Financial Services & Real Estate Headlines

Panama and Colombia to negotiate tax information-sharing deal

BOGOTA - Panama and Colombia will negotiate a financial information-sharing deal, ending a stand-off over Colombia's classification of the Central American country as a tax haven and removing it from that status, Colombia's president said on Tuesday.

10:24pm EDT

Portugal regulator extends shorting ban on battered PT shares


LISBON - Portugal's CMVM securities market regulator has extended until Thursday a ban on short selling in shares of Portugal Telecom after they fell to a record low close on Tuesday.

5:57pm EDT

CP Rail CEO says unlikely to pursue hostile bid for CSX


TORONTO - Canadian Pacific Railway Ltd is still open to a merger with one of the two bigger eastern U.S. carriers even after talks with CSX Corp failed, though a hostile bid is unlikely, Chief Executive Hunter Harrison said on Thursday.

4:25pm EDT

Allergan says it stands by statements on Valeant


BOSTON - Allergan Inc said on Tuesday it saw no evidence to support claims by hostile suitors Valeant Pharmaceuticals and hedge fund Pershing Square Capital Management that its chief executive officer had spearheaded a campaign to spread misinformation.

Deals, Money 11:53am EDT

Swiss Re to sell U.S. life unit Aurora to RGA


ZURICH - Swiss Re said on Tuesday it was selling its U.S. life insurance arm, Aurora National Life Assurance Company, to Reinsurance Group of America, Incorporated (RGA) for an undisclosed price.

9:36am EDT

Heirs of Samsung's Lee don't plan to sell shares in holding firm IPO: source

SEOUL - The children of the Samsung Group's [SAGR.UL] patriarch do not plan to sell their shares in an IPO by Cheil Industries Inc, the de facto holding company for South Korea's largest conglomerate, a source with direct knowledge of the matter said on Tuesday.

Deals, South Korea 5:01am EDT

Mon, Oct 20 2014

Sigma-Tau, Alfa Wassermann in talks to combine Italian operations: sources

LONDON - Italian drugmaker Sigma-Tau is in advanced talks to sell part of its Italian operations to domestic peer Alfa Wassermann that would create an over-the-counter (OTC) powerhouse, several sources familiar with the situation said.

Deals, Italy 20 Oct 2014

Exclusive: Vitamin Shoppe in talks to hire bank amid activist pressure - sources

- Vitamin Shoppe Inc , the nutritional supplement retailer under activist shareholder pressure to consider a sale, is speaking to investment banks about hiring a financial adviser, according to people familiar with the matter.

20 Oct 2014

U.S. Senators seek antitrust scrutiny of Sysco deal to buy U.S. Foods

WASHINGTON - The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S. Foods for $3.5 billion.

BlackBerry shares up after unconfirmed report on possible Lenovo bid


TORONTO - BlackBerry shares rose more than 3 percent on Monday after a news website said Chinese computer maker Lenovo Group might offer to buy the Canadian technology company.

Tech, Deals 20 Oct 2014

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.