(Bloomberg) -- European stocks may drop after the Federal Reserve in the U.S. revived the prospect of higher interest rates in the world's biggest economy.
DaimlerChrysler AG and ING Groep NB might lead a slide by companies that depend on sales in the U.S. Nestle SA may decline after agreeing to buy baby food brand Gerber from Swiss drugmaker Novartis AG for $5.5 billion in cash.
Read more at Bloomberg
Wednesday, April 11, 2007
Cogeco Cable, Research In Motion, Teknion: Canadian Equity Preview
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Canadian markets. This preview includes news that broke after markets closed. Symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor's/TSX Composite Index fell 30.31, or 0.2 percent, to 13,400.99.
Read more at Bloomberg
The Standard & Poor's/TSX Composite Index fell 30.31, or 0.2 percent, to 13,400.99.
Read more at Bloomberg
Advanced, Apogee, Murphy Oil, Ruby Tuesday, SAIC: U.S. Equity Preview
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.S. exchanges today. This preview includes news that broke after exchanges closed yesterday. Stock symbols are in parentheses after company names.
Advanced Magnetics Inc. (AMAG US) rose $7.92, or 12 percent, to $73.03 in trading yesterday after the official close of U.S. exchanges. The company reported positive results from two additional human studies of its intravenous iron replacement therapy. Both clinical trials of ferumoxytol had statistically significant results, the drugmaker said.
Read more at Bloomberg
Advanced Magnetics Inc. (AMAG US) rose $7.92, or 12 percent, to $73.03 in trading yesterday after the official close of U.S. exchanges. The company reported positive results from two additional human studies of its intravenous iron replacement therapy. Both clinical trials of ferumoxytol had statistically significant results, the drugmaker said.
Read more at Bloomberg
U.S. Stocks Slide After Fed Minutes Say Economy Is Slowing, Rates May Rise
(Bloomberg) -- U.S. stocks posted their first decline this month after the Federal Reserve said the economy may slow without curbing inflation, raising the specter of higher interest rates.
General Motors Corp., Wal-Mart Stores Inc. and International Business Machines Corp. led the Dow Jones Industrial Average to end its longest streak of gains since 2003. Citigroup Inc. and Bank of America Corp. sent financial shares tumbling.
Read more at Bloomberg
General Motors Corp., Wal-Mart Stores Inc. and International Business Machines Corp. led the Dow Jones Industrial Average to end its longest streak of gains since 2003. Citigroup Inc. and Bank of America Corp. sent financial shares tumbling.
Read more at Bloomberg
Oil below $62, shrugs off US gasoline stock drop
(Reuters) - Oil slipped below $62 a barrel on Thursday, failing to gain ground despite a sharp fall in U.S. gasoline inventories as crude stocks remain comfortable.
U.S. crude was down 8 cents at $61.93 a barrel by 0352 GMT, after a 12-cent gain on Wednesday. London Brent had yet to trade ahead of its expiry on Friday, after closing at $67.84 on Wednesday.
Read more at Reuters Africa
U.S. crude was down 8 cents at $61.93 a barrel by 0352 GMT, after a 12-cent gain on Wednesday. London Brent had yet to trade ahead of its expiry on Friday, after closing at $67.84 on Wednesday.
Read more at Reuters Africa
SABMiller annual beer volumes up underlying 10 pct
(Reuters) - Global brewing giant SABMiller Plc said on Thursday its annual worldwide underlying beer volumes rose 10 percent, and added its financial performance was in line with its own expectations.
SABMiller, the world's second biggest brewer and maker of Miller Lite, Peroni, Castle and Snow beers, added in a trading statement that the 10 percent rise in underlying beer volumes for its financial year to end-March compared to a 5 percent rise the previous year.
Read more at Reuters Africa
SABMiller, the world's second biggest brewer and maker of Miller Lite, Peroni, Castle and Snow beers, added in a trading statement that the 10 percent rise in underlying beer volumes for its financial year to end-March compared to a 5 percent rise the previous year.
Read more at Reuters Africa
Shareholder advisor ISS lends support to ABN AMRO
(Reuters) - On April 26 shareholders are due to vote on proposals by TCI, including a break-up or sale, to boost shareholder returns.
ISS European Director Jean-Nicolas Caprasse told the paper it was good that ABN was being put under pressure but a break-up or sale without the support of managers would be too risky.
Read more at Reuters.com Mergers News
ISS European Director Jean-Nicolas Caprasse told the paper it was good that ABN was being put under pressure but a break-up or sale without the support of managers would be too risky.
Read more at Reuters.com Mergers News
TREASURIES-Steady in Asia after slide on Fed minutes
(Reuters) - Bond investors have been at odds with the Fed's repeated comments that inflation is the economy's biggest threat, with many expecting the Fed to cut rates later in the year to help underpin growth.
"With the minutes indicating that the Fed's concern remains on inflation risks, U.S. inflation data due out from today will be the near-term market fucus," Yoshio Takahashi, a bond strategist at Barclays Capital, said in a note to clients.
Read more at Reuters.com Bonds News
"With the minutes indicating that the Fed's concern remains on inflation risks, U.S. inflation data due out from today will be the near-term market fucus," Yoshio Takahashi, a bond strategist at Barclays Capital, said in a note to clients.
Read more at Reuters.com Bonds News
Novartis confirms $5.5 bln Gerber sale to Nestle
(Reuters) - "This completes Novartis' divestiture program following its strategy to focus on healthcare with pharmaceuticals at the core," Novartis said in a statement.
Read more at Reuters.com Business News
Read more at Reuters.com Business News
Manor Care hires JP Morgan for advice; stock jumps
(Reuters) - CHICAGO, April 11 - Manor Care Inc. , the biggest U.S. operator of homes for the elderly, on Wednesday said it had hired investment bank JPMorgan for advice, the latest health care company to mull a strategic move.
Manor Care shares rose 8 percent in opening trade on the New York Stock Exchange.
Read more at Reuters.com Bonds News
Manor Care shares rose 8 percent in opening trade on the New York Stock Exchange.
Read more at Reuters.com Bonds News
IMF says not calling for more hedge fund regulation
(Reuters) - "As long as countries run sensible, responsible macroeconomic policies around the world, which, broadly speaking, they are, then you will have some ups and downs in financial markets and you will always have some concerns about speculators," he said.
Read more at Reuters.com Government Filings News
Read more at Reuters.com Government Filings News
Whirlpool says Maytag products to return to Best Buy
(Reuters) - The expanded retail display marks a forward step in Whirlpool's effort to revitalize Maytag, which it acquired in March 2006.
"We've been able to demonstrate to Best Buy that our strategy on innovation is breeding new growth," said David Swift, president of Whirlpool North America. Swift said about 18 Maytag appliances will be available at Best Buy starting in May, which has been tagged "Maytag month."
Read more at Reuters.com Business News
"We've been able to demonstrate to Best Buy that our strategy on innovation is breeding new growth," said David Swift, president of Whirlpool North America. Swift said about 18 Maytag appliances will be available at Best Buy starting in May, which has been tagged "Maytag month."
Read more at Reuters.com Business News
Kenya 2006 sugar output falls 2.7 pct on weather
(Reuters) - Kenya's 2006 sugar production fell by 2.7 percent to 475,670 tonnes due to adverse weather in growing regions, Kenya Sugar Board statistics showed on Wednesday.
Output in 2005 stood at 488,997 tonnes down from a high of 516,803 tonnes in 2004.
Read more at Reuters Africa
Output in 2005 stood at 488,997 tonnes down from a high of 516,803 tonnes in 2004.
Read more at Reuters Africa
NYMEX says completes buying 19 pct Optionable stake
(Reuters) - "The warrant is exercisable for 18 months at an exercise price of $4.30 per share. The agreements also provide for certain marketing and technology initiatives between the companies," the exchange stated.
Benjamin Chesir, NYMEX vice president of new product development, was elected as a director on the Optionable board, increasing its size to five from four directors.
Read more at Reuters.com Mergers News
Benjamin Chesir, NYMEX vice president of new product development, was elected as a director on the Optionable board, increasing its size to five from four directors.
Read more at Reuters.com Mergers News
Ford recalls 527,000 SUVs after engine fires
(Reuters) - The recall does not affect hybrid versions of the SUV, Kinley said.
Water and contaminants can could enter the ABS connector and cause corrosion, which in some cases could lead to smoking or melting of the ABS connector, Kinley said.
Read more at Reuters.com Business News
Water and contaminants can could enter the ABS connector and cause corrosion, which in some cases could lead to smoking or melting of the ABS connector, Kinley said.
Read more at Reuters.com Business News
TREASURIES-Bonds flat ahead of Bernanke, Fed minutes
(Reuters) - NEW YORK, April 11 - U.S. government bond prices traded little changed on Wednesday as investors paused to see if the Federal Reserve would elaborate on its view of inflation and hint at the future path of benchmark interest rates.
Early in the session there was modest buying, with investors drawn by yields trading near two-month highs in the aftermath of a strong U.S. jobs report last week.
Read more at Reuters.com Bonds News
Early in the session there was modest buying, with investors drawn by yields trading near two-month highs in the aftermath of a strong U.S. jobs report last week.
Read more at Reuters.com Bonds News
UPDATE 1-Top Image to buy Capture Projects for 1.8 mln pounds
(Reuters) - The deal also includes a performance-based consideration, the company which provides data capture products said in a statement.
The acquisition of the electronic mailroom solutions provider would double the size of Top Image's operation in the European market.
Read more at Reuters.com Mergers News
The acquisition of the electronic mailroom solutions provider would double the size of Top Image's operation in the European market.
Read more at Reuters.com Mergers News
Japan consumer spending uncertainty poses risk-IMF
(Reuters) - Tokyo will need to continue to find ways to trim its fiscal deficit and prepare for eventual interest rate normalization to avoid shocks to carry-trade investors, the IMF said in its twice-yearly World Economic Outlook.
"The economy's underlying momentum remains robust, with private investment expanding -- supported by strong profits, improved corporate balance sheets, and the resumption of bank lending -- and rising export growth," it said.
Read more at Reuters.com Economic News
"The economy's underlying momentum remains robust, with private investment expanding -- supported by strong profits, improved corporate balance sheets, and the resumption of bank lending -- and rising export growth," it said.
Read more at Reuters.com Economic News
Hungarian Inflation Rate Rose to Near Six-Year High in March on Fuel Costs
(Bloomberg) -- Hungary's inflation rate rose to the highest in almost six years in March as prices of regulated items rose, including fuels, electric power and health care.
The annual rate reached 9 percent, the highest since July 2001, compared with 8.8 percent in February. The result matched the median forecast of 13 economists in a Bloomberg survey. Prices rose 0.8 percent from February, while core inflation was 0.4 percent for the month and 6 percent for the year.
Read more at Bloomberg
The annual rate reached 9 percent, the highest since July 2001, compared with 8.8 percent in February. The result matched the median forecast of 13 economists in a Bloomberg survey. Prices rose 0.8 percent from February, while core inflation was 0.4 percent for the month and 6 percent for the year.
Read more at Bloomberg
Posco May Say First-Quarter Profit Rose 32 Percent on Higher Steel Prices
(Bloomberg) -- Posco, the world's third-largest steelmaker, may say first-quarter profit rose 32 percent as it raised prices for the alloy.
Net income in the three months ended March 31 may rise to 899 billion won ($963 million) from 681.4 billion won a year earlier, according to the median estimate of 11 analysts surveyed by Bloomberg News. Pohang, South Korea-based Posco is scheduled to report earnings tomorrow.
Read more at Bloomberg
Net income in the three months ended March 31 may rise to 899 billion won ($963 million) from 681.4 billion won a year earlier, according to the median estimate of 11 analysts surveyed by Bloomberg News. Pohang, South Korea-based Posco is scheduled to report earnings tomorrow.
Read more at Bloomberg
Oil holds at $62 ahead of US gasoline stock data
(Reuters) - Oil prices hovered around $62 a barrel on Wednesday as the market waited for data expected to show a fall in U.S. gasoline stocks, with demand growing ahead of the busy summer months in the world's top consumer.
U.S. crude was up 1 cent at $61.90 a barrel by 1305 GMT, after a gain of 38 cents on Tuesday when the market stabilised after six straight days of falling. London Brent was up 63 cents at $68.05.
Read more at Reuters Africa
U.S. crude was up 1 cent at $61.90 a barrel by 1305 GMT, after a gain of 38 cents on Tuesday when the market stabilised after six straight days of falling. London Brent was up 63 cents at $68.05.
Read more at Reuters Africa
U.S. stocks seen up; eyes on Alcoa, Fed minutes
(Reuters) - Shares of Alcoa, the world's largest aluminum company, rose 1.7 percent in after-hours trading on Tuesday after it reported quarterly earnings, excluding restructuring charges, that beat analysts' estimates.
"Alcoa will dominate the market," said Philip Blows, head of trading at Pacific Continental Securities.
Read more at Reuters.com Bonds News
"Alcoa will dominate the market," said Philip Blows, head of trading at Pacific Continental Securities.
Read more at Reuters.com Bonds News
US STOCKS-Futures point flat as winning streak wears on
(Reuters) - Alcoa, the world's largest aluminum company, said late on Tuesday profit beat Wall Street estimates, sending its shares up 1.7 percent to $35.50 in after-hours trading. The shares were trading higher in Europe on Wednesday. For details, see [ID:nN10420894].
In other company news, Citigroup Inc. said on Wednesday said it will eliminate 17,000 jobs as part of a broad restructuring plan designed to cut costs and bolster a long underperforming stock price.
Read more at Reuters.com Bonds News
In other company news, Citigroup Inc. said on Wednesday said it will eliminate 17,000 jobs as part of a broad restructuring plan designed to cut costs and bolster a long underperforming stock price.
Read more at Reuters.com Bonds News
US STOCKS-Wall St. set for flat open; Alcoa gains
(Reuters) - NEW YORK, April 11 - U.S. stock futures pointed to a flat market open on Wednesday after Alcoa Inc. began the first-quarter earnings season with strong results, but the Dow industrials may be primed for a pullback after eight straight days of gains.
Shares of Alcoa, the world's largest aluminum company, rose after it said on Tuesday that profit beat Wall Street estimates. Its shares gained 2.4 percent to $35.75 in trading before the opening bell. For details, see [ID:nN10420894].
Read more at Reuters.com Bonds News
Shares of Alcoa, the world's largest aluminum company, rose after it said on Tuesday that profit beat Wall Street estimates. Its shares gained 2.4 percent to $35.75 in trading before the opening bell. For details, see [ID:nN10420894].
Read more at Reuters.com Bonds News
TREASURIES-Bonds edge up ahead of Bernanke, Fed minutes
(Reuters) - Since that meeting, bond prices have generally fallen, and yields risen, with investors increasingly jittery that rising inflation might prevent the Fed from cutting interest rates for the foreseeable future.
The bond market could be swayed by any guidance from Bernanke or Richmond Fed President Jeffrey Lacker on how the Fed views recent signs of persistently elevated inflation pressures. Bernanke is due to speak at 1 p.m. on "Market Discipline and Regulation" and Lacker will speak on inflation and unemployment at 12:45 p.m. .
Read more at Reuters.com Bonds News
The bond market could be swayed by any guidance from Bernanke or Richmond Fed President Jeffrey Lacker on how the Fed views recent signs of persistently elevated inflation pressures. Bernanke is due to speak at 1 p.m. on "Market Discipline and Regulation" and Lacker will speak on inflation and unemployment at 12:45 p.m. .
Read more at Reuters.com Bonds News
IMF ups euro zone GDP forecast, ECB hike warranted
(Reuters) - But the International Monetary Fund also said it was not clear if this showed a fundamental improvement in the common currency zone's economic performance, and urged more reform to catch up with the wealthier United States.
"Growth in the euro area is projected to moderate to 2.3 percent in 2007 and 2008, still somewhat above potential," the IMF said in the spring edition of its World Economic Outlook.
Read more at Reuters.com Bonds News
"Growth in the euro area is projected to moderate to 2.3 percent in 2007 and 2008, still somewhat above potential," the IMF said in the spring edition of its World Economic Outlook.
Read more at Reuters.com Bonds News
IMF: Lower oil prices would help shrink imbalances
(Reuters) - In its semiannual World Economic Outlook, the IMF said multilateral consultations it is guiding among five major regions were moving toward "elements of such an approach."
The group includes the United States, China, Saudi Arabia, Japan and the euro area and its members have been meeting secretly for discussions since last year.
Read more at Reuters.com Bonds News
The group includes the United States, China, Saudi Arabia, Japan and the euro area and its members have been meeting secretly for discussions since last year.
Read more at Reuters.com Bonds News
Celgene rebounds after initial drop
(Reuters) - Initially the stock dropped to $55.02 in electronic trade but then recovered to hold at $58, after closing at $58.04 on the Nasdaq.
Read more at Reuters.com Hot Stocks News
Read more at Reuters.com Hot Stocks News
Qatar's Barwa buys Paris building for $542 million
(Reuters) - The government of Qatar, which has the world's third largest gas reserves, owns Qatari Diar and 45 percent of Barwa.
Barwa, among 27 bidders for the project, would spend another 140 million euros renovating the building, the company said in a statement on the Doha bourse Web site.
Read more at Reuters.com Mergers News
Barwa, among 27 bidders for the project, would spend another 140 million euros renovating the building, the company said in a statement on the Doha bourse Web site.
Read more at Reuters.com Mergers News
CORRECTED - Ventas raises offer for Sunrise
(Reuters) - The total value of the transaction, including debt, is C$2.28 billion , the companies said.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
U.S. mortgage applications slip in week - MBA
(Reuters) - The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications dipped 0.4 percent to 646.6 in the week ended Friday, April 6.
Thirty-year fixed home loan rates last week rose 0.03 percentage point to 6.16 percent, excluding fees, matching the rate of the Feb. 23 week, according to the Mortgage Bankers Association.
Read more at Reuters.com Economic News
Thirty-year fixed home loan rates last week rose 0.03 percentage point to 6.16 percent, excluding fees, matching the rate of the Feb. 23 week, according to the Mortgage Bankers Association.
Read more at Reuters.com Economic News
Citigroup says 57 pct of job cuts international
(Reuters) - Citi said on Wednesday it intends to eliminate about 5 percent of its work orce, in a broad restructuring plan designed to cut costs and improve its efficiency.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
No.2 China insurer Ping An's H2 nearly doubles
(Reuters) - HONG KONG, April 11 - Ping An Insurance Co. , China's second-largest life underwriter, nearly doubled 2006 earnings as the country's economic expansion fuelled premiums growth and a booming stock market lifted returns, but the result lagged forecasts slightly.
This year, analysts expect Ping An's non-insurance business
Read more at Reuters.com Market News
This year, analysts expect Ping An's non-insurance business
Read more at Reuters.com Market News
Wall St. set for flat open; Alcoa gains
(Reuters) - Shares of Alcoa, the world's largest aluminum company, rose after it said on Tuesday that profit beat Wall Street estimates. Alcoa stock was up 2 percent to $35.61 in trading before the opening bell.
The Dow industrials registered their longest string of gains in four years on Tuesday, although the increases in several sessions were modest.
Read more at Reuters.com Business News
The Dow industrials registered their longest string of gains in four years on Tuesday, although the increases in several sessions were modest.
Read more at Reuters.com Business News
NY seeks probe of Wal-Mart for surveillance: report
(Reuters) - Comptroller William Thompson Jr.'s office and Wal-Mart officials could not immediately be reached for comment.
Read more at Reuters.com Business News
Read more at Reuters.com Business News
Neotel says to buy Transtel Telecoms
(Reuters) - South Africa's newly-launched second fixed-line operator Neotel has agreed to buy state-owned Transnet's commercial telecom business for 230 million rand, the company said on Wednesday.
Neotel, which is trying to take on former monopoly Telkom, said in a statement Transnet had accepted the offer for Transtel Telecoms and the deal is expected to be concluded within 12-16 weeks.
Read more at Reuters Africa
Neotel, which is trying to take on former monopoly Telkom, said in a statement Transnet had accepted the offer for Transtel Telecoms and the deal is expected to be concluded within 12-16 weeks.
Read more at Reuters Africa
S.Africa Feb manufacturing output quickens
(Reuters) - South Africa's manufacturing output rose by an unadjusted 7.1 percent in volume terms year-on-year in February, indicating continued robust growth despite higher interest rates, data showed on Wednesday.
Compared with January, manufacturing production in volume terms increased by a seasonally adjusted 0.3 percent, Statistics South Africa said.
Read more at Reuters Africa
Compared with January, manufacturing production in volume terms increased by a seasonally adjusted 0.3 percent, Statistics South Africa said.
Read more at Reuters Africa
Norway says excludes DRD Gold from $300 bln fund
(Reuters) - Norway said on Wednesday that it had excluded South African DRD Gold Limited from a huge $300 billion pension fund for environmental reasons.
The Government Pension Fund -- Global, commonly known as the "oil fund", invests Norway's oil and gas wealth in foreign stocks and bonds to save for future generations. It is one of the world's biggest pension funds.
Read more at Reuters Africa
The Government Pension Fund -- Global, commonly known as the "oil fund", invests Norway's oil and gas wealth in foreign stocks and bonds to save for future generations. It is one of the world's biggest pension funds.
Read more at Reuters Africa
Gold Fields CEO says "not approached" about bid
(Reuters) - The chief executive of South Africa's Gold Fields Ltd said on Wednesday he was aware of a bid rumour, but that the firm has not been approached about a takeover.
"We have been aware of a rumour, but we have not been approached and frankly we never, ever comment on any unsubstantiated rumours, and at this stage it's unsubstantiated," Ian Cockerill told Reuters.
Read more at Reuters Africa
"We have been aware of a rumour, but we have not been approached and frankly we never, ever comment on any unsubstantiated rumours, and at this stage it's unsubstantiated," Ian Cockerill told Reuters.
Read more at Reuters Africa
S&P to roll out recovery ratings, tweaks scale
(Reuters) - Credit ratings agency Standard & Poor's set out plans to assign recovery ratings to an expanded range of "junk"-rated debt and adjusted the recovery scale backing the system to reflect the rating of unsecured debt.
S&P said on Wednesday it would start in May by revising previously assigned recovery ratings on secured debt and would publish recovery ratings for sovereigns rated in the speculative-grade category.
Read more at Reuters Africa
S&P said on Wednesday it would start in May by revising previously assigned recovery ratings on secured debt and would publish recovery ratings for sovereigns rated in the speculative-grade category.
Read more at Reuters Africa
S.Africa white maize slides after millers back CEC
(Reuters) - South Africa's most traded white maize slid over 1 percent on Wednesday after the country's Chamber of Milling backed the government's forecast for the 2006/07 maize harvest.
Jannie de Villiers, executive director of the chamber, said on Wednesday the group believed the crop would be roughly in line with the 6.9 million tonnes forecast by South Africa's Crop Estimates Committee (CEC).
Read more at Reuters Africa
Jannie de Villiers, executive director of the chamber, said on Wednesday the group believed the crop would be roughly in line with the 6.9 million tonnes forecast by South Africa's Crop Estimates Committee (CEC).
Read more at Reuters Africa
PRESS DIGEST - Wall Street Journal - April 11
(Reuters) - * Mortgage lenders are straining to respond quickly to homeowners in trouble, but borrowers complain of red tape amid rising delinquencies.
* Nasdaq Stock Market Inc. is in talks to acquire the Philadelphia Stock Exchange. A deal would give the No. 2 stock market a sizable foothold in the options business.
Read more at Reuters.com Bonds News
* Nasdaq Stock Market Inc. is in talks to acquire the Philadelphia Stock Exchange. A deal would give the No. 2 stock market a sizable foothold in the options business.
Read more at Reuters.com Bonds News
UPDATE 4-Japan's Daiei to sell 32 pct of OMC Card -sources
(Reuters) - TOKYO, April 11 - Japanese supermarket Daiei Inc. plans to sell a 31.8 percent stake in its credit card unit OMC Card in an open auction beginning this month, sources close to the matter said on Wednesday.
Credit card firm Credit Saison said it would consider bidding for the OMC shares, which have a market value of about 64 billion yen , while an executive at Sumitomo Mitsui Financial Group has told Reuters that his bank is also interested in the company.
Read more at Reuters.com Bonds News
Credit card firm Credit Saison said it would consider bidding for the OMC shares, which have a market value of about 64 billion yen , while an executive at Sumitomo Mitsui Financial Group has told Reuters that his bank is also interested in the company.
Read more at Reuters.com Bonds News
Puma CEO says considers rival bid unlikely
(Reuters) - Puma expects the bid of 330 euros a share to be PPR's final offer, even though that also "remains to be seen", Zeitz said.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
UPDATE 2-Fujifilm unit, Given Imaging tie up in endoscopes
(Reuters) - Fujifilm's Fujinon Corp. and Given have agreed to jointly market and develop new models of endoscopes -- cameras attached to long fibrescopes used to examine internal organs.
Fujinon also got non-exclusive distribution rights for Given's capsule-shaped endoscope systems. The move could help Fujinon increase its share of the global market where it is No. 2 after Olympus, which controls 70 percent. Given is the world's biggest maker of capsule-type devices, which can be swallowed by patients and are less painful than conventional models.
Read more at Reuters.com Mergers News
Fujinon also got non-exclusive distribution rights for Given's capsule-shaped endoscope systems. The move could help Fujinon increase its share of the global market where it is No. 2 after Olympus, which controls 70 percent. Given is the world's biggest maker of capsule-type devices, which can be swallowed by patients and are less painful than conventional models.
Read more at Reuters.com Mergers News
Stolt-Nielsen says orders 4 tankers for $340 mln
(Reuters) - The vessels are of the same design as four parcel tankers ordered by Stolt-Nielsen Transportation Group from SLS in October last year, the company said.
"Stolt-Nielsen Transportation Group now has a total of 12 ships on order from SLS," Stolt-Nielsen said.
Read more at Reuters.com Mergers News
"Stolt-Nielsen Transportation Group now has a total of 12 ships on order from SLS," Stolt-Nielsen said.
Read more at Reuters.com Mergers News
Norwegian Air passengers up, yields flat in March
(Reuters) - "The yield development is connected to sales campaigns to incorporate the company's route expansion," Norwegian Air Shuttle said in a statement.
"The expansion in Poland has affected negatively the company's yield level, but the rest of the route portfolio has experienced positive yield development compared to the same period last year," Norwegian said.
Read more at Reuters.com Market News
"The expansion in Poland has affected negatively the company's yield level, but the rest of the route portfolio has experienced positive yield development compared to the same period last year," Norwegian said.
Read more at Reuters.com Market News
EMI concerns grow at Warner Music
(Reuters) - "We want to be very realistic about what we would be buying and what we could do with the company, the base level of profitability and the growth becomes increasingly problematic," said Scott Sperling, co-president of Thomas H. Lee Partners, speaking at the Reuters Hedge Funds and Private Equity Summit in New York on Tuesday.
Britain's EMI rejected a 2.1-billion-pound , or 260 pence per share cash takeover proposal from Warner Music Group last month, saying the price was inadequate and not in the best interests of its shareholders.
Read more at Reuters.com Business News
Britain's EMI rejected a 2.1-billion-pound , or 260 pence per share cash takeover proposal from Warner Music Group last month, saying the price was inadequate and not in the best interests of its shareholders.
Read more at Reuters.com Business News
S.Africa's Mittal to appeal competition body ruling
(Reuters) - Mittal Steel SA, the South African unit of the world's top steel-maker, on Wednesday said it would appeal against a ruling by the Competition Tribunal that it charged "excessive prices".
The Tribunal ruled last month that Mittal SA, which is 52 percent owned by Arcelor Mittal, contravened a section of the Competition Act by "charging an excessive price for its flat steel products to the detriment of consumers".
Read more at Reuters Africa
The Tribunal ruled last month that Mittal SA, which is 52 percent owned by Arcelor Mittal, contravened a section of the Competition Act by "charging an excessive price for its flat steel products to the detriment of consumers".
Read more at Reuters Africa
Oil holds near $62 ahead of U.S. gasoline stock data
(Reuters) - U.S. crude was steady at $61.89 a barrel by 0403 GMT, after settling up 38 cents on Tuesday. London Brent crude was down 1 cent at $67.41.
A Reuters poll of analysts forecast U.S. government data due later on Wednesday will show gasoline stocks fell 1.4 million barrels last week, alongside a build in crude stocks of 1.5 million barrels as refinery runs rose.
Read more at Reuters.com Hot Stocks News
A Reuters poll of analysts forecast U.S. government data due later on Wednesday will show gasoline stocks fell 1.4 million barrels last week, alongside a build in crude stocks of 1.5 million barrels as refinery runs rose.
Read more at Reuters.com Hot Stocks News
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