Morgan Stanley files petition to prohibit former brokers to reach out to current staff in their old office.

Cisco is seeking EU intervention on its claims of monopolistic effect of Microsoft's purchase of Skype.

EFES is affected by law passed by the Turkish government. The largest beermaker in the Middle East is being buffetted in the world's credit markets at the same time Turkish Prime Minister Recep Tayyip Erdogan has been clamping down on sales of alcohol and its attendant advertising.

Singapore Exchange is expanding its market by opening a menu of services for yuan denominated transactions.

According to findings by the NY Atty General's office, banks have violated the servicing standards agreement for foreclosures agreed upon last year.

Peru's president said he would be implementing a new set of reforms designed to boost investments in the country.

China's Premier Li Keqiang has criticized the move of EU to investigate alleged anticompetitive activities of two Chinese firms in Europe.

Egypt set to return the taxes collected from the QNB acquisition of NSGB. (Photo : Reuters)The image is the Arabic logo of the Qatar National Bank. In an announcement, the Egyptian government has said it would be refunding taxes it has collected from the acquisition by Qatar National Bank of National Societe Generale Bank.

Softbank is now undertaking a review of solar power plant projects on Hokkaido island. The Kyodo News agency reported that Softbank Corp is reviewing solar power projects that it is planning to build at the northernmost island of Japan.

Cohen receives subpoena to testify before grand jury. Steven A. Cohen, the embattled hedge fund manager, has received a subpoena requiring his testimony before a grand jury on the government's insider trading investigation into his private equity firm, SAC Capital Advisors.