MGM could go it alone if bids disappoint: sources

2010-03-19T19:00:16Z

<div><p>NEW YORK (Reuters) - Storied Hollywood studio Metro-Goldwyn-Mayer may opt for a stand-alone plan if bids disappoint, and creditors are expected to meet early next week as the company sifts through expected offers, sources said.</p><p>The studio, struggling with $3.7 billion of debt, said in November it was exploring a po...

China to lead oil demand growth as OECD area struggles

2010-03-10T11:16:37Z

<div><p>China's hunger for oil is set to drive global demand in the coming years as consumption in the industrialized countries may not regain pre-economic crisis levels, experts say.</p><p>"Chinese demand will continue to grow at a relatively high rate," said Kefeng Yang of research firm IHS CERA, the organizer of an energy conference this week in Houston in the heart ...

UK's Pru plans $20 billion rights offering

2010-02-28T19:00:47Z

<div><p>NEW YORK (Reuters) - Britain's Prudential Plc <PRU.L> plans to do a rights offering of about $20 billion to finance a $35.5 billion purchase of American International Group's &lt...

Swiss banks plan to move some staff out of London: report

2010-02-28T04:15:18Z

<div><p>Swiss banking giants Credit Suisse and UBS are looking at relocating some of their bankers out of London after Britain moved to hike taxes on top earners, Swiss newspaper NZZ am Sonntag reported Sunday.</p><p>Citing unnamed sources, the newspaper claimed that Credit Suisse was planning to relo...

Judge considers fraud charges against Blixseth

2010-02-26T15:30:22Z

<div id="subtitle">Judge considers charges of fraud against 'billionaire' whose fortune may have dwindled</div><div><p>The actual size of Yellowstone Club founder Tim Blixseth's fortune could soon come to light as a a judge considers whether the high-flying real estate developer took hundreds of millions of dollars in a fraud scheme that left the exclusive resort broke.</p><p>Such a decision would be a tu...

Goldman files to voluntarily dismiss broker suit

2010-02-22T08:08:18Z

&lt;div&gt;&lt;p&gt;CHARLOTTE, North Carolina (Reuters) - Goldman Sachs Inc filed on Friday to dismiss a lawsuit filed a day earlier against seven former Atlanta-based wealth advisers that defected to rival

Shell could sell over $10 billion in assets: report

2010-02-22T09:35:25Z

<div><p>LONDON (Reuters) - Royal Dutch Shell Plc &lt;RDSa.L&gt; could sell more than $10 billion of assets including its North Sea oilfields operations, the Sunday Times reported, citing sources close to the company.</p><p>Shell has hired...

Credit Suisse makes $746 mln profit in Q4

2010-02-22T10:10:28Z

<div id="subtitle">Credit Suisse makes $746 million net profit, missing expectations due to one-off charges</div><div><p>Credit Suisse Group posted a fourth-quarter net profit of 793 million Swiss francs ($746 million) on Thursday, blaming writedowns and a hefty U.S. legal settlement for failing to meet expectation...

Credit Suisse says at strongest since crisis hit

2010-02-22T10:10:56Z

<div><p>ZURICH (Reuters) - Credit Suisse &lt;CSGN.VX&gt; boss Brady Dougan said the Swiss bank was winning client money and transactions faster than at any point since the financial crisis began, putting a positive sheen on weak quarterly earnings.</p&g...

Anixter International shares fall after downgrade

2010-02-22T14:38:48Z

<div id="subtitle">Anixter International shares fall on Credit Suisse report; estimates 'too rosy,' analyst says</div><div><p>Shares of Anixter International fell Tuesday after Credit Suisse said expectations for the company's profits were overly optimistic.</p><p&...

Morgan Stanley to raise capital for hedge fund clients

2010-02-22T16:43:24Z

<div><p>HONG KONG (Reuters) - Morgan Stanley &lt;MS.N&gt; has launched a new global initiative to raise capital for hedge fund clients in return for a fee, a company spokesman said.</p><p>The bank said on Friday that it had hired Jenkin Leung, fo...

Health stocks pull market higher as Mass. votes

2010-02-22T18:04:13Z

<div><p>Investors moved back into stocks on hopes that an election in Massachusetts will weaken Senate Democrats and make it harder for President Barack Obama to make changes to health care.</p><p>The vote Tuesday to fill the seat of late Sen. Edward M. Kennedy co...

Credit Suisse cuts bonus pool by 5 percent to pay UK tax

2010-02-22T18:16:17Z

<div><p>ZURICH (Reuters) - Swiss banking heavyweight Credit Suisse &lt;CSGN.VX&gt; says it will reduce its global bonus pool by 5 percent to pay for a new British tax on bonuses, but will cut deeper into the bonuses for its top managers in Britain.</p&a...

Credit Suisse to cut bonuses for top London staff

2010-02-22T18:17:06Z

<div><p>Swiss bank Credit Suisse said Tuesday that it would reduce bonuses paid to its top executives in London by about 30 percent in response to a tax announced last month by British authorities.</p><p>The Swiss banking group will reduce bonuses paid to staff in the world by five percent and "by an addition...

Credit Suisse to expand Asia prime services

2010-02-22T18:59:19Z

<div><p>HONG KONG (Reuters) - Credit Suisse &lt;CSGN.VX&gt; will increase the headcount in its prime brokerage team in Asia by 15 percent to 20 percent in 2010 as it aims to win business from the increasing number of global hedge funds eager to set up base in the region, a senior...

Picks of the Week: Google, BofA, UPS, Ford

2010-02-22T20:44:49Z

<div><p> Notable Wall Street analyst opinions on stocks in the news for the week of Jan. 4-Jan. 8: </p><p> Jan. 8 </p><p> Priceline.com Inc. (PCLN) </p><p> Sidoti &amp; Co. downgrades to neutral from buy; lowers estimates, price target </p><p> Sidoti analyst

Stocks on the Move: Alcoa, Boeing, Chevron, Intel

2010-02-22T20:45:28Z

<div><p> Jan. 4 [Bloomberg] -- Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 11:20 a.m. in New York. </p><p> Coal and metal producers advanced after reports showed manufacturing in the U.S. and China is improvin...

Credit Suisse sued over resorts, $24 billion sought

2010-02-23T01:35:12Z

<div><p>NEW YORK (Reuters) - Credit Suisse Group AG &lt;CSGN.VX&gt; has been sued by property owners in four luxury ski and golf resorts, saying the Swiss bank concocted a loan scheme to defraud them and ultimately take over the properties.</p><p>The lawsuit filed on Sunday in federal court ...

$24 billion lawsuit filed against Credit Suisse

2010-02-23T01:42:38Z

<div id="subtitle">Investors in broke resorts sue Credit Suisse, say bank giant schemed to take over properties</div><div><p>Property owners at four struggling and bankrupt resorts in Idaho, Montana, Nevada and Credit Suisse analyst lowers rating on Expedia, says its 2010 earnings visibility is cloudy</div><div><p>Expedia Inc.'s 2010 earnings visibility is cloudy, an analyst said Monday, as the online travel provider looks to gain from cost cuts and technology upgrades, but could be hindered, in part, by ...

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