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Alaska Governor Sarah Palin To Resign
7/3/2009 8:36:23 PM Alaska governor Sarah Palin said Friday that she will resign on July 26 and not seek re-election. Her term of office was due to end in 2010.
Ms. Palin, 45, announced her decision at a hastily convened press conference this morning at her home in suburban Wasilla, Alaska.
She said she has determined...
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Bombardier Wins US$97 Mln Contract To Supply Bombardier Flexity Outlook Trams For LINZ LINIEN GmbH - Update
7/3/2009 10:46:47 AM Friday, manufacturer of innovative transportation solutions Bombardier Inc. (BBD-A.TO,BBD-B.TO ), announced that it has won a contract from the Austrian transport operator, LINZ LINIEN GmbH valued at about US$ 97 million or 69 million euros to supply 23 Bombardier Flexity Outlook trams.
Bombardier...
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Johnson & Johnson Concludes Initial Tender Offer For Cougar Biotechnology - Update
7/3/2009 10:06:12 AM Friday, drug major Johnson & Johnson (JNJ), said that it has concluded the initial offering period of its tender offer for all outstanding shares of common stock of Cougar Biotechnology, Inc. (CGRB). The initial offer was conducted through Kite Merger Sub Inc., a wholly-owned subsidiary of Johnson &...
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DOJ Opens Antitrust Probe Against Google Book Deal
7/3/2009 8:48:12 AM The U.S. Department of Justice has initiated investigation of an antitrust probe against Google Inc. (GOOG) in connection with its Book deal.
In a letter dated July 2, written to the U.S. district court judge Denny Chin, the U.S. Department of Justice said it has opened an antitrust investigation...
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India's Company Law Board To Recall Its Six Satyam Directors: Reports
7/3/2009 7:20:42 AM India's Company Law Board, or CLB, on the government's request, will recall the six directors it had appointed to the board of Satyam Computer Services Ltd. (SAY), now called Mahindra Satyam, the Wall Street Journal reported Friday. The order is expected to come on Friday, as per CLB Chairman Balasubramanian,...
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Ericsson To Provide Fixed-broadband Access To Three Chinese Telecom Operators
7/3/2009 5:33:46 AM Friday, Swedish telecom equipment maker LM Ericsson Telephone Co. (ERIC) said it received contracts to provide fixed broadband access to three Chinese telecom operators, China Mobile Ltd.(CHL), China Unicom Hong Kong Limited. (CHU), and China Telecom Corp. Ltd. (CHA).
The contracts are part of...
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Deaths Reported In U.S. Drone Strikes In Pakistan
7/3/2009 4:53:45 AM Continuing its attacks inside Pakistan's northwest ignoring Islamabad's pleas, an unmanned U.S. drone strike on Taliban targets killed 13 suspected militants Friday, and wounded 20 others near that country's border with Afghanistan, reports say.
A Pakistani intelligence spokesperson said missiles...
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JPMorgan To Hire Hideki Somemiya From Merrill Lynch Japan Securities: Bloomberg
7/3/2009 4:20:12 AM JPMorgan Chase & Co. (JPM) hired Hideki Somemiya from Merrill Lynch Japan Securities Co., to be appointed as managing director and head of its technology, media and telecommunications group next week, reported Bloomberg Friday, quoting two people familiar with the hiring.
Report said, JPMorgan is...
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World Bank Group Reaches Comprehensive Settlement With Siemens AG
7/3/2009 2:25:46 AM The World Bank Group announced a comprehensive settlement with Siemens AG in the wake of the company's acknowledged past misconduct in its global business and a World Bank investigation into corruption in a project in Russia involving a Siemens subsidiary. The settlement includes a commitment by Siemens...
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Bank Of America To Pay $713 Mln. Dividend To Treasury - Update
7/2/2009 5:40:10 PM Thursday, financial services giant Bank of America Corp. (BAC) said that its board has authorized payment of about $713 million in dividend to the U.S. government under the Troubled Asset Relief Program or TARP.
The dividends include a cash dividend of $312.50 per share, or a total of about $188...
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LDK Solar Provides Q2 Revenue Guidance Below Estimates - Update
7/2/2009 5:29:34 PM Multicrystalline solar wafer maker LDK Solar Co., Ltd. (LDK), Thursday provided an update on its guidance for the second quarter, indicating increased shipments during the quarter driven by higher demand. The company also provided its revenue-forecast for the quarter, however, short of Street expectations.
For...
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Duke Energy Reveals Key Managerial Realignment - Update
7/2/2009 1:31:48 PM Electricity producer Duke Energy (DUK), Thursday announced key realignment of management responsibilities, with several changes in leadership responsibilities.
Keith Trent, currently group executive and chief strategy, policy and regulatory officer, was named group executive and president of Duke's...
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INTERVIEW: Ellen Davis Of The NRF: Celebrations Rise For July 4th Weekend
7/2/2009 1:31:16 PM In an interview with RTT News, Ellen Davis of the National Retail Federation says 144 million people will be celebrating Independence Day this year, a rise of 5 million people from last year. "This year because July 4th falls on a Saturday, many people will be celebrating," says Davis, explains that...
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GE Capital Aviation Services Signs Finance Deal With Flydubai For 4 Boeing 737-800 Aircraft - Update
7/2/2009 1:23:57 PM GE Capital Aviation Services, a unit of General Electric Co. (GE) Thursday announced the signing of a deal with Dubai's first low-cost airline flydubai to finance four Boeing B737-800 aircraft. The deal, reportedly worth US$320 million, would bring flydubai's total fleet strength to six.
The sale...
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Philip Morris To Acquire Swedish Match South African Operations - Update
7/2/2009 12:51:19 PM Philip Morris International Inc. (PM) Thursday said it agreed to acquire the South African operations of Swedish Match AB (SWMA, SWMAF.PK) for ZAR 1.75 billion or about $222 million.
Swedish Match's South African affiliate, Swedish Match South Africa (Proprietary) Ltd. or SMSA, manufactures pipe tobacco...
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INTERVIEW: Rich Yamarone Of Argus Research: "If We're Going To Get A Recovery, It's Going To Have To Come From Another Stimulus Package"
7/2/2009 12:50:30 PM In an interview with RTT News, Rich Yamarone, chief economist at Argus Research says the June government payrolls report suggests the economy may experience a "W-shaped" recovery. Yamarone, who initially predicted a V-shaped bounce back, warns "we may flip back again" and experience a "double dip."...
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Hewitt Associates Buys Remaining Interest In Germany's BodeHewitt - Quick Facts
7/2/2009 12:35:15 PM Human resources consulting and outsourcing firm Hewitt Associates Inc. (HEW) said Thursday that it has bought the remaining interest in Germany's BodeHewitt AG & Co. from Bayerische Hypo- und Vereinsbank AG.
Terms of the deal were not disclosed.
BodeHewitt has operated as a joint venture since...
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GlaxoSmithKline Acquires Branded Generics Business Of Bristol Myers Squibb In 5 Countries - Update
7/2/2009 12:34:33 PM Thursday, drug maker GlaxoSmithKline plc (GSK, GSK.L) said it acquired the branded generics business of Bristol Myers Squibb (BMY) in Lebanon, Jordan, Syria, Libya and Yemen for a cash consideration of $23.2 million or GBP 14.2 million. The move is indicated to be in line with its strategy to accelerate...
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Talbot Closes Sale Of J.Jill Brand - Update
7/2/2009 12:14:15 PM Women's apparel and accessories retailer The Talbots Inc. (TLB), Thursday said it completed the previously announced sale of the J. Jill brand business to Jill Acquisition LLC, an affiliate of Golden Gate Capital, a San Francisco-based private equity investment firm. Shares of Talbots are currently trading...
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EDCI CEO Resigns, Names Replacement - Update
7/2/2009 12:09:00 PM Thursday, EDCI Holdings, Inc. (EDCI), the holding company of Entertainment Distribution Company, Inc., announced the resignation of Robert Chapman, Jr. as chief executive officer and a board member, effective July 2, 2009. The company also named interim chief Clarke Bailey as the new CEO.
Currently,...
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