Novell rejects $2 billion Elliott Associates offer

2010-03-20T16:15:58Z

<div><p>LOS ANGELES (Reuters) - Novell Inc <NOVL.O> spurned a $2 billion takeover offer from investment fund Elliott Associates on Saturday, calling the bid inadequate and saying it undervalued the business software maker.</p><p>Novell said its board had instead initiated a review of alt...

Canon stake in Oce hiked to 84 pct after tender offer

2010-03-20T02:00:09Z

<div><p>TOKYO (Reuters) - Japan's Canon Inc <7751.T> said its tender offer for shares in Oce NV <OCEN.AS> has raised its stake in the Dutch printer maker to 84 percent, moving closer to its target of turning Oce in...

Airvana expects plunge in 1Q revenue

2010-03-20T02:00:07Z

<div id="subtitle">Airvana estimates 1st-quarter revenue plunged to $3 million or less; board still behind buyout</div><div><p>Airvana Inc., which makes mobile broadband network products, on Friday predicted fiscal first-quarter revenue of $2.5 million to $3 million, 67 percent to 72 percent below the same period last year.</p><p>Airvana also said its board still recommends the company be acquired by 72 <...

Comcast spent $3.5 million lobbying in 4th quarter

2010-03-19T15:45:15Z

<div id="subtitle">Comcast spent $3.5 million lobbying in 4th qtr on NBC Universal joint venture, other issues</div><div><p>Cable operator Comcast Corp. spent $3.5 million in the fourth quarter lobbying Congress on its pending acquisition of a controlling stake in NBC Universal and other issues, according to a disclosure report.</p&g...

Detroit Hospitals Sale

2010-03-19T13:31:39Z

Children's Hospital of Michigan is shown in Detroit Friday, March 19, 2010. The Detroit Medical Center has signed a letter of intent that opens the door for it to be purchased by a private Nashville, US mobile device maker posted more disappointing results and speculation mounted that it could be an acquisition target.</p><p>Shares in the Sunnyvale, California-based company were trading 18.94 percent lower at mid-day at 4.58 dollars.</p><p>

Icahn launches hostile bid for Lions Gate

2010-03-19T07:00:40Z

<div id="subtitle">Icahn makes hostile bid for all of Lions Gate after studio rejects his bid to boost his stake</div><div><p>Activist shareholder Carl Icahn is launching a takeover bid for Lions Gate Entertainment. The disclosure comes a week after the film studio rejected his bid to take a larger stake in the company.</p>&...

Viacom, YouTube air dirty laundry in legal battle

2010-03-19T07:00:32Z

<div id="subtitle">Once-private records depict YouTube founder as video pirate, show Viacom wanted to buy YouTube</div><div><p>Viacom Inc. and Google Inc.'s YouTube site began airing each other's dirty laundry Thursday, providing a tantalizing peek at the wheeling and dealing that triggered a bitter battle over t...

TriQuint Semiconductor hikes 1Q forecast

2010-03-19T01:30:23Z

<div id="subtitle">Chip maker TriQuint Semiconductor hikes forecast for 1st-quarter earnings</div><div><p>TriQuint Semiconductor Inc., which provides chips for mobile gadgets such as Apple's iPhone, hiked its profit forecast for the quarter on Thursday, a sign that demand is improving.</p><p>The news pushed TriQuint shar...

South Korea Samsung Electronics

2010-03-18T22:16:20Z

Shareholders of Samsung Electronics participate at the company's annual shareholders' meeting in Seoul, South Korea, Friday, March 19, 2010. (AP Photo/Lee Jin-man)

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Vimpel Communications posts 4Q profit

2010-03-18T15:00:47Z

<div id="subtitle">Vimpel Communications posts 4th-quarter profit, reversing loss</div><div><p>Russian telecommunications company Vimpel Communications posted a fourth-quarter net profit Thursday, reversing a year-ago loss as it added new mobile and broadband subscribers.</p><p>The company earned $283 million, or 27 cents per American Depositary share, up from a loss of $16.1 million, or 81 cents per AD...

GameStop shares jump on 4Q profit and '10 forecast

2010-03-18T12:30:50Z

<div id="subtitle">GameStop's 4th-quarter results and 2010 forecast top expectations; shares rise</div><div><p>GameStop's fourth-quarter results and 2010 forecast topped Wall Street expectations Thursday and company shares jumped more than 6 percent on its outlook for the year.</p><p>Consumers still don't seem to be shopping like they u...

FedEx profit more than doubles, tops expectations

2010-03-18T11:01:27Z

<div><p>NEW YORK (Reuters) - FedEx Corp <FDX.N> raised its fiscal-year outlook on Thursday after quarterly profit more than doubled, with strong Asian export volumes more than compensating for flat U.S. demand.</p><p>Although the pa...

Correction: Movado earnings story

2010-03-18T10:30:53Z

<div id="subtitle">Correction: Movado earnings story</div><div><p>In a story March 16 about quarterly results from Movado Group Inc., The Associated Press reported erroneously that the company posted net income of 64 cents per share in its fiscal 2009. Instead, the company earned 9 cents a share.</p><img src="http://admatch-syn...

Casual Male Retail Group reports 4Q profit

2010-03-18T09:45:43Z

<div id="subtitle">Casual Male Retail Group reports 4th-quarter profit as cost-cutting offsets sales decline</div><div><p>Men's clothing seller Casual Male Retail Group Inc. on Thursday reported earning a profit in the fourth quarter as it cut costs to compensate for sales being weak.</p><p>Casual Male's profit for the three months that ended Jan. 30 was $3.6 million, or ...

Ross Stores 4Q profit rises on sales gain

2010-03-18T08:16:04Z

<div id="subtitle">Ross Stores 4tg-qtr profit up 47 percent on sales gains as shoppers keep looking for bargains</div><div><p>Ross Stores Inc. said Thursday that its fourth-quarter profit rose nearly 47 percent on a gain in sales of staples like shoes and home items as shoppers kept looking for bargains in the recession.</p><p>The discount retail chain said it earned $142.9 million, or $1.16 per s...

Germany Teva Ratiopharm

2010-03-18T06:00:56Z

FILE - Dec. 2, 2008 file photo shows the the company name and logo of generic medicine company Ratiopharm] on a building of the headquarters in Ulm, southern Germany. Israeli drug maker Teva said Thursday, March 18, 2010 it has beat out other rivals to acquire German generic drug maker Ratiopharm GmbH in a deal worth euro 3.6 billion (US$4.95 billion). LSI Corp. is poised for a series of strong quarters on healthy demand for personal computers, servers and network equipment, according to one analyst.</p><p>Suji De Silva, of Kaufman Bros., upgraded LSI...

KongZhong shares rise on strong report

2010-03-18T00:45:24Z

<div id="subtitle">KongZhong shares rise on quarterly profit jump and strong first-quarter revenue outlook</div><div><p>Shares of KongZhong Corp. jumped on Wednesday after the Chinese wireless entertainment company reported sharply higher fourth-quarter profit and revenue.</p><p>The company also gave a strong first-quarter revenue outlook.</p><p>U.S.-listed shares of KongZhon...

Guess 4Q profit up 80 percent, sales improve

2010-03-17T14:45:20Z

<div id="subtitle">Guess 4th-quarter profit climbs 80 percent, sales improve to handily beat Street estimates</div><div><p>Guess Inc. said on Wednesday that its fiscal fourth-quarter profit rose more than 80 percent on sales increases throughout the apparel maker's business segments.</p><p>In the three months ending Jan. 30, the company earned $86.6 million, or 93 cents per share, compared with earnings o...

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