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April 9, 2015 11:48 AM 10 convicted in India's Satyam corporate scandal

New Delhi (CNN)A court convicted 10 defendants Thursday in what has been dubbed India's biggest corporate scandal in memory, a prosecuting agency said. In 2009, software services exporter Satyam Computers Services was at the center of a massive $1.6 billion fraud case after its then-chairman, Ramalinga Raju, admitted inflating profits with fictitious 14

April 9, 2015 11:43 AM India's market regulator eases foreign investment rules in govt bonds

MUMBAI, April 9 (Reuters) - India's market regulator has permitted foreign investors to reinvest in government bonds the same day, giving them the option to churn their portfolio, according to four traders with direct knowledge of the matter and an email of the new rules. The Securities and Exchange Board of India, in an email sent late on Wednesday 73

April 9, 2015 11:16 AM Anti-Cruelty Society: Hit to Jay Cutler's image unfair

CHICAGO -- The president of the Anti-Cruelty Society said on Monday the public relations hit taken by Chicago Bears quarterback Jay Cutler after a football signed by Cutler did not receive a bid at the organization's charity auction last month is unfortunate. "I am appalled at the negativity this has generated," Dr. Robyn Barbiers said in an e-mail to The Chicago 13

April 9, 2015 8:16 AM Swedish cbank buys 2020 and 2039 bonds in QE auction

STOCKHOLM, April 9 (Reuters) - Sweden's central bank said on Thursday it bought 5.0 billion crowns of government bonds in a reverse auction, the second tranche of a new round of bond buys. In mid-March, the Riksbank cut its key repo rate further into negative territory and said it would buy 30 billion Swedish crowns of government bonds after already 74

April 9, 2015 4:37 AM Burt Reynolds' 1977 Bandit Trans Am to sell at Carlisle Auctions

estored 1977 Pontiac Trans Am owned by none other than the Bandit himself, Burt Reynolds, will cross the block on Friday, April 24 at the Carlisle Auctions in Carlisle, Pennsylvania. The Spring Carlisle Auction will be held from April 23-24 this year at the Carlisle Expo Center, and will see over 350 consignments moved during the event. estored 1977 Pontiac 140

April 9, 2015 4:05 AM Investor activism may be hard on corporate creditors -Moody's

BOSTON, April 9 (Reuters) - Tactics that activist investors say will benefit a company's shareholders may also raise the risk for the firm's creditors, a leading credit rating agency warned on Thursday. Investors who push companies to consider tactics to boost stock prices via share buybacks, spin-offs, purchase of another company or other means also raise 76

April 9, 2015 2:02 AM Chris Christie plots his comeback

The question has percolated in GOP circles since the new year began, with presidential primary state activists wondering why the New Jersey governor isn't doing a better job keeping in touch and rival GOP campaigns happily pointing to Christie's diminished stature in the polls. "Every other candidate is showing up here, and people are coming to me like, 'What's 22

April 8, 2015 2:21 PM Kenya's 364-day Treasury bill yield rises at auction

NAIROBI, April 8 (Reuters) - The weighted average yield on Kenya's 364-day Treasury bill rose at auction on Wednesday to 10.564 percent from 10.543 percent last week, the central bank said. The weighted average yield on the six-month Treasury bill fell at the same auction to 10.248 percent from 10.271 percent last week. Both bills were oversubscribed 14

April 8, 2015 11:30 AM GLOBAL MARKETS-Mega-merger helps drive European stocks to 8-year high

LONDON, April 8 (Reuters) - European shares clawed their way to an eight-year high on Wednesday, driven by a $70 billion mega-deal in the oil and gas sector that added to a flurry of merger and acquisition activity that has gripped investors this week. Shares in BG Group surged 45 percent after Royal Dutch Shell agreed to pay that amount (47 billion 91

April 8, 2015 10:35 AM UPDATE 1-Greece raises 1.1 bln euros, sells all 6-month T-bills on offer

* Athens must roll over another 1 bln euros on April 15 (Adds background, details) ATHENS, April 8 (Reuters) - Greece raised 1.138 billion euros ($1.24 billion) at an auction of six-month Treasury bills on Wednesday, moving the full amount on offer in the first of two sales this month as it tries to roll over debt and navigate its way through a cash crunch 75