Some of the names on the move ahead of the open.» Read More
America's aging energy infrastructure will require massive investment in order to make much needed efficiency improvements, former Exxon Mobil Chief Executive Lee Raymond said on Monday.
Five private equity investors including Blackstone and Singapore state investment firm Temasek are in talks with India's state-owned Life Insurance Corp (LIC) to buy a 15 percent stake in its proposed credit card venture, the Business Standard said on Sunday.
Mortgage insurer MGIC Investment and bond insurer Radian Group agreed to terminate their pending merger, the companies said Wednesday, citing market conditions.
Influential proxy advisory firm Institutional Shareholder Services recommended Monday voting against the takeover of baseball card company Topps by a private equity firm and an investment group led by Michael Eisner, the former chairman of Walt Disney.
Despite ongoing mortgage market turmoil, regulators for Fannie Mae and Freddie Mac have given no signal they will lift a cap on the companies home loan holdings, and opposition to such a move still appears firm within the Bush administration.
Asia-focused bank Standard Chartered beat expectations with a 30% jump in half-year profit on Tuesday and said it would consider more acquisitions to accelerate growth, including in South Africa.
Texas power company TXU, which has agreed to the largest buyout ever, said second-quarter earnings fell due to reduced demand from cooler weather, a planned outage at a nuclear site, and lower pricing.
Cadbury, the world's biggest confectionery maker, reported a drop in first-half profitability amid rising dairy prices and said the sale of its North American soft drinks business was still in the balance.
Industrial conglomerate Ingersoll-Rand posted profit that met Wall Street's expectations Friday, but its shares fell over 4 percent after the Bermuda-incorporated company said U.S. authorities were looking into its past tax filings.