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Sept 26- RadioShack Corp shareholder Standard General LP said it was in talks to improve the troubled electronics retailer's cash position ahead of the crucial holiday season. Standard General said it also raised its stake in RadioShack to 9.8 percent from 7.08 percent, becoming the company's largest shareholder.
JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue, data showed on Thursday.
China plans to open its markets to foreign investors who have been largely shut out. The New York Times reports.
The assets most likely to benefit from the U.S. dollar's march higher may not be stateside, with analysts looking to Europe and other regions.
T4U, which is controlled by Israel's Fishman Group, hired Bank of America Merrill Lynch, Itaú BBA SA, UBS AG and Citigroup Inc to manage the deal. The IPO plan, the first to be filed in Brazil in about a year, comes at a time when operators such as American Tower Corp expand in Brazil and demand for high-speed internet spurs the construction of thousands of towers.
BERLIN— Swiss bank UBS AG has failed to overturn a bail order for 1.1 billion euros set by a French court in a tax evasion and money laundering case. The Zurich- based bank said it was informed Monday of the appeals court decision, which it said failed to take into account the arguments it put forward.
London’s currency traders are set for a dramatic fall in bonuses, amid FX investigations and low trading volumes, a new report has found.
Improving living standards are creating new investment opportunities in meat, milk and fish products. Simon Smiles, CIO of Ultra High Net Worth at UBS, explains why.
David Heiman, whose law firm Jones Day represents Detroit, told Rhodes that Syncora and the city "have laid down their swords." In a court filing on Monday, Syncora confirmed a "comprehensive settlement" with the city that was still subject to "definitive documentation and resolution of other terms.
Sept 15- RadioShack Corp's chief financial officer resigned, citing personal reasons, amid reports that the cash-strapped electronics retailer was negotiating a financial package to help it avoid bankruptcy. Shares of RadioShack, which last week warned it may seek bankruptcy protection, rose as much as 23 percent on Monday.
RadioShack is evaluating a $585 million financing package led by UBS AG and hedge fund Standard General LP it tries to avert bankruptcy.
Syncora, which pegs its claim at about $400 million, worked out a three-part deal involving city-owned land and contracts.
Sept 12- RadioShack Corp is evaluating a $585 million financing package led by UBS AG and hedge fund Standard General LP as the U.S. electronics retailer tries to avert bankruptcy, the Wall Street Journal reported, citing people familiar with the matter.
WASHINGTON, Sept 12- Wall Street executives may have personally escaped the wrath of the U.S. Department of Justice but executives at companies accused of foreign bribery schemes may not be so lucky.
DETROIT, Sept 11- A federal judge on Thursday ordered ongoing mediation in Detroit's historic bankruptcy over a potential settlement between the city and one of its fiercest creditors, while adding holdout creditor Financial Guaranty Insurance Co to the list of parties whose attendance is required.
Expatriate Americans are renouncing their citizenship in record volumes because of increasingly onerous tax-filing requirements.
Sept 10- Troubled electronics retailer RadioShack Corp, whose shares swung wildly on Wednesday, is being advised by a restructuring attorney at law firm Jones Day as it tries to strike a deal with creditors to close stores while averting bankruptcy, two people close to the matter told Reuters.
Syncora had argued it had been short-changed compared to other creditors. If approved, the deal will see Syncora drop its objection to the restructuring and the trial- which is studying the feasibility of Detroit's plan to exit bankruptcy- could get a swift approval from U.S.
DETROIT, Sept 10- A federal judge on Wednesday put the landmark trial on Detroit's plan to exit bankruptcy on hold until Monday, as the city neared a deal with one of its most formidable hold-out creditors. Syncora, which emerged as Detroit's fiercest opponent in the bankruptcy proceedings, forged a deal that its attorney, Ryan Bennett at Kirkland& Ellis, told U.S.
Several advisers said they had expected a scramble from clients. But the phone has not been ringing off the hook.