Archive for July 10th, 2008

I don’t remember missing out on a Test: Ganguly

Thursday, July 10th, 2008

Rating:  0 Indirectly taking a dig at India Twenty20 and one-day skipper Mahendra Singh Dhoni skipping the upcoming Sri ...

GE to sell home appliance unit

Thursday, July 10th, 2008

Last Updated: July 10, 2008: 11:34 AM EDTGE earnings previewMore VideosNEW HAVEN, Conn. (AP) -- General Electric Co. said Thursday it is focusing on spinning off its entire consumer and industrial businesses, which include its iconic appliances and lighting products.The announcement by the Fairfield, Conn.-based conglomerate is the latest aggressive ...

UPDATE 2-GSI Group agrees to buy Excel Technology for $360 mln

Thursday, July 10th, 2008

(Recasts, adds details, stock movement) July 10 (Reuters) - GSI Group Inc (GSIG.O: Quote, Profile, Research, Stock Buzz), which suppliesprecision technology and semiconductor systems, said it agreedto buy photonics-based solutions maker Excel Technology Inc(XLTC.O: Quote, Profile, Research, Stock Buzz) for $360 ...

UPDATE 1-Toronto stocks rise as resource issues rebound

Thursday, July 10th, 2008

(Adds details) *Materials, energy issues buoyed by firm oil, gold *Financials will continue "sloppy" trading *Astral Media shares down after third-quarter results TORONTO, July 10 (Reuters) - The Toronto ...

BG Group launches $14 bln loan for Origin bid

Thursday, July 10th, 2008

By Tessa Walsh LONDON (Reuters) - BG Group (BG.L: Quote, Profile, Research, Stock Buzz) launched a syndicated loan of up to $14 billion backing its A$13.1 billion hostile bid for Australia's Origin Energy (ORG.AX: Quote, Profile, Research, Stock Buzz) to a wider syndication ...

FACTBOX-Top 10 deals in global chemicals sector

Thursday, July 10th, 2008

July 10 (Reuters) - Dow Chemical Co (DOW.N: Quote, Profile, Research, Stock Buzz) on Thursday said it has agreedto buy Rohm and Haas Co (ROH.N: Quote, Profile, Research, Stock Buzz) for $15.3 billion excluding debt in a move tobroaden its product offerings in higher margin ...

SAfrican union in wage dispute with De Beers, Exxaro

Thursday, July 10th, 2008

JOHANNESBURG, July 10 (Reuters) - South Africa's biggestmineworker's union warned on Thursday of "a big fight" withdiamond producer De Beers and diversified miner Exxaro (EXXJ.J: Quote, Profile, Research, Stock Buzz)over wage disputes with the two companies. The National Union of Mineworkers ...

CORRECTED – UPDATE 1-SunPower to build solar plant for FPL

Thursday, July 10th, 2008

(Corrects number of megawatts in paragraphs 2 and 4) NEW YORK, July 10 (Reuters) - SunPower Corp (SPWR.O: Quote, Profile, Research, Stock Buzz) willbuild the largest U.S. photovoltaic solar power plant inFlorida for FPL Group's (FPL.N: Quote, Profile, Research, Stock Buzz) ...

Syms defends retail moves, says to stay public

Thursday, July 10th, 2008

BOSTON, July 10 (Reuters) - Syms Corp's (SYMS.O: Quote, Profile, Research, Stock Buzz) chiefexecutive defended the off-price clothing company's real estateholdings on Thursday and said it will stay public. Chief Executive Marcy Syms, who along with her father ownsthe majority of ...

GE eyes spin of $17 bln consumer-industrial unit

Thursday, July 10th, 2008

By Scott Malone BOSTON (Reuters) - General Electric Co (GE.N: Quote, Profile, Research, Stock Buzz) said on Thursday it will look to spin off to shareholders its entire consumer and industrial unit, signaling it is ready to part with a much larger slice ...