Posted by Reuters: Business News on February 3, 2012
SYDNEY (Reuters) – An $80 billion marriage of commodities trader Glencore and miner Xstrata could lead to a new round of takeovers in iron ore, creating a goliath eager to muscle its way onto one of mining’s richest and most closely guarded industries.
Posted by Reuters: Business News on January 31, 2012
LONDON/SAN FRANCISCO (Reuters) – Apple Inc has hired Dixons Chief Executive John Browett, who revived the British electronics retailer by emphasizing customer service, to lead the iPad maker’s global retail expansion.
Posted by The PIPEs Report on January 27, 2012
Citigroup Global Markets and Piper Jaffray & Co. acted as the joint book-running managers on a $…
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Posted by The Distressed Debt Report on January 25, 2012
Avenue Capital Group, a New York-based private equity firm that invests in distressed and undervalue…
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Posted by Reuters: Business News on January 17, 2012
(Reuters) – Kraft Foods Inc said that splitting into two companies would lead it to cut about 1,600 jobs in North America this year and that its 2011 profit should be slightly higher than it had previously forecast.
Posted by Reuters: Business News on January 10, 2012
NEW YORK (Reuters) – Stocks were set to jump at the open on Tuesday after a bullish Alcoa forecast boosted the outlook for the commodities sector and pointed to a stronger global economy.
Posted by Reuters: Business News on January 6, 2012
TOKYO (Reuters) – The ousted British CEO of disgraced Olympus Corp, who blew the whistle on a $1.7 billion accounting fraud, dropped his bid to return to lead the medical device maker, blaming cozy ties between its management and big Japanese shareholders and saying the saga had taken its toll on his family.
Posted by Reuters: Business News on
TOKYO (Reuters) – The ousted British CEO of disgraced Olympus Corp, who blew the whistle on a $1.7 billion accounting fraud, dropped his bid to return to lead the medical device maker, blaming cozy ties between its management and big Japanese shareholders and saying the saga had taken its toll on his family.
Posted by Reuters: Business News on January 5, 2012
NEW YORK (Reuters) – Stocks rose on Thursday led by bank shares as investors bet a stronger economy will help boost balance sheets of U.S. based lenders.
Posted by The Distressed Debt Report on December 20, 2011
Private equity firm Cerberus Capital Management hired former Goldman Sachs managing director Allen U…
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