(Reuters) - The coupon was set at 1.7 percent for a fifth consecutive sale of 10-year bonds, but traders said there was healthy demand from investors who were looking for carry income for the next few months.
Activity was mostly led by dealers, with investors largely sitting on the sidelines as they waited for clues over the market's direction.
Read more at Reuters.com Bonds News
Monday, April 2, 2007
NEC says Nasdaq to put off delisting decision
(Reuters) - NEC shares were up 1.0 percent at 637 yen at 0351 GMT, compared with a 0.78 percent increase for the benchmark Nikkei average .
Nasdaq's Listing Qualifications Panel had previously said that it would not be able to extend the April 2 deadline, but NEC then asked the bourse's overseeing Hearings Review Council to review the decision.
Read more at Reuters.com Hot Stocks News
Nasdaq's Listing Qualifications Panel had previously said that it would not be able to extend the April 2 deadline, but NEC then asked the bourse's overseeing Hearings Review Council to review the decision.
Read more at Reuters.com Hot Stocks News
Swiss Re 2006 embedded value up to 22.6 bln Sfr
(Reuters) - ZURICH, April 3 - Swiss Re said on Tuesday the value of its life and health reinsurance portfolio rose by 13 percent in 2006, boosted by the acquisition of the reinsurance units of General Electric .
Swiss Re's embedded value -- an industry gauge for the value of a life insurance portfolio -- rose to 22.6 billion Swiss francs , while the new business value at the world's largest reinsurer also rose.
Read more at Reuters.com Market News
Swiss Re's embedded value -- an industry gauge for the value of a life insurance portfolio -- rose to 22.6 billion Swiss francs , while the new business value at the world's largest reinsurer also rose.
Read more at Reuters.com Market News
Dollar steady, edges up from 10-year low vs Aussie
(Reuters) - The dollar held steady against the euro on Tuesday and edged up slightly from a 10-year low against the Australian dollar as investors booked profits after solid gains in higher-yielding currencies.
Expectations for the Reserve Bank of Australia and Bank of England to raise interest rates to 6.5 percent and 5.5 percent respectively, possibly at policy meetings this week, have given the Aussie and the pound a boost in the past month.
Read more at Reuters Africa
Expectations for the Reserve Bank of Australia and Bank of England to raise interest rates to 6.5 percent and 5.5 percent respectively, possibly at policy meetings this week, have given the Aussie and the pound a boost in the past month.
Read more at Reuters Africa
Asian markets push ahead
(Reuters) - At 0056 GMT, South Korea's benchmark KOSPI was down 0.1 percent, pressured by a 1.3 percent decline in POSCO Co Ltd. .
But auto makers rose on hopes of increased sales at home and in its top export market, with Hyundai Motor Co. edging up 0.3 percent.
Read more at Reuters.com Hot Stocks News
But auto makers rose on hopes of increased sales at home and in its top export market, with Hyundai Motor Co. edging up 0.3 percent.
Read more at Reuters.com Hot Stocks News
AT&T, America Movil have agendas in T. Italia bid
(Reuters) - AT&T wants to expand in Europe amid a decline in fixed-line services in the United States, while America Movil, owned by billionaire Carlos Slim, seeks to boost its supremacy in Latin America by taking over Telecom Italia's Brazilian operations.
The companies have offered about 4.5 billion euros , according to Reuters calculations, for a third each of holding company Olimpia, which is Telecom Italia's top shareholder with an 18 percent stake. San Antonio, Texas-based AT&T owns 8 percent of America Movil.
Read more at Reuters.com Mergers News
The companies have offered about 4.5 billion euros , according to Reuters calculations, for a third each of holding company Olimpia, which is Telecom Italia's top shareholder with an 18 percent stake. San Antonio, Texas-based AT&T owns 8 percent of America Movil.
Read more at Reuters.com Mergers News
Tenet to pay $10 mln to settle SEC fraud charges
(Reuters) - David Dennis, Tenet's former chief financial officer, and Raymond Mathiasen, Tenet's former chief accounting officer, also settled with the SEC, with Dennis agreeing to pay a $150,000 civil penalty and Mathiasen agreeing to a $240,000 civil penalty, the SEC said.
Read more at Reuters.com Government Filings News
Read more at Reuters.com Government Filings News
Fed's Poole says main concern is inflation
(Reuters) - He said, however, that he expected inflation to moderate gradually and that the economic outlook could be stronger or weaker than the current outlook.
"Inflation is a major concern and if inflation were to head up in a convincing way from the current level, I could be in favor of a rate increase at some point," he told the New York chapter of the National Association for Business Economics, after a speech on inflation.
Read more at Reuters.com Bonds News
"Inflation is a major concern and if inflation were to head up in a convincing way from the current level, I could be in favor of a rate increase at some point," he told the New York chapter of the National Association for Business Economics, after a speech on inflation.
Read more at Reuters.com Bonds News
Books-A-Million shares surge on strong earnings
(Reuters) - Shares of the Birmingham, Alabama-based company were up $3.03 to $17.27 in afternoon trade on the Nasdaq, their largest intra-day percentage gain since mid-2005.
On Friday, after the stock market close, Books-A-Million posted a 35 percent rise in quarterly profit, to $15.1 million, or 90 cents a share, from $11.2 million, or 66 cents a share, a year earlier.
Read more at Reuters.com Hot Stocks News
On Friday, after the stock market close, Books-A-Million posted a 35 percent rise in quarterly profit, to $15.1 million, or 90 cents a share, from $11.2 million, or 66 cents a share, a year earlier.
Read more at Reuters.com Hot Stocks News
Update 1-Husky cleared to boost oil output at White Rose
(Reuters) - Sean Kelly, a spokesman for the Canada-Newfoundland Offshore Petroleum Board, said Husky can raise production right away to the new level from its current limit of 110,000 bpd.
"The operator may proceed immediately to increase production," Kelly said.
Read more at Reuters.com Government Filings News
"The operator may proceed immediately to increase production," Kelly said.
Read more at Reuters.com Government Filings News
UPDATE 1-Mexico 29-day Cetes yield dips to 7.02 percent
(Reuters) - Rates for longer-term Cetes were mixed. The yield on three-month paper rose one basis point to 7.16 percent. Six-month Cetes shed 2 basis points to 7.26 percent.
The yield on the 5-year bond dropped to 7.45 percent from 7.69 percent the last time it was sold.
Read more at Reuters.com Bonds News
The yield on the 5-year bond dropped to 7.45 percent from 7.69 percent the last time it was sold.
Read more at Reuters.com Bonds News
Mexican telecom America Movil surges on Italian bid
(Reuters) - MEXICO CITY, April 2 - Mexico's dominant cell phone operator America Movil surged on Monday after it bid to buy a stake in the company that controls Telecom Italia , Europe's No. 5 telecom group.
Shares of America Movil jumped 3.4 percent to 27.34 pesos, while its New York traded shares were up 3.91 percent at $49.66.
Read more at Reuters.com Mergers News
Shares of America Movil jumped 3.4 percent to 27.34 pesos, while its New York traded shares were up 3.91 percent at $49.66.
Read more at Reuters.com Mergers News
New Century bankrupt as US subprime woes widen
(Reuters) - NEW YORK, April 2 - High-risk mortgage lender New Century filed for bankruptcy and fired over half its work force on Monday as signs emerged the U.S. housing crisis was spreading into better quality home loans.
Rising defaults on variable-rate mortgages have pinched lenders who made loans to borrowers with spotty credit histories, leaving many in financial trouble.
Read more at Reuters.com Government Filings News
Rising defaults on variable-rate mortgages have pinched lenders who made loans to borrowers with spotty credit histories, leaving many in financial trouble.
Read more at Reuters.com Government Filings News
Think tanks urge standardized U.S. quarterly reports
(Reuters) - The report from the Business Roundtable Institute for Corporate Ethics, comprised of U.S. business and academic leaders, and the CFA Center for Financial Market Integrity asks that companies go beyond government regulations and standardize the way quarterly earnings reports are disseminated.
Titled "Apples to Apples: A Template for Reporting Quarterly Earnings," the report asks companies to clearly give quarterly bottom-line per share figures and earnings and to include a concise table explaining how each given figure is calculated.
Read more at Reuters.com Business News
Titled "Apples to Apples: A Template for Reporting Quarterly Earnings," the report asks companies to clearly give quarterly bottom-line per share figures and earnings and to include a concise table explaining how each given figure is calculated.
Read more at Reuters.com Business News
US STOCKS-Shares near flat; deals offset economic fears
(Reuters) - Financial stocks fell after subprime mortgage lender New Century Financial Corp. filed for bankruptcy protection.
But First Data Corp. , a credit-card and payment processor, said it had agreed to a $29 billion buyout bid by private equity firm Kohlberg Kravis Roberts & Co. [KKR.UL]. First Data shares were up 20.8 percent at $32.49.
Read more at Reuters.com Bonds News
But First Data Corp. , a credit-card and payment processor, said it had agreed to a $29 billion buyout bid by private equity firm Kohlberg Kravis Roberts & Co. [KKR.UL]. First Data shares were up 20.8 percent at $32.49.
Read more at Reuters.com Bonds News
Midwest Air asks stockholders to defer action on AirTran offer
(Reuters) - The board will review and consider AirTran's offer and make a recommendation to shareholders no later than April 13, Midwest said in a statement.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
TREASURIES-Prices steady as inflation seen delaying rate cut
(Reuters) - NEW YORK, April 2 - U.S. Treasury debt prices were steady on Monday as investors brushed aside surprisingly weak manufacturing data on views stubbornly high inflation could prevent an interest rate cut later this year.
Government bonds also were little moved by news of more problems in the subprime mortgage sector, with New Century Financial, the biggest independent player in the industry, filing for Chapter 11 bankruptcy protection.
Read more at Reuters.com Bonds News
Government bonds also were little moved by news of more problems in the subprime mortgage sector, with New Century Financial, the biggest independent player in the industry, filing for Chapter 11 bankruptcy protection.
Read more at Reuters.com Bonds News
US airline on-time record in Feb. worst since 2000
(Reuters) - The agency reported earlier this year that consumer complaints were up in 2006 as U.S. airlines mishandled more than 4 million bags and had other operational problems despite improved finances.
The most recent operational performance figures showed that the biggest airlines recorded one of their lowest rankings for monthly on-time performance in February since the agency started comparable records in the mid-1990s, with just 67.2 percent of flights on time.
Read more at Reuters.com Government Filings News
The most recent operational performance figures showed that the biggest airlines recorded one of their lowest rankings for monthly on-time performance in February since the agency started comparable records in the mid-1990s, with just 67.2 percent of flights on time.
Read more at Reuters.com Government Filings News
Dollar falls as investors search for clues on rates
(Reuters) - The dollar slipped against the euro and yen on Monday, with the market focused on Friday's U.S. jobs data for March and the week's other economic data for clues on when the Federal Reserve might cut interest rates.
The dollar barely reacted to a survey by the U.S. Institute for Supply and Management that was almost in line with expectations. For more details, click. The report showed manufacturing grew in March but at a slower pace than in February.
Read more at Reuters Africa
The dollar barely reacted to a survey by the U.S. Institute for Supply and Management that was almost in line with expectations. For more details, click. The report showed manufacturing grew in March but at a slower pace than in February.
Read more at Reuters Africa
UPDATE 1-US court rules against Bush in global warming case
(Reuters) - WASHINGTON, April 2 - In a defeat for the Bush administration, the Supreme Court ruled on Monday that a U.S. government agency has the power under the clean air law to regulate greenhouse gas emissions that spur global warming.
The nation's highest court by a 5-4 vote said the U.S. Environmental Protection Agency "has offered no reasoned explanation" for its refusal to regulate carbon dioxide and other emissions from new cars and trucks that contribute to climate change.
Read more at Reuters.com Bonds News
The nation's highest court by a 5-4 vote said the U.S. Environmental Protection Agency "has offered no reasoned explanation" for its refusal to regulate carbon dioxide and other emissions from new cars and trucks that contribute to climate change.
Read more at Reuters.com Bonds News
S&P cuts First Data ratings to junk status from "A"
(Reuters) - "The lowering of the corporate credit rating to 'BB+' reflects our view that First Data no longer possesses an investment-grade financial policy in light of the announced debt-financed transaction," Standard & Poor's credit analyst Philip Schrank wrote.
The ratings could be further lowered, potentially into the 'B' category, S&P said.
Read more at Reuters.com Bonds News
The ratings could be further lowered, potentially into the 'B' category, S&P said.
Read more at Reuters.com Bonds News
Jones Soda hires ex-Izze exec; shares jump
(Reuters) - "We believe that Mr. Burns' experience with Izze Beverage Co., a fast-growing, premium beverage company, will benefit Jones Soda as the company builds upon its sales and distribution capabilities," Stifel Nicolaus analyst Mark Swartzberg wrote in a research note.
Separately, the Seattle-based beverage company said that as previously announced, it has launched 12-ounce bottles of its Jones Pure Cane Soda nationally, and that it plans to sweeten all its sodas with pure cane sugar instead of high-fructose corn syrup.
Read more at Reuters.com Hot Stocks News
Separately, the Seattle-based beverage company said that as previously announced, it has launched 12-ounce bottles of its Jones Pure Cane Soda nationally, and that it plans to sweeten all its sodas with pure cane sugar instead of high-fructose corn syrup.
Read more at Reuters.com Hot Stocks News
U.S. to sell $16 bln 12-day bills on Wednesday
(Reuters) - The bills mature on April 17. Treasury said the net long position reporting threshold is $5.60 billion.
Noncompetitive bids must be received before 12:00 noon and competitive bids by 1:00 p.m. .
Read more at Reuters.com New Issues News
Noncompetitive bids must be received before 12:00 noon and competitive bids by 1:00 p.m. .
Read more at Reuters.com New Issues News
Ford signs MoU to sell Automotive Components' propshaft ops
(Reuters) - The Monroe Plant produces driveshafts, halfshafts, other driveline products and catalytic converters and employs about 1200 people, the company said in a statement.
The sale is part of Ford's strategy to sell all operations of its Automotive Components Holdings unit.
Read more at Reuters.com Mergers News
The sale is part of Ford's strategy to sell all operations of its Automotive Components Holdings unit.
Read more at Reuters.com Mergers News
UPDATE 2-TXU says it does not expect superior takeover bid
(Reuters) - NEW YORK, April 2 - Texas power company TXU Corp. , which in February agreed to a $32 billion takeover by Kohlberg Kravis Roberts & Co. and Texas Pacific Group, said on Monday that it did not expect a superior bid.
TXU said it had not received any competing offers and that its financial adviser, Lazard Ltd. , had told the independent board committee reviewing the takeover that it did not believe the company would receive a superior proposal to the KKR and TPG bid.
Read more at Reuters.com Government Filings News
TXU said it had not received any competing offers and that its financial adviser, Lazard Ltd. , had told the independent board committee reviewing the takeover that it did not believe the company would receive a superior proposal to the KKR and TPG bid.
Read more at Reuters.com Government Filings News
HSBC investment bank fixes focus on Asia, financing
(Reuters) - HSBC executives have emphasised the shift in strategy on several occasions in recent weeks, marking the end of the bigger global plans unveiled by former investment bank co-head John Studzinski four years ago, analysts said.
"That's definitely gone, that was the old view of where they wanted to be in investment banking, which was the co-authored strategy of Gulliver and Studzinski," said David Williams, bank analyst at Morgan Stanley.
Read more at Reuters.com Bonds News
"That's definitely gone, that was the old view of where they wanted to be in investment banking, which was the co-authored strategy of Gulliver and Studzinski," said David Williams, bank analyst at Morgan Stanley.
Read more at Reuters.com Bonds News
US STOCKS-Wall Street opens quarter higher on deals
(Reuters) - The Dow Jones industrial average was up 14.79 points, or 0.12 percent, at 12,369.14. The Standard & Poor's 500 Index was up 1.52 points, or 0.11 percent, at 1,422.38. The Nasdaq Composite Index was up 4.07 points, or 0.17 percent, at 2,425.71.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
UPDATE 1-Star Sci says its appeal in Reynolds case denied
(Reuters) - The company said that on Friday, its motion for interlocutory appeal was denied in its ongoing dispute with R.J. Reynolds, a unit of Reynolds American Inc.
In January, a federal judge handed R.J. Reynolds a legal victory in ruling that key patent claims at issue in the suit were invalid.
Read more at Reuters.com Bonds News
In January, a federal judge handed R.J. Reynolds a legal victory in ruling that key patent claims at issue in the suit were invalid.
Read more at Reuters.com Bonds News
EU mergers and takeovers (April 2)
(Reuters) - APPROVALS AND WITHDRAWALS:
-- A unit of Citigroup buys British Internet bank Egg
Read more at Reuters.com Government Filings News
-- A unit of Citigroup buys British Internet bank Egg
Read more at Reuters.com Government Filings News
RPT-Freddie to sell new 10-year notes, reopen 2-year
(Reuters) - The new 10-year notes will be sold through underwriters led by Goldman Sachs, Lehman Brothers and Merrill Lynch.
The reopening of 4.75 percent notes due March 5, 2009 will be conducted via an Internet-based auction. The reopening will bring the size of this issue to $4 billion.
Read more at Reuters.com New Issues News
The reopening of 4.75 percent notes due March 5, 2009 will be conducted via an Internet-based auction. The reopening will bring the size of this issue to $4 billion.
Read more at Reuters.com New Issues News
Collins signs sale agreement on plastics business
(Reuters) - Cadence said in a separate statement that it expects to complete the acquisition by the end of the second quarter and it would finance the purchase through a mix of external debt financing and an investment by its shareholders.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
UPDATE 1-Transmeta says to cut more jobs in second quarter
(Reuters) - The company has cut as many as 130 jobs in recent months and intends to focus on its intellectual property development and licensing business. As of March 31, Transmeta had about 65 employees, it said in a statement.
The company has ceased to pursue engineering services as a separate line of business, ceased its operations relating to microprocessor production support, and has exited the business of selling microprocessor products, as part of its restructuring efforts.
Read more at Reuters.com Mergers News
The company has ceased to pursue engineering services as a separate line of business, ceased its operations relating to microprocessor production support, and has exited the business of selling microprocessor products, as part of its restructuring efforts.
Read more at Reuters.com Mergers News
Infineon sells optical fibre business to Avago
(Reuters) - Infineon's polymer optical fibre division is relatively small, and employs some 80 staff in Regensburg near Munich. All the division's staff are expected to become Avago employees and will continue to work in Regensburg, Infineon and Avago said.
Infineon sold the majority of its fibre-optic business to U.S. communications-equipment company Finisar in 2005.
Read more at Reuters.com Mergers News
Infineon sold the majority of its fibre-optic business to U.S. communications-equipment company Finisar in 2005.
Read more at Reuters.com Mergers News
JM Smucker to buy Eagle Family Foods for $133 mln
(Reuters) - April 2 - J.M. Smucker Co. said it agreed to acquire Ohio-based, privately held Eagle Family Foods Holdings Inc. for about $133 million in cash, looking to boost its presence in the baking aisle of supermarkets.
The deal values the largest U.S. producer of sweetened condensed and evaporated milk at about $248 million, including $115 million in debt, Smucker said.
Read more at Reuters.com Bonds News
The deal values the largest U.S. producer of sweetened condensed and evaporated milk at about $248 million, including $115 million in debt, Smucker said.
Read more at Reuters.com Bonds News
Cardica extends distribution agreement with Century Medical
(Reuters) - Cardica will make a principal payment of $1 million toward its outstanding debt to Century, with a remaining $2 million due in June 2010, two years beyond the original maturity date.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
UPDATE 1-Akorn says FDA move to hurt H1 sales by about $2 mln
(Reuters) - The company said the notice will affect the manufacture of IC-Green, its intravenous dye, which could hurt first-half 2007 revenue by about $2 million.
Akorn said it will immediately seek a contract manufacturer for IC-Green.
Read more at Reuters.com Government Filings News
Akorn said it will immediately seek a contract manufacturer for IC-Green.
Read more at Reuters.com Government Filings News
S.Africa fails to restart nuclear power unit
(Reuters) - One unit at South Africa's Koeberg nuclear plant was still shut down on Monday after an attempt to restart it failed, state power utility Eskom said.
The unit was shut down on Thursday to check for potential damage and the start-up process took place over the weekend, with power moving onto the national grid early Monday morning, a statement said.
Read more at Reuters Africa
The unit was shut down on Thursday to check for potential damage and the start-up process took place over the weekend, with power moving onto the national grid early Monday morning, a statement said.
Read more at Reuters Africa
US STOCKS-Wall St seen opening flat, deals in focus
(Reuters) - The credit-card and payment processor said it had agreed to be bought by private equity firm Kohlberg Kravis Roberts & Co. [KKR.UL] but also plans to seek other bids. Shares of First Data rose after the announcement, which valued the company at $29 billion. For more details, see [ID:nN02384673]
In other deal news, U.S. phone company AT&T Inc. said it and Mexican cell phone operator America Movil were in talks to buy stakes in a company that controls Telecom Italia for about $6.4 billion.
Read more at Reuters.com Bonds News
In other deal news, U.S. phone company AT&T Inc. said it and Mexican cell phone operator America Movil were in talks to buy stakes in a company that controls Telecom Italia for about $6.4 billion.
Read more at Reuters.com Bonds News
UPDATE 1-Renault dives in lower French new car market
(Reuters) - PARIS, April 2 - New car sales for Renault dropped 13.2 percent in March while overall new car registrations were down 3.8 percent to 189,894 vehicles in France, the French car makers' association CCFA said on Monday.
Corrected for the same number of working days, CCFA said the March market was stable at up 0.6 percent. For the first quarter, the overall market was down 1.4 percent or up 0.2 percent on a same working day basis.
Read more at Reuters.com Market News
Corrected for the same number of working days, CCFA said the March market was stable at up 0.6 percent. For the first quarter, the overall market was down 1.4 percent or up 0.2 percent on a same working day basis.
Read more at Reuters.com Market News
UPDATE 1-Celesio mulling Alliance Boots bid -sources
(Reuters) - Celesio is working with financial adviser NM Rothschild to sound out private equity firms to trump a 10-billion-pound approach by Alliance Boots deputy chairman Stefano Pessina and private equity firm Kohlberg Kravis Roberts [KKR.UL], the sources said.
Celesio's plan would be to split up the company, they added.
Read more at Reuters.com Mergers News
Celesio's plan would be to split up the company, they added.
Read more at Reuters.com Mergers News
Analysts welcome Moody's bank downgrade plans
(Reuters) - As a result, it said that on Tuesday, it would put on review for possible downgrade some 40 to 50 mainly European banks, with the majority of ratings set to be downgraded by one notch, although there could be two- or three-notch cuts. The reviews will be concluded on April 10.
The original methodology was roundly criticised after it led to upgrades to triple-A for 16 European bank groups, including four- or five-notch upgrades for Iceland's three major banks. Analysts and investors said this could devalue Moody's ratings as it would make it more difficult to distinguish between banks' relative credit quality. "We think investors will generally welcome the refinement as it requires less of a step-change than pre-JDA ratings," analysts at Dresdner Kleinwort said in a note to clients.
Read more at Reuters.com Bonds News
The original methodology was roundly criticised after it led to upgrades to triple-A for 16 European bank groups, including four- or five-notch upgrades for Iceland's three major banks. Analysts and investors said this could devalue Moody's ratings as it would make it more difficult to distinguish between banks' relative credit quality. "We think investors will generally welcome the refinement as it requires less of a step-change than pre-JDA ratings," analysts at Dresdner Kleinwort said in a note to clients.
Read more at Reuters.com Bonds News
UPDATE 1-Hershey to buy 51 pct in India's Godrej Beverages
(Reuters) - Hershey will buy shares in Godrej Beverages from IL&FS or subscribe to fresh shares through its wholly owned subsidiary, Hershey Netherlands BV, the statement showed.
The deal is subject to further clearances.
Read more at Reuters.com Mergers News
The deal is subject to further clearances.
Read more at Reuters.com Mergers News
South Korea, U.S. agree last-minute trade deal
(Reuters) - The deal came after nine months of negotiations and sometimes violent protests in South Korea, mostly over fears that the country's heavily subsidised farmers could not survive a flood of cheaper U.S. farm products.
Seoul agreed in the end to phase out its 40 percent tariff on U.S. beef over 15 years, but it was not immediately clear how much the two sides had conceded on other issues and whether South Korea's long-protected rice market would be opened up.
Read more at Reuters.com Business News
Seoul agreed in the end to phase out its 40 percent tariff on U.S. beef over 15 years, but it was not immediately clear how much the two sides had conceded on other issues and whether South Korea's long-protected rice market would be opened up.
Read more at Reuters.com Business News
PRESS DIGEST - Wall Street Journal - April 2
(Reuters) - * The U.S. and South Korea reached a free-trade agreement. The deal, which still requires legislative approval in both countries, aims to build on a relationship that amounted to $75 billion in two-way trade last year.
* Google Inc. has emerged, along with Microsoft Corp. , as a contender to buy DoubleClick Inc., presenting competition that stands to increase the final sale price of the online-advertising company, people familiar with the situation said.
Read more at Reuters.com Mergers News
* Google Inc. has emerged, along with Microsoft Corp. , as a contender to buy DoubleClick Inc., presenting competition that stands to increase the final sale price of the online-advertising company, people familiar with the situation said.
Read more at Reuters.com Mergers News
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