Europe is seeking to agree by year-end on how to close failing banks, part of an ambitious plan to create a single banking framework.» Read More
An "accommodative" monetary policy is still appropriate for the European Central Bank, ECB President Mario Draghi has said.
June 25- Walgreen Co reported weaker-than-expected quarterly results on Tuesday, citing slow front-end sales and a challenging economy. Walgreen, the biggest U.S. drugstore chain, earned $624 million, or 65 cents per share, in the fiscal third quarter ended May 31, compared with a profit of $537 million, or 62 cents per share, a year earlier.
June 24- Neiman Marcus Inc filed registration papers on Monday for an initial public offering as its private equity owners eye an exit for their long-held investment in the luxury department store operator.
June 24- Luxury department store operator Neiman Marcus Inc filed registration papers with U.S. regulators on Monday for an initial public offering of up to $100 million. The chain, which operates 41 namesake departments stores, Bergdorf Goodman and a chain of lower-price outlet stores, will not receive any proceeds from the IPO, according to the prospectus.
Apple added a caveat to CEO Tim Cook's one-time stock award: They're tying it, in part, to the performance of the stock, which is down 42 percent from its high above $700.
June 21- Jefferies& Co will provide $5.2 billion in term loans to back Carl Icahn's bid for computer manufacturer Dell Inc, sources told Thomson Reuters LPC. The $5.2 billion is split between a $2.2 billion six-year term loan B-1 and a $3 billion three-year term loan B-2.
ST PETERSBURG, Russia, June 21- The International Monetary Fund hopes to reach a deal with Greece in July to extend fresh credit, after a time-out in talks for the government in Athens to review its economic strategy, First Deputy Managing Director David Lipton said.
June 21- Blackstone Group LP is interviewing investment bankers for a proposed initial public offering of its neighborhood shopping center company, Brixmor Property Group Inc, according to two people familiar with the process.
June 21- Dell Inc's billionaire founder Michael Dell said he would oppose any leveraged recapitalization of the company and called on stakeholders to vote in favor of his buyout offer, ahead of a shareholder meeting next month.
*U.S. energy companies Hess Corp and Newfield Exploration Co have launched two separate auctions to sell part of their Asian oil and gas field stakes that have a combined value of about $3 billion, people familiar with the matter said.
HONG KONG, June 21- Casino owner Macau Legend Development Ltd postponed an up to $786 million initial public offering in Hong Kong, sources said on Friday, the latest casualty of volatile global markets which could claim other IPO hopefuls in the region.
*Germany says euro zone investment in Irish banks "not excluded". LUXEMBOURG, June 20- Euro zone finance ministers on Thursday agreed on how its bailout fund can invest in troubled banks, but imposed so many conditions that they may not completely succeed in their goal of separating problem banks from their indebted home countries.
NEW YORK, June 20- Sprint Nextel Corp raised its buyout offer for Clearwire Corp to $5 per share on Thursday, trumping a $4.40 per share offer from Dish Network Corp.. Clearwire changed its recommendation in favor of the Sprint offer after the price increase and postponed a June 24 shareholder vote until July 8.
June 20- Kroger Co, the biggest U.S. supermarket operator, reported higher first-quarter profit on Thursday and raised its forecast for the year, citing strong sales.
June 20- Eastman Kodak Co said on Thursday that it had reached a $895 million financing deal with three Wall Street banks that will help fund its rebirth as commercial imaging business after the former film pioneer emerges from bankruptcy.
LUXEMBOURG, June 20- Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, a long-promised move that aims to break a downward spiral between bad banks and their indebted home countries.
SandRidge Energy's board of directors removed the energy company's founder and chief executive after a months-long struggle with activist investors.
June 20- Kroger Co, the biggest U.S. supermarket operator, on Thursday reported an increase in quarterly profit and raised its annual profit forecast. Kroger's net income for the first quarter ended May 25 rose to $481 million, or 92 cents per share, from $439 million, or 78 cents a share, a year earlier.
June 20- Rite Aid Corp, the No. 3 U.S. drugstore chain, posted its third consecutive quarterly profit on Thursday, helped by sales of higher-margin generic drugs. Rite Aid, which trails Walgreen Co and CVS Caremark Corp in size, has been remodeling stores and emphasizing its loyalty program to attract customers.
*Hirai says Sony's board will consider Third Point's proposal carefully. TOKYO, June 20- Sony Corp shareholders pressed its chief executive on Thursday for a response to a proposal by hedge fund Third Point to spin off its profitable entertainment business, aiming to invigorate its struggling electronics business.