(Reuters) - But Fred Creasey, an accountant who oversaw Black's Canadian holding company, Hollinger Inc., testified how directors of Hollinger Inc. and its U.S. subsidiary, Hollinger International Inc., became increasingly suspicious of so-called non-compete payments to Black and his fellow executives.
Creasey wrote Black a note saying Hollinger Inc.'s audit committee and its chairman, Maureen Sabia, would not approve the payments if they were not reported in a timely manner.
Read more at Reuters.com Bonds News
Wednesday, April 4, 2007
UPDATE 1-IMF warns of spillover if U.S. slowdown spreads
(Reuters) - WASHINGTON, April 4 - The U.S. economic slowdown is still being driven largely by a cooling housing market, but any spillover into the rest of the world should be limited as European economies are strengthening, the International Monetary Fund said on Wednesday.
However, if the downturn in the U.S. housing market spreads to consumer spending and business investment, then larger cross-border repercussions can be expected, the IMF said in initial chapters of its semi-annual World Economic Outlook, due to be released in full on April 11.
Read more at Reuters.com Bonds News
However, if the downturn in the U.S. housing market spreads to consumer spending and business investment, then larger cross-border repercussions can be expected, the IMF said in initial chapters of its semi-annual World Economic Outlook, due to be released in full on April 11.
Read more at Reuters.com Bonds News
UPDATE 1-Subprime problems clouding US outlook-Fed's Fisher
(Reuters) - AUSTIN, Texas, April 4 - The problems in the subprime mortgage market remained contained but were clouding the outlook for the wider housing market, and the U.S. economy as a whole, Federal Reserve Bank of Dallas President Richard Fisher said on Wednesday.
"Thus far, the damage from the subprime market has been largely contained. ... Quality problems have arisen primarily for adjustable-rate subprime loans, which are only about 8.5 percent of home mortgage debt outstanding," he told the Austin Mortgage Bankers Association in prepared remarks.
Read more at Reuters.com Bonds News
"Thus far, the damage from the subprime market has been largely contained. ... Quality problems have arisen primarily for adjustable-rate subprime loans, which are only about 8.5 percent of home mortgage debt outstanding," he told the Austin Mortgage Bankers Association in prepared remarks.
Read more at Reuters.com Bonds News
UPDATE 2-Ameristar to buy Chicago-area casino
(Reuters) - NEW YORK, April 4 - Ameristar Casinos Inc. said on Wednesday it planned to pay $675 million for a casino complex near Chicago, which it intends to double in size, as it seeks to tap into the third-largest gaming market in the United States.
Some industry analysts said the price appeared to be high and saw mounting competition in the region, particularly from Harrah's Entertainment Inc. . Ameristar shares were down 4.1 percent to $31.14 in afternoon trading on Nasdaq.
Read more at Reuters.com Mergers News
Some industry analysts said the price appeared to be high and saw mounting competition in the region, particularly from Harrah's Entertainment Inc. . Ameristar shares were down 4.1 percent to $31.14 in afternoon trading on Nasdaq.
Read more at Reuters.com Mergers News
US STOCKS-Wall St inches up as Altria, Microsoft gain
(Reuters) - NEW YORK, April 4 - U.S. stocks inched higher on Wednesday, led by advances in shares of companies seen positioned to withstand slowing economic growth, including tobacco maker Altria Group Inc. .
A drop in crude oil prices after Iran said it would free the British sailors and marines it has detained also cushioned the stock market after data pointing to services sector weakness and slower-than-expected growth in factory orders revived concerns about the economy.
Read more at Reuters.com Bonds News
A drop in crude oil prices after Iran said it would free the British sailors and marines it has detained also cushioned the stock market after data pointing to services sector weakness and slower-than-expected growth in factory orders revived concerns about the economy.
Read more at Reuters.com Bonds News
Brazil replaces Finance Ministry officials
(Reuters) - Finance Minister Guido Mantega said in Brasilia the appointments were part of changes of his team and that Tarcisio Godoy will remain as treasury secretary for the time being.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
Silicon Valley's "best brains" work on energy
(Reuters) - Although commercial success could take years, venture capitalists are pouring cash into solar power, fuel cells, wind energy, biofuels, new lighting microchips, "smart" power grids, and other innovative energies.
"The best brains in the country are no longer working on the next pharmaceutical drug or the next Silicon Revolution. They want to work on energy," said Vinod Khosla, a top venture capitalists in Silicon Valley.
Read more at Reuters.com Business News
"The best brains in the country are no longer working on the next pharmaceutical drug or the next Silicon Revolution. They want to work on energy," said Vinod Khosla, a top venture capitalists in Silicon Valley.
Read more at Reuters.com Business News
UPDATE 1-Roche boosts diagostics with $600 mln BioVeris buy
(Reuters) - ZURICH, April 4 - Swiss healthcare giant Roche Holding AG bolstered its medical testing business on Wednesday by agreeing to buy U.S.-based BioVeris Corp for around $600 million in cash.
The move strengthens Roche's position in diagnostics, where it is already a global market leader, by giving it access to a technology that measures the amount of light given off by molecules under different conditions.
Read more at Reuters.com Mergers News
The move strengthens Roche's position in diagnostics, where it is already a global market leader, by giving it access to a technology that measures the amount of light given off by molecules under different conditions.
Read more at Reuters.com Mergers News
UPDATE 1-Global all-industry growth cools to near 4-year low
(Reuters) - The All-Industry Output Index for March, produced by JP Morgan together with research and supply organisations, fell to 54.4 from 55.6, but still held above the 50 line that divides growth from contraction.
The Global Services PMI also dropped to 54.4 in March from 55.7.
Read more at Reuters.com Economic News
The Global Services PMI also dropped to 54.4 in March from 55.7.
Read more at Reuters.com Economic News
S.African stocks tiptoe lower after record peaks
(Reuters) - South African stocks dipped into the red on Wednesday as investors took a breather after the market touched record peaks over the past four days.
The Johannesburg Top-40 index of blue-chip stocks dipped 0.25 percent to 24,802.70 points, while the All-share index fell 0.15 percent to 27,525.74 points.
Read more at Reuters Africa
The Johannesburg Top-40 index of blue-chip stocks dipped 0.25 percent to 24,802.70 points, while the All-share index fell 0.15 percent to 27,525.74 points.
Read more at Reuters Africa
Slow service growth latest sign of weakness
(Reuters) - The Institute for Supply Management said its non-manufacturing index slid to 52.4 in March, down from February's 54.3 and confounding expectations for a rise. Despite the weakness, the ISM's inflation gauged jumped.
Meanwhile, U.S. private employers likely added 106,000 jobs in March, according a private report by ADP Employer Services. That was higher than February's 57,000 gain reported by ADP but still below market expectations.
Read more at Reuters.com Economic News
Meanwhile, U.S. private employers likely added 106,000 jobs in March, according a private report by ADP Employer Services. That was higher than February's 57,000 gain reported by ADP but still below market expectations.
Read more at Reuters.com Economic News
UPDATE 1-Blyth profit beats forecasts, shares jump
(Reuters) - Blyth said it would have earned $1.00 per share for the quarter were it not for several restructuring charges. On that basis, analysts were calling for earnings of 60 cents per share, according to Reuters Estimates.
The latest quarter included restructuring and impairment charges totaling 48 cents per share, partially offset by note receivable recovery of 13 cents per share. It also included $3.8 million of after-tax income from discontinued operations, and a $12.6 million tax expense on unremitted foreign earnings of subsidiaries.
Read more at Reuters.com Market News
The latest quarter included restructuring and impairment charges totaling 48 cents per share, partially offset by note receivable recovery of 13 cents per share. It also included $3.8 million of after-tax income from discontinued operations, and a $12.6 million tax expense on unremitted foreign earnings of subsidiaries.
Read more at Reuters.com Market News
GLOBAL MARKETS-Crude down on Iran move while ISM hurts stocks
(Reuters) - NEW YORK, April 4 - U.S. crude oil futures fell sharply and stock futures got a brief boost after Iran said it planned to release British navy personnel it had captured.
But the news was quickly offset by data showing March was the worst month in four years for the services sector of the U.S. economy.
Read more at Reuters.com Bonds News
But the news was quickly offset by data showing March was the worst month in four years for the services sector of the U.S. economy.
Read more at Reuters.com Bonds News
Navios Maritime files $500 mln shelf offering
(Reuters) - Under a shelf registration filed with the U.S. Securities and Exchange Commission, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.
Read more at Reuters.com New Issues News
Read more at Reuters.com New Issues News
US STOCKS-Wall St flat as data offsets crude's drop
(Reuters) - NEW YORK, April 4 - U.S. stocks were little changed on Wednesday as data showing weakness in the services sector and slower-than-expected growth in factory orders revived worries about the economy and profits, overshadowing a drop in crude oil prices.
The decline in oil pressured shares of energy companies such as Exxon Mobil Corp. .
Read more at Reuters.com Bonds News
The decline in oil pressured shares of energy companies such as Exxon Mobil Corp. .
Read more at Reuters.com Bonds News
UPDATE 1-Gazprom narrows Shtokman list to four, Chevron out
(Reuters) - MOSCOW, April 4 - Russia's gas export monopoly Gazprom has narrowed the list of potential partners in its giant Shtokman gas field to four as U.S. oil major Chevron has lost interest, a Gazprom source said on Wednesday.
The source said Gazprom was still talking to France's Total , U.S. ConocoPhillips and Norway's Statoil and Norsk Hydro on setting up a joint operating company for Shtokman.
Read more at Reuters.com Mergers News
The source said Gazprom was still talking to France's Total , U.S. ConocoPhillips and Norway's Statoil and Norsk Hydro on setting up a joint operating company for Shtokman.
Read more at Reuters.com Mergers News
BioVeris to be bought by Roche for about $600 mln
(Reuters) - BioVeris said through the acquisition, Roche will own the complete patent estate of the electrochemiluminescence technology deployed in its Elecsys product line.
Roche Diagnostics will be able to expand its immunochemistry business from the human diagnostics field into new market segments, BioVeris said in a statement.
Read more at Reuters.com Mergers News
Roche Diagnostics will be able to expand its immunochemistry business from the human diagnostics field into new market segments, BioVeris said in a statement.
Read more at Reuters.com Mergers News
DaimlerChrysler says in Chrysler sale talks
(Reuters) - "I can confirm that we are talking with some of the potential partners who have shown a clear interest," Chief Executive Dieter Zetsche told the annual meeting of the world's fifth-biggest carmaker.
"But it is also true that we need to keep all options open, and that I cannot disclose any details, because we need to have the maximum scope for manoeuvre," he said.
Read more at Reuters.com Business News
"But it is also true that we need to keep all options open, and that I cannot disclose any details, because we need to have the maximum scope for manoeuvre," he said.
Read more at Reuters.com Business News
Ford CEO says restructuring going "pretty well"
(Reuters) - Ford is in the midst of a massive turnaround that calls for the closing of 14 facilities.
Mulally said the restructuring at the company, which posted a $12,7 billion loss last year, has caused "tremendous upheaval."
Read more at Reuters.com Business News
Mulally said the restructuring at the company, which posted a $12,7 billion loss last year, has caused "tremendous upheaval."
Read more at Reuters.com Business News
TREASURIES-ADP employment report lifts prices
(Reuters) - The ADP Employer Services report is seen as providing clues on the possible outcome of the March payrolls report.
"Everything is kind of coming in on expectations, maybe a touch on the softer side. Markets have been pretty short in the past couple of days. What you are seeing here is a short-covering bid. Everyone is looking at the payroll number." said Tom Tucci, Treasuries trader at RBC Capital Markets in New York.
Read more at Reuters.com Bonds News
"Everything is kind of coming in on expectations, maybe a touch on the softer side. Markets have been pretty short in the past couple of days. What you are seeing here is a short-covering bid. Everyone is looking at the payroll number." said Tom Tucci, Treasuries trader at RBC Capital Markets in New York.
Read more at Reuters.com Bonds News
US STOCKS-Futures flat to lower; Monster drops
(Reuters) - NEW YORK, April 4 - U.S. stock futures were flat to slightly lower on Wednesday, with investors cautious before economic data on the giant services sector and after Web site company Monster Worldwide Inc. warned about revenues.
The Institute for Supply Management's nonmanufacturing index is forecast to show a rise in the services sector from February's level.
Read more at Reuters.com Bonds News
The Institute for Supply Management's nonmanufacturing index is forecast to show a rise in the services sector from February's level.
Read more at Reuters.com Bonds News
US STOCKS-Futures rise after Iran says to free UK sailors
(Reuters) - Before the Iranian announcement, futures were flat to lower, with investors cautious before economic data on the giant services sector and after Web site company Monster Worldwide Inc. warned about revenues.
S&P 500 futures edged up 0.40 point, above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
Read more at Reuters.com Bonds News
S&P 500 futures edged up 0.40 point, above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
Read more at Reuters.com Bonds News
UPDATE 1-Some Valero Colo. stations short on gasoline
(Reuters) - Several Diamond Shamrock stations in Denver and Colorado Springs supplied by Valero ran out of gasoline in the past two weeks because of the shut refinery, according a report on The Rocky Mountain Daily News Web site.
A spokesman for AAA Colorado reassured Colorado drivers that the spot shortages were confined to some stations using the Diamond Shamrock brand name in Denver and Colorado Springs.
Read more at Reuters.com Bonds News
A spokesman for AAA Colorado reassured Colorado drivers that the spot shortages were confined to some stations using the Diamond Shamrock brand name in Denver and Colorado Springs.
Read more at Reuters.com Bonds News
US STOCKS-Wall St flat before ISM; Monster slides
(Reuters) - NEW YORK, April 4 - U.S. stocks were little changed on Wednesday as caution ahead of economic data on the services sector overshadowed news that Iran would free 15 British naval personnel held for more than a week.
A revenue warning from Web site company Monster Worldwide Inc. also put investors on edge, but a sharp slide in crude oil prices cushioned the stock market.
Read more at Reuters.com Bonds News
A revenue warning from Web site company Monster Worldwide Inc. also put investors on edge, but a sharp slide in crude oil prices cushioned the stock market.
Read more at Reuters.com Bonds News
US RATE FUTURES-Fed rate cut chances inch up on ISM
(Reuters) - Implied prospects for the Fed to cut interest rates by the end of June rose to 24 percent from 20 percent earlier. Futures show a 57 percent chance of an August rate cut, up from 52 percent earlier.
The Institute for Supply Management said its March services barometer fell to 52.4, well below Wall Street forecasts centered on 55.0 and below February's 54.3 reading.
Read more at Reuters.com Bonds News
The Institute for Supply Management said its March services barometer fell to 52.4, well below Wall Street forecasts centered on 55.0 and below February's 54.3 reading.
Read more at Reuters.com Bonds News
KfW files for $15.9 bln debt shelf
(Reuters) - Under a shelf registration filed with the U.S. Securities and Exchange Commission, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.
Read more at Reuters.com New Issues News
Read more at Reuters.com New Issues News
India Mahindra open to more tie-ups with auto firms
(Reuters) - Mahindra, which has forayed into cars with a joint venture with France's Renault , also has an alliance with Renault and Nissan Motor Co. for a greenfield project in southern India to make 400,000 vehicles in seven years.
Mahindra also holds 51 percent in a joint venture for commercial vehicles with Navistar International .
Read more at Reuters.com Mergers News
Mahindra also holds 51 percent in a joint venture for commercial vehicles with Navistar International .
Read more at Reuters.com Mergers News
Germany's Vossloh to buy U.S. rival for $42.5 mln
(Reuters) - Shares in Vossloh were trading up 0.5 percent at 70.55 euros by 1319 GMT, outpacing minor gains on the German mid-cap MDAX index .
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
UPDATE 1-Monster qtly revenue to miss forecast, shares drop
(Reuters) - Analysts, on average, expected $333.7 million, with profit forecast at 35 cents per share for the quarter, according to Reuters Estimates.
The New York-based company's shares fell $5.95 to $42.56 in early trading on the Nasdaq.
Read more at Reuters.com Economic News
The New York-based company's shares fell $5.95 to $42.56 in early trading on the Nasdaq.
Read more at Reuters.com Economic News
Mercedes Car Group sales fall 8.2 pct in March
(Reuters) - BERLIN, April 4 - Unit sales at DaimlerChrysler's Mercedes Car Group premium division fell 8.2 percent in March to 127,000 vehicles, the company said on Wednesday.
That brought sales in the first quarter to 286,800 units, down 2.8 percent from the year-ago period.
Read more at Reuters.com Market News
That brought sales in the first quarter to 286,800 units, down 2.8 percent from the year-ago period.
Read more at Reuters.com Market News
UPDATE 1-Mercedes Car Group sales fall 8.2 pct in March
(Reuters) - BERLIN, April 4 - Unit sales at DaimlerChrysler's Mercedes Car Group premium division fell 8.2 percent in March to 127,000 vehicles, the company said on Wednesday.
That brought sales in the first quarter to 286,800 units, down 2.8 percent from the year-ago period.
Read more at Reuters.com Market News
That brought sales in the first quarter to 286,800 units, down 2.8 percent from the year-ago period.
Read more at Reuters.com Market News
UPDATE 1-Circuit City posts quarterly loss
(Reuters) - ATLANTA, April 4 - Consumer electronics retailer Circuit City Stores Inc. reported a fourth-quarter loss on Wednesday as sales fell short of Wall Street estimates and it took charges to close stores.
The loss was $12.2 million, or 7 cents a diluted share, for the fourth quarter that ended Feb. 28, compared with a profit of $141.4 million, or 81 cents a share, a year earlier.
Read more at Reuters.com Market News
The loss was $12.2 million, or 7 cents a diluted share, for the fourth quarter that ended Feb. 28, compared with a profit of $141.4 million, or 81 cents a share, a year earlier.
Read more at Reuters.com Market News
Monsanto posts higher earnings for 2nd quarter
(Reuters) - Monsanto also said it expects its full-year 2007 earnings per share in the range of $1.60 to $1.65, both on a reported and ongoing basis. Previously, the company's full-year 2007 EPS forecast was at the upper end of the $1.50 to $1.57 range.
The St. Louis-based company's shares rose 1.8 percent to $57 before the bell in response to the news.
Read more at Reuters.com Business News
The St. Louis-based company's shares rose 1.8 percent to $57 before the bell in response to the news.
Read more at Reuters.com Business News
Eni and Enel land YUKOS assets for Gazprom
(Reuters) - Gazprom was widely expected to walk away with the spoils, which include a $4 billion stake in its own oil company Gazprom Neft and two gas production firms, but did not register to take part in the auction, so the big question was who would help it by doing its bidding.
Just before the bidding opened Gazprom said it had an option with Enineftegas, 60 percent owned by Eni and 40 percent by Enel , under which it could buy the Gazprom Neft stake and 51 percent in the gas firms if Enineftegas won.
Read more at Reuters.com Business News
Just before the bidding opened Gazprom said it had an option with Enineftegas, 60 percent owned by Eni and 40 percent by Enel , under which it could buy the Gazprom Neft stake and 51 percent in the gas firms if Enineftegas won.
Read more at Reuters.com Business News
Shoprite's shares climb on buy-out hitch
(Reuters) - Shares in Africa's largest grocery chain Shoprite rose over two percent on Wednesday as investors hoped for changes to the much disputed $2.14 billion proposed private equity buyout of the retailer.
Brait's bid for Shoprite late last year has been mired in controversy with minority shareholders unhappy with the price and concerned about the independence of chairman and controlling shareholder, Christo Wiese.
Read more at Reuters Africa
Brait's bid for Shoprite late last year has been mired in controversy with minority shareholders unhappy with the price and concerned about the independence of chairman and controlling shareholder, Christo Wiese.
Read more at Reuters Africa
US private sector adds 106,000 jobs in March-report
(Reuters) - Automatic Data Processing, based in Roseland, New Jersey, is the parent of ADP Employer Services and is a large payroll services company. Macroeconomic Advisers LLC is based in St. Louis, Missouri. The ADP National Employment Report is released each month, two days prior to the government's own job survey.
According to the latest Reuters poll of economists, the U.S. Labor Department on Friday is expected to show that 120,000 non-farm payroll jobs were created in March, up from 97,000 in February.
Read more at Reuters.com Bonds News
According to the latest Reuters poll of economists, the U.S. Labor Department on Friday is expected to show that 120,000 non-farm payroll jobs were created in March, up from 97,000 in February.
Read more at Reuters.com Bonds News
CORRECTED - Panera says 1st-quarter profit may miss forecast
(Reuters) - The St. Louis-based company said profit should be "at or modestly below" its target of 47 cents to 50 cents per share. Panera said "extreme weather" in its core markets hurt results, and same-store sales were unchanged from a year earlier in the 13 weeks ended March 27.
Analysts on average expected profit of 48 cents per share, according to Reuters Estimates.
Read more at Reuters.com Market News
Analysts on average expected profit of 48 cents per share, according to Reuters Estimates.
Read more at Reuters.com Market News
TREASURIES-Dip in Asia on stock rally, eye ADP data
(Reuters) - Signs of easing tensions between Britain and Iran also led to some selling of government bonds.
June 10-year note futures fell 1.5/32 to 107-30.5/32, with chart support below at Friday's trough of 107-28.5/32.
Read more at Reuters.com Bonds News
June 10-year note futures fell 1.5/32 to 107-30.5/32, with chart support below at Friday's trough of 107-28.5/32.
Read more at Reuters.com Bonds News
UPDATE 1-Moody's says may cut 46, mostly European, banks
(Reuters) - LONDON, April 4 - Moody's Investors Service said it may cut its ratings on 46, mostly European, banks as a result of the revision of its joint default analysis methodology, which had come under intense criticism in its original form.
The credit ratings agency said most of the downgrades would be by one notch, although "several" two- or three-notch downgrades are possible. The reviews will be completed on April 10.
Read more at Reuters.com Bonds News
The credit ratings agency said most of the downgrades would be by one notch, although "several" two- or three-notch downgrades are possible. The reviews will be completed on April 10.
Read more at Reuters.com Bonds News
US STOCKS-Futures flat before data on services, jobs
(Reuters) - The Institute for Supply Management's nonmanufacturing index, a gauge of the U.S. services sector constituting the bulk of the U.S. economy, is due for release at 10 a.m. , along with government data on factory orders in February.
Investors also will scrutinize the ADP national employment figures, due at 8:15 a.m. , to see how the labor market is faring, leading up to Friday's release of the government's nonfarm payrolls report for March.
Read more at Reuters.com Bonds News
Investors also will scrutinize the ADP national employment figures, due at 8:15 a.m. , to see how the labor market is faring, leading up to Friday's release of the government's nonfarm payrolls report for March.
Read more at Reuters.com Bonds News
GLOBAL MARKETS-Stocks test fresh peaks as markets embrace risk
(Reuters) - LONDON, April 4 - Stock markets across Europe and Asia hit fresh highs on Wednesday, helped by lower oil prices and solid U.S. housing data which reassured investors that bets on riskier assets are still worth taking.
Government bonds fell, with euro zone Bunds hitting 2007 lows before rebounding and Japanese government bonds at three-month troughs as investors shunned low-yielding assets.
Read more at Reuters.com Bonds News
Government bonds fell, with euro zone Bunds hitting 2007 lows before rebounding and Japanese government bonds at three-month troughs as investors shunned low-yielding assets.
Read more at Reuters.com Bonds News
UPDATE 1-Lone Star says seeking to sell two S.Korea firms
(Reuters) - SEOUL, April 4 - U.S. investment fund Lone Star [LS.UL] said on Wednesday it was putting up two of its South Korean holdings -- a small-sized builder and a leasing firm -- for sale, confirming widespread reports of the move.
The fund had been widely expected by industry and market watchers to sell off its South Korean assets after a legal battle with prosecutors forced it to abort its planned $7.3 billion sale of Korea Exchange Bank last November.
Read more at Reuters.com Mergers News
The fund had been widely expected by industry and market watchers to sell off its South Korean assets after a legal battle with prosecutors forced it to abort its planned $7.3 billion sale of Korea Exchange Bank last November.
Read more at Reuters.com Mergers News
Buyout firm Providence taps ex-Star TV exec
(Reuters) - A 12-year veteran of the pay TV industry, Guthrie joined Rupert Murdoch's Hong Kong-based Star in 2000, becoming chief executive in 2003.
In February, Providence closed a new $12 billion equity fund, and the firm now manages about $21 billion in equity commitments.
Read more at Reuters.com Mergers News
In February, Providence closed a new $12 billion equity fund, and the firm now manages about $21 billion in equity commitments.
Read more at Reuters.com Mergers News
Goldman drops ING M&A role, sparks RBS talk -report
(Reuters) - Goldman and ING declined to comment. The U.S. investment bank is an adviser to RBS and has helped on its past deals.
Barclays and ABN confirmed they were in exclusive talks on March 19. The talks are expected to last until around April 18.
Read more at Reuters.com Mergers News
Barclays and ABN confirmed they were in exclusive talks on March 19. The talks are expected to last until around April 18.
Read more at Reuters.com Mergers News
Barclays speaks with Dutch regulator on ABN bid
(Reuters) - AMSTERDAM, April 4 - Barclays Chief Executive John Varley discussed bid procedures for ABN AMRO NV with the chief Dutch market regulator AFM, the regulator said on Wednesday.
ABN and Barclays entered exclusive merger talks last month after the Dutch bank came under pressure from investors, including British hedge fund TCI, to consider a sale or breakup to boost shareholder returns after several years of underperformance.
Read more at Reuters.com Mergers News
ABN and Barclays entered exclusive merger talks last month after the Dutch bank came under pressure from investors, including British hedge fund TCI, to consider a sale or breakup to boost shareholder returns after several years of underperformance.
Read more at Reuters.com Mergers News
EU approves Thales purchase of satellite JV stakes
(Reuters) - One of the joint ventures, Alcatel Alenia Space, makes satellites while the other, Telespazio Holding, operates and services them.
Alenia makes satellites of up to 6,000 kg, its Web site says. They are used for telecommunications, weather forecasting, earth observation, science-based space programmes and navigation through the Galileo system and other applications.
Read more at Reuters.com Mergers News
Alenia makes satellites of up to 6,000 kg, its Web site says. They are used for telecommunications, weather forecasting, earth observation, science-based space programmes and navigation through the Galileo system and other applications.
Read more at Reuters.com Mergers News
Three groups submit bids for Chrysler: paper
(Reuters) - DaimlerChrysler is expected to choose one bidder as an exclusive negotiating partner by the end of April, it said, adding DaimlerChrysler was hoping for a price of about $8 billion for Chrysler.
DaimlerChrysler has persistently refused to comment on the status of its strategic review of Chrysler since the world's fifth-biggest carmaker said in February it was examining all options for Chrysler.
Read more at Reuters.com Business News
DaimlerChrysler has persistently refused to comment on the status of its strategic review of Chrysler since the world's fifth-biggest carmaker said in February it was examining all options for Chrysler.
Read more at Reuters.com Business News
S.Africa says won't bankroll SAA "at any cost"- paper
(Reuters) - South Africa will not support loss-making state-owned airline South African Airways forever, the public enterprises minister was quoted as saying on Wednesday.
Alec Erwin told SAA Chairman Jakes Gerwel in a confidential letter the airline "cannot and will not be supported at all costs", Business Day newspaper said.
Read more at Reuters Africa
Alec Erwin told SAA Chairman Jakes Gerwel in a confidential letter the airline "cannot and will not be supported at all costs", Business Day newspaper said.
Read more at Reuters Africa
Falling oil, rising home sales spark US stocks rally
(Reuters) - U.S. stocks closed sharply higher on Tuesday as a drop in oil prices calmed worries about inflation and news of an unexpected rise in home sales raised hopes the housing market is stabilizing.
The rally took the Dow and S&P 500 to their highest levels since February 27.
Read more at Reuters Africa
The rally took the Dow and S&P 500 to their highest levels since February 27.
Read more at Reuters Africa
Gold drifts higher in Europe, trapped in ranges
(Reuters) - Gold prices edged higher on Wednesday despite a decline in crude oil, and dealers expected it to remain confined to ranges ahead of the Easter holidays.
Spot gold rose to $665.40/666.40 an ounce by 0959 GMT, against $664.00/665.00 in New York late on Tuesday, when it slipped to track a drop in crude oil prices.
Read more at Reuters Africa
Spot gold rose to $665.40/666.40 an ounce by 0959 GMT, against $664.00/665.00 in New York late on Tuesday, when it slipped to track a drop in crude oil prices.
Read more at Reuters Africa
Subscribe to:
Posts (Atom)