American International Group (AIG) is reportedly believed to file a lawsuit against Morgan Stanley over $3.7bn mortgage-backed securities. The announcement was made in the Morgan Stanley's 10-Q filing with the US Securities and Exchange ...
Tags: AIG, Mortgage-Backed Securities
A year ago, rising domestic property prices would most likely have prompted policymakers to reach into the cupboard and pull out a blanket and smother them. Former premier Wen Jiabao, who stepped down in March, oversaw a nearly ...
Tags: Real Estate Measures
U.S. refiners are selling more fuel abroad than ever before, effectively exporting the American energy boom to the four corners of the world. As crude production soars in places like the Eagle Ford shale formation in Texas, U.S. refiners ...
Tags: U.S.refiners, Mineral
Alfa, a Mexican conglomerate engaged in car parts and petrochemicals, is looking at options to launch an initial public offering (IPO) for its processed foods division Sigma Alimentos. Sigma produces dairy and meat products under Fud and ...
Tags: Sigma Food Unit, Food
The Bay Area Climate Collaborative (BACC) and Eaton’s Cooper Lighting division today announced a collaboration to accelerate the energy-efficient streetlighting market through the Bay Area Next Generation Streetlight Initiative. The ...
Tags: Bay Area, Cooper Collaborate
China's manufacturing activities rose to a six-month high in September, according to a preliminary survey from HSBC. The HSBC Flash Manufacturing Purchasing Managers' Index (PMI) for September rose to 51.2, the highest level since April ...
Tags: manufacturing activities
Canadian smartphone maker BlackBerry has agreed to a US$4.7bn takeover bid from a consortium led by its biggest shareholder, Fairfax Financial. In a statement released today, the company has signed a letter of intent agreement under which ...
Tags: Blackberry, Consumer Electronics, smartphone
Sport Chalet, Inc. is reporting a 2.8 percent sales decrease in its first quarter, which ended June 30, compared to the same period last year. Sales came in at $81.5 million, down from $83.8 million last year. The company's net loss for the ...
Tags: Transportation, bike, Sporting Goods, Recreation
Alcoa's declining market capital and low share price prompted officials with S&P Dow Jones Indices to remove the US aluminum major from its Dow Jones industrial average Tuesday. "Alcoa's market capital was dead last among the 30 ...
Tags: Metallurgy, Mineral, Energy, aluminum
Stock markets in Moscow and copper mines in Chile appear to have little in common. But these are two spots where investors in New York and London have been pumping money borrowed on the cheap to seek out big returns. Aggressive monetary ...
Tags: Tapering Waves
US-based Dole Food has entered into an agreement to be taken private by the company's chairman of the board and CEO David H Murdock, in a deal valued at $1.2bn. Under the agreement, Murdock will pay $13.50 in cash for each share for all ...
First Solar Inc of Tempe, AZ, USA, which makes thin-film photovoltaic modules based on cadmium telluride (CdTe) as well as providing engineering, procurement & construction (EPC) services, has announced the appointment of Sharon Allen to ...
Tags: Solar Appoints, Electrical, Electronics
KapStone Paper and Packaging has completed the previously announced stock purchase of US containerboard manufacturer Longview Fibre Paper and Packaging for $1.03bn. KapStone chairman and chief executive officer Roger Stone said the ...
Tags: KapStone Paper, Packaging
What does it take to shake the Chinese market? If stock turmoil in Shanghai and talk of bank default don't strike fear in the heart of the nation, images of a metropolis falling into a chasm will perhaps do the trick. An image from the ...
Tags: Cash Squeeze, Banks
The London-based business said that the plan to sell its healthcare business – which recorded sales of £427m in 2012 – as part of its longer-term strategy to focus on its core business manufacturing beverage cans. ...
Tags: beverage cans, Packaging, Printing