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. The studio, struggling with $3.7 billion of ...
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. "Chinese demand will continue to grow at a relatively high rate," said Kefeng Yang ...
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 <AIG.N> Asian life insurance unit, a source familiar with the situation said on Sunday. ...
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. Citing unnamed sources, the newspaper claimed that Credit ...
Judge considers charges of fraud against 'billionaire' whose fortune may have dwindled 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 ...
<div><p>NEW YORK/ZURICH (Reuters) - Credit Suisse <CSGN.VX> said on Tuesday it would make executives wait three-to-four years for their bonuses, as governments press banks to use compensation packages to limit excessive risk taking.</p><p>Switzerland's largest bank by market capitalization will increase the ...
<div><p>Swiss pharmaceutical giant Roche is suing Credit Suisse for having sold the company 545 million dollars (364 million euros) worth of risky securities, a Swiss newspaper reported Tuesday.</p><p>"We confirm this ongoing case between Roche and Credit Suisse concerning certain securities transactions," a ...
<div id="subtitle">Navistar to issue $1.5 billion in new debt, will use proceeds to repay outstanding loan</div><div><p>Truck maker Navistar International Corp. on Tuesday said it plans to issue $1.5 billion in new debt that it will use to repay an outstanding loan.</p> ...
<div id="subtitle">Credit Suisse reports $2.4 billion net profit in 3Q as bank's recovery continues</div><div><p>Swiss bank Credit Suisse Group said Thursday that net profit almost doubled to 2.4 billion Swiss francs ($2.4 billion) in the third quarter, helped by strong returns on financial ...
<div><p>Swiss banking giant Credit Suisse posted Thursday a third consecutive quarterly profit of 2.4 billion Swiss francs (1.6 billion euros, 2.4 billion dollars), a 50 percent jump on the previous quarter that largely beat analyst forecasts.</p><p>The bank's chief executive officer Brady Dougan ...
