May 10, 2006 |
Credit Suisse Group, Switzerland's second-biggest bank, agreed to pay $90 million to Enron Corp. to settle a lawsuit related to the energy company's bankruptcy. Under the settlement, Credit Suisse will forgo $337 million in claims that it was seeking in the bankruptcy case, Houston-based Enron said Tuesday. Claims in the case were worth from 18 cents to 20 cents on the dollar.
February 12, 2012 |
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.
April 26, 2007 |
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.
CALIFORNIA | LOCAL
January 28, 2003 |
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.
May 4, 2007 |
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.
July 18, 2001 |
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.
January 21, 2009 |
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.
March 28, 2008 |
A Texas judge issued a restraining order that in effect bars the banks that promised to finance the $19.5-billion buyout of Clear Channel Communications Inc. from backing out yet. Bexar County Judge John D. Gabriel issued a temporary restraining order just four hours after Clear Channel and the private equity buyers, led by Bain Capital and Thomas H. Lee Partners, sued Wednesday in Texas and New York.
August 3, 2007 |
Sempra Energy said second-quarter profit fell 26% from last year even as its energy-trading business produced strong results. The company earned $277 million, or $1.05 a share, compared with $373 million, or $1.43, a year earlier. The 2006 figure included $188 million, or 72 cents a share, from selling a coal-fired power plant in Texas and other assets. Revenue climbed 7% to $2.66 billion.