business's Blog

Sinochem approaches Temasek on Potash bid

admin — Tue, 07 Sep 2010 19:46:56 +0000

TORONTO/SINGAPORE (Reuters) – China’s state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada’s Potash Corp , the world’s largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.

http://feeds.reuters.com/reuters/businessNews

HP sues ex-CEO Hurd after his hiring at Oracle

admin — Tue, 07 Sep 2010 19:01:33 +0000

SAN FRANCISCO (Reuters) – Hewlett-Packard Co is suing former Chief Executive Mark Hurd following his hiring by rival technology firm Oracle Corp, court documents showed.

http://feeds.reuters.com/reuters/businessNews

Google to start TV service in U.S. this autumn

admin — Tue, 07 Sep 2010 18:53:01 +0000

BERLIN (Reuters) – Google Inc will launch its service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room.

http://feeds.reuters.com/reuters/businessNews

Boeing not ruling out merger with rival

admin — Tue, 07 Sep 2010 18:42:49 +0000

WASHINGTON (Reuters) – Boeing is “actively” looking at potential acquisition opportunities in response to a changing security environment and will not rule out a merger with another large defense contractor, Boeing’s head of defense said on Tuesday.

SEC probes "quote stuffing" practices: Schapiro

admin — Tue, 07 Sep 2010 18:42:36 +0000

NEW YORK (Reuters) – U.S. regulators are probing certain practices around “quote stuffing,” where large numbers of rapid-fire stock orders are placed and canceled almost immediately, Securities and Exchange Commission Chairman Mary Schapiro said on Tuesday.

http://feeds.reuters.com/reuters/businessNews

Playboy board hires advisers to weigh Hefner bid

admin — Tue, 07 Sep 2010 16:51:16 +0000

NEW YORK (Reuters) – The Playboy Enterprises Inc special board committee tapped to evaluate Hugh Hefner’s offer to take the company private said on Tuesday it retained Raine Securities LLC and Kaye Scholer LLP as its financial and legal advisors, respectively.

Casey’s gets higher bid than Couche-Tard’s, stock up

admin — Tue, 07 Sep 2010 16:51:14 +0000

TORONTO (Reuters) – Casey’s General Stores , the U.S. Midwest convenience-store chain fending off a takeover bid from Canada’s Alimentation Couche-Tard Inc , said on Tuesday it has received a rival proposal, sending its share price soaring.

Analysis: Dubai seen selling assets, issuing bonds to pay debt

admin — Tue, 07 Sep 2010 16:51:12 +0000

DUBAI (Reuters) – Dubai may have to step up asset sales and government borrowing as a heavy debt repayment schedule for state-linked companies over the next few years puts pressure on government finances.

Sinochem approaches Temasek on Potash bid: sources

admin — Tue, 07 Sep 2010 16:51:10 +0000

SINGAPORE (Reuters) – China’s state-owned chemicals group Sinochem Corp has approached Singapore state investor Temasek to join a consortium that may bid for Canada’s Potash Corp , sources with knowledge of the deal said on Tuesday.

Vodafone starts China Mobile stake sale: sources

admin — Tue, 07 Sep 2010 16:51:08 +0000

HONG KONG/LONDON (Reuters) – Vodafone , the world’s largest telecom operator by revenue, launched the sale of its 3.2 percent stake in China Mobile on Tuesday, sources with direct knowledge of the process told Reuters.