03 Apr
Why Ford has been succeeding - without a 2008 bailout
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Original post by The Daily Ticker -Y! Finance and software by Elliott Back Not What You Needed? Check Out These Related Sites... |
Breaking News- Yahoo buying Tumblr for $1.1 billion, vows not to screw it upBy Jennifer Saba and Alexei Oreskovic (Reuters) - Yahoo Inc said it is buying blogging service Tumblr for $1.1 billion cash, giving the struggling Internet pioneer a much-needed platform in social media to reach a younger generation of users. The deal, announced on Monday, is a bold bet by Yahoo Chief Executive Marissa Mayer to revitalize the company by co-opting a Web property with strong visitor traffic but little revenue. The acquisition, which will use up about a fifth of Yahoo's $5. ...
- Wall Street little changed, deals provide supportBy Leah Schnurr NEW YORK (Reuters) - Stocks were little changed on Monday as acquisition activity gave support but investors were reluctant to rush into the market with indexes hovering around record levels. Deals including Yahoo's $1.1 billion bid for Tumblr indicate that companies continue to search for growth through acquisitions, a bullish sign for stocks. Yahoo was up 0.8 percent at $26.73. The S&P 500 and Dow industrials finished Friday at fresh record highs and the Nasdaq Composite is at its highest since late 2000. ...
- Dell says cannot disclose more information to Icahn yet(Reuters) - Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was "superior" to founder Michael Dell's. Earlier this month, Icahn and Southeastern offered $12 in cash per share or additional shares to existing investors as an alternative to Michael Dell's $24.4 billion bid to take the company private. ...
- Actavis to buy Warner Chilcott in $5 billion stock dealBy Caroline Humer (Reuters) - Generic drugmaker Actavis Inc, itself the subject of takeover speculation, said on Monday it would buy specialty pharmaceutical company Warner Chilcott Plc for $5 billion in stock to expand its branded drug portfolio, lower taxes and increase profits. Warner Chilcott brings a portfolio of branded women's health pharmaceuticals, such as the contraceptive patch to Actavis, which makes and sells drugs that are no longer under patent protection. ...
- Unclear whether Fed's bond buying has helped economy: Fisher(Reuters) - While the Federal Reserve's accommodative policies have boosted stocks and helped the rich, it is unclear whether they are doing enough for the broader U.S. economy, a top central bank official said on Monday. "We've made rich people richer...," Dallas Fed President Richard Fisher said on CNBC television. "Question is what have we done for working men and women in America?" Fisher, who has long opposed the Fed's bond-buying program and wants to reduce it, added he expects real gross domestic product growth of more than 2.5 percent by year end. ...
- Chesapeake Energy hires Anadarko executive as CEO(Reuters) - Chesapeake Energy Corp on Monday named a top executive at rival Anadarko Petroleum Corp to head the No. 2 U.S. natural gas producer, which has suffered through a governance crisis and liquidity crunch over the last year. Chesapeake hired Robert Douglas Lawler, senior vice president of international and deepwater operations at Anadarko, to fill the post vacated by co-founder Aubrey McClendon in April. Shares of Chesapeake rose 1 percent as Wall Street hoped Lawler would restore luster to the tainted energy producer. ...
- Wildcat strike hits Mercedes South African plantCAPE TOWN (Reuters) - Car maker Mercedes Benz said on Monday workers at its South African assembly plant had gone on an illegal strike at the end of last week but had agreed to resume operations on Tuesday. "Scheduled production will resume on Tuesday 21 May," company spokeswoman Lynette Skriker said in a statement. She said production had been affected by the two-day walkout. (Reporting by Wendell Roelf; Editing by Ed Cropley)
- U.S. justices rule for PPL Corp in overseas tax caseBy Lawrence Hurley WASHINGTON (Reuters) - The Supreme Court on Monday ruled for utility PPL Corp in its dispute with the U.S. Internal Revenue Service over credits the company claimed to offset overseas tax payments. The court ruled on a unanimous vote that Pennsylvania-based PPL can claim $39 million in U.S. foreign tax credits against a 1997 British windfall tax. Writing on behalf of the court, Justice Clarence Thomas said the "predominant character of the windfall tax is that of an excess profits tax, a category of income tax in the U.S. sense." At least two other U.S. ...
- GE Capital plans to pay $6.5 billion in dividends to GE(Reuters) - General Electric Co said its financial unit GE Capital Corp would pay $6.5 billion in dividends to the parent in 2013 as part of a plan to reduce the unit's size. "This announcement is consistent with our goal to reduce the overall size of GE Capital and for it to return significant cash to GE," GE CEO Jeff Immelt said in a statement on Monday. The dividend payment includes a special dividend of $4.5 billion, the company said. The dividend payments are planned at 30 percent of GE Capital's total 2013 earnings, GE said. ...
- Ex-Goldman banker Thornton steps down from HSBC boardLONDON (Reuters) - John Thornton, the former Goldman Sachs president who specializes in Chinese affairs, is stepping down from the board of HSBC to spend more time on his other business interests, Europe's biggest bank said on Monday. Thornton, who heads HSBC's remuneration committee, will not seek re-election to the bank's board at its annual shareholder meeting on Friday in view of "recent expanded responsibilities within his other business interests," HSBC said. He will resign as chairman of HSBC North America on the same day. ...
- Yahoo buying Tumblr for $1.1 billion, vows not to screw it up
