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U.S. Army to End Halliburton Deal

The U.S. Army will discontinue its multi-billion dollar contract with oil services giant Halliburton Co. to provide logistical support to U.S. troops worldwide, The Washington Post reported on Wednesday.

Premier Foods to buy Campbell unit for $846 mln

Premier Foods has agreed to buy the UK and Irish businesses of Campbell Soup for 460 million pounds ($846 million), adding Oxo stock cubes, Batchelor soups and Homepride flour to its stable of brands. Premier Foods, which already owns household names such as Angel Delight desserts and Smash instant mashed potato, said on Wednesday it would finance the deal mainly from a fully underwritten rights issue to raise 450 million pounds.

Lionsgate buys TV distributor Debmar-Mercury

Film and television studio Lionsgate said on Wednesday it bought Debmar-Mercury LLC, an independent television distributor with rights to such shows as Comedy Central's popular animated sitcom South Park.

Army to end Halliburton deal: report

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Time Warner sees loss, potential in AOL plan: report

Time Warner Inc. estimates its AOL division would lose almost $1 billion in operating profit through 2009 under a plan to offer the unit's services free to some customers, The Wall Street Journal said on Tuesday.

Lucent says slow wireless sales push down Q3

Lucent Technologies Inc. said on Monday it expects third-quarter earnings to fall due mainly to slower sales of wireless network equipment in North America, in news that pushed down its shares.

Alliance Talks to Start Amid Investor Concerns

As GM, Renault-Nissan prepare to pursue â€œexploratoryâ€ talks about a possible alliance, GM investors are wondering whether the partnership can benefit the world largest automaker, currently in the midst of a major restructuring.

Airbus orders down, deliveries up in H1

Airbus orders plunged by more than half in the first six months of the year as confusion over its product range robbed the company of wide-body sales throughout the second quarter, new figures showed on Monday.

Antidepressant market under siege from generics

The $15 billion market for antidepressants, one of the biggest in the pharmaceuticals industry, is in danger of crumbling as generic competition eats away at existing products and drug companies struggle to develop replacements.

Aviva in talks to buy AmerUs

Britain's biggest insurer, Aviva Plc, is in talks to buy U.S. life insurer AmerUs Group Co, valued at about $2.3 billion, in a deal that would boost Aviva's undersized presence in the booming U.S. market.

Verizon near decision on directory business: report

Verizon Communications Inc. is close to putting in motion long-awaited plans to shed its directory business, The Wall Street Journal reported on Friday, citing people familiar with the matter.

Oil and Gas Pipeline Deals Hot, but Prices a Limit

A spate of oil and gas pipeline deals has boosted mergers and acquisitions for the industry by nearly 30 percent this year, but soaring prices are turning off many potential buyers.

Ebay: From Hobby to Billion Dollar Company

As a satirical news story about a Belgium Orchestra looking to sell itself on online auction site eBay made its rounds on the Internet on Tuesday, the San Jose, Calif. firm once again captured a bit of the media spotlight through a unique offering.

Atlantic City casino losses seen at $20 mln a day

Atlantic City casinos could lose more than $20 million a day in revenue and cut thousands of jobs, an industry executive said on Wednesday, as a New Jersey budget impasse forced operators to close shop.

GM, Nissan CEOs to meet in July: source

General Motors Corp. Chief Executive Rick Wagoner will meet with Nissan Motor Co. Ltd. and Renault SA Chief Executive Carlos Ghosn in Detroit in mid-July, a person familiar with the situation said on Wednesday.

Internet TV: AT&T's Dubious Attempt

AT&T says that the initial customers of its latest Internet TV offering have been pleased. But with experts citing a number of problems and limitations, will the new service be embraced?

LeapFrog names Jeffrey Katz new CEO

LeapFrog Enterprises Inc. on Wednesday said it named Jeffrey Katz chief executive officer and president, effective immediately.

BAE Systems Orders New Airbus Audit

Britain's BAE Systems, Europe's largest defense company, ordered an audit of Airbus on Wednesday, pushing back its possible sale of a 20-percent stake in the European planemaker into September at the earliest.

Renault-Nissan Hope for a GM 'Triple Alliance'

On Monday, the boards of automakers Renault SA and Nissan Corp. confirmed that they were interested in forming an alliance with the world's largest car company, General Motors Inc.

French minister cautious on Renault-GM link

France reacted cautiously on Tuesday to the idea of a tie-up between carmaker Renault, its Japanese partner Nissan and U.S. rival General Motors as Renault shares fell.

Renault Board to Discuss GM Tie-up Plan

An audacious plan for a tie-up between General Motors Corp and Renault that would create a $100 billion global auto giant was set to come before the board of the French carmaker late on Monday.

EADS Stocks Still Down After Airbus Shakeup

Airbus parent EADS failed to rouse its recently trampled share price on Monday after the European aerospace giant forced out two top executives blamed for a two-week crisis over A380 superjumbo production blunders.

Jordan Sells Control of JT to France Telecom

The Jordanian government said it sold controlling interest of Jordan Telecommunications to France Telecom on Wednesday.

General Mills Q4 profit falls, meets forecast

Food company General Mills Inc. on Thursday said quarterly profit fell 52 percent from a year earlier, when it recorded a big gain from selling some businesses, and forecast profit for the current fiscal year that was slightly below Wall Street forecasts.

Boeing to take up to $1.1 billion in charges

Boeing Co. said on Thursday it will take up to $1.1 billion in charges to cover the costs of two delayed surveillance aircraft contracts and the previously announced settlement of U.S. government investigations into its defense unit.

GM says 35,000 Accept Early Retirement Package

qGeneral Motors Corp. said on Monday that 35,000 workers - or almost a third of its hourly work force - had accepted payouts to retire and leave the company, topping expectations and putting the world's largest automaker two years ahead of schedule on planned job cuts.

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