International Business News - DB http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of Office Depot Inc. tumbled to an eight-year low at market open Tuesday after the office supplies retailer forecast a 10 percent drop in quarterly same-store sales. http://www.ibtimes.com/articles/20080708/out-of-the-gate-office-depot-shares-plunge.htm Tue, 08 Jul 2008 09:59:13 EDT Shares of Teva Pharmaceutical Industries Ltd. inched up in premarket trading Tuesday, and a Goldman Sachs analyst recommended the stock despite disappointing trial results for Teva's multiple sclerosis drug Copaxone. http://www.ibtimes.com/articles/20080708/ahead-of-the-bell-teva-shares-edge-up.htm Tue, 08 Jul 2008 07:34:16 EDT Though economic uncertainty has stymied activity in the initial public offering market, Credit Suisse Securities, Merrill Lynch & Co. and Wachovia Securities each managed to complete 10 deals during the first half of the year, more than any other underwriter. http://www.ibtimes.com/articles/20080707/ipo-spotlight-1st-half-underwriter-rankings.htm Mon, 07 Jul 2008 15:45:48 EDT BCE Inc, Canada's largest telecommunications company, said Friday it has agreed on terms of a $35 billion sale to a group led by the Ontario Teachers' Pension Plan in the biggest leveraged buyout ever. The deal is expected to be completed by mid-December. http://www.ibtimes.com/articles/20080705/canadian-telecom-bce-suitor-agree-on-terms.htm Sat, 05 Jul 2008 04:22:04 EDT BCE Inc, Canada's largest telecommunications company, said Friday it has agreed on terms of a $35 billion sale to a group led by the Ontario Teachers' Pension Plan in the biggest leveraged buyout ever. The deal is expected to be completed by mid-December. http://www.ibtimes.com/articles/20080704/canadian-telecom-bce-suitor-agree-on-terms.htm Fri, 04 Jul 2008 14:31:07 EDT A leading casino operator could become a player in Maryland's slot machine gambling debate. Penn National Gaming said it is considering buying a site in Cecil County that could become one of the state's five authorized slots venues. The entry of Penn National, one of the country's largest gaming companies, could boost efforts to pass a November referendum that would authorize slots gambling. http://www.ibtimes.com/articles/20080703/casino-operator-may-bid-for-cecil-slots-site.htm Thu, 03 Jul 2008 16:41:20 EDT Two investment firms pulled the plug Thursday on their $5.82 billion acquisition of Penn National Gaming Inc. after the racetrack and casino operator's stock price tumbled. http://www.ibtimes.com/articles/20080703/penn-nationals-takeover-terminated.htm Thu, 03 Jul 2008 18:43:02 EDT Deutsche Bank analyst Mike Mayo revised his second-quarter and 2008 estimates for Merrill Lynch & Co. Tuesday night, and now expects the investment bank to lose money because of larger-than-expected write-downs. http://www.ibtimes.com/articles/20080703/ahead-of-the-bell-merrill-lynch.htm Thu, 03 Jul 2008 07:30:06 EDT Shares of health insurers ended mixed Wednesday after UnitedHealth Group Inc. reduced its outlook for the second time this year, a move Wall Street expected--and one that analysts said contained some good news. http://www.ibtimes.com/articles/20080702/sector-wrap-health-insurers-are-mixed.htm Wed, 02 Jul 2008 16:25:48 EDT Deutsche Bank AG said late Wednesday it had agreed to acquire parts of ABN AMRO's commercial banking activities in the Netherlands for $1.1 billion in cash. http://www.ibtimes.com/articles/20080702/deutsche-bank-to-buy-parts-of-abn-amro.htm Wed, 02 Jul 2008 15:45:21 EDT Among the stock activity stories for Wednesday, July 2, from AP Financial News: NEW YORK (AP)--Shares of jams and jellies maker J.M. Smucker Co. jumped Wednesday after a Deutsche Bank analyst boosted his rating in the stock, saying profit should improve in 2009. http://www.ibtimes.com/articles/20080702/movers-roundup-j-m-smucker-maxygen.htm Wed, 02 Jul 2008 14:43:26 EDT Shares of General Motors Corp. plunged Wednesday to close below $10 for the first time in more than half a century, on worries about the company's cash needs and speculation about a possible bankruptcy protection filing down the road. http://www.ibtimes.com/articles/20080702/gm-shares-fall-a-day-after-june-sales-release.htm Wed, 02 Jul 2008 18:20:21 EDT Shares of jams and jellies maker J.M. Smucker Co. jumped Wednesday after a Deutsche Bank analyst boosted his rating in the stock, saying profit should improve in 2009. http://www.ibtimes.com/articles/20080702/j-m-smucker-shares-rise-on-upgrade.htm Wed, 02 Jul 2008 18:09:12 EDT Deutsche Bank AG said Wednesday that market uncertainty and a wavering global economy was unlikely to result in a second-quarter loss. The announcement came a day after shares of Germany's biggest bank tumbled about 4 percent. Its shares rose 4.7 percent to 54.49 euros ($85.92) Wednesday in Frankfurt. http://www.ibtimes.com/data/articleimgs/84114-germany-deutsche-bank.jpg http://www.ibtimes.com/articles/20080702/deutsche-bank-expects-to-post-2q-profit.htm http://www.ibtimes.com/articles/20080702/deutsche-bank-expects-to-post-2q-profit.htm Wed, 02 Jul 2008 12:22:59 EDT The Nasdaq 100 index rose Tuesday as shares of biopharmaceutical company Celgene Corp. advanced after competitor SuperGen Inc.'s bone marrow cancer drug Dacogen failed a late-stage European study. http://www.ibtimes.com/articles/20080701/nasdaq-100-leaders-and-laggards-celg-uaua.htm Tue, 01 Jul 2008 16:45:37 EDT Among the stock activity stories for Tuesday, July 1, from AP Financial News: NEW YORK (AP)--Shares of Netflix Inc. rose Tuesday after a Needham & Co. analyst upgraded the shares to "Hold" from "Under Perform," saying that additional subscriber data from Netflix leads him to raise his fair value estimate for the stock. http://www.ibtimes.com/articles/20080701/movers-roundup-netflix-mcclatchy.htm Tue, 01 Jul 2008 15:22:26 EDT Among the stock activity stories for Tuesday, July 1, from AP Financial News: NEW YORK (AP)--Shares of Halozyme Therapeutics Inc. rose Tuesday after the biotechnology company said its Chemophase drug candidate met safety and tolerability goals in an early-to-midstage study. http://www.ibtimes.com/articles/20080701/movers-roundup-halozyme-krispy-kreme.htm Tue, 01 Jul 2008 14:53:40 EDT Shares of Lee Enterprises Inc. dropped Tuesday after a Deutsche Bank analyst downgraded the stock and reduced his profit estimates due to the weak advertising market. http://www.ibtimes.com/articles/20080701/lee-shares-hit-27-year-low-after-downgrade.htm Tue, 01 Jul 2008 18:38:53 EDT The Nasdaq 100 index rose slightly in midday trading Tuesday as the broader markets fluctuated and investors scrutinized a report showing fuel prices continue to lambast the manufacturing sector. http://www.ibtimes.com/articles/20080701/midday-leaders-and-laggards-nasdaq-100.htm Tue, 01 Jul 2008 12:08:01 EDT McClatchy Co. shares fell sharply after Deutsche Bank downgraded the company on concerns that higher newsprint costs and lower revenue expectations will hurt earnings. http://www.ibtimes.com/articles/20080701/mcclatchy-shares-tumble-after-deutsche-downgrade.htm Tue, 01 Jul 2008 18:46:49 EDT