Yahoo India Finance News Headlines
India Finance and Business news
Next Page >>
Blackstone notifies Cohen's SAC it intends to pull money: pension consultant
By Matthew Goldstein (Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters. A pension consultant, in a May 21 letter to clients, said Blackstone has notified Cohen that it intends to "fully redeem" a significant portion of the roughly $550 million the investment firm has invested with the $15 billion hedge fund. ...
Chinese premier criticizes EU move on trade measures
SHANGHAI (Reuters) - Chinese Premier Li Keqiang criticized the European Union over its plans to investigate alleged anti-competitive behavior by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported. The official Xinhua news agency reported late on Friday that Li had told business leaders in Switzerland such measures would "harm others without benefiting oneself". Li is the most senior Chinese official to comment on the troublesome issue so far. ...
News Corp to take charge of up to $1.4 billion this quarter
By Jennifer Saba (Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. The company said the goodwill impairment charge was primarily for its Australia newspapers though it gave no more details. It also said it expected reduced cash flows in the future. The charge will be taken in the quarter ending June 30 and could effectively wipe out News Corp's profit. ...
Lobbying in American-US Airways deal focuses on small cities
By Karen Jacobs (Reuters) - US Airways Group and American Airlines , seeking approval for a merger that would create the world's largest airline, are warning lawmakers that a requirement to divest certain airport slots would lead to less service for small and medium-sized cities, sources close to the effort told Reuters. The airlines may be required to shed slots Washington's Reagan National Airport to prevent market domination. There is concern that those slots could go to rivals, such as JetBlue Airways , which would likely use them for flights to major cities. ...
Wall Street Week Ahead: Investors look for signs in the rally's break
By Caroline Valetkevitch NEW YORK (Reuters) - The stock market's break in its recent rally this week left investors wondering if they're seeing a turning point or just a blip in the upward path. Next week could make it harder to figure out, considering that the long Memorial Day weekend typically signals the start of the summer. The three major U.S. stock indexes posted a decline for the week on Friday, their first weekly loss since mid-April, raising some fresh worries that this year's rally may be weakening. ...
Ex-Virginia bank executives guilty in financial crisis case
(Reuters) - The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday of conspiracy to commit bank fraud and other charges in connection with a scheme to conceal loan losses that contributed to the bank's collapse in 2011. Edward Woodard, the former chief executive of Bank of the Commonwealth, was found guilty along with two other executives by a federal jury in Norfolk following a multi-week trial, the U.S. Justice Department said. Federal prosecutors are pursuing several cases stemming from the U.S. ...
Visa, Mastercard ask U.S. court to declare card fees are lawful
By Jessica Dye NEW YORK (Reuters) - Visa Inc and MasterCard Inc, opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law. The lawsuit seeks to give the card companies legal ammunition against some retailers who are trying to opt out a proposed settlement under which they would receive a share of $7.2 billion in cash and fee discounts from the card companies. ...
Justice Department opposes AMR's $20 million severance for CEO Horton
By Nick Brown (Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton. In court papers filed on Friday in U.S. Bankruptcy Court in Manhattan, U.S. Trustee Tracy Hope Davis, the department's official charged with regulating bankruptcy cases in the New York region, said the severance deal for AMR Corp's chief executive violates bankruptcy law. ...
Mall owner General Growth eyes NY's Madison Ave: sources
By Ilaina Jonas NEW YORK (Reuters) - General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for one of the most sought after Manhattan office buildings on the market, making what could be the mall owner's entry into the urban street retail real estate market, according to sources familiar with the deal. Bids for 650 Madison Avenue could exceed $1.3 billion, according to sources, who were not authorized to speak publicly. The decision on the winning bid is expected next week, said one source. ...
U.S. audit regulator reaches deal with China on document access
By Dena Aubin and Sarah N. Lynch NEW YORK (Reuters) - U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of bungled audits after a two-year stand-off between China and the United States. The nonbinding deal is only a partial victory for the United States, which has been blocked from investigating accounting scandals at dozens of Chinese companies listed on U.S. stock exchanges. It applies only to enforcement cases against auditors, not against China-based companies suspected of accounting fraud. ...
Yahoo joins growing list of bidders for Hulu: sources
By Ronald Grover and Greg Roumeliotis LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday. Yahoo just this week announced a $1.1 billion acquisition of blogging service Tumblr. It now joins rival bidders for Hulu, including Time Warner Cable Inc, DirecTV, former News Corp president Peter Chernin and Guggenheim Digital Media, sources have said. It is unclear how much the Internet company bid. ...
Exclusive: DBRS to rate all euro zone sovereigns by year-end
By Luciana Lopez NEW YORK (Reuters) - DBRS plans to rate the credit of all euro-zone sovereigns by year-end, from the current 10 of 17, which will give the now-missing countries one more way for the ECB to weigh how valuable each nation's debt is as collateral. The move is part of a larger push at DBRS to rate more sovereigns, from the current 26 to closer to 50, including a broader expansion in Asia. "Our immediate target is to ensure that we have the whole euro zone covered," said Alan G. Reid, group managing director at DBRS. ...
yahoo finance, yahoo india business, yahoo Indian business, yahoo india finance, yahoo india market, investment, india bulls market, yahoo india companies, india tax, taxation, yahoo economy, yahoo finance, yahoo marketing, yahoo stock markets, yahoo india shares, yahoo personal finance, yahoo india portfolio tracker, yahoo columns, yahoo business news, yahoo message boards, business press releases, yahoo india finance
Add Yahoo India Finance News Headlines to your blog or website
Global operations, change in route mix will boost bottomline ...
Hindu Business Line In an industry struggling with rising costs and stiff compet...
Short-term trend turns negative
Business Standard After registering a fresh two-and-a-half-year high early last ...
Manmohan Singh asks SEBI to take steps to eliminate stock ma ...
Daily News & Analysis Singh said that it is a matter of concern that financial s...
Oil India net profit up 4.13 %
The Hindu Oil India has posted a marginal rise (1.56 per cent) in its gross inco...
Chidambaram to visit Dubai tomorrow to woo investments
Financial Express With a view to seek foreign investments Finance Minister P Ch...
HAL executives to get leadership lessons from IIM-Ahmedabad
Indian Express IIM Hindustan Aeronautics Ltd (HAL) has roped in IIM-A to train i...
Job cuts loom as RBS to shut Indian branches, only 8 hubs to ...
Firstpost Royal Bank of Scotland which failed in getting the RBI's approval...
Sebi Turns 25
Moneycontrol.com As the Securities and Exchange Board Of India celebrates 25 yea...
Win a Free T-Shirt
Quotes of the day
Spread the word
- © Copyrights & Disclaimer. All Rights Reserved.