The London Stock Exchange said on Monday it remained committed to an agreed tie up with Canada's TMX Group after a group of Canadian banks and pension funds made a preliminary, $3.7 billion counter offer.
China needs to raise interest rates further to rein in inflation, which is likely to stay high in coming years due to rising global commodity prices, Li Daokui, an adviser to the People's Bank of China said on Monday.
Underwriters for the planned $9 billion stock sale by American International Group Inc
and the Treasury have indications of interest from investors for about half the offering, the Wall Street Journal reported on Sunday, citing people familiar with the matter.Chrysler Group LLC, seeking to raise $6 billion in new debt to repay government loans, is expected to restructure its proposed refinancing package this week after investors showed hesitation over the loan portion of the transaction, people familiar with the matter said.
A group of Canadian banks and pension funds are hoping their C$3.6 billion ($3.7 billion) offer for TMX Group will keep the nation's largest stock market from falling into foreign hands, but questions remained on Sunday whether that is reason enough to succeed.
AOL Inc is launching a professional division called AOL Industry on Monday aimed at government, energy and defense executives.
Maple Group Acquisition Corp, a consortium of Canadian banks and pension funds, said its takeover proposal for the TMX Group valued the nation's largest stock market operator at C$3.6 billion.
Citigroup Inc Chief Executive Vikram Pandit, whose bank barely survived the financial crisis, on Sunday stepped into a once-unlikely position: role model to America's future financial leaders.
A sharp retreat in oil prices has lent fresh credibility to Federal Reserve officials' predictions that the spike in energy and commodity prices would be a passing phenomenon.
The London Stock Exchange will find itself in a tight spot trying to fend off a rival bid for Canada's TMX Group, a deal it badly needs to rejuvenate its centuries-year old business.
Over the past several decades, some very alarming long-term economic trends have developed that are absolutely destroying the economy. Here are 50 hard facts and statistics that show the negative trends in several areas of the economy. If dramatic changes are not made soon, a complete and total economic collapse becomes a possibility
Maple Group Acquisition Corp, made up of four of Canada's leading banks and the nation's largest pension fund administrators, said on Sunday it is offering C$3.6 billion to take over the TMX Group.
Maple Group Acquisition Corp, made up of four of Canada's leading banks and the nation's largest pension fund administrators, confirmed on Sunday the details of a C$3.6 billion proposal to take over the TMX Group.
The big money is calling a halt to the surge in stock prices.
Back office fraud is draining corporate treasuries of billions of dollars a year, and the risk is growing as companies and employees struggle in the wake of the recession, finance managers and experts say.
Canada's TMX Group, operator of the Toronto Stock Exchange, has received a takeover proposal from a group of Canadian banks and pension funds that could trump a friendly $3 billion bid from the London Stock Exchange.
Canada's largest stock exchange operator TMX Group said on Saturday it had received a takeover offer from a group of Canadian banks and pension funds that rivals a $3 billion London Stock Exchange bid.
German Chancellor Angela Merkel will secure a parliamentary majority in favor of the planned permanent bailout fund for the euro zone, a senior coalition politician said on Saturday.
The number of malware that aim the Android mobile operating system has gone up by 400 per cent since summer of last year, according to a report by Juniper Networks.
Bankrupt bookseller Borders Group Inc said it has received indications of third-party interest for its business that could keep it running as a going concern, a source close to the matter told Reuters.
Innkeepers USA Trust, the bankrupt manager of more than 70 hotels, gained court approval on Friday of a plan to sell most of its properties to Cerberus Capital Management and Chatham Lodging Trust for $1.12 billion.
A U.S. appeals court found memory chip designer Rambus Inc was wrong to shred hundreds of boxes of documents relevant in two patent infringement lawsuits it filed, sending its shares down sharply.
Federal criminal authorities are investigating whether a former U.S. securities regulator inappropriately represented alleged fraudster Allen Stanford after he left the agency in 2005.
Ford Motor Co Chief Executive Alan Mulally made about $1.7 million through a stock option that kicked in after Ford shares traded above $15 a share for 30 straight days, the automaker said on Friday.
Gasoline and food prices hoisted U.S. inflation to a 2-1/2-year high in April, but there was little sign of a broader pick-up in consumer prices that would trouble the Federal Reserve.
Bankrupt bookseller Borders Group Inc has so far failed to find a bidder for the entire chain, Bloomberg reported, citing four people close to the matter.
A former hedge fund manager has been charged with defrauding investors in a federal indictment on Friday, nearly two years after the fund collapsed under the weight of failed real estate loans.
A U.S. appeals court found memory chip designer Rambus Inc wrongly destroyed documents related to patent lawsuits it filed, sending its shares down sharply.
A former hedge fund manager has been charged with defrauding investors of at least $12.6 million in a federal indictment on Friday, nearly two years after the fund collapsed under the weight of failed real estate loans.
A judge on Friday rejected an indicted securities trader's request to postpone his insider trading trial because of the broadly publicized conviction of hedge fund manager Raj Rajaratnam in the same New York court.
