(Reuters) - Norman was understood to be considering getting together with one or more of the groups, comprising U.S. buyout firms Blackstone Group [BG.UL] and Bain Capital as well as UK-based CVC Capital Partners [CVC.UL] and Cinven [CINV.UL], the newspaper said in an unsourced report.
Comments were not immediately available from Norman, CVC or Cinven.
Read more at Reuters.com Mergers News
Monday, April 30, 2007
Tokyo stocks drop, oil slips in thin trade
(Reuters) - The euro raced to a record high against the yen, boosted by expectations the European Central Bank would raise interest rates in coming months, but trade was thin with most Asian markets and many in Europe shut for national holidays.
Britain's FTSE 100 index was expected to open 13 to 15 points lower, according to financial bookmakers, having closed up 30.5 points, or 0.48 percent, in the previous session.
Read more at Reuters.com Hot Stocks News
Britain's FTSE 100 index was expected to open 13 to 15 points lower, according to financial bookmakers, having closed up 30.5 points, or 0.48 percent, in the previous session.
Read more at Reuters.com Hot Stocks News
Gold Rises in Asian Trading as Dollar Declines Versus Euro; Silver Gains
(Bloomberg) -- Gold rose in Asian trading as the dollar traded near a record low against the euro, boosting the appeal of the precious metal as an alternative investment. Silver also gained.
The dollar fell before the release today of housing figures in the U.S. that may add to signs the world's largest economy is slowing. Gold, which rose to an 11-month high of $694.25 on April 23, has gained 6.5 percent this year, while the euro has risen 3.4 percent against the dollar. Financial markets are closed today in China, South Korea, Hong Kong and Singapore.
Read more at Bloomberg Commodities News
The dollar fell before the release today of housing figures in the U.S. that may add to signs the world's largest economy is slowing. Gold, which rose to an 11-month high of $694.25 on April 23, has gained 6.5 percent this year, while the euro has risen 3.4 percent against the dollar. Financial markets are closed today in China, South Korea, Hong Kong and Singapore.
Read more at Bloomberg Commodities News
Icahn steps up Motorola campaign: WSJ
(Reuters) - The letter is expected to appear in a full-page ad on Tuesday, the Journal said.
Icahn said in late January he was seeking a board seat at Motorola, which has struggled in recent quarters with weak cell phone sales that caused it to post a first-quarter loss. The Motorola shareholder vote is scheduled for May 7.
Read more at Reuters.com Business News
Icahn said in late January he was seeking a board seat at Motorola, which has struggled in recent quarters with weak cell phone sales that caused it to post a first-quarter loss. The Motorola shareholder vote is scheduled for May 7.
Read more at Reuters.com Business News
Anglo American, Oasis, Punch, Sainsbury, Tesco: U.K., Irish Equity Preview
(Bloomberg) -- The following stocks may rise or fall in U.K. and Irish markets today. Stock symbols are in parentheses and prices are from yesterday's market close.
The benchmark FTSE 100 Index rose 30.5, or 0.5 percent, to close at 6449.2 in London as 83 stocks rose, 18 fell and 1 was unchanged. The FTSE All-Share Index gained 14.17, or 0.42 percent, to 3355.6.
Read more at Bloomberg Stocks News
The benchmark FTSE 100 Index rose 30.5, or 0.5 percent, to close at 6449.2 in London as 83 stocks rose, 18 fell and 1 was unchanged. The FTSE All-Share Index gained 14.17, or 0.42 percent, to 3355.6.
Read more at Bloomberg Stocks News
China Manufacturing Activity Grew Most in Two Years in April, Survey Shows
(Bloomberg) -- Manufacturing activity in China expanded at the fastest pace in more than two years in April, according to a survey of purchasing managers released today.
The Purchasing Managers' Index rose to 58.6 from 56.1 in March, the statistics bureau said in an e-mailed statement. That's the highest since the index started in January 2005.
Read more at Bloomberg Emerging Markets News
The Purchasing Managers' Index rose to 58.6 from 56.1 in March, the statistics bureau said in an e-mailed statement. That's the highest since the index started in January 2005.
Read more at Bloomberg Emerging Markets News
TREASURIES-Steady in Asia in holiday-thinned trade
(Reuters) - Investors continued to look for clues on the future path of the Federal Reserve's monetary policy as recent U.S. data has been mixed, with serious weakness in the housing and auto sectors offset by firmness in employment and nonresidential construction.
Activity was likely to be subdued ahead of key U.S. jobs data due on Friday, traders said.
Read more at Reuters.com Bonds News
Activity was likely to be subdued ahead of key U.S. jobs data due on Friday, traders said.
Read more at Reuters.com Bonds News
Japanese 10-Year Bonds Rise for Second Day as Stock Slump Revives Demand
(Bloomberg) -- Japan's 10-year bonds advanced, pushing yields to the lowest in more than a month, after a decline in stocks spurred demand for government debt.
Bonds gained for a second day after shares of exporters slid on a report that showed personal spending rose less than forecast in the U.S., Japan's largest overseas market. A government report last week showed the U.S. economy grew last quarter at the slowest pace in four years, spurring speculation the Bank of Japan will be reluctant to raise interest rates.
Read more at Bloomberg Bonds News
Bonds gained for a second day after shares of exporters slid on a report that showed personal spending rose less than forecast in the U.S., Japan's largest overseas market. A government report last week showed the U.S. economy grew last quarter at the slowest pace in four years, spurring speculation the Bank of Japan will be reluctant to raise interest rates.
Read more at Bloomberg Bonds News
Contact Energy Says Third-Quarter Power Production Declined by 17 Percent
(Bloomberg) -- Contact Energy Ltd., New Zealand's biggest publicly traded energy company, said third-quarter power production fell 17 percent as ample rainfall reduced demand for energy from the company's gas-fired power stations.
Total generation in the three months ended March 31 fell to 2,388 gigawatt-hours, from 2,892 gigawatt-hours a year earlier, the Wellington-based company said in a statement to the New Zealand stock exchange.
Read more at Bloomberg Energy News
Total generation in the three months ended March 31 fell to 2,388 gigawatt-hours, from 2,892 gigawatt-hours a year earlier, the Wellington-based company said in a statement to the New Zealand stock exchange.
Read more at Bloomberg Energy News
UPDATE 1-Rent-A-Center qrtly net income falls on charges
(Reuters) - The largest rent-to-own operator in the United States said that first-quarter net profit was $15.1 million, or 21 cents per share, compared with $40.3 million, or 57 cents per share, a year earlier.
Excluding litigation charges, the company posted earnings of 66 cents a share. That was 1 cent above the average analysts' view of 65 cents, according to Reuters Estimates.
Read more at Reuters.com Market News
Excluding litigation charges, the company posted earnings of 66 cents a share. That was 1 cent above the average analysts' view of 65 cents, according to Reuters Estimates.
Read more at Reuters.com Market News
U.S. Stocks Decline on Economy Concern; Coach Leads Consumer Stocks Lower
(Bloomberg) -- U.S. stocks fell for a third day on increasing signs growth in the world's biggest economy is faltering.
Luxury consumer shares led the retreat as Coach Inc., the biggest U.S. maker of high-end leather handbags, dropped the most in the Standard & Poor's 500 Index. Hilton Hotels Corp. slumped to a six-week low after the company predicted full-year profit that trailed analysts' estimates.
Read more at Bloomberg Stocks News
Luxury consumer shares led the retreat as Coach Inc., the biggest U.S. maker of high-end leather handbags, dropped the most in the Standard & Poor's 500 Index. Hilton Hotels Corp. slumped to a six-week low after the company predicted full-year profit that trailed analysts' estimates.
Read more at Bloomberg Stocks News
Telefonica veto power raises Italian eyebrows
(Reuters) - But that did not stop Italian media from reporting on Monday that the true scale of Telefonica's power was only now appearing in the politically sensitive deal.
"Details are starting to emerge of the real terms of the deal," reported one financial news Web site. "The Spanish company presides over Telco."
Read more at Reuters.com Mergers News
"Details are starting to emerge of the real terms of the deal," reported one financial news Web site. "The Spanish company presides over Telco."
Read more at Reuters.com Mergers News
US STOCKS-Blue chips poised for best month in three years
(Reuters) - NEW YORK, April 30 - The Dow Jones industrial average touched a record high for the fourth straight session on Monday as government data helped soothe inflation worries and the latest earnings results pointed to robust corporate growth.
The S&P and the Nasdaq were nearly unchanged, as some investors took stocks' best monthly performance in three years as a cue to lock in profits by selling their shares. Both the S&P and Nasdaq Composite gained more than 5 percent in April. The Dow is up more than 6 percent.
Read more at Reuters.com Bonds News
The S&P and the Nasdaq were nearly unchanged, as some investors took stocks' best monthly performance in three years as a cue to lock in profits by selling their shares. Both the S&P and Nasdaq Composite gained more than 5 percent in April. The Dow is up more than 6 percent.
Read more at Reuters.com Bonds News
TREASURIES-Prices surge on tame inflation reading
(Reuters) - NEW YORK, April 30 - U.S. government bond prices surged on Monday, buoyed by data showing that inflation might be subsiding closer to the Federal Reserve's presumed target range, while month-end positioning added some support.
The benign inflation reading boosted investor expectations the Fed could start cutting interest rates later this year.
Read more at Reuters.com Bonds News
The benign inflation reading boosted investor expectations the Fed could start cutting interest rates later this year.
Read more at Reuters.com Bonds News
US online help-wanted ads up in April, report says
(Reuters) - "Employers are actively looking for the right workers and a relatively tight labor market is forcing them to maintain aggressive advertising plans," said Gad Levanon, economist at The Conference Board.
"Business sentiment edged up in the first quarter and these indications about hiring plans early in the second quarter suggest business sentiment is continuing to pick up. The April rise in advertised vacancies reflects some momentum in the labor market, which in turn reflects an economy that is slow but not slowing," he said.
Read more at Reuters.com Bonds News
"Business sentiment edged up in the first quarter and these indications about hiring plans early in the second quarter suggest business sentiment is continuing to pick up. The April rise in advertised vacancies reflects some momentum in the labor market, which in turn reflects an economy that is slow but not slowing," he said.
Read more at Reuters.com Bonds News
S&P raises Delta's ratings on bankruptcy exit
(Reuters) - "Delta's relatively rapid and successful reorganization leaves the airline with lower operating costs, improving revenue generation and a reduced debt load," S&P said in a release.
S&P raised Delta's corporate credit rating seven notches to "B," the fifth highest junk rating, from "D," or default.
Read more at Reuters.com Bonds News
S&P raised Delta's corporate credit rating seven notches to "B," the fifth highest junk rating, from "D," or default.
Read more at Reuters.com Bonds News
Mexico 10-Year Peso Bond Yields Surge to Highest in 6 Weeks on Rate Boost
(Bloomberg) -- Mexico's 10-year bond fell, pushing yields to the highest in six weeks, after the central bank unexpectedly raised its lending rate last week.
``Markets are adjusting to this unanticipated move,'' said Rafael Camarena, an economist in Mexico City at Santander Central Hispano SA, the country's biggest trader of peso denominated bonds. ``It was really surprising.''
Read more at Bloomberg Currencies News
``Markets are adjusting to this unanticipated move,'' said Rafael Camarena, an economist in Mexico City at Santander Central Hispano SA, the country's biggest trader of peso denominated bonds. ``It was really surprising.''
Read more at Bloomberg Currencies News
Doral in private equity talks, warns on dilution
(Reuters) - Doral said in a regulatory filing that if the contemplated transaction is consummated, its capital and liquidity needs will be satisfied but existing shareholders will face "very significant dilution."
The news was the latest blow to investors in Doral's stock, which has collapsed over the past two years amid charges that former senior management engaged in fraud.
Read more at Reuters.com Business News
The news was the latest blow to investors in Doral's stock, which has collapsed over the past two years amid charges that former senior management engaged in fraud.
Read more at Reuters.com Business News
FACTBOX-Peru's largest mining companies
(Reuters) - Mining is one of the South American economy's main drivers and accounts for more than half of Peru's export earnings.
The following is a list of 2006 production figures, as reported by the government's energy and mines ministry.
Read more at Reuters.com Bonds News
The following is a list of 2006 production figures, as reported by the government's energy and mines ministry.
Read more at Reuters.com Bonds News
U.K. Pound Gains Versus Euro on View Inflation to Stay Above BOE's Target
(Bloomberg) -- The U.K. pound snapped a four-day losing streak against the euro as a report showed inflation will exceed the Bank of England's target for another year, stoking expectations of higher interest rates.
U.K. inflation will exceed the central bank's 2 percent ceiling because policy makers cut borrowing costs too far in 2005, the National Institute of Economic and Social Research said. The pound also rose as a separate report showed consumer confidence in Europe's second-largest economy gained this month.
Read more at Bloomberg Currencies News
U.K. inflation will exceed the central bank's 2 percent ceiling because policy makers cut borrowing costs too far in 2005, the National Institute of Economic and Social Research said. The pound also rose as a separate report showed consumer confidence in Europe's second-largest economy gained this month.
Read more at Bloomberg Currencies News
America Movil, Femsa, Homex, Vale do Rio Doce, Vivo: Latin Equity Movers
(Bloomberg) -- Mexico's Bolsa fell for the fifth day in six, led by mobile-phone company America Movil SAB.
Mexico's Bolsa index fell 283.96, or 1 percent, to 29,088.97 at 10:49 a.m. New York time. Brazil's Bovespa index of the most- traded stocks on the Sao Paulo exchange rose 86.87, or 0.2 percent, to 49,316.47.
Read more at Bloomberg Stocks News
Mexico's Bolsa index fell 283.96, or 1 percent, to 29,088.97 at 10:49 a.m. New York time. Brazil's Bovespa index of the most- traded stocks on the Sao Paulo exchange rose 86.87, or 0.2 percent, to 49,316.47.
Read more at Bloomberg Stocks News
Freddie Mac sells $5 billion in bills
(Reuters) - The six-month bills were priced at 97.4609 and have a money market yield of 5.182 percent and the 12-month bills were priced at 95.0894 and have a money market yield of 5.121 percent.
Settlement is May 1.
Read more at Reuters.com Bonds News
Settlement is May 1.
Read more at Reuters.com Bonds News
Treasuries Rise Amid Stability in Fed's Favored Inflation Gauge Last Month
(Bloomberg) -- U.S. Treasuries rose the most in almost two weeks after the measure of inflation favored by Federal Reserve policy makers showed consumer prices excluding food and energy were stable in March.
The larger-than-forecast decline in the core inflation rate bolstered the view that the Fed may cut interest rates this year after raising them 17 times between 2004 and 2006. Treasuries held their gains after an industry report showed business activity slowed more than forecast this month.
Read more at Bloomberg Bonds News
The larger-than-forecast decline in the core inflation rate bolstered the view that the Fed may cut interest rates this year after raising them 17 times between 2004 and 2006. Treasuries held their gains after an industry report showed business activity slowed more than forecast this month.
Read more at Bloomberg Bonds News
UPDATE 1-Pricing pressure weighs on global chip market
(Reuters) - The Semiconductor Industry Association said that first-quarter global chip sales fell by 6.5 percent from the fourth quarter of last year, as microprocessor revenues fell 13 percent.
DRAM sales declined by just over 8 percent from the last quarter of 2006.
Read more at Reuters.com Market News
DRAM sales declined by just over 8 percent from the last quarter of 2006.
Read more at Reuters.com Market News
Carolina Group posts higher 1st-quarter profit
(Reuters) - After deducing profit attributable to parent Loews, earnings were $1.08 per share, up from 86 cents per share.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
UPDATE 1-Wrigley 1st-quarter profit rises on higher sales
(Reuters) - The world's largest chewing-gum maker said profit was $142.70 million, or 52 cents a share, in the first quarter, compared with $111.88 million, or 40 cents a share, a year earlier.
Excluding the impact of a restructuring charge and a one-time asset sale gain, the company earned 50 cents a share, which compares with Wall Street estimates of 47 cents, according to Reuters Estimates.
Read more at Reuters.com Market News
Excluding the impact of a restructuring charge and a one-time asset sale gain, the company earned 50 cents a share, which compares with Wall Street estimates of 47 cents, according to Reuters Estimates.
Read more at Reuters.com Market News
UMC Q1 net profit falls 88 pct, misses f'cast
(Reuters) - TAIPEI, April 30 - UMC in the first quarter, down 78 percent from T$84.98 million a year ago, the firm said in a statement to the Taiwan Stock Exchange.
UMC's net profit was T$1.459 billion in the January-March quarter, compared with T$12.29 billion a year ago and T$5.689 billion in the previous three months.
Read more at Reuters.com Market News
UMC's net profit was T$1.459 billion in the January-March quarter, compared with T$12.29 billion a year ago and T$5.689 billion in the previous three months.
Read more at Reuters.com Market News
Ternium of Luxembourg to Buy Mexican Steelmaker Imsa for $1.7 Billion
(Bloomberg) -- Ternium SA agreed to buy Grupo Imsa SAB, Mexico's largest coated-steel producer, for about $1.7 billion to tap the country's rising demand for zinc-coated and painted steel.
Ternium offered $6.40 a share for all of Imsa, the Luxembourg-based steelmaker said today in a statement distributed by Business Wire. That's about 4.7 percent more than the Monterrey-based company's closing share price of 67 Mexican pesos ($6.11) on April 27.
Read more at Bloomberg Emerging Markets News
Ternium offered $6.40 a share for all of Imsa, the Luxembourg-based steelmaker said today in a statement distributed by Business Wire. That's about 4.7 percent more than the Monterrey-based company's closing share price of 67 Mexican pesos ($6.11) on April 27.
Read more at Bloomberg Emerging Markets News
Brazilian Real, Colombian, Mexican Peso: Latin American Currency Preview
(Bloomberg) -- The following events and economic reports may influence trading in Latin American currencies today. Exchange rates are from the previous week.
Brazilian real: The budget surplus before interest payments was likely $12.9 billion reais ($6.3 billion) in March, according to the median estimate in a Bloomberg survey of five economists. That compares with a $6.7 billion reais surplus in February.
Read more at Bloomberg Currencies News
Brazilian real: The budget surplus before interest payments was likely $12.9 billion reais ($6.3 billion) in March, according to the median estimate in a Bloomberg survey of five economists. That compares with a $6.7 billion reais surplus in February.
Read more at Bloomberg Currencies News
EDF Energy Cuts U.K. Consumer Gas Prices; Electricity to Remain Unchanged
(Bloomberg) -- EDF Energy, the U.K. unit of Electricite de France SA, said today it would lower its charges for residential gas customers, after regulators criticized the company for not cutting prices as its costs fell.
Gas tariffs will be reduced by 10.2 percent for customers using standard gas tariffs starting June 15, the company said in an e-mailed statement. Electricity rates will remain unchanged.
Read more at Bloomberg Energy News
Gas tariffs will be reduced by 10.2 percent for customers using standard gas tariffs starting June 15, the company said in an e-mailed statement. Electricity rates will remain unchanged.
Read more at Bloomberg Energy News
Portland General posts Q1 profit, reaffirms '07 view
(Reuters) - Three analysts, on average, expected earnings of 78 cents a share, before exceptional items, while one analyst forecast revenue of $420 million, for the first quarter, according to Reuters Estimates.
The Oregon-based company stood by its full-year earnings outlook of $1.90 to $2.00 a share.
Read more at Reuters.com Business News
The Oregon-based company stood by its full-year earnings outlook of $1.90 to $2.00 a share.
Read more at Reuters.com Business News
Delta Air Lines exits bankruptcy
(Reuters) - Delta, the third largest U.S. airline, emerges as a leaner carrier after cutting capacity and about $1 billion in labor costs. It also added more than 60 international routes to escape brutal low-fare competition in the U.S.
While the U.S. airline industry turned a profit last year for the first time since before the September 11, 2001 attacks, Delta emerges from reorganization amid signs that travel demand, which fueled the industry's recover, is softening.
Read more at Reuters.com Business News
While the U.S. airline industry turned a profit last year for the first time since before the September 11, 2001 attacks, Delta emerges from reorganization amid signs that travel demand, which fueled the industry's recover, is softening.
Read more at Reuters.com Business News
Tyson Foods posts quarterly profit, raises outlook
(Reuters) - Wall Street analysts on average expected profit of 11 cents per share, according to Reuters Estimates.
Revenue increased to $6.5 billion from $6.25 billion.
Read more at Reuters.com Business News
Revenue increased to $6.5 billion from $6.25 billion.
Read more at Reuters.com Business News
Kenyan shilling firms vs dollar, seen gaining further
(Reuters) - The Kenya shilling gained ground against the dollar on Monday, helped by a general rise in export proceeds and little demand for the U.S. currency, dealers said.
At 1030 GMT, the shilling traded at 67.95/68.15 to the dollar, compared with Friday's close of 68.25/35.
Read more at Reuters Africa
At 1030 GMT, the shilling traded at 67.95/68.15 to the dollar, compared with Friday's close of 68.25/35.
Read more at Reuters Africa
Ciena, Coca-Cola, Sysco, Vishay, Xinhua Finance Media: U.S. Equity Preview
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.S. exchanges tomorrow. This preview includes news that broke after exchanges closed. Stock symbols are in parentheses after company names. Share prices are as of 8:55 a.m. New York time.
American Real Estate Partners LP (ACP US): Shares of the holding company controlled by Carl Icahn are overvalued with the 69 percent premium the stock carries, Barron's reported, without citing anyone. The company is worth about $65 a share, compared with the closing price of $108.51 on April 27, Barron's said.
Read more at Bloomberg Stocks News
American Real Estate Partners LP (ACP US): Shares of the holding company controlled by Carl Icahn are overvalued with the 69 percent premium the stock carries, Barron's reported, without citing anyone. The company is worth about $65 a share, compared with the closing price of $108.51 on April 27, Barron's said.
Read more at Bloomberg Stocks News
European Government Bonds Pare Gains as Money Supply Growth Accelerates
(Bloomberg) -- European 10-year government bonds pared gains after a report showed euro region money supply growth unexpectedly quickened to the fastest pace in more than 24 years.
Benchmark 10-year bund yields were near the highest since August 2005 as the quickening in money supply expansion, which the European Central Bank uses to gauge future inflation, underpinned views borrowing costs in the $10.4 trillion euro region economy have further to rise.
Read more at Bloomberg Bonds News
Benchmark 10-year bund yields were near the highest since August 2005 as the quickening in money supply expansion, which the European Central Bank uses to gauge future inflation, underpinned views borrowing costs in the $10.4 trillion euro region economy have further to rise.
Read more at Bloomberg Bonds News
Copper Rises for Second Day on Peru Strike, Falling Stockpiles; Zinc Rises
(Bloomberg) -- Copper climbed for a second day in London as stockpiles dropped and miners in Peru, the world's third-largest producer of the metal, went on strike. Zinc also advanced.
Miners in Peru began their first national strike in three years, threatening to disrupt global supply of metals such as copper and zinc, after weekend talks with the government failed. Inventories monitored by the London Metal Exchange fell for a 12th day, dropping 1,925 tons, or 1.2 percent, to 157,200 tons, the exchange said today in a daily report. Copper stockpiles have fallen 14 percent this year to the lowest since Dec. 1.
Read more at Bloomberg Commodities News
Miners in Peru began their first national strike in three years, threatening to disrupt global supply of metals such as copper and zinc, after weekend talks with the government failed. Inventories monitored by the London Metal Exchange fell for a 12th day, dropping 1,925 tons, or 1.2 percent, to 157,200 tons, the exchange said today in a daily report. Copper stockpiles have fallen 14 percent this year to the lowest since Dec. 1.
Read more at Bloomberg Commodities News
Oil steady near $68; gasoline, Mideast support
(Reuters) - Brent crude, currently seen as more representative of global oil prices than U.S. oil, was down 13 cents at $68.28 a barrel by 1223 GMT. U.S. crude fell eight cents to $66.38.
But U.S. gasoline, the main price driver in recent weeks, strengthened. Gasoline stocks in the world's top consumer have declined to a six-year low on a combination of strong demand, refinery problems and slow imports.
Read more at Reuters.com Hot Stocks News
But U.S. gasoline, the main price driver in recent weeks, strengthened. Gasoline stocks in the world's top consumer have declined to a six-year low on a combination of strong demand, refinery problems and slow imports.
Read more at Reuters.com Hot Stocks News
Texas Pacific declines comment on Alitalia cash
(Reuters) - to buy Alitalia.
"We are making no comment on that," a spokesman for the U.S. private equity company told Reuters.
Read more at Reuters.com Mergers News
"We are making no comment on that," a spokesman for the U.S. private equity company told Reuters.
Read more at Reuters.com Mergers News
UPDATE 1-B/E Aerospace's Q1 profit rises, raises outlook
(Reuters) - The world's largest maker of plane seats, which also fits out commercial and business jets with oxygen masks, food carts and other equipment, said it was increasing its profit forecast for 2007 and was on track to exceed its 2008 earnings and margin expansion targets.
Net income in the first quarter increased to $32.1 million, or 40 cents per share, compared with $13.8 million, or 18 cents per share, in the same period last year.
Read more at Reuters.com Market News
Net income in the first quarter increased to $32.1 million, or 40 cents per share, compared with $13.8 million, or 18 cents per share, in the same period last year.
Read more at Reuters.com Market News
UPDATE 1-DaVita 1st-qtr profit rises 33 pct
(Reuters) - First-quarter profit increased to $76.6 million, or 72 cents per share from $57.5 million, or 55 cents per share, a year earlier.
Wall Street analysts had on average forecast 72 cents per share, according to Reuters Estimates.
Read more at Reuters.com Market News
Wall Street analysts had on average forecast 72 cents per share, according to Reuters Estimates.
Read more at Reuters.com Market News
UPS offers to exchange 2031 stg bond for 2050 debt
(Reuters) - A special committee of the Association of British Insurers representing 44 percent of the existing notes has considered the deal and thinks it suitable to present to holders, the company said.
Deutsche Bank is transaction coordinator, with Goldman Sachs as joint dealer manager.
Read more at Reuters.com Bonds News
Deutsche Bank is transaction coordinator, with Goldman Sachs as joint dealer manager.
Read more at Reuters.com Bonds News
European Telecommunications Stocks Gain; Wereldhave, Property Shares Drop
(Bloomberg) -- European telecommunication stocks advanced after Telefonica SA and a group of investors agreed to pay 4.1 billion euros ($5.6 billion) for a controlling stake in Telecom Italia SpA, Italy's biggest phone company
Wereldhave NV led a slide by property companies slid after JPMorgan Chase & Co. downgraded the industry on concern higher interest rates will hurt earnings.
Read more at Bloomberg Stocks News
Wereldhave NV led a slide by property companies slid after JPMorgan Chase & Co. downgraded the industry on concern higher interest rates will hurt earnings.
Read more at Bloomberg Stocks News
UPDATE 1-Porsche launches lowball VW bid
(Reuters) - Porsche, which is already the largest shareholder in VW, was required to bid for Europe's biggest carmaker after Porsche's voting stake exceeded 30 percent in March, but it has made clear it is not striving for majority control at this stage.
German regulators have approved the offer, which runs until May 29.
Read more at Reuters.com Mergers News
German regulators have approved the offer, which runs until May 29.
Read more at Reuters.com Mergers News
Russian Day Traders Increase as Gains in Stocks Slow After Six-Year Rally
(Bloomberg) -- Speculators are increasing their purchases of Russian stocks just as six years of gains grind to a halt in the world's second-largest emerging market.
Day traders, who seek instant profits from stock price fluctuations, on Russia's Micex Stock Exchange have more than doubled in the past 16 months, said Chief Executive Officer Alexei Rybnikov. Purchases and sales of less than 100,000 rubles ($3,890) by individuals make up 60 percent of trades on the Micex, compared with 4.6 percent of trading on the New York Stock Exchange.
Read more at Bloomberg Exclusive News
Day traders, who seek instant profits from stock price fluctuations, on Russia's Micex Stock Exchange have more than doubled in the past 16 months, said Chief Executive Officer Alexei Rybnikov. Purchases and sales of less than 100,000 rubles ($3,890) by individuals make up 60 percent of trades on the Micex, compared with 4.6 percent of trading on the New York Stock Exchange.
Read more at Bloomberg Exclusive News
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