After due investigation, the special committee finds no breach of fiduciary duty conducted by the board of directors of Lufkin Industries for the GE deal.
Legal & Regulatory
Settlement Reached For Copano Acquisition
Copano Energy announced today that the company has reached settlement for the claims that have risen from the acquisition of KMP last May 1.
Sources: RBS determines branch sale plan in July
European regulators directed RBS to sell its 315 branches next month corresponding to the state's terms in rescuing it.
Brevan Howard trader involved in Libor probe exits hedge fund
Brevan Howard's trader who was supposedly involved in Libor investigation left the hedge fund. (Photo : Reuters)Citigroup official logo On Thursday, hedge fund, Brevan Howard, disclosed that it lost a trader who is supposedly associated with a large scale rate-rigging scandal.
Justice Department to Investigate American-US Airways Merger
The US Justice Department investigated the planned merger of American Airlines and US Airways, a deal which is expected to be completed by end of September.
Latest News
According to an IFR report, UK mutuals may not be able to survive the tough new regulations imposed by UK authorities.
The Chinese securities regulator grants mutual fund licenses to HSBC and Citigroup. (Photo : REUTERS)Banking group HSBC has settled a case brought by a fund over losses it suffered during the collapse of fraudster Bernie Madoff's financial empire, potentially paving the way for more claims against fund custodians.
According to the German antitrust regulatory authority, the ownership of other service providers would delay and hamper Liberty Global's purchase of Kabel Deutschland.
Former director of Bumi Rosan Roeslani will be paying the company $201 million. (Photo : Reuters)The image is a Indonesian money held by a woman. Bumi Plc.
A pending bill in the New York Assembly endangered Tesla's New York operations. Tesla Motors Inc. , Elon Musk's electric car manufacturer, stated that the New York's Assembly has set asie a bill that could potentially shut down its New York business.
The Chief Financial Officer of Las Vegas Sands, Kenneth Kay will step down from office effective July 31.
MTS had entered into a compromise regarding ownership of Bitel. (Photo : Reuters)The image is the facade of a shop of one of the bidders for Tele2, MTS.
Samsung and Apple continue their battle for dominance with mobile patents which may possibly result to a $17.3 billion fine for Samsung.
The Intercontinental Exchange (ICE) was given unconditional approval to acquire NYSE Euronext for US$8.2 billion.
