US regulators finally approved the acquisition bid from SoftBank Corp to take control over Sprint Nextel.
Legal & Regulatory
Pensions in Bad Shape, Says New Accounting Rule
According to a new accounting rule, pensions were in bad shape. According to a new accounting rule that would take effect next year, US pensions were only 60% funded in 2012.
ICI Reported Rise In Money Market Mutual Funds
ICI reported to the Federal Reserve a rise in total money market mutual funds The Investment Company Institute (ICI) issued a report for money market mutual funds assets: "Total money market mutual fund assets increased by $12.
NY DFS to Foreign Reinsurers: Are You Linked to Iran?
NY DFS sent a letter to foreign reinsurers asking if they were linked with Iran. The New York's Department of Financial Services sent a letter, dated June 25, to 20 non-US reinsurers of any business transactions they had with entities linked to Iran.
China: Credit Cut off to Rebalance Economy
Friday last, China announced that it would cut off credit to force consolidation in industries. Last Friday, China announced that it would cut off credit to force consolidation in industries.
Latest News
Nokia's Standard & Poor's rating plummeted further in the junk territory. (Photo : reuters. com)Nokia, Finnish Telecom company SGV claims that Nokia is in no position to buy Siemens shares.
A group of wheat growing states joined the US Justice Department antitrust division in investigating a proposed joint venture by ConAgra Foods Inc and Horizon Milling.
The European Union and China hope to defuse conflicts by negotiating about a solar panel deal. On Friday, the European Union and China were finally moving in the direction of a new contract.
Credit Suisse estimated that they will receive US$94 Million hits from UK tax deal Credit Suisse forecasted that they are expecting a loss of CHF90 million or something in the area of US$94.
China probes Tetra Pak for possible market dominance China probes Tetra Pak, the world renowned Switzerland-based food-packaging company for any possible abuse when it comes to market dominance.
Because of the strong commitments to European Central Bank and Bank of England's easy money policies, Japan's Nikkei share average soared to a five-week high.
To deter future thieves in the industry, a judge sentenced an accused investment broker for 12 years in prison.
Manila Water Company's (MWC) stock prices plummeted after a week since it was reported that the water regulator was letting its consumers pay for its taxes.
Lanco Infratech Ltd. (LANCI), an Indian power conglomerate still remains optimistic about its Australian mining business, despite being caught up with liquidation proceedings for tax problems.
