NEW YORK, Oct 27 (Reuters) – The drawn-out sale of Bank of America’s $1 billion wealth management business ultimately came down to how much protection against any unforeseen losses bidders demanded, rather than price.
MEXICO CITY, Oct 27 (Reuters) – Latin American telecommunications operator Telmex Internacional posted a 141 percent rise in third-quarter net profit on Tuesday, far more than analysts had expected.
Oct 27 (Reuters) – Clinical-research service provider Pharmaceutical Product Development Inc reported quarterly profit in line with analysts’ estimates, and cut its 2009 earnings and revenue view on poor bookings and significantly high project cancellations.
WILMINGTON, Del., Oct 27 (Reuters) – A bankruptcy judge on Tuesday rejected plans by Capmark Financial Group Inc for a Saturday bid deadline for its mortgage servicing business, which it has proposed selling to Berkshire Hathaway Inc and Leucadia National Corp.
TORONTO, Oct 27 (Reuters) – RioCan , Canada’s largest shopping mall operator, will seek more deals in the United States in the next three to five years after unveiling its first investment south of the border earlier this week.
BRUSSELS, Oct 27 (Reuters) – The following are planned mergers under review by the European Commission and a brief guide to the EU merger process:
* Medivation eligible for $655 mln in milestone payments
* To buy controlling interest in Ecko brands for $63.5 mln
* PepsiCo says takeovers will help cut costs, boosts profits
TOKYO, Oct 27 (Reuters) – Japanese banks Sumitomo Trust and Chuo Mitsui Trust Holdings are in merger talks, two sources familiar with the matter said on Tuesday. [ID:nT275237] (Reporting by Taro Fuse)