Sprint raises Clearwire bid, wins key investor support
NEW YORK (Reuters) – Sprint Nextel Corp raised its buyout offer for Clearwire Corp to $5 per share on Thursday and announced support from a key group of dissident shareholders, likely ending a bitter battle with rival suitor Dish Network Corp.
EU to decide who pays when banks fail
LUXEMBOURG (Reuters) – The European Union will seek on Friday to forge rules to force losses on large savers when banks fail, a sensitive reform that could shape how the euro zone deals with its sickly banks.
Exclusive: Banks vie to run Wal-Mart’s coveted $15 billion retirement plan
(Reuters) – Wal-Mart Stores Inc is considering bids from retirement plan managers to run its $15.6 billion 401(k) program, which has been administered by Bank of America’s Merrill Lynch unit for 15 years, according to three sources familiar with the si…
Analysis: Anxiety grows as stock market learns to walk on its own
NEW YORK (Reuters) – The stock market has been put on notice by the Federal Reserve: from here on in, you’re on your own.
Investors hit hard as Apple bonds tank
June 20 (IFR) – Investors in Apple’s record U.S. $17 billion bond deal have suffered some of the biggest losses in recent investment-grade new issues, with about $760 million wiped off the value of longer-maturing Apple securities that they bought just…
Itochu, Mitsui invest $1.5 billion in BHP mine
LONDON (Reuters) – Japanese trading houses Itochu Corp and Mitsui & Co Ltd will invest a combined $1.5 billion in BHP Billiton’s Jimblebar iron ore mining hub in Australia, the world’s largest miner said on Thursday.
Boulder Brands bets on gluten-free foods to spur sales
(Reuters) – Boulder Brands Inc expects its Natural foods business to account for three-quarters of total sales within the next three to five years, driven by a growing appetite for specialized foods, particularly gluten-free products.
Perelman company reaches another settlement with U.S. government
(Reuters) – A company owned by Ronald Perelman has agreed to pay $720,000 to settle U.S. Department of Justice charges over a stock purchase, the second time this month that the billionaire financier agreed to penalties to resolve civil charges by the …
American Express names McKesson’s Campbell as CFO
(Reuters) – American Express Co named Jeffrey Campbell as its chief financial officer, replacing Daniel Henry, who will retire later this year.
Bernanke suddenly no friend to big bond funds
NEW YORK (Reuters) – Ben Bernanke, the central bank chief whose massive stimulus program drove bond yields to historical lows and minted a mountain of profit for fixed-income funds along the way, is now the arch nemesis of bond mavens.
