IBT Staff Reporter

151921-151950 (out of 154948)

Tax woes drag on Blackstone

Blackstone Group LP's (NYSE: BX) initial public offering raised billions of dollars for its employees, but the private equity firm's shares might have performed even better if it weren't for the potential tax headaches, analysts said on Friday.

Boeing, Airbus Pack Up at Paris

If Boeing Co. has been rocked by this week's stack of new plane deals announced by rival Airbus, it certainly isn't showing it.

Courts to decide fate of Japan's poison pills

Hundreds of Japanese companies have erected takeover defenses to protect themselves from hostile takeovers in recent months, but the courts may tear some of them down, breaching the walls of fortress Japan for outsiders to acquire underperforming firms.

NYSE Euronext bids for Borsa Italiana: report

NYSE Euronext Inc. has entered the competition for the Borsa Italiana by submitting a preliminary bid to rival the London Stock Exchange Group's offer, according to the online edition of the Wall Street Journal.

LSE bids 1.6 bln euros for Borsa: sources

The London Stock Exchange's offer for Borsa Italiana is worth about 1.6 billion euros ($2.14 billion), sources close to the situation said on Friday, a shade above a reported rival bid from NYSE Euronext and giving Borsa heavy board representation.

China province head apologizes in slave labor storm

The governor of the Chinese province shaken by a slave labor scandal publicly apologized on Friday, as officials described farmers, children and mentally impaired people snatched into a grim rural underworld.

Optimism for Home Values

Despite slow sales in the past four years, Americans believe their homes are worth more now than a year ago.

Gold off 1-week low, Tokyo futures extend losses

Gold held steady on Friday after falling to a one-week low the previous day, while bullion contracts in Tokyo extended losses as cautious investors digested a plan by the Japanese exchange to boost liquidity.

Oil rises above $71 on Nigeria strike fears

Oil jumped more than a dollar to top $71 a barrel on Friday on fears a strike by Nigerian unions could intensify and disrupt shipments from the world's eighth-largest exporter.

U.S. general laments Google Earth capability

The head of U.S. Air Force intelligence and surveillance on Thursday said data available commercially through online mapping software such as Google Earth posed a danger to security but could not be rolled back.

Blackstone IPO raises $4.13 bln

Blackstone Group LP, the largest private equity firm to go public, said on Thursday it raised $4.13 billion in an initial public offering priced at the top of a forecast range in the biggest U.S. IPO in five years.

Group urges fine-tuning of US Fed credit card plan

Consumer groups urged the Federal Reserve on Thursday to make minor changes to a proposal requiring more disclosures by credit card companies to help consumers understand various fees and interest rates.

Dow Jones premium price likely a one-time deal

News Corp.'s $5 billion bid for Dow Jones & Co. Inc. may have fueled a modest rally among newspaper stocks but it's unlikely to spark similar deals or push publishing sector takeover values higher, analysts say.

Yen, Swiss franc suffer as high-yielders gain

The dollar gained against the Swiss franc on Thursday and approached a four-and-a-half-year high against the yen as investors continued to punish low-yielding currencies in a quest for higher returns.

GE, Pearson drop Dow Jones takeover pursuit

General Electric Co. and Pearson Plc said on Thursday they will not pursue a joint offer for publisher Dow Jones & Co. Inc., removing a potential challenge to a $5-billion bid by Rupert Murdoch's News Corp.

Sony to Increase Output of Games for PS3

Sony Corp. expects a steep increase in the number of game titles released for its flagship Playstation 3 game console, aiming to help the unit's slumping sales, according to a published report.

MySpace Launches Instant Messenger

MySpace Launches Instant Messenger News Corp.'s (NSADAQ: NWS) popular social networking site, MySpace, said it officially launched a test version of its instant messaging program, dubbed MyspaceIM.

H&R Block Shares Drop on 4Q Loss

H&R Block Inc. (NYSE: HRB) reported a fourth quarter loss on Thursday, on the poor performance of its mortgage lending arm, sending shares down nearly 4 percent.

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