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Archive April/2008


Britain’s BG Bids $12 Bln For Australia’s Origin

PERTH (Reuters) - British utility BG Group Plc bid $12.1 billion for Australia's second-largest power retailer, Origin Energy Ltd, on Wednesday, seeking to establish itself as a major player in

April 30th, 2008 | Categories: Investment

Sanofi Q1 Oper Profit Falls 7 Pct, Keeps Targets

PARIS/LONDON (Reuters) - Sanofi-Aventis's <SASY.PA> sales and profits fell less than expected in the first quarter but the French drugmaker said on Wednesday that saredutant, an experimental antidepressant, had failed

April 30th, 2008 | Categories: Investment

Citigroup to Sell $3 Bln in Stock; Shares Fall

NEW YORK (Reuters) - Citigroup Inc <C.N> said on Tuesday it plans to sell $3 billion of common stock to bolster its capital levels, sending its shares down in after-hours

April 30th, 2008 | Categories: Investment

UAL Pilots Leader Opposes Any Merger With US Air

WASHINGTON (Reuters) - A "toxic stew" of problems with pilots and other issues at US Airways Inc <LCC.N> would imperil any merger between that carrier and United Airlines, the leader

April 30th, 2008 | Categories: Investment

WSJ Editor’s Resignation Process Flawed: Committee

NEW YORK (Reuters) - A committee to protect editorial integrity at The Wall Street Journal said on Tuesday it will be more active in the search of a new managing

April 30th, 2008 | Categories: Investment

Auto Retailers Struggle to Offset New Car Slump

DETROIT (Reuters) - Major U.S. auto retail groups on Tuesday posted quarterly results that underscore their mixed success in offsetting pressure from slumping new vehicle sales through sales of used

April 30th, 2008 | Categories: Investment

Countrywide, GMAC Post Big Losses on Mortgages

NEW YORK (Reuters) - Countrywide Financial Corp <CFC.N> and GMAC LLC, which run the largest independent U.S. mortgage lenders, posted big first-quarter losses on Tuesday, hurt by credit problems as

April 30th, 2008 | Categories: Investment

NBC, CBS Seen Bidding For Weather Channel

NEW YORK (Reuters) - CBS Corp <CBS.N> and GE's <GE.N> NBC Universal plan to bid for the Weather Channel in the second round of bidding due in early to mid-May,

April 30th, 2008 | Categories: Investment

Meriwether’s Hedge Fund Let Investors Out, Staff Go

BOSTON (Reuters) - Hedge-fund manager John Meriwether is letting investors exit his global macro fund after the roughly $300 million portfolio lost 14 percent this year, a person familiar with

April 30th, 2008 | Categories: Investment

GMAC Posts Loss on Mortgage Woes

NEW YORK (Reuters) - Finance company GMAC said on Tuesday its first-quarter loss nearly doubled as more customers fell behind on mortgage payments, and warned that it might not be

April 30th, 2008 | Categories: Investment

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