephalon Inc said on Monday it will buy Mepha AG, the Swiss generic drugmaker owned by Germany's Merckle family, for about $590 million…
1 Feb 2010
Braskem, Latin America's largest petrochemical company, said on Monday that it would buy the chemicals unit of U.S.-based refinery Sunoco Inc for $350 million…
1 Feb 2010
Douglas Dynamics Inc, which makes snow plows and salt spreaders for light trucks, filed for an initial public offering of up to $150 million…
1 Feb 2010
Travel service company Travelport Inc on Monday announced a price range for its $1.78 billion (1.12 billion pound) London listing, valuing the company's equity at between…
1 Feb 2010
Port operator DP World, DPW.DI part of Dubai World DBWLD.UL conglomerate, is considering a A$1 billion ($884 million) initial public offering (IPO) by spinning off some…