FOREXLEARNING

Judge narrows $1 billion Madoff case vs NY Mets owners »

By Jonathan Stempel and Grant McCool
NEW YORK | Tue Sep 27, 2011 7:45pm EDT

NEW YORK (Reuters) – A federal judge narrowed a $1 billion lawsuit against owners of the New York Mets baseball team by the trustee seeking money for Bernard Madoff’s victims, and cast skepticism [...]

Ex-BP boss Hayward makes $4 billion bet on Genel Energy »

By Tom Bergin
LONDON | Wed Sep 7, 2011 6:14am EDT

LONDON (Reuters) – Former BP boss Tony Hayward has returned to the oil business with an agreement to acquire Turkish explorer Genel Energy via a reverse takeover to create a Kurdistan-focused group worth $4 billion.

Vallares, an investment [...]

Obama to propose $300 billion jobs package: report »

WASHINGTON | Tue Sep 6, 2011 10:46pm EDT

WASHINGTON (Reuters) – President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans to lay out a $300 billion job-creation package on Thursday, CNN reported, citing Democratic sources.

The proposed new spending, to be announced by Obama [...]

Apache to buy Mariner for $2.7 billion »

(Reuters) – Apache Corp (APA.N) said it will acquire smaller oil and natural gas explorer Mariner Energy Inc (ME.N) for $2.7 billion, in a bid to extend its operations into deepwater Gulf of Mexico.

Deals

Apache said the stock and cash deal valued Mariner’s common stock at $26.22 per share, a 45 percent premium over its Wednesday [...]

GM posts $4.3 billion loss, says 2010 profit possible »

DETROIT (Reuters) – General Motors Co posted a net loss for 2009, but said it was possible to make a profit this year and that it was laying the foundation to return to public ownership.

GM reported a $4.3 billion 2009 net loss covering the period from its emergence from bankruptcy in July through the end [...]

Dai-ichi Life gains on debut after $11 billion IPO »

TOKYO (Reuters) – Dai-ichi Life Insurance rose 14 percent on its debut on Thursday after pricing its $11 billion IPO at a discount to rivals, but investors remain wary of its growth prospects outside a mature Japanese market.

Deals  |  Asian Markets

The IPO was the world’s largest since Visa Inc’s $19.7 billion offering two years ago and was [...]

Geely signs $1.8 billion deal for Ford’s Volvo car unit »

Geely signs $1.8 billion deal for Ford’s Volvo car unit
GOTHENBURG, Sweden
(Reuters) – Zhejiang Geely Holding Group, China’s largest private-run car maker, agreed on Sunday to buy Ford Motor’s (
F.N
) Volvo car unit for $1.8 billion, the country’s biggest overseas auto purchase.
The takeover underscores China’s arrival as a major force [...]

Teva to buy Ratiopharm for nearly $5 billion »

TEVA.TA
) has won the battle for German generic drugmaker Ratiopharm, paying an enterprise value of 3.625 billion euros to fix the industry leader’s weakness in the world’s second-largest generics market.
Teva, which beat U.S. drugs powerhouse Pfizer (
PFE.N
) and Iceland’s Actavis in the race for Ratiopharm, said the combined company would have [...]

$4 billion yanked from stock funds in February (Reuters) »

BOSTON (Reuters) –
Investors in February pulled an estimated $3.7 billion from U.S. stock-focused mutual funds, dashing hopes of a rebound in demand for equities, while showering $19.7 billion on
, according to a report from Morningstar.
U.S. stock funds
last year, analysts thought the trend might have turned around in January, when investors added a [...]

MetLife buying AIG’s Alico unit for $15.5 billion »

MetLife buying AIG’s Alico unit for $15.5 billion
AIG.N
MET.N
) for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a $182.3 billion U.S. government bailout.
MetLife said on Monday that it would pay AIG $6.8 billion in cash and about $8.7 billion in equity for [...]