MetroPCS faces pressure from P. Schoenfeld Asset Management, which owns about 2% of its shares, to update the merger documents with the Deustche Telekom AG's unit T-Mobile USA to reflect T-Mobile's earnings.
Legal & Regulatory
Shareholder Demands Dell to Open Books
Southeastern Asset Management has formally filed notice for Dell to open its books for review. (Photo : Reuters) The image is Michael Dell making a presentation to shareholders.
Roche Approves Pay Plans Amidst Pending Huge Pay Ban
Shareholders of Roche have agreed on a company pay plan after Swiss citizens voted on the imposition of a ban on big pays for managers in the country.
Astral Purchase Cleared for BCE
Government competition bureau approves sale of Astral to BCE. Approval has been issued by the Competition Bureau of Canada for the purchase of BCE Inc of Astral Media Inc.
Facebook Faces New Lawsuit over IPO Fiasco
Facebook to answer lawsuit over IPO misinformation. Facebook, still reeling from the fiascos of its IPO, is now facing another shareholder lawsuit. The world's biggest social networking company's executives, namely founder and CEO Mark Zuckerberg, its board and other officers for the damage sustained.
Latest News
Kodak gets flexible financing and reorganization plans as it prepares to come out of bankruptcy. The bankrupt photography icon Eastman Kodak Inc was allowed to amend its financing deal in order to become more financially flexible as it girds to exit Chapter 11 bankruptcy protection.
Wynn faces another suit for the cash donation to University. The Board of Directors of Wynn Resorts Ltd and its owner, billionaire hotelier Steve Wynn is now facing another shareholder lawsuit alleging that US$135 million donation to the University of Macau had wasted company assets and was in breach of its fiduciary duties.
Macy's is filing charge against J.C. Penney and Martha Steward over their plans to launch Martha boutiques at Penney Stores.
Credit Suisse and Ambac Financial are reportedly agreeing on the settlement of mortgage-backed securities.
Macy's sues JC Penney and Martha Stewart for deal. JC Penney CEO Ron Johnson knew that if he signed the deal with Martha Stewart, he would be putting the company in jeopardy by creating a conflict with Macy's, its corporate rival.
For national security concerns, CNOOC cannot use Gulf assets. China's largest offshore oil and gas producer CNOOC has been disallowed to control oilfields in the Gulf of Mexico.
In its filing with the U.S. Securities and Exchange Commission, BofA disclosed that the state of New York has been investigating how it acquire and underwrites home loans.
Greenlight ends legal battle with Apple over shareholder vote. In a surprising move, Greenlight Capital has withdrawn its suit against Apple Inc. Greenlight's maverick head David Einhorn sought court intervention to stop the most valuable company in the world's shareholders from voting on a management proposal to prevent the company's ability to issue preferred shares at its discretion.
Lloyds Bank to pay for past misdeeds. Britain's largest retail bank, Lloyds is set to announce an increase in money for compensation to pay customers and clients for losses sustained on mis-sold loan insurance.
