The European Commission confirmed unannounced inspections in crude oil, refined oil products and biofuels sectors. The commission said it has concerns that several companies active in and providing services to these sectors may have colluded in reporting distorted prices.. read on...
Constellium Holdco B.V., which makes aluminum products, plans to sell 22.22 million Class A shares at between $17 and $19 apiece in an initial public offering (IPO). read on...
Frank's International N.V., a provider of tubular services to the oil and gas industry, has filed to raise up to $500 million in an initial public offering (IPO) of its common stock. The company - whose customers include: Chevron Corp (CVX), Exxon Mobil Corp (XOM), Anadarko (APC), BP (BP) and ConocoPhillips (COP) - plans to use the proceeds from the offering to repay outstanding notes. read on...
Foot Locker Inc. (NYSE: FL) is strengthening its presence in Germany through the acquisition of Runners Point Group (RPG), an athletic store and online retailer, for 72 million euros ($95 million). The New York-based specialty athletic retailer said the deal will provide the company with additional banners to expand its European business. read on...
The European Commission has sent Statement of Objections to Google Inc.'s (NASDAQ: GOOG) Motorola Mobility on potential misuse of mobile phone standard-essential patents (SEPs). Motorola Mobility's seeking and enforcing of an injunction against Apple Inc. (NASDAQ: AAPL) in Germany on the basis of its mobile phone SEPs amounts to an abuse of a dominant position prohibited by EU antitrust rule. read on...
U.S. stocks closed sharply higher as move by the European Central Bank (ECB) to cut its key interest rate read on...
U.S. stock-index futures pointed to a sharply higher opening on the Wall Street as investors digested read on...
GW Pharmaceuticals Plc, a U.K.-based developer of cannabis-based therapeutics, has priced its initial read on...
U.S. stocks ended in green as a better-than-expected data on pending homes sales and news from Italy buoyed read on...