- Yum profit up as China keeps growing February 6, 2012(Reuters) - KFC parent Yum Brands Inc reported fourth-quarter profit that topped Wall Street's view after accelerating sales at established restaurants in China helped ease worries that growth in that key market was slowing. […]
- Wall St edges lower after string of gains February 6, 2012NEW YORK (Reuters) - Stocks closed slightly lower on Monday as lingering questions about Europe's debt crisis and corporate earnings overshadowed growing optimism about economic growth after a five-week rally. […]
- Stanford used fake accounting to back bank: witness February 6, 2012HOUSTON (Reuters) - Allen Stanford used fake accounting to prop up his offshore bank in its waning days, as withdrawal requests from investors poured in, Stanford's former top deputy said on Monday. […]
- 787 glitch may pressure Boeing production outlook February 6, 2012(Reuters) - Boeing Co faces fresh questions over whether it can meet what was already viewed to be an overly ambitious production schedule for the 787 Dreamliner, after the aerospace company said it had found a problem with the jet's fuselage. […]
- IMF's Blanchard sees "very large" Greek haircut February 6, 2012WASHINGTON (Reuters) - The IMF's chief economist, Olivier Blanchard, said on Monday it looks like the 'haircut' on Greek private debt will be "very large" as negotiations between bondholders and the government drag on to cut Greece's debt burden. […]
- MF Global shortfall worsened as bankruptcy neared February 6, 2012(Reuters) - A shortfall in customer funds at MF Global Holdings' broker-dealer unit grew in the days before the company went bankrupt, as client money increasingly was used to pay for MF's daily activities, said the trustee liquidating the broker-dealer. […]
- Analysis: Brent premium to U.S. oil set for another blowout? February 6, 2012NEW YORK (Reuters) - Brent crude's premium to U.S. oil could be poised for another record run after jumping 50 percent over the past week, as an expected build in Midwest inventories again exerts pressure on the U.S. benchmark. […]
- Skepticism grows around Medco/Express Scripts deal February 6, 2012WASHINGTON (Reuters) - Objections to Express Scripts' $29 billion plan to buy rival pharmacy benefits manager Medco Health Solutions are accumulating as U.S. antitrust regulators weigh whether they have enough evidence to stop the megamerger. […]
- Greeks delay bailout talks as Merkel demands action February 6, 2012ATHENS/PARIS (Reuters) - German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day. […]
- Fed should raise rates in 2013, Bullard says February 6, 2012CHICAGO (Reuters) - The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that many years of near-zero rates will do little to return economic output to pre-recession levels and risks causing "disaster." […]
- Yum profit up as China keeps growing February 6, 2012
-
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- Humana's Net Jumps 86%Humana's earnings surged 86% as the health insurer continued to benefit from membership growth and light use of health benefits. […]
- Verizon, Redbox Plan Online Video ServiceTelecom company Verizon Communications and Redbox video-kiosk owner Coinstar said Monday they will launch an online service in the second half of the year featuring streaming videos and downloads. […]
- Nabors Ex-CEO Waives ClaimEugene Isenberg agreed to relinquish his right to a $100 million termination payment that was triggered when oil driller Nabors Industries replaced him as CEO while keeping him on as chairman. […]
- Blue Chips Fret Again Over GreeceStocks drifted lower, putting on hold five weeks of gains for the broader market, as investors shifted their focus to wrangling in Greece over fiscal austerity. […]
- Forex Volume Drops for First Time Since 2009Global foreign-exchange trading volume dropped for the first time since the financial crisis, according to data released Monday by four major central banks. […]
- Greece to Cut Public-Sector JobsGreece has agreed to lay off 15,000 public-sector workers by the end of 2012, as international pressure mounts on Athens to agree on austerity measures needed to secure major new debt agreements. […]
- MF Funds Missing Days Before BankruptcyThe trustee overseeing the liquidation of MF Global's brokerage said a shortfall of customer funds existed five days before the company failed, growing in size until it filed for bankruptcy protection. […]
- Lazard Swings to LossLazard swung to a loss in the fourth quarter as the investment bank struggled with a slump in advisory revenue and higher-than-expected compensation costs despite slashing year-end bonuses. […]
- Tesco Delays Launch of U.K. Current AccountsU.K. supermarket giant cites difficulty for customers to switch banks for offering's pushback to 2013. […]
- Hasbro's Net Edges LowerHasbro's earnings slipped as the toy maker booked double-digit sales declines in the girls and games categories. […]
- Humana's Net Jumps 86%
- Humana's Net Jumps 86%Humana's earnings surged 86% as the health insurer continued to benefit from membership growth and light use of health benefits. […]
- Verizon, Redbox Plan Online Video ServiceTelecom company Verizon Communications and Redbox video-kiosk owner Coinstar said Monday they will launch an online service in the second half of the year featuring streaming videos and downloads. […]
- Nabors Ex-CEO Waives ClaimEugene Isenberg agreed to relinquish his right to a $100 million termination payment that was triggered when oil driller Nabors Industries replaced him as CEO while keeping him on as chairman. […]
- Humana's Net Jumps 86%
- Humana's Net Jumps 86%Humana's earnings surged 86% as the health insurer continued to benefit from membership growth and light use of health benefits. […]
- Verizon, Redbox Plan Online Video ServiceTelecom company Verizon Communications and Redbox video-kiosk owner Coinstar said Monday they will launch an online service in the second half of the year featuring streaming videos and downloads. […]
- Nabors Ex-CEO Waives ClaimEugene Isenberg agreed to relinquish his right to a $100 million termination payment that was triggered when oil driller Nabors Industries replaced him as CEO while keeping him on as chairman. […]
- Blue Chips Fret Again Over GreeceStocks drifted lower, putting on hold five weeks of gains for the broader market, as investors shifted their focus to wrangling in Greece over fiscal austerity. […]
- Humana's Net Jumps 86%
- Meet With Industry Players To SucceedMichelle Randall went from backpacking in Southeast Asia to teaching Fortune 500 executives how to boost their businesses on an international scale.Her company, Enriching Leadership International, has a client list that includes IBM (IBM), Kaiser Permanente and Deutsche Telekom. One of her goal-achieving secrets: her business-benchmarking group. At least twi […]
- Jim Wright Puts Tractor Supply On The Fast TrackJim Wright doesn't pay lip service to the corporate culture. He lives it. The CEO of Tractor Supply (TSCO)says an integral part of his job is to nurture the deep-rooted values that pervade every corner of the farm and ranch supplies' retailer. "The culture of a company is like the sand on a beach," Wright, 62, told IBD. "Wind and wat […]
- Multiclient Strategy Pays Off At Buffalo Wild WingsChicken wings and sporting events go together like French toast and maple syrup. Buffalo Wild Wings Grill & Bar restaurants have been capitalizing on America's love of wings and sports for years. But can America's unending appetite for fried chicken wings, beer and a lively atmosphere continue? Buffalo Wild Wings (BWLD) has grown to 815 outlets […]
- F5 Cultivates Customers When Launching New ProductsIn 2011, F5 Networks released the 11th version of its BIG-IP family of software products. Customers have responded enthusiastically. "Our customer satisfaction ratings are higher than they've ever been," said Dan Matte, F5's (FFIV) executive vice president of marketing and business development. "And adoption rates (of BIG-IP version […]
- Be Sure To Strike The Right Balance When You DelegateAs your company grows, you'll need to calibrate how you delegate. If you're too controlling, you can alienate employees. But if you give them too much responsibility, costly mistakes can sting. Razvan Olosu has experimented with the appropriate level of delegation. He founded Novero, a tech firm based in Dusseldorf, Germany, in a 2008 management bu […]
- Workers Focusing On Personal DebtMost American workers are concerned about their personal short-term finances rather than long-term investments in 2012. A survey by finance, accounting and staffing firm Accounting Principals found that paying down personal debt, such as credit cards and other outstanding bills, is a top priority for 43% of respondents. Only 27% of workers plan to put money […]
- Businesses Snagged By Global PaymentsDespite strides in technology, cross-border payments continue to pose challenges for companies globally. A survey by Western Union found that 35% of respondents cited high fees and hidden transaction costs as their key hurdle in making cross-border cash transfers. Twenty-eight percent cited currency volatility, or the payments' timing. Only 40% said tha […]
- Slow Job Growth For Smaller FirmsU.S. small businesses created 50,000 jobs in January but paid workers less and gave fewer hours. The Intuit Small Business Employment Index says the East Coast, especially New York, showed more hiring softness than other parts of the country. The monthly report found that small-business employment grew 0.25% in January, pointing to an annual growth rate of 2 […]
- Energy, Transport Fuel ConstructionAn infrastructure investment boom in many cities around the world is opening up opportunities for global engineering and construction companies. The KPMG 2012 Global Construction Survey also found that the energy and transport sectors offered the best revenue prospects. Forty percent of engineering and construction players polled said the energy sector prese […]
- Speedy And Agile Teams Gain Against The CompetitionWhat fires up teams? Forward progress. How top players move the business ball: Hurry up your offense. It's easy to get bogged down in details. So when acquisitions increased employee head count by 25% at Deltek (PROJ), CEO Kevin Parker emphasized hustle. "Within 30 days, we had the entire organizational structure figured out," he told IBD. Ach […]
- Meet With Industry Players To Succeed
Reuters: Politics- Romney campaign takes aim at Santorum February 6, 2012GRAND JUNCTION, Colorado (Reuters) - Republican presidential frontrunner Mitt Romney on Monday focused his campaign's firepower on Rick Santorum to head off his surge in two of three states with nominating contests this week. […]
- Ron Paul reimbursed twice for airline tickets: report February 6, 2012WASHINGTON (Reuters) - Republican White House candidate and champion for smaller government Ron Paul appears to have been reimbursed twice for travel between his congressional district and Washington with both taxpayer and campaign funds, the Roll Call newspaper said on Monday. […]
- Obama tightens Iran sanctions over bank "deception" February 6, 2012WASHINGTON (Reuters) - President Barack Obama tightened sanctions on Iran another notch, the White House said on Monday, targeting its central bank and giving U.S. banks new powers to freeze assets linked to the government. […]
- U.S. reaches deal to avoid Japan, EU trade sanctions February 6, 2012WASHINGTON (Reuters) - The United States said on Monday it has struck a deal sparing U.S. exporters from hundreds of millions of dollars in European and Japanese trade retaliation in a dispute over how Washington calculates anti-dumping duties on steel and other goods. […]
- With economy improving, Obama would beat Romney: poll February 6, 2012WASHINGTON (Reuters) - President Barack Obama - bolstered by a stronger economic outlook and recent job growth - would win in a match-up against the two leading Republican presidential candidates Mitt Romney and Newt Gingrich, a poll on Monday showed. […]
- No way China can sustain its growth: Biden February 6, 2012WASHINGTON (Reuters) - Vice President Joe Biden warned on Monday that there is no way that China will be able to sustain its current level of economic growth because of what he called its "God-awful" one-child policy. […]
- U.S. arms buyer says F-35 jet purchase was bungled February 6, 2012WASHINGTON (Reuters) - The Pentagon's initial plan to start producing Lockheed Martin Corp $382 billion F-35 Joint Strike Fighter years before testing was complete amounted to "acquisition malpractice," the Defense Department's acting chief arms buyer said on Monday. […]
- Anger, disarray and double defeat take toll on Gingrich February 6, 2012LAS VEGAS (Reuters) - What happens in Vegas, stays in Vegas. And Republican Newt Gingrich certainly will hope the disarray that marred his campaign in Nevada last week will not doom his White House bid as he heads toward a possible Super Tuesday last-stand next month. […]
- Obama: Possible to resolve Syria crisis without military action February 6, 2012WASHINGTON (Reuters) - President Barack Obama vowed to apply sanctions and step up pressure on Syrian President Bashar al-Assad's government to leave power but said the Syrian crisis could be resolved without outside military intervention. […]
- U.S. targets food stamp fraud as election looms February 6, 2012LOS ANGELES (Reuters) - Stung by election-year criticism of a program used by one in seven Americans, administrators of U.S. food stamp benefits are intensifying efforts to combat fraud and protect the $75.3 billion plan from the budget axe. […]
- Romney campaign takes aim at Santorum February 6, 2012
- Investing
- Stocks Down In Early Afternoon On Greek Debt WorriesStocks remained in the red in the early afternoon Monday amid renewed concerns over Greece. But the major averages were off their earlier lows. The Nasdaq and the S&P 500 were each down 0.1% after falling as much as 0.6% and 0.5%, respectively. Meanwhile, the Dow Jones industrial average lost 0.3%. Volume was tracking sharply lower on both major exchange […]
- Major Stock Indexes Down At Midday On Greece WorriesStocks were down at midday Monday amid renewed concerns over Greece, but the major averages had recouped a chunk of their earlier losses. The Nasdaq was off 0.3% and the S&P 500 0.2% after falling as much as 0.6% and 0.5%, respectively. Meanwhile, the Dow Jones industrial average lost 0.2%. Volume was tracking sharply lower on both major exchanges. Greec […]
- Stocks Rebound After Opening Lower On Greek ConcernsStocks stumbled out of the gate Monday on renewed concerns over Greece, but they have already trimmed the bulk of their losses. The Nasdaq and S&P 500 were off by 0.3% each. They were down as much as 0.6% and 0.5%, respectively. Meanwhile, the Dow Jones industrial average also lost 0.3%. Boeing (BA) and IBM (IBM) were among the biggest point losers. Volu […]
- Stock Futures Fall On Greece; Humana Sinks On EarningsStock futures retreated modestly Monday after Greece and private bondholders failed yet again to reach a debt restructuring deal, raising concerns about a messy default ahead. Dow futures fell 64 points vs. fair value. Nasdaq 100 futures retreated nearly 14 points vs. fair value and S&P 500 futures sank 8 points. Humana (HUM) fell 3.5% in premarket […]
- Stocks Spring Ahead In Fast TradeStocks rumbled higher in fast trading Friday as the Nasdaq surpassed its May high and reached its highest level since December 2000. The Nasdaq jumped 1.6%, the S&P 500 1.5% and the NYSE composite 1.4%. Small caps led as the S&P 600 surged 2.1% and the Russell 2000 2.2%. Volume rose on both major exchanges. So far in 2012, the Nasdaq is up an impress […]
- Pros, Cons Of 529 Plans For Sophisticated, Affluent Parents529 may sound more like a floor cleaner or a quarterback's call sequence than a tax-favored college investment plan. But the $135 billion held in 529 plans is proof they're really a popular vehicle for financing Junior's college education. But wait. There's more. These accounts can also be a useful estate planning tool. "Parents and […]
- Bonds Sell Off As Jobs Data Reduce Bets On StimulusU.S. Treasury prices plunged on Friday as a surge in U.S. payrolls surprised investors who had bought bonds aggressively last week after the Federal Reserve vowed to keep ultralow interest rates until late 2014. Benchmark 10-year Treasuries lost one point in price after the U.S. Labor Department said the economy created jobs at the fastest pace in nine month […]
- U.S. Jobs Jump Lifts Crude Oil, Soybean, CocoaU.S. oil futures rose on Friday, snapping a five-day slide, and copper prices jumped too, after the government reported a surge in jobs growth, boosting investor confidence in the world's biggest economy and sending industrial commodities rallying. Agricultural markets such as soybeans and cocoa also rose sharply due to tighter supply forecasts. Gold bu […]
- MasterCard, SolarWinds, Other Top Stocks Break OutLeading stocks nearly all hustled higher during the past week. Quite a few even broke out and hit new peaks. On average, IBD 50 names gained 3.4% for the week, outperforming the major indexes. The Nasdaq rose 3.2%, closing at levels last seen in December 2000. The NYSE composite advanced 2.3% while the S&P 500 added 2.2%. The growing number of breakouts […]
- Biotech Celgene Seeks More Uses, Markets For RevlimidCompanies that depend on a single product for the bulk of their sales can be risky. There is little or no safety net if competition or regulatory issues arise. Celgene (CELG) is in that situation. Last year, sales of the biotech's bread-and-butter Revlimid treatment made up almost 70% of its total revenue of more than $4.8 billion. But the biotech has m […]
- Stocks Down In Early Afternoon On Greek Debt Worries
- Reuters: Deals
- MF Global shortfall worsened as bankruptcy neared February 6, 2012(Reuters) - A shortfall in customer funds at MF Global Holdings' broker-dealer unit grew in the days before the company went bankrupt, as client money increasingly was used to pay for MF's daily... […]
- MillerCoors gets a thirst for Crispin cider February 6, 2012LONDON (Reuters) - MillerCoors, the second-largest brewer in the United States, has bought the nation's No.3 cider maker Crispin to tap into the drink's rapid growth across America in the second U.S.... […]
- Analysis: Japan's stay-at-home firms finally spread their wings February 6, 2012TOKYO (Reuters) - Japanese companies are again venturing offshore, and this time a new breed of business is striking deals overseas. […]
- Skepticism grows around Medco/Express Scripts deal February 6, 2012WASHINGTON (Reuters) - Objections to Express Scripts' $29 billion plan to buy rival pharmacy benefits manager Medco Health Solutions are accumulating as U.S. antitrust regulators weigh whether they... […]
- Egypt telecom tycoon Naguib Sawiris eyes new horizons February 6, 2012CAIRO (Reuters) - Egyptian telecoms magnate Naguib Sawiris wants to get back on the acquisition trail, eyeing businesses in Europe, the Middle East and Africa after selling a chunk of assets to... […]
- Glencore, Xstrata hammer out premium as deal nears February 6, 2012LONDON/CAPE TOWN (Reuters) - Top executives at Glencore and Xstrata are hammering out the final details of a proposed $80 billion merger, including the premium on offer by the commodities trading... […]
- Brightcove sees IPO priced at $10-$12/share February 6, 2012(Reuters) - Digital media company Brightcove Inc filed with regulators to offer up to 5 million of its shares at an expected price of $10 to $12 apiece. […]
- ISS recommends shareholders back Quadra-KGHM deal February 6, 2012TORONTO (Reuters) - Quadra FNX Mining said on Monday proxy advisory firm Institutional Shareholder Services (ISS) has recommended that Quadra shareholders vote in favor of Polish miner KGHM's C$3... […]
- Vodafone abandons Greek talks with Wind Hellas February 6, 2012LONDON (Reuters) - Vodafone has abandoned plans to merge its operations in Greece with Wind Hellas , in a major blow to the debt-laden smallest operator and throwing into doubt consolidation... […]
- Merger fails, but D.Boerse CEO says allies a must February 5, 2012FRANKFURT (Reuters) - D.Boerse CEO eyes new allies as NYSE deal crumbles Deutsche Boerse does not believe it can survive in the long term without a new partner despite the collapse of its proposed... […]
- MF Global shortfall worsened as bankruptcy neared February 6, 2012
- Reuters: Mergers News
- Deals of the day -- mergers and acquisitions February 6, 2012Feb 6 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Monday. […]
- MillerCoors gets a thirst for US Crispin cider February 6, 2012LONDON, Feb 6 (Reuters) - MillerCoors, the second-largest brewer in the United States, has bought the nation's No.3 cider maker Crispin to tap into the drink's rapid growth across America in the... […]
- U.S. Fed to meet this week on Capital One-ING deal February 6, 2012WASHINGTON, Feb 6 (Reuters) - The Federal Reserve will meet on Wednesday to consider Capital One Financial Corp's controversial bid to acquire ING Groep NV's U.S. online banking unit. […]
- UPDATE 4-Hunter Harrison says CP needs change in culture February 6, 2012* Ackman, Harrison speaking at rare town hall-style meeting […]
- Canada's LNG projects may spark merger boom - analyst February 6, 2012CALGARY, Alberta, Feb 6 (Reuters) - A handful of liquefied natural gas export facilities proposed for Canada's Pacific Coast could spark a round of acquisitions and new joint ventures as the... […]
- UPDATE 1-Quick end to lockout at Rio's Quebec smelter unlikely February 6, 2012* Ramps up restart of full operations at Shawinigan smelter […]
- UPDATE 1-Skepticism grows around Medco/Express Scripts deal February 6, 2012* Medco shares fall 9 percent, Express Scripts off 4.6 pct […]
- UPDATE 4-Fidelity Nat'l adds O'Charley's to restaurant portfolio February 6, 2012Feb 6 (Reuters) - Fidelity National Financial Inc agreed to buy O'Charley's Inc in an all-cash deal that values the casual dining chain at $221 million, marking Fidelity's latest move outside its... […]
- Skepticism grows around Medco/Express Scripts deal February 6, 2012WASHINGTON, Feb 6 (Reuters) - Objections to Express Scripts' $29 billion plan to buy rival pharmacy benefits manager Medco Health Solutions are accumulating as U.S. antitrust regulators weigh whether... […]
- UPDATE 1-Unipol says banks to back cash call, shares up February 6, 2012MILAN, Feb 6 (Reuters) - Italian insurer Unipol said on Monday up to eight banks had expressed readiness to be part of the pool that would guarantee a capital increase needed to finance a planned... […]
- Deals of the day -- mergers and acquisitions February 6, 2012
- Reuters: Technology News
- Verizon, Redbox plan Netflix challenge February 6, 2012(Reuters) - Verizon Communications and Coinstar's Redbox unit have formed a video joint venture to provide services aimed at competing directly against video rental giant Netflix. […]
- As Facebook grows up, it courts Madison Avenue February 6, 2012(Reuters) - About a year ago, when it became clear that taking Facebook Inc public was a matter of when not if, Chief Operating Officer Sheryl Sandberg went out and poached Carolyn Everson, then global advertising head at Microsoft Corp. […]
- Egypt telecom tycoon Naguib Sawiris eyes new horizons February 6, 2012CAIRO (Reuters) - Egyptian telecoms magnate Naguib Sawiris wants to get back on the acquisition trail, eyeing businesses in Europe, the Middle East and Africa after selling a chunk of assets to Russia's Vimpelcom. […]
- Cyberplex unit to pay $4.8 million to Yahoo for poor traffic February 6, 2012(Reuters) - Cyberplex Inc said its debt-laden unit Tsavo Media is required to pay Yahoo Inc $4.8 million for what the U.S. search company called "low quality traffic" from ads on Tsavo-run websites last year. […]
- Internet giants pull content after warning in India courts February 6, 2012NEW DELHI/BANGALORE (Reuters) - Internet giants Google Inc and Facebook removed content from some Indian domain websites on Monday following a court directive warning them of a crackdown "like China" if they did not take steps to protect religious sensibilities. […]
- Finding out what went wrong with failed romance February 6, 2012SAN FRANCISCO (Reuters) - With Valentine's Day just a week away disappointed daters wondering what went wrong with the romance have a new way to discover why the relationship fizzled. […]
- Taiwan smartphone maker HTC sees Q1 revenue lagging February 6, 2012TAIPEI (Reuters) - Taiwan smartphone maker HTC Corp expects to post much lower-than-expected revenue in the first quarter, underscoring analyst views that it will face another weak quarter and an uphill struggle to prove to investors it still retains its innovative touch. […]
- CommVault says will go it alone, despite M&A buzz February 5, 2012NEW YORK (Reuters) - CommVault Systems Inc has managed to skirt rampant consolidation in the fast-growing storage software market, and CEO Bob Hammer is planning to keep it that way. […]
- Olympus ex-CEO Woodford sees more revelations February 5, 2012TOKYO/LONDON (Reuters) - Official investigations into a massive fraud at Japan's Olympus Corp are highly likely to lead to further revelations on the scandal soon, according to the firm's former chief executive, Michael Woodford, who blew the whistle on the affair. […]
- TiVo shares appear to be discounted: report February 5, 2012(Reuters) - TiVo Inc is trading at a compelling discount and could be a possible acquisition target by Microsoft or Google, Barron's financial newspaper reported on Sunday. […]
- Verizon, Redbox plan Netflix challenge February 6, 2012
- Reuters: Private Equity
- UPDATE 3-Dispute between TNT and investor Jana hots up February 6, 2012* TNT's nominations are "more of the same" -PostNL source […]
- RLPC-CVC in $1.41 bln loan for Ahlsell buy February 6, 2012LONDON, Feb 6 (Reuters) - Private equity firm CVC's buyout of Swedish tools and building materials maker Ahlsell is backed by 9.5 billion Swedish crowns ($1.41 billion) of leveraged loans, bankers... […]
- Ex-CN Rail boss Harrison says sees measured CP cuts February 6, 2012Feb 6 (Reuters) - Hunter Harrison, the former railroad boss that an activist investor wants installed as chief executive at Canadian Pacific Railway, said on Monday he would take costs in hand at CP... […]
- As military cuts, Global Aviation files bankruptcy February 6, 2012* Defense spending cuts, too much debt, labor costs blamed […]
- UPDATE 1-ON THE MOVE: MSSB team goes independent, joins Dynasty February 6, 2012Feb 6 (Reuters) - Dynasty Financial, a fast-growing network of financial advisers, has snagged another breakaway practice. […]
- ON THE MOVE: MSSB team goes independent, joins Dynasty February 6, 2012Feb 6 (Reuters) - Dynasty Financial, a fast-growing network of financial advisers, has snagged another breakaway practice. […]
- Abu Dhabi investment firm TNI slashes jobs-sources February 6, 2012ABU DHABI, Feb 6 (Reuters) - Abu Dhabi-based investment firm, The National Investor (TNI), has shed more than half of its workforce and is planning more job cuts in a bid to reduce costs in response... […]
- Ex-BofA banker's fund looks at buying Bank Mutiara February 6, 2012HONG KONG, Feb 6 (Reuters) - A private equity fund launched by a former Bank of America Corp executive, has expressed interest in buying Indonesia's state-owned PT Bank Mutiara Tbk for about $750... […]
- UPDATE 2-TPG raises $635 mln China funds in tough markets February 6, 2012* Aims to raise less from state investors due to tax benefits […]
- UPDATE 1-Sweden's Kinnevik bids to control Metro newspapers February 6, 2012STOCKHOLM, Feb 6 (Reuters) - Swedish investment firm Kinnevik launched a recommended offer on Monday for the half of Metro International SA it doesn't already own in a deal valuing the publisher of... […]
- UPDATE 3-Dispute between TNT and investor Jana hots up February 6, 2012
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