Malaysia's EON Capital stake sale talks stall-paper

(Reuters) - "They've stopped negotiations at this point of time. It's a
pricing issue," the Business Times quoted a source familiar
with the talks as saying. It is believed DRB, the single
largest shareholder in Malaysia's seventh-ranked lender EON
Capital, was looking to sell its stake at 9-10 ringgit a share,
the paper said.




EON Capital shares closed at 6.80 ringgit on Friday.


Read more at Reuters.com Mergers News

BP Must Face Trial Over Claims It Violated Settlements With Blast Victims

(Bloomberg) -- BP Plc must face trial in November on
claims it reneged on settlements with three victims of the deadly
explosion at its largest refinery, a Texas judge said.

Judge Susan Criss in Galveston, Texas, today refused to end
a lawsuit in which Alisa Dean, 33, Tracy Donaie, 33, and Henry
Rivera, 39, are seeking about $42 million in joint future medical
costs, plus $5 million each for mental anguish. They claim BP
didn't pay their bills promptly as promised.


Read more at Bloomberg Energy News

Tribune ends agreement with Gannett related to newspaper sale

(Reuters) - The agreement was terminated following an arbitrator's ruling last month that Tribune could not sell the company unless the buyer assumed the existing union contract as a condition of the sale, which Gannett declined to do, Tribune said in a statement.



The publisher of Los Angeles Times and Chicago Tribune also said it would immediately begin the process of soliciting offers for the newspapers.


Read more at Reuters.com Mergers News

US Medicare proposes no coverage for Synthes disc

(Reuters) - The program, which covers about 43 million elderly and disabled people, said in a draft proposal that it was rejecting coverage of the procedure no matter which disc was used. A final decision is expected in August.



) Keywords: SYNTHES MEDICARE/


Read more at Reuters.com Government Filings News

Bombay Co gets non-binding offers to buy company

(Reuters) - The new loan will enhance liquidity to fund working capital
requirements and other corporate needs, it added.





Read more at Reuters.com Mergers News

Safran plans to split Sagem communications unit

(Reuters) - The company is also studying plans to link up a printed
circuits plant in Lannion, in western France, which employs 80
people with an industrial partner in the same sector.




The plans were announced as Safran reaffirmed its 2007
targets at a shareholders' meeting. The company targets revenue
up around 5 percent and an operating margin above 5 percent.


Read more at Reuters.com Mergers News

Google's share of U.S. search market jumped in April

(Reuters) - By contrast, the No. 2-ranked Web search provider, Yahoo Inc. saw its U.S. search share in April fall 0.7 points to 26.8 percent. Microsoft Corp.'s sites lost 0.6 percentage points to 10.3 percent, comScore data showed.




IAC/InterActiveCorp's Ask.com fell 0.1 percentage points in April to 5.1 percent of the U.S market, it said.


Read more at Reuters.com Business News