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Archive May/2008


Heinz Raises Earnings Growth Forecast

CHICAGO (Reuters) - H.J. Heinz Co <HNZ.N> on Thursday raised its forecast for annual earnings growth, with health and wellness products and emerging markets helping fuel the increase.

May 30th, 2008 | Categories: Investment

Investors Boost Stocks to 2008 High: Reuters Poll

LONDON (Reuters) - Leading global investors lifted their stock holdings to the highest level this year in May but remained cautious in the face of fragile global growth and higher

May 30th, 2008 | Categories: Investment

GM Preparing Further Restructuring: Report

NEW YORK (Reuters) - General Motors Corp <GM.N> is preparing to announce further restructuring to cut costs and conserve cash amid a downturn in U.S. truck sales, the Wall Street

May 30th, 2008 | Categories: Investment

RWE Shares Rise as Traders Cite Bid Talk

FRANKFURT (Reuters) - Shares in RWE AG <RWEG.DE> rose 2 percent on Thursday and traders cited market talk that Permira <PERM.UL>, Blackstone <BX.N> and Warren Buffett were interested in the

May 30th, 2008 | Categories: Investment

Las Vegas Sands Bets on New Cirque Show in Macau

MACAU (Reuters) - Las Vegas Sands Corp <LVS.N> offered a peek on Thursday at a $150-million Cirque du Soleil show that will open at the Venetian Macau, the casino operator's

May 30th, 2008 | Categories: Investment

Honda CEO Fears More Price Hikes For U.S. Steel

TOKYO (Reuters) - Honda Motor Co's <7267.T> chief executive said on Thursday the Japanese automaker had been asked to pay more by a U.S. steelmaker despite a contract agreed earlier

May 30th, 2008 | Categories: Investment

Steel Partners Ousts Board of Japan’s Aderans

TOKYO (Reuters) - U.S. hedge fund Steel Partners helped oust most of the board of Japanese wig maker Aderans Holdings <8170.T> on Thursday, the first time management of a Japanese

May 30th, 2008 | Categories: Investment

Anheuser-Busch/Inbev About Value, Not Family: Report

NEW YORK (Reuters) - A member of the founding family of Anheuser-Busch Cos <BUD.N> said any talks with Belgian brewer InBev NV <INTB.BR> should be based on shareholder value rather

May 30th, 2008 | Categories: Investment

Heinz to Raise Profit Forecasts: Report

NEW YORK (Reuters) - The H.J. Heinz Co <HNZ.N> is expected to raise its profit- and sales-growth forecasts as the company unveils its first two-year plan since a proxy fight

May 30th, 2008 | Categories: Investment

Clear Channel Says Takeover Deal to Close End-Q3

SAN FRANCISCO (Reuters) - Clear Channel Communications Inc. said on Wednesday that its $17.9 billion takeover by private equity funds Thomas H. Lee Partners <THL.UL> and Bain Capital is now

May 30th, 2008 | Categories: Investment

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