Steven A. Cohen has received a subpoena to testify before a grand jury in the government's insider trading investigation into his hedge fund, the NYT reports.» Read More
Dish Network has made an unsolicited offer to buy Clearwire for about $2.28 billion, trumping an offer by Clearwire shareholder Sprint Nextel and potentially interfering with Softbank plan to take a majority stake in Sprint.
Jan 8- Dish Network Corp has made an unsolicited offer to buy Clearwire Corp for about $2.28 billion, trumping an offer by Clearwire shareholder Sprint Nextel Corp and potentially interfering with Softbank Corp's plan to take a majority stake in Sprint.
Jan 8- Aereo, the Internet TV startup backed by the media company run by billionaire Barry Diller, has raised $38 million and will expand to 22 U.S. cities including Chicago, Houston and Miami. Diller is chairman of IAC, which led the latest investment round along with Highland Capital Partners.
SAO PAULO, Jan 8- Brazil's tax agency has in recent weeks slapped more than $3 billion in fines on leading companies which it says owe back taxes, in what some experts describe as an aggressive play for cash as the government struggles to meet its budget targets.
The Umbria- based business, also known for its cashmere sweaters, sells the fashionable bracelets for little more than 10 euros, helping it to grow at breakneck speed in defiance of Italy's prolonged recession.
*However, real battle is in uncertain Senate vote. ROME, Jan 8- Italy's election campaign is shaping up as a bitter contest not between right and left but between Silvio Berlusconi and outgoing Prime Minister Mario Monti to win the balance of power after the February poll.
HONG KONG, Jan 8- Hong Kong shares could start lower on Tuesday, after Wall Street retreated from 5- year highs as investors took profits on the new year rally which has driven markets near their most overbought state in more than two years. Elsewhere in Asia, Japan's Nikkei was flat, while South Korea's KOSPI was down 0.2 percent at 0104 GMT.
AMERICAS: Michael Williams+ 1 646 223 5462. EMEA: Simon Robinson+ 44 20 75425458. ASIA: Bill Tarrant+ 65 6870 3821.
CNBC's Robert Frank reports more than a dozen Americans have paid more than a million dollars for the much-hyped super car.
HONG KONG, Jan 7- Hong Kong shares may test 19- month highs on Monday, helped by the banking sector after global regulators gave banks four more years to build up cash buffers so they can use some reserves to help struggling economies grow.
NEW YORK, Jan 3- Al Jazeera's announced plans to establish a new U.S. cable news channel via the purchase of Current TV isn't even 48 hours old and already it finds itself in a vicious battle to retain distribution rights.
MOSCOW, Jan 2- Russia's decision not to ban grain exports after another poor harvest shows its leaders recognise that the embargo imposed after the failed 2010 crop was a mistake.
Subtract the Oracle of Omaha's charitable donations for this past year, and the total of the top 15 donors would be far less than last year’s $2.6 billion.
MOSCOW, Dec 31- Rusal, the world's largest aluminium producer, and the government of Guinea have signed a plan to develop the Dian-Dian bauxite deposit which will involve building an alumina refinery and gradually increasing ore output.
Dec 29- A divided federal appeals court has temporarily barred the U.S. government from requiring an Illinois company to obtain insurance coverage for contraceptives, as required under the 2010 healthcare overhaul, after the owners objected on religious grounds.
Back in May, as the euro zone veered deeper into crisis, Nobel Prize-winning economist Paul Krugman penned one of his gloomiest columns about the single currency, a piece in the New York Times entitled "Apocalypse Fairly Soon".
*Blackstone funds have $550 million with SAC Capital. Three sources said the asset management arm of Blackstone, which has $550 million invested with SAC Capital, is in no rush to redeem money from the Stamford, Connecticut- based hedge fund.
Philippines has ambitions to join Macau and Singapore among the ranks of Asia's top gaming destinations. Buoyed by stellar economic growth, the casino rush is starting.
Dec 26- U.S. Supreme Court Justice Sonia Sotomayor has refused to block enforcement starting next week of a requirement in President Barack Obama's 2010 healthcare overhaul that some companies provide insurance coverage for contraceptive drugs and devices.
MANILA, Dec 27- The two most richly valued companies in the financial and consumer discretionary sectors in Southeast Asia share two things in common- both are controlled by Filipino tycoons and both are building casinos by the azure waters of Manila Bay.