Nearly two dozen senators urged careful review of the Smithfield-Shuanghui deal stating issues on national security and increased foreign ownership of US foodmakers.
Legal & Regulatory
China Allays Banking System Liquidity Fears
The chairman of the Chinese Banking Regulatory Commission allays fears of liquidity issues saying that the system has sufficient funds to cover all settlements.
Cohen Remains Silent as SAC Executives Meet Prosecutors
SAC Capital’s Steven A. Cohen invoked his right to the Fifth Amendment after being summoned to testify before a grand jury about insider trading in his company.
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.
Latest News
A high profile lawsuit was filed against venture capital firm Kleiner Perkins Caufield & Byers by an ex-partner with allegations on harassment, retaliation and discrimination.
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.
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.
