John Rogers, President and CEO of CFA talks the importance of creating a professional standard in the financial industry.» Read More
Pandas have a very narrow window during the year to mate, said The Carlyle Group co-founder, and their inexperience makes it difficult. "It's like members of Congress. They know what they're supposed to do, but they don't do it quite as well as we'd like."
TOKYO, Dec 12- Suntory Holdings Ltd plans to raise up to $6 billion in an initial public offering of its food and non-alcoholic beverage unit, sources with knowledge of the matter said, as the Japanese group aims to expand overseas.
Dec 11- Solar panel installer SolarCity Corp has postponed its initial public offering scheduled to price on Tuesday, according to an underwriter and a market source. The San Mateo, California- based company had intended to price 10.1 million shares at a range of $13 to $15.
The San Mateo, California- based company had intended to price 10.1 million shares at a range of $13 to $15.
Dec 11- Farming equipment maker AGCO Corp forecast a 2013 profit mostly above Wall Street's expectations, citing growing sales in South America. The company, which competes fiercely with rival Deere& Co, expects 2013 earnings per share of $5.50 to $5.75 per share.
Dec 11- Canadian department store operator Hudson's Bay Co reported a steeper loss from continuing operations on Tuesday as it made its first quarterly report since returning to the public market in November and initiated a quarterly dividend.
Dec 11- Dollar General Corp posted higher quarterly profit on Tuesday and remained cautious for the rest of the year despite an encouraging start to the holiday season, as customer confidence and spending were under pressure and it faced challenges from competing discount chains.
Treasury is selling its remaining stake in insurer American International Group Inc, bringing an end to government ownership of the company about four years after a $182 billion bailout.
Japan's Renesas Electronics, the world's biggest maker of microcontroller chips, was thrown a lifeline on Monday after gaining 150 billion yen ($1.8 billion) in a government-led bailout.
Diamond Foods Inc reported a higher-than-expected fourth-quarter profit on Friday, excluding costs related to an accounting probe and earnings restatement.
Dec 7- Diamond Foods Inc reported a higher-than-expected fourth-quarter profit on Friday, excluding costs related to an accounting probe and earnings restatement. On a net basis, the maker of Emerald nuts and Kettle chips posted a loss of $32.9 million, or $1.52 per share, in the three months ended July 31.
Dec 7- Bank of Nova Scotia's quarterly profit rose 31 percent, just beating estimates, as wholesale banking income surged, while international banking was boosted by an acquisition. The bank, known as Scotiabank, said on Friday it earned C $1.52 billion or C $1.18 a share, in the fiscal fourth quarter ended Oct. 31.
Dec 7- Bank of Nova Scotia's quarterly profit rose 31 percent, driven by strong gains in wholesale and international banking. The bank, known as Scotiabank, said on Friday it earned C $1.52 billion or C $1.18 a share, in the fiscal fourth quarter ended Oct. 31.
Richard Beacon, managing director at City Beacon talks to CNBC about counseling in the City of London and the record number of calls they are receiving from stressed out workers.
PARIS, Dec 7- France's finance minister said on Friday it was too early to speculate on his potential candidacy to replace Jean-Claude Juncker as the new chairman of euro zone finance ministers, but did not rule himself out.
HONG KONG, Dec 7- Shares in Chinese state-owned insurer PICC Group surged nearly 8 percent in its Hong Kong trading debut on Friday, a rare bright spot in an otherwise dismal year for initial public offerings in the city and most other big regional markets.
Dec 6- McGraw-Hill Companies Inc said it will pay a special dividend of $2.50 a share before year-end and will drop its previously announced plan to buy back up to $200 million more of stock this year. McGraw-Hill expects to receive $1.9 billion in after-tax proceeds from that sale. McGraw-Hill had 278 million shares of stock outstanding as of Oct. 15.
TORONTO, Dec 6- Canadian Imperial Bank of Commerce reported a 13 percent increase in quarterly earnings on Thursday, slightly ahead of estimates, but the bank's shares declined on concerns the profit gain will be difficult to replicate in coming quarters.
LJUBLJANA, Dec 6- Slovenia believes it can save its troubled banks and avoid a bailout even if it does not enforce a law to set up a bad bank, but acknowledges it would have to seek help next year if that plan fails, its finance minister said on Thursday.
Dec. 13-14- Merkel attends summit of EU leaders in Brussels, with banking reforms in the euro zone topping the agenda. EUROPEAN UNION: Dec. 12- Meeting of all EU finance ministers in Brussels to try to reach agreement on plans for pan-EU banking supervision.