German Foreign Minister: Don't Let eurozone Debate Turn Nasty
After a weekend of ugly exchanges, Guido Westerwelle warned politicians to rein in the language they use about the debt crisis.
Cognizant Posts Revenue of $1.8B, Raises Full-Year Profit Forecast
The information technology services provider reported its net income rose to $251.9 million as demand for its outsourcing services climbed in the quarter.
Portugal Banks' ECB Borrowing Down 6% in July
The country's banks' borrowing dropped last month after hitting a record high in June as lenders strove to reduce their dependency on ECB funds.
Spyker Files Lawsuit Against GM Over Saab Automobile
Spyker NV (SPYKR.AE), the owner of Swedish car maker Saab Automobile AB before its financial collapse late last year, Monday said it has filed a $3 billion lawsuit against General Motors Co. (GM) claiming the U.S. car giant drove the Swedish company into bankruptcy.
TNT Express Convinced UPS Deal Will Go Ahead
TNT Express NV (TNTE.AE) Supervisory Board Chairman Antony Burgmans said Monday he is still convinced the European Commission will approve the acquisition of the Dutch package shipper by U.S. rival United Parcel Service Inc. (UPS).
Knight Capital Confirms $400 Million Investment Pact
Knight Capital Group Inc. (KCG) on Monday confirmed that the embattled brokerage had agreed to a $400 million rescue plan that would help fill a hole left by errant trading last week.
Genel Energy Buys Extra 21% Interest in Bina Bawi Block for $240 Million
Genel Energy PLC (GENL.LN), an oil and gas company, said Monday it has agreed to acquire an additional 21% interest in the Bina Bawi exploration block in the Kurdistan Region of Iraq from Hawler Energy Ltd. for 240 million dollars, payalb from its existing cash resources.
Fed Chief: Many Families Not Feeling Economic Recovery
Ben Bernanke said some key aggregate metrics show economic recovery but many people and businesses are still facing tough times.
White Knight: Knight Capital Gets $400M Rescue
With a potential bankruptcy filing looming, Knight Capital unveiled a $400 million rescue on Monday that will keep the embattled market maker in business but massively dilute existing shareholders.
Statoil Accepts NOK3 Million Fine for Disclosure Breaches
Norwegian oil and gas major Statoil ASA (STO) said Monday it has accepted a fine of NOK3 million from Norwegian authorities for breaches of certain formal requirements in the Securities Trading Act section 3-5 in connection with the Johan Sverdrup discovery stock market announcement Aug. 16, 2011.