LONDON, Dec 13- Kazakh-owned Alliance Bank needs recapitalisation to restore profitability, a process that must involve all its shareholders and bondholders, its CEO said on Friday, as the bank's dollar debt sank to record lows.» Read More
NEW YORK-- Warner Music Group Corp. posted a wider fourth-quarter loss Thursday even as revenue rose thanks to its purchase of Parlophone Label Group, home of artists such as Coldplay and David Guetta. The net loss in the three months through Sept. 30 came to $57 million, compared to a loss of $18 million a year ago.
This year, six well-known U.S. companies, including Take-Two Interactive Software Inc, Yahoo Inc and General Growth Properties Inc, agreed to buy back shares held by activist investors who push for change at corporations they believe to be subpar.
The world's millionaires and billionaires are seeking at-home teachers to help their children in the education race. For the tutors, it's a lucrative business.
BANGKOK, Dec 12- The heads of Thailand's powerful military agreed on Thursday to a weekend meeting with the leader of the movement seeking to overthrow Prime Minister Yingluck Shinawatra, deepening uncertainty about the country's immediate political future.
SANTIAGO, Dec 12- Chilean bank CorpBanca confirmed it had received merger offers but said it would only accept a bid that allows billionaire businessman Alvaro Saieh to retain some control in the bank. Saieh owns about a 55 percent controlling stake in CorpBanca, Chile's fifth-largest and oldest bank, which also has operations in Colombia.
SANTIAGO, Dec 12- Chilean bank and takeover target CorpBanca confirmed on Thursday it had received merger offers from "recognized" banking operators. CorpBanca did not disclose the names of the bidders, but said in a statement that no agreement had yet been reached.
WASHINGTON, Dec 11- John Podesta's return to the White House could dim prospects for the Keystone XL pipeline's approval, environmentalists said Wednesday, as the Democratic Party elder and Keystone critic crafts policies to curb climate change.
TBILISI, Dec 11- The Georgian government said on Wednesday it expected the economy to grow by 5 percent next year, rebounding from an economic slowdown in 2013..
MIAMI-- A $100 million lawsuit has been filed against a Florida billionaire over a 2012 helicopter crash in the Bahamas that killed a prominent tax attorney. The widow of attorney Lance Valdez filed the wrongful death suit Monday in Miami federal court against real estate magnate Jeffrey Soffer.
DETROIT, Dec 11- A decade ago Les Cadman stopped making improvements to his small house in Detroit's declining Delray district because it stood in the path of a proposed bridge to Windsor, Ontario, the bustling Canadian city just across the Detroit River.
CNBC's Robert Frank reports there are now 122 signers of the "Giving Pledge," which is a promise started by Bill Gates and Warren Buffett for billionaires to give away at least half of their wealth. Frank also provides insight into the mystery tipper.
The Bureau of Investigations and Enforcement said its 10- month review did not find any factors that would disqualify MGM from doing business in Massachusetts. The five commissioners will make the final decision on whether to find MGM suitable.
WICHITA, Kan.-- Wichita- based Koch Industries Inc. has completed its $7.2 billion purchase of an Illinois company that makes electronic components and cables. Koch says it is paying $38.50 per Molex Inc. share in cash, plus 18 cents per share, representing a pro-rata portion of the regular quarterly cash dividend.
Dec 9- Time Warner Cable's incoming chief executive Rob Marcus said on Monday he is in no hurry to sell the company, while Charter's CEO Tom Rutledge, a potential suitor, said the smaller company sees benefits in growing through acquisitions.
U.S. auction sales of collectible cars are set to reach an all-time high in 2013. Plus, why a car sold for $100 million is within reach.
LAGUNA NIGUEL, Calif.-- An Olympic gold medal won by Jesse Owens at the 1936 Berlin Games has sold for a record $1.4 million in an online auction. SCP Auctions said Pittsburgh Penguins co-owner Ron Burkle paid $1,466,574, the highest price for a piece of Olympic memorabilia.
BEDFORD, Mass.-- Former Stryker CEO Stephen MacMillan has been named to the top spot at Hologic and the medical device maker put two nominees of activist investor Carl Icahn on its board as part of a settlement Monday. The appointments of Jonathan Christodoro and Samuel Merksamer expand Hologic's board to 11 directors, with 10 of them independent.
Dec 9- NII Holdings Inc, which provides telecom services under the Nextel brand in Latin America, said it would cut more than 1,400 jobs in its market operations and over 25 percent of the workforce at its Virginia headquarters. NII, which operates in Mexico, Brazil, Argentina and Chile, had about 16,100 employees as of December 2012.
NEW YORK, Dec 6- Top U.S. cable provider Comcast Corp has tapped JPMorgan Chase& Co for advice as it evaluates a potential bid for Time Warner Cable Inc, people familiar with the matter said. Representatives for Comcast and JPMorgan declined to comment.
The company, operator of Sears department stores and the Kmart discount chain, has been selling or spinning off assets and closing stores for the past few years to try to turn around its business. Sales have been dropping since Lampert combined Sears and Kmart in an $11 billion deal in 2005..