Devon Said to Near Deal to Buy GeoSouthern Energy for $6 Billion Bloomberg Devon Energy Corp. is near an agreement to buy closely held GeoSouthern Energy Corp. for about $6 billion, according to a person familiar with the transaction. A deal may be announced as soon as this week, said the person, who asked not to be identified ... | |
SEC worker is charged with making false statements about his financial holdings Washington Post A federal employee tasked with keeping the securities industry honest was arrested Tuesday and charged with making false statements about his financial holdings. Steven Gilchrist, a longtime employee with the Securities and Exchange Commission in New ... | |
Johnson & Johnson in $2.5B hip-device settlement USA TODAY WASHINGTON — Johnson & Johnson said late Tuesday that it will pay $2.5 billion to settle thousands of lawsuits brought by hip replacement patients who accuse the company of selling faulty implants that led to injuries and additional surgeries. | |
Asian Stocks Fall, Led by Australian Banks, WorleyParson Bloomberg Asian stocks swung between gains and losses after Federal Reserve Chairman Ben S. Bernanke said low U.S. interest rates will continue long after the central bank ends its program of bond buying. Australian banks fell. Australia & New Zealand Banking ... | |
Japan October exports log biggest annual rise in three years Reuters TOKYO (Reuters) - Japanese exports logged their biggest annual increase in three years in October spurred by a weak yen and a gradual pickup in global demand, boding well for the outlook of the world's third-largest economy. The 18.6 percent increase in ... | |
RBA Saw Signs Low Rates Working as It Keeps Cut Option: Economy Bloomberg Australia's central bank said there was "mounting evidence" interest-rate cuts were working, even as it retained the option of loosening policy to support growth in an economy battling an "uncomfortably high" currency. "Given the substantial degree of policy ... | |
Yahoo Boosts Share Buyback by $5 Billion Bloomberg Yahoo! Inc. boosted its share buyback plan by $5 billion, returning more cash to shareholders as Chief Executive Officer Marissa Mayer seeks to revive growth at the largest U.S. Internet portal. Yahoo will also raise $1 billion in convertible debt funding ... | |
European carmakers see 2 straight months of growth, raising hopes that worst is ... Fox News MILAN – The European car market may have seen the bottom. The European carmaker's association reported Tuesday that EU passenger car sales rose in October for the second consecutive month. It is the first time since September 2011 that European car ... | |
Murdoch divorce close to being finalized New York Daily News A big bucks divorce battle between billionaire media mogul Rupert Murdoch and wife Wendi Deng is coming to a quiet and amicable end. Lawyers for the News Corp. owner and his third wife are working out the final details of a divorce settlement that they ... | |
Healthcare plan enrollment surges in some states after rocky rollout Los Angeles Times WASHINGTON — Despite the disastrous rollout of the federal government's healthcare website, enrollment is surging in many states as tens of thousands of consumers sign up for insurance plans made available by President Obama's health law. A number ... | |
DSM to create new pharma services firm with JLL in $2.6 billion deal Reuters AMSTERDAM (Reuters) - Dutch food and chemicals group DSM (DSMN.AS) said on Tuesday it was spinning off its pharmaceuticals division in a $2.6 billion deal with private equity firm JLL, pushing DSM's shares up more than 3 percent. The new company ... | |
Port truck drivers from 3 firms on strike Los Angeles Times Port truck drivers from three Carson-based firms went on strike Monday, alleging unfair labor practices by their employers, union organizers said. Truck drivers from Green Fleet Systems allege their employer has in recent months retaliated against them for ... | |
Dropbox Is Said to Seek $250 Million in Funding, Doubling Its Valuation New York Times Drew Houston, founder and chief executive of Dropbox, an online storage company. Stephen Lam/Reuters Drew Houston, founder and chief executive of Dropbox, an online storage company. Online storage, once a backwater of the Silicon Valley technology ... | |
EU October New Car Registrations Accelerate, Despite Weak Industry Wall Street Journal European Union new car registrations rose in October from a year earlier, sparking hopes the industry's recovery in the region will gain traction, despite cautious forecasts by most car makers. This was the first time demand for new cars rose for two ... | |
Asia stocks muted as reality check taken on gains Milwaukee Journal Sentinel A board above the trading floor of the New York Stock Exchange shows the Standard & Poor's 500 index above 1,800, Monday, Nov. 18, 2013. The DJIA crossed 16,000 points for the first time early Monday and the Standard & Poor's 500 index crossed 1,800 ... | |
GLOBAL MARKETS-Most US stocks retreat after new highs, dollar falls Reuters ... slideshows. * Hong Kong-listed Chinese shares rise 5.7 pct on reform agenda. * European stocks rally after early stumble, Wall Street jumps, stalls. * China reforms help growth currencies; dollar, yen fall. By Herbert Lash. NEW YORK, Nov 18 (Reuters) ... | |
UPDATE 1-Saudi Arabia may be overcoming addiction to oil-fired power Reuters ... slideshows. * Saudi monthly crude exports at highest since November 2005. * Production averages nearly 10 mln bpd from June-September. * More oil production brings more gas to save crude for export. * Cooler weather, more gas, less energy waste help ... | |
RPT-Nokia shareholders expected to approve Microsoft deal Reuters By Ritsuko Ando. HELSINKI Nov 19 (Reuters) - Nokia shareholders are expected to approve the sale of its mobile phone business to Microsoft on Tuesday, with the deal's financial benefits likely to outweigh resistance from a minority of investors upset over ... | |
NYC to ban tobacco sales to anyone under age 21 Wall Street Journal NEW YORK — New York City Mayor Michael Bloomberg planned to sign landmark legislation banning the sale of tobacco products to anyone under age 21, making the Big Apple the first large city or state in the country to prohibit sales to young adults. | |
Tesla defends Model S safety as stocks plunge Reuters TOKYO (Reuters) - Tesla Motors Inc (TSLA.O) on Tuesday stood by the safety of its electric cars as the U.S. company's shares continue to sink after reporting a third fire in its Model S luxury sedan. Speaking to reporters ahead of this week's Tokyo Motor Show, ... | |
New-Look Best Buy Is Poised to Deliver Wall Street Journal That wasn't the case a year ago. Back then, the electronics retailer was on the ropes, and Wall Street was beginning to question whether it could survive. A mid-November 2012 presentation to analysts on Best Buy's plans from its newly installed chief ... | |
OECD Economic Growth Stalls Wall Street Journal Growth in the developed economies was unchanged in the third quarter, as accelerations in the U.S. and U.K. were offset by slowdowns in Japan and the euro zone. The Organization for Economic Cooperation and Development Monday said the combined ... | |
Earnings Preview: Home Depot 3Q Businessweek NEW YORK (AP) — Home Depot puts up third-quarter numbers before the market opens Tuesday, and investors will be looking for any hint that rising mortgage rates and a more subdued housing market will affect sales. Data provider CoreLogic this month ... | |
Futures rise to start week heavy with housing data Businessweek NEW YORK (AP) — Stock futures are rising again in a week that will be loaded with new data on the housing market and minutes from the Federal Open Market Committee. Dow Jones industrial futures are up 56 points to 15,969. S&P futures have gained 3.3 ... | |
Yuan little changed as PBOC keeps firm hand on currency Economic Times Spot yuan traded at 6.0915 near midday, virtually unchanged from the previous close. It traded within a very tight range between 6.0920 and 6.0915 in the morning. ET SPECIAL: Save precious time tracking your investments. HONG KONG: China's yuan was ... | |
European Economics Preview: Germany ZEW Economic Sentiment Due RTT News Economic sentiment survey results from Germany and the Economic Outlook report from the Organisation for Economic Co-operation and Development are due on Tuesday. At 2.00 am ET, the European Automobile Manufacturers' Association is set to issue ... | |
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