Westlaw Business Currents - The Legal Lens on Business News http://currents.westlawbusiness.com/ReutersNews.aspx (c) 2010 Thomson Reuters. All rights reserved. en-us Fri, 30 Jul 2010 14:30:50 EDT Fri, 30 Jul 2010 14:30:50 EDT westlawbusiness-currents@thomsonreuters.com (Westlaw Business Currents Editorial Staff) Citigroup Inc will pay $75 million to settle charges that it failed to disclose to investors $40 billion in subprime exposure in 2007, the Securities and Exchange Commission said...http://currents.westlawbusiness.com/Articles/2010/07/20100729_0021.aspx?src=RSSThu, 29 Jul 2010 15:26:24 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100729_0021.aspx?src=RSS Japan's Panasonic Corp said it would buy out subsidiaries Sanyo Electric and Panasonic Electric Works for up to $9.4 billion in cash and shares to accelerate its push into greener businesses...http://currents.westlawbusiness.com/Articles/2010/07/20100729_0010.aspx?src=RSSThu, 29 Jul 2010 08:44:58 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100729_0010.aspx?src=RSS HealthGrades Inc, which provides ratings and profiles on hospitals, nursing homes and physicians, agreed to be acquired by Vestar Capital Partners, a private equity firm...http://currents.westlawbusiness.com/Articles/2010/07/20100728_0020.aspx?src=RSSWed, 28 Jul 2010 12:30:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100728_0020.aspx?src=RSS ConocoPhillips, the third-largest U.S. oil company, said it will sell its entire stake in Russian oil major Lukoil in a bid to boost shareholder returns and reported better-than-expected quarterly profit...http://currents.westlawbusiness.com/Articles/2010/07/20100728_0014.aspx?src=RSSWed, 28 Jul 2010 10:02:43 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100728_0014.aspx?src=RSS Spain's Telefonica has won its battle for a bigger share of the burgeoning Brazilian market, raising its offer for Portugal Telecom's stake in mobile operator Vivo to...http://currents.westlawbusiness.com/Articles/2010/07/20100728_0028.aspx?src=RSSWed, 28 Jul 2010 10:00:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100728_0028.aspx?src=RSS Brazilian phone giant Oi said that Portugal Telecom would pay 8.44 billion reais ($4.77 billion) for stakes in the company and two operating units, as part of a broader plan to expand in Latin America and Africa...http://currents.westlawbusiness.com/Articles/2010/07/20100728_0011.aspx?src=RSSWed, 28 Jul 2010 09:53:38 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100728_0011.aspx?src=RSS RealPage Inc filed with U.S. regulators to raise up to $189 million in an initial public offering of its shares...http://currents.westlawbusiness.com/Articles/2010/07/20100728_0024.aspx?src=RSSWed, 28 Jul 2010 06:45:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100728_0024.aspx?src=RSS Hess Corp said it will acquire American Oil & Gas Inc in a stock deal worth about $445 million and boost its acreage in the North Dakota Bakken shale oil play... http://currents.westlawbusiness.com/Articles/2010/07/20100728_0013.aspx?src=RSSWed, 28 Jul 2010 01:00:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100728_0013.aspx?src=RSS Brasoil Exploration, which is exploring for oil and gas resources in Brazil, aims to raise about C$150 million ($144 million) in an initial public offering to...http://currents.westlawbusiness.com/Articles/2010/07/20100728_0022.aspx?src=RSSTue, 27 Jul 2010 18:30:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100728_0022.aspx?src=RSS UCI International Inc filed with U.S. regulators to raise up to $200 million in an initial public offering of common stock...http://currents.westlawbusiness.com/Articles/2010/07/20100728_0016.aspx?src=RSSTue, 27 Jul 2010 17:30:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100728_0016.aspx?src=RSS General Electric Co will pay $23.4 million to settle charges that executives bribed Iraqi government officials to win contracts, the U.S. Securities and Exchange Commission said...http://currents.westlawbusiness.com/Articles/2010/07/20100727_0016.aspx?src=RSSTue, 27 Jul 2010 12:59:39 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100727_0016.aspx?src=RSS Tomkins Plc, the British maker of car parts, industrial hoses and bath tubs, backed a 2.9 billion pounds ($4.50 billion) takeover offer from Canadian investors that...http://currents.westlawbusiness.com/Articles/2010/07/20100727_0008.aspx?src=RSSTue, 27 Jul 2010 09:00:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100727_0008.aspx?src=RSS BP Plc named American Bob Dudley as its next CEO, saying Tony Hayward would stand down after his gaffe-prone handling of the worst oil spill in U.S. history that triggered a $17 billion...http://currents.westlawbusiness.com/Articles/2010/07/20100721_0004.aspx?src=RSSTue, 27 Jul 2010 03:45:59 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100721_0004.aspx?src=RSS Online travel company MakeMyTrip Ltd filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock...http://currents.westlawbusiness.com/Articles/2010/07/20100726_0025.aspx?src=RSSMon, 26 Jul 2010 17:27:26 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100726_0025.aspx?src=RSS The U.S. Securities and Exchange Commission said Goldman Sachs Group Inc will be allowed to continue to issue securities after settling civil fraud charges earlier this month...http://currents.westlawbusiness.com/Articles/2010/07/20100726_0021.aspx?src=RSSMon, 26 Jul 2010 13:37:13 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100726_0021.aspx?src=RSS Billionaire Carl Icahn accused Canadian-headquartered Hollywood studio Lions Gate Entertainment Corp of using "scorched-earth" tactics to thwart his takeover bid for the company, and pledged legal action...http://currents.westlawbusiness.com/Articles/2010/07/20100726_0013.aspx?src=RSSMon, 26 Jul 2010 11:07:35 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100726_0013.aspx?src=RSS Bankrupt Canadian newsprint producer AbitibiBowater Inc said it repaid $166 million of its debtor-in-possession loan following an improvement in market conditions and... http://currents.westlawbusiness.com/Articles/2010/07/20100726_0020.aspx?src=RSSMon, 26 Jul 2010 10:30:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100726_0020.aspx?src=RSS Magna International said that about three-quarters of its subordinate shareholders approved a deal that would pay founder Frank Stronach upwards of...http://currents.westlawbusiness.com/Articles/2010/07/20100726_0016.aspx?src=RSSFri, 23 Jul 2010 17:00:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100726_0016.aspx?src=RSS Dell Inc said it has agreed to a $100 million settlement with the U.S. Securities and Exchange Commission following an... http://currents.westlawbusiness.com/Articles/2010/07/20100722_0032.aspx?src=RSSThu, 22 Jul 2010 16:45:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100722_0032.aspx?src=RSS General Motors Co said it would acquire auto finance company AmeriCredit Corp for $3.5 billion in cash in a deal aimed at easing financing terms for subprime car shoppers...http://currents.westlawbusiness.com/Articles/2010/07/20100722_0009.aspx?src=RSSThu, 22 Jul 2010 08:29:18 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100722_0009.aspx?src=RSS In a filing with the U.S. Securities and Exchange Commission, the transportation services company said that Morgan Stanley, BofA Merrill Lynch and Wells Fargo Securities are...http://currents.westlawbusiness.com/Articles/2010/07/20100722_0012.aspx?src=RSSThu, 22 Jul 2010 07:00:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100722_0012.aspx?src=RSS Dutch company NXP Semiconductors N.V. filed with U.S. regulators for a $663 million initial public offering of its shares...http://currents.westlawbusiness.com/Articles/2010/07/20100722_0014.aspx?src=RSSThu, 22 Jul 2010 07:00:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100722_0014.aspx?src=RSS British publisher Pearson Plc is investing 888 million Brazilian reais ($499 million) to partner with Sistema Educacional Brasileiro, more than doubling the size of its education business in Brazil...http://currents.westlawbusiness.com/Articles/2010/07/20100722_0004.aspx?src=RSSThu, 22 Jul 2010 04:22:35 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100722_0004.aspx?src=RSS Private equity firm TPG Capital is investing $300 million in natural gas company Copano Energy, which it will use to fund shale gas production developments...http://currents.westlawbusiness.com/Articles/2010/07/20100722_0013.aspx?src=RSSWed, 21 Jul 2010 17:15:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100722_0013.aspx?src=RSS U.S. securities regulators said they will propose a cap on mutual fund marketing fees, a move that could reduce costs for investors and put a dent in brokerage and... http://currents.westlawbusiness.com/Articles/2010/07/20100722_0011.aspx?src=RSSWed, 21 Jul 2010 16:30:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100722_0011.aspx?src=RSS The Securities and Exchange Commission is in the midst of more probes stemming from the financial crisis, its chairman said, a week after Goldman Sachs settled fraud charges for...http://currents.westlawbusiness.com/Articles/2010/07/20100720_0023.aspx?src=RSSTue, 20 Jul 2010 13:45:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100720_0023.aspx?src=RSS Billionaire investor Carl Icahn renewed a hostile takeover bid for Lions Gate Entertainment Corp but at a lower price, ending a 10-day truce in a drawn-out battle for the Hollywood studio...http://currents.westlawbusiness.com/Articles/2010/07/20100720_0020.aspx?src=RSSTue, 20 Jul 2010 11:52:41 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100720_0020.aspx?src=RSS Diversified manufacturer Griffon Corp said it would buy lawn and garden tools maker Ames True Temper from private equity firm Castle Harlan for $542 million in cash...http://currents.westlawbusiness.com/Articles/2010/07/20100720_0012.aspx?src=RSSTue, 20 Jul 2010 10:09:18 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100720_0012.aspx?src=RSS Goldman Sachs Group Inc posted lower second-quarter earnings, hurt by its settlement of U.S. Securities and Exchange Commission civil fraud charges and the UK tax on bank executive bonuses...http://currents.westlawbusiness.com/Articles/2010/07/20100720_0019.aspx?src=RSSTue, 20 Jul 2010 09:14:45 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100720_0019.aspx?src=RSS Onex Corp and the Canada Pension Plan Investment Board are considering a $4.5 billion takeover bid for UK car parts maker Tomkins Plc as the weak British pound encourages two more...http://currents.westlawbusiness.com/Articles/2010/07/20100719_0014.aspx?src=RSSMon, 19 Jul 2010 10:45:51 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100719_0014.aspx?src=RSS Nokia Siemens Networks is buying Motorola Inc's telecom network equipment business, boosting its position in North America and taking number two spot in the cut-throat mobile gear market...http://currents.westlawbusiness.com/Articles/2010/07/20100719_0009.aspx?src=RSSMon, 19 Jul 2010 09:45:17 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100719_0009.aspx?src=RSS ATC Technology Corp, an engineering and logistics services provider, said it agreed to be acquired by privately held GENCO Distribution System Inc for about $512.6 million in cash...http://currents.westlawbusiness.com/Articles/2010/07/20100719_0019.aspx?src=RSSMon, 19 Jul 2010 08:17:02 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100719_0019.aspx?src=RSS The Securities and Exchange Commission said it created three expert units to focus on big financial companies, complex securities and securities offerings...http://currents.westlawbusiness.com/Articles/2010/07/20100716_0013.aspx?src=RSSFri, 16 Jul 2010 14:40:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100716_0013.aspx?src=RSS Independent power producers Mirant Corp and RRI Energy have received a request from the U.S. Department of Justice (DOJ) for additional information regarding their proposed merger...http://currents.westlawbusiness.com/Articles/2010/07/20100716_0012.aspx?src=RSSFri, 16 Jul 2010 09:50:00 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100716_0012.aspx?src=RSS The U.S. Congress approved the broadest overhaul of financial rules since the Great Depression and sent it to President Barack Obama to sign into law...http://currents.westlawbusiness.com/Articles/2010/07/20100715_0023.aspx?src=RSSThu, 15 Jul 2010 15:40:09 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100715_0023.aspx?src=RSS Molybdenum miner Thompson Creek Metals said it intends to acquire exploration company Terrane Metals in a deal worth about C$650 million ($625 million) as it moves to diversify its commodity exposure...http://currents.westlawbusiness.com/Articles/2010/07/20100715_0014.aspx?src=RSSThu, 15 Jul 2010 13:18:59 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100715_0014.aspx?src=RSS U.S. nutritional supplements maker NBTY Inc said it agreed to be bought by Carlyle Group for $3.8 billion in one of the biggest private equity deals so far this year...http://currents.westlawbusiness.com/Articles/2010/07/20100715_0010.aspx?src=RSSThu, 15 Jul 2010 09:42:50 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100715_0010.aspx?src=RSS GlaxoSmithKline expects to record a legal charge of 1.57 billion pounds ($2.4 billion) for the second quarter after settling the "substantial majority" of claims relating to its controversial diabetes pill Avandia...http://currents.westlawbusiness.com/Articles/2010/07/20100715_0017.aspx?src=RSSThu, 15 Jul 2010 08:11:02 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100715_0017.aspx?src=RSS Nippon Telegraph and Telephone Corp is buying South African IT firm Dimension Data for up to 2.12 billion pounds ($3.2 billion) to expand into overseas markets, including in fast-growing Africa...http://currents.westlawbusiness.com/Articles/2010/07/20100715_0005.aspx?src=RSSThu, 15 Jul 2010 05:17:16 EDThttp://currents.westlawbusiness.com/Articles/2010/07/20100715_0005.aspx?src=RSS