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Rajaratnam's Brother Drew Scrutiny
Wed, 25 Nov 2009 08:51:03 EST Before authorities began wiretapping hedge-fund manager Raj Rajaratnam, they were already interviewing him about another topic of interest: a hedge fund run by his brother.--> Saab Faces Scrapheap as Sale Fails Wed, 25 Nov 2009 07:04:12 EST GM's Saab brand could be headed for the junkyard after the auto maker's plan to sell it to Koenigsegg collapsed.--> Dubai World Seeks Debt Standstill Wed, 25 Nov 2009 10:02:08 EST Debt-laden Dubai said it would restructure Dubai World, a conglomerate spanning real-estate and ports, and announced a six-month standstill on the company's debt.--> AIG CEO Signs Noncompete Deal Wed, 25 Nov 2009 09:41:30 EST Robert Benmosche, chief executive of AIG, reiterated to the company's board his commitment to the government-controlled insurer and signed a noncompete agreement--> U.K. Banks Win Overdraft Ruling Wed, 25 Nov 2009 07:37:23 EST Some of the U.K.'s biggest banks will continue to be allowed to set their own prices on charges for customer overdrafts after a surprise verdict by a U.K. court.--> Three Walgreen Board Members to Retire Wed, 25 Nov 2009 09:39:14 EST Walgreen said a trio of board members, including 46-year veteran Charles Walgreen III, won't stand for re-election at the drug-store chain's annual meeting in January.--> Qatar Projects to Boost Shell Wed, 25 Nov 2009 06:14:40 EST Royal Dutch Shell's two huge natural-gas projects in Qatar will increase the company's cash flow by $4 billion a year.--> Toyota to Fix Pedal on Recalled Cars Wed, 25 Nov 2009 09:42:25 EST The auto maker said would fix the gas pedal on four million vehicles it recalled in September over sudden acceleration issues related to floor mats causing the pedal to get stuck.--> Tiffany Raises Outlook Wed, 25 Nov 2009 09:42:09 EST Tiffany's third-quarter earnings fell 1% as lower costs nearly offset sales declines. The upscale jeweler boosted its view for the year.--> Deere Posts Loss, Revenue Falls 28% Wed, 25 Nov 2009 07:43:11 EST Deere swung to a fourth-quarter loss as it booked $364.8 million in charges largely related to a write-down at its landscapes unit. Revenue slid 28%. The company expects equipment sales to continue falling.--> Porsche Forecasts Loss for 2010 Wed, 25 Nov 2009 08:55:12 EST Porsche said its net debt ballooned to $17.06 billion in fiscal 2009 as its bid to buy Volkswagen backfired amid tightening credit markets.--> Commerzbank Sees Higher Deal Savings Wed, 25 Nov 2009 08:11:04 EST Commerzbank said it is on track to hit its 2012 revenue and earnings targets and that cost synergies from its takeover of Dresdner Bank will beat earlier expectations.--> Facebook Holders Tighten Their Grip Tue, 24 Nov 2009 22:57:04 EST Facebook has established a dual-class stock structure, a move that helps lay the groundwork for an eventual IPO.--> Some Jewelers See Sparkle in Shakeout Tue, 24 Nov 2009 23:47:09 EST Major jewelry retailers are expecting a little more sparkle this holiday after a shakeout reduced the number of competitors.--> Calpers Weighs Booting BlackRock Wed, 25 Nov 2009 00:23:27 EST Calpers is leaning toward dumping BlackRock as a real-estate adviser after the firm steered the California pension fund into a disastrous apartment-complex investment.--> Clothing Retailers See Gains Ahead Tue, 24 Nov 2009 23:46:35 EST J. Crew Group forecast a strong fourth-quarter profit and American Eagle said it is increasing inventory for the quarter.--> Microsoft's Finance Chief to Leave Tue, 24 Nov 2009 22:11:47 EST Microsoft said its chief financial officer, Chris Liddell, plans to leave the software giant by the end of the year to look for a new job.--> Ericsson to Buy Nortel's U.S. GSM Business Wed, 25 Nov 2009 05:29:49 EST Ericsson said it will buy Nortel Networks' GSM business in the U.S. and Canada for $70 million, having bought the bulk of its second-generation mobile networks as well as newer network technology earlier this year.--> CapitaMalls Shares End Higher on Debut Wed, 25 Nov 2009 06:40:53 EST Shares of CapitaMalls Asia, Singapore's largest initial public offering in 16 years, ended 8.5% higher on their debut.--> ABN Amro Posts Net Loss Wed, 25 Nov 2009 05:10:36 EST ABN Amro, which is jointly owned by RBS, Santander and the Dutch government, reported a third-quarter net loss and reiterated that it expects to separate its RBS businesses in the first-quarter of next year.--> TPG Gets $620 Million Tax Bill Wed, 25 Nov 2009 00:03:39 EST Australia is pursuing more than $620 million in taxes and penalties from TPG, relating to TPG's initial public offering of department-store chain Myer.--> Rising Competition Hurts LSE Wed, 25 Nov 2009 07:51:58 EST The U.K. exchange operator posted a 40% fall in first-half net profit as its share in equity trading fell, and said market conditions remain uncertain in the near term.--> Washington Post Shuts Bureaus Wed, 25 Nov 2009 09:19:16 EST The Washington Post is closing its news bureaus in New York, Los Angeles and Chicago, leaving no U.S. bureaus outside of the Washington, D.C. area.--> TiVo Loss Is Narrower Than Expected Tue, 24 Nov 2009 22:40:28 EST TiVo swung to a narrower-than-expected loss for its fiscal third quarter from a year-earlier profit, when results were boosted by $87.8 million in litigation proceeds related to Echostar.--> France T él écom, TDC Merge Swiss Operations Wed, 25 Nov 2009 03:24:59 EST Danish telecommunications provider TDC and France Télécom said they have agreed to merge their Swiss operations in a move to tackle rival and Swiss market leader Swisscom.--> Time Warner Cable Fights Broadcasters' Fees Wed, 25 Nov 2009 02:20:20 EST Time Warner Cable is planning to launch an advertising campaign to persuade consumers that TV-programming costs are getting too high, as the cable operator squares off with News Corp. and other TV-network owners.--> Booksellers Remain Anxious Tue, 24 Nov 2009 23:02:38 EST Borders and Barnes & Noble posted downbeat results and expressed fear the weak economy will keep shoppers from stores despite offerings from well-known authors.--> Lending Falls as Bank Jitters Persist Wed, 25 Nov 2009 00:30:12 EST The FDIC said loan balances fell 3% in the third quarter, the biggest decline since data collection began in 1984, as bank jitters persisted.--> Corning Seeks Acquisition Targets Wed, 25 Nov 2009 03:36:18 EST Corning is confident revenue in the current fourth quarter will come in at more than $1 billion. It has about $3 billion in cash and is seeking more acquisition targets.--> Lightcap to Head Disney Channel Globally Tue, 24 Nov 2009 21:49:53 EST Walt Disney named Carolina Lightcap as the new president of Disney Channel Worldwide.--> |
