Business Events


  • Jan 29- Detroit's creditors got their first look Wednesday at the city's proposed plan to adjust its debt and emerge from bankruptcy, though no details were immediately available.

  • Jan 29- WellPoint, the second-largest U.S. health insurer, on Wednesday reported a lower quarterly profit as it took a charge for the sale of its contact lens business, and it said 2014 earnings would also decline. The company forecast earnings of at least $8 per share in 2014, representing a likely drop from the $8.52 it earned in 2013 before special items.

  • Jan 28- CIT Group Inc reported a 37 percent fall in its quarterly profit as the century-old small-business lender booked a charge and earned lower interest income. The company booked a $45 million settlement charge in the quarter related to a dispute with former parent Tyco International Ltd..

  • Rio Tinto in talks to sell Quebec aluminum plant Monday, 27 Jan 2014 | 7:47 PM ET

    Sotrem, a company based in Saguenay, Quebec, that makes aluminum foundry alloys and deox, a type of aluminum used to remove oxygen in steel production, is leading the deal to buy the plant, said Yvon D' Anjou, who is in charge of the project. "We expect to come to a consensus in the next few months," said D' Anjou.

  • Texas Instruments to cut 1,100 jobs Tuesday, 21 Jan 2014 | 5:25 PM ET

    Texas Instruments plans to cut 1,100 jobs worldwide as part of a corporate restructuring intended to help it save $130 million by the end of 2014.

  • Oracle to acquire Responsys in $1.5 billion deal Friday, 20 Dec 2013 | 10:08 AM ET
    Oracle CEO Larry Ellison.

    Oracle announced that it has entered into an agreement to acquire Responsys for $27 a share, or approximately $1.5 billion.

  • Loehmann's department store in the Chelsea neighborhood of New York.

    Loehmann's, the 92-year-old discount clothing chain, has filed for bankruptcy protection for a third time and said it is prepared to sell its assets to a group of liquidators.

  • Asia-Pacific beats Europe in M&A space Thursday, 12 Dec 2013 | 7:53 AM ET

    The Asia-Pacific region has overtaken Europe when it comes to mergers and acquisition, taking second place this year to North America.

  • Hedge fund takes stake in Men's Wearhouse Thursday, 7 Nov 2013 | 1:32 PM ET
    A Men's Wearhouse in New York

    Eminence Capital has taken a 9.8 percent stake in the clothier and will argue to solicit more bids, CNBC's David Faber reported.

  • Fairfax struggles to raise funds for BlackBerry bid Friday, 1 Nov 2013 | 6:05 PM ET

    Fairfax Financial is struggling to raise financing several large lenders turned down its requests, Reuters reported Friday.

  • Do emotions get in the way of M&A deals? Friday, 1 Nov 2013 | 9:29 AM ET

    A 'lack of emotional buy-in' and culture clashes are to blame for deals that fail to live up to their promise, a new report finds.

  • Lenovo looks to sink teeth into BlackBerry: Report Thursday, 17 Oct 2013 | 2:50 PM ET
    The BlackBerry logo sits on the screen of a BlackBerry smartphone.

    Lenovo, the world's largest PC maker, is 'actively looking' into bidding on BlackBerry, Dow Jones reported on Thursday, citing unnamed sources.

  • BlackBerry draws interest of more investors: Report Wednesday, 2 Oct 2013 | 1:49 PM ET

    Ailing smartphone maker BlackBerry has drawn interest of Cerberus, a private equity firm, according to reports Wednesday.

  • Cantor Fitzgerald charity day     Wednesday, 11 Sep 2013 | 1:30 PM ET

    No firm lost more employees than Cantor Fitzgerald on 9/11. CNBC's Mary Thompson reports on the company's charity day that works to raise money for the victims' families. In 2012, the firm raised $12 million. Former New York City Mayor Rudy Giuliani reflects on the day, and the New York City election.

  • M&A set to surge following Vodafone’s bumper deal Wednesday, 4 Sep 2013 | 10:14 AM ET

    Following the confirmation of Vodafone's $130 billion-deal with Verizon on Monday, merger and acquisition (M&A) activity is set to boom according to an upcoming report.

  • Vodafone investors split on best use of windfall Saturday, 31 Aug 2013 | 4:41 PM ET

    Top investors in Vodafone are set to clash over what it should do with perhaps as much as $130 billion in proceeds from the sale of its stake in Verizon Wireless.

  • Carlos Slim threatens to bail on KPN bid Friday, 30 Aug 2013 | 7:15 AM ET

    Carlos Slim threatened to walk away from his $9.5 billion offer to buy the 70 percent of Royal KPN he doesn't already own.

  • Barnes & Noble loss widens, Riggio halts buyout Tuesday, 20 Aug 2013 | 8:47 AM ET
    The Barnes & Noble Nook, left, and the Amazon Kindle Paperwhite.

    Barnes & Noble reported a deeper loss as sales of its Nook device and e-books continued to plunge, and its founder pulled the plug on his plan to buy its stores.

  • Zillow buys into America's most lucrative market Monday, 19 Aug 2013 | 8:38 AM ET

    Zillow is buying the New York City-focused real estate company StreetEasy for $50 million to strengthen its foothold in on one of the country's most lucrative markets.

  • Icahn files lawsuit over latest Dell buyout offer Friday, 2 Aug 2013 | 6:53 AM ET

    Activist investor Carl Icahn is suing Dell to prevent it from changing crucial details of a buyout offer from founder Michael Dell that Icahn stridently opposes.