Business Law Currents - The Legal Lens on Business News http://currents.westlawbusiness.com/BrowsePage.aspx?pageName=HeadLines (c) 2013 Thomson Reuters. All rights reserved. en-us Fri, 24 May 2013 09:48:33 EDT Fri, 24 May 2013 09:48:33 EDT BusinessLaw-Currents@Thomsonreuters.com (Westlaw Business Currents Editorial Staff) 3i Group PLC is to buy the European infrastructure fund management business of British bank Barclays as part of a drive to boost its fee income...http://currents.westlawbusiness.com//Article.aspx?id=b794b016-cabf-4a69-9676-8b40dde19a9b&src=RSSFri, 24 May 2013 07:13:32 EDThttp://currents.westlawbusiness.com//Article.aspx?id=b794b016-cabf-4a69-9676-8b40dde19a9b&src=RSS Japan's Dai-ichi Life Insurance Co Ltd has agreed to buy a 40 percent stake in Panin Life from the parent of the Indonesian insurer for around 30 billion yen ($295 million)...http://currents.westlawbusiness.com//Article.aspx?id=61953413-67d9-4993-a1ab-af04d730dda5&src=RSSFri, 24 May 2013 06:52:39 EDThttp://currents.westlawbusiness.com//Article.aspx?id=61953413-67d9-4993-a1ab-af04d730dda5&src=RSS Raiffeisen Bank International's Chief Executive Herbert Stepic offered to resign after authorities said they would investigate personal offshore property deals he made...http://currents.westlawbusiness.com//Article.aspx?id=8601997f-d54e-4743-b867-c495a624fe2a&src=RSSFri, 24 May 2013 04:05:30 EDThttp://currents.westlawbusiness.com//Article.aspx?id=8601997f-d54e-4743-b867-c495a624fe2a&src=RSS U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of bungled audits after a two-year stand-off between China and the United States...http://currents.westlawbusiness.com//Article.aspx?id=ffbbbb8b-6c35-41f6-b8f1-6f9500ec02a9&src=RSSFri, 24 May 2013 03:00:00 EDThttp://currents.westlawbusiness.com//Article.aspx?id=ffbbbb8b-6c35-41f6-b8f1-6f9500ec02a9&src=RSS Google Inc is considering buying Israeli mobile satellite navigation start-up Waze Inc, which may lead to a bidding war with Facebook Inc, Bloomberg news reported...http://currents.westlawbusiness.com//Article.aspx?id=4782d05f-60ef-4610-bffd-a34620dc7b51&src=RSSThu, 23 May 2013 21:44:02 EDThttp://currents.westlawbusiness.com//Article.aspx?id=4782d05f-60ef-4610-bffd-a34620dc7b51&src=RSS U.S. regulators are in the early stages of an antitrust probe into whether Google Inc, the top player in Web display advertising, breaks antitrust law in how it handles some advertising sales, a source told Reuters on Thursday...http://currents.westlawbusiness.com//Article.aspx?id=e30a2b50-8fae-40b0-895d-0c445883b6a5&src=RSSThu, 23 May 2013 20:53:52 EDThttp://currents.westlawbusiness.com//Article.aspx?id=e30a2b50-8fae-40b0-895d-0c445883b6a5&src=RSS Campbell Soup Co said on Thursday it had agreed to buy organic baby food maker Plum Organics, as the company behind Goldfish crackers and Campbell's Soup seeks to expand its offerings to the youngest consumers.http://currents.westlawbusiness.com//Article.aspx?id=ce132a3a-44ce-4b43-9bd8-236fe738036e&src=RSSThu, 23 May 2013 19:27:19 EDThttp://currents.westlawbusiness.com//Article.aspx?id=ce132a3a-44ce-4b43-9bd8-236fe738036e&src=RSS Institutional Shareholder Services settled civil charges by U.S. regulators that an employee of the prominent proxy advisory firm shared nonpublic voting...http://currents.westlawbusiness.com//Article.aspx?id=d534338a-e663-4b0a-89a1-ea6a1060183a&src=RSSThu, 23 May 2013 17:00:23 EDThttp://currents.westlawbusiness.com//Article.aspx?id=d534338a-e663-4b0a-89a1-ea6a1060183a&src=RSS Just as in fashion, trends in corporate governance can shift quickly. A planned $1.1 billion buyout of U.S. teen clothier rue21 by Apax Partners provides some evidence...http://currents.westlawbusiness.com//Article.aspx?id=22d6f02d-08a6-4df6-8024-7f1fd60eb0b6&src=RSSThu, 23 May 2013 15:46:10 EDThttp://currents.westlawbusiness.com//Article.aspx?id=22d6f02d-08a6-4df6-8024-7f1fd60eb0b6&src=RSS Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as...http://currents.westlawbusiness.com//Article.aspx?id=cb0180c1-3559-4770-8140-4932fa66d935&src=RSSThu, 23 May 2013 15:10:37 EDThttp://currents.westlawbusiness.com//Article.aspx?id=cb0180c1-3559-4770-8140-4932fa66d935&src=RSS U.S. industrial conglomerate Dover Corp said it plans to spin off most of its communication technologies businesses into a publicly traded company to focus on...http://currents.westlawbusiness.com//Article.aspx?id=5441d911-24fd-4fe1-8db4-08e34a0134ab&src=RSSThu, 23 May 2013 13:49:27 EDThttp://currents.westlawbusiness.com//Article.aspx?id=5441d911-24fd-4fe1-8db4-08e34a0134ab&src=RSS European regulators have dropped a bid to make pension funds subject to the same capital rules as banks and insurers, which could have cost European...http://currents.westlawbusiness.com//Article.aspx?id=a4f8760d-5c62-43d0-b5d9-b98344927047&src=RSSThu, 23 May 2013 13:32:23 EDThttp://currents.westlawbusiness.com//Article.aspx?id=a4f8760d-5c62-43d0-b5d9-b98344927047&src=RSS Elan rejected Royalty Pharma's increased $6.4 billion bid on Thursday, shortly after the U.S. firm cut the acceptance bar for its latest offer to 50 percent plus one share...http://currents.westlawbusiness.com//Article.aspx?id=c6549ec8-b813-44ce-8751-49fd77d44485&src=RSSThu, 23 May 2013 13:22:59 EDThttp://currents.westlawbusiness.com//Article.aspx?id=c6549ec8-b813-44ce-8751-49fd77d44485&src=RSS The Luxembourg-based Orco Property Group has been forced to delay its annual general meeting by two shareholders trying to block board nominations...http://currents.westlawbusiness.com//Article.aspx?id=99a7d15e-d7b2-4e8b-b68f-eb0ea1e0d768&src=RSSThu, 23 May 2013 12:13:21 EDThttp://currents.westlawbusiness.com//Article.aspx?id=99a7d15e-d7b2-4e8b-b68f-eb0ea1e0d768&src=RSS After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs CEO...http://currents.westlawbusiness.com//Article.aspx?id=1b550dd4-bdc9-4191-bf77-cd0d3ea2e30b&src=RSSThu, 23 May 2013 12:06:01 EDThttp://currents.westlawbusiness.com//Article.aspx?id=1b550dd4-bdc9-4191-bf77-cd0d3ea2e30b&src=RSS The U.S. regulator of corporate auditors said on Thursday that the U.S. arm of global accounting firm Ernst & Young failed to fix quality control problems found in earlier reviews...http://currents.westlawbusiness.com//Article.aspx?id=05a00f7d-8399-4ec6-86b3-7af85ada13e3&src=RSSThu, 23 May 2013 11:49:30 EDThttp://currents.westlawbusiness.com//Article.aspx?id=05a00f7d-8399-4ec6-86b3-7af85ada13e3&src=RSS Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske...http://currents.westlawbusiness.com//Article.aspx?id=b7ca5acd-1f92-446f-92b8-fa303236ec7c&src=RSSThu, 23 May 2013 11:46:33 EDThttp://currents.westlawbusiness.com//Article.aspx?id=b7ca5acd-1f92-446f-92b8-fa303236ec7c&src=RSS Marathon Oil Corp said on Thursday that negotiations to sell a portion of its 20 percent stake in the Athabasca Oil Sands Project in Canada ended without a deal...http://currents.westlawbusiness.com//Article.aspx?id=214af24e-b5bc-4556-be14-5c731f282082&src=RSSThu, 23 May 2013 11:22:11 EDThttp://currents.westlawbusiness.com//Article.aspx?id=214af24e-b5bc-4556-be14-5c731f282082&src=RSS Private equity firm Apax Partners will acquire teen-apparel retailer rue21 Inc in a deal valued at about $1.1 billion, adding to a retail portfolio that includes Cole Haan and Takko Fashion...http://currents.westlawbusiness.com//Article.aspx?id=b65e6e9e-5665-406f-92ec-459faa235f21&src=RSSThu, 23 May 2013 09:20:47 EDThttp://currents.westlawbusiness.com//Article.aspx?id=b65e6e9e-5665-406f-92ec-459faa235f21&src=RSS Private equity firms eyeing exits via equity listings are increasingly turning to leveraged loans and floaters for the greater flexibility and cheaper refinancing options...http://currents.westlawbusiness.com//Article.aspx?id=5410cc4b-21ff-432e-b249-9d7de7c19025&src=RSSThu, 23 May 2013 08:14:57 EDThttp://currents.westlawbusiness.com//Article.aspx?id=5410cc4b-21ff-432e-b249-9d7de7c19025&src=RSS ritain's Financial Conduct Authority (FCA) said it has fined a wealth management unit of U.S. bank JPMorgan Chase 3.08 million pounds ($4.6 million)...http://currents.westlawbusiness.com//Article.aspx?id=2fef84fa-39fd-4d1f-a9cc-01e76b9b40d5&src=RSSThu, 23 May 2013 07:39:14 EDThttp://currents.westlawbusiness.com//Article.aspx?id=2fef84fa-39fd-4d1f-a9cc-01e76b9b40d5&src=RSS Hospital companies that tie up with top medical research facilities to improve their access to the latest treatments and bolster their reputations...http://currents.westlawbusiness.com//Article.aspx?id=44228b64-b9e6-43f5-be8a-d632f1d08084&src=RSSThu, 23 May 2013 07:00:00 EDThttp://currents.westlawbusiness.com//Article.aspx?id=44228b64-b9e6-43f5-be8a-d632f1d08084&src=RSS The top shareholder in Eastern Europe-focused energy group JKX has called on fellow investors to oust the chief executive, citing an 88 percent fall...http://currents.westlawbusiness.com//Article.aspx?id=00cfb8fc-6df6-4c17-bf51-a946f53e12b1&src=RSSThu, 23 May 2013 06:35:51 EDThttp://currents.westlawbusiness.com//Article.aspx?id=00cfb8fc-6df6-4c17-bf51-a946f53e12b1&src=RSS Lufthansa, United Airlines, Continental and Air Canada won approval from EU antitrust regulators on Thursday for their transatlantic tie-up after...http://currents.westlawbusiness.com//Article.aspx?id=9cba9aff-566f-4d8e-91a5-188700234849&src=RSSThu, 23 May 2013 06:11:34 EDThttp://currents.westlawbusiness.com//Article.aspx?id=9cba9aff-566f-4d8e-91a5-188700234849&src=RSS Large companies should disclose how much tax they pay in each country where they operate, the European Commission's top regulatory official said, in the text of a speech to be delivered on Thursday...http://currents.westlawbusiness.com//Article.aspx?id=226e9692-a4c7-4c5e-bd8c-4a3dcb75c497&src=RSSThu, 23 May 2013 04:26:35 EDThttp://currents.westlawbusiness.com//Article.aspx?id=226e9692-a4c7-4c5e-bd8c-4a3dcb75c497&src=RSS Deutsche Bank's bosses are likely to get a grilling from shareholders on Thursday about a string of lawsuits and regulatory probes involving Germany's biggest bank...http://currents.westlawbusiness.com//Article.aspx?id=e619cb4a-4276-4780-8ea1-1caa848495d9&src=RSSThu, 23 May 2013 03:59:42 EDThttp://currents.westlawbusiness.com//Article.aspx?id=e619cb4a-4276-4780-8ea1-1caa848495d9&src=RSS China Railway Corporation, the new commercial entity created out of the restructured Ministry of Railways, auctioned its first issue of debt on Thursday, selling 20 billion yuan ($3.26 billion) of five-year medium-term notes at a yield of 4.50 percent, traders said...http://currents.westlawbusiness.com//Article.aspx?id=e6e7fb75-e834-4782-a330-27648ff7948b&src=RSSThu, 23 May 2013 03:02:37 EDThttp://currents.westlawbusiness.com//Article.aspx?id=e6e7fb75-e834-4782-a330-27648ff7948b&src=RSS Britain's BTG said it would make two acquisitions, one extending its expertise in liver cancer and the other a treatment for severe blood clots...http://currents.westlawbusiness.com//Article.aspx?id=3b5e6b0d-71d8-4eca-b731-f6389cd96fea&src=RSSThu, 23 May 2013 03:00:58 EDThttp://currents.westlawbusiness.com//Article.aspx?id=3b5e6b0d-71d8-4eca-b731-f6389cd96fea&src=RSS Langham Hospitality Investments, an investment trust controlled by property developer Great Eagle Holdings Ltd, raised about $550 million in an IPO on Thursday, the first of several issuers looking to benefit from a surge in investors' demand for commercial property and high-yield securities...http://currents.westlawbusiness.com//Article.aspx?id=1aabe60d-d2a9-42d7-abc5-25e837f294a2&src=RSSThu, 23 May 2013 02:22:47 EDThttp://currents.westlawbusiness.com//Article.aspx?id=1aabe60d-d2a9-42d7-abc5-25e837f294a2&src=RSS Sinopec Engineering made a lacklustre market debut on Thursday after raising $1.8 billion in Hong Kong's biggest IPO this year, casting doubt on a nascent recovery in IPO issuance in the city as investors remained cautious because of a weaker local stock market...http://currents.westlawbusiness.com//Article.aspx?id=63dbab9c-4af7-4c4a-a587-6f61d56ac08b&src=RSSThu, 23 May 2013 01:03:42 EDThttp://currents.westlawbusiness.com//Article.aspx?id=63dbab9c-4af7-4c4a-a587-6f61d56ac08b&src=RSS SoftBank Corp would appoint a "security director" to Sprint Nextel's board if its takeover bid succeeds, and would give the U.S. government the right to approve the nominee, an attempt to address security concerns raised by the proposed deal...http://currents.westlawbusiness.com//Article.aspx?id=71c4822c-ce4c-4af3-9794-5f817bd5f801&src=RSSWed, 22 May 2013 23:55:56 EDThttp://currents.westlawbusiness.com//Article.aspx?id=71c4822c-ce4c-4af3-9794-5f817bd5f801&src=RSS Russian IT group IBS Group's software development unit Luxoft Holding Inc filed with U.S. regulators on Wednesday to raise up to $80 million...http://currents.westlawbusiness.com//Article.aspx?id=899f0df0-d68d-4247-a4ec-6cb5e53da744&src=RSSWed, 22 May 2013 17:43:34 EDThttp://currents.westlawbusiness.com//Article.aspx?id=899f0df0-d68d-4247-a4ec-6cb5e53da744&src=RSS The city of South Miami, Florida, defrauded investors by not disclosing problems with the tax-exempt status of two bond deals, U.S. securities regulators...http://currents.westlawbusiness.com//Article.aspx?id=d06cd14d-eb51-4290-805f-b6cfb3fff189&src=RSSWed, 22 May 2013 15:22:09 EDThttp://currents.westlawbusiness.com//Article.aspx?id=d06cd14d-eb51-4290-805f-b6cfb3fff189&src=RSS U.S. exchange operator Direct Edge has agreed to allow the Financial Industry Regulatory Authority to oversee surveillance of its two stock exchanges...http://currents.westlawbusiness.com//Article.aspx?id=8c2f1db7-dea8-46aa-8b6a-aacb7b7a8ad0&src=RSSWed, 22 May 2013 15:02:01 EDThttp://currents.westlawbusiness.com//Article.aspx?id=8c2f1db7-dea8-46aa-8b6a-aacb7b7a8ad0&src=RSS Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security...http://currents.westlawbusiness.com//Article.aspx?id=45838fae-d0a7-4728-a852-6430975b477d&src=RSSWed, 22 May 2013 13:53:48 EDThttp://currents.westlawbusiness.com//Article.aspx?id=45838fae-d0a7-4728-a852-6430975b477d&src=RSS Lloyds Banking Group said on Wednesday that it would be able to meet new capital requirements without having to issue new equity or contingent capital....http://currents.westlawbusiness.com//Article.aspx?id=5fb6c011-2c24-4ae0-8977-fda9dcdcbcf5&src=RSSWed, 22 May 2013 13:07:34 EDThttp://currents.westlawbusiness.com//Article.aspx?id=5fb6c011-2c24-4ae0-8977-fda9dcdcbcf5&src=RSS Pfizer Inc said on Wednesday it will spin off its majority stake in animal health business Zoetis Inc to shareholders by allowing them to swap Pfizer...http://currents.westlawbusiness.com//Article.aspx?id=97c4ee8d-0715-4362-ad0d-ad77ffb4df20&src=RSSWed, 22 May 2013 11:56:43 EDThttp://currents.westlawbusiness.com//Article.aspx?id=97c4ee8d-0715-4362-ad0d-ad77ffb4df20&src=RSS The tide may have started to turn for initial public offerings from U.S. biotechnology companies, as a rising stock market, low interest rates and a lack of market...http://currents.westlawbusiness.com//Article.aspx?id=be2c559e-e05d-4745-b945-a684df250bc7&src=RSSWed, 22 May 2013 09:53:53 EDThttp://currents.westlawbusiness.com//Article.aspx?id=be2c559e-e05d-4745-b945-a684df250bc7&src=RSS Turkish mobile phone company Turkcell cancelled its annual general meeting on Wednesday, the latest sign of problems stemming from a shareholder...http://currents.westlawbusiness.com//Article.aspx?id=ca094053-bdfe-4b36-b71b-87de31ec09f8&src=RSSWed, 22 May 2013 09:28:19 EDThttp://currents.westlawbusiness.com//Article.aspx?id=ca094053-bdfe-4b36-b71b-87de31ec09f8&src=RSS Data storage equipment maker NetApp Inc, under pressure from activist shareholder Elliott Management, said it would spend about $1 billion in the next four months to buy back shares...http://currents.westlawbusiness.com//Article.aspx?id=2e0f7a76-ac19-47f3-8865-9947484abfe5&src=RSSWed, 22 May 2013 09:22:02 EDThttp://currents.westlawbusiness.com//Article.aspx?id=2e0f7a76-ac19-47f3-8865-9947484abfe5&src=RSS The Portuguese government plans to tap nearly all of its state-owned pension fund to ease it over the hump of a hefty EUR27.5bn of financing needs over the next two years, according to domestic news reports...http://currents.westlawbusiness.com//Article.aspx?id=3f9981fb-0454-4b59-abb2-ce0d1b5cc8cf&src=RSSWed, 22 May 2013 06:49:00 EDThttp://currents.westlawbusiness.com//Article.aspx?id=3f9981fb-0454-4b59-abb2-ce0d1b5cc8cf&src=RSS Bulgaria's BEH, the state largest energy holding company, will meet with potential investors in its 250-million-euro ($321.81 million) bond issue in late July and early August, its chief executive said on Wednesday...http://currents.westlawbusiness.com//Article.aspx?id=f8ef9e6b-2901-4706-b041-0ba57233596f&src=RSSWed, 22 May 2013 06:14:06 EDThttp://currents.westlawbusiness.com//Article.aspx?id=f8ef9e6b-2901-4706-b041-0ba57233596f&src=RSS U.S. private equity firm Carlyle Group LP is planning to raise 200 billion yen ($2 billion) for a third Japan fund to succeed its seven-year old second fund, with Japan's aggressive monetary easing helping to boost investor interest, people with direct knowledge of the matter said...http://currents.westlawbusiness.com//Article.aspx?id=d2f3508f-b0e3-440f-b65a-5adeb28599c0&src=RSSWed, 22 May 2013 05:43:34 EDThttp://currents.westlawbusiness.com//Article.aspx?id=d2f3508f-b0e3-440f-b65a-5adeb28599c0&src=RSS Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favours long-standing ties with banks...http://currents.westlawbusiness.com//Article.aspx?id=9199d547-f1ba-445a-bdec-0ef713ae550a&src=RSSWed, 22 May 2013 05:32:43 EDThttp://currents.westlawbusiness.com//Article.aspx?id=9199d547-f1ba-445a-bdec-0ef713ae550a&src=RSS Kazakhstan will decide by early July whether to take up an option to buy ConocoPhillips stake in the Kashagan oilfield, which has drawn interest from China and India...http://currents.westlawbusiness.com//Article.aspx?id=41ece694-ebb9-4c5f-9be5-1c8bedda16a4&src=RSSWed, 22 May 2013 04:15:35 EDThttp://currents.westlawbusiness.com//Article.aspx?id=41ece694-ebb9-4c5f-9be5-1c8bedda16a4&src=RSS West Africa-focused miner Afferro has agreed to a $190 million cash-and-paper offer from investment group IMIC which could pave the way for its flagship iron ore project to be developed...http://currents.westlawbusiness.com//Article.aspx?id=4478a09d-e8d4-480a-b6e2-8dcc65b6b785&src=RSSWed, 22 May 2013 03:51:55 EDThttp://currents.westlawbusiness.com//Article.aspx?id=4478a09d-e8d4-480a-b6e2-8dcc65b6b785&src=RSS Chinese mining services company Sino Australia Oil and Gas Ltd is planning an initial public offering in Australia in July, tapping international investors while domestic markets remain frozen, and braving an uncertain outlook for the sector...http://currents.westlawbusiness.com//Article.aspx?id=3474f705-e69f-447a-9d65-2c1e11d440b6&src=RSSWed, 22 May 2013 03:34:49 EDThttp://currents.westlawbusiness.com//Article.aspx?id=3474f705-e69f-447a-9d65-2c1e11d440b6&src=RSS Belgium's power grid operator Elia would consider buying stakes in Dutch grid firm TenneT and French operator RTE, owned by state-controlled electricity company EDF, a spokeswoman said on Wednesday...http://currents.westlawbusiness.com//Article.aspx?id=cc580f62-ecc3-4bb0-8ae3-5fdaa7398456&src=RSSWed, 22 May 2013 02:59:35 EDThttp://currents.westlawbusiness.com//Article.aspx?id=cc580f62-ecc3-4bb0-8ae3-5fdaa7398456&src=RSS Private equity-controlled power firm Alinta Energy is planning a $1 billion-plus debt issue in the U.S. term loan B (TLB)institutional market to refinance maturing debt, banking sources familiar with the deal said, joining a growing number of Australian borrowers...http://currents.westlawbusiness.com//Article.aspx?id=b6042d6c-e4a9-46fc-a2e5-18643bb036ae&src=RSSWed, 22 May 2013 02:46:16 EDThttp://currents.westlawbusiness.com//Article.aspx?id=b6042d6c-e4a9-46fc-a2e5-18643bb036ae&src=RSS China Galaxy Securities Co Ltd rose as much as 11.3 percent in its trading debut on Wednesday after raising $1.1 billion in a Hong Kong IPO, underscoring a surge in retail investors' demand for new listings in the city...http://currents.westlawbusiness.com//Article.aspx?id=230756ec-13e9-459b-8686-cf84ce987181&src=RSSWed, 22 May 2013 01:01:11 EDThttp://currents.westlawbusiness.com//Article.aspx?id=230756ec-13e9-459b-8686-cf84ce987181&src=RSS Merck & Co Inc said it has entered into a $5 billion share repurchase agreement with Goldman Sachs Group Inc, as the drug giant looks to prop up shareholder value in face of stiff competition from makers of less-costly generics...http://currents.westlawbusiness.com//Article.aspx?id=1e225168-59a5-4b3c-8573-a127f20e232e&src=RSSTue, 21 May 2013 22:28:48 EDThttp://currents.westlawbusiness.com//Article.aspx?id=1e225168-59a5-4b3c-8573-a127f20e232e&src=RSS Apple's ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs...http://currents.westlawbusiness.com//Article.aspx?id=c47d5cfc-e8df-451c-aff9-201499d5c047&src=RSSTue, 21 May 2013 21:19:35 EDThttp://currents.westlawbusiness.com//Article.aspx?id=c47d5cfc-e8df-451c-aff9-201499d5c047&src=RSS UBS AG lost a bid Tuesday to dismiss a whistle-blower lawsuit by a former commercial mortgage-backed securities strategist who said he was fired for refusing...http://currents.westlawbusiness.com//Article.aspx?id=f1631f42-8167-4805-bb5d-42f229eec910&src=RSSTue, 21 May 2013 20:24:54 EDThttp://currents.westlawbusiness.com//Article.aspx?id=f1631f42-8167-4805-bb5d-42f229eec910&src=RSS Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co took an unusual step to fight off investors seeking more oversight of his activities - he hinted he might quit...http://currents.westlawbusiness.com//Article.aspx?id=89fb7551-96f1-4f01-8462-97b3996ac00d&src=RSSTue, 21 May 2013 20:02:00 EDThttp://currents.westlawbusiness.com//Article.aspx?id=89fb7551-96f1-4f01-8462-97b3996ac00d&src=RSS The Pyrrhic victory Tuesday for Jamie Dimon is a defeat for governance. Just over two-thirds of JPMorgan shareholders voted to keep him as both chairman...http://currents.westlawbusiness.com//Article.aspx?id=15b3df03-e620-4eee-ac0c-0bd19a5a3ba5&src=RSSTue, 21 May 2013 14:15:26 EDThttp://currents.westlawbusiness.com//Article.aspx?id=15b3df03-e620-4eee-ac0c-0bd19a5a3ba5&src=RSS Jamie Dimon, JPMorgan Chase & Co's outspoken chairman and chief executive, won a vote of confidence on Tuesday as shareholders decided to let him keep his chairman...http://currents.westlawbusiness.com//Article.aspx?id=24582e57-c466-4ba8-a020-eb57c1e28f52&src=RSSTue, 21 May 2013 14:10:57 EDThttp://currents.westlawbusiness.com//Article.aspx?id=24582e57-c466-4ba8-a020-eb57c1e28f52&src=RSS EU regulators confirmed on Tuesday that they will cap bonuses of bankers earning more than 500,000 euros a year and added other conditions to...http://currents.westlawbusiness.com//Article.aspx?id=ca769a0c-78de-4aa6-b118-2389fec91c86&src=RSSTue, 21 May 2013 13:35:01 EDThttp://currents.westlawbusiness.com//Article.aspx?id=ca769a0c-78de-4aa6-b118-2389fec91c86&src=RSS Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping reorganization of the world's top chipmaker and created a unit aiming to retake the top...http://currents.westlawbusiness.com//Article.aspx?id=5648ff6b-3c3a-4d8a-ad27-3d8a1158d023&src=RSSTue, 21 May 2013 13:11:08 EDThttp://currents.westlawbusiness.com//Article.aspx?id=5648ff6b-3c3a-4d8a-ad27-3d8a1158d023&src=RSS LPL Financial LLC must pay a total of $9 million for significant email system failures and making misstatements to the Financial Industry Regulatory Authority, Wall Street's watchdog...http://currents.westlawbusiness.com//Article.aspx?id=8f70232e-5ec1-43f2-b6d8-65923f8a1353&src=RSSTue, 21 May 2013 12:06:10 EDThttp://currents.westlawbusiness.com//Article.aspx?id=8f70232e-5ec1-43f2-b6d8-65923f8a1353&src=RSS U.S. private equity firm Kohlberg Kravis Roberts & Co (KKR) is selling a remaining stake in Australia's Seven West Media Ltd valued at A$265 million...http://currents.westlawbusiness.com//Article.aspx?id=bc8dd9e7-4dbc-43ca-9252-441a378bba66&src=RSSTue, 21 May 2013 11:54:05 EDThttp://currents.westlawbusiness.com//Article.aspx?id=bc8dd9e7-4dbc-43ca-9252-441a378bba66&src=RSS EU regulators confirmed on Tuesday they will cap bonuses of bankers earning more than 500,000 euros a year and added other conditions to make the pay ceiling harder to smash...http://currents.westlawbusiness.com//Article.aspx?id=e2e2eea3-c101-4e4e-bfb6-e732dc006493&src=RSSTue, 21 May 2013 11:30:00 EDThttp://currents.westlawbusiness.com//Article.aspx?id=e2e2eea3-c101-4e4e-bfb6-e732dc006493&src=RSS Glencore Xstrata's head of aluminum, Gary Fegel, is set to leave the company, three sources said, the first high-profile departure since commodity trading giant...http://currents.westlawbusiness.com//Article.aspx?id=871f8e14-2ff8-493f-98b0-75065019fe2d&src=RSSTue, 21 May 2013 11:29:42 EDThttp://currents.westlawbusiness.com//Article.aspx?id=871f8e14-2ff8-493f-98b0-75065019fe2d&src=RSS Marlboro maker Philip Morris International Inc said it will buy out billionaire Carlos Slim's Grupo Carso from their Mexican joint venture for about $700 million...http://currents.westlawbusiness.com//Article.aspx?id=06b95bc9-f2ae-4045-93af-571259c482f1&src=RSSTue, 21 May 2013 10:55:48 EDThttp://currents.westlawbusiness.com//Article.aspx?id=06b95bc9-f2ae-4045-93af-571259c482f1&src=RSS Laredo Petroleum Holdings Inc said it would sell its assets in the Anadarko Basin in Western Oklahoma and Texas to affiliates of EnerVest Ltd for $438 million to raise...http://currents.westlawbusiness.com//Article.aspx?id=f18d51b1-8498-4c11-8014-43531c4d96a5&src=RSSTue, 21 May 2013 10:53:03 EDThttp://currents.westlawbusiness.com//Article.aspx?id=f18d51b1-8498-4c11-8014-43531c4d96a5&src=RSS Tobacco company Philip Morris International Inc said it would buy out its Mexican joint venture partner controlled by billionaire Carlos Slim, for about $700 million...http://currents.westlawbusiness.com//Article.aspx?id=1257e5d7-7bfd-460d-b7f5-a7f1c8967af7&src=RSSTue, 21 May 2013 10:49:30 EDThttp://currents.westlawbusiness.com//Article.aspx?id=1257e5d7-7bfd-460d-b7f5-a7f1c8967af7&src=RSS An activist investor in Alere Inc wants the health diagnostics and services company to explore a sale of its drug testing business, which it believes could fetch...http://currents.westlawbusiness.com//Article.aspx?id=173f91b0-613b-4fb5-96dc-9bccae7565ae&src=RSSTue, 21 May 2013 10:37:41 EDThttp://currents.westlawbusiness.com//Article.aspx?id=173f91b0-613b-4fb5-96dc-9bccae7565ae&src=RSS B456 Systems Inc, the lithium-ion battery maker which received a $249 million U.S. government grant, won court approval for its bankruptcy plan on Monday...http://currents.westlawbusiness.com//Article.aspx?id=d9112716-3d27-4900-935c-95e26ca90c6b&src=RSSTue, 21 May 2013 09:09:46 EDThttp://currents.westlawbusiness.com//Article.aspx?id=d9112716-3d27-4900-935c-95e26ca90c6b&src=RSS India is set to join the small but growing club of nations whose governments issue inflation-indexed debt. But evidence from the United States suggests that offering these securities in small quantities - as India currently intends to - can become an expensive fiscal hobby...http://currents.westlawbusiness.com//Article.aspx?id=cd97e98f-3036-40c2-a7f7-8c3935368ca3&src=RSSTue, 21 May 2013 07:48:59 EDThttp://currents.westlawbusiness.com//Article.aspx?id=cd97e98f-3036-40c2-a7f7-8c3935368ca3&src=RSS Greece's 10-year bond yield fell below those on longer-dated paper on Tuesday for the first time in three years as investors price out the risk of Athens defaulting...http://currents.westlawbusiness.com//Article.aspx?id=177dfeca-5352-4b5e-8e21-75d53604e11a&src=RSSTue, 21 May 2013 07:20:06 EDThttp://currents.westlawbusiness.com//Article.aspx?id=177dfeca-5352-4b5e-8e21-75d53604e11a&src=RSS As final ballots come in on a proposal to strip JPMorgan Chase & Co Chairman and Chief Executive Jamie Dimon of his chairman title, some worry about what will happen...http://currents.westlawbusiness.com//Article.aspx?id=8123d265-9f18-4391-ab56-9ffcd4e2d5ae&src=RSSTue, 21 May 2013 07:03:02 EDThttp://currents.westlawbusiness.com//Article.aspx?id=8123d265-9f18-4391-ab56-9ffcd4e2d5ae&src=RSS G4S, the world's largest security group, is replacing its chief executive after a series of failures including a staffing fiasco at the 2012 London Olympics culminated in a recent profit warning...http://currents.westlawbusiness.com//Article.aspx?id=d516ea55-8b65-4fb2-87ca-c364bacb6a6a&src=RSSTue, 21 May 2013 07:00:11 EDThttp://currents.westlawbusiness.com//Article.aspx?id=d516ea55-8b65-4fb2-87ca-c364bacb6a6a&src=RSS Seven West Media Ltd, owner of Australia's top-rated free-to-air television network, said on Tuesday that its major shareholder private equity firm KKR & Co...http://currents.westlawbusiness.com//Article.aspx?id=1ca81593-66fb-4cb8-a473-28ac29889467&src=RSSTue, 21 May 2013 06:39:56 EDThttp://currents.westlawbusiness.com//Article.aspx?id=1ca81593-66fb-4cb8-a473-28ac29889467&src=RSS In 1961, the six-year-old Steve Jobs probably didn't notice U.S. President John Kennedy's criticism of American companies' use of foreign tax shelters. Corporate taxation had slid down the public agenda by the time the founder of Apple was achieving success...http://currents.westlawbusiness.com//Article.aspx?id=3f5dc6c2-3d24-4a20-8efe-4b7d39047f0f&src=RSSTue, 21 May 2013 06:35:08 EDThttp://currents.westlawbusiness.com//Article.aspx?id=3f5dc6c2-3d24-4a20-8efe-4b7d39047f0f&src=RSS Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments after the U.S. Senate said the company paid little or nothing on billions of dollars in profits stashed in Irish subsidiaries...http://currents.westlawbusiness.com//Article.aspx?id=e01b67ce-80ee-4ed0-95fd-2e51246cc29a&src=RSSTue, 21 May 2013 04:59:02 EDThttp://currents.westlawbusiness.com//Article.aspx?id=e01b67ce-80ee-4ed0-95fd-2e51246cc29a&src=RSS Gazprom is squeezing Athens for better terms to buy DEPA, Greece's sole retail gas distributor, a Greek official said, as the Russian gas export monopoly leverages its strength position as the only major player in the running...http://currents.westlawbusiness.com//Article.aspx?id=3e707927-7fec-48a4-9b3a-f07ebd8f9dc1&src=RSSTue, 21 May 2013 04:49:16 EDThttp://currents.westlawbusiness.com//Article.aspx?id=3e707927-7fec-48a4-9b3a-f07ebd8f9dc1&src=RSS Chinese state-controlled insurer PICC Property and Casualty Co Ltd (PICC P&C) is raising 5.76 billion yuan ($938 million) to bolster capital, expecting strong growth and amid signs that profitability of Chinese insurers are coming under pressure...http://currents.westlawbusiness.com//Article.aspx?id=e2debc10-64cb-4f07-baf9-d60e4f032144&src=RSSTue, 21 May 2013 00:42:50 EDThttp://currents.westlawbusiness.com//Article.aspx?id=e2debc10-64cb-4f07-baf9-d60e4f032144&src=RSS The U.S. Justice Department on Monday asked a federal judge to deny Standard & Poor's motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and not mere "puffery"...http://currents.westlawbusiness.com//Article.aspx?id=5658e355-fd2b-4c32-89c0-0cdb3d8b1d15&src=RSSTue, 21 May 2013 00:42:10 EDThttp://currents.westlawbusiness.com//Article.aspx?id=5658e355-fd2b-4c32-89c0-0cdb3d8b1d15&src=RSS Sprint Nextel Corp said its Japanese suitor SoftBank Corp granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network Corp, as pressure mounts on SoftBank to sweeten its offer for the No. 3 U.S. wireless carrier...http://currents.westlawbusiness.com//Article.aspx?id=ea36edcb-e2d6-48dc-89ca-47e636e55510&src=RSSTue, 21 May 2013 00:06:14 EDThttp://currents.westlawbusiness.com//Article.aspx?id=ea36edcb-e2d6-48dc-89ca-47e636e55510&src=RSS Amazon.com Inc has been given a security clearance by the U.S. government that will make it easier for federal agencies to use its cloud computing services...http://currents.westlawbusiness.com//Article.aspx?id=d89cc702-981e-455d-8460-0f6552419f0f&src=RSSTue, 21 May 2013 00:01:00 EDThttp://currents.westlawbusiness.com//Article.aspx?id=d89cc702-981e-455d-8460-0f6552419f0f&src=RSS As final ballots come in on a proposal to strip JPMorgan Chase & Co Chairman and Chief Executive Jamie Dimon of his chairman title, some worry about what will happen if shareholders win what will likely be a close vote...http://currents.westlawbusiness.com//Article.aspx?id=e40cfaaf-6a95-405f-a782-e726372e3415&src=RSSTue, 21 May 2013 00:01:00 EDThttp://currents.westlawbusiness.com//Article.aspx?id=e40cfaaf-6a95-405f-a782-e726372e3415&src=RSS Australia-listed copper miner Discovery Metals Ltd has opened its books to spurned private equity suitor Cathay Fortune Corp and others in an effort to attract a new takeover offer, potentially valuing it at A$195 million ($190 million), it said on Tuesday...http://currents.westlawbusiness.com//Article.aspx?id=3c07f60b-5e7a-404c-b4f7-efb3e81abd30&src=RSSMon, 20 May 2013 22:00:43 EDThttp://currents.westlawbusiness.com//Article.aspx?id=3c07f60b-5e7a-404c-b4f7-efb3e81abd30&src=RSS Freeport-McMoRan Copper & Gold Inc and Plains Exploration have offered to pay two special dividends to win approval of the miner's bid for the energy company...http://currents.westlawbusiness.com//Article.aspx?id=22ffb499-cb42-4479-b13f-f7252b9adc07&src=RSSMon, 20 May 2013 16:03:50 EDThttp://currents.westlawbusiness.com//Article.aspx?id=22ffb499-cb42-4479-b13f-f7252b9adc07&src=RSS Elan announced its second major drug deal inside a week on Monday and said it would buy back more shares as it continues to bat against a $5.7 billion takeover bid from U.S. investor Royalty Pharma...http://currents.westlawbusiness.com//Article.aspx?id=e4a0f030-956a-4153-9118-4320665658f7&src=RSSMon, 20 May 2013 15:28:01 EDThttp://currents.westlawbusiness.com//Article.aspx?id=e4a0f030-956a-4153-9118-4320665658f7&src=RSS Generic drugmaker Actavis Inc, which has been the subject of takeover speculation, plans to buy specialty pharmaceutical company Warner Chilcott Plc for $5 billion in stock...http://currents.westlawbusiness.com//Article.aspx?id=157c35db-600a-4604-8af8-95ef7de435bc&src=RSSMon, 20 May 2013 14:15:29 EDThttp://currents.westlawbusiness.com//Article.aspx?id=157c35db-600a-4604-8af8-95ef7de435bc&src=RSS Two of the nation's biggest online food delivery businesses said they are merging in a deal that they hope will drive more orders, in more cities, through their platforms...http://currents.westlawbusiness.com//Article.aspx?id=ce189bea-9656-486c-9875-a06d543a91d5&src=RSSMon, 20 May 2013 13:39:19 EDThttp://currents.westlawbusiness.com//Article.aspx?id=ce189bea-9656-486c-9875-a06d543a91d5&src=RSS Yahoo Inc said it is acquiring blogging service Tumblr for $1.1 billion cash, a bold bet by Chief Executive Marissa Mayer to revitalize the struggling...http://currents.westlawbusiness.com//Article.aspx?id=14840932-eac3-4ceb-8059-aa4b8ef3b180&src=RSSMon, 20 May 2013 13:36:21 EDThttp://currents.westlawbusiness.com//Article.aspx?id=14840932-eac3-4ceb-8059-aa4b8ef3b180&src=RSS Britain's Royal Mail said annual profit had more than doubled on the back of an online shopping boom, providing a timely boost ahead of a stock market listing expected later this year...http://currents.westlawbusiness.com//Article.aspx?id=4d0c2acb-bb1c-465d-aa79-b0d93475b4f0&src=RSSMon, 20 May 2013 12:00:00 EDThttp://currents.westlawbusiness.com//Article.aspx?id=4d0c2acb-bb1c-465d-aa79-b0d93475b4f0&src=RSS Pactera Technology International Ltd said on Monday that Blackstone Group LP <BX.N>, together with the company's management, made a $680.3 million non-binding proposal to take China's largest technology outsourcing firm private...http://currents.westlawbusiness.com//Article.aspx?id=3f949f0b-c8bf-4d3d-92dc-d01f53c5bdd2&src=RSSMon, 20 May 2013 11:42:13 EDThttp://currents.westlawbusiness.com//Article.aspx?id=3f949f0b-c8bf-4d3d-92dc-d01f53c5bdd2&src=RSS It's looking like another busy week for high-yield as issuers rush in ahead of the long Memorial Day weekend to take advantage of the current window for issuance...http://currents.westlawbusiness.com//Article.aspx?id=488e75f8-7519-471a-b331-e5d6c79f290a&src=RSSMon, 20 May 2013 11:41:09 EDThttp://currents.westlawbusiness.com//Article.aspx?id=488e75f8-7519-471a-b331-e5d6c79f290a&src=RSS Standard Chartered has agreed to buy the Indian wealth management unit of Morgan Stanley, helping the British bank expand its private banking business in Asia's third-largest economy...http://currents.westlawbusiness.com//Article.aspx?id=f174c620-71f5-4c57-b1c6-a1fe16930c97&src=RSSMon, 20 May 2013 10:26:51 EDThttp://currents.westlawbusiness.com//Article.aspx?id=f174c620-71f5-4c57-b1c6-a1fe16930c97&src=RSS In a case involving whistleblowers at Fidelity Investments, the U.S. Supreme Court on Monday agreed to consider whether mutual fund employees are subject to the same whistleblower protections as workers at publicly traded companies...http://currents.westlawbusiness.com//Article.aspx?id=ce0b55d5-3416-48cf-8cb3-91762f441c67&src=RSSMon, 20 May 2013 10:24:04 EDThttp://currents.westlawbusiness.com//Article.aspx?id=ce0b55d5-3416-48cf-8cb3-91762f441c67&src=RSS Websense Inc said it had agreed to be taken private by Vista Equity Partners in a deal that values the online security firm at about $907 million, a move that should come as a relief to investors after years of weak sales from its legacy business...http://currents.westlawbusiness.com//Article.aspx?id=3fdd58b1-59bd-45b8-90f6-36bbb09d5715&src=RSSMon, 20 May 2013 10:21:16 EDThttp://currents.westlawbusiness.com//Article.aspx?id=3fdd58b1-59bd-45b8-90f6-36bbb09d5715&src=RSS Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was "superior" to founder Michael Dell's...http://currents.westlawbusiness.com//Article.aspx?id=b88327fa-de54-4983-917e-45478d8909a2&src=RSSMon, 20 May 2013 07:47:51 EDThttp://currents.westlawbusiness.com//Article.aspx?id=b88327fa-de54-4983-917e-45478d8909a2&src=RSS Financial trading in world markets has grown so lightning-fast that effective regulation is growing tougher by the second, increasing the threat of crashes sparked by hoaxes, electronic glitches or yet-unknown causes...http://currents.westlawbusiness.com//Article.aspx?id=b8c99f5a-ab02-4325-a717-ee9c02c16055&src=RSSMon, 20 May 2013 07:00:01 EDThttp://currents.westlawbusiness.com//Article.aspx?id=b8c99f5a-ab02-4325-a717-ee9c02c16055&src=RSS Goldman Sachs launched on Monday the sale of about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China, offering to sell its entire remaining stake in the world's biggest bank by market value...http://currents.westlawbusiness.com//Article.aspx?id=41f42454-8d92-44a2-a10f-6a68d18a8ac6&src=RSSMon, 20 May 2013 06:43:06 EDThttp://currents.westlawbusiness.com//Article.aspx?id=41f42454-8d92-44a2-a10f-6a68d18a8ac6&src=RSS Irish drugmaker Elan will stage a return to the bond market this week with a USD800m high-yield offering that will fund share purchases, capital expenditure and acquisitions...http://currents.westlawbusiness.com//Article.aspx?id=0f7c0dea-7ae5-43f1-8fee-1cb2b37520c0&src=RSSMon, 20 May 2013 05:45:53 EDThttp://currents.westlawbusiness.com//Article.aspx?id=0f7c0dea-7ae5-43f1-8fee-1cb2b37520c0&src=RSS Danone has struck a dairy deal in China – but too late to get the cream. The French group will invest $417 million for a minority stake in China Mengniu, the country's biggest milk producer...http://currents.westlawbusiness.com//Article.aspx?id=5789756a-d301-431c-99a4-b21a9f68e08c&src=RSSMon, 20 May 2013 05:44:37 EDThttp://currents.westlawbusiness.com//Article.aspx?id=5789756a-d301-431c-99a4-b21a9f68e08c&src=RSS The European leveraged loan market has suffered from diminishing deal flow as financings opt to go to the US or high-yield bond markets, calling into question the significance and relevance of European syndicate desks and their ability to withstand the loss of business...http://currents.westlawbusiness.com//Article.aspx?id=2b5268d6-fb39-4a48-9346-be67b56ba1cb&src=RSSMon, 20 May 2013 05:26:44 EDThttp://currents.westlawbusiness.com//Article.aspx?id=2b5268d6-fb39-4a48-9346-be67b56ba1cb&src=RSS Luxury magnate Bernard Arnault started acquiring a 14 percent stake in Hermes almost 10 years before he revealed it in 2010. That - and the complex methods used by Arnault to skirt around French disclosure rules...http://currents.westlawbusiness.com//Article.aspx?id=330f8f5a-c227-47cc-8814-e04cb9adcb54&src=RSSMon, 20 May 2013 05:19:30 EDThttp://currents.westlawbusiness.com//Article.aspx?id=330f8f5a-c227-47cc-8814-e04cb9adcb54&src=RSS Bus and rail operator FirstGroup said it hoped to raise 615 million pounds ($934 million) through a rights issue to cut its 2 billion pounds debt as full-year profit collapsed...http://currents.westlawbusiness.com//Article.aspx?id=9f549a01-ea6d-45af-80f0-d283ab9f74f4&src=RSSMon, 20 May 2013 03:33:16 EDThttp://currents.westlawbusiness.com//Article.aspx?id=9f549a01-ea6d-45af-80f0-d283ab9f74f4&src=RSS Irish drug firm Elan agreed on Monday to buy two private drug firms, spin-off its one experimental drug and buy back more shares to give a firmer idea...http://currents.westlawbusiness.com//Article.aspx?id=f271e3b3-152d-47bf-a801-c4025f15b3d0&src=RSSMon, 20 May 2013 02:22:35 EDThttp://currents.westlawbusiness.com//Article.aspx?id=f271e3b3-152d-47bf-a801-c4025f15b3d0&src=RSS Danone Group has agreed to invest 325 million euros ($417 million) in two deals with China Mengniu Dairy Co Ltd, marking a comeback for the French group in China where scandals have hurt confidence in food safety...http://currents.westlawbusiness.com//Article.aspx?id=6576db07-2503-4793-b3a2-72c2c58f76af&src=RSSMon, 20 May 2013 01:15:04 EDThttp://currents.westlawbusiness.com//Article.aspx?id=6576db07-2503-4793-b3a2-72c2c58f76af&src=RSS An activist hedge fund has urged Swedish oil and gas company Petrogrand AB to drop exploration activities in Russia, explore strategic alternatives and replace...http://currents.westlawbusiness.com//Article.aspx?id=d775a342-1cc6-4728-bfeb-29181af033e7&src=RSSFri, 17 May 2013 15:27:20 EDThttp://currents.westlawbusiness.com//Article.aspx?id=d775a342-1cc6-4728-bfeb-29181af033e7&src=RSS Strong debuts in the initial public offerings of two business software companies on Friday underscored a pattern in the market: While consumer companies...http://currents.westlawbusiness.com//Article.aspx?id=4fd1773a-4df7-4a65-b9e7-2592051e88f0&src=RSSFri, 17 May 2013 14:14:57 EDThttp://currents.westlawbusiness.com//Article.aspx?id=4fd1773a-4df7-4a65-b9e7-2592051e88f0&src=RSS Transocean Ltd said shareholders voted out Chairman Michael Talbert at the annual meeting on Friday and backed a nominee of activist investor Carl Icahn...http://currents.westlawbusiness.com//Article.aspx?id=147c6d68-76ed-4c00-a150-01f880776920&src=RSSFri, 17 May 2013 13:30:31 EDThttp://currents.westlawbusiness.com//Article.aspx?id=147c6d68-76ed-4c00-a150-01f880776920&src=RSS Tesla Motors has upsized its debt and equity offerings, as the electric car maker capitalizes on surging investor demand to raise more than $1 billion in cash...http://currents.westlawbusiness.com//Article.aspx?id=95f28b73-34fb-4aeb-8253-4fc6d7ddbb2a&src=RSSFri, 17 May 2013 13:30:31 EDThttp://currents.westlawbusiness.com//Article.aspx?id=95f28b73-34fb-4aeb-8253-4fc6d7ddbb2a&src=RSS U.S. generic drugmaker Actavis, the subject of intense takeover speculation, may have found its best defense: a potential purchase of Warner Chilcott Plc...http://currents.westlawbusiness.com//Article.aspx?id=608e5f98-b941-4d77-9ef0-12d7edde226d&src=RSSFri, 17 May 2013 12:57:24 EDThttp://currents.westlawbusiness.com//Article.aspx?id=608e5f98-b941-4d77-9ef0-12d7edde226d&src=RSS Widening the European Union bonus cap to include almost all the region's bankers could end up throttling a recovery. A new proposal from the European Banking Authority...http://currents.westlawbusiness.com//Article.aspx?id=4b2e0297-8562-470e-87b0-a95674e58406&src=RSSFri, 17 May 2013 12:39:35 EDThttp://currents.westlawbusiness.com//Article.aspx?id=4b2e0297-8562-470e-87b0-a95674e58406&src=RSS Morgans Hotel Group Co said it rejected two takeover bids from a large international hotel company in the past six months because the offer price was "not sufficiently attractive"...http://currents.westlawbusiness.com//Article.aspx?id=3622e0bd-9ecd-4854-8339-62fddae0570e&src=RSSFri, 17 May 2013 11:29:21 EDThttp://currents.westlawbusiness.com//Article.aspx?id=3622e0bd-9ecd-4854-8339-62fddae0570e&src=RSS A drop in European takeovers has depressed global merger and acquisitions (M&A) activity so far this year, but bankers see activity picking up as a rally...http://currents.westlawbusiness.com//Article.aspx?id=14c2aabe-d338-4013-bc8b-f4ed4efde6ec&src=RSSFri, 17 May 2013 11:16:15 EDThttp://currents.westlawbusiness.com//Article.aspx?id=14c2aabe-d338-4013-bc8b-f4ed4efde6ec&src=RSS UK pension funds are dipping a toe into the specialist market for high yielding but risky bank loans in an effort to offset poor returns in their traditional investment portfolios...http://currents.westlawbusiness.com//Article.aspx?id=f8109506-36ad-402d-ba00-8cca788c2216&src=RSSFri, 17 May 2013 08:57:46 EDThttp://currents.westlawbusiness.com//Article.aspx?id=f8109506-36ad-402d-ba00-8cca788c2216&src=RSS EU antitrust regulators have given some of Google's rivals more time to study its proposals to settle anti-competitive complaints, which could provide more leverage...http://currents.westlawbusiness.com//Article.aspx?id=ddbdd37a-3f21-4d71-9162-00eea148c5b1&src=RSSFri, 17 May 2013 08:50:04 EDThttp://currents.westlawbusiness.com//Article.aspx?id=ddbdd37a-3f21-4d71-9162-00eea148c5b1&src=RSS Morrisons, a web laggard, needed to do something to catch up with rivals. But clicking with Ocado comes at a steep price. True, by opting for a joint venture...http://currents.westlawbusiness.com//Article.aspx?id=586141ac-1f9c-45b6-b466-3216feaeec4f&src=RSSFri, 17 May 2013 08:03:31 EDThttp://currents.westlawbusiness.com//Article.aspx?id=586141ac-1f9c-45b6-b466-3216feaeec4f&src=RSS Minority shareholders of Clearwire Corp are expected to vote down a buyout offer from Sprint Nextel Corp next week and force the No.3 U.S. wireless company...http://currents.westlawbusiness.com//Article.aspx?id=a56eaa6d-5935-4458-ad15-94cacc262aae&src=RSSFri, 17 May 2013 07:00:00 EDThttp://currents.westlawbusiness.com//Article.aspx?id=a56eaa6d-5935-4458-ad15-94cacc262aae&src=RSS British supermarket chain Morrison is investing more than 200 million pounds ($306 million) in a 25-year deal with online grocer Ocado, seeking to...http://currents.westlawbusiness.com//Article.aspx?id=af4ebc66-d378-45c8-a7db-50abdc0919c2&src=RSSFri, 17 May 2013 05:57:20 EDThttp://currents.westlawbusiness.com//Article.aspx?id=af4ebc66-d378-45c8-a7db-50abdc0919c2&src=RSS FRAItaly needs to change its covered bond law so that the country's banks can provide cheaper funding to the small and medium-sized enterprises (SMEs) that are the backbone of the economy, bankers said...http://currents.westlawbusiness.com//Article.aspx?id=0e7ec9b9-1c3d-4483-b361-b94dac8f19dd&src=RSSFri, 17 May 2013 05:06:43 EDThttp://currents.westlawbusiness.com//Article.aspx?id=0e7ec9b9-1c3d-4483-b361-b94dac8f19dd&src=RSS The International Islamic Liquidity Management Corp (IILM), which plans to issue its maiden sukuk by June this year, is facing its final hurdle as it aims to secure a network of distributors...http://currents.westlawbusiness.com//Article.aspx?id=53c1cc89-0a4d-45a4-8612-6000eb2f63ec&src=RSSFri, 17 May 2013 04:48:24 EDThttp://currents.westlawbusiness.com//Article.aspx?id=53c1cc89-0a4d-45a4-8612-6000eb2f63ec&src=RSS ID Logistics wants to make acquisitions as early as this year to reach new clients at home and abroad and maintain its double-digit sales growth, its head said...http://currents.westlawbusiness.com//Article.aspx?id=9aae3688-5400-482c-b836-fe522c559daf&src=RSSFri, 17 May 2013 04:44:16 EDThttp://currents.westlawbusiness.com//Article.aspx?id=9aae3688-5400-482c-b836-fe522c559daf&src=RSS Caterpillar Inc has reached a deal to cut $135 million from the price owed for a Chinese mining equipment maker, after accounting irregularities were discovered at the acquired company that forced Caterpillar to take a $580 million impairment charge...http://currents.westlawbusiness.com//Article.aspx?id=490492ee-9e76-45f2-826e-005c4227d0f9&src=RSSFri, 17 May 2013 00:35:21 EDThttp://currents.westlawbusiness.com//Article.aspx?id=490492ee-9e76-45f2-826e-005c4227d0f9&src=RSS