Jefferies & Co backed billionaire Carl Icahn's bid for the computer maker Dell Inc. with US$5.2 billion loan.
Investors
Poloz: Bank of Canada in Uncharted Territory
Stephen Poloz, new central bank chief for Bank of Canada said on Wednesday that the bank can no longer rely on its usual models to assess the economy.
UK Watchdog: Lloyds Must Raise GBP8.6 Billion Capital
Lloyds Banking Group must plug a capital shortfall of GBP8.6 billion after Britain's banking regulator announced new rulings on Thursday.
Eur60 Billion Euro Zone Bailout Fund to Save Banks
Finance ministers in the Euro zone agreed to systematically rescue important banks with a Eur60 billion bailout fund.
Hedge Fund Exits Rise in June, Investors Repositions in Mid-Year
Investors used the mid-year point to review fund portfolios making requests to pull out cash from hedge funds increase in June.
Latest News
SBI chairman Pratin Chaudhuri said that the State Bank of India needed Rs3000 crore to merge with one of its associates banks.
More US Senators are getting concerned with the Shuanghui-Smithfield deal and urged thorough review regarding planned acquisition.
According to the Nikkei newspaper, Mitsubishi UFG Financial Group of Japan paid US$4.1 billion for the acquisition of Thailand's fifth largest lender, the Bank of Ayudhya.
Ukrainian company gets a loan to build a wind farm. A unit of DTEK Holdings BV was able to get a Eur 138 million loan from Landesbank Berlin AG for developing a wind farm in the southern part of Ukraine.
Fiat is going to earn more from Chrysler this year. (Photo : Reuters)This is a photo from the Geneva Auto Show for the Chrysler booth. Fiat, the Italian car company is set to earn more from Chrysler this year.
Dish Network is set to redeem $2.6 billion in debt. (Photo : Reuters)The image shows a hanging sign of Dish Network. Dish Network made a bid to acquire Sprint Nextel and issued $2.
Shares of aircraft WiFi provider plummets. (Photo : Reuters)Logo of Gogo Internet. Gogo is a provider of WiFi for on board flights. Its services are available in major airlines like US Airways, Delta and American Airlines.
Sainsbury CEO Justin King sells part of his shares. (Photo : Reuters)The image is the Sainsbury branch during evenings. J Sainsbury Place is the third biggest grocer in the United Kingdom.
Osram warns of share value drop at debut in the market. (Photo : Reuters)The logo of Osram. In an effort to focus on the more profitable line of business, Siemens is set to spin-off its lighting arm Osram.
