news aggregator

March 11, 2010

08:08
The U.S. government earned $11.15 million from its sale of warrants tied to New York-based Signature Bank, granted as part of its $700 billion market-rescue program.
Categories: Business
07:07
Smithfield Foods posted its first quarterly profit in more than a year as losses narrowed sharply at its hog operations.
Categories: Business
06:30
Thanachart Bank will buy a 47.58% stake in Siam City Bank in a deal worth $2.08 billion, making it Thailand's second-largest deal in the financial sector.
Categories: Business
06:04
BMW reported a 36% slump in 2009 net profit in a year that saw a steep downturn for luxury car makers, but said it is cautiously optimistic for 2010.
Categories: Business
05:51
Bank of China's chairman said he wants to grow aggressively overseas but isn't interested in acquisitions, a sign that China's banks remain wary of investing in foreign financial institutions.
Categories: Business
04:43
Taiwan's government said it is planning to decide on whether it will approve a Hong Kong consortium's long-awaited bid to buy AIG's Taiwan unit by the end of June.
Categories: Business
04:16
Supermarket operator Delhaize posted a 10.1% drop in fourth-quarter net profit, but said it expects its 2010 operating profit to grow between 7% to 10%.
Categories: Business
04:10
Skype's CEO called the U.A.E.'s block on its service "short-sighted" for a country built as a trade and immigration hub, but said his company is open to discussions with the government.
Categories: Business
04:10
Motorola said it entered a deal with Microsoft under which the U.S. software maker will provide search capabilities on Motorola's new smart phones, with the new offering to be launched in China in the current quarter.
Categories: Business
03:55
The International Air Transport Association predicted a two-speed global upturn, with Asia and Latin America outperforming Europe and North America.
Categories: Business
03:48
Mitsubishi Motors is unlikely to accept an opportunity to increase its stake in one of its joint ventures in China because the auto maker wants to preserve cash.
Categories: Business
03:40
HSBC's Swiss private bank issued a public apology to its clients for the theft of 15,000 sets of client data, allegedly by a former employee who had access to client names.
Categories: Business
03:17
The German flagship airline expects operating profit and revenue to rise in 2010, but said risks remain that could jeopardize an improvement of its business performance.
Categories: Business
02:27
The British oil giant agreed to acquire a big swath of oil assets from Devon Energy for $7 billion, in a deal that will vault BP into the hot new oil region off the shores of Brazil.
Categories: Business

March 10, 2010

23:15
The Wall Street financier and former auto czar is in settlement talks to resolve his role in the "pay to play" investigation at the New York state pension fund.
Categories: Business
22:42
Two senior bankers at Nomura have resigned, following the expiry earlier this month of a two-year guaranteed bonus period.
Categories: Business
22:29
Sony provided new details of a forthcoming motion controller for its PlayStation 3 videogame console, another entry in a field pioneered by Nintendo.
Categories: Business
21:02
New York's former deputy comptroller and chief investment officer pleaded guilty to a criminal charge that he and others essentially sold access to the state's largest pension fund.
Categories: Business
20:28
The U.S. Treasury Department has no clear plan to exit its investment in in the financial-services company, raising the specter of billions in potential losses, a congressional watchdog said in a report.
Categories: Business
19:45
U.S. dairy farmers are pleading for protection from their counterparts in New Zealand as President Obama's trade negotiators begin talks on a regional agreement in Australia next week.
Categories: Business