http://www.reportlinker.com/news/finance.rss Thu, 23 May 2013 21:18:28 +0000 (editor@reportlinker.com (Sarah Dunbar)) helpdesk@reportlinker.com Copyright 2013, Reportlinker Zend_Feed http://blogs.law.harvard.edu/tech/rss editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2012/05/US-Food-Chain-PF-Chang-Bought-For-1-1-Billion-718

• PF Chang saw price increases drive away customers
• PF Chang marks largest food chain acquisition since Burger King was purchased in 2010 for $3.3 billion
• Buyout latest in series of restaurant chains purchased by investors

]]> Fri, 04 May 2012 08:02:57 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2012/04/ATandT-Sells-Majority-of-Yellow-Pages-Print-Unit-To-Focus-on-Mobile-703

• AT&T maintains 47% stake in Yellow Pages, rest sold to private equity firm Cerberus
• Yellow Pages saw sales fall 16% in 2011
• AT&T to focus on mobile, TV and internet

]]> Thu, 12 Apr 2012 09:30:40 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2012/04/Buyout-Bid-Avon-Rejects-Coty-s-Second-Offer-Of-10-Billion-695

• Avon says offer not in best interest of company
• 80% of Avon’s revenue comes from overseas
• Purchase would allow Coty to meet its revenue goal of $7 billion

]]> Thu, 05 Apr 2012 12:43:12 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2012/04/Joint-Venture-Philips-Finalizes-TV-Spin-Off-With-TPV-Technology-693

• TVP to take 70% stake in TP Vision; Philips gets 30%
• 3,000 Philips TV employees to be retained in new venture
• Philips television division racked up losses of €1 billion in last 5 years

]]> Wed, 04 Apr 2012 09:42:24 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2012/03/Chinese-Video-Giants-Youku-and-Tudou-to-Merge-680

• Rivals to combine for $1 billion in stock
• Ends lengthy court battle over copyright infringement
• New company to hold one-third share of crowded Chinese market

]]> Fri, 16 Mar 2012 15:59:39 +0000 Finance editor@reportlinker.com (Laurie Juliano-Bachara) http://www.reportlinker.com/news/2012/03/Apple-World-s-Most-Valuable-Company-Worth-500-Billion-673

• Apple shares worth over $540 per share
• Apple exceeds second place corporate giant Exxon by nearly $100 billion
• Apple CEO receives $378 million in payment package

]]> Mon, 05 Mar 2012 13:59:44 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2012/02/Kellogg-To-Pay-PandG-2-7-Billion-For-Pringles-Brand-661

• Pringles buy puts Kellogg in number two global position for savory snacks 
• Pringles expected to bring Kellogg annual sales of $1.5 billion
• Diamond Foods offer to Pringles was terminated earlier this month

]]> Fri, 17 Feb 2012 15:08:20 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2012/02/Japan-s-Big-Electronic-Manufacturers-Register-Record-Financial-Losses-653

• Panasonic could see losses of more than $9.2 billion
• Sharp’s facing losses of $3.8 billion
• Sony may lose upwards of $3 billion

]]> Mon, 06 Feb 2012 11:54:05 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2012/02/Making-History-Facebook-Files-for-IPO-652

• Facebook could be largest technology IPO debut in US history; also 6th largest IPO overall in US and 15th worldwide
• Facebook market cap could reach between $75 billion and $100 billion
• Majority of Facebook’s revenue comes from advertising

]]> Thu, 02 Feb 2012 13:23:45 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2012/01/Pharma-Buyout-Bid-Roche-Offers-5-7-Billion-for-Illumina-645

• Roche puts forth another offer to buy Illumina at $44.30 per share
• Offer 50 times greater than Illumina’s earnings between Sept. 2010 - Sept. 2011
• Bid part of Roche’s plan to increase cancer drug sales

]]> Fri, 27 Jan 2012 11:37:19 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2012/01/Pembina-Purchases-Provident-Energy-for-3-2-Billion-in-Stocks-636

• Pembina and Provident merger creates company worth $8 billion
• Deal blends together Pembina’s gas processing with Provident’s extraction and storage
• Companies combining now while production of oil sands and shale gas is increasing

]]> Wed, 18 Jan 2012 14:55:17 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2011/12/GM-Calls-Game-Over-For-Saab-By-Blocking-Buyout-Bid-From-Chinese-613

• GM blocks sale of Saab to Chinese over concern for intellectural property
• Saab says filing bankruptcy best bet for its creditors
• Saab valued at $3.8 million

]]> Thu, 22 Dec 2011 09:14:38 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/12/BP-To-Touch-250-Million-From-Cameron-International-For-Gulf-of-Mexico-Oil-Spill-608

• Cameron International will pay $250 million to BP for Gulf of Mexico oil spill cleanup costs and individual damage claims
• Deepwater Horizon disaster could cost BP $40 billion in total
• BP required to evaluate pollution control technologies

]]> Tue, 20 Dec 2011 13:55:14 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/12/MandA-Eldorado-Gold-to-Buy-European-Goldfields-for-2-4-Billion-607

• Deal will create a company with an $11 billion market capitalization
• Eldorado predicts production will exceed 1.5 million ounces of gold by 2015
• Gold sector sees growing trend toward consolidation

]]> Tue, 20 Dec 2011 13:52:14 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/12/Morgan-Stanley-To-Shed-1-600-Staff-In-2012-601

• Banking sector sheds 125,000 jobs in 2011 amid market volatility
• Morgan Stanley to relocate 80 Singapore back-office workers
• Morgan Stanley agrees to drop MBIA insurance claims for over $1 billion

]]> Fri, 16 Dec 2011 15:34:14 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2011/12/Financial-Filing-Lets-Olympus-Avoid-Removal-From-Tokyo-Stock-Exchange-599

• Olympus files 5 years of revised financial statements to avoid automatic removal from Tokyo Stock Exchange
• Olympus being investigated for possibly hiding $1.5 billion over past 13 years
• Future of Olympus unclear as it may need to sell assets or form merger to raise capital

]]> Thu, 15 Dec 2011 16:40:25 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/12/Brazil-Budget-Airline-Gol-Gets-100-Million-Investment-Boost-from-Delta-591

• Delta to take 3% stake in Gol along with board seat
• Gol capital boosted by 280 million reais ($160 million)
• Gol announced 844 million reais ($482 million) net loss in October

]]> Mon, 12 Dec 2011 16:32:45 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/12/JC-Penney-Buys-Part-of-Martha-Stewart-Team-To-Drive-Mini-Stores-and-E-Commerce-585

• J.C. Penney Gains near 17% Stake, 2 Board Chairs from Martha Stewart Living
• Martha Stewart Living Shops to Open in 2013
• J.C. Penney's Holiday Sales Down, Q3 Losses
• J.C. Penney Hires PMK-BNC for Public Relations

]]> Fri, 09 Dec 2011 13:03:02 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2011/12/Can-Saab-Be-Saved-From-Bankruptcy--582

• Saab administrator gives up on restructuring, leaving owner Swedish Automobile one week to respond or be declared bankrupt
• Saab needs to borrow $800 million to cover restructuring costs
• Chinese automakers offered to buy Saab for $135 million earlier this year but GM blocked deal

]]> Thu, 08 Dec 2011 13:22:29 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/12/SAP-SuccessFactors-Merger-Sends-Cloud-Stocks-Skyward-578

• SuccessFactors shares up over 50% after $3.4 billion buyout offer
• Main rival Taleo shares jump over 20% to record high $32.92
• Other software companies shares driven up amid speculation

]]> Wed, 07 Dec 2011 16:33:41 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/12/Financial-Instability-Continues-in-the-EU-as-ECB-Lending-Spikes-577

• ECB lending at 2%, much higher than the 0.74% paid for marketplace funding
• Germany proposes more ECB bond buys, sanctions for overspending
• IMF to protect EU funds, provide $270 billion to EU

]]> Wed, 07 Dec 2011 16:07:40 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2011/12/American-Airlines-Latest-US-Carrier-to-Face-Chapter-11-560

• AMR lost $12 billion since 2001; analysts predict another $1 billion loss before end 2011
• AA debt is at $30 billion, while assets are $25 billion
• AA spends $800 million more in labor expenses than its competitors

]]> Thu, 01 Dec 2011 10:34:02 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/11/IPO-For-Facebook-Targets-100-Billion-555

• IPO to raise $10 billion at value of $100 billion
• 2011 first-half revenues double 2010 figures
• Will soon exceed 500-shareholder limit, be obliged to publish financial results

]]> Wed, 30 Nov 2011 08:31:02 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/11/Microsoft-To-Pay-100M-For-Video-Search-Engine-VideoSurf-556

• VideoSurf video search features to be added to Xbox Live gaming network
• VideoSurf privately owned with backing from Al Gore, Facebook operations chief Sheryl Sandberg and SurveyMonkey chief executive David Goldberg
• Microsoft stepping up efforts to reel in rivals like Apple and Google

]]> Tue, 29 Nov 2011 08:35:14 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/11/KKR-Tops-Leveraged-Buyout-Charts-With-7-2-Billion-Samson-Deal-549

• KKR teams up with Itochu, Crestview and Natural Gas on Samson buyout
• KKR losses total more than $590 million after writing down investments
• Fee-related earnings jump almost $100 million, up $30 million on 2010

]]> Mon, 28 Nov 2011 10:50:57 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2011/11/Virgin-Money-Holdings-Wins-Bid-To-Buy-Northern-Rock-542

• Richard Branson’s Virgin Money Holdings purchases Northern Rock Plc for £747 million ($1.2 million)
• British chancellor says this is the first step in getting government out of bank ownership
• Customers should see no change in service

]]> Tue, 22 Nov 2011 11:18:09 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/11/Online-Review-Site-Angie-s-List-Raises-Almost-115-Million-In-IPO-537

• Review website Angie’s List rose 25% after 9 million share sale
• Angie’s List 2011 revenue tops $62.5 million through September
• Groupon raises $700 million in November IPO, Yelp aims for $100 million

]]> Mon, 21 Nov 2011 11:23:12 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2011/11/US-Retail-Wal-Mart-Profit-Slips-Sales-Still-Strong-534

• Wal-Mart sees 2.9% drop in profit for third fiscal quarter, with net income of $3.3 billion
• Wal-Mart sales up by $8.3 billion
• Layaway makes comeback to encourage holiday spending

]]> Fri, 18 Nov 2011 09:47:06 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/11/Foreign-Banks-Offload-Shares-In-China-s-Banking-Sector-527

• Bank of America earns almost $10 billion in two CCB stake sales
• IMF warns Chinese financial sector is vulnerable
• Obama demands China afford equal opportunity to foreign business

]]> Thu, 17 Nov 2011 08:14:16 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2011/11/US-Banking-Tax-Officials-Demand-Information-On-Swiss-Bank-Clients-515

• IRS seeking information from Credit Suisse on some US customers
• Tens of thousands of Americans suspected of evading taxes via Swiss banks
• Swiss banks working on compliance

]]> Mon, 14 Nov 2011 09:18:17 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/10/Oil-Earnings-Recap-Exxon-Mobil-Shell-Statoil-Eni-498

• Exxon revenue climbs 32% to $125 billion, upstream earnings up 185%
• Shell saw current cost of supply net income rise over 40% to $7 billion in Q3
• Occidental Petroleum up 50%
• Statoil saw 50% jump in adjusted net income, reaching almost $2.1 billion
• Eni logged a near 14% drop in production, but adjusted net revenue climbed almost 20%

]]> Fri, 28 Oct 2011 12:47:10 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/10/Shell-Q3-Profit-Net-Doubles-To-Nearly-7-Billion-496

• Shell's revenue up 33% to $127 billion, net profit up to $6.98 billion
• Shares rise 1.3% to €26.24
• Global oil prices 48% higher than last year

]]> Fri, 28 Oct 2011 08:32:38 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/10/Disappointing-Forecast-For-Nintendo-Says-First-Loss-In-3-Decades-495

• Weak Wii, 3DS sales lead to Q2 loss
• Forecast for 20 billion yen ($264 million) loss
• Post-war high for yen compounds difficulties

]]> Fri, 28 Oct 2011 07:34:56 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/10/Merck-Shares-Rise-to-Three-Year-High-491

• Shares rise 5.2% to €63.09 ($87.76) - biggest rise on Frankfurt Stock Exchange in almost 3 years
• Q3 net profits rise 8% to €226.6 million ($315.2 million)
• Company discontinues seven drug treatment programs

]]> Thu, 27 Oct 2011 12:16:28 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/10/Cigna-Ready-To-Pay-3-8-Billion-For-HealthSpring-493

• Private Medicare Advantage plans make up 25% of Medicare plans
• Cigna currently has Medicare Advantage customer base of 45,000, ranks 5th in US among insurers
• HealthSpring per-member worth well above average at $3,200

]]> Thu, 27 Oct 2011 08:34:46 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/10/Bank-of-America-Reports-Over-6-Billion-Gain-477

• Bank of America gains gain 56 cents per share in third quarter
• JPMorgan Chase & Co report $2.3 trillion assets in third quarter
• Bank of America to shed 30,000 jobs to cut expenses

]]> Fri, 21 Oct 2011 14:16:40 +0000 Finance editor@reportlinker.com (Melina Druga) http://www.reportlinker.com/news/2011/10/Beats-Forecast-Profit-Still-Down-469

• US market sales down, but demand oversees still high
• Pharmaceuticals still company’s highest-performing category
• Customer health care division hurt by product recalls

]]> Thu, 20 Oct 2011 09:18:03 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/10/Citigroup-Profits-Spike-in-Third-Quarter-467

• Citigroup Q3 profits jump to $3.8 billion, exceed expectations
• Bad loan losses drop 41% as consumers save, pay off debt
• Citi Asia, Latin America report double-digit growth

]]> Wed, 19 Oct 2011 13:50:38 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/10/Carrefour-Stocks-Fall-6-Hit-2-Month-Low-461

• Carrefour has cut its profit forecast twice over three months
• Full-year operating income is expected to plummet between 15% and 20%
• Competitor Casino sees third-quarter sales climb 20%

]]> Mon, 17 Oct 2011 14:08:05 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/10/Ofgem-Profits-Questioned-Reform-Sought-463

• Ofgem's $197 profit figure raises energy suppliers' eyebrows
• Regulator clarifies tariff structure to promote competition
• Ofgem proposes minimum 20% of supplier power be auctioned by 2013

]]> Fri, 14 Oct 2011 08:58:24 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/10/ASML-Forecast-Semiconductor-Chip-Sector-Slowdown-Expected-Despite-Solid-Q3-458

• ASML Q3 revenue of €1.46 billion higher than forecasts
• New orders in Q3 fall to €514 million; expected to rise in Q4
• Record sales of over €5 billion expected for 2011

]]> Thu, 13 Oct 2011 13:04:27 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/10/Wall-Street-to-Cut-Bonuses-Jobs-Upon-Third-Quarter-Data-459

• Cash bonuses to drop as profit unlikely to reach $20 billion
• New York City to endure 10,000 job loss in financial sector
• Report suggests 4 to 6% lower ROE due to new regulations

]]> Thu, 13 Oct 2011 13:04:27 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/10/Belgium-to-Nationalize-Local-Dexia-Arm-444

• €4 billion part-nationalization part of wider bailout plan
• Belgium, France, Luxembourg agree 10-year, €90-billion guarantee
• Shares drop 4.7% after suspension of trading

]]> Tue, 11 Oct 2011 15:46:58 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/10/Top-Two-French-Banks-Deny-15-Billion-Capital-Boost-441

• BNP Paribas said newspaper claim it will seek to raise $9.4 billion is untrue
• BNP hopes to reach capital ratio of 9%, 6 years ahead of Basel III schedule
• Societe Generale denies seeking capital of $5.5 billion

]]> Tue, 11 Oct 2011 08:47:16 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/10/Moody-s-Cuts-RBS-Lloyds-on-Government-Support-Fears-439

Moody's downgrades 12 British lenders, including RBS and Lloyds

EU plans recapitalization of $115 billion, Britain unlikely to bailout banks

Lloyds refunds customers for misleading PPI information

]]> Mon, 10 Oct 2011 12:43:40 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/10/Wall-Street-Protests-Gain-Momentum-Across-US-437

• Protests spread to over a dozen US cities
• Labor unions join in movement
• Dallas Fed president voices support; NY Mayor slams protesters

]]> Mon, 10 Oct 2011 10:20:24 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/10/Bank-of-England-Gives-British-Economy-116-Billion-Top-Up-438

• UK economy previously received $310 billion in quantitative easing
• EU Central Bank maintains 1.5% interest rate despite signs of recession
• Bank of England keeps base lending at 0.5%, inflation to reach 5%

]]> Fri, 07 Oct 2011 12:24:33 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/10/Acquisition-Microsoft-Mulling-Renewed-Yahoo-Bid-431

• Microsoft considers partnership to buy out Yahoo says Reuters
• Bloomberg says Microsoft “nowhere close” to making offer
• Yahoo shares jump almost 10%

]]> Fri, 07 Oct 2011 09:14:58 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/10/US-Car-Sales-Climb-10-in-September-Nissan-Sales-Up-25--422

• September sales for Toyota fell 18%, Honda sales were down 8%
• Ford sales rose close to 10%, General Motors 20%, and Chrysler more than 25% in September
• Italy and Spain hit 15-year low

]]> Wed, 05 Oct 2011 13:40:48 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/10/Shaky-Kodak-Moment-as-Bankruptcy-Fears-Stir-427

• Shares drop by 54% as Kodak hires bankruptcy expert
• Shareholders reassured bankruptcy not imminent
• Last profit posted in 2007

]]> Tue, 04 Oct 2011 07:43:09 +0000 Finance editor@reportlinker.com (Christelle Agboka) http://www.reportlinker.com/news/2011/09/Free-Checking-Accounts-Soon-A-Thing-of-the-Past--416

• Free checking accounts offered by US banks down 20% to 45%
• Banks are under financial constraints and trying to compensate
• Denver and Miami lead nation in overdraft fees

]]> Thu, 29 Sep 2011 09:22:03 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/09/UK-Voices-Reservations-About-EU-Commission-Financial-Tax-393

• EU tax on financial transaction would raise $80 billion a year
• 80% of revenue from financial tax would come from London
• G20 heads propose 50% Greek debt write-down

]]> Wed, 28 Sep 2011 15:05:22 +0000 Finance editor@reportlinker.com (S. W. Mudie) http://www.reportlinker.com/news/2011/09/Nintendo-Unveils-New-Games-Share-Price-Still-Fails-To-Rise-382

• Dramatic price cut for 3DS games device saw sales increase by 260% in August
• New titles said to lack “wow” factor needed to turn company fortune around
• Casual gamers now often content to play on their mobile phones

]]> Tue, 27 Sep 2011 07:30:34 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/09/Acquisition-United-Technologies-to-Pay-16-5-Billion-for-Goodrich-378

• Acquisition means 50% premium on Goodrich share price
• United Technologies absorbs almost $2 billion debt in deal
• Share buybacks suspended for 2012 to offset $12 billion debt

]]> Mon, 26 Sep 2011 12:18:43 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/09/Clean-Energy-Investing-Hits-All-Time-High-of-243-billion-346

• Clean energy backing jumps 30% in 2010, after recession low in 2009
• China produces over 50% world’s photovoltaic modules, 50% wind capacity
• Small-scale project investment increases more than 90%

]]> Tue, 20 Sep 2011 16:33:06 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/09/Central-Banks-Agree-To-Unlimited-Dollar-Loans-343

• Dollar loans create temporary fix to Euro zone debt crisis
• EU seeks rescue fund improval, second Greek bailout
• US Treasuries react to new loan plan

]]> Mon, 19 Sep 2011 14:11:58 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/09/RIM-Shares-Tumble-After-Slow-Q2-Results-342

• RIM shares drop 19% after Q2 profits fall by over half
• Q2 PlayBook tablet sales 40% down on Q1
• RIM confident new QNX smartphone and PlayBook 2.0 tablet platforms will improve sales

]]> Fri, 16 Sep 2011 11:58:54 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/09/UBS-Trader-Arrested-In-Relation-To-2-Billion-Loss-337

• Police arrest UBS trader for bank fraud
• Investors doubt UBS, industry security
• UBS to shed $2.5 billion in employment costs

]]> Fri, 16 Sep 2011 07:25:27 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/08/Manchester-United-to-Sell-Stake-on-Singapore-s-Stock-Exchange-409

• Manchester United applies to list shares on Singapore Exchange (SGX)
• Club aims to raise around $1 billion for up to a 30% stake, which will help ease its $865 million debt
• Large number of United’s top sponsors are based in Asia or conduct business there

]]> Thu, 18 Aug 2011 16:16:38 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/08/Foster-s-Rejects-SABMiller-s-Hostile-Takeover-Bid-389

• Foster’s calls for shareholders to reject hostile takeover bid, says offer is too low
• Takeover requires 90% acceptance from shareholders
• SABMiller bid biggest industry has seen since Heineken’s $7 billion takeover of Mexican company FEMSA in 2010

]]> Thu, 18 Aug 2011 15:51:37 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/08/Yen-Falls-After-Postwar-Record-High-235

• Yen falls again to 76.5 on August 19
• Record Japanese M&A cross-border transactions this year
• 80% of Japanese operating profits come from abroad
• Government announces $100 billion loan fund to weaken yen

]]> Wed, 17 Aug 2011 09:34:24 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/08/Ethan-Allen-Sales-Profits-Up-In-Fourth-Quarter-197

• Ethan Allen reports 9% sales increase in fourth quarter
• Analysts recommend holding stock, CEO “cautiously optimistic”
• Ethan Allen seeks global expansion, hires Arne Borrey as new VP international business

]]> Tue, 09 Aug 2011 16:58:49 +0000 Finance editor@reportlinker.com (Christelle Agboka) http://www.reportlinker.com/news/2011/08/LinkedIn-Revolutionizing-Careers-and-the-Stock-Market--201

• Initial earnings impressive, with profit at $4.5 million and revenue up over 115%
• Shares hit a high of almost $106 on August 3
• LinkedIn could revolutionize both careers and stock market

]]> Fri, 05 Aug 2011 08:45:06 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/08/Williams-Sonoma-to-Make-British-Debut-Next-Year-198

• Williams-Sonoma to open shop in London within first half of 2012
• WSM rating downgraded by S&P and Stock Scouter
• UK becoming popular alternative for overseas expansion

]]> Mon, 01 Aug 2011 14:01:21 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/07/UBS-to-Cut-Jobs-Push-Back-Profit-Target-158

• UBS to alter or remove its 2014 profit target
• European debt crisis blamed for investment bank losses
• UBS CEO announces plans to reduce costs, cut 5,000 jobs

]]> Fri, 29 Jul 2011 08:45:54 +0000 Finance editor@reportlinker.com (S. W. Mudie) http://www.reportlinker.com/news/2011/07/Electronic-Signature-Company-EchoSign-Acquired-by-Adobe-157

• With acquisition of electronic signature firm, Adobe to discontinue its cloud-based electronic signature service
• EchoSign service cuts document signature time to minutes rather than days
• Deal could help improve Adobe's financials following recent downgrade by Goldman Sachs

]]> Fri, 29 Jul 2011 08:22:39 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/07/Fiat-and-Chrysler-Move-Closer-Toward-Merger-153

• Fiat regains majority 54% ownership of Chrysler
• Fiat holds option to buy remaining shares by June 2012
• Investor concern over Fiat debt lowers stock value

]]> Wed, 27 Jul 2011 09:06:00 +0000 Finance editor@reportlinker.com (Stephanie Lagopoulos) http://www.reportlinker.com/news/2011/07/BlackBerry-Maker-RIM-Cuts-2-000-Jobs-178

• BlackBerry maker RIM to cut 11% of global workforce
• First quarter profits plunged 10% with market share down 5%
• RIM stock prices closed at an all-time low in May 2011 after PlayBook recalls

]]> Tue, 26 Jul 2011 14:12:30 +0000 Finance editor@reportlinker.com (Ellsy O'Neill) http://www.reportlinker.com/news/2011/07/Borders-World-Closes-The-Book-on-Print-Sales-141

• Borders closes doors on just under 400 stores, almost 11,000 jobs lost
• Creditors owed more than $270 million
• Digital book sales overtake print copy sales
• Closure opens retail rental space totaling 10 million square feet

]]> Fri, 22 Jul 2011 15:17:15 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/07/Allergan-Strikes-Deal-With-Vicept-Therapeutics-171

• Allergan to acquire Vicept Therapeutics for $75 million
• Vicept's V-101 could be first-approved topical treatment for rosacea
• Cell-based assay will be used for testing Allergan's star product, Botox

]]> Wed, 20 Jul 2011 09:42:10 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/06/Google-Citi-Finance-Breakthrough-Wind-Project-411

• Citi and Google invest $314 for two phases of project
• AWEC will nearly double the power of current largest US wind farm
• Alta to power 450,000 homes after completion

]]> Fri, 24 Jun 2011 16:25:14 +0000 Finance editor@reportlinker.com (C. Williams) http://www.reportlinker.com/news/2011/06/Walmart-Revamps-Share-Plan-Pricing-in-US-245

• Walmart establishes $15 billion share repurchase plan
• Focus on keeping prices low with deals and cost-cutting to attract consumers, encourage spending beyond essentials
• Walmart ranks 6 in list of top 500 retail chains for year-over-year growth

]]> Fri, 10 Jun 2011 14:17:04 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/VisionChina-in-Control-of-China-Subway-Advertising-119

• VisionChina Media announces contract extensions in Guangzhou and Shenyang; new contract in Shenzen
• VisionChina will have over 15,000 advertising screens in Guangdong Province subway stations

]]> Tue, 31 May 2011 08:04:16 +0000 Finance editor@reportlinker.com (C. Williams) http://www.reportlinker.com/news/2011/05/Nestle-Unlikely-to-Buy-General-Mills-404

• Speculation surrounding Nestle's intentions regarding General Mills end
• Only about 14% of General Mills business is of interest to Nestle
• If Nestle had bought General Mills, sales could have reached $40 billion

]]> Thu, 26 May 2011 13:04:57 +0000 Finance editor@reportlinker.com (C. Williams) http://www.reportlinker.com/news/2011/05/Sears-Reports-Surprising-Loss-in-First-Quarter-2011-249

• Sears reported an unexpected loss in sales, falling 3.4%
• Poor customer service is blamed on the decreased sales
• Kmart sales fell by 1.6%

]]> Wed, 25 May 2011 14:21:46 +0000 Finance editor@reportlinker.com (Larisa Redins) http://www.reportlinker.com/news/2011/05/Pfizer-On-Track-To-Meet-2011-Financial-Goals-036

• Pfizer has no plans to release a standout drug in 2011, but expects to reach financial goals
• Pfizer to give more accountability to research scientists, use collaborations to minimize risk and gain access to new technology
• Pfizer to lose exclusive patent on Lipitor, but shares are expected to increase due to new rheumatoid arthritis drug Tofacitinib

]]> Tue, 24 May 2011 08:31:23 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/Sara-Lee-Eyes-Marata-for-Bigger-Stake-in-Brazilian-Coffee-075

• Sara Lee is reported to be in talks with Brazilian coffee maker Marata
• Sara Lee already owns 22% of the Brazilian coffee market
• Brazil is the second-largest coffee market in the world behind the US

]]> Sat, 21 May 2011 09:25:48 +0000 Finance editor@reportlinker.com (C. Williams) http://www.reportlinker.com/news/2011/05/ArcelorMittal-Experiences-a-Surprise-Profit-Gain-in-the-Steel-Production-Industry-353

• First quarter profit for ArcelorMittal is at $2.58 billion
• Demand from auto industry despite higher prices for ore may account for rise in profit
• Raw material prices are anticipated to increase due to growing demand

]]> Fri, 20 May 2011 10:22:40 +0000 Finance editor@reportlinker.com (C. Williams) http://www.reportlinker.com/news/2011/05/BP-Rosneft-Oil-Agreement-Fails-323

• BP unable to reach agreement with AAR and Rosneft to gain access to oil reserves in Russia
• Deal involves Rosneft taking 5% of shares from BP, with BP getting 9.5% of shares from Rosneft
• AAR half owner of joint venture TNK-BP in Russia; says agreement breaks exclusivity contract

]]> Fri, 20 May 2011 09:26:19 +0000 Finance editor@reportlinker.com (C. Williams) http://www.reportlinker.com/news/2011/05/Investment-May-Boost-Ore-Industry-in-Newfoundland-and-Labrador-360

• More than $1 million invested in ore
• Investment in microscope will enhance ore analysis
• Mineral industry has predicted $4.7 billion shipment value for 2011

]]> Thu, 19 May 2011 15:47:58 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/Teva-Targets-Japanese-Generics-Market-with-Taiyo-Bid-128

• Teva buys 57% share in Taiyo for $460 million; will make offer for remaining stake
• Taiyo one of Japan’s biggest generic drug makers, with 2010 sales topping $530 million
• Japan the world’s second-biggest drug market, totaling $96 billion in 2010

]]> Thu, 19 May 2011 09:28:38 +0000 Finance editor@reportlinker.com (Nicole Manuel) http://www.reportlinker.com/news/2011/05/Foreign-Bank-Mutual-Funds-Are-No-Match-for-China-s-Big-Four-081

• Chinese government opens mutual fund and custodian business to foreign competition
• Two-thirds of mutual fund sales in China come from major local banks: Industrial and Commercial Bank of China, China Construction Bank, the Agricultural Bank of China and the Bank of China
• Foreign firms not expecting to make a big dent, but looking to profit from predicted industry jump of 150% by 2015

]]> Wed, 18 May 2011 10:16:36 +0000 Finance editor@reportlinker.com (C. Williams) http://www.reportlinker.com/news/2011/05/Citic-Agrees-to-Buy-Gold-One-for-469-Million-355

• Citic Group acquires Gold On, with plans to take over up to 75% of company
• Acquisition will allow Citic Group to gain ground in South Africa
• Gold One shares soar

]]> Tue, 17 May 2011 08:03:05 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/Irish-Drug-Maker-Elan-Sells-EDT-Unit-To-Alkermes-106

• Elan sells Elan Drug Technologies to Alkermes for $960 million
• Elan will retain 25% stake in the new holding company, which is expected to generate over $450 million in yearly revenue
• Deal will allow Elan to advance strategic objectives and reduce debt

]]> Wed, 11 May 2011 10:28:12 +0000 Finance editor@reportlinker.com (C. Williams) http://www.reportlinker.com/news/2011/05/Pertamina-CNOOC-Agreement-Dissolved-for-Angola-Project-326

• Pertamina and CNOOC end agreement to jointly buy shares in Exxon Mobil's in Angola Project
• Pertamina planned to buy 80%, allowing 10% for CNOOC
• Angola is second after Nigeria in leadership for African oil production

]]> Wed, 11 May 2011 10:18:02 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/Oil-Giants-BP-and-DSM-Invest-in-Verdezyne-Biofuel-301

• BP and Dutch biochemical DSM team up with Verdezyne to develop biofuels
• Investment is latest in growing number of partnerships between oil and chemical giants and smaller biofuel companies
• BP paid $98 million for biochemical startup Verenium at start of 2011

]]> Mon, 09 May 2011 10:08:02 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/AOL-Profits-Plummet-as-Display-Ad-Figures-Rise-120

• AOL profits fall 86% for Q1 2011; revenue down 17% to $552 million
• Display ad revenues rise 4% to $130.5 million
• Acquisition of The Huffington Post, GoViral and TechCrunch could help improve finances

]]> Wed, 04 May 2011 08:19:22 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/Saab-Saved-By-223-Million-Investment-from-Chinese-Carmaker-Hawtai-299

• Privately owned Hawtai invests $223 million in Saab
• Hawtai takes 30% stake in Spyker, Saab’s owner
• If deal is finalized, both Sweden’s main car manufacturers will be Chinese-owned

]]> Tue, 03 May 2011 09:35:19 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/05/Chrysler-Posts-First-Profits-Since-Bankruptcy-298

• Chrysler posts net income of $116 million for first quarter 2011
• Sales increase 18% and revenue rises 35% to $13 billion
• US market share rose slightly from 9.1% to 9.2%

]]> Mon, 02 May 2011 09:25:44 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/PayPal-Acquires-Fig-Card-Steps-Up-Mobile-Payment-Campaign-330

• PayPal buys mobile payment startup Fig Card to gain more ground in m-commerce
• Fig Card smartphone app offers mobile payment services like NFC without expensive hardware costs
• Fig app works on Apple iOS, Google Android and BlackBerry platforms

]]> Fri, 29 Apr 2011 12:48:17 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/US-Retail-Stocks-in-Decline-047

• Poor results and low forecasts for OfficeMax, Liz Claiborne and Urban Outfitters drag US retail stocks down
• Walmart reports 0.6% increase in shares

]]> Thu, 28 Apr 2011 12:07:58 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/European-Carmakers-Boosted-by-Strong-Q1-Profits-297

• Volkswagen reports profit of $2.5 billion in Q1, three times higher than 2010
• Fiat acquires additional 16% stake in Chrysler, narrows in on top automakers
• Volvo, Peugeot-Citroen cut back production due to limited parts from Japan

]]> Thu, 28 Apr 2011 09:19:39 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/Hyundai-Seals-557-Million-JV-in-China-296

• Hyundai signs $557 million joint venture deal with Sichuan Nanjun Automobile Group
• JV aims to produce 160,000 vehicles annually by 2013
• Chinese commercial car market to hit 5.2 million units by 2015

]]> Thu, 28 Apr 2011 09:13:02 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/Amazon-Sales-Soar-in-North-America-046

• Q1 sales for Amazon’s North American sites increased nearly 45% to $5.47 billion
• Amazon international site sales top $4.39 billion
• However, global net income fell to $201 million in Q1, down 33% on last year

]]> Wed, 27 Apr 2011 12:02:51 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/Nokia-Signs-Smartphone-Deal-with-Microsoft-as-Market-Share-Falls-040

• Nokia signs smartphone partnership deal with Microsoft; plans to scrap Symbian OS platform
• Nokia Q1 2011 profits fall 1.4% to $503 million – much better than expected; its global market share drops to 29%
• Apple posts record unit sales of 18.6 million iPhones and $11.9 billion in profit for Q1

]]> Thu, 21 Apr 2011 10:15:26 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/Apple-Profits-Soar-as-iPhone-Sales-Hit-Record-High-039

• Apple’s net profit almost doubles to just under $6 billion
• Revenue jumps 83% to $24.7 billion
• iPhone sales hit record high of 18.65 million units, accounting for almost $12 billion in revenue

]]> Thu, 21 Apr 2011 09:41:46 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/Walmart-Goes-Social-with-300-Million-Kosmix-Purchase-043

• Walmart buys social media company Kosmix for $300 million to create @WalmartLabs
• New group will create technologies for social and mobile commerce to support Walmart’s global multi-channel strategy
• Acquisition predicted to force competitors to invest in social media strategies

]]> Tue, 19 Apr 2011 10:45:29 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/Zacharon-Seals-210-Million-Deal-with-Pfizer-to-Develop-Orphan-Disease-Drugs-057

• Zacharon will provide Pfizer with access to its drug identification technology
• Deal represents major validation for small biotech Zacharon; underscores Big Pharma’s interest in orphan diseases
• Orphan diseases affect over 620 million people around the world

]]> Tue, 12 Apr 2011 14:08:34 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/04/The-New-Face-of-Irish-Banking-020

• €70 billion bill for Irish banking sector bailout
• Irish Life & Permanent will sell life insurance arm to raise €4 billion
• Only Bank of Ireland and Allied Irish Banks to remain in 2015

]]> Mon, 11 Apr 2011 15:08:36 +0000 Finance editor@reportlinker.com (Sarah Dunbar) http://www.reportlinker.com/news/2011/04/Kraft-Foods-Management-Shake-Up-023

• Dr. Peter B. Henry appointed to Board of Directors; David Brearton appointed CFO
• CEO Irene Rosenfeld’s compensation was cut 27% in 2010 to total over $19 million
• Kraft reported 2010 net revenue growth of 27% to $49.2 billion

]]> Fri, 01 Apr 2011 15:28:59 +0000 Finance editor@reportlinker.com (Sarah Dunbar) http://www.reportlinker.com/news/2011/03/GE-Energy-3-2-Billion-Contract-for-Converteam-028

• GE Energy buys 90% of Converteam for $3.2 billion, secures option to buy remaining 10% for $480 million
• Converteam reported revenue of $1.5 billion in 2010 with income from operations totaling over $222 million
• GE Energy revenue was listed at $38 billion in 2010

]]> Thu, 31 Mar 2011 16:07:51 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/03/eBay-Challenges-Amazon-with-2-4-Billion-Bid-for-GSI-Commerce-080

• eBay agrees to $2.4 billion price tag for GSI Commerce
• New deal is eBay’s biggest purchase since Skype in 2005 and PayPal in 2002
• Acquisition should be finalized by third quarter 2011

]]> Mon, 28 Mar 2011 10:11:29 +0000 Finance editor@reportlinker.com (James Mulholland) http://www.reportlinker.com/news/2011/03/PayPal-Daily-Mobile-Transactions-Top-6-Million-029

• PayPal mobile transactions reach $6 million per day
• Mobile transactions in 2011 should top $2 billion, with more than $7.5 billion expected in 2013
• PayPal has 95 million user accounts, and 9 million businesses using their online transaction services in 190 countries

]]> Thu, 24 Mar 2011 08:52:34 +0000 Finance