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- Chunk of Chevron's Job Cuts Seen in 2008: Filing
- NEW YORK (Reuters) - Pointing at a slew of job cuts, Chevron Corp (CVX) said in a regulatory filing that about 1,100 employees were eligible for severance payments, after it implemented a restructuring plan in 2007. Severance payments for about 300 staffers, mostly...
- News items 2008-05-09
- BoA Says No Assurance on Countrywide Debt: Filing
- NEW YORK (Reuters) - Bank of America (BAC), which said it would buy Countrywide Financial Corp (CFC) in January, said there was no assurance any of the mortgage lender's outstanding debt would be redeemed, assumed or guaranteed, according to a regulatory...
- News items 2008-05-02
- BlackRock CEO Fink Awarded $41.87 Million in 2007
- WASHINGTON (Reuters) - BlackRock Inc (BLK) Chairman and Chief Executive Laurence Fink received $41.87 million in compensation in 2007, a 27 percent increase from the prior year, according to a regulatory filing on Monday. The pay raise came during a year when the...
- News items 2008-04-28
- BNET Daily Dispatch: Sallie Mae, Ichan, Nokia and Cadbury
- Sallie Mae, the largest U.S. student-loan company, is talking with private equity firms about a potential leveraged buyout. A LBO would be unusual for a financial company because it would require it to take on more debt, which can cut into the profit margins of a lender like Sallie...
- Blog posts 2007-04-13
- Wendy's to Announce Transaction With Peltz: Report
- NEW YORK (Reuters) - Wendy's International Inc (WEN) is set to announce a transaction with billionaire investor Nelson Peltz on Thursday, though the deal's specific details were unclear, the Wall Street Journal reported, citing a person familiar with the situation. The...
- News items 2008-04-24
- DirecTV Posts Higher Profit
- NEW YORK (Reuters) - U.S. satellite television service provider DirecTV Group Inc (DTV) posted a higher quarterly profit on Wednesday as it added more subscribers than expected. First-quarter net profit rose to $371 million, or 32 cents per share, from $336 million, or...
- News items 2008-05-07
- BNET Daily Dispatch: Fremont General, Kerkorian, Salesforce.com, and Outback
- Fremont General said today that it agreed to sell its commercial real estate loan business to iStar Financial for $1.9 billion. The company also agreed to sell a minority stake in the entire company for $80 million to an investor group led by Gerald Ford,...
- Blog posts 2007-05-22
- Is UTC Power's Geothermal Contract a Bad Deal?
- A major player in geothermal well field exploration and the development of clean, renewable geothermal electric power plants, Raser Technologies, entered into a Purchase Contract with UTC Power, a subsidiary of United Technologies Corporation. In connection with the purchase contract, Raser agreed to purchase approximately $33.38 million...
- Blog posts 2008-04-11
- BNET Daily Dispatch: U.S. Steel, Circuit City, TJX, and Discovery
- U.S. Steel agreed to buy Lone Star Technologies, whose products are used to line oil and gas wells and build pipelines, for $2.1 billion. In the past three years, the energy industry has invested billions of dollars in new gas and oil sources in North America. Officials...
- Blog posts 2007-03-29
- Analysts Say BofA May Lower Countrywide Deal Price
- By Tenzin Pema BANGALORE (Reuters) - At least two analysts said Bank of America Corp (BAC) will likely lower its purchase price for Countrywide Financial Corp (CFC), with Friedman, Billings Ramsey analyst saying the bank may bring down its deal price to ...
- News items 2008-05-05
- Analysts Say BofA May Lower Countrywide Deal Price
- By Tenzin Pema BANGALORE (Reuters UK) - At least two analysts said Bank of America (BAC) will likely lower its purchase price for Countrywide Financial (CFC), with Friedman, Billings Ramsey analyst saying the bank may bring down its deal price to the $0 to $2...
- News items 2008-05-05
- Fannie Mae Posts Another Loss
- NEW YORK (Reuters UK) - Fannie Mae (FNM), the largest provider of U.S. home financing, on Tuesday reported its third straight quarterly loss as the U.S. housing crisis took another turn for the worse during the first quarter of 2008. The federally chartered company also said...
- News items 2008-05-06
- Wendy's Rejects Offers, Says Peltz "misleading"
- By Lisa Baertlein LOS ANGELES (Reuters) - Wendy's International Inc (WEN) rejected a cash and stock takeover bid and an offer to combine with Arby's, billionaire Nelson Peltz's businesses said on Friday as the hamburger chain argued both offers were low. Wendy's board...
- News items 2008-04-18
- There Won't Be Any Landlines in 2013
- There is a The Wall Street Journal story today about T-Mobile’s plan for a national roll-out of Hotspot @ Home - its WiFi enabled cellphone service. Currently, according to The Journal, phones from Nokia and Samsung can be used with both traditional cellular towers and some WiFi hotspots; the...
- Blog posts 2007-05-03
- Circuit City to Open Its Books to Blockbuster
- By Karen Jacobs ATLANTA (Reuters) - Circuit City Stores Inc (CC) on Friday reversed course and said it would open its books to suitor Blockbuster Inc (BBI) and the movie-rental company's largest shareholder, billionaire investor Carl Icahn. The electronics chain also said Goldman...
- News items 2008-05-09
- Fannie Mae Posts Loss, to Cut Payout
- By Lynn Adler NEW YORK (Reuters) - Fannie Mae (FNM) on Tuesday posted a massive quarterly loss, its third straight, on the protracted U.S. housing market slump, prompting it to slash its dividend and set plans to raise $6 billion of fresh funds....
- News items 2008-05-06
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