NEWS
July 2010
30 Jul 2010
A backlog of Canadian companies are eager to go public, but as the downsizing of MEG Energy's IPO this week suggests, demand remains fragile as the market struggles to...
30 Jul 2010
Britain's largest surface coal mining company Scottish Resources has delayed its plan to float, joining other potential IPOs that have been postponed or foundered in a market that remains challenging...
30 Jul 2010
New York Attorney General Andrew Cuomo has subpoenaed six additional insurers as the state widens a probe into possible fraud in the life insurance industry...
30 Jul 2010
Walt Disney Co has agreed to sell Miramax, the studio behind such films as "Trainspotting" and "No Country for Old Men," for more than $660 million to Filmyard Holdings LLC...
30 Jul 2010
The lure of Islamic bonds appears to be wearing off for conventional borrowers in the Gulf, even as the global industry grows, with high-profile defaults and rising costs souring their appeal...
30 Jul 2010
Australia's GrainCorp has agreed to buy smaller rival AWB in an A$855 million ($769.6 million) surprise deal to bulk up against big global rivals like Bunge Ltd, Cargill and Glencore...
30 Jul 2010
Billionaire Li Ka-shing has offered to buy UK power grids from France's EDF for 5.8 billion pounds ($9.1 billion), giving his companies a foothold in more lucrative overseas markets...
29 Jul 2010
A patchy recovery in the United States is a big industry concern, in particular for Japanese carmakers, which rely heavily on that market for profits…
29 Jul 2010
Google Inc said its earlier report that Internet search services in China were being fully blocked could have been the result of a technical glitch that overstated the problem...
29 Jul 2010
The Securities and Exchange Commission charged billionaire Samuel Wyly and his brother Charles with fraud for reaping more than $550 million of illicit gains by trading stock in four companies...
29 Jul 2010
Toyota Motor Corp is considering offering cash incentives of 50,000 yen ($580) per car to its dealers throughout Japan from Oct. 1, the Tokyo Shimbun newspaper reported...
29 Jul 2010
Bank regulators have issued a final rule that would require mortgage loan originators to register with a national registry of mortgage loan originators as part of...
29 Jul 2010
The Justice Department said it sued Oracle Corp, alleging it defrauded the federal government on a software contract in effect from 1998 to 2006 that...
29 Jul 2010
Citigroup Inc will pay $75 million to settle charges that it failed to disclose to investors $40 billion in subprime exposure in 2007, the Securities and Exchange Commission said...
29 Jul 2010
Volkswagen will keep adding to its more than $20 billion cash pile as it girds for an acquisition spree that could help it overtake Toyota as the world's number one carmaker before the decade is out...
29 Jul 2010
More than 2,000 miles from the Gulf of Mexico shoreline, lawyers were set to argue before a judicial panel on how hundreds of spill-related lawsuits against BP Plc should be merged...
29 Jul 2010
China's Ministry of Commerce has approved a plan by the parent of Geely Automobile to acquire Ford's Volvo unit, the official Xinhua news agency said...
29 Jul 2010
Clearwire Corp has agreed to rent space on its network to Best Buy Co Inc so that the electronics retailer can sell wireless services directly to consumers, the companies said...
29 Jul 2010
Hertz Global Holdings Inc is reviewing Avis Budget Group Inc's bid for Dollar Thrifty Automotive Group, a company spokesperson told Reuters...
29 Jul 2010
Japan's Panasonic Corp said it would buy out subsidiaries Sanyo Electric and Panasonic Electric Works for up to $9.4 billion in cash and shares to accelerate its push into greener businesses...
29 Jul 2010
Britain's PartyGaming and Austria's bwin unveiled a deal to create a $3.3-billion online gaming business, positioning them to profit from any deregulation of a lucrative U.S. market...
29 Jul 2010
Russia will open its most ambitious privatization programme since the 1990s to foreign investors, its economy minister said, while the government gave its initial approval to the...
29 Jul 2010
The Financial Services Authority regulator is planning tougher curbs on bankers' bonuses following plans by the European Union to clamp down on remuneration in the sector following the credit crisis...
29 Jul 2010
Pay-TV firm BSkyB added 90,000 customers in the fourth quarter on surging demand for high definition services, and sees new American dramas fuelling growth ahead of a possible takeover...
29 Jul 2010
Metro Bank, Britain's first new High Street retail bank in more than 100 years, opened for business with high hopes of breaking into a sector shaken up by the global credit crisis...
29 Jul 2010
Indonesia expects foreign direct investment to rise more than expected this year, as new and existing investors are drawn by strong consumer demand and increased stability in Southeast Asia's biggest economy...
29 Jul 2010
Saudi Aramco has signed contracts with international firms to build a multi-billion dollar refinery at Yanbu on Saudi Arabia's Red Sea coast...
28 Jul 2010
Malaysian billionaire Ananda Krishnan is set to buyout utilities and gaming company Tanjong Plc, the second of his listed firms in three days in a deal worth 4.4 billion ringgit ($1.38 billion)...
28 Jul 2010
British media buying group Aegis is in late stage talks to buy Mitchell Communication Group, its Australian rival, for 200 million pounds ($312.4 million), the Daily Telegraph said...
28 Jul 2010
Alex Rodriguez, the New York Yankees third baseman, has objected to the Texas Rangers' proposed bankruptcy plan on concern he may not be paid the $24.9 million of...
28 Jul 2010
The IMF has softened its criticism of China's currency regime in recognition of Beijing's efforts to free up its exchange rate but the move showed a split among the Fund's member countries...
28 Jul 2010
A New York judge put two shareholder lawsuits against executives and directors of Goldman Sachs Group Inc on hold until progress is made on 16 other lawsuits related to a...
28 Jul 2010
HealthGrades Inc, which provides ratings and profiles on hospitals, nursing homes and physicians, agreed to be acquired by Vestar Capital Partners, a private equity firm...
28 Jul 2010
A day after BP said it would sell $30 billion in assets to pay for its Gulf of Mexico oil spill, the focus shifted to what is for sale, while lawyers prepared to tackle a mountain of claims for damages...
28 Jul 2010
After years of seeking a cost-cutting merger in stainless steel, ArcelorMittal is giving up the fight and says it wants to spin off its activities instead...
28 Jul 2010
Industrial & Commercial Bank of China, the world's most valuable bank, plans to raise up to 45 billion yuan ($6.64 billion) through a rights offer, the latest in a...
28 Jul 2010
Casey's General Stores said it would buy back $500 million worth of common stock as part of a recapitalization plan that could derail Canada's Alimentation Couche-Tard Inc's...
28 Jul 2010
ConocoPhillips, the third-largest U.S. oil company, said it will sell its entire stake in Russian oil major Lukoil in a bid to boost shareholder returns and reported better-than-expected quarterly profit...
28 Jul 2010
Spain's Telefonica has won its battle for a bigger share of the burgeoning Brazilian market, raising its offer for Portugal Telecom's stake in mobile operator Vivo to...
28 Jul 2010
Brazilian phone giant Oi said that Portugal Telecom would pay 8.44 billion reais ($4.77 billion) for stakes in the company and two operating units, as part of a broader plan to expand in Latin America and Africa...
28 Jul 2010
It's a case that has left Warren Buffett's Dairy Queen business cold...
28 Jul 2010
Several U.S. government agencies are preparing a criminal probe of at least three companies involved in the massive oil spill in the Gulf of Mexico, though it could take more than a...
28 Jul 2010
Cable operator Virgin Media has launched a share buyback to reflect its growing confidence, after adding a better-than-expected 9,100 new customers in its traditionally tough second quarter...
28 Jul 2010
RealPage Inc filed with U.S. regulators to raise up to $189 million in an initial public offering of its shares...
28 Jul 2010
BAE Systems and Rolls-Royce will supply India with 57 Hawk military training jets in a deal worth around 700 million sterling ($1.09 billion)...
28 Jul 2010
Shares of Aluminum Corp of China Ltd (Chalco) were suspended, as its state-run parent said it would hold a signing ceremony on Thursday likely to be attended by Rio Tinto executives...
28 Jul 2010
Spain's Telefonica appears to have won its long battle for a bigger share of the Brazilian market after raising its offer for Portugal Telecom's stake in mobile operator Vivo to 7.5 billion euros...
28 Jul 2010
British Prime Minister David Cameron tried to persuade India to do more business with Britain as he seeks new sources of economic growth to offset deep cuts in public spending at home...
28 Jul 2010
Aviva Plc, Britain's second largest insurer, wants to boost its stake in its Indian joint venture to 49 percent as soon as regulations allow, its chief executive told Reuters in an interview...
28 Jul 2010
Billionaire financier George Soros is in advanced talks to buy a 4 percent stake in Bombay Stock Exchange (BSE) for $35-$40 million...
28 Jul 2010
Egyptian real estate firm SODIC, seeking new land near its flagship Allegria project, said it had bid for 410 feddans (426 acres) in the Cairo suburb of Sheikh Zayed City...
28 Jul 2010
Hess Corp said it will acquire American Oil & Gas Inc in a stock deal worth about $445 million and boost its acreage in the North Dakota Bakken shale oil play...
28 Jul 2010
Dubai's pledge to cover gaps in Dubai World's debt repayment plan has become a sticking point for lenders, some of whom want state guarantees to fall under British -- not local -- law...
27 Jul 2010
A botched share swap last month in which 10 times more US Bancorp shares were issued than planned, angering and confusing investors, led the NYSE to cancel three days of trades in the stock...
27 Jul 2010
Walt Disney Co will acquire start-up Playdom Inc for $563.2 million, as the media giant aims to take a leading role in the fast-growing market for games played on...
27 Jul 2010
Casino operator MGM Resorts International plans to sell the land under its joint-venture Borgata resort in Atlantic City, New Jersey, for about $73 million...
27 Jul 2010
Corporations in the United States are in "much better shape" than the market is pricing, and present strong growth opportunities even if the economy slips into a "double dip" recession...
27 Jul 2010
Brasoil Exploration, which is exploring for oil and gas resources in Brazil, aims to raise about C$150 million ($144 million) in an initial public offering to...
27 Jul 2010
UCI International Inc filed with U.S. regulators to raise up to $200 million in an initial public offering of common stock...
27 Jul 2010
The following are lists of upcoming high-grade and high-yield corporate bond offerings in the United States...
27 Jul 2010
Car rental company Avis Budget Group Inc said it amended a credit facility to secure financing for a potential offer for smaller rival Dollar Thrifty Automotive Group Inc...
27 Jul 2010
Private equity firms Clayton, Dubilier & Rice and Goldman Sachs' unit GS Capital Partners are to buy medical products provider HGI Holdings from another buyout firm...
27 Jul 2010
Russian metals giant Norilsk Nickel said it was ready to publish all the ballots cast in the board elections to counter allegations from UC RUSAL that it had manipulated the results...
27 Jul 2010
General Electric Co will pay $23.4 million to settle charges that executives bribed Iraqi government officials to win contracts, the U.S. Securities and Exchange Commission said...
27 Jul 2010
European Union competition regulators launched two anti-trust investigations against International Business Machines Corp, suspecting it of abusing its dominant position in the mainframe computer market...
27 Jul 2010
BP Plc said the U.S. markets regulator Securities and Exchange Commission and the Justice Department had launched a probe into market trading connected to the oil giant's Gulf of Mexico oil spill...
27 Jul 2010
The court-appointed examiner investigating Tribune Co's bankruptcy said he had found some evidence of dishonesty in the 2007 leveraged buyout of the media company by real estate developer Sam Zell...
27 Jul 2010
U.S. housing data boosts global stocks...
27 Jul 2010
Goldman Sachs said it is launching a service to facilitate central clearing for clients in all listed and privately traded derivatives asset classes...
27 Jul 2010
Major international banks Goldman Sachs and Credit Suisse have bought small stakes in state-run Bank of Moscow, an encouraging sign for Russia as it...
27 Jul 2010
Investors are alleging more losses than ever before when they sue companies for securities fraud, though the pace of such lawsuits seeking class-action lawsuits has...
27 Jul 2010
The billionaire Barclay brothers sold their 10.4 percent stake in InterContinental Hotel Group Plc for 335 million pounds ($520 million), sending shares in the...
27 Jul 2010
JFE Holdings Inc, the world's No.5 steelmaker, will spend about $1 billion for a 14.9 percent stake in India's JSW Steel Ltd, in an attempt to...
27 Jul 2010
UAL Corp and Continental Airlines Inc said that John Tague, president of UAL's United Airlines, and UAL Chief Financial Officer Kathryn Mikells will leave the company following the close of...
27 Jul 2010
Tomkins Plc, the British maker of car parts, industrial hoses and bath tubs, backed a 2.9 billion pounds ($4.50 billion) takeover offer from Canadian investors that...
27 Jul 2010
Merck & Co said it struck a deal with Sinopharm Group Co Ltd to market the U.S. drugmaker's cervical cancer vaccine and other vaccines in China...
27 Jul 2010
Two telecom operator-backed software groups are merging to counter increasing competition from new rivals Google and Apple for mobile phone applications...
27 Jul 2010
) The new laws are part of the west's latest attempt to pressure Tehran to drop its nuclear enrichment program, limit financial transfers and ban deals with the...
27 Jul 2010
Over one-third of investors expect Europe's banks to raise significant capital in the next six months following a health check that forced little fundraising but...
27 Jul 2010
DP World, part of the Dubai World conglomerate at the centre of the emirate's debt troubles, said better-than-expected container volumes will help boost profits in...
27 Jul 2010
Health insurer Centene Corp posted second-quarter earnings that beat Wall Street estimates, helped by membership growth in each of its states, and raised its...
27 Jul 2010
The former finance director of Northern Rock, the British bank which nearly collapsed during the credit crisis and had to be nationalised, received a hefty fine for mis-reporting mortgage arrears figures...
27 Jul 2010
French banks looked to benefit the most from a scale-back of looming capital requirements known as Basel III as investors pushed their shares to 2-1/2 month highs, leading a sector-wide advance...
27 Jul 2010
Angel Broking, a stock broking and wealth management firm, is in talks with private equity firms to raise as much as 3 billion rupees ($64 million), said three sources with direct knowledge of the matter...
27 Jul 2010
Encana Corp, Canada's biggest natural gas producer, reported a net loss on Wednesday while a drop in gas prices pushed operating profit well below expectations...
27 Jul 2010
BP Plc named American Bob Dudley as its next CEO, saying Tony Hayward would stand down after his gaffe-prone handling of the worst oil spill in U.S. history that triggered a $17 billion...
27 Jul 2010
India's central bank raised interest rates more forcefully than expected in the face of inflation that has held stubbornly above 10 percent for the past five months...
27 Jul 2010
Ageas, formerly known as Fortis, has agreed to sell its Turkish insurance business to BNP Paribas, a further step in the Belgium-based group's streamlining of its operations...
27 Jul 2010
Kazakhstan aims to handle half of the Caspian Sea's commodity cargoes by 2013 after expanding its fleet of oil tankers with the help of private investors...
26 Jul 2010
Chinese developer Shimao Property Holdings said it hired banks to help arrange a series of meetings with investors ahead of a planned dollar bond issue…
26 Jul 2010
China's banking regulator has run stress tests in the country's trust firms to see if they can withstand a downturn in the property sector, the Economic Observer reported on Saturday, citing unidentified industry sources…
26 Jul 2010
Japanese government bonds were little changed in a market struggling to find short-term cues after the results of European bank stress tests and ahead of economic data at...
26 Jul 2010
Online travel company MakeMyTrip Ltd filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock...
26 Jul 2010
Canada's Samuel Manu-Tech Inc said it agreed to go private following a C$68 million deal with its largest shareholder, Samuel Son & Co Ltd, which has offered to...
26 Jul 2010
A potential multibillion-dollar judgment against Vivendi SA for misleading shareholders hung in the balance as a Manhattan judge weighed whether a...
26 Jul 2010
The U.S. Securities and Exchange Commission said Goldman Sachs Group Inc will be allowed to continue to issue securities after settling civil fraud charges earlier this month...
26 Jul 2010
Qatar Telecom faces an unspecified fine and possible further legal action over violations during its launch of Virgin Mobile services into the Gulf state...
26 Jul 2010
DLF is buying out the stake held by Dubai World's property arm in an equal joint venture in India for about 2 billion rupees ($43 million)...
26 Jul 2010
Dubai World warned that lenders, aside from the government's own support fund, would face a "significantly" worse deal if its debt plan fails and it is forced to seek liquidation...
26 Jul 2010
Pace, the world's largest set-top box maker, has agreed to buy U.S. broadband technology firm 2Wire for $475 million to broaden its customer base beyond cable and satellite into the Internet TV market...
26 Jul 2010
BC Partners has agreed to sell French frozen-food firm Picard Surgeles to rival Lion Capital, highlighting the keen appetite of private equity firms to strike deals in the recession-resilient food industry...
26 Jul 2010
Billionaire Carl Icahn accused Canadian-headquartered Hollywood studio Lions Gate Entertainment Corp of using "scorched-earth" tactics to thwart his takeover bid for the company, and pledged legal action...
26 Jul 2010
Shares of the company rose 25 percent to 99 cents before paring gains to trade 14 percent up at 91 cents on Nasdaq...
26 Jul 2010
Bankrupt Canadian newsprint producer AbitibiBowater Inc said it repaid $166 million of its debtor-in-possession loan following an improvement in market conditions and...
26 Jul 2010
Malaysian state investor Khazanah trumped India's Fortis Healthcare in a takeover battle for Singapore's Parkway with an offer that values Asia's biggest listed hospital operator at $3.3 billion...
26 Jul 2010
William Chase, owner of the only premium potato-based vodka distillery in Britain, plans to take on much larger, mass-produced luxury brands in the U.S. market, Chase told Reuters...
26 Jul 2010
China Everbright Bank's plan to raise up to $2.9 billion in a Shanghai IPO has been approved by the securities regulator, two sources said, in what will be the latest Chinese bank to try and...
26 Jul 2010
The European Union's new financial supervisory bodies should not be able to directly regulate a domestic bank, a government minister said...
26 Jul 2010
Britain's FTSE 100 .FTSE index is seen opening up 30-44 points, or as much as 0.8 percent higher on Monday, according to financial bookmakers, bouncing back after a...
26 Jul 2010
Carlyle Group has agreed to sell Kbro, Taiwan's largest cable TV operator, to the controlling shareholder of Taiwan Mobile in a deal worth about...
26 Jul 2010
The BlackBerry, made by Canada's Research In Motion, is open to misuse that poses security risks to the United Arab Emirates, which said on Sunday it would seek to safeguard its consumers and laws...
26 Jul 2010
Bahrain plans to privatise national carrier Gulf Air as soon as possible encouraged by positive results in its restructuring...
26 Jul 2010
The Egyptian unit of Vodafone may have overtaken Mobinil last quarter as the country's largest provider of mobile phone subscriptions...
26 Jul 2010
Kuveyt Turk Katilim Bankasi, the Islamic lender majority held by Kuwait Finance House, plans to launch a three-year, $100 million Islamic bond offering in the first half of August…
25 Jul 2010
The African Union said Africa must turn ever more to China for its development because conditions and checks often stalled the flow of funds from Western nations and the World Bank…
25 Jul 2010
Taiwan's Tsai family, which controls Taiwan Mobile, will buy Carlyle Group's Taiwan cable TV unit Kbro in a T$65 billion ($2 billion) deal, local media reported...
25 Jul 2010
A groundbreaking $9 billion agreement signed by Egypt this week should help it meet growing domestic and foreign gas commitments by boosting supplies and encouraging new exploration...
25 Jul 2010
Vodafone Qatar and Qatar Telecom on Saturday both welcomed a ruling by regulators in a dispute over Virgin Mobile's entry to the local market, but there were signs the battle may have further to run...
25 Jul 2010
German airport operator Fraport is in talks with a Chinese partner as it seeks expansion opportunities overseas, the German firm's chief financial officer told Frankfurter Allgemeine Sonntagszeitung...
24 Jul 2010
Indian Prime Minister Manmohan Singh reiterated his prediction headline inflation would ease to 6 percent by December, a forecast more optimistic than that...
23 Jul 2010
Magna International said that about three-quarters of its subordinate shareholders approved a deal that would pay founder Frank Stronach upwards of...
23 Jul 2010
Seven European banks would not be strong enough to withstand another recession and would face a capital shortfall of 3.5 billion euros ($4.5 billion), tests run in an attempt to revive investor confidence...
23 Jul 2010
Gold miner Kinross is set to rake in a windfall from the sale of its stake in diamond miner and retailer Harry Winston and its interest in the Diavik diamond mine in Canada's far north...
23 Jul 2010
British aircraft engine maker Rolls-Royce said it secured $1.7 billion in orders at the Farnborough Airshow, including deals for its Trent 700 engine, the leading engine for the Airbus A330...
23 Jul 2010
China's Chery Automobile Co said on Friday it was unaware of a U.S. case of alleged theft of GM technology that had been linked to the Chinese firm...
23 Jul 2010
With the results of stress tests on 91 European banks looming, financial institutions have been coming up with their own scenarios of what to expect...
23 Jul 2010
Several Spanish savings banks fail stress test - report...
23 Jul 2010
Indian shares rose to their highest level in two-and-a-half years, bouyed by a rally in world equities and better-than-expected quarterly earnings by outsourcer Wipro...
22 Jul 2010
One of the toughest struggles in the negotiations was just how interwoven Volvo had become with the wider Ford Motor Group including safety and in-car-entertainment equipment...
22 Jul 2010
CITIC Group is considering a $12 billion listing in Hong Kong, a move that can help the state-owned conglomerate raise its profile and reduce debt...
22 Jul 2010
JFE Holdings Inc, Japan's second-biggest steelmaker, plans to invest about $1 billion in India's JSW Steel Ltd, Bloomberg reported, citing a person with knowledge of the deal...
22 Jul 2010
Sumitomo Mitsui Banking Corp is considering investing in and possibly acquiring major banks in North America, the Nikkei business daily reported...
22 Jul 2010
Efforts to enhance disclosure and governance have continued unabated in Malaysia as regulators aimed to promote transparency, quality and efficiency in the capital market...
22 Jul 2010
Dell Inc said it has agreed to a $100 million settlement with the U.S. Securities and Exchange Commission following an...
22 Jul 2010
The State Bank of India sold $1 billion of five-year notes, said IFR, a Thomson Reuters service...
22 Jul 2010
A federal appeals court said Mattel Inc was wrongly granted ownership of the popular Bratz dolls, a decision that could lead to a new trial over control of the estimated $1 billion franchise...
22 Jul 2010
Alimentation Couche-Tard Inc said it raised its hostile takeover bid for rival Casey's General Stores to $1.88 billion, in a renewed attempt to clinch a deal with the U.S. convenience store chain...
22 Jul 2010
Some of the world's largest tobacco companies showed this week that even in a sluggish global economy they have the power to raise prices in most countries and beat earnings expectations...
22 Jul 2010
The U.S. Commodity Futures Trading Commission said it will provide more information on positions held by large traders in financial futures markets, part of its push to boost transparency...
22 Jul 2010
The trustee overseeing liquidation of Bernard Madoff's investment firm demanded more than $3.6 billion in damages in an expanded lawsuit against a hedge fund firm and individuals whom he said...
22 Jul 2010
Euramax Holdings Inc filed with U.S. regulators to raise up to $175 million in an initial public offering of common stock...
22 Jul 2010
At least two issuers, including Ford Motor Credit, have pulled planned asset-backed bond sales from the market this week, as issuance remains paralyzed by a twist in the...
22 Jul 2010
New York has filed two lawsuits over Bank of America Corp's takeover of Merrill Lynch & Co and Merrill's subprime mortgage exposure, believing it can recover more by suing on its own than...
22 Jul 2010
International Paper announced today that it reached agreement to sell 163,000 acres of properties located in the southeastern United States for...
22 Jul 2010
General Motors Co said it would acquire auto finance company AmeriCredit Corp for $3.5 billion in cash in a deal aimed at easing financing terms for subprime car shoppers...
22 Jul 2010
In a filing with the U.S. Securities and Exchange Commission, the transportation services company said that Morgan Stanley, BofA Merrill Lynch and Wells Fargo Securities are...
22 Jul 2010
Dutch company NXP Semiconductors N.V. filed with U.S. regulators for a $663 million initial public offering of its shares...
22 Jul 2010
Investment banks are once again luring top rival talent with generous guaranteed pay packages that may convince a top banker to jump ship, while also inviting scrutiny from regulators across the globe...
22 Jul 2010
British publisher Pearson Plc is investing 888 million Brazilian reais ($499 million) to partner with Sistema Educacional Brasileiro, more than doubling the size of its education business in Brazil...
22 Jul 2010
Syngenta, the world's biggest agrochemicals company, expects its net profit to be down this year as a late start to the farming season following a harsh winter and higher taxes weigh...
22 Jul 2010
Struggling state firm Dubai World is ready to use a special tribunal to force rebel lenders into line on plans to delay repayment of $14.4 billion in debts...
21 Jul 2010
Paulson & Co, the hedge fund linked to civil fraud charges against Goldman Sachs, will launch a new fund open to retail investors...
21 Jul 2010
U.S. lawmakers called for tough new measures to punish China for its failure to stop widespread piracy and counterfeiting of U.S. goods ranging from music CDs to manufactured products…
21 Jul 2010
U.S. mobile phone maker Motorola Inc sued former employees and rival Huawei Technologies Co and Lemko Corp, alleging they conspired to steal trade secrets...
21 Jul 2010
Baidu Inc, China's dominant online search engine, said it expected its traffic acquisition costs to remain at current levels, following a sharp drop over the last year...
21 Jul 2010
Private equity firm TPG Capital is investing $300 million in natural gas company Copano Energy, which it will use to fund shale gas production developments...
21 Jul 2010
U.S. securities regulators said they will propose a cap on mutual fund marketing fees, a move that could reduce costs for investors and put a dent in brokerage and...
21 Jul 2010
A curious trend is developing among powerful sovereign and state-backed investment funds: despite being super rich in mainly oil-generated wealth...
21 Jul 2010
British defense group BAE Systems is seeing unprecedented levels of interest from Middle East and Asian customers and is close to sealing a 500 million pound ($765.2 million) deal to sell Hawk jets to India...
21 Jul 2010
Algeria is considering tightening its rules on how the price is set when the state buys a foreign-owned firm, a step which could cost Egypt's Orascom Telecom billions of dollars...
21 Jul 2010
President Barack Obama signed into law the most comprehensive financial regulatory overhaul since the Great Depression and vowed there will be no more taxpayer-funded bailouts for Wall Street...
21 Jul 2010
Australia-based Paladin Energy Ltd said it plans to make an offer to buy out the remaining shares of NGM Resources it does not already own for about...
21 Jul 2010
British satellite broadcaster BSkyB has agreed to sell its business-to-business telecoms unit Easynet for 100 million pounds ($153 million) to LDC, a British private-equity firm backing Easynet's management...
21 Jul 2010
Amaya Gaming Group, a Montreal-based developer of technologies for online gambling, said it raised C$5 million ($4.81 million) in an initial public offering it made to finance growth...
21 Jul 2010
Pivotal talks this week on restructuring the debts of Dubai World could be a trigger for investors to return to the Gulf region, under a cloud since the...
21 Jul 2010
Altria Group Inc, the largest U.S. tobacco company, raised its full-year profit forecast, saying its performance in the first half of 2010 had exceeded its own expectations...
21 Jul 2010
Consumer goods group Reckitt Benckiser agreed to buy Durex condoms and Scholl sandals maker SSL for 2.54 billion pounds ($3.8 billion) to increase its presence in health and personal care...
21 Jul 2010
The European Union appealed on Wednesday against a World Trade Organization ruling condemning its subsidies for Airbus, prolonging a dispute with the United States for at least several more months...
21 Jul 2010
British lender Royal Bank of Scotland confirmed it had placed an order worth over $7.6 billion at list prices for 52 Airbus A320 family aircraft and 43 Boeing 737 family aircraft...
21 Jul 2010
The conditions look ripe -- debt markets are up, companies' valuations soft -- but foreign private equity firms eyeing deals in Australia may now have to put their plans on...
21 Jul 2010
The U.S. securities regulator was aware of Wall Street's potentially questionable accounting practice of classifying repurchase agreements as sales instead of borrowings long before the...
21 Jul 2010
Emirates Telecommunication Corp., the Arab world's second-largest telecom operator by market value, said on Tuesday it will invest $163 million in an expansion of its Sri Lankan network...
20 Jul 2010
AIA, the Asian life insurance unit of American International Group, is seeking backing from potential investors to cut ties with its U.S. parent by listing more than half its equity in the Hong Kong market….
20 Jul 2010
PCCW and its chairman's privately owned fund plan to rescue debt-laden Vivacom, Bulgaria's biggest fixed-line operator, by jointly investing 180 million euros ($232 million) in return for a 51 percent stake...
20 Jul 2010
The educational and career enhancement services provider said it hopes to sell 10.7 million American Depositary Shares for between $10 and $12 each...
20 Jul 2010
Facebook may continue business as usual while it fights a New York man's claim he has a contract with founder Mark Zuckerberg that entitles him to 84 percent ownership of...
20 Jul 2010
A South Korean consortium including KR Plant Service & Engineering Co, has secured a $1 billion order from Saudi Arabia to lay optical cables underground, a state trade agency said...
20 Jul 2010
BP Plc said it had reached a deal to sell $7 billion in assets to Apache Corp as it tries to raise money to deal with the Gulf of Mexico oil spill...
20 Jul 2010
Extended Stay America Inc moved closer to emerging from bankruptcy as a judge confirmed the hotel chain's plan of reorganization in which an...
20 Jul 2010
The Securities and Exchange Commission is in the midst of more probes stemming from the financial crisis, its chairman said, a week after Goldman Sachs settled fraud charges for...
20 Jul 2010
British online grocer Ocado has cut the price of its initial public offering to win over investors who balked at the company's valuation, which is still higher than where sceptics think it should be...
20 Jul 2010
Billionaire investor Carl Icahn renewed a hostile takeover bid for Lions Gate Entertainment Corp but at a lower price, ending a 10-day truce in a drawn-out battle for the Hollywood studio...
20 Jul 2010
Banks worldwide need to strengthen their balance sheets to stabilize the financial system, senior U.S. regulators said...
20 Jul 2010
Diversified manufacturer Griffon Corp said it would buy lawn and garden tools maker Ames True Temper from private equity firm Castle Harlan for $542 million in cash...
20 Jul 2010
Nokia Siemens Networks has won an eight-year contract worth more than $7 billion in the United States, a deal analysts said could be the largest order ever placed in the mobile telecoms gear industry...
20 Jul 2010
Goldman Sachs Group Inc posted lower second-quarter earnings, hurt by its settlement of U.S. Securities and Exchange Commission civil fraud charges and the UK tax on bank executive bonuses...
20 Jul 2010
Dubai aims to set up an alternative stock market for small-to-medium sized firms in a bid to create more exit options for the region's private equity sector...
20 Jul 2010
A panel of capital markets regulator Securities and Exchange Board of India set the stage for overhauling the corporate takeover code, potentially making deals more...
20 Jul 2010
Goldman Sachs executive Fabrice Tourre denied fraud and other accusations by U.S. regulators for his role in marketing a subprime mortgage product and asked a court to dismiss the case...
20 Jul 2010
Private equity deals have spiked in recent months with a spate of assets changing hands as funds face pressure to spend capital raised in the boom and...
20 Jul 2010
British mobile email software developer Synchronica said it agreed to buy Canadian peer iseemedia for about 5.3 million pounds ($8.1 million) in an all-stock deal to expand in India and South-East Asia...
20 Jul 2010
Ireland to auction bonds after Moody's downgrade...
20 Jul 2010
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by...
19 Jul 2010
India's Tata Steel has started talks with lenders including Citigroup to refinance as much as 3.5 billion pounds ($5.4 billion) in loans for its British unit, Bloomberg reported...
19 Jul 2010
Private equity fund Carlyle Group said it had agreed to buy Brazilian health services provider Grupo Qualicorp, seeking to tap into demand from the country's growing middle class...
19 Jul 2010
Failed U.S. real estate investor DBSI Inc presented a liquidation plan to bankruptcy court on Monday that pays less than 20 cents on the dollar for about $800 million in claims...
19 Jul 2010
The top U.S. securities regulator will need to add about 800 new positions to carry out its part of the massive financial reform legislation, the head of the agency said in testimony to be delivered...
19 Jul 2010
Aircraft leasing firms made a major comeback, as industry veteran Steve Udvar-Hazy dropped $4 billion on A320s and former arch-rivals at General Electric doubled his efforts...
19 Jul 2010
Privately negotiated derivatives should be more standardised and traded on exchanges where possible, using incentives rather than mandatory rules for now...
19 Jul 2010
Emirates Telecommunications (Etisalat) is close to buying 26 percent in telecoms firm Reliance Communications...
19 Jul 2010
Energy major Reliance Industries is in talks with Texas-based Quicksilver Resources, including for a possible buyout of the U.S. firm that develops shale gas and coal-bed methane...
19 Jul 2010
Bombardier is ready to sell its new C-series passenger jet to Qatar Airways but is waiting on Qatar to sort out problems with engine maker Pratt & Whitney...
19 Jul 2010
Onex Corp and the Canada Pension Plan Investment Board are considering a $4.5 billion takeover bid for UK car parts maker Tomkins Plc as the weak British pound encourages two more...
19 Jul 2010
Ireland's National Asset Management Agency has completed the transfer of a second batch of loans from all participants except nationalised Anglo Irish Bank...
19 Jul 2010
Nokia Siemens Networks is buying Motorola Inc's telecom network equipment business, boosting its position in North America and taking number two spot in the cut-throat mobile gear market...
19 Jul 2010
China's main state-run television station accused the country's top Internet search engine Baidu Inc of directing users to websites that sell counterfeit drugs, the People's Daily reported...
19 Jul 2010
Home furnishings retailer Jennifer Convertibles Inc filed for bankruptcy protection under a pre-arranged deal that will convert debt owed to its supplier and...
19 Jul 2010
Luxury homebuilder Toll Brothers Inc will launch an investment fund to buy up distressed real estate assets, including loan portfolios and land for development, the company said...
19 Jul 2010
ATC Technology Corp, an engineering and logistics services provider, said it agreed to be acquired by privately held GENCO Distribution System Inc for about $512.6 million in cash...
19 Jul 2010
Unilever has sold its slow growth Italian frozen foods unit Findus to Birds Eye Iglo for 805 million euros ($1.1 billion), reuniting it with the business it sold four years ago to private equity group Permira...
19 Jul 2010
Update on Bank of Ireland Group's Participation in the National Asset Management Agency...
19 Jul 2010
Wall Street was set for a bounce, following a sharp fall in the previous session, when disappointing revenue from bellwethers reporting results, and downbeat consumer sentiment data, hurt equities...
19 Jul 2010
Boeing Co and Dubai's Emirates announced a deal for 30 of Boeing's 777-300 extended range planes, a deal worth potentially more than $9 billion...
19 Jul 2010
Abu Dhabi and U.S.-based United Technologies plan an $800 million military aircraft maintenance and repair joint venture based in the United Arab Emirates to service the UAE and other countries...
19 Jul 2010
Moody's downgraded Ireland's sovereign bond rating by one notch to Aa2, citing weaker growth prospects and the high costs of rebuilding the country's crisis-hit banking system...
19 Jul 2010
France's GDF Suez and Britain's International Power have revived talks on a possible tie-up between the two power companies, they said...
19 Jul 2010
China's overall insurance premiums in the first six months rose 33.6 percent from a year earlier to 799.9 billion yuan ($118 billion), the China Insurance Regulatory Commission...
19 Jul 2010
Bailed-out insurer American International Group Inc (AIG) named former Prudential plc Chief Executive Mark Tucker as head of its Asia life insurance business, AIA, and said it would seek to list AIA on...
19 Jul 2010
WPP Digital takes stake in digital advertising measurement firm in China...
19 Jul 2010
Bright Dairy, majority owned by Bright Food Group, will take a 51 percent stake in the milk processing arm of the privately-owned Synlait, which is a small player in the dairy export market dominated by giant co-operative Fonterra…
18 Jul 2010
Malaysian state investor Khazanah may have to pay more than S$4.00 a share for Singapore's Parkway, or at least 3.1 percent above its share price to ward off rival bidder Fortis Healthcare...
18 Jul 2010
New York City Mayor Michael Bloomberg, one of the richest men in America, says his views are too polarizing for him to become president of the United States...
17 Jul 2010
Emirates airline is set to place a $5 billion order for 20 Boeing 777 wide-body jets...
16 Jul 2010
The landmark financial reform legislation awaiting President Barack Obama's signature will take years to implement, with hundreds of new rules to be written and...
16 Jul 2010
Canada proposed new regulations for credit rating agencies to boost investor confidence and prevent conflicts of interest that critics say may have contributed to the global credit crisis...
16 Jul 2010
The Securities and Exchange Commission said it created three expert units to focus on big financial companies, complex securities and securities offerings...
16 Jul 2010
U.S. banks, which scrambled to raise billions of dollars in capital last year in the aftermath of the financial crisis, may not be done yet...
16 Jul 2010
Independent power producers Mirant Corp and RRI Energy have received a request from the U.S. Department of Justice (DOJ) for additional information regarding their proposed merger...
16 Jul 2010
Goldman Sachs Group Inc agreed to pay $550 million (356 million pounds) to settle civil fraud charges over how it marketed a subprime mortgage product...
16 Jul 2010
Private equity firms TPG and Carlyle submitted a final joint bid for Australian hospital group Healthscope, a spokeswoman the consortium...
16 Jul 2010
Even before bankers can finish celebrating the completion of Agricultural Bank of China's roughly $20 billion offer, they're preparing for an invite to another major IPO party…
16 Jul 2010
Agricultural Bank of China's $19.3 billion IPO limped across the finish line after a three-month sprint, its modest Hong Kong debut reflecting concerns over...
16 Jul 2010
U.S. video games producer Electronic Arts Inc is selling out of Ubisoft Entertainment SA six years after buying a big chunk of the world's third-largest independent...
16 Jul 2010
Hedge fund firm Polar Capital said client assets under management rose 2.5 percent in the three months to June, with client inflows more than offsetting fund losses from...
16 Jul 2010
Citigroup Inc and AIG classified more than $11 billion in loans as sales in the second half of 2009, masking the companies' risk levels, filings with the U.S. Securities regulator showed....
16 Jul 2010
Britain's top companies are likely to use big name brands, patents and other exotic assets to help plug shortfalls in pension schemes and fund longer lifespans in the...
16 Jul 2010
The euro zone's debt woes have raised worries about the outlook for the world economy, which has already been dealt a severe blow by the global financial crisis...
16 Jul 2010
Wall Street reform clears Congress...
16 Jul 2010
Hong Kong investment bankers were just wrapping up work ahead of the long Easter weekend in early April when they were hit with a proposition that would upend their holiday plans...
16 Jul 2010
The U.S. Senate approved legislation to overhaul the financial system and usher in new rules for Wall Street, sending it to President Barack Obama to sign into law...
15 Jul 2010
The owner of Penthouse magazine offered to buy rival Playboy Enterprises Inc for $210 million, making a bid that was 13 percent above the buyout proposal from...
15 Jul 2010
British Columbia launched North America's first government-run online casino on Thursday, aiming to take a cut of the big dollars its residents are already gambling over the web...
15 Jul 2010
The U.S. Congress approved the broadest overhaul of financial rules since the Great Depression and sent it to President Barack Obama to sign into law...
15 Jul 2010
The U.S. Senate's approval of financial reform is the starting gun for a new intensive Wall Street lobbying campaign aimed at regulators who must now translate the legislation into hard and fast rules...
15 Jul 2010
Legislation that could bar BP from getting new offshore oil leases in the United States passed another hurdle in Congress on Thursday while a separate bill to boost safety requirements for...
15 Jul 2010
Oil and gas producer Apache Corp is seeking $6 billion to $7 billion financing to purchase up to $10 billion in assets from BP Plc in a deal that could be announced next week...
15 Jul 2010
Molybdenum miner Thompson Creek Metals said it intends to acquire exploration company Terrane Metals in a deal worth about C$650 million ($625 million) as it moves to diversify its commodity exposure...
15 Jul 2010
U.S. buyout firm TPG and the private equity arm of Goldman Sachs agreed to buy diaper-maker Ontex from rival Candover in the year's largest European buyout...
15 Jul 2010
Weather Investments, the holding company of Egyptian businessman Naguib Sawiris, is considering a move into Poland and Serbia after the success of its mobile operations in Italy...
15 Jul 2010
Gold edged up after China's growth data for the second quarter was slightly weaker than expected, helping revive the precious metal's allure as a hedge at a time of economic uncertainty...
15 Jul 2010
Colombia's Grupo Aval said it would buy the Central America-based banking group BAC-Credomatic, controlled by U.S. giant conglomerate General Electric Co. for $1.9 billion...
15 Jul 2010
Discovery Communications Inc accused Amazon.com Inc of infringing patents covering electronic book delivery and security with its Kindle e-book reader and said the Internet retailer should be forced to pay royalties...
15 Jul 2010
Storied buyout firm Kohlberg Kravis Roberts & Co made its long-awaited debut on the New York Stock Exchange, and its shares moved slightly higher in the first few minutes of trading...
15 Jul 2010
U.S. nutritional supplements maker NBTY Inc said it agreed to be bought by Carlyle Group for $3.8 billion in one of the biggest private equity deals so far this year...
15 Jul 2010
As the oil from the BP Plc gusher laps onto U.S. Gulf Coast shores, it is also muddying the prospects of Southern bank mergers...
15 Jul 2010
GlaxoSmithKline expects to record a legal charge of 1.57 billion pounds ($2.4 billion) for the second quarter after settling the "substantial majority" of claims relating to its controversial diabetes pill Avandia...
15 Jul 2010
Two health care takeovers in Australia were reaching a turning point on Thursday with chatter on financing clouding a $1.6 billion bid for Healthscope...
15 Jul 2010
Canada's second-biggest pension manager has revived efforts to buy an Australian toll-road operator with a C$3.5 billion ($3.4 billion) bid for Sydney-based Intoll Group...
15 Jul 2010
Private equity firm Blackstone Group has pulled out of a consortium bidding for Australia's second-largest hospital owner Healthscope...
15 Jul 2010
Spain sold 3 billion euros ($3.8 billion) of a 15-year benchmark bond, at the top end of the Treasury's target range, following previous successful auctions in euro zone periphery countries this week...
15 Jul 2010
Nippon Telegraph and Telephone Corp is buying South African IT firm Dimension Data for up to 2.12 billion pounds ($3.2 billion) to expand into overseas markets, including in fast-growing Africa...
15 Jul 2010
Google Inc's Indian unit and Tata Communications TATA will partner to provide web-based business connectivity tools to companies in India, Tata Communications said in a statement...
15 Jul 2010
Oaktree Capital Management has won a $1.7 billion portfolio of distressed residential loans auctioned by the Federal Deposit Insurance Corp, the Financial Times reported, citing people familiar with the matter...
15 Jul 2010
British oil and gas company Fairfield Energy shelved plans for a $500 million stock market listing, the company said, citing hostile markets...
15 Jul 2010
We refer to the Certificates constituted by a declaration of trust ("Declaration of Trust") dated 7 June 2007 between IIG Funding Limited...
14 Jul 2010
Theater operator AMC Entertainment Inc filed with U.S. regulators to raise up to $450 million in an initial public offering of common stock...
14 Jul 2010
The takeover watchdog has banned activist investor Brian Myerson and two other investors for three years from merger activity, in its first such sanction since 1992...
14 Jul 2010
The U.S. futures regulator must look carefully at new "risk controls" to protect markets in an era when trades are done 150 times faster than the blink of an eye, the head of a new technology panel for...
14 Jul 2010
Iran's government has sold an 18 percent stake in Iran Khodro, the Middle East's biggest carmaker, for the equivalent of about $430 million...
14 Jul 2010
Smaller banks that got U.S. government bailout money are likely to run into trouble repaying it and may become vulnerable to takeovers as a result, a congressional watchdog agency...
14 Jul 2010
Oneworld members British Airways, American Airlines and Iberia won EU antitrust clearance on Wednesday to deepen their pact after agreeing to cede some lucrative trans-Atlantic routes...
14 Jul 2010
Securities regulators weighed whether to change voting in corporate elections, amid calls from companies to fix a system they consider broken and antiquated...
14 Jul 2010
Thomas Barrack's Colony Capital won a bid to buy a 40 percent stake in a $1.85 billion portfolio of distressed commercial real estate loans from the...
14 Jul 2010
After three consecutive quarters of improvement, a new analysis from Hewitt Associates, a global human resources consulting and outsourcing company, found that...
14 Jul 2010
Venture capitalists in the United States widely expect their industry to contract while those in emerging markets, including China, India and Brazil, expect to see...
14 Jul 2010
Debt-laden Dubai property developer Nakheel outlined detailed terms of its plans to repay bank lenders, asking them to respond to the proposal by August 31...
14 Jul 2010
U.S. cable provider Comcast won EU regulatory clearance on Wednesday for a landmark deal to buy a controlling stake in General Electric's NBC Universal...
14 Jul 2010
Tata Steel denied a media report the company was planning to raise about $2 billion through fresh equity over the next quarter to help fund expansion. "Nothing at this point"...
14 Jul 2010
The value of mergers and acquisitions in sub-Saharan Africa doubled in the first half of 2010 from last year, and investment banking fees fell as competition for contracts intensified, according to Thomson Reuters research...
14 Jul 2010
Arrow Energy shareholders approved a $3.05 billion takeover by Royal Dutch Shell and PetroChina's, clearing the way for a final legal go-ahead due later this week...
14 Jul 2010
Israeli drug development company BioLineRx is planning a share offering on U.S. exchange NASDAQ...
14 Jul 2010
Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahayan is considering an investment in oil major BP...
13 Jul 2010
Boralex Inc, an alternative power producer, said it raised its offer to acquire the income trust it manages to an annual interest rate of 6.75 percent a year on the...
13 Jul 2010
Canada's proposed national securities regulator would have a strong presence in all corners of the country, according to a blueprint released that also set new deadlines for reform...
13 Jul 2010
British online grocer Ocado faced calls to cut the price of its planned initial public offering on Tuesday as analysts and investors said its hopes of a 1 billion pound...
13 Jul 2010
Citigroup Inc said it agreed to sell its private equity unit to StepStone Group LLC and Lexington Partners...
13 Jul 2010
The trading of claims in bankruptcy cases fell to $2.1 billion in June, down for the second straight month, as several large companies prepared to exit Chapter 11...
13 Jul 2010
Planned global rules that will force banks to top up their capital and curb risk to avert a repeat of the financial crisis could choke growth and raise costs for consumers...
13 Jul 2010
The board of American International Group Inc is expected to meet this week to consider the future of the insurer's Asian life business, AIA...
13 Jul 2010
Pension trustees for Britain's BT Group Plc asked a court on Tuesday to rule how much of its liabilities could be guaranteed by the state, in a move which could affect how the company tackles its deficit...
13 Jul 2010
The Ontario Teachers' Pension Plan said that additional information offered by Magna International on its proposal to eliminate its multiple-voting shares...
13 Jul 2010
Borders Group Inc said that it had agreed to sell a British-based retailer of stationery, cards and gifts to Primary Capital Ltd for about $31 million (20.5 million pounds)...
13 Jul 2010
The venture will be majority owned by Shanghai Aircraft Manufacturing Co, Ltd, a subsidiary of the state-owned Commercial Aircraft Corporation of China (COMAC), with Eaton owning 49 percent…
13 Jul 2010
U.S. investment bank Goldman Sachs Group Inc is likely to ask for more time to respond to the fraud lawsuit filed on April 16 by the U.S. Securities regulator, the New York Post reported, citing sources...
13 Jul 2010
Banks in Florida are requesting that U.S. federal regulators exempt them from mandatory higher capital requirements because they...
13 Jul 2010
African Minerals Ltd has sealed a second investment deal with a Chinese group for its flagship iron ore project in Sierra Leone, selling a 25 percent stake to Shandong Iron & Steel for $1.5 billion...
13 Jul 2010
Britain's financial regulator unveiled new rules obliging banks to make sure all mortgage customers can afford their repayments, in a move that will outlaw self-certification loans...
13 Jul 2010
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0600 GMT on Tuesday...
13 Jul 2010
The second largest U.S. mall owner said it has successfully restructured about $15 billion in project-level debt which will allow it to satisfy its debt and other claims in...
13 Jul 2010
Retail sales rebound in June...
13 Jul 2010
Essar Energy plc, the India-focused integrated energy company, today announced that its subsidiary, Essar Power Limited (EPL), has entered into binding agreements for...
12 Jul 2010
BP said it had installed a cap meant to halt the flow of oil from its ruptured Gulf of Mexico well and the Obama administration issued a new moratorium on deepwater oil drilling...
12 Jul 2010
Toronto-Dominion Bank, is pushing for a bigger commodities banking presence, announcing a new precious metals trading team this week just days after beefing up its oil and gas advisory business with...
12 Jul 2010
As Congress returns from a weeklong break, Senate Democrats are just short of the votes necessary to win passage of a landmark overhaul of financial regulations...
12 Jul 2010
U.S. bank regulators would have more power to examine the largest and riskiest institutions, under a new interagency memorandum approved...
12 Jul 2010
A bidding war for the bunny may be about to break out...
12 Jul 2010
Aon Corp, the world's largest insurance brokerage, said it will buy Hewitt Associates Inc for $4.9 billion in cash and stock to create the world's largest human resources company...
12 Jul 2010
A monopoly abuse lawsuit against Apple Inc and AT&T Inc's mobile-phone unit can continue as a class action against the two companies, a U.S. judge ruled...
12 Jul 2010
General Growth Properties Inc, the second-largest U.S. mall owner, said it expects to receive a $500 million equity investment from a large Texas pension fund and emerge from bankruptcy protection by October...
12 Jul 2010
Johnson & Johnson will buy Micrus Endovascular Corp for about $480 million to expand its portfolio of medical devices that treat stroke...
12 Jul 2010
Suspected Somali Islamists carried out two bomb attacks late on Sunday in the Ugandan capital that killed at least 64 people as they watched the World Cup final...
12 Jul 2010
Guxiang, a company that operates Google's websites in China, was included in a list of more than 200 companies that had their licenses renewed...
12 Jul 2010
Blackstone Group will manage a $2-billion-plus Asian real estate fund of Bank of America-Merrill Lynch, in a deal that will close in the third quarter, sources familiar with the situation told Reuters...
12 Jul 2010
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets...
11 Jul 2010
Algeria announced a series of measures on Sunday that will give preferential treatment to domestic firms over foreign rivals, strengthening the energy exporter's trend towards economic nationalism...
11 Jul 2010
Troubled state conglomerate Dubai World has invited creditors to a July 22 meeting to offer details on its multi-billion dollar debt restructuring, the first session to include all lenders since December 2009...
11 Jul 2010
German transport group Deutsche Bahn, Italy's Astaldi and British firm WS Atkins are among companies bidding to build four stations along a 450-km (280 mile) railway in Saudi Arabia...
11 Jul 2010
The China Insurance Regulatory Commission (CIRC) plans to let insurance companies decide the assumed interest rate on conventional life insurance policies...
11 Jul 2010
Italy's Benetton family and road operator SIAS plan to merge their Chile highway holdings into a billion-euro company, Il Sole 24 Ore said...
10 Jul 2010
Bank of America Corp is beefing up its internal accounting controls after it incorrectly classified as much as $10.7 billion in short-term lending and repurchase deals for mortgage securities as sales...
9 Jul 2010
Goldman Sachs Group Inc was sued by Liberty Mutual Insurance Co for fraudulently misleading it into buying preferred stock of mortgage financier Fannie Mae that would become "virtually worthless"...
9 Jul 2010
Vallar Plc, which is seeking to build up a mid-tier mining house from scratch, raised 707 million pounds in an initial public offering before formal trading begins on July 14, it said...
9 Jul 2010
BC Partners and Silver Lake are set to buy U.S. healthcare services firm MultiPlan, the private equity firms said on Friday, in the year's largest secondary buyout worth about $3.1 billion...
8 Jul 2010
Billionaire investor Wilbur Ross is taking a 25 percent stake in Sun Bancorp, the New Jersey bank said, sending its shares up as much as 47 percent...
8 Jul 2010
Banks are set to step up sales of struggling hotels, a boon for buyers such as private equity and sovereign wealth funds pursuing prestigious addresses and higher returns versus other commercial properties...
8 Jul 2010
Dubai Holding's main unit will not be repaying a loan due on Thursday, saying lenders have agreed to extend the $555 million credit, underscoring worries that Dubai's debt woes are far from over...
8 Jul 2010
European supervisors shored up some confidence in the stress tests they are imposing on banks, as markets focused on finding out more detail about the process before delivering a final verdict...
8 Jul 2010
The European Court of Justice ruled that Portugal's golden share in Portugal Telecom was illegal, opening the way up to a possible conclusion of PT's sale of its Brazilian Vivo unit to Spain's Telefonica...
8 Jul 2010
The global aerospace and defense industry is in slowdown mode but Middle Eastern countries are bucking the trend thanks to heavy investments in the sector and a growing wealthy population...
8 Jul 2010
Dubai's Istithmar sold its 6.9 percent stake in low-cost carrier SpiceJet for $25.3 million...
8 Jul 2010
On a rocky volcanic outcrop set in the deep and treacherous waters of a vital strait linking Europe to Asia, Yemen's coastguard is building a base to help secure one of the world's busiest waterways...
8 Jul 2010
China's measures to gradually cool its property market will probably work, although more transparency is needed in bank lending to local governments...
8 Jul 2010
The Obama administration heads to court on Thursday with a single goal -- to reinstate a six-month moratorium on deepwater oil drilling imposed in response to the BP Plc oil spill but blocked by a federal judge...
8 Jul 2010
BP boss Tony Hayward met officials from an Abu Dhabi state investment fund, the latest stop on a global quest for money to ward off takeovers and help pay the huge costs of the worst oil spill in U.S. history...
7 Jul 2010
Kendall Law Group, a national securities firm led by a former federal judge and a former U.S. Attorney, is investigating Avon Products Inc...
7 Jul 2010
The top U.S. securities regulator wants more feedback on its nearly year-old proposal to ban "flash orders," and has asked additional questions about the wisdom of the ban in the options market...
7 Jul 2010
Holders of $1 billion of securities issued by a Washington Mutual Inc entity have sued to void an eve-of-bankruptcy exchange of their investment, according to a complaint filled with claims of fraud and secret agreements...
7 Jul 2010
Time Warner Inc said it had offered to buy back about $4 billion of its debt...
7 Jul 2010
Carlyle Group is being sued by the liquidators of a failed mortgage-securities fund that was set up by the private equity group, a spokesman for the liquidators said...
7 Jul 2010
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by...
7 Jul 2010
Small-sized acquisitions and strategic buys rather than blockbuster multibillion dollar deals will be on the minds of the media moguls and financiers who gather at this week's Sun Valley conference...
7 Jul 2010
Swedish measurement systems firm Hexagon AB said on Wednesday it would pay $2.1 billion for U.S. software firm Intergraph to capitalise on expanding demand from energy, security and infrastructure firms...
7 Jul 2010
The Department of Justice has opened a criminal investigation into whether some HSBC Holdings Plc clients may have failed to disclose offshore accounts, lawyers familiar with the probe said...
7 Jul 2010
Total SA has agreed to buy UTS Energy Corp for C$1.5 billion ($1.42 billion) in cash, twice the amount the French oil major offered for the...
7 Jul 2010
Kraft Foods Inc agreed to sell Cadbury Plc's chocolate confectionery business in Romania to Oryxa Capital for an undisclosed amount to meet the European regulatory requirement of its Cadbury acquisition...
7 Jul 2010
Australia formally launched a programme that allows companies or their products to be certified carbon-neutral in a bid to boost their corporate image and fight climate change...
7 Jul 2010
Greece's fiscal and structural reforms, intended to pull it out of recession and end a sovereign debt crisis, are on track despite some shortcomings, the European Commission said...
7 Jul 2010
ICBC, the world's most valuable lender, may raise up to $6.6 billion in new funding, sources said, joining Agricultural Bank of China, which priced its IPO to be the world's largest, in a rush to raise billions of dollars...
7 Jul 2010
London and New York are not about to lose their spots as the world's leading financial centers but they are being challenged by emerging market upstarts in a...
7 Jul 2010
British Airways will be able to guarantee all of its flights should there be any new strike action, the company's Chief Executive Willie Walsh said in an interview...
7 Jul 2010
Vantage Drilling Company announced that it has signed a definitive agreement to acquire the remaining 55% ownership interest in Mandarin Drilling Corporation...
6 Jul 2010
Kohlberg Kravis Roberts & Co co-founders Henry Kravis and George Roberts were each paid about $22 million last year in fee and other income, and together own about...
6 Jul 2010
Iron ore producer Cliffs Natural Resources Inc said it will buy INR Energy's coal mine operations for $757 million, the latest step in its strategy to become a...
6 Jul 2010
U.S. law firm Skadden, Arps, Slate, Meagher & Flom nailed the most lucrative tally of mergers and acquisitions worldwide in the first half of 2010, advising on $137 billion of deals...
6 Jul 2010
Oil sands producer MEG Energy Corp aims to raise about C$1 billion ($950 million) in an initial public offering late this month, selling about 23 million common shares as it...
6 Jul 2010
Spanish motorway group Abertis' core owners and private equity firm CVC Capital Partners are set to secure 6-7 billion euros to fund their buyout of the firm next week, in spite of the ongoing global credit squeeze...
6 Jul 2010
Ireland's Ryanair could still bid for Aer Lingus despite losing a legal challenge to a 2007 veto by EU regulators against the budget carrier's second attempt to buy its rival...
6 Jul 2010
The implications of the auction for Taiwan cable TV company CNS may be felt far wider than just by the seller and the buyers involved...
6 Jul 2010
British online grocer Ocado is aiming for a valuation of over 1 billion pounds ($1.5 billion) in its planned initial public offering, in the teeth of volatile markets and...
6 Jul 2010
Spanish publisher Grupo Planeta gained EU regulatory approval on Tuesday for its acquisition of a major stake in Spanish book company Circulo from German media group Bertelsmann...
6 Jul 2010
Gulf stock markets will miss out on getting on the global investment map unless regulators take concrete action to address concerns raised by MSCI, who denied the region emerging market status for the second year running...
5 Jul 2010
Rating agency Standard & Poor's on Monday upgraded Qatar's sovereign credit rating and state-controlled Qatar Petroleum to 'AA' from 'AA-', citing the gas-rich Gulf Arab state's strong growth prospects...
5 Jul 2010
Iranian officials accused Germany, Britain and the United Arab Emirates on Monday of refusing to refuel Iranian passenger planes in response to tougher U.S. sanctions over its nuclear programme...
5 Jul 2010
British builders merchant Travis Perkins is to buy BSS Group for an agreed 557.6 million pounds ($845 million) to become the country's biggest plumbing and...
5 Jul 2010
British oil and gas company Fairfield Energy set a price range for its initial public offering (IPO), targeting proceeds of up to $500 million (330.4 million pound), two sources close to the deal said...
5 Jul 2010
Bailed-out lender Lloyds Banking Group has agreed to sell its private equity business to buyout firm Coller Capital, accelerating its plan to offload peripheral units and refocus on its core lending activities...
4 Jul 2010
Wilmar International has entered an agreement with Australia's CSR Ltd to buy the latter's sugar and renewable energy business for A$1.75 billion ($1.47 billion)...
4 Jul 2010
Saudi Arabian Catering Co, a unit of Saudi Airlines (Saudia), is eyeing a bourse listing by March 2011, while its ground handling unit will merge in July with two other firms...
4 Jul 2010
Troubled oil giant BP could get a reprieve from Middle East financial institutions looking to make a strategic investment in the company...
3 Jul 2010
Mobinil shareholders approved the $130-million purchase of two internet assets from major shareholder Orascom Telecom...
2 Jul 2010
Ridgebury Tankers Ltd filed with the U.S. Securities and Exchange Commission on Friday to raise up to $250 million in an initial public offering of common stock...
2 Jul 2010
Global Indemnity plc announced today that the redomestication transaction previously approved by the shareholders of United America Indemnity, Ltd...
2 Jul 2010
Google Inc plans to buy one of the Web's key providers of airline travel software for $700 million, potentially raising new antitrust concerns for the world's largest Internet search engine...
2 Jul 2010
The Channel islands of Jersey and Guernsey are setting up a diplomatic mission in Brussels for fear their representation to the European Union will be marginalised by...
2 Jul 2010
Investment flows to the world's four biggest emerging economies -- Brazil, Russia, India and China -- slowed slightly in the first half of 2010 but growth rates and the pace of dealmaking remain strong, data shows...
2 Jul 2010
Washington's refusal to let Jordan exploit its own uranium deposits to make nuclear fuel has held up nuclear cooperation talks and the two sides are a long way from any deal...
2 Jul 2010
Bank of China Ltd, China's No.4 lender, plans to raise up to 60 billion yuan ($8.8 billion) through a rights offer, the company said in a statement...
2 Jul 2010
Lloyd's of London insurer Brit Insurance said it had rejected an improved takeover proposal from U.S. buyout firm Apollo Management, but signalled it was ready to do a deal at the right price...
2 Jul 2010
Blockbuster Inc stayed a step ahead of bankruptcy after winning a crucial one-month reprieve on debt payments, but was forced to begin the process of delisting from...
2 Jul 2010
Abu Dhabi investment vehicle Aabar Investments has launched syndication of a $2 billion loan that will mature on May 21, 2013...
2 Jul 2010
United Arab Emirates telecoms services provider du will gain access to the network of rival and market leader Etisalat, creating a new wave of competition in the country, a local newspaper said...
2 Jul 2010
Now that China is staying true to its word and letting the yuan trade a bit more freely, analysts and investors outside the mainland may not be prepared for one potential outcome: a yuan drop...
2 Jul 2010
French media groups Lagardere and Vivendi failed to agree on the price for a 20 percent stake in leading French pay television group Canal+ France, and the stake will now be sold in an initial public offering...
2 Jul 2010
British power supply systems maker Chloride has recommended a $1.5 billion takeover by U.S. conglomerate Emerson Electric, bringing to an end a long-running bid battle...
2 Jul 2010
Australia ended a damaging dispute with global miners on Friday by dumping its "super profits" tax for a lower resources rent tax backed by big miners, clearing a major hurdle to call an early election...
1 Jul 2010
Venture-backed initial public offerings are the highest since before the financial crisis, even as venture-backed M&A activity is slipping, according to a survey by...
1 Jul 2010
A private equity firm that has invested in several retailers has taken a 9.5 percent stake in BJ's Wholesale Club Inc and said it may propose taking the warehouse club operator private...
1 Jul 2010
First Republic Bank, a lender to wealthy families that was prized by Merrill Lynch but deemed expendable by Bank of America Corp, celebrated its 25th birthday by...
1 Jul 2010
The Treasury Department said it has earned gross profit of about $2 billion so far on the sale of about one-third of its common stock holdings in Citigroup Inc...
1 Jul 2010
U.S. agricultural processor Archer Daniels Midland Co said it will invest $100 million in a Chinese bank and open an office in Beijing as part of its goal to boost sales in China...
1 Jul 2010
The House of Representatives approved a landmark overhaul of financial regulations but the Senate put off action until mid-July, delaying a final victory for President Barack Obama...
1 Jul 2010
British company Chloride is to start talks with Emerson Electric after rival suitor ABB pulled out in the face of an improved 997 million pounds ($1.5 billion) offer from the U.S. group...
1 Jul 2010
British telecoms provider BT announced pricing it said was cheaper than that of its rivals for Sky Sports TV channels, potentially sparking a price war after BSkyB was ordered to...
1 Jul 2010
Britain's Tate & Lyle is selling its European sugar operations to American Sugar Refining for 211 million pounds ($315 million), breaking a 150-year link to sugar in favour of low-calorie sweeteners offering faster growth...
1 Jul 2010
EU antitrust regulators were justified in fining Anglo-Swedish drugmaker AstraZeneca five years ago for blocking cheaper generic medicines coming to the market, a European Union court said...
1 Jul 2010
Agricultural Bank of China's Hong Kong share offering has been more than 10 times oversubscribed by institutional investors, signalling their healthy interest in the dual-market listing that could end up...
1 Jul 2010
Private equity firms completed two of the only significant buyout deals in Australia since the global financial crisis, led by the $570 million sale of university programme provider Study Group...
1 Jul 2010
Barclays Capital said it had set up a new syndicate bond, sales and trading team in Zurich to bolster its presence in the Swiss bond market...
1 Jul 2010
U.S. engineering firm URS Corp won the bidding battle for British consultancy Scott Wilson Group after privately held CH2M Hill withdrew its offer, saying the acquisition no longer added value to the company...
1 Jul 2010
Usiminas, Brazil's largest maker of flat steel, said it is selling 30 percent of its mining unit to Japan's Sumitomo Corp for $1.93 billion, in a bid to raise cash to develop its...
1 Jul 2010
Fortis healthcarealong with its founders have made an open offer for all of Parkway Holdings for S$3.21 billion (US$2.3 billion), an adviser to the Indian hospital chain said...