PARIS (Reuters) - French financial holding firm Eurazeo said on Saturday it is in exclusive talks to sell its B&B Hotels chain to U.S. private equity firm the Carlyle Group. The negotiations assume an enterprise value for the business of 485 million euros ($633 million), Eurazeo said in a ...More
VIENNA (Reuters) - BP Plc is seeking to sell its German petrol station chain Aral for around 2 billion euros ($2.6 billion), German magazine Wirtschaftswoche reported on Saturday, citing investment bankers familiar with BP's plans. Wirtschaftswoche said France's Total, Russia's Rosneft and Avia, an independent chain of ...More
NEW YORK (Reuters) - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery. The Standard & Poor's 500 <.SPX> index has been stuck near its 200-day moving average, a level ...More
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke's personal finances recovered in 2009, disclosure forms released by the central bank on Friday showed. Bernanke listed assets in a range of $1.2 million to $2.5 million. They had slipped to between $822,011 to $1.8 million in the ...More
NEW YORK (Reuters) - Jesup & Lamont Inc, a 133-year-old brokerage, filed for Chapter 11 bankruptcy on Friday in Manhattan, a month after it was shut down by regulators for failing to have enough capital. The New York-based company had $41.2 million in assets and $24.6 million in debts on ...More
OTTAWA (Reuters) - Research In Motion is not known for its dramatic flair. Like the BlackBerry itself, with its renowned email security, the Canadian smartphone maker seems to put function before form. But RIM may break with tradition next Tuesday when it raises the curtain on its long-awaited answer to the ...More
WASHINGTON (Reuters) - Northwest Airlines, now a part of Delta Air Lines <DAL.N>, has agreed to plead guilty to conspiring to fix the prices of air cargo, the U.S. Justice Department said on Friday. Northwest agreed to plead guilty to a single felony count that its now-shuttered Northwest Airlines ...More
NEW YORK (Reuters) - New York Attorney General Andrew Cuomo has subpoenaed six more insurers as the state widens a probe into whether life insurance companies have defrauded families of deceased members of the military. Genworth Financial Inc <GNW.N>, Guardian Life of America, AXA SA's <AXAF.PA> MONY Life ...More
