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news aggregatorSeptember 2, 201012:00
Fannie Mae and Freddie Mac's regulator issued rules that will bar the mortgage-finance giants from receiving credit to meet mandates to support housing goals by purchasing mortgage-backed securities.
Source: Business News
Categories: Business
11:42
Fiscal-year net profit at Hong Kong property developer Sino Land climbed 63%, helped by revaluation gains in its investment properties. But both revenue and underlying net profit fell.
Source: Business News
Categories: Business
11:32
Toshiba is recalling 41,000 laptop computers due to concerns they can overheat where the AC adapter plugs in, posing a burn hazard to users.
Source: Business News
Categories: Business
11:27
Russian telecom operator Vimpel Communications said it's in talks to buy Egyptian and Italian telecom assets, as it reported a 52% decline in net profit.
Source: Business News
Categories: Business
11:17
Del Monte's fiscal first-quarter earnings rose 1.4% as the food company saw revenue drop in its consumer segment.
Source: Business News
Categories: Business
10:43
South Korea's Shinhan Financial will remove its president over allegations of breach of trust—news that sent the company's stock tumbling.
Source: Business News
Categories: Business
10:36
AIG's application to list its main pan-Asian life insurer contained a record 11 bookrunners, a further sign that the company is determined to raise as much money as possible.
Source: Business News
Categories: Business
10:31
The U.S. board overseeing company auditors has sent a draft bill to Congress to make its enforcement proceedings public.
Source: Business News
Categories: Business
09:59
The three auto makers on Thursday posted moderate August sales gains in China amid new government incentives for fuel-efficient cars.
Source: Business News
Categories: Business
09:51
Orexigen signed a North American partnership for its experimental obesity drug Contrave with Takeda Pharmaceutical.
Source: Business News
Categories: Business
09:00
Airline company PT Garuda Indonesia has appointed UBS and Citigroup as international underwriters for its initial public offering, scheduled for later this year.
Source: Business News
Categories: Business
08:54
Burger King Holdings agreed to a $3.3 billion leveraged buyout by private-equity firm 3G Capital Management that proposes to reinvigorate the struggling hamburger chain by accelerating its international expansion.
Source: Business News
Categories: Business
08:41
The go-ahead for 74 of 76 projects at Map Ta Phut industrial park, suspended over environmental and health concerns last year, follows cabinet action Tuesday.
Source: Business News
Categories: Business
08:37
Toronto-Dominion Bank's third-quarter earnings rose 29% from a year earlier, aided by strong retail results in both Canada and the U.S. and lower loan-loss provisions, but nonetheless just missed analyst expectations.
Source: Business News
Categories: Business
08:29
It wasn't the biggest bidding war the tech world has ever seen, but the battle between titans H-P and Dell for a humble maker of data-storage systems certainly qualified as one of the wildest ever.
Source: Business News
Categories: Business
08:25
Google and AOL agreed to extend their search partnership for five years and expanded their pact into mobile search and online video.
Source: Business News
Categories: Business
08:10
Cairn Energy said it has restarted operations on the oil drilling rig it has under contract offshore Greenland following the end of a protest by Greenpeace.
Source: Business News
Categories: Business
07:54
Retailers delivered a late-summer surprise, with sales for the key back-to-school shopping month coming in better than expected. Same-store sales at chains like Costco, Macy's and Nordstrom beat expectations.
Source: Business News
Categories: Business
07:39
Russia's VTB Group returned to profit, benefiting from higher margins and increased demand for consumer loans fuelled by the country's economic recovery.
Source: Business News
Categories: Business
07:24
Avis Budget Group increased the cash portion of its offer for Dollar Thrifty to $40.75 a share, as it battles Hertz for the potential buyout.
Source: Business News
Categories: Business
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