Billion Dollars

  • Billion dollar investment fraud rocks Wall St December 13, 2008

    New York: As if the wilting economy weren't bad enough, an alleged scheme that has cost investors billions of dollars is rocking Wall Street, and federal authorities say a former chairman of the NASDAQ Stock Exchange is at the heart of it. It might be one of the biggest investment...
  • Tata-owned Corus to axe 400 jobs November 7, 2008

    London: Corus, owned by the Tata Steel Group, has announced plans to cut 400 jobs at its distribution arm, saying it had been operating in a "volatile and fluctuating" market. The proposed job losses will be spread across Britain, including 100 in the West Midlands, nearly 100 in North Wales, 50...
  • Pak uses US aid to get weapons against India: NYT December 25, 2007

    New Delhi: Pakistan has diverted billions of dollars in American military aid given to fight terrorism, to get weapons used against India. A New York Times investigative report quoted officials in Washington saying much of the American aid is not reaching frontline Pakistani units. The money is being given to...
  • Tata Steel pooling funds for Corus April 10, 2007

    New Delhi: Tata Steel, the world's fifth-largest steel maker, will hold a Board meeting on April 17 to consider raising long-term funds for its 12 billion dollar takeover of Anglo-Dutch firm Corus Group Plc. The Indian steel giant, which is scheduled to make the final payments to Corus shareholders tomorrow, is...
  • TATA gives India a winning edge February 2, 2007

    London: TATAs victory over Brazilian CSN for Corus is not just a win for TATAs but is a victory for India as well. The mood perhaps like India winning ODI against Pakistan. This will also pave the way for more Indian companies eyeing foreign takeovers. TATAS winning multi billion bid...
  • Corus defers EGM to allow formal bid December 13, 2006

    London: A day after Brazilian steel giant CSN offered a higher bid than the Tatas to acquire Corus, the Anglo-Dutch steel maker announced postponement of the December 20 Extraordinary General meeting of its shareholders which was to decide on the issue. A spokeswoman of Corus said that no agenda was fixed...
  • Takeover battle for Corus looms large November 22, 2006

    Mumbai: A price war between Tata Steel and Brazilian steel-maker CSN appears to be on the cards for the takeover of Anglo-Dutch steel company Corus. Reports from Bombay House, the corporate office of Tata Steel, and CSN headquarters indicate that both the rivals are in no mood to walk away...
  • Brazils'c CSN outbids Tata for Corus November 17, 2006

    New Delhi : Tata steel has some competition in its bid to acquire European company Corus. On Friday, Brazilian steelmaker Companhia Siderurgica Nacional (CSN) informed the London Stock Exchange that it had made a takeover approach for Corus. CSN has made a counter bid of 475 pence per share to acquire...
  • Steel town's reaction to Tata merger October 25, 2006

    London: Port Talbot in Wales on the western coast of Britain is the biggest manufacturing centre of Corus. The Tata's bid to buy Corus has shaken not just the company but the entire town. Three thousand workers now are closely watching the developments. Corus employee Tony Taylor says, "Everybody...
  • Hello to bright future after Tata bid October 22, 2006

    London: Anglo-Dutch company Corus faces a "much brighter future" after the agreed £4.1 billion takeover bid from Tata Steel, a report said on Sunday even as Brazilian steel group CSN appointed top-flight investment bank Lazards to advise on its options for challenging the bid. Also circling is Thyssen Krupp, the German...
  • Tata's bid boosts Indian Inc's moral October 21, 2006

    London: It is corporate India's biggest global take over bid till date. Tata Steel's decision to take over Anglo Dutch Steel giant Corus for over $ 8 billion is being seen as a sign of India's growing economic and entrepreneurial strength. Ratan Tata, the chairman of Tata Sons, says they...