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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  • MGIC Announces Closing of Common Stock Offering (PR Newswire)

    MGIC Investment Corporation has announced that it has completed the public offering and sale of 42,933,333 shares of its common stock for gross proceeds of approximately $483 million.

  • UK shares among worst performers in Europe

    LONDON (Reuters) - Britain's stock market has been one of the worst performing in the European Union over the past five years, rising by less than half of the overall average, data shows.