Court appoints lead plaintiff in shareholder lawsuit against SAC
(Reuters) – A New York court designated a pension fund as the lead plaintiff in a lawsuit filed by shareholders of Elan Corp against SAC Capital, a court filing showed, as the hedge fund continued to face varied legal challenges over insider-trading ch…
China May home prices rise at fastest pace this year
BEIJING (Reuters) – China’s house prices rose at the fastest pace this year in May from a year earlier, though the pace of gains eased from the previous month, highlighting the dilemma facing the central bank as it balances the need to support the econ…
Japan says G8 stance is sign of approval for ‘Abenomics’
TOKYO (Reuters) – Japanese cabinet ministers welcomed the Group of Eight summit’s stance on Tokyo’s sweeping stimulus policies as a vote of confidence in the government’s strategy to end 15 years of entrenched deflation and revive a lackluster economy….
Flush with orders, aerospace industry retools for future
PARIS (Reuters) – As airplane makers gathered outside Paris to show off their newest high-tech jetliners on Monday, a less-heralded technology story was unfolding back home on the factory floors of the world’s leading aerospace firms.
Sprint sues Dish, Clearwire as key deadline looms
(Reuters) – Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, on the eve of a key deadline in a takeover battle that also includes Japanese mobile carrier SoftBank Corp.
Chesapeake hires former SEC lawyer as compliance officer
HOUSTON (Reuters) – Chesapeake Energy Corp on Monday named as chief compliance officer a lawyer the oil and gas company had previously hired to respond to an investigation by the Securities and Exchange Commission.
JCI looks to private equity to sell auto electronics unit: sources
NEW YORK/DETROIT (Reuters) – Johnson Controls Inc is speaking to private equity firms about selling its roughly $1 billion automotive electronics unit, after buyout interest from many rival auto parts suppliers faltered, according to several people fam…
Starboard’s battle with Smithfield over China-deal adds to activist image
NEW YORK (Reuters) – Since Starboard Value LP was spun off as a separate hedge fund just over two years ago it has been fast gaining a reputation for aggressive shareholder activism, pushing for change in household names including AOL and Office Depot …
JCI looks to private equity to sell auto electronics unit: sources
NEW YORK/DETROIT (Reuters) – Johnson Controls Inc is speaking to private equity firms about selling its roughly $1 billion automotive electronics unit, after buyout interest from many rival auto parts suppliers faltered, according to several people fam…
British prosecutor to charge central Libor suspect: source
June 17 – Britain’s top fraud prosecutor is poised to bring criminal charges against former Citigroup Inc and UBS AG trader Thomas Hayes, who is alleged to have been a central figure in a scam to rig global benchmark interest rates, a source familiar w…
