Quest Software Inc. said Monday it plans a "modified Dutch auction" tender offer to buy back about $150 million worth of its common shares. The business software maker said the offer covers up to 10.7 million shares, or about 11.3 percent ...Read More
Nov. 19 (Bloomberg) -- The U.S. Treasury Department saidthat within the next month it will auction off warrants in threebanks that have repaid government assistance -- JPMorgan Chase &Co., Capital One Financial Corp. and TCF Financial Corp. The auctions will be ...Read More
Nov. 19 (Bloomberg) -- Gap Inc., the operator of the OldNavy and Banana Republic clothing chains, reported third-quarterprofit rose 25 percent as inventory declined, and said it plansto buy back more stock. Net income climbed to $307 million, or 44 cents ...Read More
Shares of mobile manufacturer Palm rose on Friday in response to rumors that the beleaguered company would be bought by worldwide global mobile giant Nokia. But is there any sense to that business decision? Palm is no stranger to rumors about a ...Read More
Nov. 13 (Bloomberg) -- Liberty Global Inc., theinternational cable company controlled by billionaire JohnMalone, agreed to buy Unitymedia GmbH in a deal valued at about3.5 billion euros ($5.2 billion). Liberty Global will buy all Unitymedia shares for 2 billioneuros and will ...Read More
General Electric swung into focus this morning with two upgrades being bestowed on the industrial giant. Bernstein and Oppenheimer cited, among other things, an expected improvement in GE Capital and the potential for stock buybacks, increased dividends and smart acquisitions, as ...Read More
NEW YORK (Dow Jones)--Best Buy Co. (BBY) has acquired warrants that will allow it to buy Sonic Solutions (SNIC) common shares, as part of a pact for the electronics retail giant to start selling products carrying the increasingly popular video-on-demand ...Read More
INDIANAPOLIS—Restaurant operator The Steak n Shake Co. said it sold a subsidiary to Western Sizzlin Corp. for $38.8 million. Both restaurant operators said the purchase price is based on $13.67 per share for 2.8 million shares outstanding of Western Sizzlin as ...Read More
A downgrade of Goldman Sachs Group Inc. by influential bank analyst Meredith Whitney rattled financial stocks Tuesday, a day before major banks start reporting their earnings. Goldman Sachs fell $3.78, or 2 percent, to $186.37 in afternoon trading after Whitney downgraded ...Read More
(Adds the expiry of the lockup period on ICBC's shares and analysts comments on Huijin's moves.) SHANGHAI (Dow Jones)--Central Huijin Investment Ltd., an investment arm of China's $300 billion sovereign wealth fund, will continue buying shares in the country's three largest ...Read More
Oct. 12 (Bloomberg) -- China’s $300 billion sovereignwealth fund said it will continue increasing its stakes in thenation’s three biggest lenders, seeking to bolster investorconfidence after Chinese shares fell last quarter. Central Huijin Investment Co., a unit of China InvestmentCorp., “recently” ...Read More
NEW YORK—An analyst Friday upgraded AK Steel Holding Corp. shares, which recently have declined to the point where they offer an attractive value for investors. Deutsche Bank analyst David S. Martin upgraded shares of the West Chester, Ohio, company to "Buy" ...Read More
NEW YORK (Dow Jones)--A Comcast Corp. (CMCSA) acquisition of part or all of NBC Universal would fulfill the cable giant's push to expand in content, but it would likely come at a steep price and draw fire from the company's ...Read More
(Reuters) - Shares of Israel-based maker of video network infrastructure Radvision (RVSN.O) fell as much as 37 percent as its key customer Cisco (CSCO.O) agreed to buy Norway's Tandberg (TAA.OL) for $3 billion in cash, prompting at least two brokerages ...Read More
LOUSIVILLE, Ky.—Yum! Brands Inc., which operates Taco Bell, KFC and other fast-food chains, on Wednesday said will buy back $300 million in share repurchases. The company said it has returned $6 billion to shareholders over 10 years through share repurchases. The company ...Read More
(Reuters) - Outdoor-products retailer Gander Mountain Co (GMTN.O) said it intends to go private, with two of its largest shareholders agreeing to buy out shares held by the remaining shareholders, sending its stock up as much as 37 percent. Shares of ...Read More
* To reduce no. of shareholders to less than 300 * Says 2 largest shareholders to buy remaining stock * Expects transaction to be completed in early 2010 Sept 28(Reuters) - Outdoor-products retailer Gander Mountain Co(GMTN.O) said it intends to go private, ...Read More
* EA shares rose Wed on unsubstantiated talk of M'soft interest * Microsoft exec declines comment on if held talks with EA (Updates with executive quote, background) CHIBA, Japan, Sept 24 (Reuters) - Microsoft Corp (MSFT.O) hasno plans to acquire Electronic ...Read More
SAN FRANCISCO (Reuters) - Smartphone maker Palm Inc (PALM.O) said it increased the size of its planned stock offering and expects to raise $313.1 million. The offering was increased to 20 million shares from 16 million and was priced at $16.25 ...Read More
NEW YORK — An analyst added consumer and leisure products company Jarden Corp. to a list of preferred stocks on Wednesday, saying robust sales are forthcoming for the maker of coffee makers, heating pads and health merchandise, among other items. Goldman ...Read More
