Author Archives: Editor - Business News

Decision in $114 Billion Yukos Case to Be Announced Monday

Companies, agencies mentioned: GML | Energy Charter Treaty | Permanent Court | Petrochemical Industries Co. | International Chamber of Commerce | Group Menatep | The Dow Chemical Company | Yukos Oil Company Law firms mentioned: Baker Botts | Cleary Gottlieb … Continue reading

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John Edwards Appears in Front of Jury Again—as Counsel

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Jenner & Block Wields RICO to Reach Landlord Settlement

Companies, agencies mentioned: Pinnacle | Second Circuit | Legal Services Inc. New York, New York | Legal Aid Society | Jenner Block LLC | Pinnacle Group | Supreme Court of the United States | U.S. Court of Appeals Law firms … Continue reading

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China July HSBC flash PMI at 18-month high

BEIJING (Reuters) – China’s factory activity expanded at its fastest pace in 18 months in July as new orders surged, a preliminary HSBC survey showed on Thursday, the latest indication that the economy is picking up as government stimulus measures … Continue reading

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Asia stocks supported as China’s factories revive

SYDNEY (Reuters) – Asian stocks edged higher on Thursday as U.S. tech earnings impressed and a surprisingly strong reading on Chinese manufacturing bolstered hopes for recovery in the world’s second-biggest economy. The HSBC flash PMI for China came in at … Continue reading

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After second-quarter profit hit, Hyundai Motor warns of firmer won, slowing demand growth

SEOUL (Reuters) – South Korea’s Hyundai Motor said its net profit fell the most in five quarters, hit by the local currency’s sharp gain versus the dollar, and warned it sees a tough second half as the won stays strong … Continue reading

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Roche first-half sales hit by strong Swiss franc

BASEL (Reuters) – Swiss drugmaker posted a slight fall in sales in the first half, as the strong Swiss franc put the brakes on solid growth of its breast cancer medicines. The world’s largest maker of cancer drugs said first-half … Continue reading

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Am Law Trio Advises on CIT’s $3.4 Billion Buy of OneWest

Companies, agencies mentioned: OneWest | CIT | IMB Holdco | OneWest Bank | CIT Bank | Lone Star Funds | LaJolla Bank | Arps, Slate, Meagher Flom | CIT board | OneWest board | IndyMac Federal Bank | Wachtell Lipton … Continue reading

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Argentina debt mediator postpones start of New York talks

NEW YORK (Reuters) – A court-appointed mediator in the Argentina debt dispute said he had to push back by a day the start of the latest round of settlement talks on Wednesday because the Argentine delegation “could not get here … Continue reading

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NY Fed found serious problems at Deutsche Bank’s U.S. arms: sources

FRANKFURT (Reuters) – The Federal Reserve Bank of New York has found serious problems in Deutsche Bank AG’s DBKGn.DE U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, people close to the matter told Reuters. In … Continue reading

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