Charter takes rejected Time Warner Cable bid to investors
NEW YORK (Reuters) – Charter Communications Inc on Monday formally offered to acquire larger rival Time Warner Cable for $37.3 billion, sparking what is likely to be a contentious battle for control of the No. 2 U.S. cable operator.
India set to ease restrictions on local carriers flying abroad: minister
NEW DELHI/SINGAPORE (Reuters) – India could ease restrictions that prevent its domestic airlines from flying on international services within a month, potentially benefitting start-ups set up by Singapore Airlines and Malaysia’s AirAsia that aim to beg…
Japan’s Suntory to buy U.S. spirits maker Beam for $13.6 billion cash
LONDON/NEW YORK (Reuters) – Suntory Holdings Ltd on Monday said it would buy U.S. spirits company Beam Inc for $13.6 billion cash in a deal that would make the Japanese company the world’s third-largest spirits maker.
Exclusive: NASDAQ, S&P eye acquisitions to build index businesses
NEW YORK (Reuters) – Exchange operator Nasdaq OMX Group and index provider S&P Dow Jones Indices said they are interested in acquisitions to grow their index businesses, in a sign the sector could see a wave of deals as investors pour tens of billions of dollars into portfolios that track benchmarks.
Exclusive: FBI suspects front running of Fannie, Freddie in swaps market
(Reuters) – Wall Street traders may be manipulating a key derivatives market and front running Fannie Mae and Freddie Mac, hurting the US-owned mortgage giants in the process, according to an FBI intelligence bulletin reviewed by Reuters.
Citigroup’s former COO to join hedge fund spun off from bank
(Reuters) – Citigroup’s former Chief Operating Officer John Havens has been appointed as non-executive chairman of Napier Park Global Capital LLC, the hedge fund spun out of the bank last year.
With Time Warner Cable bid, Malone aims to be king of consolidation
LOS ANGELES/NEW YORK (Reuters) – Known as “The King of Cable” after he built a small Denver cable company into the nation’s largest system in the 1980s, John Malone aims to become the king of consolidation in the same industry once again.
House Democrats request probe into Target card breach
WASHINGTON (Reuters) – Democratic lawmakers called on Monday for a congressional inquiry into the hacking of credit and debit card data of tens of millions of customers of No. 3 U.S. retailer Target Corp during the holiday shopping season.
New York bears down on patent trolls, settles with Delaware firm
NEW YORK (Reuters) – New York’s attorney general has reached a civil settlement that bars a Delaware firm from using what he called “deceptive” means to get businesses to pay money for patent licenses.
‘New’ GM has old problem: stagnant U.S. market share
DETROIT (Reuters) – General Motors Co has much to celebrate at this year’s Detroit auto show, the first since 2009 that the company is not partly owned by the U.S. government.
