Microsoft sought an approval from the European Commission to take over Nokia's phone business in USD7.49 billion deal.
Legal & Regulatory
Bega Cheese gets regulator approval for Warrnambool Cheese bid
An Australian regulator approved the bid of AUD 407 million of Bega Cheese Ltd for the acquisition of Warrnambool Cheese & Butter Factory Co.
US stocks fall as Federal Reserve retains bond buying program
The Federal Reserve announcement that it would continue with its monthly bond purchases caused US stocks to drop.
US Fed says it will stick with bond buying policy
The US central bank said it was going to continue its purchases of bonds worth USD 85 billion a month to keep interest rates low.
Infosys settles with U.S. government over visa case for US$ 34 million
Infosys settled with US Department of Justice for US$34 million over visa fraud case. Infosys Ltd. , has announced that it has entered into a settlement with the U.
Latest News
BaFin had said they would review the whole transaction of RHJI purchase of BHF Bank. BaFin, the German financial watchdog, had announced last Wednesday it would be needing to start from scratch in the review of the sale of Deutsche Bank AG's unit BHF Bank after BlackRock had exited from the auction.
To provide credence to their power to fine, the Telecommunications Department had a legal opinion drafted on the matter.
A meeting of local and state financial authorities relate the possible misuse of Urban Cooperative Banks by unscrupulous money launderers.
Paracetamol is an active ingredient in many drug formulations which now is subject to a USD787 per tonne anti-dumping duty.
Leighton Holdings got sued by own shareholders after the latter claimed they were misled with financial projections.
Saudi Arabian Prince Alwaleed bin Talal's Kingdom Holdings is preparing to purchase more shares in Twitter when its IPO comes around.
Sources told Bloomberg that hedge funds were asking the consumer bureau to investigate World Acceptance Corp.
Ally Financial wrote down a USD170 million charge for its third quarter earnings after reaching a settlement with two US housing regulators.
Former Co-operative Group chief executive Barry Tootell said he and other company executives had doubts over the capability of the mutual fund to acquire 632 Lloyds Banking Group branches for USD750 million.
