• 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.

  • VANCOUVER, May 7- Singapore- based Woodfibre LNG signed a letter of intent on Wednesday with the province of British Columbia, advancing the company's goal of making its first liquified natural gas shipments to Asia by early 2017..

  • DETROIT, May 7- Tesla Motors Inc, led by billionaire Elon Musk, on Wednesday posted a higher-than-expected quarterly operating profit and the electric car maker said its plans for a new battery plant are on track.

  • May 7- Mondelez International Inc and competitor D.E Master Blenders 1753 are merging their coffee businesses in a deal aimed at taking on market leader Nestle SA. The merger announced on Wednesday will marry Mondelez's grocery coffee brands such as Carte Noire and Gevalia with D.E Master Blenders' L'OR, Pilao and Senseo brands.

  • *Sees 2014 OIBDA of $80- 90 million. *Time Warner financing deals give CME breathing room. PRAGUE, May 7- CME, the central and eastern European broadcaster controlled by Time Warner, expects to return to profit this year as it slowly wins back advertisers after scaling down an ill-fated rise in prices.

  • *Worries that broader sanctions will include Russia corp debt. LONDON, May 7- Confusion over the legal implications of sanctions on Russia and worries about further, harsher restrictions from the West are making investors cautious about owning bonds issued by Russian companies.

  • May 7- Mondelez International Inc and rival D.E Master Blenders 1753, who make Kenco and Douwe Egberts brands respectively, will join up in a deal that creates the world's biggest pure-play coffee company to take on market leader Nestle.

  • SAN FRANCISCO, May 7- Stanford University said on Tuesday it will no longer use any of its $18.7 billion endowment to invest in coal mining companies, a move aimed at combating climate change that could influence college administrations elsewhere.

  • TOKYO, May 7- SoftBank Corp's billionaire CEO Masayoshi Son said his company would not cash in any of its stake in Chinese online retailer Alibaba when it lists in New York in what could be the largest market debut ever by a technology company.