CB&I Ordered to Split, Divest Assets
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U.S. antitrust authorities on Thursday  ordered Chicago Bridge & Iron Co. NV CBI.N to split its  industrial division into two and divest one of the units,  triggering a 4 percent fall in the engineering and construction  company's shares.
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Aug. 17 (Bloomberg) -- Cantor Fitzgerald LP, one of the two largest Treasury bond brokers, will split off its original business of person-to-person sales to focus on more profitable activities such as institutional equity sales and trading.
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Bank of America Corp. said it has folded Quick &amp; Reilly, the brokerage arm of FleetBoston Financial Corp. , into its own brokerage. The bank is in the process of changing the Quick &amp; Reilly signs to the new name, Banc of America Investment Services Inc., and it already has changed the design of Quick &amp; Reilly's website. A spokesman ...
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Under pressure from regulators, the troubled Middlesex Retirement System voted yesterday to shift control of nearly $700 million of assets to the state pension fund.
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Altria Group Inc., the owner of cigarette maker Philip Morris and Kraft Foods Inc., may separate into two or three units after tobacco litigation dragged down the stock.
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The Securities and Exchange Commission yesterday ordered mutual funds to stop paying higher commissions to brokers who promote the companies&#39; funds. The agency also required portfolio managers to reveal investments in funds they ...
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With a major trading-fraud case finally settled yesterday, the Boston-based mutual fund operations of Bank of America are at work on a major restructuring over the coming months that will result in a smaller, more coherent lineup of funds, officials said.
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After breakneck increases in its stock price, Apple recently initiated a 2-for-1 stock split. The move will reduce the existing stock value by 50%, with each shareholder receiving an extra share. For investors, the move is another positive devel...
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LONDON (CBS.MW) - IAC/Interactive on Tuesday said it&#39;s planning to break up into two publicly-traded companies, splitting off its Internet travel-related businesses into Expedia.
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J&J gets dragged down by restructuring charges.
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Mortgage giant Freddie Mac announced Monday that it is shutting down some operations of its debt-securities sales division and transferring others - moves that experts said should tighten the company's internal controls after an accounting scandal.
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Cazenove&#39;s investment banking unit, which advises nearly half of Britain&#39;s leading companies, is to be merged with the rival operation run by JP Morgan, ending 181 years of independence.
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Europeâs biggest bank said it would close an American unit as it scales back risk-taking after writing down the value of subprime mortgage investments by $14.7 billion last year.
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- Capital Bank Corp  said it is writing down certain assets estimated to worth $2.6 million to $2.8 million.
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Anadarko Petroleum Corp. has agreed to divest certain US onshore properties to undisclosed parties for $850 million in cash and interests in two oil and gas fields in Wyoming.
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Business & money: Â· Firm teaching energy assessors sacks 100Â· Government could be sued for lost earnings
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Wall Street's written off more than $100 billion in bum assets since summer. Now for the bad news.