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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  • Oil nears $100 mark on profit taking

    SYDNEY (Reuters) - Oil fell nearly $2 to around $100 a barrel on Monday, extending last week's deep losses as funds sought to lock in first-quarter profits and Saudi Arabia reassured consumers of its ...

  • ResCap Announces Intention to Commence Private Exchange Offers and Cash Tender Offers for U.S....

    Residential Capital, LLC today announced that it intends to commence offers to exchange any and all of the U.S. dollar equivalent $12.8 billion outstanding notes of ResCap listed in the table below for newly issued notes , upon the terms and subject to the conditions to be set forth in an offering memorandum and consent solicitation statement , and a related letter of transmittal and consent .