(Reuters) - Chicago real estate magnate Sam Zell won a bid for Cubs owner Tribune Co. on Monday, offering to take the newspaper publisher and broadcaster private in a deal valuing it at $8.2 billion.
To help finance the deal, Tribune said it would sell the Cubs. But Zell said in a newspaper interview he may sell Wrigley, the second oldest ballpark in baseball, separately.
Read more at Reuters.com Mergers News
Wednesday, April 4, 2007
Bank exec named to U.S. Treasury management role
(Reuters) - McCarthy, now deputy managing director of the Institute of International Finance, an association of top global banks that aims to promote financial stability, will fill a position vacated in December 2006 by Sandra Pack, who served 16 months in the job.
Pack had previously served as chief financial officer for the Bush-Cheney '04 Campaign Committee.
Read more at Reuters.com Bonds News
Pack had previously served as chief financial officer for the Bush-Cheney '04 Campaign Committee.
Read more at Reuters.com Bonds News
Time Warner Cable sells $5 bln in 3 parts - source
(Reuters) - It also included $2 billion 10-year notes priced at 99.769, with a yield of 5.88 percent or 1.24 percentage points over Treasuries; and $1.5 billion of 30-year bonds priced at 99.356, yielding 6.599 percent or 1.75 percentage points above Treasuries.
ABN Amro, Citigroup Global Markets, Deutsche Bank Securities and Wachovia Bank were the joint lead managers of the sale, the source said.
Read more at Reuters.com New Issues News
ABN Amro, Citigroup Global Markets, Deutsche Bank Securities and Wachovia Bank were the joint lead managers of the sale, the source said.
Read more at Reuters.com New Issues News
Argentina's EDENOR files with US for $180 mln IPO
(Reuters) - In a preliminary offering document filed with the U.S. Securities and Exchange Commission, the company -- also known in Spanish as Empresa Distribuidora y Comercializadora Norte S.A. -- said each ADS amounts to 20 Class B common shares.
Citigroup and JPMorgan will underwrite the IPO, according to the SEC document.
Read more at Reuters.com Government Filings News
Citigroup and JPMorgan will underwrite the IPO, according to the SEC document.
Read more at Reuters.com Government Filings News
UPDATE 1-US would require Cemex asset sales in Rinker deal
(Reuters) - Without the divestitures, prices would likely increase for ready mix concrete, concrete block and aggregate sold to customers handling large building and Transportation Department projects, the Justice Department said.
Cemex, the largest cement maker in the United States, would have to sell the facilities in Arizona and Florida, the Justice Department said in a statement.
Read more at Reuters.com Mergers News
Cemex, the largest cement maker in the United States, would have to sell the facilities in Arizona and Florida, the Justice Department said in a statement.
Read more at Reuters.com Mergers News
UPDATE 1-Healthways Q2 profit rises
(Reuters) - The company, which provides health and care support services, also projected third-quarter earnings way below analysts' estimates.
The company said it now expects 2007 revenue of $640 million to $659 million, down from the prior forecast of $667 million to $701 million.
Read more at Reuters.com Market News
The company said it now expects 2007 revenue of $640 million to $659 million, down from the prior forecast of $667 million to $701 million.
Read more at Reuters.com Market News
UPDATE 1-Judge certifies new class-action claim vs. Abbott
(Reuters) - The ruling, handed down on Tuesday by U.S. District Court Judge Robert Gettleman, adds the claim that Abbott misled former employees about how their pension benefits would be affected if they agreed to leave the company to join Hospira. It alleges that Abbott omitted information it had about Hospira's intentions in communicating with employees.
The new certification adds a fourth claim to a class action suit on behalf of about 10,000 former employees.
Read more at Reuters.com Mergers News
The new certification adds a fourth claim to a class action suit on behalf of about 10,000 former employees.
Read more at Reuters.com Mergers News
Computers hinder mammogram readings, report finds
(Reuters) - "This study points out the need for the use of other techniques to find cancer at its earliest stages," said Dr. John Niederhuber, director of the National Cancer Institute, which helped pay for the study.
Dr. Joshua Fenton of the University of California, Davis, and colleagues studied more than 429,000 mammograms for their study, published in the New England Journal of Medicine.
Read more at Reuters.com Government Filings News
Dr. Joshua Fenton of the University of California, Davis, and colleagues studied more than 429,000 mammograms for their study, published in the New England Journal of Medicine.
Read more at Reuters.com Government Filings News
UPDATE 1-Board knew of Conrad Black's payments, jurors told
(Reuters) - CHICAGO, April 4 - Defense lawyers at the criminal fraud trial of Conrad Black sought to show on Wednesday that millions of dollars of payments received by the fallen media baron and co-defendents were approved by the board of his former company, not stolen.
Prosecutors contend Black and three former executives diverted some $60 million from the media conglomerate, Hollinger International Inc., by sending the payments to entities closely controlled by Black.
Read more at Reuters.com Bonds News
Prosecutors contend Black and three former executives diverted some $60 million from the media conglomerate, Hollinger International Inc., by sending the payments to entities closely controlled by Black.
Read more at Reuters.com Bonds News
US STOCKS-Wall St inches up on lower oil, Microsoft rise
(Reuters) - NEW YORK, April 4 - U.S. stocks edged up on Wednesday as Iran's plans to release captured British troops led to a decline in oil prices and positive brokerage comments boosted Microsoft Corp. .
Data pointing to services sector weakness and slower-than-expected growth in factory orders revived concerns about the economy and kept a lid on gains.
Read more at Reuters.com Bonds News
Data pointing to services sector weakness and slower-than-expected growth in factory orders revived concerns about the economy and kept a lid on gains.
Read more at Reuters.com Bonds News
FACTBOX-U.S. Fed policymakers' recent comments
(Reuters) - DALLAS FED PRESIDENT RICHARD FISHER, APRIL 4:
"Inflation is running at too high a rate now," Fisher said after a speech to the Austin Mortgage Bankers Association. "I would like to see inflation lower than it currently is."
Read more at Reuters.com Bonds News
"Inflation is running at too high a rate now," Fisher said after a speech to the Austin Mortgage Bankers Association. "I would like to see inflation lower than it currently is."
Read more at Reuters.com Bonds News
UPDATE 1-Mexico March consumer confidence index rises
(Reuters) - The consumer confidence level fell 5.4 percent compared to the same month a year earlier, the government said, but it was up 2.8 percent from February.
The index showed more people expected their households to be more financially sound a year into the future than they did in February and more people felt able to buy big-ticket durable goods than the previous month.
Read more at Reuters.com Economic News
The index showed more people expected their households to be more financially sound a year into the future than they did in February and more people felt able to buy big-ticket durable goods than the previous month.
Read more at Reuters.com Economic News
S&P raises Freeport-McMoRan on debt reduction
(Reuters) - "Although the former 'BB' corporate credit rating on Freeport gave consideration to a near-term equity offering, the amount raised to be applied toward debt reduction far exceeded our original expectations," S&P said in a statement.
S&P raised Freeport's corporate credit rating one notch and its senior unsecured debt two notches, both to "BB-plus," one level below investment grade. They had been rated "BB," and "BB-minus," respectively.
Read more at Reuters.com Bonds News
S&P raised Freeport's corporate credit rating one notch and its senior unsecured debt two notches, both to "BB-plus," one level below investment grade. They had been rated "BB," and "BB-minus," respectively.
Read more at Reuters.com Bonds News
Time Warner Cable sets guidance on $5 bln debt sale
(Reuters) - The sale will include $1.5 billion of five-year notes, expected to yield about 0.90 percentage point more than U.S. Treasuries; $2 billion of 10-year notes expected to yield about 1.25 percentage points over Treasuries; and $1.5 billion of 30-year bonds with an expected yield of 1.75 percentage points above Treasuries.
ABN Amro, Citigroup Global Markets, Deutsche Bank Securities and Wachovia Bank are the joint lead managers of the sale, the source said.
Read more at Reuters.com Bonds News
ABN Amro, Citigroup Global Markets, Deutsche Bank Securities and Wachovia Bank are the joint lead managers of the sale, the source said.
Read more at Reuters.com Bonds News
TREASURIES-Weak data boosts bond prices, Fed rate cut view
(Reuters) - NEW YORK, April 4 - U.S. Treasury debt prices climbed on Wednesday as surprisingly weak economic data made a rate cut by the Federal Reserve seem more likely and spurred investors to cover short positions prior to Friday's payrolls report.
After Tuesday's decline in Treasury prices, buyers emerged after data showed an index of U.S. service-sector activity fell to its lowest level in nearly four years in March, while a private employment report suggested March's government payrolls report was unlikely to provide any significant surprises.
Read more at Reuters.com Bonds News
After Tuesday's decline in Treasury prices, buyers emerged after data showed an index of U.S. service-sector activity fell to its lowest level in nearly four years in March, while a private employment report suggested March's government payrolls report was unlikely to provide any significant surprises.
Read more at Reuters.com Bonds News
Board knew of Conrad Black's payments, jurors told
(Reuters) - The board of Hollinger International Inc. included such high-profile figures as former secretary of state Henry Kissinger, former Illinois governor James Thompson, one-time Pentagon official Richard Perle and Richard Burt, once U.S. ambassador to Germany.
Black's lawyer, Edward Genson, used a former secretary with the company to produce testimony detailing a series of so-called non-compete payments intended to guarantee that Hollinger would not reenter a market where it sold a media asset.
Read more at Reuters.com Bonds News
Black's lawyer, Edward Genson, used a former secretary with the company to produce testimony detailing a series of so-called non-compete payments intended to guarantee that Hollinger would not reenter a market where it sold a media asset.
Read more at Reuters.com Bonds News
NY agency talks with JPMorgan Chase on new tower
(Reuters) - NEW YORK, April 4 - The New York-New Jersey Port Authority on Wednesday said it was talking with JPMorgan Chase & Co. about building an office tower in lower Manhattan just south of the World Trade Center complex that was destroyed on Sept. 11, 2001.
"We're continuing negotiations," said Port Authority Spokesman Steve Coleman. "Any agreement would need to bring substantial value to the Port Authority and be good for lower Manhattan and the region," he added, declining to offer details about the negotiations, which were reported by The New York Times on Wednesday.
Read more at Reuters.com Bonds News
"We're continuing negotiations," said Port Authority Spokesman Steve Coleman. "Any agreement would need to bring substantial value to the Port Authority and be good for lower Manhattan and the region," he added, declining to offer details about the negotiations, which were reported by The New York Times on Wednesday.
Read more at Reuters.com Bonds News
Circuit City plans more cost cuts
(Reuters) - The CEO also said the consumer electronics retailer has identified "several" candidates for the post of chief financial officer and expects to begin interviews shortly.
Read more at Reuters.com Business News
Read more at Reuters.com Business News
Korean group to build Congo railway in timber deal
(Reuters) - A South Korean consortium has agreed to build a new 800-km (500-mile) railway in Congo Republic in return for timber concessions in the oil-exporting central African country, a Congolese ministry official said.
Timber is Congo's second biggest export after oil, accounting for 7 percent of gross domestic product, and a number of European and Asian companies hold concessions to cut valuable hardwoods from its large tracts of tropical forest.
Read more at Reuters Africa
Timber is Congo's second biggest export after oil, accounting for 7 percent of gross domestic product, and a number of European and Asian companies hold concessions to cut valuable hardwoods from its large tracts of tropical forest.
Read more at Reuters Africa
TREASURIES-Prices tick higher on ADP employment report
(Reuters) - Benchmark 10-year Treasury notes traded up 4/32 in price for a yield of 4.65 percent, compared with 4.67 percent late on Tuesday. The benchmark bond traded 2/32 in price before the report.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
UPDATE 1-Workers strike at three Foundation Coal mines
(Reuters) - "We went on strike on 12:01 this morning," Phil Smith told Reuters. "We're prepared to go as long as it takes."
The work stoppage, the first major strike at a U.S. coal mine since 1994, affected the Cumberland and Emerald mines in Waynesburg, Pennsylvania and the Wabash mine in Keensburg, Illinois, which together sold 15.4 million tons of coal in 2005.
Read more at Reuters.com Bonds News
The work stoppage, the first major strike at a U.S. coal mine since 1994, affected the Cumberland and Emerald mines in Waynesburg, Pennsylvania and the Wabash mine in Keensburg, Illinois, which together sold 15.4 million tons of coal in 2005.
Read more at Reuters.com Bonds News
UPDATE 1-Borders notes offering will not proceed as planned
(Reuters) - The bookseller said the offering would not proceed onWednesday as planned while it re-evaluates the offering and other financing alternatives.
Borders, which is currently making major changes to its operations, said it would give an update at a later date, once it completes the re-evaluation process.
Read more at Reuters.com Bonds News
Borders, which is currently making major changes to its operations, said it would give an update at a later date, once it completes the re-evaluation process.
Read more at Reuters.com Bonds News
UPDATE 2-Chemtura to cut 10 percent of work force
(Reuters) - The company, which makes chemicals used in swimming pools and flame retardants, also said it would trim the number of its business units to four from six, streamlining its financial reporting structure.
The four units will be Polymer Additives, which will include plastic additives and flame retardants; Performance Specialties, which will include petroleum additives; Consumer Products; and Crop Protection.
Read more at Reuters.com Bonds News
The four units will be Polymer Additives, which will include plastic additives and flame retardants; Performance Specialties, which will include petroleum additives; Consumer Products; and Crop Protection.
Read more at Reuters.com Bonds News
Olimpia moves to sack T.Italia chairman
(Reuters) - MILAN, April 4 - Olimpia, the holding company that owns a controlling 18 percent stake in Telecom Italia , moved to sack the telecoms group's chairman on Wednesday after conflicts over strategy.
In a statement, Olimpia, which is controlled by Pirelli , proposed a list of board members for Telecom Italia that did not include Chairman Guido Rossi, though it kept in place Vice-Chairman Carlo Buora and Chief Executive Officer Riccardo Ruggiero.
Read more at Reuters.com Bonds News
In a statement, Olimpia, which is controlled by Pirelli , proposed a list of board members for Telecom Italia that did not include Chairman Guido Rossi, though it kept in place Vice-Chairman Carlo Buora and Chief Executive Officer Riccardo Ruggiero.
Read more at Reuters.com Bonds News
TREASURIES-Bonds extend gains after weaker services growth
(Reuters) - The Institute for Supply Management's services index eased to 52.4, below analysts' expectations for a reading of 55.0 and below the February reading of 54.3. A number above 50 indicates growth in the sector.
The benchmark 10-year note was 5/32 higher in price for a yield of 4.65 percent from 4.67 late on Tuesday, while the two-year note _was 1/32 higher in price for a yield of 4.60 percent from 4.63 percent.
Read more at Reuters.com Bonds News
The benchmark 10-year note was 5/32 higher in price for a yield of 4.65 percent from 4.67 late on Tuesday, while the two-year note _was 1/32 higher in price for a yield of 4.60 percent from 4.63 percent.
Read more at Reuters.com Bonds News
UK probes distribution after Boots/Pfizer deal
(Reuters) - LONDON, April 4 - Britain's consumer affairs watchdog said on Wednesday it would investigate the UK market for distributing medicines after drugs giant Pfizer Inc struck a deal to sell its products through a single wholesaler.
Until recently all medicines were distributed in Britain through competing wholesalers, but Pfizer radically changed that model last month when it began selling prescription drugs solely through UniChem.
Read more at Reuters.com Government Filings News
Until recently all medicines were distributed in Britain through competing wholesalers, but Pfizer radically changed that model last month when it began selling prescription drugs solely through UniChem.
Read more at Reuters.com Government Filings News
UPDATE 1-Teleflex to sell aero engine parts business to GKN
(Reuters) - The sale of Teleflex Aerospace Manufacturing Group would help the company focus on designing, manufacturing, marketing and supporting branded systems and services, Teleflex said in a statement.
The diversified manufacturer now sees earnings from continuing operations of $4.05 to $4.25 per share, before restructuring charges and gains, for 2007. In February, the company had forecast $4.15 to $4.35 per share.
Read more at Reuters.com Mergers News
The diversified manufacturer now sees earnings from continuing operations of $4.05 to $4.25 per share, before restructuring charges and gains, for 2007. In February, the company had forecast $4.15 to $4.35 per share.
Read more at Reuters.com Mergers News
Traders see US March payrolls up 121,800 in auction
(Reuters) - The U.S. Labor Department will issue the March nonfarm payroll report on Friday at 8:30 a.m. .
Investors use the auctions to hedge against surprises in the report, and traders also use the auctions to speculate on the outcome.
Read more at Reuters.com Economic News
Investors use the auctions to hedge against surprises in the report, and traders also use the auctions to speculate on the outcome.
Read more at Reuters.com Economic News
UPDATE 2-Monsanto profit beats extimates, raises outlook
(Reuters) - KANSAS CITY, Mo., April 4 - Monsanto Co. posted higher-than-expected second-quarter profit on Wednesday, due largely to continued strong sales of its genetically modified seeds, particularly corn.
Monsanto also said it expects its full-year 2007 earnings per share in the range of $1.60 to $1.65, both on a reported and ongoing basis. Previously, the company's full-year 2007 EPS forecast was at the upper end of the $1.50 to $1.57 range.
Read more at Reuters.com Market News
Monsanto also said it expects its full-year 2007 earnings per share in the range of $1.60 to $1.65, both on a reported and ongoing basis. Previously, the company's full-year 2007 EPS forecast was at the upper end of the $1.50 to $1.57 range.
Read more at Reuters.com Market News
Scor's Converium bid hopes boosted by profit surge
(Reuters) - PARIS, April 4 - French reinsurer Scor reported a surge in net profits on Wednesday that beat market forecasts and said it was determined to pursue its bid for Swiss rival Converium .
Scor said its underlying net profit last year rose 92 percent to 252 million euros before adding back 54 million euros of "badwill" linked to its acquisition of German reinsurer Revios last year.
Read more at Reuters.com Market News
Scor said its underlying net profit last year rose 92 percent to 252 million euros before adding back 54 million euros of "badwill" linked to its acquisition of German reinsurer Revios last year.
Read more at Reuters.com Market News
UPDATE 1-Best Buy quarterly profit rises
(Reuters) - ATLANTA, April 4 - Best Buy Co. reported an 18.5 percent rise in fourth-quarter profit on Wednesday, helped by sales of flat-panel televisions.
Best Buy shares were up 1.8 percent in electronic composite trading after the results, compared with a 2.9 percent decline for rival Circuit City Stores , which reported a quarterly loss after taking charges tied to store closures.
Read more at Reuters.com Market News
Best Buy shares were up 1.8 percent in electronic composite trading after the results, compared with a 2.9 percent decline for rival Circuit City Stores , which reported a quarterly loss after taking charges tied to store closures.
Read more at Reuters.com Market News
Monsanto profit beats estimates, raises outlook
(Reuters) - Monsanto also said it expects its full-year 2007 earnings per share in the range of $1.60 to $1.65, both on a reported and ongoing basis. Previously, the company's full-year 2007 EPS forecast was at the upper end of the $1.50 to $1.57 range.
The St. Louis-based company's shares rose 1.8 percent to $57 before the bell in response to the news.
Read more at Reuters.com Business News
The St. Louis-based company's shares rose 1.8 percent to $57 before the bell in response to the news.
Read more at Reuters.com Business News
DoubleClick to launch advertising exchange
(Reuters) - Microsoft Corp., Yahoo Inc., Google Inc. and Time Warner Inc.'s AOL unit have been reported to have expressed interest in purchasing DoubleClick, which is majority-owned by San Francisco-based private-equity firm Hellman & Friedman.
Read more at Reuters.com Business News
Read more at Reuters.com Business News
Merged NYSE Euronext shares gain on Paris debut
(Reuters) - Both men will attempt to make it to New York in time for the NYSE closing bell later in the day, Theodore told French television channel LCI previously.
The debut follows a nearly year-long process to merge NYSE group and Euronext -- the operator of the Paris, Amsterdam, Brussels and Lisbon bourses -- to create the world's largest exchange group, with bases in both Europe and the United States.
Read more at Reuters.com Mergers News
The debut follows a nearly year-long process to merge NYSE group and Euronext -- the operator of the Paris, Amsterdam, Brussels and Lisbon bourses -- to create the world's largest exchange group, with bases in both Europe and the United States.
Read more at Reuters.com Mergers News
Blackstone in talks to buy China plastic maker-sources
(Reuters) - Guofeng, established in 1984, has total assets of over 5 billion yuan and more than 5,000 staff. The company plans to grow into biofuel areas including biodiesel, according to its company Web site .
Blackstone became active in China this year after it opened its Hong Kong office in January and hired Antony Leung, who was financial secretary of Hong Kong from 2001 to 2003, as a senior managing director and chairman of Blackstone Greater China.
Read more at Reuters.com Mergers News
Blackstone became active in China this year after it opened its Hong Kong office in January and hired Antony Leung, who was financial secretary of Hong Kong from 2001 to 2003, as a senior managing director and chairman of Blackstone Greater China.
Read more at Reuters.com Mergers News
Kenwood to buy wireless firm, nips at Motorola heels
(Reuters) - TOKYO, April 4 - Japanese electronics maker Kenwood Corp. said on Wednesday it would acquire an unlisted U.S. wireless communications system company, aiming to boost its presence in a market dominated by Motorola Inc. .
The announcement, which came two days after Kenwood said it would miss its earnings forecast for the past business year, sent the company's stock up 4.1 percent to 179 yen as of 0518 GMT. The benchmark Nikkei average was up 1.8 percent.
Read more at Reuters.com Mergers News
The announcement, which came two days after Kenwood said it would miss its earnings forecast for the past business year, sent the company's stock up 4.1 percent to 179 yen as of 0518 GMT. The benchmark Nikkei average was up 1.8 percent.
Read more at Reuters.com Mergers News
UK watchdog to probe Pfizer, Boots medicines deal
(Reuters) - LONDON, April 4 - Britain's consumer affairs watchdog said on Wednesday it would investigate the UK market for distributing medicines after drugs giant Pfizer Inc struck a deal to sell its products through a single wholesaler.
Until recently all medicines were distributed in Britain through competing wholesalers, but Pfizer radically changed that model last month when it began selling prescription drugs solely through UniChem.
Read more at Reuters.com Mergers News
Until recently all medicines were distributed in Britain through competing wholesalers, but Pfizer radically changed that model last month when it began selling prescription drugs solely through UniChem.
Read more at Reuters.com Mergers News
U.S. layoffs fall 42 pct in March vs Feb-survey
(Reuters) - March job cuts were 25 percent lower than in the same month a year ago, when 64,975 job cuts were announced and the lowest level since last July's 37,178, Challenger said.
In the first quarter, job cuts totaled 195,986, down 23 percent from the 255,878 job cuts announced in the first three months of 2006 and 2.5 percent lower than the fourth quarter of last year.
Read more at Reuters.com Economic News
In the first quarter, job cuts totaled 195,986, down 23 percent from the 255,878 job cuts announced in the first three months of 2006 and 2.5 percent lower than the fourth quarter of last year.
Read more at Reuters.com Economic News
Wall St seen opening mixed
(Reuters) - The Institute for Supply Management's nonmanufacturing index, a gauge of the U.S. services sector constituting the bulk of the U.S. economy, is due for release at 10 a.m., along with government data on factory orders in February.
Investors also will scrutinize the ADP national employment figures, due at 8:15 a.m., to see how the labor market is faring, leading up to Friday's release of the government's nonfarm payrolls report for March.
Read more at Reuters.com Business News
Investors also will scrutinize the ADP national employment figures, due at 8:15 a.m., to see how the labor market is faring, leading up to Friday's release of the government's nonfarm payrolls report for March.
Read more at Reuters.com Business News
Lone Star says seeking to sell two S.Korea firms
(Reuters) - The fund had been widely expected by industry and market watchers to sell off its South Korean assets after a legal battle with prosecutors forced it to abort its planned $7.3 billion sale of Korea Exchange Bank last November.
"As the companies have been turned around, it is now time for them to be taken to the next level by a more strategic buyer," John Grayken, Lone Star's chairman, said in a statement.
Read more at Reuters.com Business News
"As the companies have been turned around, it is now time for them to be taken to the next level by a more strategic buyer," John Grayken, Lone Star's chairman, said in a statement.
Read more at Reuters.com Business News
DaimlerChrysler confirms in Chrysler sale talks
(Reuters) - "I can confirm that we are talking with some of the potential partners who have shown a clear interest", Chief Executive Dieter Zetsche said in remarks prepared for delivery to the group's annual meeting.
"But it is also true that we need to keep all options open, and that I cannot disclose any details, because we need to have the maximum scope for maneuver."
Read more at Reuters.com Business News
"But it is also true that we need to keep all options open, and that I cannot disclose any details, because we need to have the maximum scope for maneuver."
Read more at Reuters.com Business News
NBC Universal unveils international TV growth plan
(Reuters) - The move follows a recent pledge from NBC Universal Chief Executive Jeff Zucker to make global expansion a top priority along with new programming and digital initiatives.
"We promised that international growth would be one of our key areas of focus and this first step underlines our determination to grow our business throughout the world," Zucker said in a statement.
Read more at Reuters.com Business News
"We promised that international growth would be one of our key areas of focus and this first step underlines our determination to grow our business throughout the world," Zucker said in a statement.
Read more at Reuters.com Business News
Merged exchange NYSE Euronext starts trading in Paris
(Reuters) - Executives of the new group, present at the old Paris bourse for the start of trading at 0700 GMT, said the world's largest stock exchange operator would continue expanding its presence in Europe and Asia while working on integrating its operations.
"We have a lot of work," Chief Executive John Than told reporters after a giant screen located on the former trading floor of the 19th century Paris bourse showed live the start of trading on the quotation page of the new stock.
Read more at Reuters.com Business News
"We have a lot of work," Chief Executive John Than told reporters after a giant screen located on the former trading floor of the 19th century Paris bourse showed live the start of trading on the quotation page of the new stock.
Read more at Reuters.com Business News
ECB must be ready to act decisively on data: Garganas
(Reuters) - In an interview with Reuters, Garganas declined to say whether this means the ECB needs to raise interest rates a further 50 basis points to 4.25 percent.
But he made clear he was not content with interest rates which are low in real terms when inflation risks are increasing, and that economic data in the coming months would be pivotal in any further ECB rate moves.
Read more at Reuters.com Business News
But he made clear he was not content with interest rates which are low in real terms when inflation risks are increasing, and that economic data in the coming months would be pivotal in any further ECB rate moves.
Read more at Reuters.com Business News
Zambia to double copper output by 2011 - president
(Reuters) - Zambia is set to double its annual copper output to 1 million tonnes by 2011 following the discovery of additional reserves, President Levy Mwanawasa said on Tuesday.
At a groundbreaking ceremony for a nickel mine in Munali Hills, 75 km (45 miles) south of Lusaka, Mwanawasa said the government planned to award new mining licenses to foreign firms to mine and process the newly discovered copper across Zambia.
Read more at Reuters Africa
At a groundbreaking ceremony for a nickel mine in Munali Hills, 75 km (45 miles) south of Lusaka, Mwanawasa said the government planned to award new mining licenses to foreign firms to mine and process the newly discovered copper across Zambia.
Read more at Reuters Africa
European shares edge higher on Wall St gains, M&A
(Reuters) - European shares rose on Wednesday, helped by ongoing merger activity and a rally on Wall Street after U.S. housing data suggested the worst of the U.S. housing downturn may be over.
U.S. stocks rose around 1.0 percent on Tuesday, which set a firm tone for the European markets.
Read more at Reuters Africa
U.S. stocks rose around 1.0 percent on Tuesday, which set a firm tone for the European markets.
Read more at Reuters Africa
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