The Co-operative Bank announced plans on Monday to close 50 of its branches and axe a “significant” number of jobs in a rescue plan that hands bond investors majority control. Parent company The Cooperative Group said in a statement that investors who…
This post first appeared on FloatingPath SGX’s executive vice-president for sales and clients, Chew Sutat recently told The Business Times … Read more
A Chinese solar firm will pay 3.0 billion yuan ($491 million) for assets of the main subsidiary of Suntech Power, a statement said, in the latest move to restructure the troubled former solar giant. Suntech Power announced in March that its main unit…
Twitter is finding a niche among younger US adults who monitor the messaging service for news on mobile devices, a survey showed Monday. The Pew Research Center report said 16 percent of American adults use Twitter, and that much of what gets passed…
Giant hedge fund SAC Capital has agreed to plead guilty to criminal charges of insider trading and pay $1.8 billion to settle them, the US Attorney’s office announced Monday. SAC, run by multi-billionaire Steven A. Cohen, also agreed to give up its…
FREMONT, Calif., Nov. 4, 2013 /PRNewswire/ — The Men’s Wearhouse (NYSE: MW) today responded to a request by Jos. A. Bank to conduct due diligence related to the unsolicited, highly-conditional and non-binding proposal by Jos. A. Bank to acquire The…
By Hamish McKenzie On November 1, 2013Two more days, two more Chinese tech companies off to solid starts on the US public markets. Online travel platform Qunar, whose closest US analogue is Kayak, went public on Nasdaq today, raising $167 million and…
By Ginger Szala November 1, 2013 • Reprints Rabobank to pay $475 million to settle Libor and Euribor charges The U.S. Commodity Futures Trading Commission (CFTC) issued an order against Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank…
The number of banks in the 17-country eurozone has declined over the past five years and they significantly reduced their balance sheets, the European Central Bank said on Monday. “By the end of 2012, banking sector assets in the euro area… had dropped…
By Nathaniel Mott On November 1, 2013Google is doing everything that many investors and pundits want Apple to do. As I wrote yesterday, many refuse to understand Apple’s attempts to build its business by releasing luxury goods instead of commodity…