Financial News

Tracinda begins cash tender offer to buy 20M Ford common shares at $8.50 per - Fri 09 May, 02:27 PM [ AFX ]
NEW YORK (Thomson Financial) - Tracinda Corp., the investment vehicle of Kirk Kerkorian, said Friday it's commenced its planned cash tender offer to purchase up to 20 million common shares of Ford Motor Co. at $8.50 each.

Icahn prepared to buy Circuit City if Blockbuster can't - Fri 09 May, 02:24 PM [ AFX ]
RICHMOND, Va. (AP) - Circuit City Stores says it will allow video-rental chain Blockbuster, and its largest shareholder Carl Icahn, to conduct due diligence in connection with Blockbuster's bid to buy the consumer electronics retailer.

Circuit City reaches agreement with Wattles Capital; exploring strategic options - Fri 09 May, 02:21 PM [ AFX ]
BOSTON (Thomson Financial) - Circuit City Stores Inc. said Friday it is exploring a full range of strategic alternatives to enhance shareholder value and that it has agreed to elect three of Wattles Capital Management's nominees to its board in order to avoid a proxy contest.

UN halts Myanmar aid over 'unacceptable' restrictions - Fri 09 May, 02:18 PM [ AFX ]
YANGON (Thomson Financial) - The UN's World Food Programme said Friday it was suspending aid flights into cyclone-hit Myanmar because of 'unacceptable' restrictions imposed by the country's military rulers.

Stock head for lower open after AIG reveals need for cash - Fri 09 May, 02:17 PM [ AFX ]
NEW YORK (AP) - Wall Street headed for a lower open Friday after the world's largest insurer reported a wider-than-expected loss for the first quarter, rekindling investors' anxiety about the strained state of the global financial system.

March trade deficit drops by bigger-than-expected amount - Fri 09 May, 02:09 PM [ AFX ]
WASHINGTON (AP) - The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending.

India approves Essar Power's 80 bln rupee investment plans - Fri 09 May, 02:05 PM [ AFX ]
MUMBAI (Thomson Financial) - The Indian government has approved Essar Power Ltd.'s (EPL) proposal to issue shares worth 80 billion rupees to foreign investors.

Core-Mark Holding buys Auburn Merchandise Distributors for $28M - Fri 09 May, 02:01 PM [ AFX ]
NEW YORK (Thomson Financial) - Core (Berlin: LJ1.BE - news) -Mark Holding Co.

Clear Channel profit surges, income flat from continuing ops - Fri 09 May, 02:00 PM [ AFX ]
NEW YORK (AP) - Clear Channel Communications Inc (NYSE: CCU - news) . reported Friday its first-quarter profit soared due to asset sales, an investment gain and higher revenue, but earnings from continuing operations were flat.

Churchill Downs cuts purses by 20%, citing simulcast signal dispute - Fri 09 May, 01:59 PM [ AFX ]

Sterling Construction 1Q profit, revenue below estimates; affirms 2008 guidance - Fri 09 May, 01:58 PM [ AFX ]

Adolor says FDA delays issue of action letter on Entereg - Fri 09 May, 01:49 PM [ AFX ]

Cosco and Hutchinson submit bids to manage Piraeus Port Authority sources - Fri 09 May, 01:48 PM [ AFX ]

Sonic lowers 2008 earnings growth outlook on weak March comparable sales - Fri 09 May, 01:48 PM [ AFX ]

US March trade deficit falls 5.7 pct to $58.2 bln as economy slows - Fri 09 May, 01:46 PM [ AFX ]

Alltracel Pharma says cancellation of admission of shares on AIM from May 13 - Fri 09 May, 01:36 PM [ AFX ]

GM buys its Detroit headquarters for $626 million - Fri 09 May, 01:36 PM [ AFX ]

Landry's Restaurants 1Q profit falls; new hotel tower to cost about $160 million - Fri 09 May, 01:35 PM [ AFX ]

Bronco Drilling 1Q EPS 31 cents; revenue falls to $62.3 million - Fri 09 May, 01:32 PM [ AFX ]

Superior Industries 1Q earnings 12 cents a share - Fri 09 May, 01:30 PM [ AFX ]

Forex - Euro firms as markets mull interest rate outlook, pound slips further - Fri 09 May, 01:30 PM [ AFX ]

Affymax reports wider 1Q loss; revenue of $16.7M misses estimates - Fri 09 May, 01:29 PM [ AFX ]

Lisbon shares lower midday as Portucel, Cimpor outperform - Fri 09 May, 01:27 PM [ AFX ]

Rambus names Bruce Dunlevie as its chairman - Fri 09 May, 01:25 PM [ AFX ]

Rhoen-Klinikum buys St. Petri-Hospital Warburg for undisclosed price - Fri 09 May, 01:23 PM [ AFX ]

Polish finance ministry sets inflation, growth estimates for 2009 budget - Fri 09 May, 01:22 PM [ AFX ]

AES posts profit on Latin America strength, higher prices - Fri 09 May, 01:21 PM [ AFX ]

ROUNDUP KGHM Q1 net profit rises on higher sales, weaker copper hits stock - Fri 09 May, 01:17 PM [ AFX ]

Forward diary of events week ending May 16 - Fri 09 May, 01:15 PM [ AFX ]

Cott to miss deadline to file quarterly report; examining foreign tax issue - Fri 09 May, 01:14 PM [ AFX ]

Indian shares tumble on rising inflation; Reliance Industries down 5.19 pct - Fri 09 May, 01:10 PM [ AFX ]

Siemens ex-CEO von Pierer faces regulatory offence proceedings UPDATE - Fri 09 May, 01:07 PM [ AFX ]

Forex - Canadian dollar strengthens on employment gain UPDATE - Fri 09 May, 01:05 PM [ AFX ]

Thomson Financial News at a glance - today's UK, European broker recommendations - Fri 09 May, 01:02 PM [ AFX ]

Thai shares close lower in line with region on oil price concerns - UPDATE - Fri 09 May, 01:01 PM [ AFX ]

Indian spot sugar prices fall as summer holidays dampen demand - Fri 09 May, 01:00 PM [ AFX ]

India's Asian Paints FY net up 45.6 pct on volume growth across divisions - Fri 09 May, 12:59 PM [ AFX ]

Dollar Forward Rates - Fri 09 May, 12:59 PM [ AFX ]

Paris shares sharply down midsession, led by financials as risk appetite falters - Fri 09 May, 12:58 PM [ AFX ]

Carlyle Group acquires 70 pct of Greek Neochimiki on ASE block trades - sources - Fri 09 May, 12:58 PM [ AFX ]

India's annual inflation rate rises to 7.61 percent on food price increases - Fri 09 May, 12:57 PM [ AFX ]

Forex - Canadian dollar strengthens on employment gain - Fri 09 May, 12:53 PM [ AFX ]

RPT Temasek loses anti-monopoly case in Indonesia; plans appeal - UPDATE - Fri 09 May, 12:53 PM [ AFX ]

Best Union extends IPO deadline to May 15 from May 12 - Fri 09 May, 12:53 PM [ AFX ]

Dril-Quip 1Q EPS 62 cents; revenue up 12.5% to $132.4 million - Fri 09 May, 12:52 PM [ AFX ]

Canada April unemployment up slightly at 6.1 pct vs 6.0 pct in March - Fri 09 May, 12:46 PM [ AFX ]

India's NTPC signs long-term supply deal with North Delhi Power - Fri 09 May, 12:46 PM [ AFX ]

Precious Metals Summary - London AM Fixings - Fri 09 May, 12:44 PM [ AFX ]

Telefonica accepts Prisa's offer for 16.79 pct Sogecable stake - Fri 09 May, 12:43 PM [ AFX ]

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