By Kim Yeon-hee SEOUL (Reuters) - A South Korean high court on Tuesday cleared U.S. private equity house Lone Star of manipulating the stock price of a former credit card firm, removing an obstacle to HSBC's $6.3 billion deal to buy control of...
Money Morning submits: By Jennifer Yousfi After posting four consecutive quarterly losses, CIT Group Inc. CIT took a step in the right direction Tuesday, announcing it struck $1.8 billion in separate deals with Lone Star Funds and a subsidiary of Warren Buffet’s Berkshire Hathaway Inc. (BRK.A, BRK.B). by...
In recent years, state and local organizations in Texas have been aggressively working to promote and develop enterprise-wide information technology solutions. AMS has established a successful track record of partnering with the state of Texas to deploy enterprise-wide systems. AMS is a leading provider of enterprise resource planning ERP/budget and...
SEOUL (Reuters UK) - HSBC Holdings HSBA, whose $6.3 billion (3.15 billion pound) bid to buy Korea Exchange Bank KEB has stalled over a legal saga, pledged on Tuesday to keep KEB listed and name local directors if the acquisition goes through. The pledges,...
U.S. Steel agreed to buy Lone Star Technologies, whose products are used to line oil and gas wells and build pipelines, for $2.1 billion. In the past three years, the energy industry has invested billions of dollars in new gas and oil sources in North America. Officials...
By Elinor Comlay NEW YORK (Reuters) - CIT Group Inc CIT said on Tuesday it agreed to sell nearly $10 billion of mortgage assets, in a deal that removes problem loans from the commercial lender's balance sheet and lifted its shares 14 percent...
