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BUSINESS
April 26, 2007 | From the Associated Press and Bloomberg News
Bidding for one of the largest takeovers in corporate history escalated Wednesday as a group led by Royal Bank of Scotland said it planned a bid worth almost $100 billion for ABN Amro that tops Barclays' offer by more than 10%. Shareholders immediately pressured ABN to commit to accepting the highest bid, ahead of the Dutch bank's annual shareholders' meeting today, and analysts said the key battleground was LaSalle Bank Corp. in the U.S.
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CALIFORNIA | LOCAL
January 28, 2003 | From Associated Press
George Younger, a Conservative Party lawmaker who was defense secretary in the government of former Prime Minister Margaret Thatcher, has died. He was 71. Younger died Sunday at the family compound in Scotland, former colleagues said. A spokesman for the Royal Bank of Scotland, where Younger was once chairman, said the cause of death was cancer.
BUSINESS
May 4, 2007 | From the Associated Press
Eager to fill one of the few holes in its coast-to-coast business, Bank of America Corp. hinted Thursday that it wasn't likely to back down without a fight after a Dutch court blocked its purchase of LaSalle Bank Corp.
BUSINESS
February 12, 2012 | By Andrew Hill
Throughout industrial history, managers have tried to use science to analyze, categorize and, occasionally, pulverize the human element in their ventures so they can direct it more easily to their ends. Charles Dickens memorably satirized this desire in the character of Thomas Gradgrind, the utilitarian educationalist in "Hard Times," who was determined to "teach these boys and girls nothing but facts" and "to weigh and measure any parcel of human nature, and tell you exactly what it comes to. " A new book, "Calculating Success: How the New Workplace Analytics Will Revitalize Your Organization," advocates a similarly fact-based approach to workplace challenges.
ENTERTAINMENT
August 6, 2010
Some Haitians have serious reservations about Wyclef Jean's candidacy for president. ( Los Angeles Times ) Sean Penn is suspicious too. ( Pop Eater ) TLC will give polygamists the "Jon and Kate" treatment this fall with "Sister Wives. " ( Los Angeles Times ) Rosie O'Donnell will join Oprah's cable network. ( Los Angeles Times ) Corbin Bernsen injured in bar brawl in Ohio. ( Huffington Post ) Laurence Fishburne's friends tried to buy up all of his daughter's porn DVDs.
BUSINESS
June 19, 2010 | David Pierson, Los Angeles Times
China's central bank said Saturday that it would permit more flexibility in the nation's currency — a move that suggested the country was ready to raise its exchange rate modestly against the dollar. In a statement posted on its website, the People's Bank of China said the decision was prompted by recoveries in both the global and Chinese economies. President Obama welcomed the news. "China's decision to increase the flexibility of its exchange rate is a constructive step that can help safeguard the recovery and contribute to a more balanced global economy," he said in a statement.
BUSINESS
November 11, 2008 | Times Wire Services
Sempra Energy, owner of the largest U.S. natural-gas utility, said third-quarter profit was little changed as increased earnings from power generation helped offset its reduced stake in a commodities-trading venture with Royal Bank of Scotland Group. Net income rose to $308 million, or $1.24 a share, from $305 million, or $1.15, a year earlier, the San Diego-based company said. Revenue rose 1.1% to $2.69 billion. Net income from power generation soared 62% to $94 million, mostly on the increased value of long-term energy contracts with RBS Sempra Commodities and other parties when adjusted to reflect changing market prices.
BUSINESS
July 18, 2001 | Associated Press
Mellon Financial Corp. said it's selling its retail banking business to Citizens Financial Group, the U.S. arm of Royal Bank of Scotland Group, for $2.1 billion in cash. The sale will return Mellon to its roots as a private bank, managing money for individuals and corporations, Chief Executive Martin G. McGuinn said. The deal, which includes operations in Pennsylvania, Delaware, New Jersey and Virginia with total assets of $16.
BUSINESS
January 21, 2009 | ASSOCIATED PRESS
The financial crisis has raised questions about the solvency of Britain's banks that may lead the Bank of England to buy up assets from them within "weeks, not months," the central bank's governor, Mervyn King, said Tuesday.
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