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Goldman exits China's ICBC, seven years and billions later
ReutersHONG KONG (Reuters) - Goldman Sachs Group Inc raised $1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a return of nearly four times its original...Tags: China, Goldman Sachs Group, Inc., Citigroup Incorporated, Bank of America Corp., HSBC Holdings plc
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Vodafone says comfortable with Verizon Wireless status quo
ReutersLONDON (Reuters) - Vodafone said on Tuesday that it was very comfortable with its successful U.S. joint venture Verizon Wireless, but if an offer materialized that would benefit it more than the status quo, it would consider it. Vodafone's partner...Tags: Verizon Communications, Verizon Wireless, Vodafone Group Plc, Restructuring and Recapitalization
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Special Report: The Rise and Fall of China's Sun King
ReutersHONG KONG (Reuters) - In a 2010 speech before a packed ballroom of university students in Sydney, Shi Zhengrong, founder of Chinese solar-panel maker Suntech Power Holdings Co Ltd, listed the people who had been important in his rise to fame and riches....Tags: Alternative Energy, Agriculture, Credit and Debt, Al Gore, Solyndra LLC
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Cannes Deals: Chinese Mogul Bruno Wu Partners With French Film Vet; Pierce Brosnan to Chase Olga Kurylenko
ReutersMay 17 (TheWrap.com) - Chinese mogul Bruno Wu's Seven Stars Entertainment has partnered with French mogul Pierre-Ange Le Pogam to form Angel Storm, a new joint venture that will develop and produce European-Chinese co-productions. Le Pogam and Wu have...Tags: China, Guillaume Canet, Action (Movie Genre), Restructuring and Recapitalization, Avi Arad
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Obama admin endorses Texas LNG export project; 2nd project to get Energy Dept. backing
Associated PressWASHINGTON (AP) — The Energy Department on Friday conditionally approved a Texas company's proposal to export liquefied natural gas, only the second such project allowed to move forward amid a production boom that has led to glut of domestic natural...Tags: ConocoPhillips, Dow Chemical Co., Natural Gas, Washington, DC, Economy, Business and Finance
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EU regulators to rule on Delta, Virgin airline deal by June 20
ReutersBRUSSELS, May 16 (Reuters) - EU antitrust regulators will decide by June 20 whether to clear a bid by Delta Air Lines for a 49 percent stake in Virgin Atlantic, which would help Delta to better compete with rivals United Continental and American Airlines....Tags: Virgin Group, Ltd., Antitrust Issues, Air Transportation Industry, Regulatory Policy and Organizations, London Heathrow Airport
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Vietnam TV station drops foreign TV channels after new law is enforced
Associated PressHANOI, Vietnam (AP) — A Vietnamese satellite TV company stopped airing international channels including BBC and CNN on Thursday, citing a law that foreign governments have warned would result in international news and entertainment channels ending...Tags: Canal+, Judges, National Government, Vietnam, News Agency
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Pritzker reveals finances, board resignation plans
Tribune reportersChicago billionaire Penny Pritzker intends to resign from corporate boards, including that of Hyatt Hotels Corp., and reported that she received nearly $54 million in consulting fees last year from an off-shore Bahamian trust, the U.S. Commerce...Tags: Credit and Debt, Neiman Marcus, Warren Buffett, Arts and Culture, Arts
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Five China securities joint ventures posted losses in 2012
ReutersBy Ken Wang and Fiona Lau May 13 (IFR) - Five of China's overseas-backed securities joint ventures lost money in 2012, according to data released over the weekend, underlining the challenge facing global banks looking to gain a foothold in the country'...Tags: China, Goldman Sachs Group, Inc., Morgan Stanley Dean Witter & Company, Citigroup Incorporated, Bonds
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Auditor general says Turnpike connection raises alarms
Pennsylvania Auditor General Eugene DePasquale said Friday that an unusual plan to finance construction of the I-95/Pennsylvania Turnpike connection "raises alarms" and may prompt an investigation by his office. DePasquale said he was especially...Tags: Business, Immigration, Eugene DePasquale, Loans, Politics
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Jay Penske Sues Former Variety Owner Reed Elsevier for $10 Million
ReutersMay 11 (TheWrap.com) - The pile of lawsuits on Jay Penske's desk just gets higher and higher. After being sued and countersuing a marketing company over a joint venture last week, the new Variety owner has now sued the former owners of Variety, Reed...Tags: Corporate Crime, Defendants, Breach of Contract, Reed Elsevier, Litigation
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Column: Going to alternatives for yield
ReutersCHICAGO (Reuters) - If you're willing to take on more risk, it's a good time to move beyond corporate and government bonds in the incredibly challenging search for yield. While attention has been on the record-setting stock market - the Dow Jones...Tags: Consumer Confidence, Chicago Mortgages, Bonds, Mortgages, Petroleum Industry
May 20, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 20, 2013
|Story| Reuters
May 17, 2013
|Story| Wrap
May 17, 2013
|Story| AP Broadcast
May 16, 2013
|Story| Reuters
May 16, 2013
|Story| AP Broadcast
May 15, 2013
|Story| Chicago Tribune
May 13, 2013
|Story| Reuters
May 11, 2013
|Story| Allentown Morning Call
May 10, 2013
|Story| Wrap
May 10, 2013
|Story| Reuters
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