U.S. Frets Over Foreign GM Investors

Wall Street Journal - 24 min 41 sec ago
The U.S. Treasury is concerned about the political fallout of allowing overseas investors to buy big stakes in General Motors through the car maker's initial public offering this fall.
Categories: Business

Probe Circles Globe to Find Dirty Money

Wall Street Journal - 1 hour 22 sec ago
A slim lead helped spark a global inquiry that found some of Europe's vaunted banks actively evaded U.S. law in aiding sanctioned countries to move $2 billion undetected.
Categories: Business

Canadian Rejected China Potash Offer

Wall Street Journal - 1 hour 15 min ago
The investment chief of a big Canadian pension fund said he turned down a request to participate in a Chinese-backed consortium interested in launching a counterbid for Potash Corp.
Categories: Business

EU Finance Ministers Face Tough Agenda

Wall Street Journal - 1 hour 18 min ago
When EU finance ministers assemble Tuesday in Brussels, an unpleasant reality will be on the agenda: Despite efforts to stabilize the euro zone, yields on the bonds of Europe's wobbliest countries have spent their vacation rising.
Categories: Business

Countrywide's Case of Full Disclosure

Wall Street Journal - 1 hour 18 min ago
When does a company that has made financial disclosures fail to satisfy disclosure requirements?
Categories: Business

Disney Reaches Deal With Time Warner Cable, Bright House

Wall Street Journal - 1 hour 43 min ago
Disney reached a long-term agreement with Time Warner Cable and Bright House Networks.
Categories: Business

Baidu Unveils App Store

Wall Street Journal - 1 hour 45 min ago
Baidu unveiled a platform that lets users run applications through the company's website, beating Google to the punch. Users of the service can run applications similar to those found on Facebook or Apple's App Store.
Categories: Business

Boeing Has No Plans to Finance 787 Deliveries for 2011

Wall Street Journal - 1 hour 50 min ago
Boeing Co. doesn't plan to finance any of the 787 aircraft due for delivery next year, while one of its largest customers said it needs more clarity on the final delivery schedule before it can approach lenders.
Categories: Business

Europe's 4-Regulator Solution

Wall Street Journal - 1 hour 50 min ago
The European Union reached a preliminary deal Thursday to set up four new European regulators to strengthen supervision of the region's financial-services industry.
Categories: Business

Accounting Board Seeks Public Proceedings

Wall Street Journal - 2 hours 5 min ago
The U.S. board overseeing company auditors has sent a draft bill to Congress to make its enforcement proceedings public.
Categories: Business

Venezuela to Pay France's Casino $600 Million for Cativen

Wall Street Journal - 2 hours 16 min ago
President Hugo Chavez said Venezuela will pay Casino Guichard-Perrachon et Cie SA $600 million for a majority stake in the French food retailer's Cativen unit.
Categories: Business

Burger King Agrees to Buyout

Wall Street Journal - 2 hours 19 min ago
Burger King agreed to be acquired by New York-based private investment firm 3G Capital Management for about $4 billion, including both equity and debt.
Categories: Business

Dell Pulls Out of 3PAR Bidding War With H-P

Wall Street Journal - 2 hours 27 min ago
Dell said it will pull out of the bidding war for 3PAR after rival Hewlett-Packard raised its offer for the data-storage company yet again to $33 a share, or roughly $2.1 billion.
Categories: Business

Retailers Show Strength

Wall Street Journal - 2 hours 37 min ago
Retailers' August same-store sales showed gains, with chains like Costco, Macy's and Nordstrom beating expectations.
Categories: Business

Avis Increases Cash Portion of Dollar Thrifty Bid

Wall Street Journal - 2 hours 38 min ago
Avis increased the cash portion of its offer for Dollar Thrifty as it battles Hertz for the potential buyout.
Categories: Business

Sunoco Taps Ex-GM CEO to Lead Coking Business

Wall Street Journal - 3 hours 42 min ago
Sunoco Inc. has appointed former General Motors Co. Chief Executive Frederick "Fritz" Henderson to the head the coking division that plans to separate from its core petroleum business in the first half of 2011.
Categories: Business

Pricey Petrobras Oil Deal Removes Share Sale Hurdle

Wall Street Journal - 3 hours 52 min ago
A deal between Brazil's government and oil company Petrobras has removed some doubts that the company can pull off a share sale that could hit $60 billion.
Categories: Business

VimpelCom in Deal Talks

Wall Street Journal - 4 hours 10 min ago
Russian telecom operator Vimpel Communications said it's in talks to buy Egyptian and Italian telecom assets, as it reported a 52% decline in net profit.
Categories: Business

Google, AOL Widen Alliance

Wall Street Journal - 4 hours 25 min ago
Google and AOL agreed to extend their search partnership for five years and expanded their pact into mobile search and online video.
Categories: Business

Record Total of Bookrunners for AIA IPO

Wall Street Journal - 4 hours 28 min ago
AIG's application to list its main pan-Asian life insurer contained a record 11 bookrunners, a further sign that the company is determined to raise as much money as possible.
Categories: Business
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