In a moment of candor, Canadian Finance Minister confirmed that the federal government would be open to options as to how to best utilize its 8.5% stake in the Hibernia offshore oil project.
Legal & Regulatory
Top deals of the day - Mergers & Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Wednesday including BNP Paribas, Facebook, Crocs, VTB Capital and Flybe Group.
Apple to be investigated for tax fraud by state of Italy - source
Apple Inc was not a stranger to claims by foreign governments who insisted that the Cupertino, California-based company had used specific accounting practices in order to avoid paying hefty taxes.
Third Plenum Communique creates hope, fosters disappointment in market
Amid the run up to the Third Plenum, many market investors who have waited for the policy direction from the Chinese government had made them either hopeful or disappointed with the communique released by President Xi Jinping.
Private equity firms investing in India seek government action on alleged fraud with portfolio firms
Many local and foreign private equity firms have been seeking the government of India to conduct investigations on alleged fraud and poor corporate standards of some portfolio companies.
Latest News
Petroleos de Venezuela SA is set on selling USD4.5 billion worth of bonds to increase scarce international reserves as well as curb the fastest rising inflation rate in the world.
In finding the termination of the agreement was improperly made, an arbitrator ruled that Starbucks is liable to pay a total of USD2.76 million to Mondelez-Kraft for violating the terms of its contract.
A settlement was reached between representatives of both American Airlines and US Airways Group and the US Department of Justice would pave the way to the approval of the merger.
Rakuten Inc sought court action to stop the passage of the bill to prohibit the over the counter sales of certain drugs over the Internet.
The Carlyle Group announced the closure of the latest collateralized loan obligation, which is the company's way of investing into the market through global market strategies and solutions, real assets and corporate private equity.
Cisco is expected to report higher quarterly profit for its fiscal first quarter of 2014. The report may uncover any evidence of sales pressure from the U.S. federal government shutdown and weakness in China.
The Association of Professional Flight Attendants, representing 16,000 flight attendants at American Airlines, cheered the announcement today that the Justice Department has accepted a settlement in its antitrust suit against American Airlines and US Airways.
U.S. AIRWAYS-NEW AMERICAN AIRLINES AGREED TO MAINTAIN ITS HUBS IN CHARLOTTE, NY, LA, MIAMI, CHICAGO, PHILADELPHIA, AND PHOENIX FOR A PERIOD OF 3 YEARS
Canadian company Saputo Inc's AUD449 million offer for Warrnambool Cheese and Butter Factory Holdings Ltd. has been recommended by the WCB board and subsequently approved by the Australian government.
