Result Page 638 for Latest Companies News & Archive

AmEx to buy Revolution Money payments company

American Express Co will acquire AOL co-founder Steve Case's Revolution Money Internet-based payment platform for $300 million, the credit card company and network said on Wednesday.

Terra Firma expects Citigroup to share EMI pain

Private equity firm Terra Firma expects Citigroup to share in the pain of restructuring music business EMI, said Guy Hands, the buyout firm's founder and chairman.

Orbis opposes Canon's $1.1 billion bid for Oce

Orbis Portfolio Management said on Wednesday it would not tender its 10-percent shareholding in copier and printer maker Oce to Canon Inc, saying its 730 million-euro ($1.1 billion) bid significantly underpriced the Dutch company.

JAL shares slide to record low; Delta offers support

Shares in Japan Airlines slid to a record low after the transport minister rattled investors by saying bankruptcy was still a possibility, even as U.S. carriers lined up with offers of financial support.

More news

GM to showcase U.S. production version of Cruze in LA

General Motors Co said on Tuesday it will unveil the U.S. production version of its Chevrolet Cruze small sedan at the Los Angeles Auto Show in December.

Goldman was exposed to AIG losses - govt report

Goldman Sachs Group Inc could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc, according to a government report.

American Express buys payments company

American Express Co agreed to acquire Internet-based payment platform Revolution Money for $300 million, the credit card company and network said on Wednesday.

U.S. inflation edges up, housing starts fall sharply

Construction of new homes in the United States fell sharply last month, showing potential weakness in the economy's recovery, while consumer prices rose slightly more than expected.

China's No.3 refrigerator maker gets bid approaches

Hong Leong Group, owned by Singapore billionaire Kwek Leng Beng, has received approaches about its 90 percent stake in Xinfei, China's No.3 refrigerator maker by market share, the company said on Wednesday.

Virgin Media eyeing further savings, to cut property

British cable operator Virgin Media is continually looking to take costs out of the business and expects to reduce its property portfolio as part of that drive, its finance officer said on Wednesday.

Malaysia's Axiata in strategic pact with Huawei

Malaysian telecoms company Axiata said it will form a strategic partnership with world No. 2 telecommunications equipment maker Huawei to develop new technology and cut Axiata's equipment procurement costs.

Hershey, Ferrero in talks over Cadbury: source

Chocolate makers Hershey Co and Ferrero SpA are considering a joint bid for Cadbury Plc that could help the British confectioner fend off a hostile takeover by Kraft Foods Inc

Coke sees int'l markets key to long-term growth

Coca-Cola Co said on Tuesday that international growth, cost savings, new marketing and innovation would be key as it plans to double its total system revenue by 2020.

Ford Fusion named Motor Trend 2010 car of year

Ford Motor Co's Fusion mid-size sedan was named Motor Trend magazine's 2010 car of the year on Tuesday, adding to the perception that changes to the No. 2 U.S. automaker's vehicle lineup are gaining traction.

MUFG, MS to merge only part of Japan ops-Nikkei

Japan's Mitsubishi UFJ Financial Group and Morgan Stanley will merge only part of the U.S. firm's Japan brokerage operation with MUFG's, revising their earlier pact, the Nikkei business daily reported on Wednesday.

U.S. home builder sentiment steady in November

U.S. home builder sentiment held steady at a low level in November, according to a survey taken before the government extended a popular tax credit for first-time buyers.

Chevron CFO says has no interest in small M&A

Chevron Corp, the second-largest U.S. oil company, would only seek mergers and acquisitions that add scale and fit strategically with the rest of the company, its chief financial officer said on Tuesday.

France's AXA, AMP poised to sweeten bid for AXA Asia

French insurer AXA SA and Australia's AMP Ltd need to sweeten their bid for AXA Asia Pacific Holdings by about 10 percent to seal the proposed $11 billion deal, analysts and fund managers say.

Ferrero link seen viable defense for Cadbury v Kraft

Britain's Cadbury may team up with Italian chocolatier Ferrero to see off a hostile bid from U.S. group Kraft, an Italian newspaper reported on Tuesday, a combination that one analyst said made sense.

Conoco may sell Rockies Express pipeline stake

ConocoPhillips could sell its 25 percent stake in the Rockies Express Pipeline as part of the oil giant's plan to divest $10 billion in assets, a senior executive said on Tuesday.

PPR to raise up to 1 bln euros in CFAO unit IPO

French retail and luxury group PPR is raising upto 1 billion euros ($1.5 billion) to cut group debt by listing its Africa-focused CFAO distribution business in Paris next month.

Dillard's swings to profit in Q3

Dillard's Inc reported on Tuesday a quarterly profit from a year-ago loss, helped by a tax benefit and a move to slash inventory to counter weak consumer spending.

Saks profit beats Street view for loss, shares up

Upscale department store operator Saks Inc reported a quarterly profit on Tuesday, beating Wall Street expectations for a loss, and its shares rose nearly 8 percent.

Target profit up, cautious on holiday

Target Corp reported a higher-than-expected quarterly profit on Tuesday, but remained cautious about the fourth quarter given a budding holiday season price war.

Goldman Sachs insurer in pension deal with CDC Plc

Rothesay Life, the Goldman Sachs-owned insurer, said it would insure pension benefits worth 370 million pounds ($623 million) for private equity firm CDC Group Plc, boosting a long-stagnant pensions derisking market.

Saks posts Q3 profit, shares up

Upscale department store operator Saks Inc reported a quarterly profit on Tuesday, beating Wall Street expectations for a loss, and its shares rose 5.5 percent.

Japan's Ministop to bid for Buy The Way -sources

Ministop Co, Japan's fifth-largest convenience store, plans to bid for South Korea's Buy The Way, which has been put up for sale by private equity firm Unitas Capital, three sources familiar with the matter said.

Big bank mergers unlikely until rules clear-Nordea

Big European banks are unlikely to merge for the coming months until new capital and liquidity rules become clear, the chief executive of Nordea Bank said on Tuesday.

Mauritius Union Assurance gets nod to buy rival

Mauritius Union Assurance Company said on Tuesday shareholders of rival National Mutual Fund (NMF) had given it the green light to buy a controlling stake.

China, US eye pact to help troubled banks -sources

Chinese and U.S. regulators are negotiating a pact aimed at encouraging Chinese financial institutions to buy into small and medium-sized banks in the United States, bankers briefed on the plan said on Tuesday.

US Fed sets interim mortgage sale disclosure rule

The Federal Reserve Board said on Monday it approved an interim final rule requiring that consumers be notified when their mortgage loan has been sold or transferred.

CORRECTED - UPDATE 4-Lowe's profit falls, sees housing return in mid 2010

Lowe's Cos Inc , the second-largest U.S. home improvement chain, posted a 30 percent drop in quarterly profit on Monday as consumers put off big renovations while the U.S. housing market remained sluggish.

Home Depot quarterly profit tops estimates

Top home improvement chain Home Depot Inc reported a higher-than-expected quarterly profit on Tuesday as cost cuts offset weak sales.

Website's cash handout stunt horrifies French minister

French Budget Minister Eric Woerth said on Sunday he was horrified by a publicity stunt that attracted huge crowds hoping for a cash handout and led to serious violence when it was canceled for safety reasons.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

Get Listed

COMPANIES

Pages