FDIC sells 40 percent stake in $4.5 billion worth of Corus Bank assets to Starwood-led groupOctober 6th, 2009 FDIC sells stake in Corus Bank assetsWASHINGTON — The Federal Deposit Insurance Corp. has agreed to sell a 40 percent stake in a portfolio of Corus Bank assets for $554.4 million to a private-equity consortium led by Starwood Capital Group.
Ram Energy receives letter from Nasdaq for failing to maintain listing requirementsSeptember 21st, 2009 Ram Energy receives Nasdaq listing noticeTULSA, Okla. — Oil and gas company Ram Energy Resources Inc.
Regulators close banks in Illinois and Minnesota; 91 bank failures so far this yearSeptember 11th, 2009 MB Financial to take over Corus Bank branchesCHARLOTTE, N.C. — Federal regulators on Friday said they seized Corus Bancshares Inc., a Chicago lender to condominium, office and hotel projects, adding it to the long list of banks that have succumbed this year to the recession and waves of loan defaults.
Fannie Mae meets New York Stock Exchange's price listing standardSeptember 4th, 2009 Fannie Mae meets price listing standardWASHINGTON — Fannie Mae, the government-backed mortgage company, said Friday it regained compliance with the New York Stock Exchange's minimum price standard for listing common stock. Fannie Mae was notified on Nov.
Cyclacel Pharmaceuticals receives warning letter, faces Nasdaq delistingAugust 28th, 2009 Cyclacel Pharmaceuticals faces Nasdaq delistingBERKELEY HEIGHTS, N.J. — Cyclacel Pharmaceuticals Inc.
Hampton Roads Bankshares withdraws proposed public stock offeringAugust 19th, 2009 Hampton Roads Bankshares withdraws stock offeringNORFOLK, Va. — Bank holding company Hampton Roads Bankshares Inc.
CIT Group delays filing second-quarter report amid restructuring effortsAugust 11th, 2009 Ahead of the Bell: CIT GroupCHARLOTTE, N.C. — Shares of CIT Group Inc.
Corus faces thousands' SOS in poor English regionJuly 18th, 2009 LONDON - Thousands of British steelworkers and their families are holding a protest march Saturday in a town in northeast England where the looming closure of a Corus steel plant threatens to throw families into poverty. Corus, which is owned by Tata Steel, has warned it may have to close down its plant in Redcar because a consortium of clients has pulled out of a 10-year contract to buy its steel, prompting the Save Our Steel march.
Tata's Corus to cut 366 more jobsJuly 9th, 2009 MUMBAI - Tata Steel subsidiary Corus, Europe's second largest steelmaker, Thursday announced plans to cut a further 366 jobs at its site in Scunthorpe, Britain. The move aims to improve the competitiveness of its (Corus') Scunthorpe site in Northeast England by aligning employment cost with anticipated steel demand.
Presumptive tax scope to be extendedJuly 6th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee Monday proposed to extend the scope of presumptive tax to all businesses with a turnover of up to Rs.40 lakh. "This will facilitate the business operations of all small tax payers and reduce their compliance burden, the finance minister told parliament after tabling the union budget for 2009-10.
Tata's Corus to sack 2,045 workersJune 25th, 2009 LONDON - Tata Steel subsidiary Corus, Europe's second largest steelmaker, Thursday announced more than 2,000 joblosses, mostly in its British plants. The company blamed the worldwide economic downturn and, in particular, the decline in steel demand in Europe and America".
How the Dow Jones industrials and other major stock indexes fared in Tuesday's tradingJune 2nd, 2009 How the major stock indexes fared on TuesdayInvestors grew cautious Tuesday after quarterly sales at Johnson & Johnson fell short of expectations and an influential analyst stirred worries that bank shares are overheated. Most stocks posted modest losses, a day after finishing at their best levels in a year.
Tata Steel resets covenants on Corus loanMay 30th, 2009 MUMBAI - Tata Steel has reached an agreement with lenders of Tata Steel UK for resetting the covenants on the 3.7 billion pound loan raised for the acquisition of Anglo-Dutch steel maker Corus. This comes two days after group company Tata Motors announced a revision in the maturity deadline on the bridge loan for its acquisition of Jaguar Land Rover (JLR).
Tata Steel hopes to save $831 mn from Corus operationsMarch 11th, 2009 KOLKATA - Steel major Tata Steel is hopeful of saving 600 million pounds ($831 million) between October 2008 and March 2009 from its Corus operations, a top official said here Tuesday. Last year, the company had launched a cost-cutting programme to save this amount to tide over the economic crisis.
Tata Steel expects 10-15 percent sales growth in FebruaryFebruary 12th, 2009 KOLKATA - Tata Steel expects its February sales to grow 10-15 percent as compared to last month on the back of falling steel prices. 'In light of what is happening around the world, the Indian demand situation is not bad.
Loading ...