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United Group buys Unnico for $477 million

Australian engineering services firm United Group Ltd. said Wednesday it had acquired US-based UNICCO Service Company (UNICCO) for $477 million (US$411 million) in a cash and stock deal.

China commercial banks aim for combnined $1.5 billion IPOs

Two urban commercial banks in China plan to issue IPO The Bank of Nanjing Co. and Bank of Ningbo Co. plan to raise a combined 11.07 billion Yuan ($1.46 billion) through initial public offerings, the first batch of urban commercial Chinese banks to list in local stock exchanges.

Nymex stock up after analysts raise estimates

Shares of Nymex Holdings Inc. rose more than 4 percent on Thursday as two analysts increased their earnings estimates the day after the parent of the New York Mercantile Exchange said it was raising trading fees for members.

Indexes gain on earnings optimism; Yum up late

Stocks rose on Wednesday as a scarcity of profit warnings fueled optimism over the corporate reporting season, enabling the market to regain its footing after a sharp drop the previous session.

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China shares end higher, led by banks, real estate

China's main stock index ended up 0.33 percent on Wednesday, buoyed by strong real estate and bank stocks, but investors remained worried that imminent initial public offerings may swamp the market with fresh supplies of shares.

Gemstar shares spike as firm pursues options, possible sale

Shares of Gemstar-TV Guide International Inc. (Nasdaq: GMST) jumped on Tuesday after the company said it was exploring strategic partnerships, including possibly selling itself.

Japan's Investors Look Abroad

Money is pouring into foreign stocks, putting more downward pressure on an already weak yen.

Carlyle to acquire Sequa for $2 billion

Private equity firm Carlyle Group said on Monday it would buy aircraft and auto parts maker Sequa Corp. for $2 billion.

Banks losing up to $52 bln over subprime

Credit Suisse analysts estimated banks could lose up to $52 billion over time due to their exposure to collateralized debt obligations that invested in U.S. subprime mortgages.

CBOT-CME Merger Approved

Shareholders of Chicago Mercantile Exchange Holdings Inc. and CBOT Holdings Inc. on Monday voted convincingly to merge the two giant futures exchanges under one roof.

Investment protectionism is new China challenge

As if it wasn't hard enough to invest $200 billion, the managers of China's new state asset agency face a new headache: growing financial protectionism.

Stocks may rise as earnings season starts

U.S. stocks could rise this week if the first wave of quarterly earnings inject optimism about results for the period and on economic growth that has surprised on the upside.

FedEx could lure private equity interest: Barron's

Package delivery company FedEx Corp. could become a target for private equity buyers because of its modest valuation and turnaround potential, Barron's reported in its July 9 issue.

Mom and pop to buy more global stocks: study

Rubles, rupees and renminbis will be a much bigger part of mom and pop's portfolio in less than 10 years as consumers become more tolerant of risk-taking and more knowledgeable about global economies, according to a study released on Monday.

Dow Jones to meet with Ron Burkle: source

Dow Jones & Co., which has been in talks for a takeover by News Corp., will meet with supermarket magnate Ron Burkle as Dow Jones explores its options, a source familiar with the situation said on Sunday.

ICE seen at risk of overpaying if raises CBOT bid

The IntercontinentalExchange Inc. may still raise its bid for the Chicago Board of Trade, even at the risk of overpaying, after rival suitor Chicago Mercantile Exchange Holdings Inc. sought to deliver a knockout blow.

VW mulls N. America plant due to dollar weakness

Volkswagen, the world's fourth-largest carmaker, is considering building a new North American factory if the dollar stays weak, Chief Executive Martin Winterkorn said in an interview with German magazine Focus.

Hilton's Rich Deal

Blackstone's big payout for the hotel chain shows buyout firms are still confident about debt financing for the right properties.

UBS draws veil over reasons for Wuffli's departure

Traders said it may be linked to the embarrassing closure of a hedge fund earlier this year.

Bank of America to stand trial over Parmalat

Milan judge has ordered Bank of America to stand trial for alleged market-rigging by some of its employees in connection with Italian dairy firm Parmalat's collapse.

Gold steady, Tokyo dips ahead of U.S. data

Gold was steady on Friday ahead of the release of U.S. payrolls data, while Tokyo futures shed the previous day's gains to track losses in New York.

Fast Retailing going global with Barney's Bid

Fast Retailing's surprise $900 million bid for Jones Apparel Group's Barneys New York underscores the Japanese clothing retailer's dream to become a global player and find growth outside its mature home market.

Jones gets rival $900 million bid for Barneyâ€™s unit

Jones Apparel Group has a new, bigger bid for its Barneyâ€™s unit.

CVC to buy Samsonite for $1.1 billion

Luggage company Samsonite Corp. said it agreed to be acquired by CVC Capital Partners Ltd. For $1.1 billion on Thursday.

Hilton shares jump 26 pct. on Blackstone bid

Shares of Hilton Hotels Corp. skyrocketed in Thursday trading after the hotel firm said late Tuesday to be acquired by private equity giant Blackstone Group for $26 billion, including debt.

Jones Apparel gets new unsolicited bid for Barneys

Jones Apparel Group Inc. (JNY.N: Quote, Profile, Research) said on Thursday it received an unsolicited bid from Fast Retailing Co. Ltd. to acquire Barneys New York Inc. for $900 million, which tops Jones' existing pact to sell the upscale clothing chain for $825 million.

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