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Exclusive: Prosecutors, regulators close to making Libor arrests

Top Finance News - Mon, 07/23/2012 - 2:25am
U.S. prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping ...

Shares, euro slip as Spain stokes bailout fears

Top Finance News - Mon, 07/23/2012 - 1:05am
Asian shares slid and the euro hovered near multi-year lows hit in early trade on Monday, as Spain sparked concerns about its ability to stave off a sovereign bailout after two indebted regions sought ...

Global economy: No winners in race for growth medals

Top Finance News - Sun, 07/22/2012 - 10:25pm
"Faster, Higher, Stronger" is the motto of the Olympics opening in London on Friday. "Slower, Lower, Weaker" would be a better description of the economic performance of many of the ...

Nasdaq compensation plan may not be enough

Top Finance News - Sun, 07/22/2012 - 8:50pm
Nasdaq OMX Group's plan to pay a total of $62 million to firms that lost money due to Facebook Inc's botched market debut may fall short of appeasing Wall Street market makers, which would have to sign ...

NRG Energy buys GenOn in $1.7 billion stock deal

Top Finance News - Sun, 07/22/2012 - 7:20pm
NRG Energy struck a deal to buy rival GenOn Energy Inc for $1.7 billion in stock, forming the largest U.S. independent power producer as the companies contend with sagging electricity prices. The deal ...

China's tight job market defies economic downturn

Top Finance News - Sun, 07/22/2012 - 5:55pm
Workers living through the slowest run of global economic growth in more than three years are in fear for their jobs everywhere except in the very place investors are most concerned about - China. Despite ...

Analysis: Rona looks outside the big box for a turnaround

Top Finance News - Sun, 07/22/2012 - 5:55pm
Rona Inc, Canada's home-grown answer to Home Depot Inc and Lowe's Cos Inc, has built its turnaround plan around a bold theory: the golden age of the big box store is ending. For years, Rona organized its ...

Global economy weekahead: No winners in race for growth medals

Top Finance News - Sun, 07/22/2012 - 4:30pm
"Faster, Higher, Stronger" is the motto of the Olympics opening in London on Friday. "Slower, Lower, Weaker" would be a better description of the economic performance of many of the ...

Insight: Flood risk rampant across Asia's factory zones

Top Finance News - Sun, 07/22/2012 - 2:25pm
Global insurance companies are struggling to get a grip on their flood exposure in Asia nearly a year after one of the world's costliest disasters hit Thailand, with executives fearing an even worse event ...

Exclusive: Prosecutors, regulators close to making Libor arrests

Top Finance News - Sun, 07/22/2012 - 12:40pm
U.S. prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping ...

Murcia next Spain region in spotlight for aid

Top Finance News - Sun, 07/22/2012 - 12:40pm
Tiny Murcia was on course on Sunday to be the second Spanish region to request help from the central government to keep it afloat, as media reported half a dozen local authorities were ready to follow ...

Former Stanford executive says in limbo as SEC case drags

Top Finance News - Sun, 07/22/2012 - 11:10am
Bernerd Young has waited more than two years for a final decision from U.S. securities regulators about whether he will be charged over his role as compliance officer at the brokerage owned by convicted ...

Siemens industry units wobble as Europe falters

Top Finance News - Sun, 07/22/2012 - 11:10am
Europe's biggest engineering conglomerate Siemens looks set to report a decline in third-quarter new orders of its flagship products as manufacturing demand across the region continues to wrestle with ...

Rake shuns Barclays chairman role: sources

Top Finance News - Sun, 07/22/2012 - 11:10am
Michael Rake, deputy chairman of Barclays Plc , has ruled himself out of contention to be its new chairman, striking a blow to the UK bank as it hunts for new leadership to steer it through its interest ...

Green fleet upstarts make conventional Washington moves

Top Finance News - Sun, 07/22/2012 - 8:10am
Two companies involved on the ground level of an expensive Pentagon effort to embrace biofuels have used familiar strategies in building their profiles in Washington, using hefty campaign contributions ...

Super rich hold $32 trillion in offshore havens

Top Finance News - Sun, 07/22/2012 - 8:10am
Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published ...

Rupert Murdoch quits boards of British papers

Top Finance News - Sat, 07/21/2012 - 9:05pm
News Corp's Rupert Murdoch has stepped down from a string of boards overseeing the Sun, Times and Sunday Times newspapers in Britain, the company said in an internal memo on Saturday. The company described ...

EU sets terms for Hutch's Orange Austria bid: paper

Top Finance News - Sat, 07/21/2012 - 2:50pm
EU regulators will allow a bid by Hongkong's Hutchison 3G to buy France Telecom's Orange Austria if the new combined group permits other Austrian operators to access its network, an Austrian daily said ...

Ex-bankers go solo in the Gulf

Top Finance News - Sat, 07/21/2012 - 1:35pm
After a 16-year career at Morgan Stanley Lebanese-born banker May Nasrallah detected a gap in the Middle East market for advising small companies, prompting her to leave the bank and set up her own financial ...

Credit Suisse won't sell investment bank: chairman

Top Finance News - Sat, 07/21/2012 - 9:50am
Credit Suisse will not sell or spin off its investment bank but is seeking to improve its business model as tighter regulation makes the risky unit less profitable, the Swiss bank's chairman was quoted ...

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