LONDON (Reuters) – Struggling music major EMI has failed to clinch a licensing deal for its North American rights, sources said, making a covenant breach inevitable and pushing its owner Terra Firma back to investors for more cash.
BRUSSELS (Reuters) – European industry bodies urged European Union regulators on Wednesday to prevent unfair competition and excessive pricing of iron ore, saying it could hamper economic recovery in Europe.
DUBLIN (Reuters) – Bank of Ireland will raise from private sources much of the 2.7 billion euros ($3.6 billion) it needs, potentially becoming the only member of Ireland’s “bad bank” scheme to escape a fresh bailout.
BRUSSELS, March 31 (Reuters) – European Union competition
authorities have agreed to a request by five European national
regulators to probe a bid by Procter & Gamble to acquire
Sara Lee’s air-freshener unit.
(Corrects offer price per share in paragraph 3 to 76 Canadian
cents, from 75 Canadian cents. Also corrects premium in third
bullet point and paragraph 3 to 49 percent, from 47 percent)
LONDON, March 31 (Reuters) – Struggling music major EMI has
failed to clinch a licensing deal for its North American rights,
sources said, making a covenant breach inevitable and pushing
its owner Terra Firma [TERA.UL] back to investors for more cash.
WASHINGTON, March 31 (Reuters) – The U.S. Federal Reserve
on Tuesday said Midwest Bank and Trust Co. remains
significantly undercapitalized and ordered the bank and its
parent firm to raise equity capital or find a merger partner
within 45 days.
NEW YORK, March 31 (Reuters) – Shares of Peabody Energy
fell on Wednesday after Australian miner Macarthur Coal
rebuffed the U.S. coal company’s $3 billion takeover
bid.
