AWG Agrees $4.1B Bid, Gets Other Approaches
The battle for control of UK water firm AWG Plc heated up on Monday despite the company's agreement of a 2.2 billion pound ($4.1 billion) offer from an investment group called Osprey.
Morgan Stanley Buys Bank to Gain China Access
Morgan Stanley said on Monday it has acquired China's Nan Tung Bank, a deal that would give the Wall Street giant a coveted onshore commercial banking license in China ahead of U.S. investment bank rivals. The deal allows Morgan Stanley to apply immediately to offer yuan-denominated products.
Morgan Stanley Earnings Soar
Morgan Stanley on Wednesday said quarterly earnings rose on strong trading and merger activity, as the largest U.S. investment bank continued its turnaround from a tumultuous 2005.
Nikkei Hits 1-Mth closing Low, World Demand Feared
The Nikkei average hit a one-month closing low on Tuesday, declining 0.48 percent as a fall in commodity prices stoked worries about global demand and hit stocks sensitive to the economic cycle such as steel makers.
More news
Jason Kelly's Week In Review
It was a mixed week as another rate hike became certain
Chinese bank denies in talks on Bear Stearns stake
China Construction Bank Corp., one of the country's largest state banks, denied a newspaper report on Monday that it is in early talks with Bear Stearns Cos. that could lead to it taking a minority stake in the Wall Street investment bank.
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