GO
Loading...

Enter multiple symbols separated by commas

Business Events

More

  • Ocwen to cut 140 jobs at Houston Wednesday, 27 May 2015 | 4:59 PM ET

    May 27- Private mortgage servicer Ocwen Financial Corp said it will cut 140 jobs as part of its move to stop residential servicing operations in Houston. Ocwen has sold more than $90 billion of servicing rights since February, which includes $45 billion of mortgage servicing rights to JPMorgan Chase& Co's consumer and commercial banking unit.

  • CHICAGO, May 27- The operating unit of Caesars Entertainment Corp received court approval on Wednesday to remain in control of its bankruptcy for another six months. Bankruptcy Judge Benjamin Goldgar in Chicago allows the country's largest casino operator to pursue its plan for cutting its $18 billion debt without the threat of a rival plan from creditors.

  • May 26- The U.S. Supreme Court ruled on Tuesday that bankruptcy judges can resolve disputes that otherwise would have to be decided in a federal court, in an opinion tied to the legal legacy of the late Anna Nicole Smith. The 6-3 ruling, which stemmed from the Chapter 7 bankruptcy of Richard Sharif of Chicago, recognized the authority of U.S. bankruptcy judges to...

  • Charter-TWC will be 'relatively small': Rutledge Tuesday, 26 May 2015 | 10:42 AM ET

    Charter CEO Thomas Rutledge explains why his company's bid for Time Warner Cable will succeed where Comcast's failed.

  • Charter agrees to buy Time Warner Cable for $55B Tuesday, 26 May 2015 | 9:13 AM ET
    The headquarters for Charter Communications Inc., in St. Louis, Mo., is shown.

    Charter Communications says it will buy Time Warner Cable in a cash-and-stock deal worth $55 billion.

  • May 26- Canadian miner Barrick Gold Corp said it would sell 50 percent stake in its unit that manages the Porgera gold mine in Papua New Guinea to China's Zijin Mining Group Co Ltd for $298 million in cash. The deal, a part of Barrick's plan to reduce net debt by at least $3 billion by the end of the year, comes a day after the world's largest bullion producer sold its...

  • May 26- Canadian miner Barrick Gold Corp said it would sell 50 percent stake in its unit that manages the Porgera gold mine in Papua New Guinea to China's Zijin Mining Group Co Ltd for $298 million in cash. The unit, Barrick Niugini, owns 95 percent in the Porgera mine and the Papua New Guinea owns the rest. After the sale, Zijin and Barrick will jointly control Barrick...

  • REMBRANDT ENTERPRISES TO TEMPORARILY LAY OFF 39 WORKERS AT MINNESOTA EGG FACILITY DUE TO BIRD FLU.

  • WASHINGTON, May 21- Two U.S. Louisiana Senator David Vitter withdrew a proposed amendment to the financial regulatory bill that aimed to end "too big to fail" by requiring certain mega banks to face new 10 percent capital levels. Pennsylvania's Pat Toomey withdrew another proposed change that would have repealed a major provision of the Dodd-Frank Wall Street...

  • SHANGHAI, May 21- China's main stock indexes hit seven-year closing highs on Thursday despite a weak factory activity survey, and intense buying pushed Shenzhen's start-up board ChiNext up more than 3 percent to another record. Chinese factory activity contracted for the third month in May and output shrank at the fastest rate in just over a year, HSBC's China...

  • May 20- General Electric Co's chief on Wednesday gave a faster timeline for the U.S. conglomerate's massive finance asset sale as he more than doubled a target for benefits from its purchase of Alstom's power equipment business. GE, which announced plans last month to sell $200 billion in GE Capital finance assets, now expects to be largely done with the process...

  • LONDON, May 20- British finance minister George Osborne will set out plans on Wednesday to streamline the sale of 23 billion pounds of bank shares and other publicly owned assets by creating a new government-run company. In a speech to business leaders in London, Osborne will highlight the plan as part of a drive to improve Britain's low productivity- which he...

  • Why M&A is on a tear in 2015 Wednesday, 20 May 2015 | 9:36 AM ET
    Handshake M&A mergers

    Dealmaking hit an eight-year high in Q1 as the cost of doing deals remains low and companies chase growth, THL Partners' Scott Sperling tells CNBC.

  • May 20- Drug developer Lpath Inc said it would cut jobs and costs after its experimental eye drug failed a mid-stage study in patients with wet age-related macular degeneration, a leading cause of blindness in the elderly. Lpath, which had about 25 employees as of March 1, according to a regulatory filing, also said it would re-evaluate its research and...

  • Lpath to cut jobs as eye drug fails mid-stage study Wednesday, 20 May 2015 | 8:14 AM ET

    May 20- Lpath Inc said it would reduce its workforce and cut costs as its experimental drug failed a mid-stage study in patients with wet age-related macular degeneration, a leading cause of blindness in the elderly. Lpath's drug, iSONEP, did not show any statistically significant improvement in visual clarity in patients who had not realized enough benefit...

  • BOSTON, May 19- The now-defunct Massachusetts pharmacy behind a deadly 2012 meningitis outbreak that killed at least 64 people will pay out $200 million to its victims and creditors under a bankruptcy reorganization plan approved on Tuesday. The bankruptcy reorganization plan was approved by U.S. Bankruptcy Court Judge Henry Boroff. Deaths of patients...

  • *Ukraine needs dollars, not words, from creditors- PM. KIEV, May 19- Ukraine passed a law on Tuesday that gives the government the right to halt payments to creditors as it wrangles over the terms for restructuring $23 billion of foreign debt. Ukraine is holding talks to restructure sovereign and state-guaranteed debt to plug a $15 billion funding gap, but...

  • KIEV, May 19- Ukraine's Finance Ministry said on Tuesday it would act on a new law allowing the government to suspend foreign debt payments "unless a good faith collaborative" solution could be found, repeating that any deal would require a writedown of principal. However it said it was hopeful a solution could be found and restructuring terms agreed "rapidly" with...

  • DETROIT, May 19- Aston Martin will decide whether add production at another plant by the end of the year and it would likely be in the United States, the British luxury sports car maker's chief executive told Automotive News. CEO Andy Palmer told the industry publication on Tuesday that the U.S. state of Alabama is the "obvious choice" for a new plant to build the...

  • *PM says Ukraine needs dollars, not words, from creditors. Ukraine is holding talks to restructure sovereign and state-guaranteed debt to plug a $15 billion funding gap, but negotiations have soured in the past week, as bondholders repeated objections to any writedown on the principal owed and Kiev said that stance showed a lack of good faith.