Canada’s biggest banks and pension funds have tabled a C$2.8bn bid for TMX Group in a bid to break up an agreed merger between the operator of the Toronto and Montreal bourses with the London Stock Exchange
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Canadians launch counterbid for TMX
Prudential will take action to moderate the growth of its US business as its continuing sales success threatens to unbalance the group, the UK-listed company says
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Pru to moderate growth of US unit
The US Federal Trade Commission has indicated that the group’s gathering of information from iPhone users who turned off location services make it vulnerable to legal action
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Apple open to lawsuit over data collection
Arch Coal has made a move to strengthen its position in higher-value metallurgical coal used for steelmaking, spending $3.4bn in cash on International Coal Group
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Arch Coal to buy ICG in $3.4bn cash deal
New York Times Regulator Moves to Expand Power Over Wall St. New York Times You also hired a new enforcement director, Brad Bennett, who until recently defended financial firms and corporate bosses from insider trading and accounting fraud charges. What should Wall Street expect from his group? Brad has brought a renewed … Big Bucks and Hired Guns: Why Financial Reform Is Stalling BNET (blog) all 15 news articles
Stories are flying about China’s $3 trillion reserves, with much speculation on how those reserves will be used. First let’s consider the setup. Bloomberg reports China’s $3 Trillion Reserves Show G-20 Task as Wen Resists Yuan PressureChina’s foreign-exchange reserves exceeded $3 trillion for the first time, highlighting global imbalances that Group of 20 finance chiefs aim to tackle at meetings in Washington. China’s currency holdings, the world’s biggest, swelled by $197 billion in the …
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Future Shock: China’s Remarkable $3 Trillion in Reserves; What Will China Do With Them?
Troubles come as the group is trying to expand market share in the Muslim country, where financial service companies are competing to tap region’s commercial opportunities
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Citi rues timing of Indonesian scandals
LeBron James of the Miami Heat who is one of the US’s most bankable athletes has become an unlikely part-owner of the football club, after striking a deal with Fenway Sports Group
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Basketball star takes Liverpool FC stake
The chief strategy officer of the acquisitive US-based cable company says that the group is poised to make a bid to pre-empt a possible €7bn flotation of the largest Dutch cable operator
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Liberty Global in bid to pre-empt Ziggo’s IPO
Proving that he cannot find his ass with two hands and a road map, Treasury secretary Tim Geithner says inflexible currencies are biggest monetary problem.Tightly controlled exchange rate regimes are the main flaw in the international monetary system and the solution is simple, U.S. Treasury Secretary Timothy Geithner told a G20 meeting on Thursday. In a thinly veiled swipe at the Chinese hosts of the seminar of the Group of 20 wealthy and developing economies, Geithner said that countries …
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Geithner’s Blatant Lies at the G20 Meeting; Four-Pronged Solution
The US bank has appointed Stuart Popham, one of the City’s best-connected lawyers, to a senior role within its European business as the group shores up its regulatory expertise
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Citigroup picks top London lawyer
The swift endorsements for the group’s acquisition of T-Mobile USA reflect the lobbying power it has built up, as it developed a reputation as a slick political operative on Capitol Hill
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Lobbyists dial into debate on AT&T deal
Randall Stephenson, chief executive, says the explosive data growth on the group’s mobile network because of booming demand for smarthphones has driven the $39bn offer for T-Mobile USA
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Spectrum at the heart of AT&T’s bold move
James Murdoch admits making television in 3D has caused problems for the group, but says the time is coming when audiences will want all big events in the new medium
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News Corp upbeat on 3D TV
Bill Morrow and two other executives are leaving the US wireless operator in a management reorganisation as the group fights to close a funding gap worth billions of dollars
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Clearwire chief resigns in shake-up
Chief of world’s second-largest retailer by sales says splitting the group will create value for the company and investors, while restoring growth in France is a priority
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Carrefour outlines French growth strategy
Bank temporarily halts foreclosures after regulators find ‘deficiencies’ in its procedures, exposing the group to possible monetary fines
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HSBC suspends US home seizures
Adena Friedman, a longtime top executive at Nasdaq OMX Group, is leaving to join a private equity group, the company said
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Nasdaq top executive to leave
Finland could face up to 6,000 job cuts as a result of Nokia’s alliance with Microsoft, as the group tries to catch Apple and Google in the smartphone market
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Threat to 6,000 jobs following Nokia deal
Politicians and bankers question the benefits to the country of the proposed marriage between the LSE and TMX Group
An appeals court in NY has revived a shareholder lawsuit against Blackstone accusing the group of hiding information about bad investments ahead of its 2007 IPO
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Appeals court gives go-ahead to Blackstone case
London Stock Exchange is in advanced merger talks with Canada’s TMX Group in the first big strategic act by Xavier Rolet, chief executive, to secure the future of the UK bourse
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LSE in merger talks with Canada’s TMX
The retailer said it would name an internal replacement for Marka Hansen, who is leaving the group amid signs of trouble in the drive to return its core business to growth
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Head of Gap in North America to step down
French President Nicolas Sarkozy is now convinced the recovery is real and the only thing left to do is tie up some loose ends. He thinks the most pressing G-need is for the G-20 to regulate commodities and that is the right size of the group. In contrast, Sarkozy thinks the G-20 is too large and unwieldy to tackle currencies. He proposes a G-5 or G-14 or some other unknown G-number hoping to hit the magic G-spot. Bloomberg reports Sarkozy Calls for G-20 to Regulate Commodities, Price …
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Sarkozy Calls for G-20 to Regulate Commodities, a New G-Club to Tackle Currencies; Is there a "Grain Shortage"? Price Control Madness
One of the group’s biggest funds was worth less than 100 cents on the dollar at the end of 2010 in spite of the late-year market rally
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TPG’s $17.4bn fund V remains under par
In a few weeks’ time the bank’s chief executive will set out his own stall with a plan designed to rebalance the group’s businesses and map out a clearer path toward boosting returns
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Diamond needs to clarify strategy at Barclays
Capital Shopping Centres has woken up not just the property sector but its own 5 per cent shareholder Simon Property Group
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CSC has simply no real reason to do what Simon says
India Digest: Tata to Move SC Against 'Leaks' Wall Street Journal (blog) The Wall Street Journal has not verified these stories and does not vouch for their accuracy. Tata to Move SC Against 'Leaks': Tata Group chairman Ratan …
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India Digest: Tata to Move SC Against ‘Leaks’ – Wall Street Journal (blog)
Carlyle Group will buy most of Arcandor’s Primondo mail-order and e-commerce retail operations, and PAI Partners has agreed to buy the Dutch lingerie chain Hunkemöller
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Private equity groups invest in retail
The decision is a significant setback for the group’s new management just as it had started to boost morale at the world’s largest maker of business applications software
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SAP considers its options after $1.3bn fine
Prince Alwaleed bin Talal al-Saud is to invest $500m in the Detroit carmaker’s initial public offering, citing the group’s global strength, especially in China and Brazil
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Saudi prince snaps up 1% stake in GM
Dow Jones is planning a digital overhaul of its B2B activities to improve revenues three years after the group began repositioning the Wall Street Journal for a broader readership
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Dow Jones plans digital revamp
The start-up trading platform’s new chief executive calls for a halt to the rapid expansion of the group into the region, saying it would evaluate the Korean market
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Chi-X reviews options for Asian expansion
The failed bank’s London unit, sponsor of its pension scheme, was so deeply connected financially to the parent and other companies within the group, the regulator’s determinations panel ruled
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Pensions watchdog can claim against Lehman
The bank’s charity arm has teamed up with the Tung Wah Group of Hospitals to study the feasibility of a programme to make small loans to poor individuals to start small businesses
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Citi considers microfinance service in HK
Investors, pundits and experts are divided over the group’s future
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HP faces crucial decision in how to follow Hurd
Bobsguide (press release) Will Paying Whistle-Blowers for Tips Lead to More SEC Crackdowns? DailyFinance Cohen says the SEC expects “a tremendous response” from Wall Street insiders. But at least one long-term observer of the system is skeptical. … Tip-off law set to spark bounty hunts Financial Times Kirby McInerney LLP Announces New Financial Whistleblower Group TradersHuddle.com Wall Street whistle-blowing rewards 'to attract tremendous response' Bobsguide (press release) BBC News
A court-appointed examiner of the publisher’s 2007 buy-out found evidence of ‘dishonesty and lack of candour’ in the deal that led to the group’s insolvency
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Tribune deal marred by ‘dishonesty’
A classic choice between honour and expediency faces shareholders of the global car parts maker as they vote on a hotly debated plan to dismantle the group’s multiple-vote share structure
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Magna investors set to debate shares reform
The trustee in charge of tracking down losses from Bernard Madoff’s ‘Ponzi’ scheme has sued more three dozen affiliates and executives of Fairfield Greenwich Group, a feeder fund which is accused of knowingly participating and profiting from the fraud
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Madoff trustee sues Fairfield executives
CBC.ca US stock index futures down; Goldman results eyed Reuters Futures for the S&P 500 SPc1, Dow Jones DJc1 and Nasdaq NDc1 were down 0.2 to 0.3 percent at 0900 GMT, pointing to a lower open on Wall Street on Tuesday. … Stocks Can't Shake IBM Sales Miss TheStreet.com Market Updates: Goldman Sachs Group (NYSE:GS), IBM (NYSE:IBM), Harley-Davidson … Jutia Group US open: Stocks tumble as earnings disappoint MoneyWeek Jakarta Globe
A securities fraud lawsuit was filed on Friday, July 9, by Liberty Mutual Insurance Co. against Goldman Sachs Group Inc. The insurance company claims they lost $62.5 million due to Goldman misrepresenting Fannie Mae stocks in 2007. …
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Liberty Mutual Suing Goldman Sachs for Securities Fraud | Denver …
The fact that the internal candidates Jeff Urwin and Kevin Willsey were promoted to lead JPMorgan’s investment bank in Canada and the US shows how the group thrived while others suffered in the financial crisis
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JPMorgan names new joint leaders of US investment unit
Ex-NIR Analyst Pleads Guilty To Securities Fraud Wall Street Journal Federal authorities have been investigating the Roslyn, NY-based NIR Group and founder Ribotsky since at least 2009, The Wall Street Journal reported. … and more
Former NIR Group Analyst Accused of Securities Fraud Forbes (blog) The Wall Street Journal reported a few months ago that federal investigators were questioning individuals close to the firm about an alleged kickback scheme … and more
Discussions on a number of possible roles at the group, including a senior position within News Corp’s UK newspaper division
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Ex-Telegraph editor in talks with News Corp
Barr Rosenberg steps down as chairman of the US asset manager after an investigation into errors in the data systems used by the group he co-founded in 1985
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Shake-up at Axa Rosenberg
Reuters Goldman Sachs Gets More Time to Defend SEC Suit ABC News … judge agreed to give Goldman Sachs Group Inc more time to respond to a lawsuit filed by US securities regulators accusing the Wall Street bank of fraud . … Goldman Wins Delay In Replying To SEC Lawsuit FINalternatives Goldman Gets Extension In SEC Lawsuit Emii.com all 42 news articles
Although Sir Howard Stringer, Sony chief executive, has said this is the year of 3D across the group’s media properties and product lines, the electronics giant has no…
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Sony holds fire on 3D for PlayStation Portable
The Principal Traders Group appoints James Overdahl, the Commission’s former chief economist, as its first spokesman in a campaign to improve the high-frequency trading industry’s image
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Trading body hires former SEC official