From The Times
December 24, 2008
Collapse of Whittard and Officer’s Club threatens hundreds more jobs
Whittard of Chelsea, the 122-year-old tea and coffee chain, went into administration yesterday as the British high street braced itself for a Christmas bloodbath.
Whittard’s 138 stores will stay open at least until the end of the year after the company’s administrator, Ernst [...]
LONDON (MarketWatch) — InBev said it’s completed the acquisition of St. Louis brewer Anheuser-Busch paying the agreed-upon $52 billion, or $70-a-share, price. The new Anheuser-Busch InBev will start trading on the Euronext Brussels exchange on Friday.
http://www.marketwatch.com/news/story/InBev-completes-52-billion-Anheuser/story.aspx?guid={E3F746C7-2FC6-4E41-9F13-B450B1F169D2}
Here come the price hikes. Even as oil went up and back down the price of Bud never changed. InBev [...]
NEW YORK (MarketWatch) — Wachovia Corp. said on Wednesday it lost a stunning
$23.9 billion in the third quarter as it took a massive impairment charge for it
acquisition by Wells Fargo, and added more than $6 billion to its credit loss
provisions.
The company (WB) reported a total third-quarter loss of $23.9 billion, or $11.09
a share. In the [...]
The biggest one gives banks unfettered ability to use “tax losses” of banks acquired. The restrictions have been completely lifted. This change greatly benefits Wells Fargo and allows Paulson’s cronies at Wells Fargo to take $74 billion in write-downs in its acquisition of Wachovia. The former law would have allowed $18.6 billion. This is a [...]
BOSTON (MarketWatch) — Fox-Pitt Kelton analyst David Trone on Wednesday said he
expects Merrill Lynch , which has agreed to be acquired by Bank of America Corp.
, to report total quarterly write-downs of $8.5 billion. “In likely its last
quarter before its pending acquisition by Bank of America, Merrill Lynch is
almost certainly going to post its fifth [...]
Microsoft Open To Yahoo Talks Despite Google Pact -Reuters
Last Update: 6/13/2008 2:43:21 PM
DOW JONES NEWSWIRES
Microsoft Corp. (MSFT) is still open to discussing an offer with Yahoo Inc.
(YHOO) despite its search-advertising pact with Google Inc. (GOOG), Reuters
reported Friday, citing a source. Microsoft lost interest in a full acquisition
of Yahoo because of fears the deal wouldn’t get [...]
SAN FRANCISCO (MarketWatch) — Activist investor Carl Icahn has been cleared by
the Federal Trade Commission to make large purchases of Yahoo Inc. stock as part
of his effort to launch a proxy fight to replace the company’s board of
directors, according to a Reuters report Friday. Icahn has nominated his own
slate of candidates for Yahoo’s board, in [...]
Co issues the following statement in response to the announcement by Microsoft (MSFT) that it is continuing to review potential transactions with Yahoo!: “Yahoo! has confirmed with Microsoft that it is not interested in pursuing an acquisition of all of Yahoo! at this time. Yahoo! and its Board of Directors continue to consider a number [...]
Microsoft plus Yahoo: Is it really over?
By John Letzing, MarketWatch
Last Update: 5:31 PM ET May 4, 2008
SAN FRANCISCO (MarketWatch) — With the Microsoft Corp. acquisition offer that
buoyed its stock now a thing of the past, and a more intimate relationship with
dominant rival Google Inc. on the horizon, Yahoo Inc. may face an uncertain
future.
While Microsoft (MSFT) [...]
BofA To Expand Efforts To Help Countrywide Borrowers >BAC CFC
Last Update: 4/28/2008 1:23:56 PM
LOS ANGELES (AP)–Bank of America Corp. (BAC) says it will expand efforts to help
Countrywide Financial Corp. (CFC) borrowers avoid foreclosure on trouble
mortgages.
The announcement came Monday as members of the Federal Reserve Board began two
days of public hearings on Bank of America’s proposed [...]
Co reports total quarterly gold production of approx 90,000 ounces at Northgate’s three operating mines at an average net cash cost of production of $347 per ounce. Total gold production is forecast to be 425,000 ounces: 236,000 ounces at Kemess; 112,000 ounces at Stawell; and, 77,000 ounces at Fosterville. Gold production attributable to Northgate from [...]
Cramer then welcomed Peter Marrone, chairman and CEO of Yamana Gold (AUY - Cramer’s Take - Stockpickr), a stock which he owns for Action Alerts PLUS, to the show to discuss the company’s recent production problems.
Marrone called Yamana’s disappointing quarter a transition period due to its recent large acquisition. He defended the acquisition, saying [...]
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