Kohlberg Kravis Roberts and Goldman Sachs will cancel their $8 billion takeover for Harman International Industries, but will invest $400 million in convertible notes that the audio systems maker will use for a stock buyback, the companies said Monday.
Industrial and Commercial Bank of China, the country's largest bank, plans to open branches in Doha, Dubai, Moscow and Sydney, Chairman Jiang Jianqing said on Wednesday.
Debt-strapped video rental chain Movie Gallery said on Tuesday it filed for Chapter 11 bankruptcy protection in a move to slash debt by some $400 million and cut costs.
Biogen Idec, which has put itself up for sale, may get bids of around $25-30 billion from several of the world's top drugmakers keen to expand in the hot area of biotech medicine.
Biogen Idec, which makes the multiple sclerosis drugs Avonex and Tysabri, said onFriday that it has put itself up for sale.
Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The Street is anxiously waiting to hear from Citigroup (C) Monday. What will the behemoth bank’s quarterly earnings reveal and what’s the trade ahead of the data?
A group of nine Wall Street banks has agreed to pay $280 million for a minority stake in Thomson's TradeWeb, an online market for bond trading, the Wall Street Journal reported on Thursday, citing sources.
India's Infosys Technologies said quarterly profit rose 18%, in line with forecasts, but its shares fell 7% on investor concern over a rising rupee, soaring wages and a U.S. slowdown.
Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Goldman Sachs said on Friday it plans to bid for all shares in Tokyo-based property investor Simplex Investment Advisors, valuing it at 156.95 billion yen ($1.35 billion).
Alibaba.com, China's largest e-commerce company, has won approval from the Hong Kong Stock Exchange for a long-anticipated IPO expected to be worth roughly US$1 billion, sources familiar with the deal said.
Goldman Sachs Group, which recently said it saw opportunities in the beaten-down mortgage industry, is in talks to buy the subprime servicing business of Credit-Based Asset Servicing and Securitization, people familiar with the situation said.
The private-equity buyers of Acxiom have reached a settlement to break off their proposed $2.25 billion acquisition of the data-management company, according to people familiar with the situation.
You can hear the collective sigh of relief as Wall Street gets ready to slam the books on the third quarter today. It's hard to believe after all that rocking and rolling, but the Dow is up 3.8% for the quarter, as of yesterday's close. The S&P 500 is up 1.9% and the Nasdaq, high on a tech rally, is up 4%.