Following a bankruptcy examiner's report that questioned accounting practices used by Lehman Brothers Holdings Inc. before its collapse, the Public Company Accounting Oversight Board has said it will consider a new standard for what communications an auditor should be required to have with a corporate board's audit committee.
The U.S. Court of Appeals for the Eleventh Circuit has struck down an injunction barring The Bank of New York Mellon Corp. from enforcing noncompete agreements it struck with two portfolio managers who sold their investment management business to BNY Mellon.
An investment banker at UBS Securities LLC has been accused of giving people tips on upcoming mergers as part of an insider trading ring that allegedly netted about $1 million in illicit profits by trading ahead of mergers involving pharmaceutical companies.
Herbert Smith LLP has snapped up two counsel from Linklaters LLP, a move that will give a boost to its energy finance team.
CCMP Capital Advisors LLC plans to fork out $345 million to acquire a stake in independent oil and gas production and exploitation company Chaparral Energy Inc., a move the private equity firm said would help grow its energy business.
Australian gas exploration company BG Group PLC agreed Wednesday to supply state-owned China National Offshore Oil Corp. with 3.6 million tons of liquefied natural gas annually for the next 20 years, in a deal estimated to be worth up to $70 billion.
Banking giant Wells Fargo & Co. revealed Wednesday that it has agreed to acquire most of the North American factoring portfolio of General Motors Acceptance Corp.'s commercial services division, which represents about $4 billion in annual volume of factored receivables.
Following up on a suit accusing Becton Dickinson & Co. of infringing eight patents related to a diagnostic test system, Gen-Probe Inc. has launched a new suit claiming that a product Becton Dickinson obtained in its recent acquisition of HandyLab Inc. also infringes four of the patents.
A former Duane Morris LLP and DLA Piper corporate finance partner based in Singapore has reportedly been sentenced to two months in jail on charges that he lied about how much he made at DLA Piper in order to obtain a higher salary at Duane Morris.
ConocoPhillips Co. announced Wednesday that it will sell half of its 20 percent stake in Russian oil giant Lukoil as part of a program to reduce debt and improve finances at the energy conglomerate.
ProtoStar Ltd.'s committee of unsecured creditors plans to appeal a bankruptcy judge's approval of $5 million in bonus payments to company managers for the combined $385 million sale of two satellites.
Executives at American International Group Inc., Chrysler Group LLC, Chrysler Financial, General Motors Co. and GMAC Inc. will face additional pay cuts in 2010, and 400 other firms that received government funds will face an inquiry into their compensation practices, the Obama administration’s pay czar said Tuesday.
Quadra Mining Ltd. and FNX Mining Co. Inc. announced on Tuesday they have agreed to merge, creating a new company with a combined market capitalization of $3.5 billion and with 300 million pounds of anticipated copper production for 2011.
Triumph Group Inc. on Tuesday announced a deal to purchase airline parts maker Vought Aircraft Industries Inc. from private equity firm the Carlyle Group for a total $1.44 billion in cash, stock and retirement of Vought debt.
Babcock International Group PLC, a U.K.-based engineering services company serving the nuclear energy and defense industries, has reached a deal to buy rival VT Group PLC for £1.3 billion ($2 billion), the companies announced Tuesday.
Perrigo Co. said Tuesday it will gobble up baby food maker PBM Holdings Inc., the world's biggest manufacturer of store-brand infant formulas, for $808 million in cash.
A federal appeals court has ruled that bankrupt news publisher Philadelphia Newspapers LLC has the right to bar lenders from credit bidding at an upcoming asset auction sale, affirming a district court's interpretation of the U.S. Bankruptcy Code's latest hot-button statute.
Oracle America Inc. has objected to the $75 million proposed sale of bankrupt medical technology provider Spheris Inc. to MedQuist Inc. and CBay Inc., saying it wants the court to deny any provision that would allow for the unauthorized transfer of its software.
German automaker Volkswagen AG said Tuesday that it plans to raise more than $6 billion in new capital by issuing some 65 million preferred shares, helping it finance recent major acquisitions and preserve its creditworthiness.
Thomson Reuters Corp. said Tuesday it will repurchase its $700 million principal amount of 6.2 percent debt securities that will come due in January 2012.