U.S. M&A slumps, but strategic deals help fill void
PHILADELPHIA (Reuters) - Merger activity in the United States dropped 29 percent in the second quarter, faring better than the 40 percent global slump, as corporations filled the void left by buyout firms and targeted big consumer brands such as Anheuser-Busch Cos Inc and Wm. Wrigley Jr Co .
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U.S. M&A slumps, but strategic deals help fill void
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U.S. M&A slumps, but strategic deals help fill void
PHILADELPHIA (Reuters) - Merger activity in the United States dropped 29 percent in the second quarter, faring better than the 40 percent global slump, as corporations filled the void left by buyout firms and targeted big consumer brands such as Anheuser-Busch Cos Inc and Wm. Wrigley Jr Co .
View post:U.S. M&A slumps, […]
KB Home posts deeper loss
BOSTON (Reuters) - KB Home , the No. 5 U.S. home builder, posted a deeper quarterly loss on Friday on tumbling revenue as the United States faced its deepest housing slump in months.
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Wall St set to extend losses on oil, banks
NEW YORK (Reuters) - Stock futures fell on Friday as nervousness about record oil prices and the health of banks held sway a day after a 358-point drop in the Dow left it at a 21-month low and on the doorstep of a bear market.
Here is the original: Wall St set to extend […]
Bill Gates says does not think Yahoo deal likely: report
NEW YORK (Reuters) — Microsoft’s Bill Gates told journalist Tom Brokaw he does not think a deal with Yahoo Inc was likely, CNBC reported on Friday.
Read more from the original source: Bill Gates says does not think Yahoo deal likely: report
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U.S. crude, Brent surge to new record above $142
LONDON (Reuters) - U.S. crude and Brent crude surged to new record highs above $142 a barrel on Friday, extending gains from the previous session.
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AIG to lose up to $5 billion from investments: report
NEW YORK (Reuters) - American International Group Inc said it planned to absorb up to $5 billion on losses of sales of investments from a dozen insurance units hit by the subprime meltdown, Bloomberg News reported on Friday.
Read more here: AIG to lose up to $5 billion from investments: report
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Merrill may take $5.4 bln in Q2 writeoffs: Lehman
(Reuters) - Merrill Lynch & Co will likely incur $5.4 billion of write-downs in the second quarter, mainly from its exposure to monolines, said an analyst at Lehman Brothers, who also saw higher quarterly losses at the world’s largest brokerage.
Source:Merrill may take $5.4 bln in Q2 writeoffs: Lehman
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Bristol-Myers could be an acquisition target: Bernstein
(Reuters) - Drugmaker Bristol-Myers Squibb Co could be an acquisition target as the industry gets closer to losing exclusivity on several leading drugs, said a Sanford C. Bernstein analyst, who upgraded the stock to “outperform” from “market-perform.”
Read more: Bristol-Myers could be an acquisition target: Bernstein
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InBev weighs options after Anheuser rejection
BRUSSELS (Reuters) - InBev NV was weighing its next steps on Friday after Anheuser-Busch Cos Inc dismissed its proposed $46.3 billion takeover bid as inadequate, although left the door open for an improvement.
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Oil jumps to new record near $142 as equities wilt
LONDON (Reuters) - Oil leapt to a new record high near $142 a barrel on Friday, extending gains after surging nearly 4 percent in the previous session, as tumbling global stock markets triggered a wider commodities rally.
Credit:Oil jumps to new record near $142 as equities wilt
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U.S. M&A slumps, but strategic deals help fill void
PHILADELPHIA (Reuters) - Merger activity in the United States dropped 29 percent in the second quarter, faring better than the 40 percent global slump, as corporations filled the void left by buyout firms and targeted big consumer brands such as Anheuser-Busch Cos Inc and Wm. Wrigley Jr Co .
View original here: U.S. […]
U.S. M&A slumps, but strategic deals help fill void
PHILADELPHIA (Reuters) - Merger activity in the United States dropped 29 percent in the second quarter, faring better than the 40 percent global slump, as corporations filled the void left by buyout firms and targeted big consumer brands such as Anheuser-Busch Cos Inc and Wm. Wrigley Jr Co .
Originally posted here: U.S. […]
U.S. M&A slumps, but strategic deals help fill void
PHILADELPHIA (Reuters) - Merger activity in the United States dropped 29 percent in the second quarter, faring better than the 40 percent global slump, as corporations filled the void left by buyout firms and targeted big consumer brands such as Anheuser-Busch Cos Inc and Wm. Wrigley Jr Co .
Originally posted here: U.S. […]
InBev to respond after studying Anheuser rejection
BRUSSELS (Reuters) - InBev , the world’s second-largest beer producer by volume, said on Friday it would study a letter from Anheuser-Busch rejecting its proposed $46.3 billion takeover bid before responding.
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