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SandRidge CEO Tom Ward Ousted, Bennett Takes Job
By Reuters
06/19/2013 5:25:02 PM ET
EDITOR'S NOTE: This story has been updated throughout.
OKLAHOMA CITY, Okla. (Reuters)—The board of directors of SandRidge Energy Inc. on Wednesday [June 19] said it removed Tom Ward as chief executive, and named its president, James Bennett, to replace him, citing a need for new leadership at the U.
Icahn Reiterates Commitment For Dell Buy
By Reuters
06/19/2013 3:37:19 PM ET
NEW YORK (Reuters)—Carl Icahn reiterated his interest in owning Dell Inc. and said the $5.2 billion in financing he's putting together to back his bid for the company continues to move forward as planned.
Euro Zone: Revision of Cypriot Bailout Terms Unlikely
By Reuters
06/19/2013 3:02:46 PM ET
BRUSSELS (Reuters)—The euro zone does not intend to change the terms of Cyprus's bailout as requested by Cypriot President Nicos Anastasiades in a letter sent to euro zone leaders and its lenders, three senior euro zone officials said on Wednesday [June 19].
Cyprus secured €10 billion ($13 billion) in emergency loans from the euro zone's bailout fund in April to avoid bankruptcy.
Lawyer: Porsche Plaintiffs Bolstered By Court Ruling
By Reuters
06/19/2013 12:16:45 PM ET
BERLIN (Reuters)—Investors suing Porsche SE for more than €4 billion ($5.4 billion) over its failed attempt to take over Volkswagen in 2008 may take encouragement from a German court ruling on Wednesday [June 19], a lawyer said.
Tinkler Sells Whitehaven Stake to Farallon-led Group
By Reuters
06/19/2013 10:07:55 AM ET
MELBOURNE, Australia (Reuters)—Australia's Nathan Tinkler has handed his stake in Whitehaven Coal Ltd. to lenders to pay off most of a $634 million debt, in a deal that may eventually put one of the country's biggest independent coal miners into play.
Hedge Fund Managers Don Hairshirts and 'Impact Investing' at Monaco Meet
By Reuters
06/18/2013 2:20:46 PM ET
MONACO (Reuters)—Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
After an extended run of poor returns, executives at a slimmed-down annual industry conference in Monaco on Tuesday [June 18] were as likely to be found talking about charitable giving as top trading ideas.
Hedge Fund Managers Don Hairshirts and 'Impact Investing' at Monaco Meet
By Reuters
06/18/2013 2:20:46 PM ET
MONACO (Reuters)—Hedge funds, once seen as a quick route to riches for managers and investors alike, are trying to reinvent themselves as more socially conscious and make money all the same.
After an extended run of poor returns, executives at a slimmed-down annual industry conference in Monaco on Tuesday [June 18] were as likely to be found talking about charitable giving as top trading ideas.
U.A.E. Revives Bourse Merger Proposal
By Reuters
06/17/2013 9:59:48 AM ET
ABU DHABI/DUBAI, United Arab Emirates (Reuters)—The United Arab Emirates has revived a proposal to merge its two main stock exchanges in a state-backed deal that could boost trade in the local market and attract more foreign investment to the Gulf state, sources familiar with the plan said.
Talks on a potential merger between the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) have occurred on and off since at least 2010.
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