WPP makes hostile $2.1 billion TNS takeover bid
LONDON (Reuters) - WPP Group , the world's second-largest advertising company, launched on Wednesday a hostile bid worth 1.08 billion pounds ($2.13 billion) for British market research firm Taylor Nelson Sofres .

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Oil rebounds by $1 on Iran missile test
SEOUL (Reuters) - Oil rose a dollar on Wednesday, recovering from a more than $5 fall a day ago, after Iranian state media reported that the country had test-fired missiles that could reach Israel and U.S. bases in the region.

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Google's YouTube ad revenue short of expectations: report
SAN FRANCISCO (Reuters) - Advertising revenue from YouTube is likely to total about $200 million this year and thus fall short of parent company Google Inc's <GOOG.O expectations, The Wall Street Journal said on Tuesday, citing two sources familiar with the matter.

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LG Display Q2 net surges on TV sales, tight supply
SEOUL (Reuters) - South Korean flat screen maker LG Display Co Ltd reported on Wednesday its net profit more than trebled thanks to strong demand for flat-screen televisions and tight supplies of PC panels.

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Asia stocks cut gains, U.S. dollar slips on Iran
HONG KONG (Reuters) - The U.S. dollar fell and Asian stocks surrendered some gains on Wednesday, after a report that Iran tested a missile that could reach Israel, raising concerns this week's $9 dip in oil prices is only fleeting.

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U.S. regulators probe 2 ex-Credit Suisse brokers: report
(Reuters) - Federal prosecutors are investigating whether two former Credit Suisse brokers lied to investors about how they placed their money into short-term securities, the Wall Street Journal reported, citing people familiar with the matter.

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Steve & Barry's expected to file for Chap 11: report
NEW YORK (Reuters) - Retail chain Steve & Barry's is expected to file for Chapter 11 bankruptcy as early as this week, the Wall Street Journal reported on its website on Tuesday.

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  • Small companies may lead recovery

    LONDON (Reuters) - As risk-averse investors flee to large companies amid a stock downturn, Standard Life expects smaller companies to lead the way in a recovery later this year, and top picks include UK firms with an online business model.

  • UPDATE 1-Tata to list receipts, raise funds in Japan-Nikkei

    Research ) plans to list depositary receipts on the Tokyo Stock Exchange, and may raise more than 100 billion yen ($983 million) in Japan for acquisitions, the Nikkei daily said on Wednesday.