Barclays leads the FTSE higher on $10bn disposal talk
Barclays is leading the way forward on reports it was planning to sell its asset management arm to US group Blackrock for up to $10bn.
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Seagate Technology to cut 1100 jobs
Hard disk drive and storage company Seagate Technology plans to cut about 1100 more jobs, or 2.5 percent of its work force. The Scotts Valley, Calif.
Appeals Court Upholds Procter & Gamble Patent Rights On Actonel
WASHINGTON -(Dow Jones)- A US appeals court Wednesday upheld a lower court ruling that protected Procter & Gamble Co.’s (PG) patent rights to osteoporosis drug Actonel, which were under attack from generic competitor Teva Pharmaceuticals Industries …
Liz Claiborne Results Raise Questions About Retailer’s Future
NEW YORK -(Dow Jones)- Liz Claiborne’s (LIZ) future is being questioned after the fashion retailer posted a sharply wider first-quarter loss and sees a similar performance for the current quarter as the company is stymied by a lack of customers, …
MGM Eyes $1.5B Of Sr Secured Bonds To Repay Debt
By Kate Haywood Of DOW JONES NEWSWIRES MGM Mirage (MGM), the casino company controlled by billionaire investor Kirk Kerkorian, plans to raise $1.5 billion in the junk bond market Wednesday as it takes advantage of increased investor appetite for …
Frontier Commun Can Learn A Lot From Fairpoint-Verizon Deal
By Roger Cheng Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–Fairpoint Communications Inc.’s (FRP) current struggles may portend tough times ahead for Frontier Communications Corp.
Many AIG Risk Managers Got Bonuses, Retention Payments Since Bailout
By LIAM PLEVEN Many risk managers who remain at American International Group Inc. since the September federal bailout received performance bonuses, retention payments or both since then, according to a May 4 letter to a member of Congress.
For Intel, Lessons From Microsoft In EU Showdown
By Benjamin Pimentel With the stunning European Union antitrust ruling, Intel Corp. (INTC) joined Microsoft Corp. (MSFT) as the two US technology titans to get slammed with a hefty fine and branded a big bully in the marketplace.
Wells Fargo discusses TARP in Philly conference call
By Mike Armstrong Wells Fargo & Co. chief executive officer John G. Stumpf had a pretty good reason why he couldn’t fly from his San Francisco home to give a speech before Philadelphia’s business community yesterday.
Buffett’s investment fund in loss
Celebrated US financier Warren Buffett has seen his investment firm report its first loss in eight years due to a badly-timed purchase of oil stocks.