“RIO DE JANEIRO (Reuters) – Brazilian state oil company Petrobras on Friday filed to sell up to $64.5 billion of new stock — the largest in capital markets history — sending its stock sharply higher after months of uncertainty that dragged on its share price. ” Petrobras to sell $65 billion stock in record offer”RIO [...]
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“NEW YORK (Reuters) – Data storage provider 3PAR Inc said on Friday that shareholders owning about a third of its shares have agreed to accept Hewlett-Packard Co’s proposal to buy the company for $2.4 billion. ” UPDATE 1-Owners of a third of 3PAR back HP bid”NEW YORK, Sept 3 (Reuters) – Data storage provider 3PAR [...]
“SYDNEY (Reuters) – Goldcorp agreed to buy Argentina-focused gold miner Andean Resources for C$3.6 billion ($3.4 billion), trumping a competing offer from fellow Canadian miner Eldorado Gold Corp . ” UPDATE 5-Goldcorp makes $3.4 bln bid for Andean Resources”* Goldcorp seen paying full price for Cerro Negro reserves ” more: UPDATE 5-Goldcorp makes $3.4 bln [...]
“PARIS (Reuters) – U.S. biotech company Genzyme rejected an all-cash $18.5 billion offer from French drugmaker Sanofi-Aventis this week, setting the stage for a potentially hostile takeover battle. ” RPT-SCENARIOS-Possible outcomes of Sanofi’s bid for Genzyme”(Repeats to format cross-references after eighth paragraph) ” more: RPT-SCENARIOS-Possible outcomes of Sanofi’s bid for GenzymeGenzyme, Sanofi at odds over [...]
“LONDON (Reuters) – A new conundrum faces financial markets — why, if the global economy is heading back into trouble, are companies on an M&A binge and big investors snapping up so much corporate debt? ” Oil broker banned for drunk trading binge”LONDON (Reuters) – Britain’s financial regulator has fined and banned a former broker [...]
“CERNOBBIO, Italy (Reuters) – U.S. conglomerate 3M Co offered a fair premium for Cogent Inc and expects an overall pick-up in acquisitions to help boost growth, Chief Executive George Buckley said on Friday. ” Novartis CEO says Alcon minority offer "fair": report”ZURICH (Reuters) – The chief executive of Novartis AG is intent on gaining full [...]
“NEW YORK (Reuters) – Wall Street was set to close out its best week in six on Friday after recent economic data, including a stronger-than-expected jobs report, showed the U.S. economy may be in better shape than thought. ” Jobless claims, durable orders ease double-dip fears”WASHINGTON (Reuters) – New claims for state jobless benefits fell [...]
“WASHINGTON (Reuters) – U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth. ” New jobless claims offer hope for recovery |”WASHINGTON (Reuters) – New U.S. claims for jobless [...]
“CHICAGO (Reuters) – Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year below its long-term target as the world’s largest soup company grapples with a weak economy. ” Campbell Soup considers biscuit acquisition-source”LONDON/NEW YORK, Aug 23 (Reuters) – U.S. soup company Campbell Soup Co , the world’s largest [...]
“WASHINGTON (Reuters) – President Barack Obama will outline new measures next week to boost the U.S. economy after August data on Friday showed again that jobs — the central issue in November elections — were being created too slowly. ” Panel offers Obama ideas on U.S. tax overhaul”WASHINGTON (Reuters) – An expert panel named by [...]