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Date: 09 October 2007
By Bloomberg News
Bloomberg News
The European Union said the Thomson Corporation’s plan to buy the Reuters Group raised competition concerns for the supply of financial information.
Date: 09 October 2007
By Bloomberg News
Bloomberg News
Florida’s largest private landowner plans to eliminate more than 75 percent of its work force, sell about 100,000 acres of land and scrap its dividend.
Date: 09 October 2007
By Bloomberg News
Bloomberg News
The Royal Bank of Scotland, Banco Santander and Fortis won control of ABN Amro, the biggest Dutch bank, after shareholders backed a buyout bid valued at $101 billion.
Date: 09 October 2007
By Bloomberg News
Bloomberg News
America’s largest truck-leasing company said yesterday that its third-quarter earnings would be less than it forecast as demand fell for freight-hauling trucks.
Date: 09 October 2007
By The New York Times
Amanda Congdon, who made news last year when she graduated from the webcast news show “Rocketboom” to ABCNews.com, is making news now because ABC News declined to renew her video-blogging contract
Date: 09 October 2007
By Bloomberg News
Bloomberg News
Symbion Health, the biggest health care company in Australia, agreed to be broken up and sold to Healthscope and two buyout companies for as much as 3.1 billion Australian dollars ($2.8 billion), reviving a plan blocked by its biggest shareholder a month ago. Healthscope will pay as much as 1.7 billion Australian dollars for Symbion’s 270 medical and diagnostic centers, while Archer Capital and Ironbridge Capital will buy the company’s drug distribution and vitamin business for 1.4 billion Australian dollars, Healthscope said. The deal was blocked this year by Primary Health Care, which had made an earlier bid that was rejected and held a 20 percent stake in Symbion.
Date: 10 October 2007
By Bloomberg News
Bloomberg News
Berkshire Hathaway, controlled by Warren E. Buffett, sold shares of the PetroChina Company, the biggest oil producer in China, valued at 2.8 billion Hong Kong dollars ($364 million). Berkshire sold 220.5 million shares at an average of 12.80 Hong Kong dollars a share on Sept. 25, cutting its stake to 5.44 percent of the stock not controlled by the Chinese government, according to a filing with the Hong Kong stock exchange. Mr. Buffett has sold almost half of his holding this year, according to calculations based on filings and Berkshire’s annual report. The stock has jumped sevenfold since Berkshire bought its stake in April 2003.
Date: 10 October 2007
By Bloomberg News
Bloomberg News
Yahoo will buy 10 percent of the shares in the Hong Kong initial public offering of Alibaba.com, the business-to-business unit of China’s biggest online retailer, according to a preliminary document. Alibaba.com and its parent, the Alibaba.com Corporation, will offer 858.9 million shares, or a 17 percent stake in the unit, which helps businesses buy and sell products to each other, according to the document. The stock’s listing is scheduled for Nov. 6. Yahoo already owns a 40 percent stake in the Alibaba.com Corporation.
Date: 09 October 2007
By Bloomberg News
Bloomberg News
Bang & Olufsen, a maker of luxury consumer electronics, said first-quarter profit rose 59 percent on a 6 percent increase in sales. The company said it earned 57.6 million kroner ($11 million) in the three months through August from 36.2 million kroner a year earlier. Sales rose to 926.4 million kroner. Bang & Olufsen, based in Denmark, said a lower tax rate and an increase in the number of Bang & Olufsen stores it operates contributed to the improved results. Wholesale revenue in the United States rose 25 percent, partly as a result of sales of a new television, the BeoVision 7, a 40-inch TV with DVD with a suggested retail price of $13,250.
Date: 09 October 2007
By Bloomberg News
Bloomberg News
Voters in Costa Rica, Central America’s second biggest economy, backed a free trade agreement with the United States in a referendum Sunday. With 96.3 percent of the vote counted, 51.6 percent of voters backed the agreement, the independent Supreme Electoral Tribunal said on its Web site. President Óscar Arias, above, the winner of the 1987 Nobel Peace Prize, has staked much of his political agenda on passage of the agreement. A rejection would have been the first time a free trade deal with the United States was refused by any country. Before the voting began, the White House warned that the United States would not renegotiate the accord if it was voted down.