(Reuters) - It expects to refile the merger notification to the European Commission in the coming weeks, the company said.
Read more at Reuters.com Mergers News
Sunday, April 22, 2007
UPDATE 1-Barclays agrees to buy ABN, to sell LaSalle
(Reuters) - AMSTERDAM/LONDON, April 23 - British bank Barclays has agreed to buy Dutch rival ABN AMRO in a deal worth just over 67 billion euros , the biggest bank takeover to date, the two banks said on Monday.
The banks said they had agreed to sell ABN's Chicago-based U.S. bank LaSalle to Bank of America for $21 billion. That deal is conditional on Barclays' purchase of ABN, which is expected to complete in the fourth quarter.
Read more at Reuters.com Mergers News
The banks said they had agreed to sell ABN's Chicago-based U.S. bank LaSalle to Bank of America for $21 billion. That deal is conditional on Barclays' purchase of ABN, which is expected to complete in the fourth quarter.
Read more at Reuters.com Mergers News
Asian Shares Gain as Earnings Damp Economic Concern; JFE, Exporters Climb
(Bloomberg) -- Asian stocks rose for the second day, led by exporters, after earnings reports damped concern the global economy is headed for a slowdown.
JFE Holdings Inc. and Nippon Steel Corp., Japan's two largest steelmakers, climbed after the Nikkei newspaper said their pretax profits may increase to records. Higher earnings also lifted shares of Harbin Power Equipment Co., the nation's biggest maker of electricity-generation equipment.
Read more at Bloomberg Stocks News
JFE Holdings Inc. and Nippon Steel Corp., Japan's two largest steelmakers, climbed after the Nikkei newspaper said their pretax profits may increase to records. Higher earnings also lifted shares of Harbin Power Equipment Co., the nation's biggest maker of electricity-generation equipment.
Read more at Bloomberg Stocks News
Australian Stocks Fall, Led by St George, Commonwealth Bank; Lihir Plunges
(Bloomberg) -- Australian stocks declined, led by St George Bank Ltd. and Commonwealth Bank of Australia, on concern last week's gain outstripped their earnings potential.
Lihir Gold Ltd. declined after it sold A$972 million ($813 million) shares at a discount.
Read more at Bloomberg Stocks News
Lihir Gold Ltd. declined after it sold A$972 million ($813 million) shares at a discount.
Read more at Bloomberg Stocks News
In Case You Missed It: Charts Show the 22-Year Treasury Bond Rally Is Over
(Bloomberg) -- The biggest bull market in U.S. Treasury bonds is over, according to the analysts who rely on historical price patterns to make their assumptions.
The proof that it now pays to be bearish can be found in financial futures based on the government's 4 3/4 percent bond maturing in 2037, a benchmark for the almost 23-year rally that began in May 1984 and ended on April 6, says John Kosar, president of Asbury Research in Lake in the Hills, Illinois. That's when the price of 30-year Treasury bonds for delivery on the Chicago Board of Trade fell below 110 20/32 and signaled a new direction for the market, he said.
Read more at Bloomberg Bonds News
The proof that it now pays to be bearish can be found in financial futures based on the government's 4 3/4 percent bond maturing in 2037, a benchmark for the almost 23-year rally that began in May 1984 and ended on April 6, says John Kosar, president of Asbury Research in Lake in the Hills, Illinois. That's when the price of 30-year Treasury bonds for delivery on the Chicago Board of Trade fell below 110 20/32 and signaled a new direction for the market, he said.
Read more at Bloomberg Bonds News
Eurotunnel, Ozarow Business Centre, South Korean Corporates: Bankruptcy
(Bloomberg) -- A Eurotunnel Plc shareholder group in the U.K. may go to court to try to prevent the Channel tunnel operator from canceling travel perks granted at the company's flotation in 1987.
The Eurotunnel Foundation Shareholders' Action Group said it is ``committed to following any necessary legal action'' to preserve unlimited free-travel rights given to 4,000 of the first shareholders. The group made the statement in a letter published April 20 in the London-based Times newspaper.
Read more at Bloomberg Bonds News
The Eurotunnel Foundation Shareholders' Action Group said it is ``committed to following any necessary legal action'' to preserve unlimited free-travel rights given to 4,000 of the first shareholders. The group made the statement in a letter published April 20 in the London-based Times newspaper.
Read more at Bloomberg Bonds News
U.S. Companies Plan to Slow Hiring, Capital Spending as Pessimism Grows
(Bloomberg) -- U.S. companies plan to slow hiring in the next six months and limit capital spending as they grow more pessimistic about economic growth, a survey by the National Association for Business Economics found.
Fewer firms plan to increase staff compared with the prior survey while more expect to reduce payrolls, leading to the lowest net employment reading in at least two years, the NABE reported today. Thirty-seven percent of executives in the April survey said they plan to boost capital spending in the next 12 months, down from 43 percent in the January survey.
Read more at Bloomberg Bonds News
Fewer firms plan to increase staff compared with the prior survey while more expect to reduce payrolls, leading to the lowest net employment reading in at least two years, the NABE reported today. Thirty-seven percent of executives in the April survey said they plan to boost capital spending in the next 12 months, down from 43 percent in the January survey.
Read more at Bloomberg Bonds News
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