Reser's Fine Foods issued a recall of 109,000 refrigerated products for Listeria monocytogenes contamination.
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ING US Inc sale raises USD 974 million for parent ING Groep
ING Groep raised USD 974 million from selling its New York-based US insurance business. Amsterdam-based financial services firm ING Groep was able to gather USD 974 million or EUR 706 million from the sale of its US business.
Higher yields is the reason why pension funds choose alternative investments
With a return of just 6.4% per year in traditional investment vehicles, a shortfall of 1.6%, many pension funds opt to invest in alternative options which promise higher returns.
Tellabs shareholders files two suits to invalidate the sale to Marlin Equity
The suits claim breach of fiduciary duties, flawed sales process and inadequate consideration for the Tellabs sale to Marlin Equity.
Judge to proceed with civil trial on defective mortgages against Countrywide Financial
US District Judge Jed Rakoff had set a hearing on the issues and a date for his rulings by December on the civil case against Countrywide Financial Corp's defective loan transactions with Fannie Mae and Freddie Mac.
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As ordered by US District Judge Ronald Guzman, HSBC and individual plaintiffs would go into the process of evidentiary discovery.
Royal Bank of Scotland US subsidiary Citizens Financial Group is bidding out nearly 105 branches with USD6 billion in deposits and USD2.4 billion in loans.
The amount of USD3.3 billion is the price tag for the JPMorgan commodities business unit required from the bidding firms, such as Grupo BTG Pactual.
Ian Dunlop, climate change advocate, is being campaigned against by no less than the BHP Billiton chairman for board director in the mining firm.
Shares of Safeway Inc increased by almost 9% after buyout reports started to circulate. Shares of supermarket chain Safeway Inc increased after reports that a private equity firm-led buyout was in the works.
Peugeot weighing options between a cost cutting partnership with GM or an expansion push with Dongfeng.
The earnings before interest, taxes, depreciation and amortization for Orange SA declined as both sales revenues and share prices also declined.
Fund managers BlackRock Inc and Neuberger Berman Group LLC seek settlement in the amount of USD5.75 billion for mortgage backed securities fraud.
As it bought out properties post recession at 35% below market value, Blackstone had accumulated assets for rent to grow into a mature industry.
