A JP Morgan infrastructure fund is in talks to buy only parts of Dragados SPL rather than the whole ports division of Spanish builder ACS, two people familiar with the matter said on Monday. The economic downturn has highlighted the disparity in value of some of the port unit's assets, with JP Morgan now only trying to acquire some of them, the sources said, adding the talks were still continuing.
Shares of staffing companies soared on Friday after a government report showing U.S. employers cut far fewer jobs than expected last month heralded increased demand for the companies' services as the labor market improves.
The doors of restaurants and barbershops are increasingly plastered with stickers touting various online rating services, from Yelp and Citysearch to the distinctive red crest of Zagat.
The U.S. job market rose slightly in November according to a report issued days after government data showing the lowest number of job cuts in that month since December 2007, a research group said on Monday.
Financial markets need global climate talks getting underway in Copenhagen to iron out a plan to price emissions more effectively and seal the switch to a low carbon economy, Europe's biggest investor told Reuters on Monday.
EU antitrust regulators are set to accept next week an amended offer by Microsoft that would allow PC users in Europe to choose other web browsers, two people familiar with the situation said on Monday.
At first blush, NBC Universal's $30 billion valuation appears high at a time when traditional media's advertising dollars are being siphoned off by the Web.
The Carlyle Group , the U.S. buyout giant backing China Pacific Insurance (Group) Co Ltd, could make a $4 billion profit -- a return of more than six times its investment -- once China's No.3 life insurer floats shares in Hong Kong.
Luminaries from the worlds of music and film were feted by President Barack Obama and a black-tie audience of artists and political heavyweights on Sunday at the 2009 Kennedy Center Honors.
U.S. major Chevron Corp's gas sale agreement with Japan's Tokyo Electric Power is worth A$90 billion ($82.5 billion), and is the biggest Australian LNG supply agreement ever signed, the West Australian government said on Monday.
TNT might know drama, but does it remember how to launch a hit show?
Wine-tasting and brewery-touring trips are popular in countries around the world. But connoisseurs of other beverages needs not be left thirsty. From Mexico to Japan, in nearly every corner of the
Tokyo Electric Power Co will invest more than 300 billion yen ($3.3 billion) in acquiring a stake in liquefied natural gas development in Australia, the Nikkei business daily reported on Sunday.
Japan's Tokyo Electric Power Co said on Saturday it has signed a Heads of Agreement with U.S. major Chevron to procure 4.1 million tonnes per year of liquefied natural gas from Australia's Wheatstone project. Under the agreement, TEPCO, Japan's top utility, will acquire 15 percent of Chevron's equity stake in Wheatstone field license and an 11.25 percent stake in Wheatstone gas processing facility.
Republican firebrand Sarah Palin invaded the city she loves to hate on Saturday and rubbed shoulders with the herd of journalists she usually holds in disdain.
Seven children were killed and 42 wounded in a Shi'ite district of Baghdad Monday when a bomb exploded outside a school, police said.
Officials of CME Group Inc expressed optimism on Friday about the success of a new physically deliverable U.S. sour crude oil futures that launches next week, but said it would take years to become a benchmark, if it ever does.
Oil prices fell below $75 a barrel on Monday as a rising dollar sent investors fleeing from risk and global markets began to speculate on a specific future date when the United States would raise its interest rates.
The number of rigs drilling for natural gas in the United States was unchanged this week at 748 following a big gain last week, according to a report on Friday by oil services firm Baker Hughes in Houston.
MetLife Inc , the largest publicly traded U.S. life insurer, issued profit forecasts for the fourth quarter and 2010 that could beat average Wall Street expectations.
No Break Ups for Big Banks; Baillout Cheaper; Pressing Finance Reform
The biggest climate talks in history opened on Monday with a stark U.N. warning of the risk of desertification and rising seas and an assurance by hosts Denmark that a deal to combat climate change was within reach.
