COMPANIES

Wal-Mart Internet expansion set to succeed-Moody's

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Wal-Mart Stores Inc's expansion into e-commerce will likely be successful as the company's aggressive price cuts and broad distribution capability may give Amazon.com Inc a run for its money, Moody's Investors Service said on Monday.

Hasbro gets Transformers boost, other brands weak

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Hasbro Inc posted revenue that fell short of Wall Street expectations on Monday as weakness in brands like Monopoly and Strawberry Shortcake offset strong sales of boys' toys tied to the G.I. Joe and Transformers movies.
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Evergrande targets $769 mln HK IPO, way below '08 plans

Chinese property developer Evergrande Real Estate Group Limited plans to raise up to $769 million in a Hong Kong initial public offering, according to a term sheet obtained by Reuters on Monday, 63 percent below its attempted goal last year.
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Aviva sees $1.79 billion windfall from Delta IPO

British insurer Aviva said it expected to pocket 1.2 billion euros ($1.79 billion) from the partial stock market flotation of Dutch subsidiary Delta Lloyd, financing growth opportunities including possible acquisitions.
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GVT says Vivendi gets OK to make a bid

The board of French media conglomerate Vivendi has given the green light to proceed with an offer for GVT, the Brazilian telecommunications company said on Monday.
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Sprint to buy IPCS and suspend litigation

Sprint Nextel Corp plans to buy wireless affiliate iPCS Inc for about $426 million excluding debt, and the two companies have agreed suspend all litigation between them.
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EU exec to approve GM maize if ministers disagree

The European Commission will make a quick decision to authorise three varieties of GM maize so as to relieve pressure on the livestock sector if EU ministers fail to agree, the EU farm chief said on Monday.
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Sprint to buy IPCS, suspend litigation

Sprint Nextel Corp plans to buy wireless affiliate iPCS Inc (IPCS.O) for about $426 million excluding debt, and the two companies have agreed suspend all litigation between them.
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Opel Trust says no need to re-open Opel sale

The German trust set up to oversee Opel said on Monday it saw no reason to re-open the sale of the carmaker despite EU concerns that Berlin's promises of state aid had skewed the bidding process.
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Hasbro profit tops Street view

Hasbro Inc posted a quarterly profit that beat Wall Street expectations and gave an upbeat outlook for the full-year, fueling hopes for better toy sales during the holidays.
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Madoff beach house sale completed for $9.41 mln

Epic swindler Bernard Madoff's former beach home off the eastern-most point of New York's Long Island sold for $9.41 million, money that will go toward a fund for defrauded investors, the U.S. Marshals Service said on Friday.
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Hasbro profit tops Street estimates

Hasbro Inc reported a higher-than-expected quarterly profit on Monday, boosted by demand for movie-related toys, although revenue fell short of expectations.
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Germany says EU concerns don't endanger Opel deal

Economy Minister Karl-Theodor zu Guttenberg expressed confidence on Saturday that Germany could address EU concerns about a sale of carmaker Opel to Canada's Magna, saying they did not put the deal at risk.
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CIT amends restructuring plan with bondholders

Commercial finance company CIT Group Inc and a group representing its bondholders have agreed on changes to the company's proposed restructuring plan as it looks shore up its finances.
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New airline fees a gold mine for carriers

The U.S. airline industry, finally poised for rebound after a near financial meltdown in 2008, may owe its survival to the creative minds who brought you fees, fees and more fees.
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Dutch court gives DSB Bank more time for deal

A Dutch court gave DSB Bank a weekend reprieve on Friday, saying it had until Monday to come to terms with a mysterious potential buyer from the United States, Dutch television reported.
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GE earnings trip up Wall Street rally

General Electric Co helped to pull the plug on Wall Street's recovery rally on Friday, reporting sales that missed expectations and cautioning that recovery from the brutal recession would be gradual.
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U.S. coal miners looking at lower profits

Most U.S. coal miners are looking at sharply lower third-quarter earnings, but those who produce coal for steelmaking and export should enjoy higher prices in the longer run than those whose coal is sold for power generation, analysts say.
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India's TCS profit up 29 pct, sees slow recovery

Tata Consultancy Services beat forecasts with a 29 percent rise in quarterly net profit helped by demand from recession-hit financial customers, but said a sharp growth rebound in the near term was unlikely.
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Cadbury looks for sweet Q3 to deter Kraft

Cadbury, under siege from a bid by Kraft, will look to paint a picture of growth at next week's update to try and see off the predator with analysts focusing on sales, volumes and margin trends.
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Kraft in talks to sell coffee to Sara Lee - report

Kraft Foods Inc is in talks to sell its Maxwell House coffee business to Sara Lee Corp in a move that would give it more money to increase its bid for Cadbury Plc, the New York Post reported on Friday, citing one source.
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A bid for Sainsbury? If not now, maybe later

A bid for J Sainsbury Plc may not be imminent, but its property assets, growth plans and uncertainty over the intentions of its top investor could keep it a focus of speculation, and its stock in demand.

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