Showing posts with the label 24

The Telgraph City Biefing; June, 24, 2013.

City briefing   LOUISE ARMITSTEAD CHIEF BUSINESS CORRESPONDENT Follow Louise on Twitter TOP OF THE AGENDA Two potential deals are on the table this morning. The billionaire founders of Eurasian Natural Resources Corporation (ENRC) have launched a new bid for the company, skidding in ahead of the Takeover Panel's deadline today. At just £3.043bn, their offer is worth less that their original deal that was rejected but this morning Kazakhmys, the miner that owns a 26pc stake, has given its approval. The oligarchs, led by Alexander Machkevitch, have confusingly called their bidco Eurasian Resources which is also backed by the government of Kazakhstan. Let's see what the board says this time. And Segro , the industrial property firm, has confirmed it is in talks with one of Canada's biggest pension funds, the Public Sector Pension Investment board, over a logistics joint venture in Europe. Segro, whose assets include the Slough trad

DealBook Today's Top Headlines May, 24, 2013: P.&G. Chief Is Out | 4 SAC Executives Subpoenaed | When Lobbyists Help Write Bills | Concern Over SoftBank's Sprint Bid

Friday, May 24, 2013 TODAY'S TOP HEADLINES   BY WILLIAM ALDEN P.&G. CHIEF IS OUT Procter & Gamble, a company that is one of the biggest holdings of the hedge fund manager William A. Ackman, said on Thursday that its chief executive, Robert A. McDonald, had resigned. Mr. McDonald is being succeeded by his predecessor, Alan G. Lafley, The New York Times's Michael J. de la Merced reports . Mr. Ackman, who is known for publicly challenging management teams, had criticized Mr. McDonald for the company's poor stock performance. Mr. McDonald, 59, who had worked at the company for 33 years and became chief executive and president in 2009, notified the board a few days ago of his decision to retire, a P.& G. spokesman, Paul Fox, said, adding that the decision was not spurred by pressure from company directors. The stock price rose modestly in after-hours trading following the announcement . Mr. Ackman's Pershing Square Capital has 27.9

Reuters Daily Investors Briefing -September, 24, 2012-: Wall Street ends lower as economic outlook weighs

Wall Street ends lower as economic outlook weighs NEW YORK (Reuters) - U.S. stocks edged lower on Monday as disappointing German data increased concerns that global economic growth remains weak. Apple sells over 5 million iPhone 5, supply constraints loom (Reuters) - Apple Inc sold over 5 million iPhone 5 smartphones in the three days since it hit stores, but shares sagged as the company struggled to meet demand. Exclusive: L.A. billionaire, Guggenheim plot AEG bid LOS ANGELES/NEW YORK (Reuters) - Los Angeles billionaire Patrick Soon-Shiong has joined forces with financial services firm Guggenheim Partners to make a bid for Anschutz Entertainment Group, the sports and real estate company, according to three sources with knowledge of the deal. Fed's Williams: QE3 provides needed "oomph" to U.S. economy SAN FRANCISCO (Reuters) - The Federal Reserve's latest round of monetary stimulus will help get the U.S. economy back on track and spe