If you look at the fine print, a judge’s ruling last week may open up a new line of attack against the hedge fund manager William Ackman, Peter Henning and Steven Davidoff Solomon write.Read more…
Fannie Mae Official Details Plans on Low Down Payment Mortgages
By Peter EavisThe chief executive of Fannie Mae said that Fannie would accept more low down payment mortgages but would require private mortgage insurance as well.Read more…
Cable Deal Wave Hits the Caribbean
Cable and Wireless’s move for Columbus International comes at a high price and with an odd structure. But the potential to cut costs and grow faster might offset concerns, Quentin Webb of Reuters Breakingviews writes. Read more…
PineBridge Names Ex-Goldman Executive Thornton as Chairman
John L. Thornton, the chairman of Barrick Gold and a professor at Tsinghua University in Beijing, was designated as a possible successor to Henry M. Paulson Jr. when they were at Goldman Sachs. Read more…
Cott to Acquire Water and Coffee Provider for $1.25 Billion
The Cott Corporation has agreed to acquire the parent company of DS Services of America, a direct-to-consumer provider of bottled water, office coffee and water filtration services. Read more…
Drug Maker Perrigo to Buy Omega Pharma in $4.5 Billion Deal
The acquisition is expected to expand Perrigo’s international presence and give it a larger position in the European over-the-counter health care sector. Read more…
Cable and Wireless to Buy Latin American Telecommunications Provider
The deal for Columbus International, a privately held company based in Barbados, is valued at $1.85 billion, including the assumption of debt. Read more…
BSkyB to Acquire 87.45% of Sky Deutschland
After 21st Century Fox agreed to sell its 57.45 percent stake to British Sky Broadcasting earlier this year, the offer was extended to other shareholders. Read more…
Morning Agenda: Seeking More Say on Directors
An effort to let shareholders hire and fire directors directly. | A Pritzker dreams of empire. | Businesses assess impact of G.O.P. victory. | Einhorn gives up on Green Mountain. Read more…
Britain to Investigate Dominance of Big Banks
Britain’s four largest banks – the Lloyds Banking Group, Barclays, the Royal Bank of Scotland and HSBC – account for more than three-quarters of all consumer and business accounts, the Competition and Markets Authority said. Read more…
Troubled Bank Monte dei Paschi di Siena Approves Plan to Raise $3.1 Billion
The bank is seeking satisfy demands that it bolster its capital cushion after the results of a review by the European Central Bank. Read more…
Société Générale and Crédit Agricole Profits Exceed Market Expectations
Both French banks overcame weak domestic retail businesses to post higher net income, with Société Générale cutting its loan loss provisions. Read more…
Siemens to Sell Its Hearing Aid Unit for About $2.69 Billion
The sale to the private equity firm EQT Partners and the Strüngmann family means the German conglomerate will not pursue a public listing for Siemens Audiology Solutions. Read more…
Perella Weinberg Said to Merge 2 Subprime Auto Lenders
The asset management arm of the firm will combine the lenders Flagship Credit Acceptance and CarFinance Capital into one company that will enable them to complete larger securitizations at a lower cost. Read more…
A Pritzker Sets Out With Ideas of Empire
Adam Pritzker, a member of the family behind Hyatt hotels, has started Assembled Brands, with ambitions of building his own consumer goods and hospitality conglomerate. Read more…