3 min read · 15 September 2010
1 min read · 13 September 2010
(Reuters) - British defense group BAE Systems (BAES.L) has hired advisors to sell some of its U.S. component manufacturing businesses as it looks to shift its focus to support and maintenance operations.
2 min read · 13 September 2010
PAETEC Holding Corp. said it has agreed to acquire Cavalier Telephone Corp. from M/C Venture Partners in an all-cash deal valued at $460 million. The transaction would give the provider of local communications services approximately 17,000 additional fiber-route miles. Together the combined company would have generated about $381 million in adjusted EBITDA on $1.95 billion in revenue for the 12 months ended June 30, including $30 million in expected future cost savings.
8 min read · 13 September 2010
(Reuters) - Global regulators, aiming to prevent any repeat of the international credit crisis, agreed on Sunday to force banks to more than triple the amount of top-quality capital they must hold in reserve. The biggest change to global banking regulation in decades, known as "Basel III", will require banks to hold top-quality capital totalling 7 percent of their risk-bearing assets, up from just 2 percent under current rules.
4 min read · 13 September 2010
3 min read · 09 September 2010
3 min read · 09 September 2010
5 min read · 08 September 2010
3 min read · 07 September 2010
3 min read · 07 September 2010
