IBT Staff Reporter

108241-108270 (out of 154953)

Essilor buys US eyewear group FGX in $465 mln deal

Essilor (ESSI.PA), the largest maker of corrective eye lenses, plans to buy U.S. group FGX International (FGXI.O) for about $465 million to expand in the growing market for non-prescription reading glasses.

Glaxo boosts consumer health with cold sore deal

GlaxoSmithKline (GSK.L) took a further step to build up its non-prescription consumer health business on Wednesday with a small deal giving it rights to an experimental cold sore treatment from privately owned NanoBio.

Playboy shares fall on report of Iconix cutting talks

Iconix Brand Group Inc is breaking off talks with Playboy Enterprises (PLA.N) after figuring it would be too complicated to separate the Playboy brand from other assets, Bloomberg reported, citing people familiar with the matter.

Nomura to buy London boutique investment bank

Japanese bank Nomura is to buy London-based corporate finance advisory firm Tricorn Partners, according to a memo, strengthening its foothold in the lucrative corporate broking business.

Cadbury pension fund insures liabilities

British confectioner Cadbury said on Wednesday it had insured 500 million pounds ($813 million) of pension liabilities in a deal allowing it to keep control of the scheme's assets.

China Shipbuilding gains, insurer raises $3.1 billion

China Shipbuilding Industry Co made a tepid Shanghai debut, and China Pacific Insurance raised $3.1 billion in a Hong Kong IPO, as Beijing steps up the pace of stock offerings to fend off a speculative market bubble.

Consumer prices rise as expected

U.S. consumer prices rose in line with expectations in November on a surge in energy costs, but prices were flat, excluding food and energy, a government report showed on Wednesday.

Stocks seen notching up more gains in 2010

Stocks should score a second straight year of gains in 2010 as an economic recovery brightens the profit outlook, extending the market's rebound from the depths of a punishing financial crisis, a Reuters poll showed on Wednesday.

Fine for Credit Suisse raises Iran alarm

A surprise $536 million settlement by Credit Suisse to a U.S. probe over financial dealings with Iran should only do short-term damage to the Swiss bank, but others could now be in the line of fire.

Current account deficit widens in Q3

The current account deficit widened as expected in the third quarter to $108 billion, largely driven by a big trade shortfall, a Commerce Department report showed on Wednesday.

Brazil blocking increase of carbon finance: source

Brazil is blocking proposals to increase carbon finance for emerging nations at U.N. talks, and a spat with Saudi Arabia over forestry and carbon-burying projects could impede a new climate deal, a source close to the talks said on Wednesday.

U.N.'s Ban seeks tougher CO2 curbs, climate aid

All nations should set tougher goals for combating global warming at a U.N. summit and the rich should spell out how much aid they will give the poor by 2020, U.N. Secretary-General Ban Ki-moon said on Wednesday.

Federal Trade Commission sues chip giant Intel

The government filed suit against Intel Corp on Wednesday, alleging that the chip giant illegally used its dominance of the market for a decade to stifle competition and strengthen its monopoly.

Window closing for healthcare reform: Biden

If the U.S. Congress fails to agree on a healthcare bill soon, the opportunity for a sweeping overhaul of the $2.5 trillion system will be lost for a generation, Vice President Joe Biden warned on Tuesday.

Obama pushes Senate Democrats to pass health bill

President Barack Obama pushed fractious Senate Democrats on Tuesday to pass a broad healthcare overhaul and said he was cautiously optimistic they could iron out their differences to win the 60 votes needed.

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