Standard & Poor’s on Wednesday announced that Apple Inc. will join its prestigious S&P 100 index of big blue-chip companies.
The consumer electronics maker will replace MedImmune Inc., a biotechnology company being acquired by Anglo-Swedish group AstraZeneca Plc.
The S&P 100, a subset of the S&P 500, is comprised of 100 leading U.S. stocks with exchange-listed options. […]
Tribune Company today announced the final results of its tender offer which expired at 5:00 p.m., New York time, on Thursday, May 24, 2007. Tribune has accepted for payment 126,000,000 of the 218,132,108 shares tendered in the tender offer, at a price of $34.00 per share. The shares tendered represent approximately 90 percent of shares […]
Manchester Inc. (OTC Bulletin Board: MNCS) today announced that the Company has signed a definitive agreement to acquire all of the outstanding stock of JC Wink Inc., doing business as “Americars,” in an all cash transaction. The agreement targets a closing date of June 4, 2007 or as soon thereafter as all contemplated due diligence […]
Brazil’s central bank said on Wednesday it will hold an auction to buy U.S. dollars on the spot foreign exchange market as part of an ongoing effort to build up international reserves.
The Brazilian currency, the real (BRBY: Quote, Profile, Research, was 0.31 percent stronger at 1.944 per dollar after the announcement. The real has traded […]
Four current and former Ernst & Young LLP partners were charged today with conspiracy and other crimes for peddling abusive tax shelters to the accounting firm’s monied clients, the latest advance in the government’s largest-ever tax fraud investigation.
Ernst, one of the nation’s four biggest audit firms, apparently has avoided criminal charges, but high-ranking officials, including […]
The Bank of Italy said its auction of seven-year treasury certificates (CCTs) was 79.34 pct oversubscribed, while the yield was up from the previous auction.
The bank received 3.587 bln eur of bids for the 2.000 bln on offer, while the yield rose to 4.25 pct from 4.14 previously, the bank said.
The price established was 101.04, […]
The UK’’s Debt Management Office said it has scheduled seven gilt auctions for the July to September period this year.
In its quarterly meeting with gilt market participants, the DMO agreed to hold four auctions for conventional gilts and three for index-linked gilts.
The conventional auctions will be held on July 3, Aug 9, Sept 11 and […]
U.S. government bond prices were steady at lower levels on Tuesday after a mixed reception to an $18 billion auction of new two-year notes.
The auction fetched a bid-to-cover ratio, a gauge of overall demand, of 2.53, below the 2.93 at April’s auction but above the 2006 average of 2.41.
The indirect bids which encompass demand from […]
The Federal Trade Commission has asked Google for more details about its proposed $3.1 billion purchase of online advertising company DoubleClick as part of an investigation into whether the deal raises antitrust concerns, a Google executive said yesterday.
The executive said the company learned Friday that an initial 30-day waiting period had expired without the FTC […]
Greece has accepted 1.92 bln eur out of a total of 6.38 bln eur in bids for its reissued five-year bond auction, the Greek Public Debt Management Agency said.
The five-year bonds have a fixed coupon of 4.1 pct and expire on August 20, 2012.
The weighted average yield came in at 4.41 pct, and the weighted […]
