Sep 6, 2011, 11:30 p.m.
BERLIN (Reuters) - The euro zone's most indebted nations were scrambling on Wednesday to convince investors and the rest of Europe of their commitment to tackle their debt problems, even as the bloc's main paymaster Germany battles increasing opposition to further aid. Germany's top court is due to deliver a ruling around 0800 GMT (4 a.m. ET) that may grant legislators more say over future aid, but was expected to stop short of blocking Berlin's contribution to a current series of multi-billion euro bailouts.
AT&T could lower T-Mobile bid price if remedies grow: report
Bangalore (Reuters) - AT&T Inc can lower the price it pays for T-Mobile USA Inc if the remedies requested by regulators become too expensive, a Bloomberg report said, citing three people with direct knowledge of the merger contract. AT&T would be able to pay less than the deal's original $39 billion value if regulators demand asset sales that surpass 20 percent of that figure, or about $7.8 billion, the report cited unnamed people as saying.
Private equity giant Carlyle files for IPO
NEW YORK/BANGALORE (Reuters) - Private equity company Carlyle Group filed for an IPO on Tuesday, a long-awaited move to catch up with rivals Blackstone, KKR and Apollo, but the volatility of global markets means an offering is unlikely until the first half of 2012. The IPO will put Carlyle, famous for its Washington connections, under even more public scrutiny as it fulfills a long-time desire to become a publicly traded global brand.
Regulator defends suit against financial firms
WASHINGTON (Reuters) - The Federal Housing Finance Agency said on Tuesday it decided to file lawsuits against 17 financial institutions last week because the firms misrepresented the mortgages in securities filings. "At the heart of the suits is FHFA's conclusion that the actual mortgages backing many of the securities had characteristics that differed in a material way from what had been represented in securities filings," the agency, which regulates mortgage firms Fannie Mae and Freddie Mac, said in a statement.
- Journeys By Train, a Tucson-based escorted deluxe travel company, will conduct special ...
- The world will never forget the day when four young men from ...
- Floyd and Linda Cotton have been doing a lot of new clothes ...
- Our fridge went rogue the other day.