The Wall Street Journal, whose parent Dow Jones & Co. is the target of a $5 billion takeover offer by News Corp., is set to shake up its newsroom by reassigning and replacing several top editors, the New York Times reported on its Web site.
Hedge funds, known for flexing their financial muscles around the globe but still largely shut out of China, hope the quickening pace of Beijing's reforms will open new gateways into the world's fourth-largest economy.
London is the world's top center of commerce, according to a study by MasterCard rating leading cities by how they influence the global economy.
Santander will sell Spanish property assets for 4 billion euros (2.7 billion pounds) to help fund its participation in a bid for Dutch bank ABN AMRO , an official at the Spanish bank said on Wednesday. The official, confirming a report in El Pais newspaper, said Santander, one of Europe's biggest banks, would make capital gains of 1.4 billion euros from the sales and wanted to go ahead with them even if the ABN deal fell through.
Jones Apparel Group Inc. (JNY.N: Quote, Profile, Research) is nearing a deal to sell its Barneys New York department store chain for $950 million to a private equity firm owned by the Dubai government, according to The New York Post.
The U.S Department of Justice gave the green light for two of the largest futures exchanges to merge, saying the merger would not hurt competition.
Barclays has drawn up contingency plans for a big cash sweetener to strengthen its all-share offer for Dutch bank ABN AMRO, the Financial Times reported on Wednesday.
Blockbuster Inc. introduced on Tuesday an Internet-only DVD rental service priced below a similar Netflix plan, sending Netflix shares down 9 percent as the online movie rental war heated up again.
Chemicals maker A. Schulman Inc. warned on Tuesday its fiscal 2007 earnings would fall short of its previous forecast due to weakness in Europe and North America.
The second largest U.S. steel maker, Nucor Corp. (NYSE: NUE), said on Monday that its second quarter profit will come up short of analysts’ estimates on lower demand from automakers and homebuilders.
Qwest Communications, Inc. (NYSE: Q) said Monday that its chief executive officer will retire as soon he finds a successor, sending shares down 8 percent.
A luxury unit in Hong Kong has sold for a record square foot price of HK$41,000 (US$5,247), according to a report.
The Board of Directors of Biomet, Inc. (Nasdaq: BMET), an orthopedics products maker, said Thursday it unanimously recommended an improved offer to acquire the company by a private equity consortium.
Prudential Financial, Inc. (NYSE: PRU), said it would close its stock research, sales and trading division, with over 400 job cuts at 13 locations worldwide expected.
Footwear retailer DSW, Inc. (NYSE: DSW) said Wednesday that profit for its first fiscal quarter rose 36 percent but also lowered its full-year same-store sales guidance on lower-than-expected sales.
Commonwealth Bank of Australia on Wednesday announced the extension of its Gen-i Australasia telecommunication services relationship to Feb 2009.
Dow Jones & Co.'s (NYSE: DJ) union has enlisted billionaire Ron Burkle to explore alternatives to News Corp.'s (NYSE: NWS)$5 billion take over bid in an effort to ensure editorial independence at the Wall Street Journal.
Shares of Whole Foods Market, Inc. (NASDAQ: WFMI) fell on Wednesday, a day after U.S. antitrust officials said they would seek to block the leading natural food retailer’s proposed merger with Wild Oats Markets, Inc. (NASDAQ:OATS), the next closest competitor.
Avaya, Inc. (NYSE: AV) can still consider other bids despite an $8.2 billion agreement to be taken private and there are interested parties, according to a Prudential analyst.
Shares of Guess?, Inc. (NYSE: GES) jumped nearly 6 percent on Wednesday, a day after the apparel and accessories maker reported a quarterly profit that beat analysts’ expectations, driven by strong growth across multiple business units.
A pair of private equity firms are the winning bidders for communications manufacturer Avaya, Inc. (NYSE: AV).
Subprime lender Accredited Home Lenders Holding Co. (NASDAQ: LEND) said Monday that it agreed to be acquired by a private equity firm for $400 million.
News Corp. (NYSE: NWS) chief Rupert Murdoch told reporters that he had a good meeting with Dow Jones & Co.'s controlling Bancroft family over his proposal to purchase the company for $5 billion.
Last week, Dr. Naresh Trehan, the top cardiologist at one of India’s largest corporate hospital groups, playing the role of a modern-day Moses, quit the research center he had led for the last 20 years, triggering an exodus of sorts, with about 50 doctors set to follow him to a rival hospital.
The newest investor in India’s largest budget airline isn’t willing to let the business keep losing money. Prices will go up eventually, he says.
News Corp. (NYSE: NWS) is trying to persuade skeptics among the Bancroft family that it is sincere in its promise for editorial independence as part of the condition for buying Dow Jones & Co. Inc. (NYSE: DJ) according to published reports.
Private equity firm Blackstone Group L.P. agreed to buy privately held insurance brokerage Alliant Insurance Services, Inc., it said late Sunday.
Insurance Australia Group Ltd., Australia's largest auto and home insurer, ended three year talks to buy a stake in China Pacific Property Insurance Co., saying the company's parent resisted the move.
Korean Air Co. said on Monday that it would launch a low-cost carrier within three years, making it the largest Asian airline to target the budget aviation market.
Sears Holdings Corp. (NASDAQ: SHLD) saw profits rise 20 percent in its fiscal first quarter, pushed by special gains, but sales declined at its major retail outlets.
