Lehman preparing bid for Archstone stake: report

2011-12-10T10:30:13Z

CHICAGO (Reuters) - The bankruptcy estate of Lehman Brothers Holdings Inc is preparing to make a $1.33 billion bid for part of apartment owner Archstone that it does not already hold, according to a report in the

AT&T, Deutsche Telekom "battling" for merger: sources

2011-12-01T09:00:08Z

LONDON (Reuters) - AT&T Inc and T-Mobile USA's parent company Deutsche Telekom AG are still battling to save their $39 billion merger and are not in talks about a network-sharing alternative, people familiar wit...

Icahn offers to buy Commercial Metals for $1.73 billion

2011-11-28T08:00:13Z

(Reuters) - Carl Icahn offered to buy Commercial Metals Co in a $1.73 billion deal that would combine the metals recycler with the billionaire investor's PSC Metals Inc.

The offer price of $15 a share from BRUSSELS (Reuters) - Western Digital has secured conditional approval from the European Union's competition regulator to purchase Hitachi...

FCC seeks extended review of AT&T/T-Mobile deal

2011-11-22T14:00:42Z

(Reuters) - Federal Communications Commission Chairman Julius Genachowski will seek an administrative hearing on AT&T Inc's proposed $39 billion deal to acquire Reuters) - U.S. property and casualty insurer Alleghany Corp said it would buy reinsurer Transatlantic Holdings for $3.4 billion in cash and stock, a day after a source told Reuters that Alleghany wa...

Motorola stockholders approve acquisition by Google

2011-11-17T17:30:17Z

(Reuters) - Motorola Mobility Holdings Inc said late on Thursday that its stockholders approved the $12.5 billion deal to be acquired by the search giant Google Inc.

Motorola, which was on...

Western Digital, Hitachi deal to win conditional EU nod: sources

2011-11-16T10:00:14Z

BRUSSELS (Reuters) - Western Digital is set to win EU regulatory approval to acquire Hitachi Ltd's <6501.T> hard disk drive busin...

Rakuten buys e-reader Kobo for $315 million

2011-11-08T15:00:10Z

TORONTO (Reuters) - Canadian-based e-reading service Kobo Inc will be acquired by Japan's Rakuten Inc for $315 million, the companies said in a release on Friday.

Rakuten, an Internet services and e-commerce company, intends...

Olympus says used M&A funds to cover investment losses

2011-11-07T17:00:23Z

TOKYO (Reuters) - Scandal-hit Olympus said on Tuesday it has discovered that funds related to its acquisition of British medical equipment maker Gyrus in 2008 and of three domestic firms were used to cover losses on securities investments dating back to the 1990s.

The acquisitions are at the center of a high-profile governance scandal that followed t...

P&G raises profit outlook on Teva JV, Pringles sale

2011-11-03T09:01:28Z

(Reuters) - Procter & Gamble Co , the world's largest household products maker, raised its full-year profit outlook to include the sale of its Pringles snacks business, a new joint venture with Teva Ph...

Olympus panel aims to hear ex-CEO; need at least month

2011-11-02T00:30:40Z

TOKYO (Reuters) - A panel set up to investigate the Olympus Corp scandal wants to hear from the firm's ousted British chief executive and will need at least a month to report its findings, the group's head said on Wednesday.

Heeding calls for an independent probe, Olym...

World Chefs: For Mina great food is a balancing act

2011-10-11T02:30:24Z

ATLANTIC CITY (Reuters) - With 18 restaurants dotted around the United States and three more due to open soon award-winning chef Michael Mina says preparing memorable meals is all about balance.

T...

SGX, LSE tie-up for joint London Metal Exchange

2011-09-30T03:00:13Z

HONG KONG (Reuters) - The Singapore Exchange Ltd is tying up with London's main bourse to make a joint bid for the London Metal Exchange, a source told Reuters on Friday, as the world's largest metal mark...

SGX, LSE in joint bid for London Metal Exchange: source

2011-09-29T22:00:05Z

HONG KONG (Reuters) - The Singapore Stock Exchange Ltd is tying up with London's main bourse to make a joint bid for the London Metal Exchange, a source told Reuters on Friday, as the world's largest metal market seeks a suitor in a de...

Bain, Carlyle, Pamplona eye TI Automotive: sources

2011-09-29T16:00:06Z

DETROIT (Reuters) - Bain Capital and Carlyle Group are among three private equity firms bidding for auto parts supplier TI Automotive

Lenovo enters $300 million JV with Taiwan's Compal

2011-09-26T17:30:28Z

HONG KONG (Reuters) - Lenovo, the world's No.3 PC brand, has entered into a $300 million joint venture with contract laptop PC maker Compal to manufacture computers.

Lenovo will own 51 percent of the joint venture company with Compal holding the rest, the PC brand said in a filing to the ...

Giant Interactive to invest $50 million in China's Alibaba

2011-09-22T07:30:28Z

(Reuters) - Giant Interactive Group Inc said it will invest $50 million in China's e-commerce company Alibaba Group through an investment in Yunfeng e-Commerce Funds.

Yunfeng e-Commerce Funds was establishe...

Myanmar's forgotten bourse eyes long-awaited expansion

2011-09-21T21:00:07Z

YANGON (Reuters) - In a quiet room in an aging office block of Myanmar's commercial capital Yangon, a worker scribbles on a whiteboard beneath a row of out-of-sync clocks, updating prices in what could be the world's smallest stock market.

Welcome to the Myanmar Securities Exchange, among t...

Goldman, Morgan in talks to buy Indonesian brokerages: sources

2011-09-12T02:00:18Z

JAKARTA (Reuters) - Goldman Sachs and Morgan Stanley are each in talks to buy an Indonesian brokerage firm to expand their reach into the hot capital market of

Hitachi buys U.S. data storage firm BlueArc

2011-09-07T23:00:06Z

TOKYO (Reuters) - Hitachi Ltd <6501.T> said on Thursday it has bought struggling California-based network storage company BlueArc Corp in an ...

AT&T could lower T-Mobile bid price if remedies grow: report

2011-09-06T19:00:08Z

Bangalore (Reuters) - AT&T Inc can lower the price it pays for T-Mobile USA Inc if the remedies requested by regulators become too expensive, a Bloomberg report said, citing three people with direct knowledge of the merger contract.

AT&am...

AT&T could escape fee in T-Mobile deal: source

2011-09-05T02:30:10Z

FRANKFURT (Reuters) - AT&T <T.N> may not have to pay Deutsche Telekom a multi-billion dollar breakup fee, even if its $39 billion acquisition of TORONTO (Reuters) - Chipmaker Microsemi Corp has dared takeover target Zarlink Semiconductor to show it can get a bid higher than the C$550 million ($561 million) it h...

Microsoft to win from Google Motorola buy: Acer

2011-09-02T10:00:12Z

BERLIN (Reuters) - Microsoft will be the winner in Google's acquisition of Motorola Mobility as the d...

IBM to buy Algorithmics for $387 million

2011-09-01T00:30:04Z

(Reuters) - U.S. IT company IBM said it was buying Toronto-based risk analytics firm Algorithmics for $387 million.

IBM said the deal expanded its business analytics capabilities in the financial services industry by helping clients to manage financial risk.

About 90...

IBM buys British security analytics firm i2

2011-08-31T10:30:33Z

(Reuters) - IBM has agreed to buy British security analytics software firm i2 for an undisclosed sum, it said Wednesday, as it continues to devour companies that can help its clients deal with growing mountains of data.

Privately held i2, which says its software helped U.S. forces track down former Iraqi leader Reuters) - The Obama administration on Wednesday filed to block AT&T Inc's $39 billion proposed acquisition of T-Mobile USA from D...

TMX suitor Maple says pushing ahead with bid

2011-08-29T14:00:19Z

TORONTO (Reuters) - Maple Group's plan to acquire TMX Group is on track, despite a retreating share price for the Toronto Stock Exchange opera...

FCC asks AT&T for more info on T-Mobile bid

2011-08-24T20:00:07Z

NEW YORK/BANGALORE (Reuters) - AT&T Inc <T.N> said on Wednesday that the Federal Communications Commission has requested more information about its acquisition of BEIJING (Reuters) - Microsoft Corp has signed a partnership deal with a Chinese firm to develop and market cloud-computing products in China.

No terms of the deal were disclosed.

This is the first time Microsoft has formed a p...

Zimbabwe gives foreign firms 14-day ultimatum

2011-08-19T11:30:15Z

HARARE (Reuters) - Zimbabwe's government has given foreign companies including miners and banks a 14-day ultimatum to submit plans on how they propose to transfer majority stakes to local owners or risk losing permits, state media reported on Friday.

But central bank governor HARARE (Reuters) - Zimbabwe's government has given foreign firms, including mines and banks, a 14-day ultimatum to submit "acceptable" plans on how they propose to transfer majority stakes to local owners or risk losing permits, state media reported on Friday.

The firms include platinum miners Zimplat...

London Olympic Village sold for $903.5 million

2011-08-12T06:30:19Z

LONDON (Reuters) - London's Olympic Village has been sold for $903.5 million to a Delancey and Qatari Diar joint venture, leaving UK taxpayers to pay about $448 million linked to the development of the site.

The deal sees the joint venture acquire homes on the Olympic Village site in Stratford, east London, and its ...

Mitsubishi Heavy no plan on merger talks with Hitachi: report

2011-08-08T01:30:08Z

TOKYO (Reuters) - Mitsubishi Heavy Industries' <7011.T> president said there is no plan to start merger talks with Hitachi <6501.T>, the Mainichi daily reported on Monday.

In an interview with the new...

Buffett unit bids $3.2 billion for Transatlantic

2011-08-07T08:00:08Z

NEW YORK (Reuters) - A unit of Warren Buffett's Berkshire Hathaway Inc jumped into the bidding war over Transatlantic Holdings Inc, offer...

11 state AGs show support for AT&T/T-Mobile merger

2011-07-27T14:30:25Z

WASHINGTON (Reuters) - Arkansas Attorney General Dustin McDaniel said on Wednesday that a bipartisan group of attorneys general wrote to U.S. regulators in support of AT&T Inc's $39 billion bid for T-Mobile USA...

Louisiana regulator votes in favor of AT&T/T-Mobile merger

2011-07-27T13:00:43Z

WASHINGTON (Reuters) - The Louisiana Public Service Commission voted on Wednesday in favor of AT&T Inc's <T.N> $39 billion bid for ...

Senator Franken urges thumbs down to AT&T T-Mobile deal

2011-07-26T16:00:15Z

WASHINGTON (Reuters) - Senator Al Franken called on federal regulators on Tuesday to reject AT&T's proposed buy of rival T-Mobile, saying it would mean pricier wireless and could cost thousands of jobs.

AT&T, the No. 2 ...

Analysis: Solar specialists embrace tieups to resist squeeze out

2011-07-25T00:00:05Z

HONG KONG/TAIPEI (Reuters) - Grappling with sliding prices and margins, solar specialists, or stand-alone makers of wafers and cells, risk being squeezed out of the market by their fully integrated Chinese rivals who are investing billions of dollars in technology.

The new reality is forcing solar specialists, mostly Taiwanese, which have long had ...

Daimler to invest more than $2 billion in Alabama plant

2011-07-21T00:00:11Z

FRANKFURT (Reuters) - Daimler said on Thursday it would invest more than $2 billion in its car plant in Tuscaloosa, Alabama, to build more M-Class SUVs.

The...

HTC down after Apple's new patent lawsuit

2011-07-11T21:00:06Z

TAIPEI (Reuters) - Shares in the world's No.5 handset maker, HTC Corp, tumbled more than 4 percent on Tuesday, after Apple Inc sued the company in a fresh complaint with a U.S. trade panel.

Fund ma...

Tokyo Stock Exchange proposing tender offer for OSE: report

2011-07-04T17:00:47Z

TOKYO (Reuters) - Tokyo Stock Exchange has proposed a tender offer for Osaka Securities Exchange Co <8697.OS> as the two bourses proceed in merger talks, TORONTO (Reuters) - The London and Toronto stock exchanges abandoned plans for a C$3.6 billion merger on Wednesday, as it became clear they would not win enough shareholder support for their transatlantic alliance.

"It is clear that the two-thirds threshold required to approve the merger would not have been achieved," TORONTO (Reuters) - Proxy advisory firm ISS said on Thursday it recommends that TMX Group shareholders vote in favor of a proposed combination with the Lond...

Exclusive: TMX shareholders warm up to Maple bid

2011-06-15T12:00:15Z

TORONTO (Reuters) - With just two weeks to go before a referendum on the future of Canada's TMX Group , operator of the BERLIN (Reuters) - Garmin agreed to buy Germany-based navigation firm Navigon earlier this week mostly to expand its business with carmakers in

Garmin buys navigation co for Europe boost

2011-06-14T10:00:18Z

(Reuters) - Garmin Ltd said it signed a deal to buy Germany-based navigation provider Navigon AG for an undisclosed sum as it looks to expand in Europe.

Navigon will operat...

More firms close to joining Maple's TMX bid: source

2011-06-07T10:30:21Z

TORONTO (Reuters) - At least three Canadian financial services companies plan to join the Maple Group's $3.7 billion hostile bid for TMX Group , adding momentum to the made-in-Canada alternative to the SAN FRANCISCO (Reuters) - Twitter has acquired the team behind a small Internet company whose tools helped manage advertising campaigns on Google Inc, stepping up the microblogging site's effort to generate revenue.

...

EADS CEO "seeks veto right" against hostile takeovers

2011-05-29T03:00:06Z

FRANKFURT (Reuters) - The head of Airbus parent EADS is pushing for a veto right to be introduced in the defense industry to prevent hostile takeovers, a German magazine reported on Sunday.

"Its not about handbags or luxury goods, its about an industry with national interest," <...

No deal in BP-Rosneft-AAR talks: source

2011-05-17T00:00:11Z

MOSCOW (Reuters) - Talks between BP <BP.L>, Rosneft and the Russian shareholders in BP's Russian venture TNK-BP have failed to reach agreement, a source close to the matter said on Tuesday.

BP and Rosneft made a cash...

Exelon to buy Constellation Energy for $7.9 billion

2011-04-28T05:30:10Z

BANGALORE (Reuters) - Power company Exelon Corp is to buy rival Constellation Energy Group for $7.9 billion, the latest in a series of deals in a fragmented

Ericsson set to gain from tech gear rebound

2011-04-26T16:30:07Z

STOCKHOLM (Reuters) - First quarter results from Ericsson look set to benefit from a recovery in the global network gear market that could help soften any impact on its supply chain from the earthquake in Japan

NYSE board rejects sweetened bid from Nasdaq, ICE

2011-04-21T08:00:18Z

NEW YORK (Reuters) - NYSE Euronext directors on Thursday rejected a sweetened takeover offer from Nasdaq OMX Group and Inte...

Philips CEO turns off TV in search of profit

2011-04-18T12:31:33Z

AMSTERDAM (Reuters) - Philips is hiving off its once leading television business, the first step by new chief executive Frans van Houten to boost flagging profit at Europe's bigges...

Sprint CEO blasts AT&T/T-Mobile mega-deal

2011-04-18T11:31:11Z

SAN FRANCISCO (Reuters) - Sprint Nextel Corp CEO Dan Hesse attacked rival AT&T Inc's planned acquisition of Reuters) - Johnson & Johnson is in preliminary talks to acquire Swiss medical device maker Synthes for a price which could be about $20 billion, a source familiar with the situation said on Saturday.

A deal at that price would mark an 11 percent premium over Synthes' current market capitalization of about $18 billion. It wou...

Insider conspirator friend of defendants: sources

2011-04-09T10:00:12Z

CHICAGO (Reuters) - The unidentified co-conspirator who funneled tips and cash between a lawyer and trader accused of running a 17-year scheme to trade on corporate merger secrets was a former colleague of both defendants, the New York Times reported.

Ergen-led Dish wins Blockbuster auction for $320 million

2011-04-06T05:00:13Z

BANGALORE (Reuters) - Dish Network Corp won Blockbuster Inc in a bankruptcy auction for about $320 million, a move that could see the second-largest U.S...

Ex-Berkshire exec Sokol: I did nothing wrong

2011-03-31T05:30:10Z

NEW YORK (Reuters) - Former Berkshire Hathaway executive David Sokol on Thursday said he did nothing wrong in buying stock in a company that he then suggested Berkshire acquire.

Sokol, who was seen as the most likely successor to Berk...

AT&T mega-merger tied to spectrum drought: Cicconi

2011-03-30T16:30:31Z

WASHINGTON (Reuters) - U.S. government remedies to free up more U.S. airwaves for wireless services are not coming fast enough and were an important driver behind AT&T Inc's <T.N> $39 billion bid to buy

AT&T Chief disputes higher prices after T-Mobile deal

2011-03-30T12:30:13Z

NEW YORK (Reuters) - AT&T Inc <T.N> Chief Executive Randall Stephenson disputed the commonly held belief that consumer bills would rise if there were fewer competitors in the U.S. wireless market.

AT&T's defense comes as it girds for a toug...

U.S. seeks Arab partnership on Libya: William Burns

2011-03-17T08:30:15Z

WASHINGTON (Reuters) - The United States is seeking an active partnership with Arab countries that would include financial help for any next steps on Libya by the United Nations, Reuters) - British mobile operator Vodafone and its U.S. partner Verizon plan to combine parts of their businesses and share some equipment costs, according to a report in Reuters) - Lawson Software said late on Friday it had received an unsolicited bid from privately held software company Infor and Golden Gate Capital to acquire all its outstanding common stock at $11.25 per share in ...

London Stock Exchange mulls Nasdaq takeover: report

2011-03-06T16:30:53Z

LONDON (Reuters) - The London Stock Exchange is eyeing a takeover of its rival Nasdaq Composite Index just weeks after announcing a merger with the

Exclusive: Twitter co-founder says not in stake sale talks

2011-03-03T00:30:13Z

SEOUL (Reuters) - Biz Stone, the co-founder of popular microblogging site Twitter, denied a report that the firm was in talks to sell a $450 million stake of the company to a Reuters) - Bank of America's global head of mergers and acquisitions Jeffrey Kaplan is leaving the bank to join hedge fund Appaloosa Management and will be replaced by Steven Baronoff

Samsung to set up biopharmaceutical joint venture

2011-02-24T17:30:16Z

SEOUL (Reuters) - Samsung Group, South Korea's largest conglomerate, said on Friday it planned to set up a biopharmaceutical joint venture with initial capital of 300 billion won ($264.4 million).

The g...

McDonald's selling stake in Indian JV: report

2011-02-20T20:00:04Z

MUMBAI (Reuters) - McDonald's Corp is selling its 50 percent stake in one of its Indian joint ventures to the local partner for an undisclosed amount and converting it into a franchisee operation, the Economic Times reported on Monday.

The world's biggest restaurant...

BM&FBovespa says not in merger talks with CME

2011-02-18T06:00:22Z

SAO PAULO (Reuters) - Brazilian exchange operator BM&FBovespa is not in merger talks with CME Group but expects its partnership with the Chicago-based exchange operator to expand in the near future, BM&FBovespa Chief Executive Edemir Pinto said on Friday.

<...

Twitter dismisses reports of Google interest

2011-02-14T09:30:22Z

BARCELONA, Spain (Reuters) - Reports that Google has held takeover talks with Twitter that value the microblogging site at as much as $10 billion are "just a rumor," Reuters) - Groupon said on Thursday Starbucks Corp Chief Executive Howard Schultz has joined its board of directors and that his venture capital firm has taken a stake in the...

TSE CEO: no plans for merger with other exchanges

2011-02-10T01:00:06Z

TOKYO (Reuters) - The Tokyo Stock Exchange is not discussing a merger with any other exchanges, the bourse's CEO said on Thursday, quashing any speculation the TSE will participate in the latest spate of global alliances among stock...

ProLogis confirms merger talks with AMB Property

2011-01-26T20:30:42Z

BANGALORE (Reuters) - U.S. owner of warehouses and distribution centers ProLogis said late on Wednesday it is in merger talks with rival AMB Property Corp .

ProLogis a...

Key Obama aide on Iran sanctions steps down

2011-01-24T11:30:34Z

WASHINGTON (Reuters) - President Barack Obama's point person on cracking down on financial flows to Iran resigned on Monday, marking the loss of a key player in the U.S. effort to pressure Tehran over its nuclear program.

The de...

NEC in talks with Lenovo about PC venture: sources

2011-01-20T18:30:09Z

TOKYO (Reuters) - Japan's NEC is in talks with China's Lenovo about a joint venture in personal computers, two industry sources told Reuters on Friday.

The CHICAGO (Reuters) - Campbell Soup Co said it would form a joint venture with Swire Pacific Ltd <0019.HK> to expand the reach of its business in China....

Groupon eyes IPO by end of 2011: report

2010-12-30T12:30:29Z

BANGALORE (Reuters) - Online discount coupon provider Groupon Inc is working toward a potential public offering of its common shares by the end of 2011, the New York Times said, citing people brief...

Wikileaks Berkeley

2010-12-14T22:31:11Z

Beverly Dove holds a sign as she speaks during a city council meeting in Berkeley, Calif., Tuesday, Dec. 14, 2010. The council in this famously liberal city is considering a resolution Tuesday night bestowing hero status on Pfc. Bradley Manning, the soldier at the center of the

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