Archive for the ‘Business News’ Category
Hershey mulls $17 billion solo bid for Cadbury: source
(Reuters)
Reuters – U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.
Stocks could sputter with Black Friday eyed
(Reuters)
Reuters – U.S. stocks could sputter next week as volumes dry up in holiday-shortened trading and with a slew of economic reports likely to illustrate the recovery is still fragile.
GE-Vivendi talks over NBC Universal stalled: report
(Reuters)
Reuters – Talks between General Electric and Vivendi over the future of NBC Universal have stalled, the New York Times reported on Friday night.
Paulson’s golden investors have to commit $10 million
(Reuters)
Reuters – Investors tempted to put money into star hedge fund manager John Paulson’s new gold portfolio will have to commit at least $10 million and leave the money locked up for at least one year, according to a prospectus.
U.S. Q3 seen revised down on widening trade deficit
(Reuters)
Reuters – The U.S. economy’s return to growth in the third quarter was less brisk than previously thought as the trade deficit worsened and companies still aggressively cut inventories, a Reuters survey predicted.