Lehman Brothers examiner releases report
Published Friday, March 12, 2010
The court-appointed examiner who investigated the collapse of U.S. investment bank Lehman Brothers Holding Co made his report public after a judge ruled he could do so on Thursday. Read More |
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S&P 500 hits 17-month high as banks lift Wall St
Published Friday, March 12, 2010
The S&P 500 hit a 17-month closing high as rising bank shares led a late rally that lifted stocks on Thursday, more than offsetting worries China may move to cool its overheating economy. Read More |
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BP to pay Devon $7 bln for fields
Published Friday, March 12, 2010
BP will pay $7 billion to Devon Energy for assets that will extend its reach into Brazil and bulk up its position in the Gulf of Mexico, as the world's top oil companies look to acquisitions to refill depleting reserves. Read More |
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Air China plans $950 million share sale
Published Friday, March 12, 2010
Air China, the world's most valuable airline in terms of market cap, said it will raise about 6.5 billion yuan ($952 million) via an issue of new shares, becoming the second Chinese carrier to announce fundraising plans this week. Read More |
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Dollar, global stocks slip on China CPI scare
Published Friday, March 12, 2010
Global stocks and the U.S. dollar slid on Thursday after a spike in Chinese inflation sparked concerns that interest rates in China and elsewhere may head higher sooner than later and crimp economic recovery. Read More |
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Best Buy bets on 3D TV, but no quick payoffs seen
Published Thursday, March 11, 2010
While James Cameron's 3D sci-fi epic "Avatar" took the box office by storm instantly, the road to success will be much longer for Best Buy Co Inc, which is making a big bet on 3D televisions this year.
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Terra says CF's buyout bid is superior to Yara's
Published Thursday, March 11, 2010
Fertilizer producer Terra Industries Inc (TRA.N) said on Wednesday it plans to accept a "superior" $4.68-billion takeover bid from rival CF Industries Holdings Inc (CF.N) unless Yara International (YAR.OL) boosts its competing offer. Read More |
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Barclays seen on lookout for U.S. bank deal
Published Thursday, March 11, 2010
Barclays (BARC.L) is on the lookout to buy a retail bank in the United States, according to reports, to build on its successful investment bank build-up there and create a buffer against regulatory reform.
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BP bidding on a package of Devon's assets: sources
Published Thursday, March 11, 2010
BP Plc (BP.L) is bidding on a package of Devon Energy Inc (DVN.N) assets that the U.S. energy company put up for sale late last year, according to sources familiar with the matter.
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Barclays looking for U.S. retail bank to buy: report
Published Wednesday, March 10, 2010
British bank Barclays Plc is looking to buy a retail bank in the United States to extend its presence after buying Lehman Brothers North American operations in 2008, the Wall Street Journal reported on Tuesday, citing people close to the matter. Read More |
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MGM expected to draw six bids by March 19
Published Wednesday, March 10, 2010
Six companies are expected to make binding offers for storied Hollywood studio Metro-Goldwyn-Mayer by a newly set March 19 deadline, a source familiar with the situation said on Tuesday. Read More |
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