Julius Baer buys ING's Swiss subsidiary for $505 million in cashOctober 7th, 2009 Julius Baer buys ING's Swiss subsidiary for $505MZURICH — Julius Baer, Switzerland's largest private bank, said Wednesday it is buying the Swiss subsidiary of Dutch bank ING for 520 million Swiss francs ($505 million) in cash. Analysts at Bank Vontobel welcomed the deal, noting that the purchase price for the ING unit was "attractive." Shares in Julius Baer rose 2.4 percent to 40.14 francs ($39.07) on the Zurich exchange.
Diebold sells much-maligned US voting machine unit to Election Systems & SoftwareSeptember 3rd, 2009 Diebold sells US voting machine unitNORTH CANTON, Ohio — Ohio-based ATM maker Diebold Inc. has sold its much-criticized U.S.
Tier Technologies increases size of buyback plan to $20 million from $15 millionSeptember 1st, 2009 Tier Technologies ups buyback plan to $20 millionRESTON, Va. — Payment processing company Tier Technologies Inc.
Swiss banker, lawyer charged with helping clients evade US taxesAugust 20th, 2009 Swiss banker, lawyer face US tax charges in probeMIAMI — A Swiss banker and a lawyer are the latest to face U.S. criminal charges in a wide-ranging international tax evasion investigation.
Rio Tinto receives binding $2 billion offer from Amcor Ltd. for Alcan Packaging divisionsAugust 18th, 2009 Amcor offers $2 bln for Rio Tinto packaging armMELBOURNE, Australia — Packaging company Amcor has offered to buy Rio Tinto's remaining Alcan Packaging divisions for $2.025 billion, the mining giant said Tuesday. The offer encompasses global packaging operations that span pharmaceuticals, tobacco and food.
Rio Tinto shares plunge more than 3 percent after China claims a 6-year spying campaignAugust 10th, 2009 Rio Tinto prices plunge on China spy claimsSYDNEY —Rio Tinto Ltd.'s share price plunged more than 3 percent Monday after China accused the Anglo-Australian miner of conducting a six-year spying campaign that it claimed cost Chinese steelmakers billions of dollars in inflated prices for iron ore. Rio Tinto declined to respond to the latest allegations but said in July that bribery allegations against four Rio Tinto employees detained in China were baseless.
Germany's Commerzbank sells Swiss subsidiary to Vontobel GroupJuly 30th, 2009 Commerzbank sells Swiss subsidiaryFRANKFURT — Germany's Commerzbank AG said Thursday that it is selling a Swiss subsidiary which specializes in private banking to Vontobel Group of Switzerland. Financial details of the sale of Commerzbank (Switzerland) were not disclosed.
Swiss officials say tourist taken hostage in North Africa is releasedJuly 12th, 2009 Officials: Swiss hostage is releasedBERN, Switzerland — Swiss officials say a tourist taken hostage in North Africa in January has been released. The Foreign Ministry says the Swiss man who was held in Mali is receiving medical treatment.
Four mining firm employees detained in China for spyingJuly 9th, 2009 SHANGHAI - Four employees of the international mining group Rio Tinto Ltd. have been detained on charges of stealing China's state secrets, authorities said Thursday.
Rio Tinto says 4 employees detained in China; Australia seeks access to Australian citizenJuly 8th, 2009 4 Rio Tinto workers detained in ChinaBEIJING — Four employees of Anglo-Australian miner Rio Tinto Ltd., including an Australian man, have been detained in Shanghai for undisclosed reasons, the company and government officials said Wednesday. Rio Tinto has been unable to contact the employees, said Ian Head, a company spokesman in Sydney.
Miner Rio Tinto sells Alcan food packaging division for $1.2 billion to reduce debtJuly 6th, 2009 Rio Tinto offloads Alcan division for $1.2 billionSYDNEY — Rio Tinto has sold a division of its Alcan unit for $1.2 billion as it continues to reduce debt, the Anglo-Australian miner said in a statement Monday. The deal to sell its Alcan Packaging Food Americas division to U.S.-based Bemis Company Inc.
Bemis paying $1.2 billion for Alcan Packaging assets, will more than double its debtJuly 6th, 2009 Bemis paying $1.2B for Alcan Packaging assetsNEW YORK — Bemis Co., whose clear plastic packages hold everything from batteries to burgers, said late Sunday it is paying $1.2 billion for the global packaging business of Rio Tinto PLC. Buying the assets, known collectively as Alcan Packaging Food Americas, gives Bemis 23 facilities in the U.S., Canada, Mexico, Brazil, Argentina and New Zealand, that make flexible plastic containers for cheeses and steaks as well as clear, hard-to-penetrate packages for batteries and toys.
Chinalco maintains 9.3 percent stake in Rio Tinto through $15.2 billion rights issueJuly 2nd, 2009 Chinalco maintains 9.3 percent stake in Rio TintoMELBOURNE, Australia — State-controlled Aluminum Corp. of China said Thursday it took up its full entitlement in Rio Tinto's $15.2 billion share issue to maintain a 9.3 percent stake in the Anglo-Australian miner.
Miner Rio Tinto ends $19.5 billion deal with Chinese firm ChinalcoJune 5th, 2009 Rio Tinto scraps deal with Chinese firm ChinalcoSYDNEY — Anglo-Australian miner Rio Tinto PLC on Friday ended its $19.5 billion deal with Chinese company Chinalco, instead saying it plans to raise $15.2 billion in a share sale. Rio Tinto Chairman Jan du Plessis said in a letter to shareholders the planned deal with Chinalco was now dead and his company would pay it a $195 million break fee.
Swiss government says IRS case against UBS might jeopardize new tax treaty talks with USMay 1st, 2009 Swiss: UBS case jeopardizes US tax treatyMIAMI — The government of Switzerland says an IRS attempt to obtain account information from Swiss bank UBS AG could jeopardize new tax treaty talks with the United States. The court filing in Miami claims the IRS effort violates Swiss sovereignty and Swiss law.
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