WASHINGTON - U.S. regulators are in the early stages of an antitrust probe into whether Google Inc, the top player in Web display advertising, breaks antitrust law in how it handles some advertising sales, a source told Reuters on Thursday.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
U.S. Treasury prices M&T Bank Corp preferred stock offering
WASHINGTON (Reuters) - The U.S. Treasury Department on Friday said it had priced an offering of preferred shares of M&T Bank Corp (MTB.N) as part of its unwinding of financial crisis bailouts for expected proceeds of about $381.5 million.
Treasury said it priced a secondary offering at par of the 230,000 shares of M&T Bank Corporation Fixed Rate Cumulative Perpetual Preferred Stock, Series A, and 151,500 shares of M&T Fixed Rate Cumulative Perpetual Preferred Stock, Series C.
After this offering, Treasury will no longer hold any shares of the Buffalo, New York-based bank's preferred stock. Treasury said it will continue to hold warrants to purchase 1,721,447 shares of M&T's common stock - the disposition of which will provide additional proceeds to taxpayers.
(Washington newsroom; Editing by Diane Craft)
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