- Blackstone notifies Cohen's SAC it intends to pull money: pension consultant Reuters - 7 hours ago
Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its ...
- Chinese premier criticizes EU move on trade measures Reuters - 21 hours ago
Chinese Premier Li Keqiang criticized the European Union over its plans to investigate alleged anti-competitive behavior by Chinese mobile telecom equipment makers and to impose punitive import duties ...
- News Corp to take charge of up to $1.4 billion this quarter Reuters - 22 hours ago
News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment ...
- Lobbying in American-US Airways deal focuses on small cities Reuters - 22 hours ago
US Airways Group and American Airlines , seeking approval for a merger that would create the world's largest airline, are warning lawmakers that a requirement to divest certain airport slots would lead ...
- New York claims more proof of bank mortgage abuses Reuters - Fri, 24 May, 2013 7:56 PM EDT
New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp , Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing ...
- Exclusive: In surprise, General Growth eyes New York office tower Reuters - Fri, 24 May, 2013 7:27 PM EDT
General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for an expensive New York building in what could mark the No. 2 U.S. mall owner's entry into a new segment of the retail ...
- Visa, Mastercard ask U.S. court to declare card fees are lawful Reuters - Fri, 24 May, 2013 5:40 PM EDT
Visa Inc and MasterCard Inc, opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law. ...
- Egyptian tycoon to buy MTS fiber network in new Canada push Reuters - Fri, 24 May, 2013 5:10 PM EDT
Manitoba Telecom Services Inc will sell its Allstream fiber optic network to a company controlled by telecom tycoon Naguib Sawiris for C$520 million , a deal that signals the Egyptian magnate is still ...
- Valeant deal sparks share jump, helps TSX ends week higher Reuters - Fri, 24 May, 2013 5:00 PM EDT
Canada's main stock index reversed earlier losses on Friday after several stocks jumped on takeover moves, helping the TSX shrug off uncertainty over U.S. central bank monetary policy that hurt U.S. indices. ...
- Justice Department opposes AMR's $20 million severance for CEO Horton Reuters - Fri, 24 May, 2013 4:32 PM EDT
A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing ...
- U.S. audit regulator reaches deal with China on document access Reuters - Fri, 24 May, 2013 4:29 PM EDT
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 ...
- Yahoo joins growing list of bidders for Hulu: sources Reuters - Fri, 24 May, 2013 4:19 PM EDT
Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters ...
- Valeant near deal to acquire Bausch & Lomb: source Reuters - Fri, 24 May, 2013 4:16 PM EDT
Canada's Valeant Pharmaceuticals International is nearing a deal to acquire eye care company Bausch & Lomb Holdings Inc from Warburg Pincus LLC for about $9 billion, a person familiar with the matter said ...
- Exclusive: DBRS to rate all euro zone sovereigns by year-end Reuters - Fri, 24 May, 2013 2:46 PM EDT
DBRS plans to rate the credit of all euro-zone sovereigns by year-end, from the current 10 of 17, which will give the now-missing countries one more way for the ECB to weigh how valuable each nation's ...
- State Department posts feedback on Keystone pipeline Reuters - Fri, 24 May, 2013 2:30 PM EDT
The State Department says it is taking the unusual step of releasing publicly the feedback it has received about a controversial pipeline project after an "unprecedented" response to its draft ...
- Empire Life Insurance sells C$300 mln of debt: term sheet Reuters - Fri, 24 May, 2013 1:58 PM EDT
Empire Life Insurance Co on Friday sold C$300 million of notes due May 31, 2023, according a term sheet seen by Reuters. The 2.87 percent notes were priced at par to yield 147.1 basis points over the Canadian ...
- Ford to retain 1,000 jobs at French plant after deal Reuters - Fri, 24 May, 2013 1:48 PM EDT
Car maker Ford will retain 1,000 jobs at a plant in southwest France after striking a deal on Friday with local authorities to share the burden of new investments needed to keep the factory operating. ...
- UBS France could face criminal investigation: source Reuters - Fri, 24 May, 2013 1:26 PM EDT
UBS' French unit could be placed under formal investigation in the coming days as part of a broader probe into the Swiss bank's business practices, a person familiar with the matter said on Friday. UBS ...
- Monte Paschi might not be an isolated bank case in Italy: Chairman Reuters - Fri, 24 May, 2013 12:55 PM EDT
The crisis that has hit Italy's third-largest lender Banca Monte dei Paschi di Siena might not be an isolated case, Monte Paschi Chairman Alessandro Profumo said on Friday. "There could be other cases ...
- EU risks "too big to cooperate" bank supervision Reuters - Fri, 24 May, 2013 12:49 PM EDT
The role of the European Banking Authority must be beefed up beyond current plans to ensure that regulation of Europe's banks does not fragment into two competing systems, one of the architects of the ...
- Ally of HK leader investigated in exchange probe Reuters - Fri, 24 May, 2013 12:48 PM EDT
The chairman of Hong Kong's Mercantile Exchange is under police investigation, the government said on Friday, as three other men were charged with possessing false documents including a fake cheque for ...
- News Corp's publishing business to initiate stock buyback Reuters - Fri, 24 May, 2013 12:43 PM EDT
News Corp set the distribution ratios for the spinoff of its publishing business, which may start buying back stock right away. The board of the publishing business, which will retain the News Corp name, ...
- HSBC calls for faster banking reforms Reuters - Fri, 24 May, 2013 12:13 PM EDT
HSBC called on regulators to speed up industry reform as its shareholders urged Europe's biggest bank to take a lead in cutting pay and criticized it for compliance failings and aiding tax avoidance. HSBC ...
- AirAsia may order 50 more Airbus jets: CEO Reuters - Fri, 24 May, 2013 11:20 AM EDT
Asia's largest budget carrier, AirAsia , may order an additional 50 Airbus A320 jets on top of its existing record order for 475 of the Airbus model, Chief Executive Tony Fernandes said on Friday. The ...
- Henrik Fisker joins Hong Kong tycoon to salvage Fisker: sources Reuters - Fri, 24 May, 2013 10:50 AM EDT
Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people ...
- Insight: Luxury brands position for U.S. boom Reuters - Fri, 24 May, 2013 10:09 AM EDT
Most men might balk at spending $600 on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences are becoming increasingly commonplace. Ephraim is the kind of ...
- P&G CEO switch will not lead to big strategy change-CFO Reuters - Fri, 24 May, 2013 8:49 AM EDT
Procter & Gamble Co said on Friday the surprise return of A.G. Lafley as chairman and chief executive was not an indication of any bigger problems at the world's largest consumer products maker. Lafley ...
- Raiffeisen CEO quits over offshore deals Reuters - Fri, 24 May, 2013 8:20 AM EDT
Raiffeisen Bank International Chief Executive Herbert Stepic resigned on Friday in what he called an effort to spare his bank from negative publicity over personal property deals that triggered scrutiny ...
- National Bank announces results, share buyback; boosts dividend Reuters - Fri, 24 May, 2013 8:17 AM EDT
National Bank of Canada reported a 6 percent increase in its quarterly operating profit on Friday, while also outlining plans to buy back shares and raise its quarterly dividend. The Montreal-based bank ...
- Analysis: German economy to pick up but fall short of traditional pace Reuters - Fri, 24 May, 2013 7:53 AM EDT
Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt exports and investment. ...
- Academics back BP's fight to cap oil spill payouts Reuters - Fri, 24 May, 2013 6:10 AM EDT
A group of accountancy professors is backing BP's fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow threatens to add billions of dollars to its bill for the disaster. ...
- Three mainland Chinese charged in HK mercantile exchange probe Reuters - Fri, 24 May, 2013 6:07 AM EDT
Three men were charged on Friday in a Hong Kong court with possessing false documents including a check for $460 million in connection with an investigation into the city's shuttered Hong Kong Mercantile ...
- Bank of England's Fisher says does not want U.S.-style QE pledge Reuters - Fri, 24 May, 2013 5:55 AM EDT
A Bank of England policymaker said on Friday he favored small additional amounts of bond purchases over time, but not a hard-to-manage commitment to longer-term stimulus like that of the U.S. Federal Reserve. ...
- Fed's Bullard wants inflation pickup before tapering QE Reuters - Fri, 24 May, 2013 5:41 AM EDT
A top Federal Reserve official said on Friday U.S. inflation would have to pick up before he voted to scale back monetary policy stimulus and that this was unlikely to happen in the coming month. "Before ...
- Google faces new federal antitrust probe: source Reuters - Thu, 23 May, 2013 8:54 PM EDT
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 ...
