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Deutsche Bank, Germany's biggest bank, is planning on an acquisition in central Europe to complement its global transaction business, the group's global banking business head said Wednesday.
The Supreme Court handed Wall Street underwriters a major victory Monday by ruling that an antitrust lawsuit against them over the pricing of initial public stock offerings (IPOs) cannot go forward.
Blackstone Group's much-awaited initial public offering is set for the week of June 25, underwriters said.
Four international banks were indicted in Milan Wednesday on charges related to the 2003 failure of the Parmalat dairy empire, Europe's largest corporate bankruptcy.
As Congress, the FDA and the drugmakers wrestle with what appear to be impending warnings about the safety of Avandia, investors are wrestling with estimates of the collateral damage to this multi-billion dollar GlaxoSmithKline franchise. Some say it's the next Vioxx and that investors have priced into the stock a high likelihood that GSK will eventually pull the drug from the market. Others compare it to what happened with Pfizer's painkiller Celebrex in the wake of the Vioxx withdrawal.
Swiss bank UBS agreed to pay Enron creditors $115 million in cash to settle a lawsuit related to equity transactions, the successor to the bankrupt energy trader said on Wednesday.
Ernst & Young and Deutsche Bank could face monetary sanctions rather than criminal charges in a U.S. tax shelter probe, The Wall Street Journal reported on Thursday, citing unnamed sources.
Dutch chip equipment maker ASML said on Thursday it will return about 960 million euros ($1.3 billion) to shareholders in combination with a reverse stock split to optimize its capital structure.
So, let's start with GlaxoSmithKline's Avandia. The stock is rebounding a little bit today after the pummeling it took yesterday. Once again, the New England Journal of Medicine study saw an "embargo break" by another media outlet. That means the news hit in the middle of the trading day yesterday, catching just about everyone by surprise. The embargo was supposed to have lifted at 5 p.m. ET yesterday, which would have given all of the stakeholders -- chiefly Glaxo -- the ability to issue their prepared press releases at the same time.
British music company EMI agreed to a 2.4 billion pounds ($4.73 billion) cash takeover from private equity group Terra Firma on Monday in what could be a final snub to long-term suitor and rival Warner Music Group.
New speculation puts the Citigroup (C) firings at a possible 45,000 - that's 14% of the world's largest financial institution's workforce. Is a move of this magnitude enough to jump start a stock that's gone nowhere in seven years, or will CEO Chuck Prince find himself on the chopping block?
New Century Financial on Monday filed for Chapter 11 bankruptcy protection and said it would cut 3,200 jobs, or 54% of its work force, in the biggest collapse of a mortgage lender in the U.S. housing downturn.
Britain's Barclays hired Citigroup as an advisor on its bid talks with ABN AMRO, sources familiar with the matter said on Wednesday, effectively ruling the U.S. group out of counterbidding for the Dutch lender.
As CNBC.com reported earlier today, the U.S. Securities and Exchange Commission is investigating whether or not some Wall Street banks are leaking privy information from one client to gain favor with another. But is this illegal? Depends upon whom you talk to.