Anadarko trades cancelled due to glitch in system. In an expected move, the New York Stock Exchange has announced it would be cancelling the trades of Anadarko Petroleum Corp after a glitch in the system had cut the market value of the firm by 99%.
Legal & Regulatory
Softbank Double Checks Hokkaido Power Plant Projects
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 Subpoenad for Grand Jury Testimony
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.
Top Euro officials call for overhaul
Top European economic officials hope to fix process to avoid repetition of the chaos that occurred during the Cyprus bailout proceedings.
Pinchuk claims breach of contract and trust against fellow Ukranians
Billionaire Victor Pinchuk files for breach of contract and breach of trust against fellow Ukranian moguls.
Latest News
Syniverse and Mach agrees to conditions set by EU regulators. Syniverse Technologies, the US telecoms services firm, is preparing for the receipt of the European Union antitrust regulatory approval for the Eur550 million or US$710.
Gildemeister has clarified the regulatory website information published as to the plans of Mori Seiki.
Edwards Wildman to partner with Ismen Law Firm of Istanbul. The law firm of Edwards, Wildman and Palmer LLP, gladly unveiled to the public its plan to extend its office to Istanbul and work closely with Ismen Law Firm depending on the regulatory consent by the Istanbul Bar Association.
Suntech was able to obtain another deferment as to the loan obligations that would fall due on May 15.
Dish Network announced the completion of all the clarificatory questions posed on its US$25.5 billion unsolicited bid for Sprint Nextel.
Bloomberg Editor in Chief issues an apology, calling the access as inexcusable. The Editor in Chief of Bloomberg News, Matthew Winkler, apologized Monday for allowing its journalists 'limited access' to sensitive data on how clients utilized the ubiquitous Bloomberg terminals.
Coleman Cannon adds his expertise to the San Francisco office of Silicon Legal Strategy. Silicon Legal Strategy disclosed today the addition of Coleman Cannon as Senior Associate in its San Francisco headquarters.
The foreign exchange regulatory agency of China, upon orders of the State Council, has abolished regulations that lead to red tape and promotes non transparency.
Bloomberg, in a response to a complaint made by Goldman Sachs, removes reporters access to its terminals.
