Result Page 879 for Latest Companies News & Archive

Source Interlink to Buy Primedia for $1.2B

Source Interlink Companies Inc. (NASDAQ: SORC) said on Monday that it has agreed to buy Primedia Inc.'s (NYSE:PRM) Enthusiast Media division for $1.2 billion cash.

Mylan Buy's Merck Unit for $6.7B

Mylan Laboratories Inc. (NYSE: MYL) won over rival bids to agree to buy Merck KGaAâ€™s (NYSE: MRK) generic drug division on Sunday for 4.9 billion euros in cash ($6.7 billion).

Cerberus Takes Over Chrysler for $7.4 billion

After nine years failing to integrate the operations, German carmaker DaimlerChrysler AG (NYSE: DCX)said Monday that it agreed to hand over control of its struggling Chrysler Group unit to private-equity firm Cerberus Capital Management LP for $7.4 billion.

Pentax Plans to Double Profit, As Pressure Grows

Pentax Corp., Japanâ€™s oldest single-lens reflex camera maker, is trying to double its annual operating profit in three years, a company official said on Thursday.

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Alcatel-Lucent Profit Drops 35 Pct., Expects Stronger Sales

Alcatel-Lucent (NYSE: ALU) reported a drop in profit for its first quarter on Friday, saying lower volumes in wireless and core networks, as well as continued investments hampered growth.

Thomson to sell businesses for $7.75 billion

Thomson Corp. (NYSE, TSX: TOC), which is bidding to buy Reuters Group Plc, said Friday that it will sell segments of Thomson Learning and Nelson Canada to group of funds for $7.75 billion in cash.

CME, CBOT Revise Merger Deal; ICE Bid â€˜Not Superiorâ€™

Chicago Mercantile Exchange Holdings Inc. (NYSE, Nasdaq: CME) and Chicago Board of Trade owner CBOT Holdings, Inc. (NYSE: BOT) announced a revised merger agreement on Friday, with CME increasing its offer by 16 percent.

AIG Profit Jumps 29 Pct on Strong Insurance

American International Group Inc. (NYSE: AIG) said on Thursday that its first-quarter earnings rose sharply from a year ago, when results were hurt by hurricane losses.

Origin Commits to Power Station Expansion

Origin Energy (ASX:ORG), an Australian gas and electricity company, will commit $80 million to expand the capacity of its gas-fired Quarantine Power Station, saying it will add to the security of electricity supplies in South Australia.

NAB Profit Rises 7.1 Pct

National Australia Bank, the nationâ€™s largest bank, said Thursday that net profit rose 7.1 percent on strong lending growth for the half year ending March 31.

Tesco Ends Coles Bid: Report

Giant British retailer Tesco Plc is no longer pursuing takeover bid for Coles Group Ltd, a source familiar with the situation told Reuters on Thursday.

Japan's Carmakers Boosting U.S. Production

Major Japanese automakers are focusing on boosting their production bases in the U.S. to meet strong demand for Japanese cars and avoid trade disputes, reports Kyodo news service.

Six Flags Shares Fall Despite Narrower 1Q Loss

Shares of amusement park operator Six Flags Inc. (NYSE: SIX) dropped on Thursday, a day after the company reported a narrower quarterly loss on Thursday, with increased revenue coming from higher attendance and higher revenue per capita.

Viacom 1Q Profit Plunges 36 Pct

Viacom Inc. (NYSE: VIA) reported a 36 percent loss in profit on Thursday on rising operating costs and restructuring, but was higher than Wall Street expectations.

Wal-Mart April Sales Drop 3.5 Pct

Wal-Mart Stores, Inc. (NYSE: WMT) said Thursday that April same-store sales declined more than previously expected at 3.5 percent due to weather conditions, and an earlier Easter.

GPT Group Posts Moderate Sales Growth

GPT Group, one of Australiaâ€™s largest diversified property trusts, reported moderate March quarter growth on Wednesday, helped by increased consumer confidence and interest rate stability.

BMW Global Sales Rise 3 Pct In April

BMW AGâ€™s global sales increased 3 percent in April with exceptional demand, led by its 3-series convertible, the company said on Tuesday.

Edison Intl 1Q Profit Jumps 29 Pct

Edison International (NYSE: EIX) reported a 29 percent rise quarterly earnings on Wednesday, helped by results at its Southern California Edison utility subsidiary.

TXU Profit Falls 15 Pct on Power Plant Cuts

Texas power company TXU Corp. (NYSE: TXU) posted a first quarter loss on Wednesday, hurt by charges related to canceled power facilities.

Toll Brothers to Miss Revenue Forecast

Luxury home builder Toll Brothers (NYSE: TOL) said Wednesday that home building revenue would be lower than expected and it would not reach its latest quarterly and annual guidance.

News Corp Profit Jumps 6.2 Pct on Film, Cable

News Corp. (NYSE: NWS)said on Wednesday that its third quarter profits rose by 6.2 percent from the previous year on strong performance from its film and cable news divisions.

Citigroup Unveils $50B Climate Change Initiative

Citigroup, Inc. (NYSE: C) unveiled a $50 billion initiative to address global climate change by supporting the commercialization and growth of alternative energy and clean technology.

Coca-Cola Amatil Expects Single Digit Growth

Coca-Cola Amatil Ltd. (XFS: CCA) said it expects single digit earnings growth for 2007 despite rising costs.

PBL to Split into Media, Gaming Companies

Publishing & Broadcasting Ltd (ASX: PBL) said on Tuesday that it would split its media assets and gaming interests into two separately listed companies.

Disney 2Q Profit Rises; Revenue Short of Forecasts

The Walt Disney Co. (NYSE: DIS) reported a better than expected second quarter profit on Tuesday, on strong results in all of its major business units but fell short of revenue forecasts.

Warner Music Loss Widens on Restructuring, Soft Sales

Warner Music Group Corp. (NYSE: WMG) posted a wider fiscal second quarter loss on Tuesday, hurt by restructuring costs and soft music sales.

CVS Profit Jumps 24 Pct on Stronger Sales

CVS/Caremark Corp. (NYSE: CVS) reported Tuesday that its profit for the fiscal fist quarter rose 24 percent on stronger sales, as revenue rose 32 percent.

Tyco 2Q Profit Drops on Breakup Costs

Industrial conglomerate Tyco International Inc. (NYSE: TYC) posted weaker than expected earnings for its fiscal second quarter on Tuesday, as the company incurs costs for a planned breakup later this year.

Shares of Armor Holdings Jump on $4.1 Billion BAE Deal

Shares of Armor Holdings Inc. (NYSE: AH) jumped more than 5 percent in Monday trading after the company agreed to be acquired by BAE Systems for $4.1 billion.

Starbucks to Cut Artificial Trans Fats in U.S. by End of 2007

Starbucks Corp. (Nasdaq: SBUX) said Monday that it would end the use of artery clogging trans fats in food and beverages in the continental U.S., Alaska and Canada by the end of 2007.

Puma Profit Up Slightly, Cuts 2007 Outlook

German sportswear maker Puma AG (PUM.XE) reported a slight rise in its fiscal first quarter earnings, but cut its 2007 outlook for full-year sales and profit.

Progress Energy Profit Gets Boost on Restructuring

Progress Energy Inc. (NYSE: PGN) reported a stronger than expected first quarter on Monday, citing stronger performance from restructuring efforts.

J&J Stops Stent Study, Discontinues Sales

Johnson & Johnson wholly owned firm Conor Medsystems LLCsaid, said on Monday that it will end clinical trials of its CoStar drug coated stent after it failed to meet its primary goal.

Reports: Reuters Group Suitor is Thomson Corp

Reuters Group Plc (LON: RTR) has been approached by Thomson Corp. (TSE: TOC) for a possible takeover deal worth $15 billion, according to published reports on Friday.

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