Today: BUSINESS News, Aug 18, 2011 (2)

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Aug 18, 2011

BUSINESS News, Aug 18, 2011 (2)

China's Bright Food Buys Manassen to Tap Global Market
Bloomberg
The two companies hope to “achieve synergies through expanding Manassen Foods' domestic and export business,” they said in an e-mailed statement yesterday, without stating how much Bright Food agreed to pay. On Aug. 15 two people familiar with the ...
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CME Group rivals gain ground in interest rate futures
Crain's Chicago Business
(Crain's) — CME Group Inc.'s upstart New York competitors on interest rate futures, NYSE Liffe US and its clearing partner New York Portfolio Clearing, appear to be gaining traction. Citigroup GlobalMarkets Inc. said Wednesday that it has begun ...
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SABMiller's S$12b bid for Foster's turns hostile
TODAYonline
SYDNEY - SABMiller's A$9.51 billion (S$12 billion) bid for Australian brewer Foster's Group turned hostile Wednesday when the global brewing giant made a conditional, off-market cash offer to shareholders at the same price that Foster's board rejected ...
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PPB in final lap of flour business buy
The Edge Malaysia
SINGAPORE: Billionaire Robert Kuok's PPB Group Bhd will soon complete the purchase of a 20% stake in Wilmar International Ltd's China flour-milling business. PBB sold 20% of its flour milling arm FFM Bhd to the Singapore-listed global agribusiness ...
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ANZ Bank's Asia Business, US Economy
Bloomberg
18 (Bloomberg) -- Gilles Plante, Australia & New Zealand Banking Group Ltd.'s chief executive officer for Northeast Asia, Europe and America, talks about the global financial markets and the US economy. Plante also discusses the bank's business ...
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Subdued Perry Courts Support in New Hampshire After Barb Aimed at Bernanke
Bloomberg
By Lisa Lerer - Thu Aug 18 04:01:15 GMT 2011 A calmer, quieter Rick Perry toured New Hampshire yesterday, promoting a focused message of job creation and economic growth before audiences packed with local business leaders. The Texas governor, who began ...
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Lenovo's Net Profit Nearly Doubles
Wall Street Journal
Lenovo warned of challenges to world-wide PC demand, such as the pace of globaleconomic recovery, but said the China PC market is likely to continue "to show gradual improvement." Lenovo, which bought International Business Machines Corp.'s ...
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Wall Street Journal
Pittsburgh a finalist for young leaders' summit
Pittsburgh Tribune-Review
The annual global leadership development forum brings together 18- to 29-year-old representatives of corporate and nonprofit sectors to talk about issues such as global business and health along with the environment, the changing media landscape and ...
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New IoD chief’s call for radical shake-up
Yorkshire Post
“Only the most competitive countries can thrive in today's global economy. Britain has lost its competitive edge and radical reform is the only route to sustainable growth, stability and long-term job and wealth creation.” The IoD lobbies politicians ...
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Tanzania`s economy to grow 6.7 per cent in 2011 - analysts
IPPmedia
Tanzanian Finance Minister Mustafa Mkulo said the country's economic performance was dependent on prevailing global economic conditions, which have taken a battering with US and euro zone debt woes. The current account balance is seen with a deficit of...
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IPPmedia
Our strategy is to consolidate, scale and acquire
Livemint
At $8 billion (around `36300 crore), Dell Inc.'s services business is bigger than most information technology (IT) services companies in the country, says Suresh Vaswani, who recently joined the company as chairman of its India operations and executive ...
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Volkswagen Isn't Interested in Buying GM's Opel, Labor Head Says
Bloomberg
(GM)'s Opel unit because the manufacturers' operations don't fit together, said Bernd Osterloh, the head of VW's works council. “How would that happen?” Osterloh, who is also VW's deputy supervisory-board chairman, said at a Hamburg business- ...
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DIARY-Federal Reserve Events
Reuters
DALLAS - Federal Reserve Bank of Dallas President Richard Fisher speaks on "US Monetary Policy in a Global Context" before the National Association for Business Economics "New Horizons forGlobal Economic Landscape" conference, 1500 CDT/1600 EDT/2000 ...
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Digesting the Kraft Split: Global Snacks and North American Foods
Seeking Alpha
... Whip or a s'more with Honey Grahams with Kraft Jet-Puffed marshmallow and Cadbury Chocolate). Some of the separation could literally get sticky. K-NAG could also use a premium coffee (like Gevalia) since Kraft lost the Starbucks retail business. ...
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Expand your Galaxy with Belkin Accessories
Business Wire India (press release)
Firstly, it will ensure the consumers' peace of mind as both the organizations are trusted brands and recognized global leaders. Belkin's logo will guarantee compatibility and fit with Samsung Galaxy models. Secondly, it will facilitate one-stop-shops ...
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A Second Great Depression, or Worse?
New York Times (blog)
By SIMON JOHNSON With the United States and European economies having slowed markedly according to the latest data, and with global growth continuing to disappoint, a reasonable question increasingly arises: Are we in another Great Depression? ...
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San Miguel acquires Exxon Mobil's downstream business in Malaysia
GMANews.TV
In selling its downstream business in Malaysia, Exxon Mobil said it would focus its Malaysianbusiness in upstream, chemicals, lubricants, and global business support. “Exxon Mobil's Malaysian downstream business is attractive to San Miguel given that ...
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CrowdGather to Present at Rodman and Renshaw Annual Global Investment ...
MarketWatch (press release)
Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company's business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United ...
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A.M. Best Affirms Ratings of Everest Re Group Ltd., Its Subsidiaries and ...
MarketWatch (press release)
OLDWICK, NJ, Aug 17, 2011 (BUSINESS WIRE) -- AM Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of "aa-" of Everest Re Group Ltd.'s(Everest Re) (Bermuda) [NYSE: RE] reinsurance and insurance ...
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Hedge Fund Blue Ridge Capital Reports Second Quarter Picks
GuruFocus.com
Global Crossing provides telecommunications solutions over the world's first integratedglobal IP-based network. Global Crossing Ltd. New has a market cap of $1.95 billion; its shares were traded at around $31.22 with and P/S ratio of 0.7. ...
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GuruFocus.com
Taiwan?s NCKU 67th in Global Webometrics Ranking
Newsday (subscription)
Nation Newsday > News > Nation Taiwan's NCKU 67th in Global Webometrics Ranking Published: August 17, 2011 10:13 PM By The Associated Press TAINAN, Taiwan - --(BUSINESS WIRE)--Aug. 18, 2011-- Taiwan-based National Cheng Kung University (NCKU) ranks the ...
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Manufacturers keep the cash
Minneapolis Star Tribune
Cash reserves for nonfinancial companies in the Standard & Poor's 500 index are now about 47 percent bigger than in the second quarter of 2008, according to Capital IQ, a New York-basedbusiness research firm. Cash holdings have grown even more for ...
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Brian Hierholzer of Artisan Infrastructure Honored in Fourth-Annual MSPmentor ...
istockAnalyst.com (press release)
Brian Hierholzer, President and CEO, Artisan Infrastructure was selected for Nine Lives Media Inc.'sfourth annual MSPmentor 250, a global report that identifies the world's leading managed service executives, entrepreneurs, experts, ...
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Deere 3Q Profit Rises 15% On Stronger Sales
Wall Street Journal
They stressed that the ongoing theme of rising global demand for farm commodities remains intact and continues to fuel sales growth at Deere. "The global ag fundamentals are still extremely strong," said Treasurer Marie Ziegler, during a conference ...
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A Northrop chronology
Los Angeles Times
s military and electronics business. 1997: Logicon Corp., developer of an automated mail-sorting system for the US Postal Service, is acquired. 1999: Northrop buys Teledyne Ryan Aeronautical, the developer of the high-altitude, long-range Global Hawk ...
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US HOT STOCKS: Dell, Target, First Solar, Staples
Wall Street Journal
(EK, $2.46, +$0.32, +14.72%) shares surged as Bloomberg News reported the company may hold patents worth five times more than the business itself, citing data it has compiled. Flowers Foods Inc.'s (FLO, $19.67, -$1.64, -7.70%) second-quarter earnings ...
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Amazon reaches 1 in 5 worldwide Internet users
Washington Business Journal
Other top sites included eBay Inc. , which reached 16.2 percent of global Internet visitors, and China's Alibaba.com Corp., which drew 11.3 percent of the world's Internet surfers in June. Apple Inc. 's worldwide sites drew 9.7 percent of the worldwide ...
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Guardian Loses Fight for Web Readers Even After Taking Out Murdoch Tabloid
Bloomberg
The Guardian has pursued an aggressive digital strategy, going further than any other British paper in establishing its website as a global hub for commentary and analysis. In addition to applications for Apple Inc. (AAPL)'s iPhone and iPad as well as ...
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US Stock Futures: HOT STOCKS TO WATCH
Wall Street Journal
(EK) shares surged 19% to $2.55 premarket as Bloomberg News reported the company may hold patents worth five times more than the business itself, citing data it has compiled. Chico's FAS Inc.'s(CHS) second-quarter results topped analyst estimates as ...
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Sprint and Mobilitie Extend Relationship to Enable Network Vision
MarketWatch (press release)
OVERLAND PARK, Kan., Aug 17, 2011 (BUSINESS WIRE) -- Sprint /quotes/zigman/240259/quotes/nls/s S +3.62% today announced it has amended important contracts with Mobilitie to help enable the delivery of next-generation networks through Sprint's Network ...
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FLSmidth to acquire Phillips Kiln Services Ltd.
Reuters
With a significant geographical footprint, Phillips Kiln Services offers a unique network of local specialists, who can service FLSmidth's global customers locally. "We continuously seek to strengthen the services we provide to our customers. ...
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Directive CEO Chris Chase Listed in Fourth-Annual MSPmentor 250 Report
PR.com (press release)
Oneonta, NY, August 18, 2011 --(PR.com)-- Directive, a leading provider of IT and Web Services, announced today that its CEO Chris Chase has landed on Nine Lives Media Inc.'s fourth-annual MSPmentor 250, a global report that identifies the world's ...
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Strategy Analytics: Connected Devices will account for 70 percent of Consumer ...
Business Wire (press release)
Internet connectivity has become a key feature for the majority of CE devices, whose global installed base will reach the two billion unit mark by the end of the year. “While connected flat panel TVs, set-top boxes and DVRs still represent a small ...
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Barclays Sees 'Real Competition' From China
Bloomberg
Most of the biggest global investment banks -- including Goldman Sachs, Morgan Stanley, Citigroup Inc. and JPMorgan Chase & Co. (JPM) -- either operate or are setting up local joint ventures, allowing them to underwrite stock and bond sales in the ...
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Cavotec and INET Merge Strengths in the Global Airport Market Through Cavotec ...
Newsday (subscription)
Nation Newsday > News > Nation Cavotec and INET Merge Strengths in the Global Airport Market Through Cavotec's Acquisition Of INET Airport Systems Published: August 17, 2011 12:13 PM By The Associated Press STOCKHOLM, Sweden - --(BUSINESS WIRE)--Aug. ...
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Ultrabooks! More dramatic than a Shark attack…
SemiAccurate
It appears that Global Foundries is poaching some of TSMC's business. Fuad Abazovic reported the possibility of upcoming graphics chips and bobcat based APU's coming from Global Foundries rather than TSMC, the perennial producer of the two. ...
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Which Carrier Is Google Likely to Swallow?
Seeking Alpha
The carrier business, unlike the software and hardware business, is highly territorial, so Google may decide it wants to sell global phones rather than buy an American cellular provider. But if the Google guys haven't at least toyed around with a deal ...
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Challenges Facing Entrepreneurs
PBS Nightly Business Report
But now it`s very hard to do. So people are opting for safety. They`re going -- even with high unemployment they`re going back into the job market and they`re staying away from the extra risk of trying to start a business. GHARIB: So what would they ...
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Perry's Swagger on Bernanke May Raise Doubts Beyond Texas
San Francisco Chronicle
Perry's comment about Bernanke and his remark about the US needing a president "that's in love with America" -- implying to some that he was saying Obama isn't -- and his stand on globalwarming may play well with Tea Party activists and social ...
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CORRECT: NetApp 1Q Profit Off 7.4% On Items; CFO Will Retire At Year End
Wall Street Journal
s (LSI) external storage systems business for $480 million to meet growing demand. Sales fell short of expectations in the latest quarter, however. "Despite the challenging macroeconomic environment modestly impacting our revenue growth, NetApp still ...
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Nickel futures up on global cues, spot demand | China business news
By CBN
Nickel futures up on global cues, spot demand. ... Stay informed everyday. Subscribe to free RSS and email updates from China Business News. Subscribe via Email · Subscribe in a Reader · Follow us on Twitter · Connect on Facebook ...
China business news
Wall Street Report: European Debt Crisis Affecting Global Markets ...
By Jeanette Torres
Business and Economic News and Headlines From ABC News Radio.
Business News - ABC News Radio
Government to develop energy-demand-labelling system for buildings ...
By ekow
He stressed the need for Ghana to adopt the United Nations Environment Programme (UNEP) to convert existing buildings to environmentally friendly Green buildings to help reduce global carbon gas emissions by at least 1.8 tonnes per year ...
Ghana Business News
Aug 17: Vietnam gold continues to trade ... - VIET NAM BUSINESS NEWS
By VBN
Aug 17: Vietnam gold continues to trade premium to global market, dollar stable.
Vietnam Business News
Global debt crisis: Markets enter 'new danger zone ... - Business
News: Business News; Global markets in 'danger zone' - BBC; Europe's Debt Crisis Poses Danger... Time Warner Cable to Buy Insight for $3B: Report - s Blog ...
business.rawsignal.com/news/Story.aspx?mode=0...d...

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