Exclusive – Tomkins explores potential $7 billion sale: sources
NEW YORK (Reuters) – Tomkins Plc is exploring a sale that could value the private equity-owned global manufacturer of auto parts and building products at as much as $7 billion, several people familiar with the matter said on Friday.
Exclusive – Tomkins explores potential $7 billion sale: sources
NEW YORK (Reuters) – Tomkins Plc is exploring a sale that could value the private-equity owned global manufacturer of auto parts and building products at as much as $7 billion, several people familiar with the matter said on Friday.
Justice Department objects to LightSquared bankruptcy exit plans
NEW YORK (Reuters) – The U.S. Department of Justice’s bankruptcy watchdog on Friday questioned the feasibility of four competing restructuring plans for bankrupt LightSquared put forth by the company and its creditors.
Fed’s Tarullo wants more tools to counter shadow bank risks
WASHINGTON (Reuters) – Global financial watchdogs should have more policy tools and powers over firms such as hedge funds to counter the risk of a devastating run on investment banks, the U.S. Federal Reserve’s top regulator said on Friday.
S&P 500 ends above 1,800 for first time; healthcare leads
NEW YORK (Reuters) – Stocks rose on Friday, with the S&P 500 closing above 1,800 for the first time and healthcare names leading the way higher.
Nissan widens role of U.S. sales chief, one of 13 executive moves
DETROIT (Reuters) – Nissan Motor Co on Friday announced that Fred Diaz will be promoted to senior vice president for sales and marketing for the Nissan brand in the United States as part of a management shakeup that involves 13 executives taking new po…
Analysis: Why hedge funds still manage to seduce
NEW YORK (Reuters) – Hedge fund investor Hugh Culverhouse Jr. says the $2.25 trillion industry was an easier place for wealthy individuals to make money a decade ago.
Herbalife shares jump despite Ackman’s latest attack
(Reuters) – Herbalife Ltd shares rallied as much as 7 percent on Friday as investors rejected the latest salvo from hedge fund manager Bill Ackman, who insisted the company is nothing but a pyramid scheme, even though his short position based on that v…
Former Credit Suisse trader Serageldin gets 30 months in jail
NEW YORK (Reuters) – A former Credit Suisse Group AG trader was sentenced to 30 months in prison on Friday for his role in a scheme to artificially inflate subprime mortgage bond prices.
U.S. seeks to add Wells Fargo exec as fraud defendant
NEW YORK (Reuters) – The U.S. government on Friday sought permission to add Wells Fargo & Co executive Kurt Lofrano as a defendant in its year-old lawsuit accusing the bank of fraud.
