Business

March 10, 2010

12:39
Psychiatric Solutions, a for-profit operator of mental-health hospitals and clinics, is in talks to be acquired by Bain Capital.
Categories: Business
12:27
Teen and young adult clothing retailer American Eagle Outfitters reported earnings surged 81% on higher sales and margin gains due to less discounting.
Categories: Business
11:16
The FDA said a study looking at Medtronic's "deep-brain stimulation" system in epilepsy patients failed to meet a study goal looking at a reduction in the seizure rate over a three-month period.
Categories: Business
10:08
Eric Schmidt said his company expects to soon conclude talks with the Chinese government over the fate of its search engine and business in China.
Categories: Business
10:02
The first U.S. IPO to price within its expected range in two months has been basically flat in early trading.
Categories: Business
09:28
The U.S. government sold its warrants to purchase shares of Washington Federal stock for $15.4 million, the Treasury said.
Categories: Business
09:11
Citigroup plans to roughly double the size of its private banker force in North America over the next several years.
Categories: Business
08:22
Beleaguered music company EMI said the chief executive of its recorded-music division, Elio Leoni-Sceti, is leaving the firm after less than two years.
Categories: Business
07:32
Madonna entered a joint venture with Iconix Brand Group to use the entertainer's name and personality in connection with apparel, footwear and other products.
Categories: Business
06:50
The Anglo-Dutch oil major said it is no longer selling gasoline to Iran, the latest company to make such a move during threats of tougher sanctions against the Islamic republic.
Categories: Business
06:47
China Mobile said it agreed to buy a 20% stake in Shanghai Pudong Development Bank for $5.83 billion as the mobile operator seeks to expand into mobile payment services.
Categories: Business
06:36
Northern Rock, the mortgage lender nationalized by the U.K. government after its near-collapse, said its net loss narrowed in 2009, while its government loan rose sharply.
Categories: Business
05:41
Financial investors in Daewoo Engineering unanimously accepted a revised offer from a private equity fund for their stake in the builder, paving the way for its restructuring.
Categories: Business
04:04
China's Cnooc and French oil major Total are each expected to acquire a third of Tullow Oil's oil assets in Uganda.
Categories: Business
04:01
Carrier swung to a $604.4 million profit in 2009, lifted by fuel hedging gains and a stake sale.
Categories: Business
04:00
The German utility said net profit soared last year, mainly due to disposal gains and revaluation of energy derivatives, and reiterated that it expects earnings to rise.
Categories: Business
02:57
Munich Re said fourth-quarter net profit surged due to lower claims for natural disasters, an improved investment result and higher premium income.
Categories: Business
02:35
Billions of dollars in corporate bonds sold to retail investors come with an unusual provision that could be used to generate a fast profit. There's just one catch: Investors must team up to buy the bonds with someone who is about to die.
Categories: Business

March 9, 2010

21:39
The chief of the Anglo Australian miner, whose employees are awaiting trial on commercial spying charges in China, is scheduled to visit Beijing to attend a conference that usually attracts top Chinese officials.
Categories: Business
20:58
A $1.3 billion loan offering from International Lease Finance Corp. has met with strong investor demand, which will enable the aircraft-leasing unit of AIG raise fresh funds to repay some of its maturing debt.
Categories: Business