Archive for April 4th, 2008

Honeywell to buy Norcross for $1.2 billion

Friday, April 4th, 2008

NEW YORK (Reuters) - Diversified manufacturer Honeywell International Inc (HON.N: Quote, Profile, Research) said on Friday it would buy Norcross Safety Products LLC, a maker of personal protective equipment, for about $1.2 billion, to expand its safety business. Norcross, which is majority owned ...

A Schulman posts quarterly loss after charges

Friday, April 4th, 2008

NEW YORK, April 4 (Reuters) - U.S. chemicals maker A.Schulman Inc (SHLM.O: Quote, Profile, Research) on Friday posted a net loss for itsfiscal second quarter, hurt by restructuring and impairmentcharges. The net loss for the period ended Feb. 29 was $3.8 ...

EU mergers and takeovers (April 4) =2

Friday, April 4th, 2008

APRIL 17 -- French insurance group Groupama buys Hungarian insurancecompany OTP Garancia Biztosito Zartkoruen MukodoReszvenytarsasag (notified March 10/deadline April 17) -- Dutch employment services provider Randstad (RAND.AS: Quote, Profile, Research)buys peer Vedior (VDOR.AS: Quote, Profile, Research) (notified ...

VIA to continue heart drug trials after safety profile review

Friday, April 4th, 2008

April 4 (Reuters) - VIA Pharmaceuticals Inc (VIAP.O: Quote, Profile, Research) saidit will continue with the mid-stage trials of its heart drug,VIA-2991, after an independent panel observed a continuedacceptable safety profile of the drug. The company said the independent data safety ...

UPDATE 1-IBM says ban lifted on new U.S. govt contracts

Friday, April 4th, 2008

(Adds details of investigation) NEW YORK, April 4 (Reuters) - International BusinessMachines Corp (IBM.N: Quote, Profile, Research) said on Friday the U.S. EnvironmentalProtection Agency has agreed to lift a temporary order that hadbarred the company from seeking new government contracts. ...

Ford says paid CEO Mulally $21.7 mln in 2007

Friday, April 4th, 2008

DETROIT, April 4 (Reuters) - Ford Motor Co (F.N: Quote, Profile, Research) on Fridaysaid it paid Chief Executive Alan Mulally $21.7 million for2007, including an incentive bonus award of $7 million. Ford, which lost $2.7 billion in 2007, said it had ...

UPDATE 1-RESEARCH ALERT-FBR sees growth in IP equipment market

Friday, April 4th, 2008

(Changes source, adds details) April 4 (Reuters) - Friedman Billings Ramsey initiatedcoverage of network equipment makers Cisco Systems Inc (CSCO.O: Quote, Profile, Research)and Juniper Networks Inc (JNPR.O: Quote, Profile, Research) and said the networkingequipment market will continue to grow faster than ...

EU urges Kosovo to move ahead with power project

Friday, April 4th, 2008

By Matt Robinson PRISTINA, April 4 (Reuters) - Newly independent Kosovo mustmove ahead swiftly with a project to build a new power plant orrisk running out of electricity by 2010, a senior European Unionofficial said on Friday. ...

European shares recoup data-driven losses

Friday, April 4th, 2008

LONDON, April 4 (Reuters) - European shares recovered someground lost after surprisingly weak U.S. jobs data on Friday,led by bank stocks. By 1256 GMT the FTSEurofirst 300 index of topEuropean shares was up 0.5 percent at 1,318.55 points, havingfallen by ...

Toronto stocks seen undercut by U.S. jobs report

Friday, April 4th, 2008

TORONTO, April 4 (Reuters) - The Toronto Stock Exchange'smain index was set to drop on Friday, and snap a four-day winstreak, as news that U.S. employers slashed 80,000 jobs lastmonth cast a dark shadow over global equities. Although economists expected U.S. ...