Over the weekend, Obama press secretary Robert Gibbs sought to refute the “health-care reform is dead” mantra that’s been en vogue since Massachusetts voters chose Republican Scott Brown to fill Ted Kennedy’s Senate seat. …
Paul Volcker expounded on his plan to fix the financial system in a New York Times op-ed this weekend. The plan is a good one:– Prevent banks from owning hedge funds and other proprietary trading vehicles (a semi-reincarnation of the Glass Steagall Act t
After falling about 6% over the last two weeks, stocks are starting the new week and month on a positive note. Shares rose Monday morning on the back of data suggesting the economic recovery might be for real: — December personal income rose more than e
Demonstrating the challenges of cutting spending amid an economic downturn – especially in an election year — President Obama unveiled a $3.83 trillion budget for fiscal 2011 Monday as well an additional $100 billion jobs package that would boost fiscal
Health-care reform is so 2009. President Obama is vowing to make job creation his top priority in 2010. To that end, on Friday he unveiled a proposal to reward small businesses with a $5,000 tax credit for every employee they hire (with a sala
Walt Disney is looking to sell what is left of its Miramax film unit, which could bring in more than $700 million, The New York Times reports, citing a mergers and acquisitions expert with knowledge of the process.
Meanwhile, the Ontario Teachers’ Pension Plan is planning a 1.7 billion pound bid for Britain’s Northumbrian Water, according to the Sunday Times newspaper.
Here are other deals reported over the weekend and on Monday:
Ports operator DP World, part of Dubai World conglomerate, is considering an $880 million initial public offering by spinning off some of its Australian assets, a report says. Click here for Reuters story.
HSBC is considering a bid for a major Chinese bank to reinforce its presence in the country as as other foreign lenders retrench, the Sunday Telegraph reports, citing unnamed sources.
RBS is back to the negotiating table on the sale of its 51 percent stake in commodities joint venture RBS Sempra, as suitor JPMorgan doesn’t want the U.S. business, according to SparkSpread.
Miner Vedanta may spin of six businesses, according to a UK press report.
Permira and John Lovering, the veteran UK retail executive, have teamed up to prepare a bid for sofa retailer DFS, valued at about 500 million pounds, the Sunday Times says.
Citigroup plans to sell or split off its $10 billion Citi Private Equity unit, Bloomberg reports.