Unsecured creditors in the Lehman Brothers Holdings Inc. bankruptcy have accused Barclays PLC of knowingly ripping off the struggling investment banking firm when it entered into a deal to buy Lehman’s brokerage business for $45 billion, responding to Barclays' objections to a bid to modify the deal.
Delta Petroleum Corp. has said it will sell 37.5 percent of its assets in Colorado's Piceance Basin to Opon International LLC for $400 million.
Beginning Monday, the Senate Banking Committee will begin work on the long-delayed, much-anticipated financial regulatory reform bill written by Sen. Chris Dodd, D-Conn. Five emerging battlegrounds may ultimately decide the fate of Dodd's legacy bill, experts say.
Germany's economics minister proposed revisions to the country's telecommunications law Friday that would allow the German network regulator to force vertically integrated companies to split their wholesale and retail offerings into separate business units in cases of extreme, ongoing competition problems.
British-Australian mining company Rio Tinto Ltd. on Friday agreed to a $1.35 billion deal with Aluminum Corp. of China Ltd. to develop a large iron ore reserve in the West African country of Guinea.
Banking industry technology provider Metavante Corp. has reached a settlement with a derivative arm of Lehman Brothers Holdings Inc. in a dispute over a swap contract, following Metavante’s appeal of a finding that it owed more than $6.6 million under the deal.
The Federal Communications Commission is seeking comments on the proposed merger of Comcast Corp. and NBC Universal Inc., asking for public input on the transfer of certain broadcast rights that need to happen for the giant media deal to go through.
Turning away bids from other private equity firms, Extended Stay Hotels LLC has chosen a recapitalization plan that provides the bankrupt hotel chain with $905 million in funding and hands a controlling stake in the reorganized company to Starwood Capital Group.
Britain's Office of Fair Trading wants the European Commission to investigate Procter & Gamble Co.'s proposed acquisition of Sara Lee Corp.'s air care business.
Plaintiffs in a pair of putative class actions alleging misrepresentations about the merger that created the Financial Industry Regulatory Authority have appealed the dismissal of their suits.
In a move designed to help drive its growth in key European markets, Teva Pharmaceutical Industries Ltd. has agreed to fork over $4.93 billion to acquire Ratiopharm GmbH, Germany's second-largest generics maker and the sixth-largest generic-drug company worldwide.
A Delaware judge has refused to expedite a trial in Air Products and Chemicals Inc.'s tiff with the directors of rival Airgas Inc., whom Air Products sued for rebuffing its hostile takeover bid, saying the issue is developing outside the courtroom.
Bankrupt lender American Home Mortgage Holdings Inc. has asked a judge to approve a settlement with the buyer of its mortgage servicing unit, seeking to put to rest about $17 million in claims over unauthorized payments to investors and other alleged breaches of the sale agreement.
Massey Energy Co. has revealed plans to increase its coal reserves by purchasing privately held Cumberland Resources Corp. and affiliated companies for $960 million in cash and stock.
Europe's largest pension fund has sued Bank of America Corp. and a score of executives for hiding bonus payouts and "massive" losses during the banking giant's 2008 takeover of Merrill Lynch & Co.
Medtronic Inc. is planning to offer $3 billion of debt in a three-part sale, a move the medical device giant said would help generate cash for working capital and general corporate purposes, including possibly paying down its indebtedness.
Following a settlement, Asahi Kasei Pharma Corp. has dropped a suit to enforce a $91 million arbitration award against Cotherix Inc. over a drug licensing deal that went south in the wake of a Cotherix merger.
Citigroup Inc. revealed further details of an initial public offering for its Primerica Inc. subsidiary on Wednesday, saying it will sell 18 million shares of its life insurance unit for $12 to $14 per share.
EMC Corp. has sued two former employees for allegedly using proprietary information to start a rival consulting company, an action EMC says violates an agreement the pair signed when it hired them and acquired their former business for more than $200 million.
Japanese pharmaceutical giant Astellas Pharma Inc. wants to replace the board of OSI Pharmaceutical with its own nominees as it pushes forward with its $3.5 billion hostile takeover bid.