NEW YORK/ BOSTON, Aug 20- A few months ago, an innovative partnership between Valeant Pharmaceuticals and billionaire investor William Ackman to buy Botox maker Allergan Inc looked like a blueprint for success.» Read More
*Sears Holdings says it may put Sears Canada up for sale. Sears Holdings, which operates more than 2,300 stores in the United States and Canada, said it will hire an investment bank to explore options for its share of Sears Canada. The move comes as Sears Holdings, which operates Sears and Kmart discount stores, tries to engineer a turnaround.
May 14- Sony Music Entertainment, a unit of Sony Corp, has invested $3 million in music-recognition application maker Shazam Entertainment, a source familiar with the matter said.
WASHINGTON, May 14- U.S. Senate Democrats unveiled legislation on Wednesday to allow millions of Americans with student loan debt to refinance at lower interest rates.
*Sears Holdings says it may put Sears Canada up for sale. May 14- Sears Holdings Corp said on Wednesday that it was considering the sale of its 51 percent stake in Sears Canada Inc, a move that could mean all of the Canadian department store operator goes up for sale.
May 14- Sears Holdings Corp said it was looking to sell its 51 percent stake in Sears Canada Inc and could even put the whole Canadian department store operator up for sale. Shares of Sears Holdings, controlled by hedge fund billionaire Eddie Lampert, rose 8 percent to $46.48 in premarket trading.
BOSTON/ JAKARTA/ MELBOURNE, May 13- Billionaire Tom Steyer has rapidly become one of America's most visible environmental advocates, vowing to punish lawmakers who don't oppose climate change and pledging to spend up to $100 million to put the issue center stage in the Nov. 4 elections.
OSAKA/ TOKYO, May 13- Moves towards legalising casinos in Japan have reignited a debate over the legal status of pachinko, with a potential new tax mooted for a $200 billion gaming industry that has existed for decades on the fringes of the law. With past links to organized crime, pachinko is not classified as gambling, which is illegal in Japan.
NEW YORK, May 12- A jury on Monday found that Texas business brothers Samuel and Charles Wyly committed fraud by creating a secret scheme involving offshore trusts that netted them $550 million in illegal trading profits.
It also followed years of litigation and investigation by the SEC and other authorities of the Wylys, who acknowledged creating a maze of trusts in the Isle of Man in an effort to obtain tax benefits. They included Sterling Software Inc, Michaels Stores Inc, Sterling Commerce Inc, and Scottish Annuity& Life Holdings Ltd, now called Scottish Re Group Ltd..
HONG KONG, May 12- Hong Kong shares posted their highest gain in seven weeks on Monday, boosted by local property developers amid speculation the government may relax the city's stamp duty rules.
May 9- Few if any of the big U.S. pension or college endowment funds appear ready to follow in Stanford University's footsteps and pull their money out of shares of coal miners or other fossil fuel producers.
BOSTON, May 9- Like father, like son. The father and son duo have been laying the groundwork for months and Carl Icahn recently mentioned it quietly to some deep-pocketed friends who may want to commit cash, said the sources, who were prohibited from discussing the plan publicly.
*Likely gainers: Kalyani Steels and JSW Steel. *Likely losers: Sesa Sterlite and Essel Mining. NEW DELHI, May 9- When Indian prime ministerial hopeful Narendra Modi asked at an election rally if anyone knew of a country that exported wheat but imported bread, steelmakers joined his followers to cheer.
*Main opposition party says Sri Lanka has no real licences. COLOMBO, May 9- Sri Lanka will not oppose the casino planned for a $400 million mixed-use resort being developed by Australia's Crown Resorts Ltd if it is operated using an existing license held by a local partner, a top government official said on Thursday.
ATHENS, May 8- Top Greek lender National Bank priced an offering of new shares at 2.20 euros each after books closed on Thursday as it aims to raise 2.5 billion euros, an official at the bank told Reuters.
May 8- Deal-making drugmaker Valeant Pharmaceuticals International Inc, together with activist investor Pershing Square, plan to push for changes on the board of Allergan Inc, which Valeant hopes to acquire.
HONG KONG, May 8- Billionaire brothers Thomas and Raymond Kwok, co-chairmen of Asia's largest developer, Sun Hung Kai Properties Ltd, pleaded not guilty on Thursday in Hong Kong's biggest corruption case since the anti-graft agency was formed 40 years ago.
HONG KONG, May 8- Thomas and Raymond Kwok, the billionaire co-chairmen of Sun Hung Kai Properties Ltd, Asia's largest developer, went on trial on Thursday in Hong Kong's biggest corruption case since the city's anti-graft agency was formed nearly 40 years ago.
DETROIT, May 7- Tesla Motors Inc, led by billionaire Elon Musk, on Wednesday offered an outlook for the second quarter that disappointed some investors, sending shares down 7 percent in after-hours trading. The Palo Alto, California- based company reported a first-quarter net loss of almost $50 million, compared with last year's first-ever quarterly profit.
DETROIT, May 7- Tesla Motors Inc, led by billionaire Elon Musk, on Wednesday said plans for its new lithium-ion battery plant were on track but its outlook for the second quarter disappointed some investors, sending shares down more than 6 percent in after-hours trading.