(Bloomberg) -- The following stocks may rise or fall on the Paris stock exchange. Symbols are in parentheses after company names. Prices are from yesterday's close.
The benchmark CAC 40 Index declined 14.35, or 0.3 percent, to 5751.92, after climbing as much as 0.6 percent earlier in the session. The broader SBF 120 Index also lost 0.3 percent.
Read more at Bloomberg
Wednesday, April 11, 2007
PRESS DIGEST - New York Times business news - April 12
(Reuters) - * U.S. regulators are investigating whether melamine, the chemical linked to recent pet deaths, was mixed into wheat gluten in China.
* As the markets rise and fall, the owner of United Capital Markets has been able to profit handsomely by taking advantage of the wide swings.
Read more at Reuters.com Bonds News
* As the markets rise and fall, the owner of United Capital Markets has been able to profit handsomely by taking advantage of the wide swings.
Read more at Reuters.com Bonds News
UPDATE 1-Nestle confirms $5.5 bln Gerber buy from Novartis
(Reuters) - Nestle said on Thursday the deal would give its growing nutrition division -- which includes infant formula, baby food, medical nutrition, weight management and performance nutrition -- annual sales of around 10 billion Swiss francs .
Gerber, a household name in the United States, will generate an estimated $1.95 billion in net proceeds from sales in 2007, Nestle said.
Read more at Reuters.com Mergers News
Gerber, a household name in the United States, will generate an estimated $1.95 billion in net proceeds from sales in 2007, Nestle said.
Read more at Reuters.com Mergers News
Oil below $62, shrugs off U.S. gasoline stock drop
(Reuters) - 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.
The latest snapshot of U.S. inventory levels showed that gasoline stocks slid 5.5 million barrels last week, far more than a 1.4 million-barrel drop analysts had forecast and taking stocks nearly 5 percent below the same time last year .
Read more at Reuters.com Hot Stocks News
The latest snapshot of U.S. inventory levels showed that gasoline stocks slid 5.5 million barrels last week, far more than a 1.4 million-barrel drop analysts had forecast and taking stocks nearly 5 percent below the same time last year .
Read more at Reuters.com Hot Stocks News
American Eagle March same-store sales up 20 pct
(Reuters) - The company said it now expects earnings of 35 cents from 34 cents in its first quarter.
Total sales at the preppy retailer rose 35 percent to $271.4 million for the five weeks ended April 7, the company said.
Read more at Reuters.com Market News
Total sales at the preppy retailer rose 35 percent to $271.4 million for the five weeks ended April 7, the company said.
Read more at Reuters.com Market News
Emerging debt-Market rock solid despite Fed minutes
(Reuters) - Brazil's global bond due 2040 , considered the emerging market benchmark paper due to its high liquidity, eased 0.187 to bid 134.688 and to yield 5.710 percent.
"The minutes at the margin are negative. But the minutes don't signal the end of the world, and until they do, investors are not going to rush to sell this market," said Christian Stracke, lead emerging markets analyst at CreditSights.
Read more at Reuters.com Bonds News
"The minutes at the margin are negative. But the minutes don't signal the end of the world, and until they do, investors are not going to rush to sell this market," said Christian Stracke, lead emerging markets analyst at CreditSights.
Read more at Reuters.com Bonds News
Kennedy seeks US SEC probe of student loan deals
(Reuters) - Kennedy, a Massachusetts Democrat, said an inquiry by his staff into connections between lending firms and university financial aid officers has revealed a "pattern of back-room dealing that has no place in financing higher education."
Expanding on questions already being asking by others about ties between lenders and financial aid officers, Kennedy is asking for a Securities and Exchange Commission investigation.
Read more at Reuters.com Government Filings News
Expanding on questions already being asking by others about ties between lenders and financial aid officers, Kennedy is asking for a Securities and Exchange Commission investigation.
Read more at Reuters.com Government Filings News
US STOCKS-Nasdaq falls 1 pct, Dow down more than 100 pts
(Reuters) - Minutes from the Fed's last meeting hinted at the need for more interest-rate hikes. Citigroup Inc. helped pull down the Dow after the big U.S. banking company said it will eliminate 17,000 jobs, or 5 percent of its work force.
The Dow Jones industrial average was down 116.45 points, or 0.93 percent, at 12,457.40. The Standard & Poor's 500 Index was down 12.24 points, or 0.85 percent, at 1,436.15. The Nasdaq Composite Index was down 25.31 points, or 1.02 percent, at 2,452.30.
Read more at Reuters.com Bonds News
The Dow Jones industrial average was down 116.45 points, or 0.93 percent, at 12,457.40. The Standard & Poor's 500 Index was down 12.24 points, or 0.85 percent, at 1,436.15. The Nasdaq Composite Index was down 25.31 points, or 1.02 percent, at 2,452.30.
Read more at Reuters.com Bonds News
US STOCKS-Wall Street falls after Fed minutes
(Reuters) - NEW YORK, April 11 - U.S. stocks dropped on Wednesday as minutes from last month's Federal Reserve meeting hinted at the need for more rate hikes, while surging gasoline futures contract prices and signs of housing market troubles darkened the outlook for consumer spending.
Citigroup Inc. helped pull down the Dow after the bank said it will eliminate 17,000 jobs, or 5 percent of its work force. The restructuring news had been expected for several weeks and helped push Citigroup's shares up 7.5 percent since mid-March. For details, see [ID:nN11415488]
Read more at Reuters.com Bonds News
Citigroup Inc. helped pull down the Dow after the bank said it will eliminate 17,000 jobs, or 5 percent of its work force. The restructuring news had been expected for several weeks and helped push Citigroup's shares up 7.5 percent since mid-March. For details, see [ID:nN11415488]
Read more at Reuters.com Bonds News
Bernanke: Light regulation of hedge funds works well
(Reuters) - Speaking at New York University Law School, Bernanke said it might be possible to apply more sophisticated risk-management techniques but stressed that the purpose of the big funds is to take risks.
"Thus far, the market-based approach to the regulation of hedge funds seems to have worked well," he said.
Read more at Reuters.com Business News
"Thus far, the market-based approach to the regulation of hedge funds seems to have worked well," he said.
Read more at Reuters.com Business News
UPDATE 1-Fed changed wording as growth, inflation uncertain
(Reuters) - "The Committee agreed that further policy firming might prove necessary to foster lower inflation," minutes of the policy-setting Federal Open Market Committee's March 20-21 meeting said.
"But in the light of increased uncertainty about the outlook for both growth and inflation, the Committee also agreed that the statement should no longer cite only the possibility of further firming," the Fed said.
Read more at Reuters.com Bonds News
"But in the light of increased uncertainty about the outlook for both growth and inflation, the Committee also agreed that the statement should no longer cite only the possibility of further firming," the Fed said.
Read more at Reuters.com Bonds News
UPDATE 2-U.S. lawmakers propose aid for subprime borrowers
(Reuters) - "The federal government can send in an infusion of to prevent foreclosure," said Charles Schumer, a New York Democrat.
The cash infusion is needed right away and should go to both help fund community groups aiding troubled borrowers and to directly fund bailouts, Schumer said.
Read more at Reuters.com Government Filings News
The cash infusion is needed right away and should go to both help fund community groups aiding troubled borrowers and to directly fund bailouts, Schumer said.
Read more at Reuters.com Government Filings News
Comcast to buy Fandango movie tickets site
(Reuters) - The new online entertainment site, called Fancast.com, will let consumers search and watch online entertainment.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
ISE seen as next possible options exchange target
(Reuters) - Nasdaq Stock Market , the top U.S. electronic stock exchange, is in talks to buy the regional Philadelphia exchange, the Wall Street Journal reported on its Web site on Tuesday, citing unidentified sources. Both Nasdaq and the Philadelphia exchange declined to comment.
"The talk we are hearing this morning is that following the news about the Philadelphia Stock Exchange, other options exchanges may be targets as well," said Pete Najarian, co-founder of Web information site optionmonster.com.
Read more at Reuters.com Mergers News
"The talk we are hearing this morning is that following the news about the Philadelphia Stock Exchange, other options exchanges may be targets as well," said Pete Najarian, co-founder of Web information site optionmonster.com.
Read more at Reuters.com Mergers News
U.S. lawmakers propose aid for subprime borrowers
(Reuters) - The cash infusion is needed right away and should go to both help fund community groups aiding troubled borrowers and to directly fund bailouts, Schumer said.
Schumer spoke as chairman of the Joint Economic Committee, a joint committee of Congress, and appeared with Democratic senators Robert Menendez of New Jersey and Sherrod Brown of Ohio.
Read more at Reuters.com Government Filings News
Schumer spoke as chairman of the Joint Economic Committee, a joint committee of Congress, and appeared with Democratic senators Robert Menendez of New Jersey and Sherrod Brown of Ohio.
Read more at Reuters.com Government Filings News
US STOCKS-Indexes fall on gasoline prices, housing woes
(Reuters) - NEW YORK, April 11 - U.S. stocks fell on Wednesday after a sharp rise in gasoline prices and more signs of trouble in the housing market dimmed the outlook for consumer spending and corporate profits.
The market's drop threatened to snap an eight-day streak of gains for the Dow industrials. The second biggest drag on the blue-chip average was Citigroup Inc. The bank said it will eliminate 17,000 jobs, or 5 percent of its work force. The stock fell 1.7 percent to $51.50. For details, see [ID:nN11415488].
Read more at Reuters.com Bonds News
The market's drop threatened to snap an eight-day streak of gains for the Dow industrials. The second biggest drag on the blue-chip average was Citigroup Inc. The bank said it will eliminate 17,000 jobs, or 5 percent of its work force. The stock fell 1.7 percent to $51.50. For details, see [ID:nN11415488].
Read more at Reuters.com Bonds News
NEXT UP-Inflation-wary investors may boost U.S. TIPS demand
(Reuters) - Sturdy wage gains, and elevated oil and food prices have left little room for the Fed to consider paring interest rates soon, even though a weak housing market, exacerbated by subprime mortgage problems, has raised uncertainties about the economy, analysts said.
But even as the Federal Reserve policy-makers have shifted to a more neutral stance they have not seen inflation ease into their comfort range of 1.0 percent to 2.0 percent.
Read more at Reuters.com Bonds News
But even as the Federal Reserve policy-makers have shifted to a more neutral stance they have not seen inflation ease into their comfort range of 1.0 percent to 2.0 percent.
Read more at Reuters.com Bonds News
TREASURIES-Bonds edge up before Bernanke, Fed minutes
(Reuters) - NEW YORK, April 11 - U.S. government bond prices edged up tentatively on Wednesday as investors waited 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 some 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 some 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
S.African bank stocks slip, G.Fields jumps on rumour
(Reuters) - South African shares fell on Wednesday from the previous days highs as investors dumped bank stocks ahead of Thursday's interest rate decision, but shares in Gold Fields leapt on a take over rumour.
The Johannesburg Top-40 index of blue-chip stocks slipped 0.99 percent to 24,884.93 points, while the All-share index dropped 0.85 percent to 27,683.64 points.
Read more at Reuters Africa
The Johannesburg Top-40 index of blue-chip stocks slipped 0.99 percent to 24,884.93 points, while the All-share index dropped 0.85 percent to 27,683.64 points.
Read more at Reuters Africa
Stolt-Nielsen says faces EU antitrust measures
(Reuters) - Stolt-Nielsen S.A. said the Commission's statement concerned "alleged infringements of the EU and EEA competition rules regarding the maritime transport of bulk liquids on deep sea routes in the period August 24, 1998 to April 8, 2002."
It said it would cooperate with the Commission and believed its status as an applicant for leniency remained unchanged after being granted provisional immunity in February 2003.
Read more at Reuters.com Government Filings News
It said it would cooperate with the Commission and believed its status as an applicant for leniency remained unchanged after being granted provisional immunity in February 2003.
Read more at Reuters.com Government Filings News
Fannie Mae launches $3 bln 10-year notes
(Reuters) - Settlement for both issues will be April 16.
The joint lead managers on the 10-year note sale are Citigroup Global Markets. Deutsche Bank Securities and HSBC Securities Inc.
Read more at Reuters.com New Issues News
The joint lead managers on the 10-year note sale are Citigroup Global Markets. Deutsche Bank Securities and HSBC Securities Inc.
Read more at Reuters.com New Issues News
UPDATE 1-Comverse Technology names Andre Dahan CEO
(Reuters) - Comverse's former CEO, Jacob "Kobi" Alexander, who has been charged in the United States with manipulating stock options, fled to Namibia last year.
He has surrendered his passport and remains in that country, where he is awaiting a hearing on an extradition request by U.S. authorities.
Read more at Reuters.com Government Filings News
He has surrendered his passport and remains in that country, where he is awaiting a hearing on an extradition request by U.S. authorities.
Read more at Reuters.com Government Filings News
UPDATE 1-Tight lending to slow US housing recovery-Realtors
(Reuters) - The national median existing-home price is expected to slip 0.7 percent to $220,300 this year, the National Association of Realtors said.
The median new-home price should increase 0.4 percent to $246,200 this year after gaining 1.8 percent in 2006.
Read more at Reuters.com Bonds News
The median new-home price should increase 0.4 percent to $246,200 this year after gaining 1.8 percent in 2006.
Read more at Reuters.com Bonds News
Apollo to buy Xstrata aluminum unit
(Reuters) - Xstrata acquired the aluminum business through its purchase of Canadian miner Falconbridge last year and had been conducting a review to decide whether to use it as a platform to build a bigger aluminum operation or sell it.
"Our review concluded that these assets do not provide Xstrata with the necessary scale or upstream exposure to represent a suitable entry point from which to build a world-class aluminum business," Chief Executive Mick Davis said in a statement.
Read more at Reuters.com Business News
"Our review concluded that these assets do not provide Xstrata with the necessary scale or upstream exposure to represent a suitable entry point from which to build a world-class aluminum business," Chief Executive Mick Davis said in a statement.
Read more at Reuters.com Business News
IMF says euro zone growth picking up
(Reuters) - "The latest growth numbers are very good, extremely encouraging, and we think the stance of monetary policy and broadly speaking, fiscal policy ... is consistent with sustaining this growth," he added.
In response to questions, Johnson said the euro's value seemed to be at a reasonable level and said that inflation in the region was controlled but still needed to be monitored as growth picks up.
Read more at Reuters.com Bonds News
In response to questions, Johnson said the euro's value seemed to be at a reasonable level and said that inflation in the region was controlled but still needed to be monitored as growth picks up.
Read more at Reuters.com Bonds News
UPDATE 1-United Airlines to add $10 surcharge on LA flights
(Reuters) - In December, Los Angeles World Airports raised the rent for all LAX airlines to finance airport upgrades. United, the largest airline at LAX, said it would pay an additional $10 million annually and that it believed the increase was in clear violation of its long-term lease agreement with LAWA.
United, a unit of UAL Corp. , said it had joined several other airlines in a lawsuit against LAWA. A spokesman for LAWA was not immediately available for comment.
Read more at Reuters.com Bonds News
United, a unit of UAL Corp. , said it had joined several other airlines in a lawsuit against LAWA. A spokesman for LAWA was not immediately available for comment.
Read more at Reuters.com Bonds News
Amgen to delay profit report to include trial data
(Reuters) - The world's largest biotechnology company said it intends to include "top-line results," meaning important but limited data, from its so-called 145 study, which involved patients with the less common form of lung cancer who were receiving chemotherapy.
Amgen, which said on Tuesday it had replaced its chief financial officer, has seen its share price fall sharply in recent months after a number of setbacks -- including data from another clinical trial in which cancer patients taking Aranesp but not receiving chemotherapy had a worrisome death rate.
Read more at Reuters.com Market News
Amgen, which said on Tuesday it had replaced its chief financial officer, has seen its share price fall sharply in recent months after a number of setbacks -- including data from another clinical trial in which cancer patients taking Aranesp but not receiving chemotherapy had a worrisome death rate.
Read more at Reuters.com Market News
IMF: Risks to global growth smaller but remain
(Reuters) - In its semiannual checkup of the world economy, the IMF played down threats from a housing-induced U.S. slowdown, concerns over increased volatility in the financial markets, and the possibility that inflation pressures could resurface if oil prices spike again.
"The world economy still looks well set for continued robust growth in 2007 and 2008," the IMF said in its World Economic Outlook.
Read more at Reuters.com Business News
"The world economy still looks well set for continued robust growth in 2007 and 2008," the IMF said in its World Economic Outlook.
Read more at Reuters.com Business News
Manor Care retains JP Morgan for strategic advice
(Reuters) - Manor Care runs about 500 skilled nursing centers and other facilities for the elderly and disabled in the United States.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
US STOCKS-Wall St indexes flat, Fed minutes awaited
(Reuters) - The Dow Jones industrial average was down 3.66 points, or 0.03 percent, at 12,570.19. The Standard & Poor's 500 Index was down 1.31 points, or 0.09 percent, at 1,447.08. The Nasdaq Composite Index was down 3.55 points, or 0.14 percent, at 2,474.06.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
Stockholm exchange fines JPMorgan, Timber Hill
(Reuters) - Meanwhile a JPMorgan broker, on several occasions, placed buy and sell orders on the company's own account in a manner that resulted in several automatically matched transactions, which means the bank was conducting trades with itself.
Read more at Reuters.com Government Filings News
Read more at Reuters.com Government Filings News
UPDATE 1-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 Mergers News
This year, analysts expect Ping An's non-insurance business
Read more at Reuters.com Mergers News
UPDATE 1-Ventas sweetens offer for Sunrise REIT
(Reuters) - The total value of the transaction, including debt, is C$2.28 billion , the companies said.
Sunrise will hold a special meeting for unitholders to consider the amended purchase agreement April 19.
Read more at Reuters.com Bonds News
Sunrise will hold a special meeting for unitholders to consider the amended purchase agreement April 19.
Read more at Reuters.com Bonds News
IMF cuts Canada 2007 growth forecast to 2.4 pct
(Reuters) - Conditions should improve during the course of the year as the U.S. economy rebounds and the effect of past currency appreciation dissipates, the IMF added.
"Risks to the outlook stem largely from the external sector, most notably a weaker-than-expected U.S. economy, a sharp decline in commodity prices, or a renewed appreciation of the Canadian dollar," the IMF wrote.
Read more at Reuters.com Bonds News
"Risks to the outlook stem largely from the external sector, most notably a weaker-than-expected U.S. economy, a sharp decline in commodity prices, or a renewed appreciation of the Canadian dollar," the IMF wrote.
Read more at Reuters.com Bonds News
Futures edge up on Alcoa earnings
(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 Hot Stocks 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 Hot Stocks News
UPDATE 2-Gold Fields CEO says "not approached" about bid
(Reuters) - JOHANNESBURG, April 11 - The chief executive of South Africa's Gold Fields Ltd said on Wednesday he was aware of a bid rumour that sent its shares surging, 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.com Mergers News
"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.com Mergers News
UPDATE 1-Lundin mining offers to buy Tenke
(Reuters) - The all-stock offer, announced on Wednesday, would see Lundin exchange 1.73 of its own shares for each Tenke share, the company's said.
Given Lundin's closing price of C$14.88 on the Toronto Stock Exchange on Tuesday, that values Tenke at C$25.74 a share, a 32 percent premium over its last price.
Read more at Reuters.com Mergers News
Given Lundin's closing price of C$14.88 on the Toronto Stock Exchange on Tuesday, that values Tenke at C$25.74 a share, a 32 percent premium over its last price.
Read more at Reuters.com Mergers News
Target March same-store sales up, April to slip
(Reuters) - CHICAGO, April 11 - Discount retailer Target Corp. said on Wednesday that sales at its stores open at least a year rose 12 percent in March, in line with its expectations, and that April same-store sales should fall 2 percent to 4 percent, due to the earlier timing of Easter.
Easter fell on April 8 this year compared with April 16 last year, so sales of Easter-related items came largely during the company's March sales period, which ended on April 7.
Read more at Reuters.com Market News
Easter fell on April 8 this year compared with April 16 last year, so sales of Easter-related items came largely during the company's March sales period, which ended on April 7.
Read more at Reuters.com Market News
United Airlines to add $10 surcharge on LA flights
(Reuters) - United said it, along with several other airlines, had filed a lawsuit against LAWA.
Read more at Reuters.com Business News
Read more at Reuters.com Business News
Citigroup to slash 17,000 jobs
(Reuters) - Citigroup said its 327,000-person workforce will actually grow this year because of acquisitions, branch openings and targeted investments.
Consumer banking, Citigroup's largest business, will be hardest hit in the restructuring, followed by corporate and investment banking. The changes mark the first companywide restructuring since Citicorp and Travelers Group merged in 1998 to form Citigroup.
Read more at Reuters.com Business News
Consumer banking, Citigroup's largest business, will be hardest hit in the restructuring, followed by corporate and investment banking. The changes mark the first companywide restructuring since Citicorp and Travelers Group merged in 1998 to form Citigroup.
Read more at Reuters.com Business News
TREASURIES-Edge up in Asia before Fed meeting minutes
(Reuters) - June 10-year futures rose 2.5/32 to 107-21/32, up from a six-week low of 107-11/32 struck after the upbeat jobs data last Friday. Volume was relatively light at about 18,000 contracts.
Ten-year notes climbed 2/32 in price to yield 4.714 percent, down a basis point from late New York trade and off Friday's peak of 4.757 percent.
Read more at Reuters.com Bonds News
Ten-year notes climbed 2/32 in price to yield 4.714 percent, down a basis point from late New York trade and off Friday's peak of 4.757 percent.
Read more at Reuters.com Bonds News
UPDATE 1-Moody's cuts 44 banks after methodology reversal
(Reuters) - LONDON, April 11 - Moody's Investors Service cut its ratings late on Tuesday on 44, mainly European banks after it revised its joint default analysis methodology, which had come under intense criticism in its original form. As expected, Icelandic banks Glitnir , Kaupthing and Landsbanki received three-notch cuts to Aa3 from Aaa. Twelve banks were downgraded by two notches and the remainder by just one notch.
Moody's decision to upgrade the three Icelandic banks to triple-A late in February -- upgrades of four or five notches -- based on the potential for government support under the new methodology had sparked derision by analysts and concern among investors.
Read more at Reuters.com Bonds News
Moody's decision to upgrade the three Icelandic banks to triple-A late in February -- upgrades of four or five notches -- based on the potential for government support under the new methodology had sparked derision by analysts and concern among investors.
Read more at Reuters.com Bonds News
German Merck shares down on Erbitux news
(Reuters) - The fall came despite positive comments from LG.Philips LCD , the world's No. 2 maker of large-sized liquid crystal displays, about a tightening market in the second half that could lead to a much awaited recovery in prices.
Read more at Reuters.com Hot Stocks News
Read more at Reuters.com Hot Stocks News
TPG fund makes first China investment: Yunnan Wine
(Reuters) - The fund, an arm of Texas Pacific -- which boasts some $38 billion managed via offices from Shanghai to San Francisco -- will help Yunnan Winery build a nationwide sales network, TPG said in a statement.
It will also help introduce French and other foreign brands or wineries to the 10-year-old firm, according to the statement.
Read more at Reuters.com Mergers News
It will also help introduce French and other foreign brands or wineries to the 10-year-old firm, according to the statement.
Read more at Reuters.com Mergers News
T.Italia's list of contenders narrows, shrs fall
(Reuters) - MILAN, April 11 - The number of potential bidders for Telecom Italia narrowed after no new major shareholders emerged late on Tuesday, sending shares of Europe's No. 5 telecoms group lower in Milan on Wednesday. Shares of Telecom Italia fell 1.4 percent to 2.35 euros at 0739 GMT in Milan, underperforming the S&P/MIB index , down 0.1 percent.
Following a request by Italy's bourse regulator Consob, most of Telecom Italia's top shareholders said their stakes were unchanged despite intense trading in the stock last week when 20 percent of the capital exchanged hands.
Read more at Reuters.com Mergers News
Following a request by Italy's bourse regulator Consob, most of Telecom Italia's top shareholders said their stakes were unchanged despite intense trading in the stock last week when 20 percent of the capital exchanged hands.
Read more at Reuters.com Mergers News
ABN makes bonus promise to retain staff - sources
(Reuters) - The sources gave no indication of the size of the pool.
"It is about making sure that corporate and investment bank staff are focused on business as usual," one source familiar with the matter said.
Read more at Reuters.com Mergers News
"It is about making sure that corporate and investment bank staff are focused on business as usual," one source familiar with the matter said.
Read more at Reuters.com Mergers News
New Century seeks faster sale of loan business
(Reuters) - New Century wants to sell its loan origination business by early May and sees an "exigent and immediate need" to set up bidding procedures, according to a late Monday filing with the U.S. bankruptcy court in Wilmington, Delaware.
The Irvine, California-based company previously said it planned to sell major assets within 45 days of its April 2 bankruptcy filing, or around May 17.
Read more at Reuters.com Business News
The Irvine, California-based company previously said it planned to sell major assets within 45 days of its April 2 bankruptcy filing, or around May 17.
Read more at Reuters.com Business News
IMF warns: Financial market risks have increased
(Reuters) - The stability of the global financial system is being bolstered by favorable economic conditions, but some financial market risks have crept up in recent months, the International Monetary Fund said on Tuesday.
"Global economic conditions have been supportive of a benign financial environment, but underlying risks and conditions have shifted somewhat since ... September 2006, and have the potential to weaken financial stability," the IMF said in its semi-annual Global Financial Stability Report.
Read more at Reuters Africa
"Global economic conditions have been supportive of a benign financial environment, but underlying risks and conditions have shifted somewhat since ... September 2006, and have the potential to weaken financial stability," the IMF said in its semi-annual Global Financial Stability Report.
Read more at Reuters Africa
FTSE dips as miners mixed; oils support
(Reuters) - The FTSE 100 of Britain's leading shares edged down 0.1 percent on Wednesday as mixed news for mining stocks saw the sector feature heavily, while oils also supported.
Anglo-Swiss miner Xstrata tacked on 0.7 percent after it said it was selling its aluminium business to private equity firm Apollo Management for $1.15 billion cash.
Read more at Reuters Africa
Anglo-Swiss miner Xstrata tacked on 0.7 percent after it said it was selling its aluminium business to private equity firm Apollo Management for $1.15 billion cash.
Read more at Reuters Africa
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