Julius Baer Buys Merrill Lynch Wealth Business Outside US
Julius Baer Holding AG (BAER.VX) Monday said it will acquire Merrill Lynch's wealth management business based outside the U.S. from Bank of America as well as raise fresh equity to bolster its finances as the Swiss private-banking specialist seeks to widen its global footprint.
Polish KGHM Net Falls As Low Prices Bite
Polish copper miner KGHM Polska Miedz SA (KGH.WA) Monday reported a 35% drop in its second-quarter unconsolidated net profit to 1.54 billion zlotys ($465 million) as lower copper prices and a new royalty on copper and silver production start to bite.
Meridian Energy FY12 Net Profit Dented By Record Low Water Inflows
A sharp drop in Meridian Energy Ltd.'s profit in the year to June 30 is unlikely to dent the company's valuation as it prepares to hit the market, as it was down to a fall in electricity production caused by water inflows hitting a 79-year low, analysts said Monday.
Sun Pharma $39.50/Unit Offer to Remaining Taro Shareholders Accepted
Sun Pharmaceutical Industries Ltd. (524715.BY), India's largest pharmaceutical company by market capitalization, said Monday its offer to buy out the remaining shareholders of Taro Pharmaceutical Industries Ltd. (TARO) at $39.50 a share in cash has been accepted.
Hong Kong's Occupy activists can be evicted, judge says
Hong Kong's Occupy movement needs to find a new home. A judge on Monday granted a legal motion by HSBC to clear out anti-capitalist protesters from a public space below the bank's headquarters in the southern Chinese financial center. The judge ruled that the activists must leave by 9 p.m. on
Braves score 4 runs with 2 outs in 9th, fall short in trip-ending 6-5 loss to Mets
Ben Sheets was long gone by the time this game got interesting. With the Atlanta Braves trailing the New York Mets by five runs, Frank Francisco walked a pair of batters with the bases loaded and two outs in the ninth inning, then gave up a two-run double to Martin Prado that put the potential
Afghan officials met with top-ranking, jailed Taliban leader
Afghan government representatives have met with a top-ranking Taliban member in his prison cell in Pakistan, an official said, suggesting a small step toward reopening stalled peace talks with the insurgent group.
Drug caravan to visit more than 20 US cities, calls for end to war on drugs
A coalition calling for an end to the war on drugs began its monthlong campaign Sunday in San Diego that will take it to more than 20 U.S. cities.
Junk food laws may help curb child obesity, study says
A new study says laws curbing the sale of junk food and sweet drinks could play a role in slowing childhood obesity.