common shares

Canada’s Nexen oil company shareholders approve Chinese takeover for $15.1 billion


September 22nd, 2012 - 9:21 pm ICT by BNO News
CALGARY, CANADA (BNO NEWS) -- Canadian oil and gas company, Nexen Inc., on Thursday announced that its shareholders have approved the proposed takeover by China National Offshore Oil Company (CNOOC).The Plan of ... Read more...

Posted in Business |

AIG pays back $1.5 bn to US Treasury


March 23rd, 2012 - 2:58 pm ICT by IANS
Washington, March 23 (IANS) The US Treasury Department said Thursday that American International Group (AIG) repaid an additional $1.5 billion, a further step to exit from the government's financial rescue ... Read more...

Posted in Business |

Wall Street rises sharply


August 30th, 2011 - 4:54 am ICT by IANS
New York, Aug 30 (IANS) The Wall Street surged Monday as hurricane Irene was not as bad as previously estimated, with Dows jumping over 250 points and Nasdaq increasing over ... Read more...

Posted in Business |

Plan to build electric motorcycles in Brazil


August 9th, 2011 - 11:55 am ICT by IANS
Rio de Janeiro, Aug 9 (IANS/EFE) Brazilian utility Light has announced that it acquired an interest in the plant that China's Zongshen group is building in Brazil to produce electric ... Read more...

Posted in Uncategorized |

Facing lawsuit, BlackBerry rebuts investor charges


May 28th, 2011 - 11:37 am ICT by IANS
Toronto, May 28 (IANS) BlackBerry maker Research In Motion (RIM) Friday confirmed a lawsuit seeking "unspecified damages" has been filed against it in a US court for allegedly keeping investors ... Read more...

Posted in Business |

Probe into whether BlackBerry misguided shareholders


May 25th, 2011 - 12:04 pm ICT by IANS
Toronto, May 25 (IANS) A US law firm is probing whether BlackBerry maker Research In Motion (RIM) deliberately kept its shareholders in the dark about its problems in releasing new ... Read more...

Posted in Business |

Arcelor, partner in virtual takeover of iron-ore giant


February 19th, 2011 - 2:34 pm ICT by IANS
By Gurmukh Singh Toronto, Feb 19 (IANS) With their final offer of buying the remaining common shares expiring Thursday, ArcelorMittal and Nunavut Iron Ore Acquisition have almost acquired total control of Toronto-based ... Read more...

Posted in Business |

ArcelorMittal, partner nearing absolute control of Baffinland


February 8th, 2011 - 1:01 pm ICT by IANS
By Gurmukh Singh Toronto, Feb 8 (IANS) ArcelorMittal and Nunavut Iron Ore Acquisition Inc., which jointly acquired Canada's iron ore-rich Baffinland Iron Mines Corporation last month, Monday announced further consolidation of their ... Read more...

Posted in Business |

ArcelorMittal, partner buy more Baffinland stock


February 2nd, 2011 - 3:02 pm ICT by IANS
By Gurmukh Singh Toronto, Feb 2 (IANS) ArcelorMittal and Nunavut Iron Ore Acquisition Inc., which are now the joint owners of Canada's iron ore-rich Baffinland Iron Mines Corporation, Tuesday announced taking up ... Read more...

Posted in Business |

ArcelorMittal again gets nod from Canadian company for takeover


January 5th, 2011 - 12:42 pm ICT by IANS
By Gurmukh Singh Toronto, Jan 5 (IANS) Backing ArcelorMittal once again, Toronto-based Baffinland Iron Mines Corporation has asked its shareholders to reject the higher offer by rival Nunavat Iron Ore Acquisition Inc ... Read more...

Posted in Business |

ArcelorMittal hikes bid for Canadian iron ore giant


January 1st, 2011 - 3:40 pm ICT by IANS
By Gurmukh Singh Toronto, Jan 1 (IANS) Toronto-based Baffinland Iron Mines Corp Friday asked its shareholders to accept ArcelorMittal's higher offer of $1.40 a share or $550.7 million. The world's biggest steel ... Read more...

Posted in Business |

J. Crew agrees to $3 billion buyout offer


November 24th, 2010 - 2:02 am ICT by BNO News
NEW YORK (BNO NEWS) -- J. Crew Group, Inc. on Tuesday announced that it has entered into a definitive agreement to be acquired by funds affiliated with TPG Capital and Leonard Green ... Read more...

Posted in Business |

General Motors files for initial public offering


August 19th, 2010 - 3:12 am ICT by BNO News
DETROIT (BNO NEWS) -- General Motors Co. on Wednesday filed a initial public offering with the Securities and Exchange Commission to reduce the U.S. to a minority investor, the company said in ... Read more...

Posted in Business |

Facebook CEO Accused Of Perpetrating Fraud


May 21st, 2010 - 10:45 pm ICT by Pen Men At Work
May 21, 2010 9Pen Men at Work): The massively popular social networking website, Facebook, now has another accusation to sort out. As it is, Facebook has, of late, been encountering harmful publicity ... Read more...

Posted in Technology Industry News |

Continental and United to form world’s largest airline


May 3rd, 2010 - 6:22 pm ICT by IANS
Houston/Chicago, May 3 (DPA) US airlines United and Continental Monday announced a "merger of equals", which is set to create the world's largest airline. Falling passenger numbers, high fuel prices and intense competition ... Read more...

Posted in World |

Range Metals Inc. Announces Effective Date of Name Change


January 12th, 2010 - 3:37 pm ICT by BNO News
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 11, 2010) - Further to its news release of January 7, 2010, Range Metals Inc. (CNSX:RGO)(FRANKFURT:YGK) is pleased to announce that, effective Wednesday, January 13, 2010, its ... Read more...

Posted in Business |

Amazon third quarter results announced, shares up 20%


October 23rd, 2009 - 8:38 pm ICT by Aishwarya Bhatt
Seattle, Oct 23 (THAINDIAN NEWS) Amazon.com Inc. today announced financial results for its third quarter ending on September 30, 2009. As a result of Amazon’s favorable 3rd quarter results, its shares ... Read more...

Posted in Business |

Vikram Pandit stays as Citi reshuffles top management


July 10th, 2009 - 10:39 am ICT by IANS
By Arun Kumar Washington, July 10 (IANS) Citigroup has announced changes in several top management roles in the company in what the troubled bank's Indian American CEO Vikram Pandit described as moves that ... Read more...

Posted in Business |

Pandit’s Citi to raise $5.5 bn with stock conversion


May 8th, 2009 - 11:22 am ICT by IANS
By Arun Kumar Washington, May 8 (IANS) Ailing US banking giant Citigroup led by Indian American CEO Vikram Pandit plans to raise $5.5 billion by converting more preferred stock to common shares as ... Read more...

Posted in Business |

Tata Teleservices completes stake sale to DoCoMo


March 26th, 2009 - 7:07 pm ICT by IANS
New Delhi, March 26 (IANS) The 26 percent stake sale in telecommunications major Tata Teleservices to Japanese telecom company NTT DoCoMo has been completed, the Indian company's parent Tata Sons said Thursday. "DoCoMo ... Read more...

Posted in Business |

US government to control 36 percent of Citi; Pandit keeps his job


February 27th, 2009 - 10:52 pm ICT by IANS
Washington, Feb 27 (IANS) The US government Friday announced a deal with Citigroup that will give it control over as much as 36 percent of its common stock and replace a majority ... Read more...

Posted in World |

US may buy shares with voting rights to help “stressed” banks


February 24th, 2009 - 10:50 am ICT by IANS
Washington, Feb 24 (IANS) The US government has warned America's biggest banks that it could become their biggest shareholder with voting rights if regulators decide they are not strong enough to weather ... Read more...

Posted in Uncategorized |

Citi’s Pandit seeks to reassure employees about bank’s future (Lead)


February 23rd, 2009 - 10:23 pm ICT by IANS
Washington, Feb 23 (IANS) Amid reports that the US government is in talks to increase its stake in the Citigroup, its Indian American chief executive Vikram Pandit sought to reassure employees about ... Read more...

Posted in Uncategorized |

BlackBerry drops hostile takeover bid of Indian-owned firm (Lead)


January 21st, 2009 - 4:07 pm ICT by IANS
Toronto, Jan 21 (IANS) Blackberry maker Research in Motion (RIM) has withdrawn its offer to make a hostile bid for acquiring an encryption technology company owned by an Indo-Canadian after its action ... Read more...

Posted in Uncategorized |

BlackBerry drops hostile takeover bid


January 21st, 2009 - 2:57 pm ICT by IANS
Toronto, Jan 21 (IANS) Blackberry maker Research in Motion (RIM) has withdrawn its offer to make a hostile bid for acquiring an encryption technology company.The firm withdrew its offer Tuesday after it ... Read more...

Posted in Business |

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