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Capital One Acquires GE Healthcare Financial Business For About $9 Bn
Capital One Financial Corp. agreed to acquire the health care lending business of General Electric Capital Corp. for about $9 billion, marking a new …
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San Francisco-based Sunrun Inc. Files for an Initial Public Offering
Sunrun Inc. – a San Francisco-based US solar energy company that provides solar energy to homeowners filled for an initial public offering of its …
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Credit Suisse Reshuffles Top Management at its Investment Banking Division
Zürich, Switzerland-based multinational financial services holding company, Credit Suisse Group on Friday announced that it has commenced reshuffling top management of its investment banking …
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Virginia Sues 13 Banks for $1.15Billion over alleged Mortgage Bond Fraud
Citigroup, Bank of America, Goldman Sachs Group, Barclays, HSBC and Royal Bank of Scotland are among 13 banks whose units were sued for $1.15bn …
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Little smugness as Credit Suisse Q1 profit climbs
That little smugness must have appeared as Credit Suisse Group AG, which happens to be the Switzerland’s second biggest bank, informed that its quarterly earnings topped analysts’ projections. The bank is slowly levering itself on feet after facing many challenges, including restructuring, debt, etc.
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Weak Investment Business Hits Credit Suisse’s Q4 Profits
Swiss bank Credit Suisse informed that it would further cut costs as it saw its fourth quarter profits be lower than initially expected. As it was highlighted, the fourth quarter profits slumped as the investing business of the bank proved to be frail
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Honda shows a profit rise
Honda Motor Co., Japan’s third largest automaker, published its first-quarter profit. Honda’s quarterly profit rose to 131.7 billion yen ($1.7 billion) as the Japanese company recovered from the 2011 natural disasters selling more cars in all key regions except for Europe. The first quarter profit, which was reported by Honda, missed experts’ estimates after the Japanese currency strengthened and the company decided to increase marketing spending to sell outgoing models.
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Celgene thinks over the bid for Human Genome Sciences
There are two companies apart from Glaxo that are in the process of discussion to make a bid for Human Genome according to reports from sources who are familiar with the situation. Among them Celgene is at a preferable position if it at all makes a bid. As per the source who talked on condition of anonymity stated that it would be more or less a merger of equals situation even though he did not quite identify the other bidder.
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AT&T’s $39bn deal with T-Mobile: Morgan Stanley Smiling All The Way
AT&T’s $39 billion blockbuster takeover of T-Mobile marks the biggest global telecom deal since AT&T’s $89.4 billion buy of BellSouth in 2006. The latest among …
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Return to first-yearly profit post-financial crisis for Swiss banking giant UBS
A significant turn-around since a loss of 2.7bn francs in 2009, UBS, Switzerland’s biggest bank, has posted a net profit of 7.2bn Swiss francs …
