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(481 results)- Stocks Could Sputter With Black Friday Eyed
- By Leah SchnurrNEW YORK (Reuters) - U.S. stocks could sputter next week as volumes dry up in holiday-shortened trading and with a slew of economic reports likely to illustrate the recovery is still fragile.Investors will also get a glimpse of how holiday shopping could shape up with Black Friday, which...
- News items 2009-11-20
- Hershey Mulls $17 Billion Solo Bid For Cadbury: Source
- By Jessica HallPHILADELPHIA (Reuters) - U.S. chocolate maker Hershey Co HSY is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc CBRY as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.Hershey has lined...
- News items 2009-11-20
- Hershey Mulls $17 Billion Solo Bid For Cadbury: Source
- By Jessica HallPHILADELPHIA (Reuters) - U.S. chocolate maker Hershey Co HSY is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc CBRY as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.Hershey has lined...
- News items 2009-11-20
- Stocks Dip as Investors Fret About Recovery
- By Ellis MnyanduNEW YORK (Reuters) - U.S. stocks fell for a third straight day on Friday as investors took weaker-than-expected results from computer maker Dell DELL and homebuilder D.R. Horton DHI as a further sign that the recovery would be anemic.Following the S&P 500's gain of more than 60 percent...
- News items 2009-11-20
- Rio's Cloud Peak IPO Edges Down, 3 Other IPOs Up
- By Clare Baldwin and Phil WahbaNEW YORK (Reuters) - Investors bet on growth on Friday, bumping up shares in two newly listed companies with strong trajectories while remaining neutral or down on two others whose prospects are murkier.Mining giant Rio Tinto's spin-off Cloud Peak Energy Inc CLD edged down in...
- News items 2009-11-20
- Cautious Optimism as Job Losses Slow
- WASHINGTON (Reuters) - The pace of job losses slowed in many U.S. states in October, and the unemployment rate slipped in hard-hit Michigan, the Labor Department said on Friday, hinting the recession may be easing in some areas.Michigan's jobless rate fell to 15.1 percent in October from 15.3 percent in...
- News items 2009-11-20
- Ferrero, Hershey Weigh Cadbury Split - Source
- By Jessica Hall and Victoria HowleyPHILADELPHIA/LONDON (Reuters) - Cadbury Plc CBRY suitors Ferrero and Hershey Co HSY have weighed breaking the UK confectioner up into separate businesses as part of a friendly, all-cash bid, a source familiar with the situation said on Friday.Italian chocolate maker Ferrero and U.S.-based Hershey said...
- News items 2009-11-20
- Vivendi Stake Sale in NBCU Hinges on Price, Timing
- By Jui Chakravorty and Dominique VidalonNEW YORK/PARIS (Reuters) - Talks on the sale of Vivendi SA's VIV NBC Universal NBCU stake to General Electric Co GE hinge on when Vivendi would get paid as well as how much, people familiar with the matter said on Friday.The two sides are up...
- News items 2009-11-20
- J.M. Smucker Brews Q2 Beat With Folgers Coffee
- By Mihir DalalBANGALORE (Reuters) - J.M. Smucker Co SJM, best known for its peanut butter and jelly, posted higher-than-expected quarterly results, driven by strong margins at its Folgers coffee business, and raised its full-year profit view, sending its shares to a new 52-week high.Overall gross margin rise to 33.8 percent...
- News items 2009-11-20
- D.R. Horton Results Miss Estimates
- NEW YORK (Reuters) - D.R. Horton Inc DHI, the No. 2 U.S. homebuilder, reported a much larger-than-expected quarterly loss on Friday, sending its shares down 13.5 percent even though it also said orders increased.Horton said its loss narrowed to $231.9 million, or 73 cents a share, in the fourth quarter...
- News items 2009-11-20
- U.S. Layoffs Fall in October
- WASHINGTON (Reuters) - The number of mass layoffs reported by U.S. employers fell last month from September, a government report showed on Friday, suggesting job losses were close to bottoming.The Labor Department said the 2,127 mass layoff actions reported in October -- defined as job cuts involving at least 50...
- News items 2009-11-20
- Rio Tinto Unit Cloud Peak Falls in NYSE Debut
- NEW YORK (Reuters) - Cloud Peak Energy Inc CLD, a unit of Rio Tinto Plc, fell in its debut on the New York Stock Exchange on Friday after its shares priced below expectations in the U.S. coal miner's initial public offering.Shares opened at $14.50, more than 3 percent below the...
- News items 2009-11-20
- Goldman Holders Seek Bonus Pool Reduction: Report
- NEW YORK (Reuters) - Some big Goldman Sachs Group Inc GS shareholders have asked the U.S. bank to cut what could be the biggest bonuses in its history to pass more profit onto investors, the Wall Street Journal reported on Friday.Although the investors are not pushing for a huge cut,...
- News items 2009-11-20
- Trichet Warns Banks Risk Addiction to Support
- By Krista Hughes and Edward TaylorFRANKFURT (Reuters) - Banks risk becoming addicted to cheap central bank cash used to fight the financial crisis and must prepare for its eventual withdrawal, the head of the ECB warned at a Frankfurt banking conference on Friday.Financiers from the head of Deutsche Bank DBKGn...
- News items 2009-11-20
- P&G Repurchasing Shares, Quiet on Potential Deals
- CHICAGO (Reuters) - Procter & Gamble Co PG does not see acquisitions as a core part of its growth plan and has started to buy back shares again, Chief Financial Officer Jon Moeller said on Friday."There seems to be continuous speculation ... about what P&G may buy or sell," Moeller...
- News items 2009-11-20
- Dell Bets on Corporate Spending For Recovery
- By Kelvin SohSINGAPORE (Reuters) - Dell DELL, the world's No.3 PC brand, said on Friday that its core business of selling computers to companies was returning, after a sharp drop-off during the global downturn led to disappointing quarterly results.Dell's commercial business has traditionally made up the bulk of its revenue,...
- News items 2009-11-20
- Big Shareholders Ask Goldman to Cut Bonuses: Report
- (Reuters) - Some of Goldman Sachs Group Inc's GS largest shareholders have asked the company to cut the size of its bonus pool and pass along more of its profits to investors, the Wall Street Journal reported, citing people familiar with the situation.Although the shareholders were not pushing for a...
- News items 2009-11-20
- Burkle Buys Barneys New York Debt: Report
- (Reuters) - Supermarket mogul Ron Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York's debt, the Wall Street Journal said, citing people familiar with the matter.Citigroup Inc C sold a big part of Barneys' secured term loan to Burkle at...
- News items 2009-11-20
- GE, Vivendi $1 Billion Apart Over NBC Universal Stake: Report
- NEW YORK (Reuters) - General Electric GE and Vivendi VIV are at least $1 billion apart in their valuation of the French group's stake in NBC Universal, the Financial Times said on Thursday.The difference dampens hopes of a quick resolution to a stand-off holding up Comcast's CMCSA planned bid for...
- News items 2009-11-19
- Mixed Day For IPOs as Rio Unit Disappoints
- By Clare Baldwin and Phil WahbaNEW YORK (Reuters) - Investors proved to be selective as four U.S.-listed initial public offerings priced either below or at their expected ranges on Thursday evening.The largest IPO came from Cloud Peak Energy Inc CLD, the U.S. coal mining unit of Anglo-Australian miner Rio Tinto...
- News items 2009-11-19
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