(Reuters) - "We just learned, just now, from our legal counsel that we secured a temporary stay until can hear our request for a permanent stay of that order," said Vonage Holdings Corp. spokeswoman Brooke Schulz.
U.S. District Judge Claude Hilton had limited Vonage to serving its existing customers. He also required Vonage to post a $66 million bond.
Read more at Reuters.com Business News
Friday, April 6, 2007
Kroger not interested in leveraged buyout-CEO
(Reuters) - "I want you to know neither management nor our Board of Directors has any interest in pursuing a leveraged buyout transaction," David Dillon, the company's chairman and chief executive, said in a publicly released letter to Kroger's associates.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
UPDATE 2-Investors 'strongly disagree' with TXU-letter
(Reuters) - TXU's letter to the Public Utility Commission was not shared with the investor group in advance, KKR and Texas Pacific said in a statement.
"TXU is not permitted to unilaterally shut down power plants," the investors said, adding that that would be under the power of regulators.
Read more at Reuters.com Government Filings News
"TXU is not permitted to unilaterally shut down power plants," the investors said, adding that that would be under the power of regulators.
Read more at Reuters.com Government Filings News
U.S. consumer credit rises $2.97 bln in February
(Reuters) - January non-revolving credit, made up of closed-end consumer loans, rose at a 0.38 percent rate, or $478.6 million, to a total of $1.526 trillion. This gain, the smallest since a 3.9 percent decline in October 2006, followed a downwardly revised January gain of 4.25 percent or $5.38 billlion.
Revolving credit, which comprises credit and charge cards, rose 3.4 percent in January, or $2.49 billion, to a total of $883.87 billion. This follows an upwardly revised January gain of 1.7 percent, or $1.23 billion.
Read more at Reuters.com Bonds News
Revolving credit, which comprises credit and charge cards, rose 3.4 percent in January, or $2.49 billion, to a total of $883.87 billion. This follows an upwardly revised January gain of 1.7 percent, or $1.23 billion.
Read more at Reuters.com Bonds News
UPDATE 1-US clears new use for Cangene hepatitis B product
(Reuters) - HepaGam B is made from a protein derived from human plasma that can provide immunity to the hepatitis B virus, the Food and Drug Administration said.
Patients must receive injections at the time of liver transplant and throughout their lives, the FDA said.
Read more at Reuters.com Government Filings News
Patients must receive injections at the time of liver transplant and throughout their lives, the FDA said.
Read more at Reuters.com Government Filings News
UPDATE 1-American Home Mortgage sees lower Q1, 2007 profit
(Reuters) - For the first quarter, the mortgage real estate investment trust said it expects earnings of 40 cents to 60 cents a share. For 2007, it sees earnings of $3.75 to $4.25 a share.
Analysts, on average, had expected first-quarter earnings of $1.01 per share, and 2007 earnings of $4.73 per share, according to Reuters Estimates.
Read more at Reuters.com Bonds News
Analysts, on average, had expected first-quarter earnings of $1.01 per share, and 2007 earnings of $4.73 per share, according to Reuters Estimates.
Read more at Reuters.com Bonds News
CORRECTED: Judge grants partial stay in Vonage patent case
(Reuters) - Roger Warin, a lawyer for Vonage, said the partial stay amounted to "cutting off oxygen or a bullet to the head" of the company.
Read more at Reuters.com Business News
Read more at Reuters.com Business News
UPDATE 1-Banks eye two ways to keep the Italia in Telecom
(Reuters) - MILAN, April 6 - Attempts to keep Telecom Italia , the country's biggest telecoms firm, in Italian control are exploring two paths, newspapers reported on Friday, after one of Italy's biggest banks said it was working on a domestic deal.
Pirelli , which ultimately owns Telecom Italia, is in exclusive talks with U.S. phone giant AT&T and Mexico's America Movil to sell them a majority stake in Olimpia -- which controls the telecoms company with an 18 percent stake.
Read more at Reuters.com Mergers News
Pirelli , which ultimately owns Telecom Italia, is in exclusive talks with U.S. phone giant AT&T and Mexico's America Movil to sell them a majority stake in Olimpia -- which controls the telecoms company with an 18 percent stake.
Read more at Reuters.com Mergers News
TREASURIES-Bonds plunge on strong March non-farm payrolls
(Reuters) - The strong payrolls number suggested to investors that economic growth may not be slowing by as much as originally thought and pushed back expectations the Federal Reserve will move to cut official interest rates any time soon.
The government said 180,000 U.S. non-farm jobs were added in March, topping the consensus Wall Street expectation of adding 120,000, and above the upwardly revised February gain of 113,000. For details see [ID:nN05191151].
Read more at Reuters.com Bonds News
The government said 180,000 U.S. non-farm jobs were added in March, topping the consensus Wall Street expectation of adding 120,000, and above the upwardly revised February gain of 113,000. For details see [ID:nN05191151].
Read more at Reuters.com Bonds News
TREASURIES-Bonds fall on stronger March non-farm payrolls
(Reuters) - The benchmark 10-year note was 14/32 lower in price for a yield of 4.74 percent from 4.68 late on Thursday, while the two-year note _was 5/32 lower in price for a yield of 4.72 percent from 4.63 percent.
Fed fund futures also fell after the payrolls number, with the implied chances of a June rate cut from the Federal Reserve easing to 12 percent from 20 percent before the release of the data.
Read more at Reuters.com Bonds News
Fed fund futures also fell after the payrolls number, with the implied chances of a June rate cut from the Federal Reserve easing to 12 percent from 20 percent before the release of the data.
Read more at Reuters.com Bonds News
Subscribe to:
Posts (Atom)