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Updated: 1 year 11 months ago

Kinder Morgan to Apply for Pipeline Expansion

Wed, 11/27/2013 - 6:11pm
Plan is to nearly triple the size of a pipeline carrying oil to Canada's Pacific coast.
Categories: Financial News

Brazil Raises Interest Rate to 10%

Wed, 11/27/2013 - 6:03pm
Brazil's central bank raised its benchmark interest rate on Wednesday by half a point to 10% as expected and hinted it may be about to switch gears.
Categories: Financial News

Barclays Ordered to Pay $2.1 Million to Trader Fired in Libor Scandal

Wed, 11/27/2013 - 4:48pm
Barclays Capital has been ordered to pay $2.1 million in damages to a New York-based trader, Dong Kun Lee, whom it fired last year in the scandal over alleged manipulation of the London interbank offered rate, or Libor
Categories: Financial News

Charter Arranging $25 Billion of Debt for TWC Bid

Wed, 11/27/2013 - 4:42pm
Charter is arranging about $25 billion of debt financing as it pursues Time Warner Cable, allowing it to include a hefty cash component in any offer it makes.
Categories: Financial News

Dell Investors May Seek Court Appraisal

Wed, 11/27/2013 - 4:29pm
Investors with claims on more than 47.5 million Dell Inc. shares have reserved the right to ask a judge to award them more than the buyout price
Categories: Financial News

Bitcoin Index Seeks Clearer Value Picture

Wed, 11/27/2013 - 4:13pm
The CoinDesk bitcoin index is set to expand to the Mt. Gox exchange, in attempt to build a more comprehensive picture of the virtual currency's price.
Categories: Financial News

Ex-SAC Analyst Says He Provided Inside Info Out of Job Fears

Wed, 11/27/2013 - 3:50pm
A former analyst at SAC Capital Advisors LP testified in court Wednesday that he believed he would be fired if he didn't provide inside information to his boss, Michael Steinberg.
Categories: Financial News

Bank Directors Get Nod, Amid Criticism Over Stance on Pay

Wed, 11/27/2013 - 2:55pm
Three directors of California bank Provident Financial were re-elected, but by narrower margins, after helping to bar from the board any candidates paid by an outsider, such as an activist shareholder.
Categories: Financial News

H-P Lowers Bar for Shareholder Votes

Wed, 11/27/2013 - 2:41pm
Hewlett-Packard, recovering from an ill-fated acquisition and two CEO departures, said Wednesday it will make it easier for shareholders to win seats on its board.
Categories: Financial News

China Pension Fund Strained as Retirees Rises

Wed, 11/27/2013 - 2:14pm
Chinese people retired from the workforce faster than new workers started paying into the country's national pension fund last year.
Categories: Financial News

AMR-US Airways Merger Clears Final Hurdle

Wed, 11/27/2013 - 2:11pm
A bankruptcy judge approved the antitrust settlement between the Justice Department and merging airlines AMR Corp. and US Airways Group Inc., clearing the last hurdle to a deal that will create the world's largest airline.
Categories: Financial News

23andMe Responds to Warning

Wed, 11/27/2013 - 1:27pm
The head of genetic-test maker 23andMe responded to an FDA warning letter in a blog post Tuesday night, acknowledging the company was behind schedule in addressing FDA concerns but defending the accuracy and value of the company's tests.
Categories: Financial News

Illinois Lawmakers Reach Deal on State Pension Overhaul

Wed, 11/27/2013 - 1:19pm
Illinois legislative leaders reached a deal on a plan to overhaul the state retirement system, potentially ending a stalemate over how to address the worst pension crisis among U.S. states.
Categories: Financial News

Poland Eyes Shale-Gas Boom

Wed, 11/27/2013 - 12:46pm
Poland is planning to speed up its search for shale gas to reduce its dependence on its former overlord, Russia, following the departure of several major U.S. companies from Polish gas fields.
Categories: Financial News

Fletcher Funds Inflated Through Fraud: Trustee

Wed, 11/27/2013 - 12:14pm
A court-appointed bankruptcy trustee said that the values hedge-fund manager Alphonse Fletcher placed on investments were inflated through fraud, and that his firm's funds were likely insolvent as far back as December 2008.
Categories: Financial News

Fortress, Centerbridge Have Circled LightSquared

Wed, 11/27/2013 - 12:02pm
Fortress Investment and Centerbridge Partners have shown interest in LightSquared, the wireless venture up for sale in bankruptcy proceedings.
Categories: Financial News

Versace Receives Offers for Stake

Wed, 11/27/2013 - 11:31am
Italian fashion house lands bids for 20% stake from international funds including Blackstone, Permira, Qatar Holding and AXA.
Categories: Financial News

UBS Limits Chat Use

Wed, 11/27/2013 - 11:22am
UBS has become the latest firm to clamp down on traders' use of electronic chat rooms, as the venues come under scrunity from regulators probing allegations of market manipulation.
Categories: Financial News

U.S. Jobless Claims Continue Fall

Wed, 11/27/2013 - 10:17am
The number of people filing for new unemployment benefits in the U.S. fell for the sixth time in seven weeks, more evidence the labor market is steadily improving.
Categories: Financial News

EU Probe Threatens Shipping Alliance

Wed, 11/27/2013 - 10:12am
A probe into price fixing in the container-shipping industry makes it less likely that the world's three biggest container shippers will get regulatory clearance for a major new alliance.
Categories: Financial News