Trial of ex-Bear Stearns execs goes to jury
November 9, 2009
NEW YORK (Reuters) - Pay and venue were the focus of a jury's early deliberations on Monday in the trial of two former Bear Stearns hedge fund managers accused of fraud over dealings in mortgage-backed securities early in the financial crisis.
November 9, 2009
NEW YORK (Reuters) - Pay and venue were the focus of a jury's early deliberations on Monday in the trial of two former Bear Stearns hedge fund managers accused of fraud over dealings in mortgage-backed securities early in the financial crisis.
Kraft turns hostile in $16 billion bid for Cadbury
November 9, 2009
LONDON/CHICAGO (Reuters) - Kraft Foods Inc chief Irene Rosenfeld refused to sweeten her $16.2 billion offer for candy maker Cadbury Plc and took the bid directly to shareholders on Monday, setting the stage for a takeover battle that could last up to three months.
November 9, 2009
LONDON/CHICAGO (Reuters) - Kraft Foods Inc chief Irene Rosenfeld refused to sweeten her $16.2 billion offer for candy maker Cadbury Plc and took the bid directly to shareholders on Monday, setting the stage for a takeover battle that could last up to three months.
Dow hits 2009 high
November 9, 2009
NEW YORK (Reuters) - A broad U.S. stocks rally sent the Dow industrials to a 13-month high on Monday, after the Group of 20 pledged to keep aid flowing to the world economy, strengthening investors' desire for risk.
November 9, 2009
NEW YORK (Reuters) - A broad U.S. stocks rally sent the Dow industrials to a 13-month high on Monday, after the Group of 20 pledged to keep aid flowing to the world economy, strengthening investors' desire for risk.
Google buys mobile ad firm for $750 million
November 9, 2009
SAN FRANCISCO (Reuters) - Google Inc is acquiring mobile advertising company AdMob for $750 million, furthering the company's push into the fast-growing market of Web-enabled cell phones.
November 9, 2009
SAN FRANCISCO (Reuters) - Google Inc is acquiring mobile advertising company AdMob for $750 million, furthering the company's push into the fast-growing market of Web-enabled cell phones.
“Fertilizer wars” throw spotlight on three CEOs
November 9, 2009
NEW YORK/TORONTO (Reuters) - Mike Wilson, Steve Wilson and Mike Bennett are patient men.
November 9, 2009
NEW YORK/TORONTO (Reuters) - Mike Wilson, Steve Wilson and Mike Bennett are patient men.
Oil jumps 3 percent on Ida, equities
November 9, 2009
NEW YORK (Reuters) - Oil rose 3 percent toward $80 a barrel on Monday after Tropical Storm Ida forced the shut in of U.S. oil and gas production, helping to support prices.
November 9, 2009
NEW YORK (Reuters) - Oil rose 3 percent toward $80 a barrel on Monday after Tropical Storm Ida forced the shut in of U.S. oil and gas production, helping to support prices.
Ex-SEC lawyer pleads guilty in Dreier Ponzi fraud
November 9, 2009
NEW YORK (Reuters) - A former enforcement lawyer with the U.S. Securities and Exchange Commission pleaded guilty to impersonating two people to help confessed Ponzi scheme operator Marc Dreier defraud hedge funds.
November 9, 2009
NEW YORK (Reuters) - A former enforcement lawyer with the U.S. Securities and Exchange Commission pleaded guilty to impersonating two people to help confessed Ponzi scheme operator Marc Dreier defraud hedge funds.
Las Vegas Sands shares rise 7 percent
November 9, 2009
ATLANTA (Reuters) - Shares of Las Vegas Sands Corp rose 7 percent on Monday after the casino operator said it would look to raise up to $3.35 billion through an initial public offering of shares in its Macau business.
November 9, 2009
ATLANTA (Reuters) - Shares of Las Vegas Sands Corp rose 7 percent on Monday after the casino operator said it would look to raise up to $3.35 billion through an initial public offering of shares in its Macau business.
Dish gains subscribers, sets special dividend
November 9, 2009
NEW YORK (Reuters) - Dish Network Corp, the No. 2 U.S. satellite TV provider, beat Wall Street forecasts by posting a gain of 241,000 subscribers in the third quarter and surprised investors with a plan to pay shareholders a special dividend of $2 a share.
November 9, 2009
NEW YORK (Reuters) - Dish Network Corp, the No. 2 U.S. satellite TV provider, beat Wall Street forecasts by posting a gain of 241,000 subscribers in the third quarter and surprised investors with a plan to pay shareholders a special dividend of $2 a share.
McDonald’s October same-store sales up
November 9, 2009
LOS ANGELES/CHICAGO (Reuters) - McDonald's Corp said sales at established U.S. restaurants fell 0.1 percent in October, as expected, but its stock ticked up 1.5 percent after sales from the rest of the world buoyed overall results.
November 9, 2009
LOS ANGELES/CHICAGO (Reuters) - McDonald's Corp said sales at established U.S. restaurants fell 0.1 percent in October, as expected, but its stock ticked up 1.5 percent after sales from the rest of the world buoyed overall results.
Stuyvesant Town promotes loan changes
November 9, 2009
NEW YORK (Reuters) - The joint venture that borrowed heavily to buy Stuyvesant Town and Peter Cooper Village in 2006 could be among the first to take advantage of changes in U.S. tax law that let borrowers seek payment relief, when it said last week that it could not keep paying interest on a $3 billion loan.
November 9, 2009
NEW YORK (Reuters) - The joint venture that borrowed heavily to buy Stuyvesant Town and Peter Cooper Village in 2006 could be among the first to take advantage of changes in U.S. tax law that let borrowers seek payment relief, when it said last week that it could not keep paying interest on a $3 billion loan.
AXA targets Asia growth in spite of China snag
November 9, 2009
SYDNEY/HONG KONG (Reuters) - French insurer AXA sought full control of its majority-owned Asian arm to get a tighter grip on the region's booming markets, and stuck with plans to grow in China in spite of regulatory obstacles there.
November 9, 2009
SYDNEY/HONG KONG (Reuters) - French insurer AXA sought full control of its majority-owned Asian arm to get a tighter grip on the region's booming markets, and stuck with plans to grow in China in spite of regulatory obstacles there.
Retailers in focus as earnings season wraps up
November 9, 2009
NEW YORK (Reuters) - U.S. retailers are poised to defy gloom this week as earnings expectations have improved, but the big test will be what they say about holiday shopping.
November 9, 2009
NEW YORK (Reuters) - U.S. retailers are poised to defy gloom this week as earnings expectations have improved, but the big test will be what they say about holiday shopping.
GM CEO starts Opel tour at Ruesselsheim
November 9, 2009
FRANKFURT (Reuters) - General Motors Chief Executive Fritz Henderson was due in Germany on Monday to start talks aimed at soothing workers' tempers over the carmaker's plan to reorganize European arm Opel on its own.
November 9, 2009
FRANKFURT (Reuters) - General Motors Chief Executive Fritz Henderson was due in Germany on Monday to start talks aimed at soothing workers' tempers over the carmaker's plan to reorganize European arm Opel on its own.
Global stocks rise, dollar falls
November 9, 2009
LONDON (Reuters) - Global stocks rose and the dollar fell on Monday after the Group of 20 pledged to keep stimulus in place until recovery was assured, following data on Friday showing the U.S. unemployment rate rose to a 26-year high.
November 9, 2009
LONDON (Reuters) - Global stocks rose and the dollar fell on Monday after the Group of 20 pledged to keep stimulus in place until recovery was assured, following data on Friday showing the U.S. unemployment rate rose to a 26-year high.
GE, Comcast agree on NBC Universal
November 9, 2009
NEW YORK (Reuters) - General Electric Co. and Comcast Corp have agreed on a valuation of around $30 billion for a joint venture between NBC Universal and Comcast, ironing out what has been a key obstacle in talks so far, a source familiar with the matter said on Sunday.
November 9, 2009
NEW YORK (Reuters) - General Electric Co. and Comcast Corp have agreed on a valuation of around $30 billion for a joint venture between NBC Universal and Comcast, ironing out what has been a key obstacle in talks so far, a source familiar with the matter said on Sunday.
Advanta files for bankruptcy protection
November 9, 2009
NEW YORK (Reuters) - Advanta Corp , a small business credit card lender in the United States, said on Sunday it filed for bankruptcy protection after the economic crisis over the last two years devastated its small business customers.
November 9, 2009
NEW YORK (Reuters) - Advanta Corp , a small business credit card lender in the United States, said on Sunday it filed for bankruptcy protection after the economic crisis over the last two years devastated its small business customers.
Northrop to sell $1.65 bln unit to private equity
November 8, 2009
NEW YORK (Reuters) - Defense contractor Northrop Grumman has agreed to sell its TASC consulting unit to two buyout firms, General Atlantic and Kohlberg Kravis Roberts & Co , for $1.65 billion, the companies said on Sunday.
November 8, 2009
NEW YORK (Reuters) - Defense contractor Northrop Grumman has agreed to sell its TASC consulting unit to two buyout firms, General Atlantic and Kohlberg Kravis Roberts & Co , for $1.65 billion, the companies said on Sunday.
Sprint Nextel to invest more in Clearwire
November 8, 2009
NEW YORK (Reuters) - Sprint Nextel Corp . is preparing to pump at least $1 billion more into Clearwire Corp., the Wall Street Journal reported on Sunday, citing two people familiar with the matter.
November 8, 2009
NEW YORK (Reuters) - Sprint Nextel Corp . is preparing to pump at least $1 billion more into Clearwire Corp., the Wall Street Journal reported on Sunday, citing two people familiar with the matter.
Opel unions see autonomy as condition to talks
November 8, 2009
FRANKFURT (Reuters) - Opel's top German labor leader said on Sunday he was willing to hold negotiations over a restructuring of the European carmaker under its parent General Motors so long as it gains greater independence.
November 8, 2009
FRANKFURT (Reuters) - Opel's top German labor leader said on Sunday he was willing to hold negotiations over a restructuring of the European carmaker under its parent General Motors so long as it gains greater independence.