NEWS
May 2012
31 May 2012
Taiwan's cabinet said on Friday it had reached a consensus with ruling party lawmakers on a capital gains tax plan that would be tougher on major shareholders than an earlier proposal, in the lastest twist over the controversial plan...
31 May 2012
U.S. bank regulators are holding daily, high-level calls to try to understand how a seemingly low-risk unit at JPMorgan was able to amass a $2 billion trading loss, but there are no immediate...
31 May 2012
Two U.S. Securities and Exchange Commission senior officials who played an integral role in implementing a major structural overhaul of the agency's enforcement division are departing for private practice.
31 May 2012
Xstrata certainly understands golden handcuffs. For its merger with Glencore to go ahead, shareholders have to endorse 172 million pounds ($266 million) of...
31 May 2012
London luxury jeweller Graff Diamonds ditched its $1 billion initial public offering Thursday, adding to a chill that Facebook's botched IPO has cast over an already moribund global market...
31 May 2012
Martin Marietta Materials Inc on Friday lost what may have been a last-ditch effort to pursue its $4.5 billion hostile bid for rival Vulcan Materials Inc...
31 May 2012
Women's apparel retailer Talbots Inc, struggling with declining sales and high debt, will be bought by longtime suitor Sycamore Partners for $193.3 million, a price that is lower than the...
31 May 2012
Canada's CGI Group Inc agreed to buy Anglo-Dutch IT services firm Logica for $2.64 billion on Thursday, giving it the scale and geographical presence to meet multinational...
31 May 2012
Malaysian Prime Minister Najib Razak unveiled on Thursday the $3.3 billion listing of palm oil giant Felda Global, paving the way for Asia's largest initial public offering so far this year that could...
31 May 2012
Britain's No. 1 insurer Prudential Plc said on Thursday it is buying Swiss Re's U.S.-based life insurance business for $621 million in cash...
31 May 2012
BHP Billiton on Thursday cleared the last external hurdle for a planned $10 billion expansion of its Port Hedland harbour in Western Australia that would help the world's biggest miner double output of iron ore...
30 May 2012
NEW YORK, May 30 (Reuters) - The SEC's 18-month investigation of Green Mountain Coffee Roasters <GMCR.O> isn't finished, with revenue recognition among the items under the feds' microscope, a review of court documents shows.
30 May 2012
Billionaire investor Carl Icahn, who last year failed to get his nominees elected to the board of Forest Laboratories Inc, plans to back another slate of directors at the drugmaker's next...
30 May 2012
Shareholders threw more support behind Exxon Mobil Corp's executive compensation package following the world's largest publicly traded oil company's effort to seek more input on the matter...
30 May 2012
Martin Marietta Materials Inc may have little chance for success when it goes to Delaware's Supreme Court on Thursday for what could be a last-gasp attempt to revive its $4.5 billion hostile...
30 May 2012
Top executives of Wal-Mart Stores Inc did not directly mention a Mexican bribery scandal at an employee pep rally on Wednesday, but asked their international workers to focus on "integrity"...
30 May 2012
As the securities industry finally warms up to using social media sites such as Facebook and LinkedIn, regulators are discovering that brokerages and investment advisers are off to a rocky start...
30 May 2012
China's securities regulator has issued fresh details on new rules for initial public offerings (IPOs) that aim to monitor pricing in order to curb speculative trading...
30 May 2012
A vice president at Agricultural Bank of China Ltd, China's No. 3 bank by market value, is under investigation by the Communist Party's discipline authorities, a source with direct knowledge of the matter said on Wednesday...
30 May 2012
The European Central Bank is set to be more flexible in its purchases of covered bonds at a time when Spanish, Italian, Irish, and Portuguese issuers continue to be blocked from accessing...
30 May 2012
Royal Bank of Scotland has picked UBS to help with the listing of its Direct Line insurance arm this year, one of the biggest planned listings in London, people familiar with the matter said...
30 May 2012
Metro is selling its loss-making UK cash & carry business to Britain-based peer Booker Group Plc, in a deal valued at 139.7 million pounds ($219 million) after the German retailer failed to make its mark on the UK market...
30 May 2012
Global regulators said on Wednesday they will issue proposals in coming weeks on rules to encourage banks to put derivative trades through a central clearing house, but they won't be ready for the G20 summit in June...
30 May 2012
Government of Singapore Investment Corp (GIC) and Canada's Ontario Teachers Pension Plan are among final bidders to buy stakes in South Korea's unlisted Kyobo Life Insurance, sources said, in deals worth up to $1.4 billion...
29 May 2012
Copper producer China Nonferrous Mining Corp has pulled its planned Hong Kong initial public offering of up to $313 million due to worsening market conditions, becoming the second major IPO to...
29 May 2012
Australia's Origin Energy is considering a share sale worth close to A$1 billion ($985 million) as it inches closer to a final investment decision over the second phase of its domestic LNG project, two sources said...
29 May 2012
Shareholders of Canada's largest grain handler, Viterra Inc, voted overwhelmingly on Tuesday in favor of a friendly takeover bid by Swiss commodities trader Glencore International Plc, pushing...
29 May 2012
Industrial products distributor Interline Brands Inc has agreed to be bought for $1.1 billion including debt by its third-biggest shareholder P2 Capital Partners, and the private equity arm...
29 May 2012
Starting in July, dealers in the U.S. municipal bond market will have a simpler time identifying customers who qualify as sophisticated investors and more buyers will be...
29 May 2012
Japanese trading house Marubeni Corp will buy U.S. grain merchant Gavilon for $3.6 billion, a landmark deal that may put it in pole position to benefit from China's booming demand for...
29 May 2012
The head of New York's state pension fund urged shareholders of Chesapeake Energy Corp to withhold votes to re-elect two members of the natural gas producer's board...
29 May 2012
Austrian engineer Andritz has offered 20 euros per share for German peer Schuler and said it had bought a 38.5 percent stake at that price, in a deal that would see it expand in...
29 May 2012
U.S. securities regulators are looking into whether Nasdaq violated any technical exchange rules when it botched Facebook Inc's market debut last week...
29 May 2012
Defense equipment manufacturer Teledyne Technologies Inc said it would buy LeCroy Corp or $240.5 million in cash to strengthen its analytical instrumentation business...
29 May 2012
Opera Software would cost Facebook over $1 billion as competition from Google and others could push up the price tag, analysts said on Tuesday, as takeover talk pushed the shares...
29 May 2012
State Grid Corp of China has agreed to buy electricity transmission assets in Brazil from Spanish builder Actividades de Construcción y Servicios SA (ACS) for $531 million and assume debt...
29 May 2012
Russian social network VKontakte says it won't risk going ahead with its planned initial public offering fearing a repeat of the botched Facebook float which left U.S. regulators red-faced and...
29 May 2012
Forest Oil Corp said a lawsuit was brought against it and Lone Pine Resources Inc, which it earlier owned, that alleged Lone Pine made false statements and hid certain facts in its IPO...
29 May 2012
Marubeni's swoop on a major U.S. agricultural trader goes with the grain. The Japanese trading conglomerate will pay around $5.2 billion to acquire the privately held Gavilon...
29 May 2012
Thomas Cook shareholders have overwhelmingly backed two disposals that are pivotal to the travel operator's recovery plan, sources said on Tuesday...
29 May 2012
South Africa's AngloGold Ashanti Ltd has agreed to buy the 50 percent of Brazil's Crixas gold mine it does not already own for $220 million cash from Kinross Gold Corp as part of its...
29 May 2012
The bad news is that the Greek stock market is down 58% over the past year; the good news is that it's up 7% today. So far, so uncontroversial: while it's possible to quibble with the standard CNBC convention that rising stock prices are always good and that falling stock prices are always bad, in the case of Greece it's much harder...
29 May 2012
The crippled law firm Dewey & Leboeuf LLP filed for chapter 11 bankruptcy protection Monday night and will seek approval to liquidate its business after failing to find a merger partner, marking the biggest collapse of a law firm in U.S. history...
28 May 2012
Russia's No.2 oil producer LUKOIL is planning a Hong Kong listing next year to attract more Asian investors, the Financial Times reported, citing a company executive...
28 May 2012
JPMorgan Chase & Co has injected 2.5 billion yuan ($394.08 million) into its China unit, the latest foreign bank to beef up its Chinese operations...
27 May 2012
The European Union is set to launch a major trade case against China's biggest telecom equipment makers, arguing that they have benefited from illegal government subsidies, the Financial Times said...
25 May 2012
Canada will boost the threshold at which it will review proposed foreign takeovers of Canadian companies, the industry minister said on Friday, but he stopped short of...
25 May 2012
The Commodity Futures Trading Commission will hold a roundtable on June 5 to discuss a controversial rule aimed at protecting price discovery in the swaps and futures...
25 May 2012
Investors can hope the debut of options on Facebook Inc goes more smoothly than the long-awaited debut of the social networking service's stock on May 18...
25 May 2012
Wal-Mart Stores Inc's annual meeting in northwest Arkansas was supposed to be an unbridled celebration of the world's largest retailer's 50th anniversary...
25 May 2012
U.S. tax regulators are preparing for a potential tax hike on profits earned by private equity managers such as Republican presidential candidate Mitt Romney known as "carried interest"...
25 May 2012
China will allow private investment in state companies when they restructure or sell shares, the powerful watchdog of China's state-owned firms said on Friday, but gave few details on...
25 May 2012
Silicon Valley isn't quite ready to dump Morgan Stanley over the Facebook IPO fiasco...
25 May 2012
Lehman Brothers Holdings Inc said it has bought the remaining 26.5 percent of apartment company Archstone that it doesn't already own from Barclays Capital and Bank of America Corp...
25 May 2012
British Airways-owner IAG said its joint business with Japan Airlines had received competition clearance, allowing the pair to cooperate commercially on flights between Europe and...
25 May 2012
Takeda Pharmaceutical, Japan's top drugmaker, is to buy Brazil's Multilab for up to 540 million Brazilian reals ($265 million) in a deal highlighting global drugmakers' appetite for emerging market sales...
25 May 2012
For funds which market themselves on their ability to spot the sharpest hedge fund minds, it could be their greatest challenge yet. Investors who once trusted them to find the best returns...
25 May 2012
Knock-out data for Actelion's big new drug hope could be a double-edged sword for embattled founder and CEO Jean-Paul Clozel, making it a worthy buy for pharma companies...
25 May 2012
Yuanta Financial has pulled out of talks on a deal worth up to $1.25 billion to buy Carlyle Group-backed Taiwanese bank Ta Chong, dealing a blow to the private equity fund's hope to exit its Taiwan investment for a profit...
25 May 2012
The owners of Evonik on Friday confirmed they plan to list the shares of the specialty chemicals company on the Frankfurt stock exchange, in what will likely be one of the largest German share offerings this summer...
25 May 2012
Hong Kong's Cube Capital and Marc Faber-backed Leopard Capital are among Asian private equity firms lining up nearly $500 million aimed at Myanmar, hoping to tap into its rich natural resources and fill its infrastructure void, as sanctions on the former pariah state are lifted...
24 May 2012
Sovereign wealth fund China Investment Corp (CIC) is in advanced talks to buy an up to $2 billion stake in Alibaba Group, sources told Reuters, as the Chinese e-commerce powerhouse looks to secure the last of the funding it needs to buy back part of its stake from Yahoo Inc...
24 May 2012
Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands...
24 May 2012
McDonald's Corp investors soundly rejected a shareholder proposal that would have required the world's biggest fast-food chain to assess its impact on childhood obesity.
24 May 2012
The US corporate bond market has shown Facebook how it's done today, by pricing a bond offering of almost $10 billion from United Technologies Corp, making it the biggest investment-grade...
24 May 2012
Shareholders of Astral Media Inc signed off on telecom company BCE Inc's takeover of the Montreal-based television and radio firm on Thursday, leaving only regulatory hurdles in the way...
24 May 2012
Trafigura and U.S. aluminum producer Ormet Corp have formed a joint venture to buy bauxite, alumina and aluminum projects, they said on Thursday, as the Swiss trading house...
24 May 2012
Spanish cable company ONO battled through tough European credit market conditions and signed a 1.4 billion euro ($1.76 billion) loan refinancing to resolve its looming 2013 maturities...
24 May 2012
An arbitrator ruled Kuwait's state-run chemical company must pay Dow Chemical Co $2.16 billion for wrongly canceling a planned plastics joint venture in 2008...
24 May 2012
China Auto Rental has formally withdrawn its application to hold an initial public offering in the United States, marking an end to the first attempt by a Chinese firm to list in New York since...
24 May 2012
General Mills Inc agreed to buy Brazilian food company Yoki Alimentos SA for about 1.75 billion Brazilian reais ($857 million) as it seeks a greater foothold in Latin America...
24 May 2012
LONDON, May 24 (Reuters) - A UK competition probe could define the future of the "Big Four" accounting firms after the European Union delayed its reform of the multi-billion euro sector until after it reports.
24 May 2012
Georgia postponed a planned London listing of its state railways monopoly on Thursday, dealing a fresh blow to IPO markets as investors struggle with volatile share prices...
24 May 2012
Private equity firms Silver Lake Partners and Partners Group are set to write an equity cheque of around 600 million euros ($755 million) to back their 1-billion euro acquisition of tax-free...
24 May 2012
Official data from the US Federal Reserve have laid bare the eye-watering size of trading positions built up by JP Morgan's chief investment office in synthetic credit indices...
24 May 2012
Aircraft equipment supplier Wesco Aircraft Holdings Inc said it will buy Canadian fasteners distributor Interfast Inc for C$134 million ($130.32 million) in cash...
24 May 2012
Japan Tobacco Inc (JT), the world's third-largest cigarette maker, said on Thursday it will buy Belgian tobacco product maker Gryson NV for 475 million euros...
24 May 2012
Europe's second-highest court on Thursday threw out MasterCard's challenge of a European Union ban on its cross-border credit card fees...
24 May 2012
China's Hanlong Mining has put back by six months a target date to seal a A$1.34 billion ($1.3 billion) takeover of Australian iron ore group Sundance Resources, as Chinese investment in Australian resource projects cools this year...
24 May 2012
Japanese chipmaker Renesas Electronics Corp said on Thursday it will tie up with Taiwan Semiconductor Manufacturing Co in the microchip business as it struggles to keep up with aggressive competitors while racking up heavy losses...
24 May 2012
A court in Macau on Wednesday formally accepted an accusation by the public prosecutor that Lau had a case to answer on the charges, the company said. The court denied a request by Lau....
23 May 2012
Facebook Inc and lead underwriter Morgan Stanley were sued by shareholders who claimed they hid the social networking company's we akened growth forecasts ahead of its $16 billion...
23 May 2012
Artists are not renowned for financial savvy, but their success in raising money on the Internet through donations to crowdfunding websites like Kickstarter and Indiegogo could lead the way...
23 May 2012
Thailand's PTT Exploration and Production has trumped Royal Dutch Shell's bid for Mozambique-focused explorer Cove Energy by offering 1.22 billion pounds...
23 May 2012
Oaktree Capital Management said it would invest $225 million in the ailing Diamond Foods Inc to help the company shore up its balance sheet, meet funding needs and support growth...
23 May 2012
Ivanhoe Mines, an affiliate of mining giant Rio Tinto, said on Wednesday it intends to proceed with a rights offering open to all existing shareholders that would raise about $1.8 billion...
23 May 2012
GlaxoSmithKline said it would not proceed with its $2.6 billion offer for Human Genome Sciences unless the U.S. biotechnology company dropped a "poison pill" shareholder...
23 May 2012
Electronic storage device maker Seagate Technology Plc plans to buy a 64.5 percent stake in France-based digital storage devices maker LaCie in a $186 million deal...
23 May 2012
The U.S. Securities and Exchange Commission will look into the "appropriateness and completeness" of JPMorgan Chase & Co's financial reporting, SEC Chairman Mary Schapiro told the Senate...
23 May 2012
Canadian pharmaceutical company QLT Inc said a group of institutional shareholders was looking to gain control of the company by nominating a slate of directors to its board...
23 May 2012
Commodities firm Cargill is looking to buy Goodman Fielder's edible fats and oils business, reviving a deal that Australia's competition watchdog rejected two years ago...
23 May 2012
China is rolling out sweeping brokerage reforms to nurture future global investment banks that officials hope could eventually compete with the likes of Goldman Sachs and Morgan Stanley, a regulatory document showed...
23 May 2012
Mongolian iron ore miner Altain Khuder plans to raise about $300 million through a Hong Kong IPO, a source with knowledge of the matter told Reuters, underscoring a push by mining companies from the...
22 May 2012
Top European software company SAP AG plans to buy Ariba Inc in a deal valuing the business and commerce network company at $4.3 billion, its latest maneuver against Oracle...
22 May 2012
China signalled on Wednesday it wanted to ramp up private investment in its energy sector, in line with recently unveiled government plans to fast-track infrastructure investment to help combat the nation's slowing economy...
22 May 2012
British bank Barclays will sell its nearly 20 percent stake in BlackRock at a discount, sending the U.S asset manager's shares down 2 percent after the bell...
22 May 2012
As regulators scrutinize Facebook's problem-plagued stock market debut, they may have to confront areas of securities law that do not always clearly spell out what industry analysts are allowed...
22 May 2012
Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and...
22 May 2012
China faces "invisible impediments" to investing in some parts of Europe, with Europeans nervous about allowing it to move into sectors such as nuclear power...
22 May 2012
The Chief Executive of Swiss engineering group ABB Ltd, which closed its purchase of Thomas & Betts this month, said he will focus on integrating the acquisition and ruled out...
22 May 2012
The Ontario Securities Commission charged Sino-Forest Corp and some of the Chinese forestry company's former executives with fraud on Tuesday, nearly a year after the allegations...
22 May 2012
The second largest U.S. public pension fund said on Tuesday it plans to vote all of its Wal-Mart Stores Inc shares against the board in the wake of bribery allegations in Mexico...
22 May 2012
Spain's attempts to merge more of its troubled banks is being watched intently to see whether the government adopts a different approach, following the failure of the forced merger of...
22 May 2012
Wall Street's watchdog wants more details about brokerages' business affiliates and has a clear message for responding to its requests: Do not resist...
22 May 2012
Facebook's lackluster IPO performance is a black eye for many on Wall Street and could have ramifications for similar upcoming deals such as an offering by Twitter, but venture...
22 May 2012
The Financial Industry Regulatory Authority has fined Citigroup Global Markets $3.5 million for providing inaccurate information related to subprime securitizations...
22 May 2012
Japanese-themed restaurant chain Benihana Inc plans to go private in a $296 million deal with investment adviser Angelo Gordon & Co, which specializes in alternative investments...
22 May 2012
Commodities trader Glencore has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth $480 million, marking the first step in a planned merger...
22 May 2012
Accor is to sell its troubled U.S. budget hotel business for $1.9 billion to private equity group Blackstone, in an expected move by the French hotel group to focus on growth outside the United States.
22 May 2012
Two privately-held Chinese companies are drawing up rules for a trading scheme to regulate emissions from the country's aviation sector, according to sources...
22 May 2012
Qantas Airways is separating its loss-making international business from its profitable domestic operations, and assigning the boss of its frequent-flyer division, the airline's No.2 money spinner, to turn around the ailing global segment...
22 May 2012
RWE's sale of assets from its oil and gas exploration unit DEA may prove complicated but could fetch up to 1.25 billion euros ($1.6 billion) and ease the pain of a fast-track nuclear exit...
21 May 2012
The U.S. government has filed three lawsuits against a group of large banks over losses on soured mortgage debt purchased by two small Illinois banks that failed in 2009...
21 May 2012
Yahoo's $7.1 billion Alibaba deal has simplicity on its side. The internet firm has spent years trying to unravel its Asian assets while avoiding capital gains tax. This straightforward transaction...
21 May 2012
Burned by the memory of deals gone bad, top U.S. conglomerates have backed away from big acquisitions, saying the risks of $10 billion takeovers aren't worth it...
21 May 2012
Lead Facebook Inc underwriter Morgan Stanley took a bet earlier this week when it increased the size of the social networking firm's $16 billion initial public offering and it boosted...
21 May 2012
European Union countries agreed on Monday to press for new controls on credit ratings agencies, with a law to challenge the power of the debt raters whose downgrades of countries...
21 May 2012
Eaton's purchase of rival Cooper Industries is a rare exception to the norm, where takeovers punish the acquirer's shareholders. If only all M&A worked like this...
21 May 2012
British oil explorer Cove Energy said shareholders should accept a $1.8 billion takeover offer from Royal Dutch Shell, with just days remaining before a deadline for the deal...
21 May 2012
Nasdaq OMX Group Inc said it is changing its initial public offering trading procedures following glitches in Facebook Inc's market debut that left some traders unsure...
21 May 2012
DaVita Inc, the biggest U.S. operator of dialysis clinics, has agreed to buy privately-held HealthCare Partners for about $4.42 billion in cash and stock to expand into new markets to help...
21 May 2012
A British court has upheld the Financial Services Authority's decision to fine and ban two former advisers at Swiss bank UBS for unauthorised trading worth billions of pounds...
21 May 2012
China-based Sino Clean Energy Inc said a local court asked it to close its plant in Dongguan in China pending the outcome of a lawsuit filed against Yongchang Paper Industry Co Ltd...
21 May 2012
Diversified industrial manufacturer Eaton Corp struck a deal to buy electrical equipment maker Cooper Industries for $11.8 billion in cash and stock, paying a 29 percent premium to broaden...
21 May 2012
British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings...
21 May 2012
Houghton Mifflin Harcourt Publishers Inc filed for bankruptcy protection on Monday after the textbook publisher reached agreement with a majority of its creditors to cut...
21 May 2012
Carl Icahn said he has raised his stake in CVR Energy Inc to 80 percent, giving the billionaire investor total control over the oil refiner's board more than three months after...
21 May 2012
NGL Energy Partners LP said it will buy equity interests in High Sierra Energy LP and its general partner for $693 million to add crude oil transportation and water treatment services...
21 May 2012
Japan will start negotiations on an investment treaty with Myanmar on Wednesday, the trade ministry said, as corporations around the world scramble to do business in one of the last...
21 May 2012
Chinese conglomerate Dalian Wanda Group agreed to buy AMC Entertainment for $2.6 billion, including debt, making it the biggest theatre operator in the United States...
21 May 2012
Alibaba has finally reached a truce with Yahoo, offering at least $7 billion to buy back its own shares. The timing is good, but a successful outcome will heap pressure on Alibaba...
21 May 2012
Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the...
18 May 2012
The Commodity Futures Trading Commission has opened an investigation into possible wrongdoing at JPMorgan Chase & Co in connection with the bank's...
18 May 2012
Intelsat Global Holdings S.A., which provides satellite communications services, filed with U.S. regulators on Friday to raise up to $1.75 billion in an initial public offering...
18 May 2012
For a company that is dramatically upending business strategies and social relationships around the world, Facebook Inc made a surprisingly modest debut on the Nasdaq...
18 May 2012
Facebook's initial public offering on Friday showcases the best and worst sides of capitalism. And yet the flip side of such indulgence is worth admiring...
18 May 2012
A labor-backed investor group critical of JP Morgan Chase & Co.’s corporate governance said the bank has failed to address concerns over its risk oversight and it will try...
18 May 2012
Shooting from the hip may have got Jamie Dimon into deep trouble -- shooting straight may help to get him out of it...
18 May 2012
U.S. municipal bond sales are expected to swell to $9 billion next week, up from this week's revised total of $6.7 billion, according to estimates...
18 May 2012
Winnebago Industries Inc said it received an unsolicited buyout offer from North Street Capital LP, the investment firm of racing car enthusiast Alex Mascioli...
18 May 2012
The ease with which JP Morgan's chief investment office appears to have built a US$100bn position in an illiquid credit index without the blink of a regulatory eyelid has called into question...
18 May 2012
Temasek is taking a stand – sort of – on corporate governance. The Singaporean state investment fund abstained last week from backing the re-election of a group of board directors...
18 May 2012
High-end jeweller Graff Diamonds is forging ahead with an initial public offering to raise up to $1 billion, setting a price range on Friday for its Hong Kong flotation despite...
18 May 2012
Troubled Italian insurer Fondiaria-SAI has proposed terms for a planned merger with rival Unipol that may prove an obstacle to a deal to create Italy's No. 2 insurer...
18 May 2012
Russian investment and trading group Summa has agreed with businessman Sergei Generalov to buy control of transport group FESCO for around $1 billion...
18 May 2012
Dutch food and chemicals firm DSM is buying the world's biggest producer of a fish oil extract believed to boost brain power for about 420 million euros...
18 May 2012
The European Commission and the European Central Bank are working on an emergency scenario in case Greece has to leave the euro zone, EU trade commissioner Karel De Gucht said in an interview published on Friday...
18 May 2012
Mongolia's parliament passed a controversial law aimed at capping foreign ownership in "strategic" industries like mining on Thursday, but investors expressed relief that the legislation was weaker than first anticipated...
18 May 2012
Cable & Wireless Worldwide could use its expected poor set of results on Monday to justify its support for a takeover by Vodafone, a deal that its largest shareholder...
17 May 2012
China instant noodle and beverage maker Tingyi said on Friday it is setting up a $24 million joint venture with Japan ham and sausage maker Prima Meat Packers to jointly...
17 May 2012
Silicon Valley startup Pinterest raised $100 million from a group led by Japanese online retailer Rakuten Inc, valuing the company at about $1.5 billion and underscoring...
17 May 2012
The Commodity Futures Trading Commission is set to make it easier for traders to avoid triggering curbs aimed at reining in speculation in commodities markets...
17 May 2012
Lawmakers showed little support on Thursday for tinkering with a regulatory policy of settling cases without requiring defendants to admit to misconduct...
17 May 2012
U.S. securities regulators are investigating the hedge fund Magnetar Capital for its role in putting together packages of consumer loans that big banks sold as bonds before...
17 May 2012
The White House, following a trading loss of more than $2 billion by JPMorgan, wants to ensure a tough interpretation of a regulation aimed at preventing banks from...
17 May 2012
It's the biggest parlor game on Wall Street: Estimating how large JPMorgan Chase & Co's trading loss will be from a hedging strategy that went wrong...
17 May 2012
Prudential, Britain's No. 1 insurer, said investors holding 30.33 percent of its shares voted against its executive pay plans, the latest in a wave of shareholder revolts against...
17 May 2012
Electronics testing equipment maker Agilent Technologies Inc will buy Danish cancer diagnostics company Dako from Sweden-based private equity group EQT...
17 May 2012
Warren Buffett's Berkshire Hathaway Inc is making another bet on the newspaper industry, with a deal to buy the majority of Media General Inc's papers for...
17 May 2012
Formula One's new refinancing loan has drawn an anchor order of $200 million from an institutional account at 350bp over Libor with a 1 percent Libor floor and...
17 May 2012
Compliance professionals advising companies planning to raise money under relaxed "JOBS Act" general solicitation rules must be prepared to show the SEC...
17 May 2012
Human Genome Sciences Inc said on Thursday it had adopted a stockholder rights plan as the biotechnology company defends itself against a $2.6 billion hostile takeover bid...
17 May 2012
Sears Holdings Corp said on Thursday it plans to spin off a large part of its stake in its Canada unit, which Chairman Edward Lampert spent years trying to gain control of...
17 May 2012
The world's leading outdoor advertising groups JCDecaux and Clear Channel have agreed to measures designed to open up the market for advertising on bus shelters and other street furniture, Britain's Office of Fair Trading (OFT) said on Thursday...
16 May 2012
Sprint Nextel believes U.S. regulators are open to large telecom deals despite their opposition to an AT&T Inc deal last year, but Sprint itself will try to avoid doing...
16 May 2012
Internet company AOL Inc, which has been engaged in a long-standing proxy fight with Starboard Value, urged shareholders to vote against the...
16 May 2012
Casino operator Boyd Gaming Corp said it will buy Peninsula Gaming for $1.45 billion to add five properties in Kansas, Iowa and Louisiana...
16 May 2012
Swiss engineering group ABB Ltd completed the purchase of U.S. electrical components maker Thomas & Betts Corp, less than a week after EU regulators cleared...
16 May 2012
The Financial Industry Regulatory Authority said it has added features to a free research tool to help investors check the background of brokers and brokerages...
16 May 2012
LegalZoom's planned initial public offering evokes a future beyond dying law firms. It's coincidence that the U.S. self-help legal website's $120 million filing has landed...
16 May 2012
JPMorgan Chase & Co was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that...
16 May 2012
Sonic shares jumped 2 percent to a 10-month high of A$12.80 after the announcement on Wednesday and last traded at A$12.74...
16 May 2012
Facebook Inc increased the size of its initial public offering by almost 25 percent, and could raise as much as $16 billion as strong investor demand for a share of...
16 May 2012
On the face of it, Universal Music Group's bid to buy a big chunk of EMI stands to make the world's leading music company an even more formidable force...
16 May 2012
China Resources Gas Group Ltd (CR Gas) agreed to buy AEI China Gas Ltd for $238 million from a group of investors including Goldman Sachs to enlarge its...
16 May 2012
LONDON/FRANKFURT, May 16 (Reuters) - The JPMorgan Chase & Co. <JPM.N> unit that lost more than $2 billion through a failed hedging strategy had looser risk controls than the rest of the bank, according to people familiar with the situation.
16 May 2012
Swiss dental implants maker Straumann is buying a 49 percent stake in Brazil's Neodent for 260 million Swiss francs ($277 million), a pricey attempt to expand...
16 May 2012
Indian drugmaker Piramal Healthcare is buying a U.S.-based healthcare data provider for $635 million to boost research and development, in the biggest outbound acquisition by...
16 May 2012
China's bank regulators are examining the causes of volatility in the pace of new lending, but have no plans to make changes to the loan-to-deposit ratio that banks...
15 May 2012
General Electric Co said on Tuesday it was buying two mining equipment firms, Australia's Industrea Ltd for $700 million as well as a privately held U.S. company...
15 May 2012
Brazil's JBS, the world's largest meat producer, looked set to proceed with the purchase of smaller rival Independencia on Tuesday after creditors in the company accepted...
15 May 2012
Argentina's Petersen Group will not make a roughly $400 million syndicated loan payment to banks that helped it buy a stake in energy company YPF...
15 May 2012
Aviva could accelerate and expand asset sales as it seeks to mend relations with shareholders who last week forced out boss Andrew Moss...
15 May 2012
A U.S. Securities and Exchange Commission probe into the way the operator of the Chicago Board Options Exchange polices itself could result in censure or...
15 May 2012
Corvex Management LP, which was founded by one of activist investor Carl Icahn's longtime associates, has taken a stake in technology company BMC Software Inc...
15 May 2012
Chesapeake Energy Corp shares dropped as much as 6.5 percent early on Tuesday after sources said the natural gas producer had increased a new bridge loan to...
15 May 2012
Kazakhtelecom, the largest fixed-line operator in Kazakhstan, aims to borrow about $200 million to fund expansion this year after paying shareholders $1.4 billion...
15 May 2012
A China-based natural gas company and its chairman were charged with fraud by the U.S. Securities and Exchange Commission for concealing loans designed to...
15 May 2012
Facebook Inc has increased the price range in Silicon Valley's biggest-ever initial public offering to raise more than $12 billion, giving the No.1 social network...
15 May 2012
Fragrance company Coty Inc withdrew its $10.7 billion takeover bid for Avon Products Inc on Monday, saying the world's largest cosmetics direct seller had...
15 May 2012
Australian gas pipeline owner Hastings Diversified Utilities Fund received a $1.25 billion takeover offer from a consortium including a Canadian fund manager On Tuesday...
15 May 2012
The U.S. Securities and Exchange Commission has suspended trading in securities of 379 companies that swindlers could use to scam investors in a crackdown on...
15 May 2012
Ten Chinese and Indian commercial airlines have failed to abide by EU law requiring them to offset their carbon emissions, while all other international carriers have complied with the scheme, the European Union's climate chief said on Tuesday...
15 May 2012
News Corp has agreed to buy a stake in Chinese movie distributor Bona Film Group Ltd , becoming the latest U.S. media company to expand into China's booming movie market...
15 May 2012
The meeting, at the bank's back-office complex in Tampa, Florida, will give investors their first crack at the CEO since he revealed on Thursday that a soured hedging strategy had cost at least $2 billion, and possibly much more...
14 May 2012
U.S. regulators crafting the final language of the Volcker rule will confer on Tuesday and are expected to discuss how JPMorgan's $2 billion trading loss may impact their work...
14 May 2012
The Federal Reserve is examining whether JPMorgan Chase & Co is taking risks elsewhere in the bank similar to the botched trading strategy that could cost...
14 May 2012
Facebook Inc will close the books on its mammoth $10.6 billion initial public offering Tuesday, according to a source familiar with the deal...
14 May 2012
Hedge fund manager Philip Falcone's dream of bringing another wireless network to the United States appeared to collapse on Monday when LightSquared Inc...
14 May 2012
America's murky bribery law is finally getting a dose of clarity. Morgan Stanley showed last month how to avoid legal charges for infractions by one of its executives, and...
14 May 2012
Rare-earth miner Molycorp Inc said on Monday it will raise up to $650 million in an offering of senior secured notes with the proceeds earmarked to help fund...
14 May 2012
U.S. banking regulators released guidance that banks with more than $10 billion in assets should follow when conducting internal stress tests to identify...
14 May 2012
Online stock photography provider Shutterstock plans an initial public offering of common stock to raise up to $115 million...
14 May 2012
BMC Software Inc adopted a shareholder rights plan to help stave off a potential acquisition, after hedge fund group Elliott called for a sale of the company and told...
14 May 2012
Banque Saudi Fransi plans to issue a five-year benchmark-sized Islamic bond, or sukuk, arranging banks said on Monday, after the lender completed...
14 May 2012
JPMorgan's $2 billion-plus trading loss raises serious questions about whether the New York Federal Reserve and other regulators were asleep at the wheel or whether it is...
14 May 2012
Ally Financial Inc's mortgage unit on Monday filed for bankruptcy and the auto lender said it will sell some international operations to help it get on a path to...
14 May 2012
Private equity firm Triton said on Monday it had struck a deal to sell Scandinavian installation services provider Bravida to investment group Bain Capital for an undisclosed sum...
14 May 2012
China has opened a new fundraising channel for purely B-share companies, which have been more or less barred from refinancing since 2004...
14 May 2012
Oil and gas producer Petroleum Development Corp (PDC) said it would buy liquids-rich assets in Colorado's Wattenberg Field for $330.6 million from...
14 May 2012
China Yongda Automobiles Services has launched its Hong Kong initial public offering, aiming to raise as much as HK$3.37 billion ($434 million), IFR, a Thomson Reuters publication reported on Monday...
14 May 2012
Spain's second-largest bank BBVA said on Monday it would set aside provisions worth around 1.8 billion euros ($2.3 billion) to meet new capital requirements demanded by a sector reform passed on Friday...
14 May 2012
XiDeLang, voted by Forbes as one of Asia's best companies with under $1 billion in revenue in 2011, has been quoted as saying it was disappointed with...
13 May 2012
Sun Hung Kai Properties <0016.HK> board member Thomas Chan is set to return for bail renewal at Hong Kong's anti-corruption agency on Monday in a widening graft scandal involving one of Asia's richest families...
11 May 2012
Retail giant Wal-Mart Stores Inc, faced with allegations that its Mexican unit paid $24 million in bribes to accelerate its expansion, could be forced to hire...
11 May 2012
The Western Canadian province of Saskatchewan said on Friday it wants Ottawa to impose conditions on Swiss-based Glencore's C$6.1 billion ($6.1 billion) takeover bid...
11 May 2012
Houghton Mifflin Harcourt Publishers Inc has reached a deal with more than 70 percent of its creditors to cut $3.1 billion in debt as it faces a lagging textbook market due to...
11 May 2012
Cancer drug maker OncoMed Pharmaceuticals Inc filed with U.S. regulators on Friday to raise up to $115 million in an initial public offering of common stock...
11 May 2012
Private equity firm Permira has received tentative bids for the sale of its frozen food company Iglo, the maker of Birds Eye fish fingers, which is expected to...
11 May 2012
Guggenheim Partners' talks to buy a full range of asset management businesses from Deutsche Bank for 1.4 billion euros ($1.81 billion) haven fallen apart after...
11 May 2012
Gas-rich Qatar is ploughing more of its commodity wealth back into the sector with the purchase of a major stake in Royal Dutch Shell while also reportedly eyeing...
11 May 2012
Formula One launched its $1.8 billion loan, which will refinance its existing debt in conjunction with the company's upcoming initial public offering (IPO)...
11 May 2012
Cytec Industries Inc will sell its self-adhesive business to German consumer goods company Henkel for $105 million in cash to focus on...
11 May 2012
Casino settled scores with unruly partners on Friday as shareholders overwhelmingly approved plans to ditch Brazilian tycoon Abilio Diniz and Galeries Lafayette...
11 May 2012
Private equity's bubble hangover has brought staffing headaches -- and Terra Firma is suffering acutely. Guy Hands, the boss of the British buyout firm, is dipping...
11 May 2012
Japan's Seibu Holdings has hired five investment banks including Nomura Holdings and Mizuho Securities to handle its planned initial public offering...
11 May 2012
Online music storage firm MP3tunes Inc filed for bankruptcy in a U.S. court, following its prolonged run-in with music publishing giant EMI Group over copyright issues...
11 May 2012
JPMorgan Chase & Co, the biggest U.S. bank by assets, said it suffered a trading loss of at least $2 billion from a failed hedging strategy, a shock disclosure that hit financial stocks and the reputation of the bank and its CEO, Jamie Dimon...
11 May 2012
Banks are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems after Greece adopted the euro more than a decade ago and would be ready at the flick of a switch if its debt problems forced it to bring back national banknotes and coins...
11 May 2012
Credit Agricole is prepared for all possible outcomes in Greece, the French bank's chief executive said, after charges at its business in the debt-laden country helped trigger a steeper-than-expected 75 percent drop in quarterly profit...
11 May 2012
The Bank of Japan on Friday revised its rules for managing its foreign currency assets, to place more emphasis on safety and liquidity in light of recent volatile global financial markets...
10 May 2012
A unit of Wells Fargo & Co. must buy back $2.2 million in auction rate securities from two investors and a trust, a securities arbitration panel has ruled...
10 May 2012
Facebook Inc's record initial public offering is already oversubscribed, a source familiar with the share listing said, days after the world's largest social network embarked on...
10 May 2012
With the help of Warren Buffett's Berkshire Hathaway Inc, fragrance maker Coty raised its bid for Avon by 6.5 percent to $10.65 billion and set a four-day deadline for....
10 May 2012
The U.S. Commodity Futures Trading Commission voted unanimously on Thursday to finalize a rule to beef up regulations governing derivatives exchanges...
10 May 2012
German healthcare company Fresenius SE said it plans to raise 1 billion euros ($1.3 billion) by selling 13.8 million new ordinary shares to institutional investors to help...
10 May 2012
Houghton International, which makes metalworking fluids and other chemicals for industrial uses, is being put up for sale by its private equity owner...
10 May 2012
CBS Corp and its chief executive, Leslie Moonves, are not liable to shareholders for failing to more quickly disclose that the company would take a writedown...
10 May 2012
Warburg Pincus LLC has raised more than $5 billion in just over seven months for its 11th global private equity fund, a major step on the way toward its...
10 May 2012
If checklists can save lives, surely they can help shareholders. The scandals at Yahoo, Green Mountain Coffee and other U.S. companies suggest boards of directors could...
10 May 2012
Fidelity Investments has tapped one of its up-and-coming portfolio managers to run two new mutual funds geared toward finding companies around the world that have stable cash flow and a willingness to pay dividends...
10 May 2012
Britain's top banks were told on Thursday they must still submit by June "living wills" spelling out how they would be saved or wound up in a crisis without relying on a taxpayer bailout...
10 May 2012
British and U.S. regulators have fined asset manager Martin Currie a combined 8.6 million pounds ($13.9 million) for failing to manage a conflict of interest between...
10 May 2012
FedEx Corp said Thursday its Express arm will buy privately held French package delivery company TATEX to expand its express delivery network in Europe...
10 May 2012
Fashion retailer YGM Trading Ltd agreed to buy failed luxury clothes maker Aquascutum, a 161-year-old firm that has dressed Queen Elizabeth and Winston Churchill, for...
10 May 2012
EMC Corp bought privately held flash-memory storage products maker XtremIO in a cash deal, which will complement EMC's flash-based systems and software products...
10 May 2012
GlaxoSmithKline launched its promised $2.6 billion tender for shares in long-time partner Human Genome Sciences on Thursday, setting out an initial timetable of just under a month to win control.
10 May 2012
Glencore International is raising a new $1.5 billion syndicated bridge loan to pay for its acquisition of Canadian grain trading company Viterra...
10 May 2012
The world's top four accounting firms will have to bring in Chinese citizens to run their operations in China and end the dominance of foreign partners under...
9 May 2012
Facebook is making a lot of friends on Wall Street. The social networking company has amassed 33 firms to sell shares in its upcoming $10 billion-odd initial public offering. But it's by no means a record. Over 15 years that belongs to Goldman Sachs, which had 128 helpers on its 1999 public market debut.
9 May 2012
Mexican tycoon Carlos Slim looks set to succeed in using KPN as a stepping stone into Europe unless the Dutch telecoms group can swiftly come up with a shrewd plan to...
9 May 2012
Green Mountain Coffee Roasters Inc has concluded that no other senior officials have the sort of margin account that led the company to strip its founder...
9 May 2012
U.S. securities regulators on Wednesday charged Shanghai-based Deloitte Touche Tohmatsu CPA Ltd for refusing to provide audit work papers related to a Chinese...
9 May 2012
Marathon Oil Corp has bought privately held Paloma Partners II LLC for $750 million as part of its recent expansion in the Eagle Ford shale in Texas...
9 May 2012
There’s a certain déjà vu to GlaxoSmithKline’s bid for Human Genome Sciences. Britain’s biggest drugmaker is bypassing its target’s board with a $2.6 billion offer...
9 May 2012
GlaxoSmithKline is to take its unsolicited $2.6 billion takeover bid for Human Genome Sciences direct to shareholders in the U.S. biotech group by launching a tender offer at $13 a share this week...
9 May 2012
Home goods chain Bed Bath & Beyond Inc has agreed to buy smaller rival Cost Plus Inc for about $495 million in cash, giving Bed Bath access to new markets...
9 May 2012
British bank Lloyds could ask the European Commission for more time to shed around 630 branches because regulatory hurdles have hindered their sale...
9 May 2012
Hong Kong's market watchdog said bankers preparing companies for listing on the city's stock exchange should be fined or sent to jail if...
9 May 2012
Goldman Sachs raised its price target on several European exploration and production companies and said there were opportunities for deals in some...
9 May 2012
Two numbers at the heart of an overhaul aimed at cutting risk in the $700 trillion derivatives industry will determine how much more users such as airlines...
9 May 2012
A proposed plan by China's regulators could allow hedge funds, for the first time, to directly trade in mainland stocks and bonds, opening up one of Asia's...
9 May 2012
The U.S. futures regulator has concluded it cannot currently use its emergency authority to impose trading curbs on speculators in the oil markets...
9 May 2012
Telus Corp, Canada's No.2 telecommunications provider, said it is withdrawing its proposal to convert its non-voting shares to common shares, following a run-in...
9 May 2012
Elections in Greece and France over the weekend have ushered in a new period of uncertainty for financial markets that could stand in the way of the easy-money rally that boosted stocks at the start of the year...
8 May 2012
Softbank Corp said on Wednesday that it and eBay Inc unit PayPal will form a joint venture to expand Japan's e-payments market by targeting users of Apple Inc's iPhone...
8 May 2012
China's big state companies, confident on the outlook for domestic natural gas reforms, are buying up local distributors and raising fresh capital - and making gas the hottest prospect for energy investment in the world's top energy consumer...
8 May 2012
Mexican lawmakers are calling for an official probe into how state oil monopoly Pemex accounted for a suspected $30 billion loss in 2009 which an audit showed the company later booked as assets...
8 May 2012
General Electric Co could spend up to $1.5 billion on small takeovers to boost its presence in the data-analytics sector, a complement to the company's...
8 May 2012
Kratos Defense & Security Solutions Inc said it will buy privately held drone maker Composite Engineering Inc (CEI) for $155 million in...
8 May 2012
German potash miner K+S AG has agreed to sell its nitrogen fertiliser distribution business to Russia's EuroChem, reinforcing its focus on salt and potash mining.
8 May 2012
Singapore Telecommunications Ltd, Southeast Asia's largest telecoms company, has acquired a Silicon Valley startup in the mobile advertising sector...
8 May 2012
Ontario Teachers' Pension Fund, which owns a stake in Canadian auto-parts manufacturer Magna International Inc, plans to vote against re-electing Magna's controversial...
8 May 2012
Specialty chemicals maker H.B. Fuller said it will sell its Central American paints business to a Grupo Mundial unit for $120 million, to focus on its core...
8 May 2012
China published new rules on Tuesday to regulate the issuance of yuan-denominated bonds in Hong Kong by non-financial firms on the mainland, its latest effort to...
8 May 2012
A Manhattan federal judge narrowed but refused to dismiss two lawsuits seeking to hold credit rating agencies responsible for misleading investors about...
8 May 2012
Japan's Marubeni Corp is in advanced talks to buy U.S. grain and energy trader Gavilon for about $5.2 billion including debt after beating out competition from rival domestic trading firms, a source close to the deal said on Tuesday...
8 May 2012
Andrew Moss has chalked up a dubious achievement. On Tuesday Aviva's chief executive became the first explicit victim of the "shareholder spring" sweeping...
8 May 2012
Brewer Asahi Group Holdings said it will buy soft drinks maker Calpis Co for about 120 billion yen ($1.5 billion), its largest deal to date as it seeks new revenue sources...
8 May 2012
America Movil, the telecoms group controlled by Mexican tycoon Carlos Slim, offered to buy a stake worth up to 3.2 billion euros ($4.2 billion) in Dutch telecoms...
8 May 2012
Austrian biotech group Intercell has signed a financing deal with Switzerland's BB Biotech and is in talks with other investors about a private...
8 May 2012
China plans to treat local money raised and managed by global private equity firms as foreign funds, industry sources said on Tuesday, restricting their access to...
8 May 2012
Malaysia's oil palm farmers will be getting a $553 million election-year windfall from an initial share sale of a giant state-controlled palm oil plantation company, Prime Minister Najib Razak announced on Tuesday...
8 May 2012
Deutsche Boerse's Frankfurt-based XETRA shares trading platform failed at the open on Tuesday and remains suspended until further notice, the exchange operator said...
8 May 2012
European antitrust regulators have charged Slovak Telekom and its parent, Deutsche Telekom AG , for possible breaches of regulations in the wholesale broadband market in Slovakia...
8 May 2012
Company directors will remain under pressure from shareholders over executive pay long after the market downturn ends and lawmakers stop the heckling that has helped prompt votes against remuneration policies at this year's annual meetings...
8 May 2012
Being treated as foreign will restrict overseas private equity funds' investments, at a time they face increasing competition from local funds...
7 May 2012
The board that writes the rules for the $3.7 trillion U.S. municipal bond market is strengthening the regulations for how Wall Street interacts with state and local governments...
7 May 2012
Barneys New York Inc has struck a deal with Perry Capital, its largest lender, that will erase most of the luxury chain's debt and turn the hedge fund into...
7 May 2012
Two top legal advisers at Wall Street's self-watchdog, the Financial Industry Regulatory Authority, are departing, according to people familiar with the matter...
7 May 2012
Private equity group Blackstone Group has made its first acquisition in Singapore, buying the StarHub Green project from Germany's SEB Asset Management for S$215 million ($173 million)...
7 May 2012
China will let retail investors trade in a nationwide over-the-counter market for non-public companies similar to the U.S. OTC Bulletin Board...
7 May 2012
General Electric Co said it will buy a 15 percent equity stake in China XD Electric Group for about $535 million and will partner with XD to provide...
7 May 2012
Cheniere Energy Inc said it secured $468 million equity investment from Singapore state investor Temasek Holdings and private equity firm RRJ Capital to help...
7 May 2012
A New York judge can consider whether to approve a $20 million settlement between Bank of America Corp directors and shareholders who contend the bank...
7 May 2012
Company directors will remain under pressure from shareholders over executive pay long after the market downturn ends and lawmakers stop the heckling that has helped...
7 May 2012
Carl Icahn won control of oil refiner CVR Energy Inc as shareholders backed his $2.6 billion takeover, ending a three-month long tussle with...
7 May 2012
Micron Technology won the right to negotiate exclusively to buy Elpida Memory Inc after offering more than 200 billion yen ($2.5 billion) for the failed Japanese chipmaker...
7 May 2012
The recent tie-up of Watson and Actavis has created yet another formidable rival for Stada in the global generic drug industry, raising doubts whether the German manufacturer...
6 May 2012
Monday promises to be a big day for Charles Li...
6 May 2012
Wall Street's M&A spin doctors have taken a thumping on the record. Delaware Judge Leo Strine has called out two firms for blabbing confidential information...
4 May 2012
Martin Marietta Materials Inc is barred for four months from pursuing its proxy contest and $5.3 billion hostile bid for construction materials maker Vulcan Materials...
4 May 2012
Commodity chemicals maker Westlake Chemical Corp said it has withdrawn its $1.9 billion offer to acquire Georgia Gulf Corp, following talks with its...
4 May 2012
With a nod to country singer Kenny Rogers, a federal judge has refused for now to allow insurers for former officers and directors of Lehman Brothers Holdings...
4 May 2012
Yahoo will also make an appropriate disclosure to shareholders when the review is complete, the spokesman said...
4 May 2012
Hong Kong developer Sun Hung Kai Properties said its former chairman Walter Kwok was arrested and later bailed as part of a high-profile anti-corruption probe that has already included his two younger billionaire brothers and the former No.2 official in the city's government...
4 May 2012
Sun Hung Kai Properties Ltd said on Friday that former chairman Walter Kwok has informed the company that he was arrested on May 3 in conjunction with a corruption investigation and has been released on bail...
4 May 2012
Dexia's planned sale of Turkish unit Denizbank will not proceed until after an expected management change at the bailed-out Franco-Belgian bank...
4 May 2012
Chinese regulators are expected by investors to approve on Friday a $1.6 billion initial public offering by China Postal Express & Logistics, in the latest signal that authorities are opening the doors for larger-sized deals.
4 May 2012
A fresh batch of leveraged buyouts backed by billion-plus debt packages look set to make a return with several high profile deals likely to propel...
4 May 2012
The U.S. Commodity Futures Trading Commission is poised to vote next Thursday on a proposal to push back the effective date for certain swaps rules until...
4 May 2012
Chinese regulators approved on Friday a $1.6 billion initial public share offering by China Postal Express & Logistics, the latest sign authorities are opening the door to larger IPOs.
4 May 2012
Foreign banks who run Chinese securities joint ventures will soon be allowed to raise their stakes to 49 percent, according to a U.S. official in Beijing. It still doesn't...
4 May 2012
Company insolvencies in England and Wales rose by an annual 4.3 percent in the first three months of 2012 to their highest level since late 2009, official data showed on Friday, raising doubts about the health of the economy...
4 May 2012
Luca Luciani, the CEO of Brazilian phone firm TIM Participacoes, a unit of Telecom Italia, is set to resign as he takes a step back after being engulfed in an Italian investigation involving the issue of irregular SIM cards, a source close to the matter said...
4 May 2012
Roger Jones, global head of commodities at Barclays Capital, will leave the bank shortly to become the head of non-oil operations at Swiss trader Mercuria, industry sources said on Friday...
4 May 2012
China has agreed to allow foreign financial firms to hold up to 49 percent of its Chinese brokerage joint venture, up from 33 percent currently, a senior U.S. official said on Friday...
4 May 2012
Thomson Reuters has offered additional concessions to the European Commission to end an antitrust investigation related to codes for financial data, a Commission spokesman said on Friday...
4 May 2012
China has agreed to raise to 49 percent the limit on foreign ownership in domestic joint venture securities firms and allow these brokerages to trade commodities and financial futures, a senior U.S. official said on Friday...
4 May 2012
In its race to become one of the world's biggest law firms, Dewey & LeBoeuf doled out rich compensation guarantees to attract and keep top-shelf legal talent...
3 May 2012
The shareholder spring now has almost daily uprisings. The latest companies to fall foul of investor anger over excessive pay are UBS and Aviva...
3 May 2012
Hawker Beechcraft Inc, the aircraft maker owned by Goldman Sachs Group Inc's private equity arm and Onex Corp, on Thursday filed for bankruptcy protection as part...
3 May 2012
Mexico's competition watchdog has ordered Carlos Slim to cut charges he levies on mobile phone competitors in exchange for dropping a record fine...
3 May 2012
Ford Motor Co will sell its Saline, Michigan-based automotive interior trim business to French auto parts maker Faurecia, the companies said on Thursday...
3 May 2012
Italian insurers Unipol and Fondiaria-SAI will be able to press ahead with plans to merge, as an antitrust probe continues, if they do not launch the capital...
3 May 2012
Shanghai's Bright Food is tucking into Weetabix at a palatable price. The purchase of the British breakfast-cereal maker is China's biggest overseas food deal, underscoring...
3 May 2012
UBS joined the lineup of major banks mauled by shareholders for handing out lavish pay packages, in an echo of recent protests at Credit Suisse and...
3 May 2012
China's largest passenger vehicle exporter, Chery Automobile Co Ltd, is in talks with banks for a roughly Rmb6bn ($951.3 million) loan for its joint venture with Jaguar Land Rover Ltd (JLR) , a wholly owned subsidiary of India's Tata Motors Ltd, sources said...
3 May 2012
Russian mobile phone operator MegaFon named only two banks for what will be Europe's largest IPO in a year, snubbing major lenders that had helped the US$4bn deal...
3 May 2012
British insurer Aviva on Thursday became the latest European company to face an investor backlash over executive pay, with half of shareholders who voted...
3 May 2012
Global regulators on Thursday mapped out the next stage in their plans to strengthen banks, proposing new ways to calculate trading risks to keep...
3 May 2012
Vivendi is reviewing its entertainment-to-telecoms structure, and investment banks are pitching ideas on the best strategy to reverse the deep slump in its share price...
3 May 2012
Vitol, the world's largest oil trader, has teamed up with the co-founder of Petroplus, Marcel Van Poecke, to buy the insolvent refiner's Swiss plant, as part of...
3 May 2012
Dutch food and chemicals group DSM is buying U.S. medical device-maker Kensey Nash Corp for $360 million to strengthen its biomedical business...
3 May 2012
The Renault-Nissan alliance signed a long-awaited deal to take control of Russia's largest car maker, AvtoVAZ, as it seeks growth in fast-growing markets outside...
3 May 2012
China's state-owned Bright Food Group has agreed to buy a 60 percent stake in British cereal firm Weetabix Food Co from private equity firm Lion Capital, which, if completed, would be its second successful overseas acquisition in less than a year...
3 May 2012
Danish no-frills airline Cimber Sterling said on Thursday it has declared bankruptcy after its owners pulled financial support from the company...
3 May 2012
Merger talks between law firms Dewey & LeBoeuf and SNR Denton collapsed on Wednesday, the Wall Street Journal reported, citing two people familiar with the matter...
3 May 2012
Technicolor said U.S. bank JPMorgan Chase plans to take a stake of up to 29.96 percent in the French digital video specialist to help it cut debt and push through its turnaround plan...
2 May 2012
Swiss drugmaker Novartis said on Wednesday it has agreed to buy Fougera Pharmaceuticals, a maker of generic dermatology products, for $1.53 billion in cash...
2 May 2012
A federal appeals court on Wednesday revived a U.S. Securities and Exchange Commission lawsuit accusing Morgan Keegan & Co of fraudulently misleading investors about the safety of auction-rate securities it sold.
2 May 2012
Intact Financial Corp, Canada's largest property and casualty insurer, will buy Westaim Corp's Jevco Insurance Co for C$530 million to expand its...
2 May 2012
A new U.S. law to help small firms raise capital is boosting the number of European companies looking to list in the United States after a decade deterred by tougher regulation...
2 May 2012
IBM said it had agreed to buy privately held Tealeaf Technology, a maker of software that helps companies analyze and react faster to customer behavior...
2 May 2012
Biotech companies are fighting back in an unequal battle with Big Pharma, helped by a small but powerful cohort of investors who dominate...
2 May 2012
Chipmaker Microchip Technology Inc will acquire smaller rival Standard Microsystems Corp for $829.2 million in cash to boost its embedded market offerings...
2 May 2012
The U.S. agency that oversees futures markets on Tuesday moved to make it easier for foreign regulators to gain access to U.S. swaps data.
2 May 2012
China will postpone the implementation of new capital adequacy rules for banks until the end of this year, three sources with knowledge...
2 May 2012
Women's clothing retailer Ascena Retail Group Inc will buy Charming Shoppes Inc for $857.2 million in an all-cash deal that will expand its plus-size clothing portfolio...
2 May 2012
Private equity-backed EverBank Financial Corp cut the size of its initial public offering by 24 percent, a day before the company was expected to go public...
2 May 2012
As chairman and CEO of Chesapeake Energy Corp, Aubrey McClendon has been a powerhouse in the vast U.S. natural gas market, directing the company’s multibillion...
2 May 2012
A German court ruled on Wednesday that Microsoft infringed Motorola Mobility's patents in making its popular Xbox gaming consoles...
2 May 2012
London-based high-end jeweller Graff Diamonds will seek approval from the Hong Kong stock exchange on Thursday for an up to $1 billion initial public offering, two sources with direct knowledge of the plan said...
1 May 2012
The Los Angeles Dodgers’ $2 billion sale creates a new game plan for loss-making sports teams hoping to command top dollar -- file for Chapter 11...
1 May 2012
Business software company OpenText Corp said it agreed to buy EasyLink Services International Corp, a provider of cloud-based electronic messaging and business...
1 May 2012
Natural gas producer Chesapeake Energy Corp will split the jobs of chairman and chief executive, and bring an early end to a program that granted CEO Aubrey McClendon...
1 May 2012
Chesapeake Energy's decision to do the right thing shouldn't impress investors. Its directors are only doing so under duress. Stripping Chief Executive Aubrey McClendon...
1 May 2012
Tennis racquet maker Prince Sports Inc, which pioneered the oversized racquet, filed for bankruptcy protection in a U.S. bankruptcy court citing...
1 May 2012
Bankers who see rivals breaking bonus rules will get the chance to demand redress through an international supervisory body, if they can come up with hard evidence...
1 May 2012
Citigroup Inc, Morgan Stanley, UBS AG and Wells Fargo & Co on Tuesday agreed to pay more than $9.1 million in fines and restitution for selling leveraged and...
1 May 2012
Shoemaker Wolverine Worldwide Inc is teaming up with two private equity firms to buy footwear retailer Collective Brands Inc for about $1.32 billion in cash...
1 May 2012
Miner Xstrata sought to win over waverers to the merits of its $39 billion takeover by commodities trader Glencore, telling shareholders to back the "fair and reasonable" offer even as...
1 May 2012
Miner Anglo American and cement maker Lafarge must sell major assets to win British clearance for a tie-up of their building materials businesses, a move the regulator hopes...
1 May 2012
Partners at law firm Dewey & LeBoeuf were encouraged in an e-mail from management on Monday night to find new jobs, according to a current partner...
1 May 2012
PF Chang's China Bistro Inc said it signed a deal to be bought by private equity firm Centerbridge Partners L.P. for $1.1 billion...
1 May 2012
With few beer producers of any scale left to buy in the region, AmBev's battle for market share at home in Brazil is set to become costly...
1 May 2012
Equinix Inc said it will buy some assets of Hong Kong-based data center provider Asia Tone for $230.5 million in cash, to expand its business in Hong Kong, Shanghai...
1 May 2012
LONDON, May 1 (Reuters) - Polyus Gold <PLGLq.L>, Russia's largest gold producer, has sold a 7.5 percent stake to two strategic investors, raising $635 million and helping to boost its free float ahead of plans to apply for a premium listing in London.
1 May 2012
Japan's Mitsui & Co and Mitsubishi Corp will jointly buy a 14.7 percent stake in an Australian LNG project from Woodside Petroleum for $2 billion...
1 May 2012
Danish utility DONG is moving into the British retail energy market through buying Royal Dutch Shell PLC's Shell Gas Direct for 30 million pounds...
1 May 2012
Twice during the two years it took to forge a three-way merger of small display makers in Japan, investment banker Fumiaki Sato had to talk a company back to the negotiating table with a blunt message: merge or die...
1 May 2012
The New York Times reported last month a senior Wal-Mart lawyer received an email from a former executive at Walmex in 2005 describing how the Mexican affiliate had paid bribes to obtain permits to build stores in Mexico...
1 May 2012
Imperial Tobacco, the world's No. 4 cigarette group set a 500 million pound share buyback and said it saw a return to sales growth as the West and Gauloises cigarette maker put its 2011 problems behind it...