IBT Staff Reporter

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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.
Jun 22, 2007

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.
Jun 22, 2007

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.
Jun 22, 2007

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.
Jun 22, 2007

Optimism for Home Values

Despite slow sales in the past four years, Americans believe their homes are worth more now than a year ago.
Jun 22, 2007

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.
Jun 22, 2007

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.
Jun 22, 2007

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.
Jun 22, 2007

AT&T hires 2,000 extra workers for iPhone launch

AT&T Inc. said on Thursday it has hired 2,000 temporary store workers to handle its much-hyped introduction of the iPhone, the first cell phone from iPod music player maker Apple Inc.
Jun 22, 2007

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.
Jun 21, 2007

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.
Jun 21, 2007

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.
Jun 21, 2007

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.
Jun 21, 2007

Stocks gain on rally in semiconductors

Stocks rebounded on Thursday after brokerage upgrades sent the semiconductor sector to a 13-month high and fresh data pointed to a growing economy.
Jun 21, 2007

Weakening Yen boosting prices of goods in Japan

Consumers in Japan may be feeling increasingly uneasy as the weakening yen and recent rises in the price of crude oil and raw material costs are making commodities in Japan more expensive.
Jun 21, 2007

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.
Jun 21, 2007

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.
Jun 21, 2007

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.
Jun 21, 2007

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.
Jun 21, 2007

Nvidia Sees New High on New Chip, Margins

Shares of graphics chip maker Nvidia Corp. (NASDAQ: NVDA) traded at an all time high on Thursday after the company gave an upbeat outlook for the near-term and it introduced a new high-end desktop product.
Jun 21, 2007

Gold extends losses, hits one-week lows

Gold extended losses on Thursday to slip to its lowest in nearly a week as a firmer dollar and rising bond yields triggered more selling, traders said.
Jun 21, 2007

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