Live Financial And Business News By SaneBull
Stocks
(most talked about stocks of the last 24 hours)
Top Stories
(most popular stories in the last 24 hours)
2009/07/04 - 03:03PM EST
TEHRAN (Reuters) - Several leading reformists detained after last month's disputed presidential election have been accused of acting against national security, a Iranian lawyer said Saturday.
2009/07/04 - 02:39PM EST
KABUL (Reuters) - Afghanistan's only known pig trotted out of quarantine on Saturday, two months after he was locked away because of swine flu fears, to bask again in the mud at the Kabul Zoo.
2009/07/04 - 02:34PM EST
NAYPYIDAW, Myanmar (Reuters) - U.N. Secretary-General Ban Ki-moon said on Saturday his request to meet detained Myanmar opposition leader Aung San Suu Kyi had been denied by the ruling junta's top general Than Shwe.
2009/07/04 - 02:14PM EST
KIRKUK, Iraq (Reuters) - Iraqi army forces arrested a man on Saturday suspected of being behind two vehicle bombs in the northern city of Kirkuk that killed more than 100 people, an Iraqi army official said.
2009/07/04 - 02:14PM EST
(Reuters) - Following are security developments in Iraq at 1:30 p.m. British time (1230 GMT) on Saturday.
2009/07/04 - 12:58PM EST
(Reuters) - Two U.S. soldiers were killed in a complex attack on a base in southeast Afghanistan that ended with air strikes Saturday, the U.S. military said, two days after a major operation against the Taliban was launched in the south.
2009/07/04 - 12:05PM EST
(Reuters) - Following are security developments in Afghanistan at 7:30 a.m. EDT (1130 GMT) on Saturday.
2009/07/04 - 12:05PM EST
KALLAY, Pakistan (Reuters) - Pakistani helicopter gunships attacked Taliban militants on Saturday in a northwestern region where a military helicopter crashed the previous day killing 26 soldiers on board, a government official said.
2009/07/04 - 11:42AM EST
TEHRAN (Reuters) - A senior pro-reform cleric said many Iranians remained unconvinced about President Mahmoud Ahmadinejad's re-election because of voting "ambiguities" and the government could face problems, an Internet statement said.
2009/07/04 - 10:01AM EST
SEOUL (Reuters) - North Korea fired seven ballistic missiles on Saturday, South Korea's defense ministry said, in an act of defiance against the United States as Washington cracks down on the secretive state's weapons proliferation.
All Stories
(news stories from the last 24 hours)
Market News
2009/07/04 - 01:47PM EST
MGA.TO
FRANKFURT, July 4 (Reuters) - General Motors EuropePresident Carl-Peter Forster expects to sell German unit Opel toCanadian auto parts supplier Magna soon, he told aGerman newspaper.
2009/07/04 - 01:19PM EST
CX
* Says energy costs still down yr/yr despite oil rebound
2009/07/04 - 01:12PM EST
BERLIN, July 4 (Reuters) - German Chancellor Angela Merkelwill promote the consolidation of public finances at next week'sGroup of Eight Summit, according to German weekly "Tagesspiegelam Sonntag".
2009/07/04 - 12:01PM EST
UBS
* ZKB, Mirabaud dropping clients who pay US taxes, NZZ says
2009/07/04 - 10:11AM EST
WARSAW, July 4 (Reuters) - Poland's troubled insulin maker,Bioton , said on Saturday it had clinched a deal withU.S. investment fund GEM Global Yield Fund on financing worth asmuch as 363 million zlotys ($117 million)."The agreement guarantees Bioton financing at the level of200 million zlotys over three years starting with the signatureof the deal," Bioton said in a statement.
2009/07/04 - 04:42AM EST
NEW DELHI, July 4 (Reuters) - India has allowed the exportof 900,000 tonnes of wheat by state-run firms and 650,000tonnes of wheat products by private trade as monsoon rainsrevived after a dry spell.
2009/07/04 - 03:59AM EST
TOKYO, July 4 (Reuters) --Toyota Motor Corp plansto start mass producing plug-in hybrid vehicles in 2012, with aprojected first-year output of about 20,000 to 30,000 units,the Nikkei business daily reported on Saturday.
2009/07/04 - 03:52AM EST
July 3 (Reuters) - Alaska Governor Sarah Palin said onFriday she will resign this month and will not run forre-election as governor amid speculation that she will seek theRepublican party's nomination for president in 2012.[ID:nN03165564]
2009/07/04 - 03:43AM EST
(For factbox on Republicans seen as potential candidates fortheir party's nomination in 2012, click on [ID:nN03184162]
2009/07/04 - 03:28AM EST
* Memorial service, cost shrouded in mystery (Recasts lead with number of applicants; adds URL anddeadline details; adds that event will be streamed online)
Business News
2009/07/04 - 02:46PM EST
FRANKFURT (Reuters) - Three more bidders are interested in taking a stake in German sports car maker Porsche, rivaling investment plans by Qatar, German magazine Focus reported on Saturday.
2009/07/04 - 01:59PM EST
MGA.TO
FRANKFURT (Reuters) - General Motors Europe President Carl-Peter Forster expects to sell German unit Opel to Canadian auto parts supplier Magna soon, he told a German newspaper.
2009/07/04 - 04:01AM EST
BEIJING (Reuters) - Wall Street may be down on its luck, but China's growing business hub, Shanghai, plans to install its own version of the Street's famed charging bull statue, casting in metal its hopes to eventually rival New York.
2009/07/04 - 03:38AM EST
AIG
TAIPEI (Reuters) - About 10 global and Taiwan financial firms have submitted bids to buy troubled AIG's Taiwanese insurance unit, newspapers said on Saturday, in a deal that could fetch up to over $2 billion.
2009/07/03 - 09:29PM EST
MS TCK BX TCKB.TO
TORONTO (Reuters) - Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.
2009/07/03 - 08:48PM EST
WSH
NEW YORK (Reuters) - Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd , contending it was a willing participant in a $7 billion fraud at the Texas-based investment company.
2009/07/03 - 06:18PM EST
(Reuters) - The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.
2009/07/03 - 06:18PM EST
TOKYO (Reuters) - Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official said on Friday.
2009/07/03 - 05:42PM EST
LONDON (Reuters) - Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone.
2009/07/03 - 05:17PM EST
NEW YORK/VIENNA (Reuters) - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.
Economic News
2009/07/03 - 10:01PM EST
BOGOTA, July 3 (Reuters) - Colombia posted a trade deficitof $106.4 million in April versus a surplus of $183 million inthe same month last year, the government said on Friday.
2009/07/03 - 08:15PM EST
LIMA, July 3 (Reuters) - Peru's prime minister said onFriday he planned to step down next week following heavycriticism of the government's handling of violent Amazonprotests in which at least 34 people died last month.
2009/07/03 - 02:16PM EST
* US job cuts dampen recovery hopes, dent stock markets
2009/07/03 - 09:40AM EST
(For more stories on the Japanese economy, click [ID:nECONJP])
2009/07/03 - 05:00AM EST
For German corporate events diary click on [WEU/EQUITY]
2009/07/03 - 05:00AM EST
For Today in Germany diary double-click on [DE/DIARY]
2009/07/03 - 05:00AM EST
======================================================
2009/07/02 - 09:30PM EST
F
* Ford Canada CEO expects overall market rebound in Q4 (Adds details, background)
2009/07/02 - 08:35PM EST
SINGAPORE - Global Interdependence Center holds "Food andWater: Basic Challenges to International Stability" conference.Participants include Federal Reserve Bank of PhiladelphiaPresident Charles Plosser. Agenda, other details TBA. Contact:215 898 9453 or jfornito@interdependence.org.Information/online registration:http://www.interdependence.org/Event-11-12-09.php-------------------------------------------------------------
2009/07/02 - 08:30PM EST
NEW YORK, July 2 (Reuters) - U.S. M-2 money supply rose by$300 million in the June 22 week to $8,369.2 billion, theFederal Reserve said on Thursday.
Banking News
2008/12/18 - 08:01PM EST
ZURICH (Reuters) - Swiss Re said insured losses soared to$50 billion for the industry in 2008, making it the secondcostliest year ever.
2008/12/18 - 08:01PM EST
LONDON (Reuters) - HSBC Holdings sharesfell over 5 percent on Thursday to extend a 6-day retreat to 16percent as concern mounted it could raise capital or cut itsdividend to keep its balance sheet advantage.
2008/12/18 - 08:01PM EST
ALL AIG
NEW YORK (Reuters) - American International Group Inc Chief Executive Edward Liddy has asked for more timebefore meeting with U.S. Rep. Elijah Cummings, who has beencritical of the insurer and management in recent weeks.
2008/12/18 - 08:01PM EST
BRUSSELS (Reuters) - Spanish banking group Santander won permission from EU competition authorities onThursday to acquire assets including deposits and branches ofBritish mortgage lender Bradford & Bingley .
2008/12/18 - 08:01PM EST
* Technical performance should see further improvements
2008/12/18 - 08:00PM EST
* Private equity Hellman & Friedman pays off loan withstake
2008/12/18 - 08:00PM EST
BRUSSELS (Reuters) - The European Commission on Thursdayapproved Belgium's emergency 3.5 billion euro ($5 billion)recapitalisation of KBC , aimed at helping the bankingand insurance group through the financial crisis.
2008/12/18 - 08:00PM EST
AXP JPM MA BAC C DFS V
WASHINGTON (Reuters) - Rules aimed at preventing creditcard holders from being hit by unfair and deceptive practicessuch as surprise fees and interest-rate hikes were approved onThursday by a U.S. banking regulator.
2008/12/18 - 08:00PM EST
NEW YORK (Reuters) - The Federal Reserve bought $2.4billion of Fannie Mae , Freddie Mac and FederalHome Loan Banks debt in permanent coupon purchases on Thursdayin an ongoing effort to lower mortgage rates.
2008/12/18 - 08:00PM EST
C
NEW YORK (Reuters) - Citigroup Inc has boosted itslending after receiving government money and has set up acommittee of senior executives to make sure it is using thosefunds properly, according to an internal memo obtained byReuters.
After The Bell
2008/10/29 - 09:04PM EST
NEW YORK, Oct 29 (Reuters) - Staples Inc stock
2008/10/29 - 08:51PM EST
slid 10.6 percent to $37.50 in after-hours trading
2008/10/29 - 08:34PM EST
HIG
NEW YORK, Oct 29 (Reuters) - Shares of Hartford Financial
2008/10/23 - 08:45PM EST
(Corrects in first paragraph to show shares fell instead ofrose)
2008/10/23 - 08:28PM EST
NEW YORK, Oct 23 (Reuters) - Shares of FlextronicsInternational Ltd jumped 5 percent to $3.93 inafter-hours trading on Thursday after the contract electronicsmanufacturer posted second-quarter results.
2008/10/23 - 08:20PM EST
NEW YORK, Oct 23 (Reuters) - Shares of Microsoft Corp rose 5.3 percent to $23.50 in extended trade onThursday after the software maker's quarterly earnings beat theaverage Wall Street estimate. For details see [ID:nWNAB1062]
2008/10/23 - 08:15PM EST
NEW YORK, Oct 23 (Reuters) - Shares of Juniper Networks Inc rose 2.4 percent after the company postedthird-quarter results and expressed cautious optimism aboutnear-term opportunities.
2008/10/22 - 08:23PM EST
ALL
NEW YORK, Oct 22 (Reuters) - Shares of Allstate Corp fell 7.1 percent to $26.23 in extended trade onWednesday after the insurer reported its quarterly results. Fordetails, see [ID:nWNAB0122]
2008/10/22 - 08:17PM EST
NEW YORK, Oct 22 (Reuters) - Shares of Amazon.com fell 13.4 percent in extended trading on Wednesday after theonline retailer's fourth-quarter revenue expectations fellshort of analyst expectations.
2008/10/21 - 09:17PM EST
NEW YORK, Oct 21 (Reuters) - Shares of iPhone-maker Apple rose 2.7 percent in after-hours trading on Tuesday,after reporting quarterly results.
Before The Bell
2008/10/29 - 01:03PM EST
GM
NEW YORK, Oct 29 (Reuters) - Shares of General Motors Corp
2008/10/29 - 12:13PM EST
KFT
NEW YORK, Oct 29 (Reuters) - Kraft Foods Inc rose
2008/10/29 - 11:34AM EST
GLW
NEW YORK, Oct 29 (Reuters) - Shares of Corning Inc
2008/10/28 - 01:19PM EST
TGT
NEW YORK, Oct 28 (Reuters) - Shares of Target rose
2008/10/28 - 12:41PM EST
X
NEW YORK, Oct 28 (Reuters) - Shares of US Steel Corp
2008/10/28 - 12:22PM EST
jumped more than 4 percent to $16.77 before the bell
2008/10/28 - 12:10PM EST
BA
NEW YORK, Oct 28 (Reuters) - Boeing shares rose 6.5
2008/10/28 - 12:00PM EST
Google Inc rose about 3 percent to $338.50 before the
2008/10/27 - 12:21PM EST
CVX COP XOM
Shares of Exxon Mobil Corp fell 3.2 percent to
2008/10/24 - 01:29PM EST
C NCC
tumbled 31.6 percent to $1.88 before the opening bell
Funds News
2009/07/04 - 10:11AM EST
WARSAW, July 4 (Reuters) - Poland's troubled insulin maker,Bioton , said on Saturday it had clinched a deal withU.S. investment fund GEM Global Yield Fund on financing worth asmuch as 363 million zlotys ($117 million)."The agreement guarantees Bioton financing at the level of200 million zlotys over three years starting with the signatureof the deal," Bioton said in a statement.
2009/07/03 - 08:04PM EST
J
July 3 (Reuters) - The following bids, mergers,acquisitions and disposals involving European, U.S. and Asiancompanies were reported by 2000 GMT on Friday.
2009/07/03 - 02:59PM EST
AXC.TO
MADRID, July 3 (Reuters) - State-run China NationalPetroleum Corp (CNPC) is among bidders looking to buy theArgentinian unit of Spanish oil major Repsol , newsagency Bloomberg quoted a Chinese government official as saying.
2009/07/03 - 12:15PM EST
MS
LONDON, July 3 (Reuters) - Morgan Stanley has hikedits 2009 and 2010 copper price forecasts, partly because of astrong recovery in China, the world's largest consumer of themetal used in power and constrution.
2009/07/03 - 12:10PM EST
ICE MS
LONDON, July 3 (Reuters) - PVM Oil Futures Limited said onFriday Steve Perkins, a senior broker based at the firm's Londonoffice, was responsible for unauthorised trades earlier thisweek which landed the firm with a loss of nearly $10 million.
2009/07/03 - 12:00PM EST
C AIG
HONG KONG/TAIPEI, July 3 (Reuters) - Global investorsCarlyle [CYL.UL] and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as thetroubled U.S. insurer looks to divest some of its global assets.
2009/07/03 - 10:59AM EST
C AIG
HONG KONG/TAIPEI, July 3 (Reuters) - Global investors Carlyle[CYL.UL] and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as the troubledU.S. insurer aims to get rid of some of its global assets.
2009/07/03 - 10:31AM EST
* Fund ABP interested in buying Jackson's Beatles collection
2009/07/03 - 05:04AM EST
GS AXP
BEIJING, July 3 (Reuters) - China's state asset watchdog isencouraging China Mobile , the world's biggest mobilephone carrier by users, to buy shares in the country's biggestcommercial bank ICBC , state media reported on Friday.
2009/07/03 - 04:02AM EST
WASHINGTON, July 2 (Reuters) - U.S. bank regulators closedseven institutions on Thursday, including six banks in Illinoiscontrolled by one family and a small bank in Dallas, bringingthe total number of U.S. bank failures to 52 so far this year.
Private Equity
2009/07/04 - 03:11AM EST
AIG
* Cathay, Chinatrust, Fubon, Ruentex among Taiwan bidders
2009/07/03 - 04:01PM EST
LONDON, July 3 (Reuters) - Debt-troubled UK heating productsmaker Baxi [BCPRTG.UL] said on Friday it had agreed to mergewith Dutch rival De Dietrich Remeha to boost its capitalposition and create one of Europe's biggest heating productscompanies.
2009/07/03 - 03:41PM EST
GE
BRUSSELS, July 3 (Reuters) - The following are plannedmergers under review by the European Commission and a briefguide to the EU merger process:
2009/07/03 - 12:00PM EST
C AIG
HONG KONG/TAIPEI, July 3 (Reuters) - Global investorsCarlyle [CYL.UL] and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as thetroubled U.S. insurer looks to divest some of its global assets.
2009/07/03 - 11:52AM EST
GLG
- Caught short. Short-sellers can make losses as well as bigprofits.
2009/07/03 - 10:59AM EST
C AIG
HONG KONG/TAIPEI, July 3 (Reuters) - Global investors Carlyle[CYL.UL] and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as the troubledU.S. insurer aims to get rid of some of its global assets.
2009/07/02 - 10:48PM EST
(Adds background on industry, comments in paragraphs 7-14)
2009/07/02 - 09:30PM EST
F
* Ford Canada CEO expects overall market rebound in Q4 (Adds details, background)
2009/07/02 - 08:14PM EST
CPC RST
* Streak of successful IPOs raises hopes for rest of year
2009/07/02 - 07:15PM EST
BX
* Proposal calls for high capital levels, 3-yr commitment (Recasts, adds reaction)
Bonds News
2009/07/04 - 01:47PM EST
MGA.TO
FRANKFURT, July 4 (Reuters) - General Motors EuropePresident Carl-Peter Forster expects to sell German unit Opel toCanadian auto parts supplier Magna soon, he told aGerman newspaper.
2009/07/04 - 01:19PM EST
CX
* Says energy costs still down yr/yr despite oil rebound
2009/07/04 - 01:12PM EST
BERLIN, July 4 (Reuters) - German Chancellor Angela Merkelwill promote the consolidation of public finances at next week'sGroup of Eight Summit, according to German weekly "Tagesspiegelam Sonntag".
2009/07/04 - 10:11AM EST
WARSAW, July 4 (Reuters) - Poland's troubled insulin maker,Bioton , said on Saturday it had clinched a deal withU.S. investment fund GEM Global Yield Fund on financing worth asmuch as 363 million zlotys ($117 million)."The agreement guarantees Bioton financing at the level of200 million zlotys over three years starting with the signatureof the deal," Bioton said in a statement.
2009/07/04 - 03:52AM EST
July 3 (Reuters) - Alaska Governor Sarah Palin said onFriday she will resign this month and will not run forre-election as governor amid speculation that she will seek theRepublican party's nomination for president in 2012.[ID:nN03165564]
2009/07/04 - 03:43AM EST
(For factbox on Republicans seen as potential candidates fortheir party's nomination in 2012, click on [ID:nN03184162]
2009/07/04 - 03:28AM EST
* Memorial service, cost shrouded in mystery (Recasts lead with number of applicants; adds URL anddeadline details; adds that event will be streamed online)
2009/07/03 - 11:28PM EST
(For factbox on Republicans seen as potential candidates fortheir party's nomination in 2012, click on [ID:nN03184162]
2009/07/03 - 10:33PM EST
VINA DEL MAR, Chile, July 3 (Reuters) - Finance ministersfrom the Americas and multilateral lenders sought to shore upresponses to the global economic crisis on Friday and pave theway for a vigorous recovery.
2009/07/03 - 10:09PM EST
* Memorial service, cost shrouded in mystery (Updates throughout with quotes, police staffing)
New Issues News
2009/07/04 - 01:47PM EST
MGA.TO
FRANKFURT, July 4 (Reuters) - General Motors EuropePresident Carl-Peter Forster expects to sell German unit Opel toCanadian auto parts supplier Magna soon, he told aGerman newspaper.
2009/07/03 - 12:00PM EST
MS GS
HONG KONG, July 3 (Reuters) - Wilmar International, the world's largest listed palm oil company, hashired three banks to handle what sources say could be a $3billion flotation of its China business.
2009/07/03 - 11:17AM EST
MS GS
HONG KONG, July 3 (Reuters) - Wilmar International, the world's largest listed palm oil company, hashired three banks to handle what sources say could be a $3billion listing of its China business.
2009/07/02 - 08:14PM EST
CPC RST
* Streak of successful IPOs raises hopes for rest of year
2009/07/02 - 09:52AM EST
JPM
HONG KONG, July 2 (Reuters) - The Chinese government hashired three banks to handle the public listing of a railwayholding company, a source familiar with the matter said onThursday, in an IPO that could be worth around $5 billion.
2009/07/02 - 03:17AM EST
GM
NEW YORK, July 1 (Reuters) - GMAC said on Wednesday that ithas converted to a corporation from a limited liabilitycompany, a move that could allow the auto and mortgage lenderto sell shares to the public.
2009/07/01 - 10:27PM EST
LONDON, July 1 (Reuters) - Bondholders in British insurerPearl Group said on Wednesday they would not back a proposedre-listing of the group because of concerns over treatment ofthe bonds.
2009/07/01 - 09:03PM EST
RST
* LogMeIn becomes 10th IPO of 11 with first-day pop (Updates with closing stock price, 1st-day performance)
2009/07/01 - 08:00PM EST
RST BAC GS
(Refiles to restore dropped word "are," paragraph 3) (For more Reuters DEALTALKS, click [DEALTALK/])
2009/07/01 - 07:12AM EST
ALMATY, July 1 (Reuters) - Kazakh oil producer Zhaikmunai said on Wednesday it was in talks with lenders aboutpossible waivers on its debt covenants after "various events ofdefault" led to a $100 million credit line being cut off.
Forex News
2009/07/04 - 01:19PM EST
CX
* Says energy costs still down yr/yr despite oil rebound
2009/07/04 - 03:59AM EST
TOKYO, July 4 (Reuters) --Toyota Motor Corp plansto start mass producing plug-in hybrid vehicles in 2012, with aprojected first-year output of about 20,000 to 30,000 units,the Nikkei business daily reported on Saturday.
2009/07/04 - 03:00AM EST
Broadcaster Sir David Frost and the manager of Englishfootball team Manchester United, Sir Alex Ferguson, are set tojoin forces in a 1 billion pound ($1.64 billion) propertyventure. Their investment company, aAim Capital Finance, isbacked by Middle Eastern investors to snap up real estate atbargain prices. "I continue to be confident in a recovery on thereal estate front and am sure that the aAim people will flourishagain with their knowledge and adaptability to changingsituations," sai
2009/07/04 - 02:53AM EST
A number of expensive rail franchises due for increasedgovernment aid could result in a further 400 million poundburden on the taxpayer. So-called "cap and collar" arrangementsfor major rail contracts that are honoured after approximatelyfour years mean that the Department for Transport must cover themajority of any revenue shortfalls. With the recession making asignificant dent on rail profits, there is already speculationthat the government may be forced to cover as much as 80 percent
2009/07/03 - 09:29PM EST
MS TCK BX TCKB.TO
TORONTO (Reuters) - Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.
2009/07/03 - 08:29PM EST
CX
* Cemex disputes decision, considering court action (Adds analyst comment, debt details, share price)
2009/07/03 - 06:34PM EST
* Budget revision and EU impasse seen as key challenges
2009/07/03 - 06:18PM EST
(Reuters) - The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.
2009/07/03 - 05:25PM EST
* Forecasts higher jobless rates in Canada, U.S. (Adds context, remarks on regulation, paragraphs 2-3, 14-15)
2009/07/03 - 03:41PM EST
GE
BRUSSELS, July 3 (Reuters) - The following are plannedmergers under review by the European Commission and a briefguide to the EU merger process:
ETF News
2009/07/04 - 10:11AM EST
WARSAW, July 4 (Reuters) - Poland's troubled insulin maker,Bioton , said on Saturday it had clinched a deal withU.S. investment fund GEM Global Yield Fund on financing worth asmuch as 363 million zlotys ($117 million)."The agreement guarantees Bioton financing at the level of200 million zlotys over three years starting with the signatureof the deal," Bioton said in a statement.
2009/07/03 - 08:04PM EST
J
July 3 (Reuters) - The following bids, mergers,acquisitions and disposals involving European, U.S. and Asiancompanies were reported by 2000 GMT on Friday.
2009/07/03 - 02:59PM EST
AXC.TO
MADRID, July 3 (Reuters) - State-run China NationalPetroleum Corp (CNPC) is among bidders looking to buy theArgentinian unit of Spanish oil major Repsol , newsagency Bloomberg quoted a Chinese government official as saying.
2009/07/03 - 12:15PM EST
MS
LONDON, July 3 (Reuters) - Morgan Stanley has hikedits 2009 and 2010 copper price forecasts, partly because of astrong recovery in China, the world's largest consumer of themetal used in power and constrution.
2009/07/03 - 12:10PM EST
ICE MS
LONDON, July 3 (Reuters) - PVM Oil Futures Limited said onFriday Steve Perkins, a senior broker based at the firm's Londonoffice, was responsible for unauthorised trades earlier thisweek which landed the firm with a loss of nearly $10 million.
2009/07/03 - 12:00PM EST
C AIG
HONG KONG/TAIPEI, July 3 (Reuters) - Global investorsCarlyle [CYL.UL] and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as thetroubled U.S. insurer looks to divest some of its global assets.
2009/07/03 - 10:59AM EST
C AIG
HONG KONG/TAIPEI, July 3 (Reuters) - Global investors Carlyle[CYL.UL] and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as the troubledU.S. insurer aims to get rid of some of its global assets.
2009/07/03 - 10:31AM EST
* Fund ABP interested in buying Jackson's Beatles collection
2009/07/03 - 05:04AM EST
GS AXP
BEIJING, July 3 (Reuters) - China's state asset watchdog isencouraging China Mobile , the world's biggest mobilephone carrier by users, to buy shares in the country's biggestcommercial bank ICBC , state media reported on Friday.
2009/07/03 - 04:02AM EST
WASHINGTON, July 2 (Reuters) - U.S. bank regulators closedseven institutions on Thursday, including six banks in Illinoiscontrolled by one family and a small bank in Dallas, bringingthe total number of U.S. bank failures to 52 so far this year.
Financial Services and Real Estate
2009/07/04 - 12:01PM EST
UBS
* ZKB, Mirabaud dropping clients who pay US taxes, NZZ says
2009/07/04 - 11:50AM EST
DUBAI, July 4 (Reuters) - Dubai's Emaar Properties has closed its office in Algeria due to a lack ofprogress on its projects in the North African country, thecompany said on Saturday.
2009/07/04 - 09:52AM EST
BRUSSELS, July 4 (Reuters) - Disgruntled clients are set toserve Belgian bank KBC with papers saying it didn'tproperly warn of risks involved with collateralised debtobligations (CDOs,) Belgian newspaper De Tijd said on Saturday.
2009/07/04 - 05:47AM EST
BEIJING, July 4 (Reuters) - China's largest foreignexchange bank, the Bank of China , hasreached a yuan trade settlement agreement with HSBC bank in Hong Kong, taking advantage of newrules allowing such deals.
2009/07/03 - 04:58PM EST
* Says pact does not make Intesa, Cr Agricole independent
2009/07/03 - 04:53PM EST
* Needs no new finance sources for 2009-1010 period (Adds comments on banking covenant)
2009/07/03 - 04:34PM EST
LONDON, July 3 (Reuters) - Britain's leading equity indexclosed marginally higher on Friday as positive financial anddefensive stocks outpaced weaker commodity shares, which trackeda decline in crude and metals prices.
2009/07/03 - 04:13PM EST
MILAN, July 3 (Reuter) - Italy's antitrust authority issued astatement on Friday on its website:
2009/07/03 - 04:07PM EST
LONDON, July 3 (Reuters) - Aberdeen Asset Management's Global-Euro High Yield Bond fund was the top performer amongBritish-registered bond funds in June, data from Thomson Reuters fund researchfirm Lipper showed on Friday.
2009/07/03 - 02:51PM EST
LONDON, July 3 (Reuters) - Russia's state-ownedVnesheconombank (VEB) is looking to secure a syndicated loanworth up to $1 billion and has invited banks to submit proposalsfor the deal, banking sources said on Friday.
Consumer Goods And Retail News
2009/07/04 - 03:59AM EST
TOKYO, July 4 (Reuters) --Toyota Motor Corp plansto start mass producing plug-in hybrid vehicles in 2012, with aprojected first-year output of about 20,000 to 30,000 units,the Nikkei business daily reported on Saturday.
2009/07/03 - 05:43PM EST
LONDON, July 3 (Reuters) - British coffee retailer Coffee Republic Plc looked set to go into administration on Friday after it asked for itsshares to be suspended from trading.
2009/07/03 - 04:44PM EST
(Recasts lead, adds management comments, share price)
2009/07/03 - 04:05PM EST
FRANKFURT, July 3 (Reuters) - Porsche's squabbling owners are set to discuss an investment by Qatar inthe next two weeks, a milestone which could change the dynamicsof a Porsche/Volkswagen merger, people close to the talks said.
2009/07/03 - 02:48PM EST
VT.TO
SASKATOON, Saskatchewan, July 3 (Reuters) - Viterra plans to insure against weather-related crop disasters in SouthAustralia if it completes its acquisition of Australia's ABBGrain Ltd , the Canadian grain handling and farm supplycompany said on Thursday.
2009/07/03 - 01:40PM EST
AIX-EN-PROVENCE, France, July 3 (Reuters) - DANONE : * CEO says cannot exclude using proceeds of capital increase for acquisitions * "I do not know," he said when asked whether he could use the proceeds forbuys.
2009/07/03 - 01:36PM EST
LONDON, July 3 (Reuters) - The Artemis High Income fund was the topperformer among British-registered mixed asset funds in June, data from ThomsonReuters fund research firm Lipper showed on Friday.
2009/07/03 - 01:13PM EST
MUNICH, July 3 (Reuters) - Volkswagen chiefexecutive Martin Winterkorn said Europe's largest auto makersold 6 percent more cars and transporters in June than in thesame month a year earlier.
2009/07/03 - 01:03PM EST
* Union resolution on migrants' treatment easily defeated
2009/07/03 - 12:55PM EST
(Recasts lead, adds management comments, share price)
Energy News
2009/07/03 - 09:09PM EST
SAO PAULO, July 3 (Reuters) - Brazilian stocks endedslightly lower on Friday after a session of light, choppytrading.
2009/07/03 - 07:19PM EST
PBR
RIO DE JANEIRO, July 3 (Reuters) - Brazil's state oilcompany Petrobras expects exploration of an Iranian block willyield disappointing results, a company director said on Friday,adding another Iranian block has shown similarly dimprospects.
2009/07/03 - 06:12PM EST
LONDON, July 3 (Reuters) - European gasoline prices dippedin very light trade on Friday, tracking losses in crude and U.S.gasoline futures.
2009/07/03 - 03:15PM EST
MFC.TO PCA.TO SU.TO TCKB.TO
* Thin trading with U.S. markets closed (Adds details, quote)
2009/07/03 - 03:12PM EST
SAO PAULO, July 3 (Reuters) - Brazilian stocks opened toslight seesawing on Friday, as a holiday in the United Statesand overall caution about the global economy may lead to a dayof light trading.
2009/07/03 - 12:34PM EST
* China's crude stocks equal to 86 days of imports - Tanaka
2009/07/03 - 09:36AM EST
* New firm set up to buy substantial oil and gas assets
2009/07/03 - 09:35AM EST
BEIJING, July 3 (Reuters) - Top oil and gas firm PetroChina raised daily output at its largest Suligegasfield, in northern China's Ordos Basin, to 25.6 million cubicmetres, up 67 percent from last July, its parent CNPC said.
2009/07/03 - 07:46AM EST
LONDON, July 3 (Reuters) - Australia-based royalty andmineral exploration company Royalco Resources Ltd saidon Friday it rejected Anglo Pacific Group Plc's improvedoffer because it undervalues the company.
2009/07/03 - 06:49AM EST
JAKARTA, July 3 (Reuters) - Indonesia is consideringbuilding an onshore liquefied natural gas (LNG) plant fornatural gas reserves from the Timor Sea, operated by Japan'sInpex Corp , to cut costs, the mines and energyminister said on Friday.
Global Environment
2008/10/10 - 03:53PM EST
WASHINGTON (Reuters) - If the United States focused on curbing climate change as soon as a new president took office -- or sooner -- it could help pull the world from the financial brink, environmental policy experts told Reuters.
2008/10/09 - 07:52PM EST
STP
LOS ANGELES (Reuters) - A global financial crisis could distract the world's lawmakers and investors from supporting initiatives and technologies to reduce greenhouse gases, delaying what many see as critical efforts to combat climate change.
2008/10/09 - 04:56PM EST
WASHINGTON (Reuters) - If the United States focused on curbing climate change as soon as a new president took office -- or sooner -- it could help pull the world from the financial brink, environmental policy experts told Reuters.
2008/10/09 - 01:18PM EST
SAN FRANCISCO (Reuters) - Kleiner Perkins Caufield & Byers, the Silicon Valley venture capital firm that has backed companies like Google Inc and Amazon.com Inc, recently made its first clean technology investment in India, a top executive told Reuters.
2008/10/09 - 12:05PM EST
NEW YORK (Reuters) - Payments from polluters in rich countries to tropical communities in exchange for slowing deforestation may soon play a bigger role in combating climate change if problems like measuring preservation efforts can be overcome.
2008/10/08 - 11:00PM EST
SAN FRANCISCO (Reuters) - Kleiner Perkins Caufield & Byers, the Silicon Valley venture capital firm that has backed companies like Google Inc and Amazon.com Inc , recently made its first clean technology investment in India, a top executive told Reuters.
2008/10/08 - 10:53PM EST
NEW YORK (Reuters) - Payments from polluters in rich countries to tropical communities in exchange for slowing deforestation may soon play a bigger role in combating climate change if problems like measuring preservation efforts can be overcome.
2008/10/08 - 08:30PM EST
NEW YORK/SAN FRANCISCO (Reuters) - Solar cell maker First Solar Inc has felt no immediate effect on its business from the financial markets crisis and could take on a role in financing new projects or buying into new technologies, Chairman and CEO Michael Ahearn said on Wednesday.
2008/10/08 - 07:41PM EST
BARCELONA, Spain (Reuters) - Worsening damage to nature is jolting the world into doing more to protect animals and plants and new economic arguments will bolster the case for action, the head of a global conservation network said.
2008/10/08 - 07:10PM EST
BARCELONA, Spain (Reuters) - The world's burgeoning cities must do more to safeguard animals and plants by increasing parkland, planting trees and recycling resources, the U.N.'s top biodiversity official said on Wednesday.