Hints and tips:
...News Corp shareholders wanted no part in absorbing potential costs and liability from those cases. In the meantime, News Corp should continue to split off distracting subsidiaries....
...In a December ruling, the five-person body reversed a $690mn judgment that the lower Chancery Court had entered against Loews Corporation....
...that it had paid just £8.6m of corporation tax in the UK over a 14-year period....
...The trials in Delaware and Ontario were linked by a private live stream to hear a dispute about how the money should be carved up....
...However, most of the debt is held in the subsidiary corporation, Caesars Entertainment Operating Company (CEOC)....
...the Playboy Club in London’s Mayfair struggles to cope with its $25bn of debt....
...Burlington Alpha and Burlington Beta, two subsidiaries of the hedge fund, hold subordinated IBRC debt with a face value of $75m, according to court documents filed in the US bankruptcy court of Delaware...
...DTCC, which is owned by a collection of banks, said on Wednesday it hoped full ownership of Omgeo would increase the use of the subsidiary’s technology by investment managers, broker-dealers and custodian...
...The trust administration market is fragmented and prone to further consolidation as larger players swallow smaller operators unable to cope with increased regulation and as corporations demand global platforms...
...The group’s collapse in September 2008 triggered a lengthy bankruptcy process. It also left behind two mortgage-focused subsidiary banks, Delaware-based Aurora and Utah-based Woodlands Commercial Bank....
...First, BNY transferred about $7.9bn of income-producing assets to the Delaware trust through layers of newly created subsidiaries....
...While the Federal Reserve only publishes data on foreign-owned banks once a year, in June, quarterly filings by individual subsidiaries of European banks with the Federal Deposit Insurance Corporation show...
...IFC buys $500m insurance to help global trade The International Finance Corporation, part of the World Bank, has taken out a $500m insurance policy to help support imports and exports for emerging markets...
...India’s Life Insurance Corp may buy stake in Kingfisher India’s state-run Life Insurance Corp may buy up to a 10 per cent stake in ailing private carrier Kingfisher Airlines, in a deal valued at 1.20bn...
...This is not nearly enough and instead of increasing the number of bank examiners to cope with the crisis, Hagler has had to cut them. He was promoted to his job just before the crisis hit Georgia....
...By transferring the SCC stake from Asarco to Americas Mining Corp – a separate subsidiary – Grupo Mexico handicapped its subsidiary’s ability to cope with insolvency....
...If 2009 is a guide, consumers and corporations alike have shown a distinct unwillingness to compromise on the gadgets and machines used every day for communications and entertainment....
...Dubai World, which counts Nakheel, an offshore developer, and Istithmar, an investment company, among its subsidiaries, is undergoing a similar process of consolidation....
...The Longbridge site is now being redeveloped, although MG UK, a subsidiary of Nanjing Automotive of China, still makes small runs of MGTF sports cars there....
...A consolidated shareholder derivative action in Delaware: In re Countrywide Financial Corp....
...On that Monday, a special reception area was set up to cope with the influx of staff cramming themselves round baize-covered dining tables and struggling to connect to the wireless network....
...So the German plants are being temporarily grouped together in a subsidiary of EADS, the Airbus parent, until a solution can be found....
...It is not clear whether Tesco has taken a stake in the US operations of the two companies, which have both set up Delaware-based corporations....
...Equally good news was the earlier decision by the Delaware Chancery Court to give the go-ahead to the investors’ suit attacking News Corp for a breach of what they claimed was a contractual commitment to...
...A deal with a subsidiary of Tyco, the US conglomerate, sent shares in Pursuit Dynamics 9.3 per cent higher to 199p....
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