Business Events


  • Detroit sues retirement funds to void pension debt Friday, 31 Jan 2014 | 6:02 PM ET

    Jan 31- Detroit on Friday sued its two retirement systems in U.S. Bankruptcy Court, seeking to invalidate $1.45 billion of debt sold in 2005 and 2006 to fund public worker pensions, according to a court filing.

  • NEW YORK, Jan 31- LightSquared Inc and its various creditors are in talks to devise a consensual plan to restructure the wireless company's assets and end its bankruptcy, the company told a judge on Friday.

  • NEW YORK, Jan 31- Wal-Mart Stores Inc Friday cut its quarterly profit outlook because of a host of issues, including reduced food stamp benefits and the restructuring of Sam's Club's in the United States and the closing of stores in Brazil and China.

  • NEW YORK, Jan 31- Wal-Mart Stores Inc said on Friday that bad weather and reduced food stamp benefits in the United States had dragged down comparable-store sales in the fiscal fourth quarter, more than offsetting a positive bump from the holiday season.

  • NEW YORK, Jan 31- Wal-Mart Stores Inc shaved its quarterly and fiscal-year outlooks to account for special items, including those tied to its store closures in Brazil and China and its Sam's Club restructuring in the United States. Wal-Mart said it had closed about 50 stores in Brazil and China.

  • 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.