NEWS
September 2009
30 Sep 2009
Ladder Capital Realty Finance Inc shelved its planned initial public offering indefinitely, becoming the latest mortgage real estate investment trust (REIT) to struggle in its efforts to come to market…
30 Sep 2009
The Tokyo Stock Exchange said it plans to require listed companies to have at least one independent director, aiming to address a key hole in the country's often-criticized…
30 Sep 2009
Jolt Co Inc, maker of the famous Jolt Cola energy drink, filed for bankruptcy protection in a Manhattan court on Monday, after a dispute with drinks can maker Rexam…
30 Sep 2009
Covidien plans to buy brain monitor maker Aspect Medical Systems Inc for about $210 million, giving the medical products company an expanded presence in the operating room…
30 Sep 2009
The management of Sina Corp led by its chief executive, Charles Chao, is in talks with private equity funds...
30 Sep 2009
Bank of America Corp has struck a deal to sell a long-term asset management business, part of its Columbia Management division, to Ameriprise Financial Inc...
30 Sep 2009
Britain's consumer watchdog has fined six recruitment agencies for price fixing and forming a cartel, slapping a penalty on market leader Hays Plc that equals half its estimated 2010 net profit…
30 Sep 2009
A group of creditors of Fontainebleau Las Vegas LLC have asked a Florida bankruptcy court to convert the company's Chapter 11 bankruptcy into a Chapter 7 liquidation.
30 Sep 2009
U.S. investment company Starwood Capital Group Global LP is attempting to gain control of lodging chain Extended Stay Inc, the Wall Street Journal said, citing people…
30 Sep 2009
U.S. food giant Kraft has until Nov. 9 to say whether it will make an offer for British confectioner Cadbury or it must walk away for six months, Britain's Takeover Panel…
30 Sep 2009
Japan's antitrust regulator ordered Qualcomm Inc to revise what it says are unfair licensing agreements with Japanese phone makers, rejecting the U.S. wireless chipmaker's…
30 Sep 2009
U.S. banking regulators proposed on Tuesday that banks prepay three years of fees to help cover the rising cost of bank failures, now put at $100 billion…
30 Sep 2009
Royal Bank of Canada said on Tuesday it reached a deal to buy JPMorgan Chase & Co's investment adviser servicing business, the latest step by RBC…
30 Sep 2009
French food group Danone said it will exit its joint venture with China's top beverage producer Wahaha, settling a long-running dispute that contributed to political tensions between…
30 Sep 2009
Accretive Health Inc AH.N, a provider of technology and services aimed at helping hospitals manage their revenue cycles, plans to raise as much as $200 million in an initial…
30 Sep 2009
Beleaguered Bank of America Corp Chief Executive Ken Lewis will retire by year's end and his successor is yet to be determined, the bank said on Wednesday…
30 Sep 2009
Boston Scientific Corp will pay Johnson & Johnson $716 million to settle more than a dozen patent dispute lawsuits involving coronary stents and other heart devices…
29 Sep 2009
GenTek Inc, a maker of specialty chemicals and vehicle engine components, said on Monday it has agreed to a takeover by a subsidiary of private equity firm American Securities LLC for $411 million in cash.
29 Sep 2009
Fertilizer maker CF Industries Holdings Inc said on Monday it has acquired a 7 percent stake in Terra Industries Inc in its latest bid to increase pressure…
29 Sep 2009
Vanguard Group Inc and Goldman Sachs Group Inc are among U.S. companies objecting to new rules to limit short selling that are under consideration by the U.S. Securities and Exchange Commission…
29 Sep 2009
Delta Air Lines said on Monday that it has closed $2.1 billion of financing deals that have bolstered its liquidity by $600 million...
29 Sep 2009
Newegg Inc, a venture-capital backed online retailer of computer hardware and software, plans to raise up to $175 million in an initial public offering, according to a regulatory filing...
29 Sep 2009
BNP Paribas, France's biggest bank by market capitalization, on Tuesday joined the rush to pay back governments for their financial support during…
29 Sep 2009
Hertz Global Holdings Inc has sued an analyst for defamation over a report it said suggests the world's largest car rental company could go bankrupt…
29 Sep 2009
Outdoor-products retailer Gander Mountain Co said it intends to go private, with two of its largest shareholders agreeing to buy out...
28 Sep 2009
Investors in a class-action lawsuit against Bank of America Corp over the Merrill Lynch & Co takeover are trying to collect…
28 Sep 2009
Dow Chemical Co said on Monday the U.S. Federal Trade Commission has cleared the way for its $1.68 billion sale of Morton Salt to Germany's K+S AG…
28 Sep 2009
GenTek Inc, a maker of specialty chemicals and vehicle engine components, said on Monday it has agreed to a takeover by a subsidiary of private equity firm American Securities LLC for $411 million in cash...
28 Sep 2009
Investors in a class-action lawsuit against Bank of America Corp over the Merrill Lynch & Co takeover are trying to collect "billions of dollars" in damages…
28 Sep 2009
Dubai-based marine geophysical firm Polarcus Ltd has raised 726.3 million Norwegian crowns ($125 million) in the Nordic region's first stock market flotation this year…
28 Sep 2009
Belgian drugs, chemicals and plastics maker Solvay said on Monday it would sell its drugs unit to U.S. partner Abbott Laboratories for 4.5 billion euros ($6.6 billion) in cash and reinvest in chemicals and plastics...
28 Sep 2009
U.S. diversified health care company Johnson & Johnson has bought an 18 percent stake in biotech firm Crucell for 302 million euros ($444 million) as part of a flu vaccine development deal...
28 Sep 2009
Myer, Australia's largest department store chain, plans to raise up to $2 billion in a share offering that will test investor appetite for retail stocks and may encourage other IPOs in the sector...
28 Sep 2009
Xerox Corp said it will buy Affiliated Computer Services Inc in a $6.4 billion cash-and-stock deal that expands the copier company into outsourcing and data management...
28 Sep 2009
Chinese state-owned Sinochem bid $2.5 billion for Australian farm chemicals group Nufarm Ltd on Monday, looking to gain a global footprint in a deal that could again test investment ties between China and Australia...
28 Sep 2009
An Australian court has ruled that local governments can pursue financial claims against collapsed U.S. investment bank Lehman Brothers in Australia and elsewhere, a firm that is funding the litigation said on Monday…
28 Sep 2009
Banks led by JPMorgan Chase & Co reaped a bonanza of underwriting fees from debt and equity capital-raisings in the third quarter but a deepening slump in M&A activity depressed overall investment banking fees…
28 Sep 2009
Russia's Rusal, the world's top aluminum producer, has re-started plans to list part of its business on the Hong Kong exchange, with hopes of raising around $2 billion…
28 Sep 2009
China Investment Corp, the $200 billion sovereign wealth fund, has agreed to invest about $1 billion in Los Angeles-based Oaktree Capital Management…
26 Sep 2009
Two activist investors have written to department store operator Dillard's Inc urging a change in share structure, seeking thereby to dilute management's control of the board of directors...
25 Sep 2009
A 50 percent leap in the shares of lithium-ion battery maker A123 Systems Inc on their first day of trading looks likely to jumpstart the market for clean-tech share offerings...
25 Sep 2009
Harrah's Entertainment HAMLEH.UL, one of the world's largest casino operators, bought $140 million of the debt related to the Planet Hollywood Resort & Casino in Las Vegas…
25 Sep 2009
Large Cadbury investors are worried Chief Executive Todd Stitzer may overplay his hand in fending off Kraft's $10 billion offer…
25 Sep 2009
ING will sell its 51 percent stake in a wealth management joint venture to partner Australia and New Zealand Banking Group for 1.1 billion euros ($1.6 billion) as…
25 Sep 2009
World leaders at the G20 meeting on Thursday closed in on a statement calling for new restraints on banker pay, an issue that became inflammatory during the global financial crisis…
25 Sep 2009
Consumer goods giant Unilever agreed to pay 1.275 billion euros ($1.87 billion) for Sara Lee's personal care brands like Sanex and Radox on Friday to reinforce its global lead in…
25 Sep 2009
The U.S. Securities and Exchange Commission charged a Texas man with insider trading for reaping $8.64 million of illegal profit related to Dell Inc's planned purchase of Perot Systems Corp…
25 Sep 2009
(Reuters) U.S. bedmaker Simmons Co is expected to file for Chapter 11 bankruptcy protection under a plan where it will be sold to Ares Management LLC, a private-equity fund...
25 Sep 2009
Lehman Brothers Holdings Inc and its unsecured creditors asked a bankruptcy judge on Thursday to unseal court documents related to an investigation of the sale of Lehman's core…
25 Sep 2009
The Toronto Stock Exchange said on Friday it is changing its rules to require a shareholder vote on highly dilutive takeover deals, a move it said strengthens…
25 Sep 2009
Kraft Foods Inc told employees it would use fiscal restraint in its pursuit of British confectioner Cadbury, and said its success as a company was not dependent on doing a deal…
25 Sep 2009
Biovail Corporation today announced that it has received a requisition from Eugene Melnyk and a company under his control, EM Holdings B.V. requesting that the Board of Directors…
24 Sep 2009
Canada's industry minister said on Thursday the government will review Avaya Inc's purchase of Nortel Networks Corp's enterprise business to see if the deal is in Canada's best interest…
24 Sep 2009
Warner Chilcott Plc a maker of contraceptives, said privately held Leo Pharma would re-acquire the U.S. rights to its topical psoriasis treatments for about $1 billion in cash…
24 Sep 2009
A decision by a New York bankruptcy court in a dispute involving Lehman Brothers is likely to make it harder for companies that have derivatives trades with the firm to keep the contracts open yet…
24 Sep 2009
Potential buyers of the Texas Rangers baseball team include a freight-forwarding executive and a minor league baseball team owner who helped hockey star Mario Lemieux purchase the…
24 Sep 2009
Nomura Holdings said on Thursday it would sell up to 511.3 billion yen ($5.6 billion) in new shares, in its second such issuance since it bought many of…
24 Sep 2009
U.S. cable operator Charter Communications Inc should be allowed to proceed with a controversial reorganization plan because all creditors are receiving everything they are...
24 Sep 2009
India's Orchid Chemicals said on Thursday a U.S. court had denied Wyeth's motion for a temporary restraining order on the sale of its generic version of the Zosyn antibiotic…
24 Sep 2009
Canadian billionaire and Research in Motion Ltd Co-Chief Executive James Balsillie on Wednesday enhanced his $242.5 million bid for the bankrupt Phoenix Coyotes ice…
24 Sep 2009
Two mortgage real estate investment trusts halved their planned initial public offerings on Wednesday, casting a shadow on upcoming IPOs in the sector…
24 Sep 2009
Australia rejected a $400 million proposal on Thursday for Chinese state-owned firm China Non-Ferrous Metal Mining (Group) Co to take a majority stake in miner Lynas Corp Ltd…
24 Sep 2009
Credit Suisse Group is trying to sell a $1 billion claim it holds against bankrupt Lehman Brothers Holdings Inc, Bloomberg News reported on Thursday, citing people familiar with the matter
23 Sep 2009
Two mortgage real estate investment trusts completed their initial public offerings at half the size they had originally targeted due to limited demand, casting a shadow over similar upcoming IPOs…
23 Sep 2009
Chinese online video games company Shanda Games Ltd has raised the number of shares it plans to sell in its initial public offering later this week by nearly a third, with estimated proceeds…
23 Sep 2009
The deadline for the Cosmen-led consortium to make a formal offer for National Express Plc is set to be extended for a second time so due diligence can be completed…
23 Sep 2009
Mexico's Cemex, the world's No. 3 cement maker, sealed a $1.8 billion share offer on strong demand on Tuesday in a sign of investor optimism in the debt-laden company's recovery…
23 Sep 2009
Real estate company Comstock Homebuilding Cos Inc said it settled a lawsuit with Cornerstone Bank, eliminating $5.2 million in debt it owed to the bank, sending its shares up as much as 16 percent...
23 Sep 2009
U.S. oil and gas exploration and production firm SandRidge Energy Inc has struck a deal to buy bankrupt rival, Crusader Energy Group, for $230 million, in a cash and stock deal that would…
23 Sep 2009
Privately-held Finnish mobile software firm Flander said on Wednesday it has agreed to buy China's Symbio expanding its offering and creating one of the largest outsourced product development firms in the world...
23 Sep 2009
The European Union unveiled its blueprint on Wednesday for an overhaul of the way banks and financial markets are policed, a central plank to new rules designed to prevent a repeat of…
23 Sep 2009
Debt-laden British yellow pages publisher Yell Group Plc plans to raise at least 500 million pounds ($817 million) by selling new shares, using the proceeds to repay creditors…
23 Sep 2009
A flurry of cashcalls on the London market shows British firms are moving swiftly to ride a recent stock market rally and boost capital before possible jumbo deals by…
23 Sep 2009
You wouldn't know it by his pay stubs, but Jiang Jianqing heads the world's largest bank. Jiang, chairman of Industrial and Commercial Bank of China, made just $234,700 in 2008. That's less than 2 percent of the…
23 Sep 2009
British housebuilders Barratt and Redrow turned to investors for fresh funds on Wednesday, hoping to repair weak balance sheets and have some money left over to exploit…
23 Sep 2009
Ford Motor Co's Canadian subsidiary faces a C$1.8 billion ($1.69 billion) shortfall in its pension plan, the Globe and Mail said, citing a company letter to employees and retirees...
23 Sep 2009
Hedge fund Harbinger Capital Partners is offering about 5 percent of the equity of Calpine Corp for public sale, sending shares of the U.S. power producer down 4 percent.
22 Sep 2009
Britain's Lloyds Banking Group said two of its non-executive directors had tendered their resignation, as the rising time commitment required by their roles had become incompatible with their…
22 Sep 2009
U.S. antitrust enforcers plan to hold talks on revamping merger guidelines, they said on Tuesday amid expectations that the Democratic administration will give…
22 Sep 2009
Few disagree that the murky world of political fixers who hook up private equity firms with public pension funds needs cleaning up. But there are fears that…
22 Sep 2009
Bank of America Corp will pay $425 million to end a program to share losses on bad assets and derivatives with the United States, the bank said, marking its latest effort to extract itself from its…
22 Sep 2009
Bank of America failed to meet a Monday deadline to hand lawmakers further details about its acquisition of Merrill Lynch and faces the possibility of new charges from U.S. securities regulators...
22 Sep 2009
An adviser to the European Union's top court backed Google in a row with luxury goods maker LVMH over Internet advertising, saying the Web search firm…
22 Sep 2009
What could be the biggest U.S. IPO week in 18 months, expected to raise up to $9.1 billion, took shape on Monday after Spanish bank Santander, insurance risk specialist Verisk Analytics Inc…
22 Sep 2009
Europe's biggest insurer Allianz SE will delist from the New York Stock Exchange and European exchanges to focus trading in Frankfurt, it said on Tuesday…
22 Sep 2009
Hedge fund Harbinger Capital Partners said in a regulatory filing it had sold about 5 million shares in New York Times Co at $8.25 apiece on Sept. 17, to reduce its stake to…
22 Sep 2009
Singapore's largest sovereign wealth fund GIC said on Tuesday it had halved its stake in Citigroup to below 5 percent, making a profit of $1.6 billion…
22 Sep 2009
Japanese brewer Suntory has made a binding bid for soft drinks maker Orangina Schweppes, its private equity owners said, in a sign buy-out houses may…
22 Sep 2009
Banco Santander's partial flotation of its Brazilian subsidiary will raise cheap cash to fund organic growth just in time for an oil rush in Latin America's most attractive market…
22 Sep 2009
Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible breaches of fiduciary duty by the Board of Directors of Odyssey Re Holdings Corp…
21 Sep 2009
Pay practices, such as excessive golden parachutes, golden coffins and multi-year employment agreements with generous severances, should be avoided, a report on…
21 Sep 2009
Biogen Idec Inc launched a hostile $355 million takeover bid for Facet Biotech Corp on Monday, two weeks after Facet's board rejected an identical offer...
21 Sep 2009
The top U.S. communications regulator unveiled new proposals aimed at ensuring that network operators treat the flow of Internet content without discrimination, a move that was welcomed by consumer advocacy groups but…
21 Sep 2009
U.S. hedge funds will likely have to provide "pretty detailed reporting" to regulators in the future and some public disclosure of their activities, the chairman of the U.S. Securities and Exchange Commission said on Friday...
21 Sep 2009
Las Vegas casino company Wynn Resorts has raised the size of the initial public share offer in Hong Kong for its Macau unit by around 25 percent, according to sources familiar with…
21 Sep 2009
Dell Inc said it had struck a deal to acquire computer services maker Perot Systems Corp in a cash transaction the personal computer maker valued at about $3.9 billion...
21 Sep 2009
Chinese retailer Wumart Stores Inc is in the final stages of talks to acquire smaller rival Times Ltd for about $600 million in a moved aimed at boosting Wumart's national…
21 Sep 2009
Lehman Brothers Holdings Inc said on Tuesday that Barclays Capital Inc got a $8.2 billion "windfall profit" from excess assets it took control of in the fire sale of Lehman's …
21 Sep 2009
Spain's biggest bank Santander could raise as much as 15.6 billion reais ($8.62 billion) with an initial public offering of its Brazilian unit, which may be the biggest…
21 Sep 2009
Penn National Gaming Inc is one of at least two companies in talks to buy the bankrupt Fontainebleau Las Vegas casino and resort, a source familiar with the matter said on….
19 Sep 2009
Government conglomerate Dubai World shifted certain hotel and property assets, as well as executives, from developer Nakheel to its Istithmar World unit on Thursday, as part of its restructuring…
18 Sep 2009
U.S. securities regulators proposed on Thursday a ban on flash orders that stock exchanges send to a select group of traders, fractions of a second before…
18 Sep 2009
Credit agencies will have to disclose more of their ratings history, and creators of financial products will have to share data with all credit raters, under rules adopted by…
18 Sep 2009
Overstock.com Inc said on Thursday the U.S. Securities & Exchange Commission had notified it of another investigation into the Internet retailer's history of financial restatements...
18 Sep 2009
Songbird Estates, the owner of much of London's Canary Wharf business hub, has bought 54 million shares in the district's operating company Canary Wharf Group for…
18 Sep 2009
California Attorney General Jerry Brown issued subpoenas on Thursday to Standard & Poor's, Moody's Investors Service, and Fitch Ratings as he launched an…
18 Sep 2009
British Land has sold a 50 percent stake in City of London office complex Broadgate to Blackstone in a deal crafted to thrust the UK real estate firm to the front of the chase for UK…
18 Sep 2009
Cheetah is pleased to report it has completed an equity financing, partial debt settlement and farm out agreements that will support ongoing operations as the Company enters final preparations for…
18 Sep 2009
Flextronics International Ltd said it had completed the sale of its stake in Aricent to Kohlberg Kravis Roberts & Co and CPP Investment Board for $255 million…
17 Sep 2009
Kohlberg Kravis Roberts & Co's investment in troubled photography company Eastman Kodak Co may look risky but a 10 percent annual return and protections even if the…
17 Sep 2009
Photography company Eastman Kodak Co plans to raise up to $700 million, including a commitment from private equity firm Kohlberg Kravis Roberts & Co to bolster its…
17 Sep 2009
Two top Thornburg Mortgage Inc executives have resigned amid accusations that assets were misappropriated, as a federal official called for an independent trustee to manage the…
17 Sep 2009
American Airlines parent AMR Corp said on Thursday that it had bolstered its liquidity and planned to take steps that include buying new planes in…
17 Sep 2009
Auto parts supplier American Axle & Manufacturing Holdings Inc said on Wednesday its creditors had agreed to a fourth waiver of the terms on its…
17 Sep 2009
The French parliament passed a law on Thursday which will facilitate the issuance of Islamic bonds despite opposition from leftist parties...
17 Sep 2009
BATS Exchange plans to file an application with U.S. regulators to operate a second securities exchange, the Wall Street Journal said...
17 Sep 2009
Italy's antitrust chief urged Google to begin talks with Italian publishers to resolve allegations that it coerced newspapers into posting stories on its news website, or risk…
17 Sep 2009
Canada has decided against launching a review of the $1.13 billion sale of the wireless assets of bankrupt Nortel Networks to Sweden's Ericsson, Industry Minister Tony Clement said…
17 Sep 2009
The founders of Skype have sued owner eBay Inc and an investor group that has agreed to buy the Webphone service, accusing them of copyright violation and…
16 Sep 2009
France's first Islamic bond issue, originally expected to take place by October, has been delayed due to technical challenges, an adviser on
16 Sep 2009
U.S. solar panel maker Evergreen Solar Inc said on Tuesday that Lehman Brothers does not have the right to terminate a "capped call" transaction that…
16 Sep 2009
Harrah's Entertainment, one of the world's largest casino operators, bought $140 million of the debt related to the Planet Hollywood Resort & Casino…
16 Sep 2009
Carlyle Group and Taiwan Mobile struck a $1 billion deal on Wednesday, with Carlyle taking a big chunk of the telecommunications group in a…
16 Sep 2009
Holders of Six Flags' notes unveiled a bankruptcy plan that would turn the theme park operator over to them, rather than to secured lenders as managers have proposed...
16 Sep 2009
Venture capitalists searching for the next big green idea to invest in are being more cautious in their due diligence but are still more than willing to…
16 Sep 2009
Brazilian real estate developer PDG Realty plans a primary offering of 56 million new shares to raise an estimated 775.6 million reais ($430 million), the company said in…
16 Sep 2009
The U.S. Commodity Futures Trading Commission and the United Kingdom's Financial Services Authority said they will cooperate on the cross-border oversight of…
16 Sep 2009
Brazil's JBS SA said on Wednesday that it would take over bankrupt U.S. chicken company Pilgrim's Pride Corp and Brazilian rival Bertin, in deals that would make it…
16 Sep 2009
Indonesia's parliament on Wednesday passed a revised law on value added tax and sales tax on luxury goods, which could boost corporate mergers and spur the country's fledging Islamic markets...
16 Sep 2009
Adobe Systems Inc announced a $1.8 billion deal to buy business software maker Omniture Inc…
15 Sep 2009
KAR Holdings Inc, which runs auctions for used vehicles, plans to go public and raise as much as $400 million, according to a regulatory filing on Monday...
15 Sep 2009
Independent oil and gas company Parallel Petroleum Corp said it agreed to be bought by investor Leon Black's Apollo Global Management LLC for $132 million in cash...
15 Sep 2009
Air France-KLM is in talks to invest in Japan Airlines Corp, a source familiar with the matter said, as rival suitors seek a stake in the loss-making carrier to access its China and…
15 Sep 2009
Johnson & Johnson has cut the amount it will pay for its 18.4 percent stake in Irish drugmaker Elan Corp Plc by $115 million to $885 million, setting Elan up for…
15 Sep 2009
U.S. metal-processing company Barzel Industries Inc filed for bankruptcy protection in a Delaware court along with seven affiliates, court filings showed…
15 Sep 2009
Global market regulators published new rules on Monday spelling out how small investors putting money into funds of hedge funds should be protected…
15 Sep 2009
The Treasury Department is talking to Citigroup Inc about how to sell the roughly one-third stake the government acquired as part of its bailout of the bank...
15 Sep 2009
Growing pressure on sovereign wealth funds to open their books and enhance transparency may force them to cut their investment horizons short and discourage them from investing in illiquid but higher-yielding assets…
14 Sep 2009
Standard Chartered Bank an Asia-focused lender, will look into alternative listing options but the bank is strongly capitalised, a senior executive…
14 Sep 2009
U.S. telecom equipment maker Avaya Inc has emerged as the successful bidder at a bankruptcy auction for the Nortel Networks Corp unit that builds corporate networks, and will pay…
14 Sep 2009
A federal judge on Monday rejected Bank of America Corp's and the U.S. Securities and Exchange Commission's proposed settlement over Merrill Lynch & Co bonuses, describing the…
14 Sep 2009
Japan's NEC Corp will take over the cellphone operations at Casio Computer Co and Hitachi Ltd as the struggling sector bands together to cut costs and…
14 Sep 2009
British private equity group 3i has agreed to sell a portfolio of investments in small European companies to a consortium of rivals for around 130 million pounds ($217 million)...
14 Sep 2009
D.E. Shaw, the world's fourth largest hedge fund, is opening in Dubai to tap public and private opportunities in the world's largest oil exporting region and ease Gulf Arab investors moves into...
14 Sep 2009
MB Financial Inc, the parent company of MB Financial Bank, said it has started offering $150 million of its common shares...
14 Sep 2009
Chinese real estate developer Glorious Property hopes to raise up to $1.54 billion in a public offering that comes amid a rush of IPOs from…
14 Sep 2009
U.S. regulators seized Corus Bank on Friday in the fourth-largest bank failure this year and sold its deposits to MB Financial Bank…
14 Sep 2009
Eye care company Alcon said late on Sunday it had entered into a definitive agreement to buy Swiss biotechnology company ESBATech AG for…
11 Sep 2009
U.S. antitrust regulators have requested more documents in their probe of Microsoft Corp's deal to provide search engine technology to rival Yahoo Inc....
11 Sep 2009
Youth clothing chain rue21 Inc is seeking to raise as much as $125 million in an initial public offering, joining a recent spike in filings by retailers…
11 Sep 2009
Stephen Ross, founder of the private developer Related Companies, and two of his partners have been granted preliminary approval by U.S. regulators to charter a new bank that would enable them to bid for failed institutions seized by the government, the Wall Street Journal said on Friday.
11 Sep 2009
The British government is looking to bar executives from failed carmaker MG Rover from running other companies following the publication of a report into the collapse of the business in 2005…
11 Sep 2009
Canadian retailer Dollarama Inc filed a preliminary prospectus with the country's securities regulatory authorities for an initial public offering...
11 Sep 2009
Investment firm Marsico Capital Management LLC has reduced its stake in casino operator Wynn Resorts Ltd as of the end of August, according to a regulatory filing on…
11 Sep 2009
The U.S. Treasury on Thursday posted new lobbying restrictions to curb political influence on investments from the government's $700 billion bailout program, prohibiting…
11 Sep 2009
Spain's Cosmen family and private equity firm CVC Capital Partners moved a step closer to mounting a formal bid for transport group National Express on Friday by…
11 Sep 2009
The Molson family is close to completing its takeover of the National Hockey League's Montreal Canadiens for about $575 million, with most legal documents completed, financing lined up
11 Sep 2009
A U.S. bankruptcy court is likely to give the go-ahead to an investigation into the 2007 buyout of Hotel chain Extended Stay Inc and its June bankruptcy this month, a lawyer for the…
11 Sep 2009
A deal to sell the Florida Panthers to a publicly held company has collapsed as the hockey team's owner wanted to maintain control while…
11 Sep 2009
Las Vegas casino operator Wynn Resorts plans to raise up to $1 billion by listing its Macau assets on the Hong Kong stock exchange, two sources with…
10 Sep 2009
U.S. carmaker General Motors agreed to sell a 55 percent stake in Opel to a group led by Canada's Magna, after months of fraught negotiations that had weighed on the…
10 Sep 2009
Target Corp said on Thursday that its board of directors agreed to declassify its structure, in a move that would make its members stand for reelection each year and...
10 Sep 2009
China Construction Bank is aiming to raise 2.6 billion yuan ($380 million) in its first yuan-denominated private equity fund, as part of an effort by the…
10 Sep 2009
Britain's Serious Fraud Office (SFO) and its consumer affairs watchdog are both investigating allegations of fraud and anti-competitive activities in the…
10 Sep 2009
North American companies are flocking to sell shares this week, signaling to some investors the U.S. stock market may be close to sputtering after a long rally...
10 Sep 2009
A Connecticut court ordered UBS to pledge assets or post a $35 million bond after finding "probable cause" that the bank committed securities fraud...
10 Sep 2009
Coinstar Inc, which provides coin-counting machines and DVD rental kiosks, said it sold its entertainment services business to National Entertainment Network Inc for a…
10 Sep 2009
Daiwa Securities Group said it would pay about $2.2 billion to buy out Sumitomo Mitsui Financial Group from their investment banking joint venture, leaving Daiwa vulnerable amid…
10 Sep 2009
U.S. state insurance regulators will hold a hearing this month to probe the role that rating agencies played…
10 Sep 2009
WestJet Airlines may be readying the ground for its first acquisition with a surprise C$172.5 million ($160 million) share offering, analysts said on Thursday…
10 Sep 2009
The first template for over-the-counter derivatives compliant with Islamic law could be in place by year-end, allowing quicker and cheaper Islamic risk management…
10 Sep 2009
Chevron has sealed an estimated A$70 billion ($60 billion) worth of gas deals with three North Asian buyers for its massive Gorgon project in…
9 Sep 2009
(Reuters) Brazilian technology services provider Tivit and stockholders filed on Wednesday to sell up to 785 million reais ($430 million) in an initial public offering, the company's third attempt to go public…
9 Sep 2009
China National Petroleum Corp, parent of Asia's largest oil and gas producer PetroChina, said it secured a $30 billion state loan to fund…
9 Sep 2009
U.S. bank regulators on Wednesday proposed two alternatives to phase out a government program that guarantees some debt issued by banks, according to a…
9 Sep 2009
State-owned investment firm Qatari Diar has appointed Qatar Islamic Bank as lead arranger for a 3.5 billion riyal ($962 million) syndicated Islamic facility, earmarked to finance…
9 Sep 2009
Barrick Gold will issue $3 billion in stock to eliminate all of its fixed-price gold hedges and a portion of its floating hedges, taking a $5.6 billion hit to third-quarter earnings…
9 Sep 2009
Vivendi is offering 2 billion euros ($2.9 billion) for Brazilian telecom operator GVT in a move that puts it head-to-head with Telefonica in Latin America's biggest market and could spark a counterbid...
9 Sep 2009
Women in some of Britain's leading financial companies receive around 80 percent less in bonus and performance-linked pay than their male colleagues, the country's equality watchdog said…
9 Sep 2009
(Reuters) French bank BNP Paribas may raise up to $300 million for a private equity fund active in the Gulf Arab region to tap opportunities arising from the financial crisis…
9 Sep 2009
(Reuters) Even after a news conference gave out names of the buyers planning to purchase a 46 percent stake in Kuwaiti telecom Zain, questions still surround the $13.7 billion deal...
9 Sep 2009
First Solar Inc said it plans to build the world's largest solar plant in China in the first major foray by a U.S. company into the Asian nation's fast growing alternative energy sector…
9 Sep 2009
(Reuters) Trident Resources Corp and its affiliates filed for Chapter 11 bankruptcy protection late on Tuesday, citing a significant drop in natural gas prices and fluctuations in foreign exchange rates, court documents showed...
9 Sep 2009
(Reuters) U.S. investment fund Lone Star has been unable to get the green light from creditors for its planned acquisition of a failed Japanese real estate investment trust (REIT), the second time the deal has been…
8 Sep 2009
A courtroom tussle over ownership of the National Hockey League's Phoenix Coyotes team threatens to deprive the NHL of something most sports leagues hold dear…
8 Sep 2009
Facet Biotech Corp said on Tuesday it had rejected an unsolicited bid by Biogen Idec Inc to acquire…
8 Sep 2009
(Reuters) China's Commerce Ministry has not rejected heavy equipment maker Tengzhong's planned purchase of GM's Hummer unit, but has asked for more information on the deal…
8 Sep 2009
(Reuters) Brookfield Incorporacoes, the Brazilian real estate unit of Canada's Brookfield Asset Management, plans to sell about 600 million reais...
8 Sep 2009
Facet Biotech Corp said on Tuesday it has rejected an unsolicited bid by Biogen Idec Inc to acquire Facet for $14.50 a share, saying the offer is inadequate and not in the best interests of shareholders…
8 Sep 2009
Ice Edge Holdings, a group of U.S. and Canadian businessmen, has dropped out of the auction set to start later this week for the National Hockey League's Phoenix Coyotes…
8 Sep 2009
(Reuters) GM Daewoo Automotive and Technology Co, a unit of General Motors, said on Friday it would raise 491.2 billion won ($396 million) in a new share sale next month...
8 Sep 2009
(Reuters) Bankrupt luxury home builder WCI Communities Inc said it has emerged from Chapter 11 as a private company, eliminating more than $2 billion in debt and liabilities...
8 Sep 2009
(Reuters) Japan's Toshiba Corp plans to bid for French nuclear group Areva's power transmission and distribution unit, four sources with direct knowledge of the situation said, in a deal that could top $5 billion...
8 Sep 2009
(Reuters) Credit Suisse is in talks to buy a unit of Mesirow Financial in a bid to expand in the hedge fund industry, the Wall Street Journal said on Thursday citing people familiar with the deal…l
8 Sep 2009
Blank-check company Orbit Acquisition Corp. withdrew its filing for an initial public offering on Friday, citing "market conditions" in a letter to U.S. regulators...
8 Sep 2009
(Reuters) China's largest pharmaceutical products distributor, Sinopharm Group Co Ltd, is set to raise up to HK$8.73 billion ($1.13 billion) in an initial public offering of shares in…
8 Sep 2009
Deutsche Telekom and France Telecom have launched exclusive talks to merge their British mobile units in a joint venture that would grab the top spot in the cut-throat UK market...
8 Sep 2009
Aecon Group Inc plans to raise up to C$172.5 million ($160 million) to pump into new construction projects, the company said on Tuesday, just days after announcing three multimillion-dollar contract wins…
8 Sep 2009
Commercial mortgage defaults of loans made by banks are projected to peak in 2011, and could set a new record next year, according to a report released on…
8 Sep 2009
Biogen Idec Inc said on Friday it offered to acquire Facet Biotech Corp, a partner in developing multiple sclerosis and cancer drugs, in a deal valued at…
8 Sep 2009
Independent oil exploration company Cobalt International Energy Inc became the latest private equity-owned company to seek to raise money in an initial public offering...
8 Sep 2009
Kraft Foods said it was intent on pursuing Britain's Cadbury, which soared in value after it snubbed a premium-rich bid from the U.S. group, reinforcing hopes of a broader-based pick-up in merger activity…
8 Sep 2009
HSBC Holdings Plc, Europe's biggest bank, said on Tuesday that it had appointed underwriters for an initial public offering in Shanghai, without giving names...
7 Sep 2009
China Unicom's move to deepen ties with Spain's Telefonica could add pressure on its domestic rivals to seek similar tie-ups as they build out complex 3G networks following…
5 Sep 2009
Bayer plans to de-list its American Depositary Shares (ADS) from the New York Stock Exchange (NYSE) to save around 15 million euros ($20 million) a year…
4 Sep 2009
Warren Buffett's Berkshire Hathaway Inc and Leucadia National Corp agreed to buy Capmark Financial Group Inc's mortgage loan…
4 Sep 2009
Banco Santander SA, the Brazilian unit of Spain's Santander (SAN.MC), filed on Thursday for an initial public offering in Brazil and the United States, in what could…
4 Sep 2009
Suncor Energy Inc, newly bulked up from its C$22.5 billion ($20.8 billion) acquisition of Petro-Canada, starts trading this week as Canada's biggest energy company and…
4 Sep 2009
U.S. antitrust officials on Thursday approved plans by General Motors Co to acquire certain assets of bankrupt Delphi Corp...
4 Sep 2009
GHL Acquisition Corp on Friday said it reached new agreements to repurchase more than 2.4 million of its shares so it can vote those shares in favor of its proposed takeover of Iridium…
4 Sep 2009
China's largest online game firm Shanda Interactive plans to raise as much as $800 million in a U.S. IPO for its games unit, to help it monetize its…
4 Sep 2009
U.S. securities regulators missed "numerous" red flags that may have led to Bernard Madoff's $65 billion Ponzi scheme and never did a "thorough and competent" probe…
3 Sep 2009
Diebold Inc said it expects a pretax loss for 2009 following the sale of its U.S. voting machines business to Election Systems & Software Inc on Wednesday…
3 Sep 2009
(Reuters) European Union antitrust regulators launched on Thursday an in-depth probe into U.S. software firm Oracle's $7 billion takeover of computer maker Sun Microsystems…
3 Sep 2009
(Reuters) Cerberus Capital Management said on Wednesday it will prohibit investors in new hedge funds from withdrawing money for three years….
3 Sep 2009
(Reuters) Dainippon Sumitomo Pharma Co Ltd agreed on Thursday to buy U.S. drugmaker Sepracor Inc for $2.6 billion, giving the Japanese firm a big, local sales force in the world's largest drugs market…
2 Sep 2009
Pfizer Inc agreed on Wednesday to plead guilty to a criminal charge relating to promotions of its now-withdrawn Bextra pain medicine and will pay a record $2.3 billion to settle allegations it improperly marketed 13 medicines…
2 Sep 2009
Las Vegas Sands Corp, the world's largest casino firm, has secured commitments to raise up to $600 million through the sale of exchangeable bonds…
2 Sep 2009
Western Lithium Canada Corp said it would raise up to C$15.2 million in private placement to fund ongoing engineering and development studies for the company's lithium project in Nevada...
2 Sep 2009
Troubled U.S. lender CIT Group on Tuesday said it deferred an interest payment on some notes, sending its shares down as much as 17 percent...
2 Sep 2009
India-focused wind farms operator Indian Energy Ltd raised 9.75 million pounds ($15.75 million) through a placing and went public on Wednesday on the…
2 Sep 2009
(Reuters) Danish conglomerate A.P. Moller-Maersk is readying a war chest for proceeds from a $1 billion-plus share placement and crossing its fingers…
2 Sep 2009
(Reuters) Large derivatives dealers will agree to submit 95 percent of eligible credit derivative trades to central clearinghouses beginning in October...
1 Sep 2009
South Korea plans to offer a tax waiver on foreign investors' interest income from sukuk issued by its companies to encourage fund raising from Islamic bond markets…Abstract:
1 Sep 2009
Irish drugmaker Elan Corp PLC said on Thursday it has filed suit against Biogen Idec Inc in a bid to block Biogen from gaining control of the multiple sclerosis drug Tysabri...
1 Sep 2009
Bally Total Fitness today announced that it has emerged from chapter 11 bankruptcy, having completed the reorganization outlined in its Amended Joint Plan of Reorganization...
1 Sep 2009
Canada will apply existing foreign ownership laws to PetroChina's bid to buy Canadian oil sands assets but will not introduce further barriers to investing in the…
1 Sep 2009
Chariot Resources Ltd urged its shareholders on Tuesday to vote for its management's nominees and reject a slate of four directors nominated by Lundin Mining Chairman Lukas Lundin...
1 Sep 2009
Visa Inc, the world's largest payment network, will pay $682 million to U.S. merchants to complete a legal settlement, paying early to get a discount from the…
1 Sep 2009
U.S. regulators warned broker-dealer firms about creating incentives that may lead their brokers to engage in questionable conduct such as recommending unsuitable investment products…
1 Sep 2009
(Reuters) Creditors of bankrupt Hayes Lemmerz International Inc dropped demands to investigate the car wheel maker…
1 Sep 2009
CareFusion Corp shares edged higher in initial trading on Tuesday, the Cardinal Healthspinoff's first day as an independent company...
1 Sep 2009
(Reuters) EBay Inc plans to sell a 65 percent stake in its online phone unit Skype for $1.9 billion to private investors including Silver Lake and a venture firm run by Netscape co-founder Marc Andreessen….
1 Sep 2009
Sony Corp said it would sell an LCD TV assembly plant in Mexico to Taiwan's Hon Hai Precision Industry in a bid to cut costs by contracting out production and turn around its…
1 Sep 2009
(Reuters) PetroChina is set to pay C$1.9 billion ($1.7 billion) for a 60 percent stake in two planned Canadian oil sands projects, China's biggest investment yet in one of the world's largest untapped oil regions...
1 Sep 2009
AngloGold Ashanti Ltd said on Tuesday it planned to raise $284 million in a share issue to finance its proposed acquisition of a 50 percent stake in…
1 Sep 2009
Gain Capital Holdings Inc, an online provider of retail foreign exchange trading services, is planning to raise up to $125 million in the public markets…
1 Sep 2009
Crexus Investment Corp estimates its planned initial public offering will yield $500 million, according to an updated prospectus filed on Monday with the U.S. Securities and Exchange Commission...
1 Sep 2009
Information technology services provider Ness Technologies Inc said on Tuesday the Tel Aviv Stock Exchange approved its request to…
1 Sep 2009
The Islamic private equity market is expected to profit from distressed sellers dumping assets cheaply and from a rise in mergers and acquisitions, an executive at a…
1 Sep 2009
Chemicals maker Huntsman Corp said on Monday it would bid $415 million for some assets of bankrupt rival Tronox Inc to expand its pigments business…
1 Sep 2009
(Reuters) Bank of America is offering to repay part of the U.S. government bailout money, starting with the $20 billion it received in January to help with…