Trademark wars: US goods sold under famous Cuban brands an issue if trade relations easeSAN JOSE DE LAS LAJAS, Cuba — Cuban rum maestro Jose Navarro’s taste buds sing when he sips Havana Club, the sweet spirit distilled in this farming town south of the capital. Regulators shut banks in California, Maryland, Minnesota; makes 84 US bank failures this yearWASHINGTON — Regulators have shut down banks in California, Maryland and Minnesota, pushing to 84 the number of bank failures this year amid the soured economy and rising loan defaults. European Commission approves German airline Lufthansa’s takeover of Austrian AirlinesFRANKFURT — German airline Deutsche Lufthansa AG said Friday the European Commission has approved its takeover of Austrian Airlines Group, allowing it start integrating the company in September. German government official says GM decision on Opel at least week and a half offFRANKFURT — Any decision on the fate of General Motors Co.’s European unit Adam Opel GmbH is still probably weeks off, a German government spokesman said Friday. UK rail and bus operator National Express receives $1.12 billion takeover approachLONDON — National Express Group PLC, the train and bus operator that is handing back its loss-making London-Edinburgh rail franchises to the government, received Thursday a 688.5 million pound ($1.12 billion) takeover approach from its largest shareholder and CVC Capital Partners Ltd. McCain meets a few angry men at Phoneix on health care debate
Cold War fear emerges in Opel sale as GM tries to keep technology from Russian automakerDETROIT — Behind GM’s hesitation to sell its unprofitable car business in Europe lies a Cold War fear: American technology will fall into Russian hands. Magna bankruptcy judge approves motions regarding property salesWILMINGTON, Del. — Horse-track owner Magna Entertainment Corp. is moving ahead with the property sales process as part of its bankruptcy reorganization. 2 energy companies are seeking tax incentives to convert shuttered southeast Mich. Ford plantLANSING, Mich. — Two alternative energy companies planning to buy a closed Ford Motor Co. factory near Detroit want to convert it into the country’s largest renewable energy park, with at least 2,800 workers building storage batteries, solar panels and possibly wind turbines. Eldorado Gold agrees to pay $1.8B in shares for rest of Sino Gold which has big China presenceVANCOUVER, British Columbia — Canada’s Eldorado Gold Corp. said Wednesday it has agreed to swap about $1.8 billion in stock for all remaining shares of Australia’s Sino Gold Mining Ltd., one of the largest gold mining groups in China. Canada’s Eldorado Gold to acquire rest of Sino Gold Mining for $1.8B in stockVANCOUVER, British Columbia — Canada’s Eldorado Gold Corp. says it has agreed to buy all remaining shares of Australia’s Sino Gold Mining Ltd. Colonial BancGroup, whose banking unit was shut down earlier this month, files for bankruptcyMONTGOMERY, Ala. — Colonial BancGroup Inc., the Montgomery-based real estate lender whose banking unit was shut down by the government and sold to BB&T Corp. earlier this month, has filed for Chapter 11 bankruptcy protection. Apax Partners completes tender offer for consumer finance Web site operator BankrateNEW YORK — Private equity firm Apax Partners said Tuesday that it completed a tender offer for the common shares of Bankrate Inc. as part of its plan to acquire the consumer finance Web site operator and take it private in a deal valued at about $570.8 million. Lowe’s to form joint venture with Woolworths in Australia to open home-improvement storesMOORESVILLE, N.C. — Lowe’s Cos. said Monday it is forming a joint venture with Australia’s largest retailer, Woolworths Ltd., to develop home-improvement stores. UK gas distributor Centrica takes majority 50.3 percent stake in takeover target VentureLONDON — British gas distributor Centrica Group PLC said Monday it has accumulated a 50.3 percent majority stake in its takeover target, North Sea drilling company Venture Production PLC. WSJ: Warner Chilcott could announce $3 billion purchase of P&G’s prescription drug unit MondayDrug maker Warner Chilcott PLC could announce a $3 billion takeover of Procter & Gamble Co.’s prescription drug business as early as Monday, The Wall Street Journal has reported, citing unidentified people familiar with the deal. Large Texas bank saddled with toxic assets fails and US helps Spanish company take it overWASHINGTON — Guaranty Bank became the second-largest U.S. bank to fail this year after the Texas lender was shut down by regulators and most of its operations sold at a loss of billions of dollars for the U.S. government to a major Spanish bank. Guaranty Bank succumbs to losses; shut down by regulators; 81 US bank failures this yearWASHINGTON — Guaranty Bank, a big Texas lender that succumbed to losses on loans to homebuilders and mortgage-tied securities, was shut down by regulators Friday and most of its operations sold to a major Spanish bank. Guaranty Bank succumbs to losses; shut by regulators; 81 US bank failures this yearWASHINGTON — Guaranty Bank, a big Texas lender that succumbed to losses on loans to homebuilders and mortgage-tied securities, was shut down by regulators Friday and most of its operations sold to a major Spanish bank. Regulators shut Guaranty Bank in 2nd largest failure; toll of failed banks mountsWASHINGTON — Regulators on Friday shut down Guaranty Bank, a big Texas-based lender felled by losses on loans to homebuilders and borrowers, in the second-largest U.S. bank failure this year. Frank Fertitta Jr., founder of Station Casinos, dies at age 70LAS VEGAS — Frank Fertitta Jr., the founder of casino operator Station Casinos Inc. who retired when his sons took the company public in 1993, has died. He was 70. Regulators shut Guaranty Financial in 2nd largest failure, 81st US bank failure in ‘09WASHINGTON — Regulators on Friday shut down Guaranty Financial Group Inc., a big lender felled by losses on loans to homebuilders and borrowers, in the second-largest U.S. bank failure this year. Toll of failed banks mounts as many small banks fall; regulators close banks in Ga, AlaWASHINGTON — The toll of failed banks is mounting, with 80 institutions closed by regulators so far this year — the most since 1992 at the height of the savings-and-loan crisis. Toll of failed banks mounts as many small banks fall; regulators close Ga bank, 78th failureWASHINGTON — The toll of failed banks is mounting, with 78 institutions closed by regulators so far this year — the most since 1992 at the height of the savings-and-loan crisis. Regulators shut ebank, small bank in Georgia; 78th US bank failure this yearWASHINGTON — Regulators have shut down ebank, a small bank in Georgia, marking the 78th failure this year of a federally insured bank. Toll of failed banks mounts as many small banks fall, resolution costs exceed S&L crisis levelWASHINGTON — The toll of failed banks is mounting, with 77 institutions closed by regulators so far this year — the most since 1992 at the height of the savings-and-loan crisis. Royal KPN extends tender offer for remaining stake in iBasis until Oct. 23WILMINGTON, Del. — Dutch telecom company Royal KPN NV said Friday that it has extended its tender offer to acquire all the outstanding shares of iBasis Inc. that it doesn’t already own. Combating climate change creates new kind of crime: Carbon crooks can cash in on credit tradeAMSTERDAM — Customs agents this week arrested nine people in the London area suspected of a multimillion dollar fraud in trading carbon permits, bringing attention to a rich new field for crime sprung from the fight against climate change. CF Industries extends tender offer for Terra Industries shares until end of AugustDEERFIELD, Ill. — Fertilizer company CF Industries Holdings Inc. on Friday extended the expiration date of its exchange offer for all of the outstanding shares of Terra Industries Inc. common shares until Aug. 31. Jamba sales slide as hard-hit consumers cut smoothies out of their budgets, analyst saysNEW YORK — Fruit smoothies chain Jamba Inc. core offerings are a “low priority purchase” for consumers during tough times, an analyst said Friday, a day after the company said sales fell 15 percent in the second quarter. |
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PHOENIX — Sen. John McCain met with an angry crowd at a town-hall meeting about health care reform Wednesday, sometimes having to fight to talk and telling one woman who wouldn’t stop yelling that she had to leave.
