International Business News - CS http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Wall Street ended mixed Tuesday as concerns about the path of Hurricane Gustav sent oil prices higher and offset a better-than-expected reading on consumer confidence. Comments from the Federal Reserve about rising inflation added to the market's uneasiness. http://www.ibtimes.com/data/articleimgs/116289-specialist.jpg http://www.ibtimes.com/articles/20080826/stocks-poised-higher-ahead-home-sales-data.htm http://www.ibtimes.com/articles/20080826/stocks-poised-higher-ahead-home-sales-data.htm Tue, 26 Aug 2008 17:36:08 EDT Credit Suisse Group said Tuesday it has acquired a majority stake in U.S.-based company Asset Management Finance Corporation for $384 million of newly issued Credit Suisse stock. http://www.ibtimes.com/articles/20080826/credit-suisse-buys-majority-stake-in-us-based-amf.htm Tue, 26 Aug 2008 07:10:07 EDT Credit Suisse Securities USA, a unit of Swiss-based financial services firm Credit Suisse Group, spent $520,000 in the second quarter lobbying the U.S. government on mortgage reforms and other issues, according to a recent disclosure form. http://www.ibtimes.com/articles/20080825/credit-suisse-spent-520-000-lobbying-in-2q.htm Mon, 25 Aug 2008 09:47:07 EDT Shares in Australian ports and rail operator Asciano Group soared Monday after the company received an unsolicited 2.89 billion Australian dollar ($2.69 billion) takeover offer from a U.S. private equity group and a fund. http://www.ibtimes.com/articles/20080804/equity-group-bids-2-7b-for-australias-asciano.htm Mon, 04 Aug 2008 07:12:55 EDT Deutsche Bank AG's profit slumped 64 percent in the second quarter as financial market turbulence from the U.S. credit crisis led to 2.3 billion euros in write-downs--more than previously estimated--but investors appeared reassured, with its shares trading higher after the report was released. http://www.ibtimes.com/articles/20080731/deutsche-banks-2q-profit-slips-to-euro645m.htm Thu, 31 Jul 2008 11:33:25 EDT Tamarack Resort in central Idaho aims to sell $670 million in bonds to boost finances after a real-estate market slowdown brought construction to a standstill and chased off investors, including tennis stars Andre Agassi and Steffi Graf. http://www.ibtimes.com/articles/20080728/idaho-resort-plans-to-sell-670-million-in-bonds.htm Mon, 28 Jul 2008 17:48:18 EDT Credit Suisse Group's profit skidded 62 percent from a year ago, but was a major improvement from the loss it posted in the first three months of this year. http://www.ibtimes.com/data/articleimgs/97013-switzerland-earns-credit-suisse.jpg http://www.ibtimes.com/articles/20080724/credit-suisse-profit-falls-62-pct.htm http://www.ibtimes.com/articles/20080724/credit-suisse-profit-falls-62-pct.htm Thu, 24 Jul 2008 12:16:15 EDT Credit Suisse Group said Tuesday it has hired Erin Callan, Lehman Brothers's former chief financial officer, to run the Swiss bank's global hedge fund business. http://www.ibtimes.com/articles/20080715/credit-suisse-hires-lehmans-callan.htm Tue, 15 Jul 2008 15:38:51 EDT Though economic uncertainty has stymied activity in the initial public offering market, Credit Suisse Securities, Merrill Lynch & Co. and Wachovia Securities each managed to complete 10 deals during the first half of the year, more than any other underwriter. http://www.ibtimes.com/articles/20080707/ipo-spotlight-1st-half-underwriter-rankings.htm Mon, 07 Jul 2008 15:45:48 EDT U.S. shares of European banks moved higher Wednesday after Barclays Group PLC said it plans to raise $8.85 billion by selling new stock. The London-based company said the move will strengthen its financial position and help Barclays take advantage of turmoil in the financial markets. Investment groups from Qatar, Japan, Singapore and China have agreed to make significant investments in the company. http://www.ibtimes.com/articles/20080625/adrs-in-focus-european-bank-stocks-move-higher.htm Wed, 25 Jun 2008 15:34:07 EDT Two former Bear Stearns hedge fund managers were hauled into jail Thursday and charged with lying to investors about the collapse of the subprime mortgage market, perhaps signaling the start of a wave of prosecutions arising from the housing meltdown. http://www.ibtimes.com/data/articleimgs/75790-bear-stearns-investigation.jpg http://www.ibtimes.com/articles/20080620/2-former-bear-stearns-hedge-fund-managers-charged.htm http://www.ibtimes.com/articles/20080620/2-former-bear-stearns-hedge-fund-managers-charged.htm Fri, 20 Jun 2008 07:15:56 EDT Jon Huntsman Sr. on Thursday blasted a private-equity group for backing out of a deal to buy his chemicals company. Huntsman called partners of New York-based Apollo Management LP a disgrace and said their decision was one of the most unethical contract violations he's seen in a half-century of business. http://www.ibtimes.com/articles/20080619/moodys-reviewing-huntsman-hexion-ratings.htm Thu, 19 Jun 2008 18:55:20 EDT Two former Bear Stearns hedge fund managers were hauled into jail Thursday and charged with lying to investors about the collapse of the subprime mortgage market, perhaps signaling the start of a wave of prosecutions arising from the housing meltdown. http://www.ibtimes.com/data/articleimgs/75496-bear-stearns-investigation.jpg http://www.ibtimes.com/articles/20080619/ex-bear-stearns-managers-surrender-in-nyc.htm http://www.ibtimes.com/articles/20080619/ex-bear-stearns-managers-surrender-in-nyc.htm Thu, 19 Jun 2008 19:13:28 EDT Hexion Specialty Chemicals Inc. said Wednesday it no longer thinks that will be able to acquire fellow chemicals maker Huntsman Corp. because of the deterioration of Huntsman's finances. Huntsman shares fell nearly 38 percent. http://www.ibtimes.com/articles/20080618/hexion-says-deal-for-huntsman-may-not-happen.htm Wed, 18 Jun 2008 21:14:56 EDT U.S. shares of European banks fell Wednesday as a raft of news pressured the financial sector. On Wednesday, Morgan Stanley reported a 61-percent decrease in its fiscal second-quarter profit as it sold some assets and felt the impact of the credit crisis. The bank's revenue fell short of expectations. http://www.ibtimes.com/articles/20080618/adrs-in-focus-european-bank-stocks-slide.htm Wed, 18 Jun 2008 15:55:47 EDT A top U.S. banking regulator says the government must do a better job of planning for the failure of a large investment bank after the near-collapse of Bear Stearns Cos. http://www.ibtimes.com/articles/20080618/fdic-chief-calls-for-tighter-investment-bank-rules.htm Wed, 18 Jun 2008 15:54:48 EDT Credit Suisse said Friday it has agreed to pay 172.5 million euros ($266.8 million) to settle all claims in Italy between the financial services firm and Italian dairy company Parmalat. http://www.ibtimes.com/articles/20080613/credit-suisse-to-pay-266-8m-in-parmalat-case.htm Fri, 13 Jun 2008 15:08:01 EDT Credit Suisse Securities USA, a unit of Swiss-based financial services firm Credit Suisse Group, spent $540,000 in the first quarter lobbying on mortgage regulations and other issues, according to a disclosure report. http://www.ibtimes.com/articles/20080610/credit-suisse-spent-540-000-in-1q-lobbying.htm Tue, 10 Jun 2008 10:34:35 EDT Shares of European banks trading in the U.S. fell Monday like their stateside counterparts, after Lehman Brothers Holdings Inc. forecast a large second-quarter loss, and said it will raise $6 billion in cash by selling more stock. http://www.ibtimes.com/articles/20080609/adrs-in-focus-european-banks-stocks-slide.htm Mon, 09 Jun 2008 15:40:31 EDT China Merchants Bank Co. will buy Wing Lung Bank Ltd. in a deal valuing the Hong Kong lender at $4.7 billion. China Merchants Bank won a bidding war for the family-owned bank by offering 156.5 Hong Kong dollars ($20.05) a share, Dow Jones Newswires reported Friday, citing a person familiar with the deal. http://www.ibtimes.com/articles/20080530/report-china-merchants-to-buy-hong-kong-bank.htm Fri, 30 May 2008 10:18:15 EDT