Jefferies is leading a USD 180 million term loan backing a bid by founder Hugh Hefner to take Playboy Enterprises Inc private, banking sources told Thomson Reuters LPC on Tuesday.
Bank of Montreal is buying Hong Kong-based wealth management firm Lloyd George Management to bulk up its presence in China's fast-growing financial sector.
Fresh flooding in top global exporter Australia has added a further USD 10 to coal prices, driving thermal coal to a year high.
News Corporation's MySpace is slashing its staff by nearly half, as the former Internet social networking leader recalibrates its operations as an entertainment website.
Global spending on sponsorships of sports and other activities is projected to rise 5.2% this year after a stronger-than-expected increase in 2010, according to a research firm that tracks such spending.
Portugal is likely to pay record high premiums to place its debt on Wednesday, but recent bond buying by the European Central Bank should avert a dramatic rise in yields to levels that could make the country seek a bailout.
The American auto industry will change more in the next dozen years than it has during the past 50, said the US Treasury official charged with overseeing the government's investment in the auto industry.
Volvo Car expects China to become its biggest market as early as next year and its "second home market" after Sweden as the Chinese-owned automaker looks for sales to grow more than six times by 2015, a top company executive said.
Executives at top US retailers expect shoppers to keep spending in 2011 like they did in the recently-ended holiday season, looking for good prices for most items and splurging only on the products they want most.
Two top US Federal Reserve officials offered differing views on monetary policy on Tuesday, with one warning the Fed's ultra-easy stance may soon backfire, and the other saying he is comfortable with it.
China has the ability to manage inflation expectations and will seek a balance between containing price pressures while maintaining strong growth and restructuring the economy, Vice Premier Li Keqiang said on Tuesday.
Russian nuclear holding firm Rosatom wants to build 30 nuclear reactors abroad after securing deals in India, Turkey and Vietnam last year, CEO Sergei Kiriyenko said on Tuesday.
Riding on the success of its recently renovated stores in tourist hotspots including New York, Walt Disney Co is taking its new, highly interactive, retail format to upscale malls in newer markets, on both sides of the Atlantic.
Top US auto executives may be allowing themselves the odd celebratory drink at this year's Detroit auto show as sales recover but they still have plenty of worries to keep them awake at night.
China's landmark purchase of European oil refineries this week could sound the death knell for poorer plants in the declining European sector.
Two prominent WikiLeaks supporters in the Netherlands and Iceland are consulting US lawyers about ways to stop the Justice Department getting their Twitter records in a probe into the leak of secret documents.
The trauma of past IMF interventions is deeply etched in the memory of many Portuguese and explains why applying for assistance would be so politically fraught for Lisbon and is dogging a presidential election race.
Global oil demand growth will accelerate next year, while non-OPEC production will remain flat, driving oil prices to a record high average of $99 a barrel, the US government said on Tuesday in its first energy forecast for 2012.
Eurozone finance ministers are likely to consider next week the option of raising the effective lending capacity of the currency bloc's rescue fund as part of efforts to calm sovereign debt markets, eurozone sources said.
The final report of a US congressional panel on the financial crisis -- due to hit bookstores in days -- won't be the blockbuster some hoped for, but it may help point the way toward mortgage market reform.
The United States should not press China for an immediate sharp rise in the value of its yuan currency because that could be bad for both countries, the leader of a top US business group said on Tuesday.
Twitter users tweet messages with regional dialects, using "suttin" for "something" if they are New Yorkers and "sumthin" if they are not, a new study found.
Jefferies is leading a $180 mn term loan backing a bid by founder Hugh Hefner to take Playboy Enterprises Inc private, banking sources told Thomson Reuters LPC on Tuesday.
Bolstered by strong results last year, leading auction houses are hoping sales in London next month will ride an art market recovery after the sharp decline that sent prices tumbling in 2009.
Internet-savvy police in Paris have started using social networks such as Facebook to appeal for witnesses to traffic accidents in a move some residents say smacks of Big Brother-style spying tactics.