|
Google says it has China's approval for Motorola deal |
Sat May 19, 2012 9:23pm EDT
(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones.
Google, which will be the newest entrant to the handset market, announced plans for the acquisition last year in a bid to secure Motorola's valuable patents and pave the way for a pairing of Google's Android mobile software and Motorola's handset business. |
|
Read more...
|
|
|
Under pressure, Chesapeake cuts director pay |
|
By Anna Driver
Fri May 18, 2012 5:51pm EDT
(Reuters) - Chesapeake Energy Corp (CHK.N), under growing pressure from shareholders to improve corporate governance, reduced the compensation for its outside directors by 20 percent and eliminated their use of its aircraft for personal travel, the company said on Friday.
Chesapeake and its board have come under fire in recent weeks after Reuters reported, among other things, that Chesapeake CEO Aubrey McClendon had taken out more than $1 billion in previously undisclosed loans using his interest in company wells.
|
|
Read more...
|
|
Historic Facebook debut falls flat |
By Alexei Oreskovic
SAN FRANCISCO |
Fri May 18, 2012 8:53pm EDT
SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close.
Facebook shares began trading late Friday morning and opened 11 percent above the $38 offering price, but after peaking at about $45 slid rapidly at the end of the day to close at $38. |
|
Read more...
|
|
Manulife, Metlife submit bids for ING Asia sale: sources |
By Denny Thomas
HONG KONG |
Sat May 19, 2012 1:32am EDT
HONG KONG (Reuters) - Manulife Financial Corp (MFC.TO) and Metlife (MET.N) are among the companies that have submitted first round bids for ING's entire Asia life insurance business, sources said on Saturday, in what could be the largest Asia M&A insurance deal ever.
ING's long awaited sale of Asian life insurance and the asset management units will help the Dutch bancassurer to partly repay the 3 billion euros ($3. |
|
Read more...
|
|
Wall St Week Ahead: The market is oversold, but major signs say "sell" |
By Angela Moon
NEW YORK |
Fri May 18, 2012 6:35pm EDT
NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions.
With the corporate earnings season drawing to an end and recent U. |
|
Read more...
|
|
|
|
|
|
|
Page 1 of 47 |
