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United Tech rejects Honeywell’s $90.7 billion offer
February 27, 2016 by admin · Leave a Comment
U.S. industrial conglomerate United Technologies on Friday rejected a $90.7 billion offer by rival aerospace supplier Honeywell International Inc, saying that pursuing a merger would be “irresponsible” toward its shareholders. United Technologies Corp said the two companies had talked about a possible combination for years. United Tech's filing came hours after Honeywell spelled out the details
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United Tech rejects Honeywell’s $90.7 billion offer
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Hedge funds betting against China eye ‘Soros moment’
January 26, 2016 by creative · Leave a Comment
By Patrick Graham LONDON (Reuters) – A handful of mainly U.S.-based macro hedge funds have led bets against China's yuan since late last year and the coming weeks should tell how right they are in predicting a devaluation…
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Hedge funds betting against China eye ‘Soros moment’
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Lockheed seals services deal with Leidos, forecasts profit below view
January 26, 2016 by admin · Leave a Comment
By Andrea Shalal WASHINGTON (Reuters) – Lockheed Martin Corp on Tuesday announced a $5 billion tax-free deal to combine its information systems and government services business with Leidos Holdings Inc , and forecast a lower-than-expected profit in 2016. Lockheed's shares fell as much as 5 percent amid confusion over future prospects for the Pentagon's No. 1 supplier, although the stock recovered after Lockheed officials reassured analysts they still expected rising sales and earnings in coming years. Lockheed was
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Lockheed seals services deal with Leidos, forecasts profit below view
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DuPont doubles down on cost cuts ahead of Dow Chemical merger
January 26, 2016 by publisher · Leave a Comment
(Reuters) – Chemicals and seed producer DuPont's quarterly profit topped analysts' estimates as the company intensifies its cost-cutting efforts ahead of its merger with Dow Chemical Co . DuPont said on Tuesday it was looking to cut its costs in 2016 by $730 million from 2015-levels. The company's previous cost-reduction plan, launched under former CEO
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DuPont doubles down on cost cuts ahead of Dow Chemical merger
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Wall St. opens flat, set to end the month higher
November 30, 2015 by admin · Leave a Comment
The three major indexes were set to end the month higher for the second straight month. While the U.S. central bank is likely to raise interest rates for the first time since June 2006, the European Central Bank is expected to unveil fresh monetary easing measures on Thursday. “We're coming off a quiet holiday week and we have a lot of hurdles to cross this week with all the data that we're expecting,” said Scott Brown,
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Wall St. opens flat, set to end the month higher
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Dorsey’s Square jumps in market debut, offering hope to startups
November 19, 2015 by creative · Leave a Comment
Shares of Square Inc, the mobile payments company co-founded and still run by Twitter Inc Chief Executive Jack Dorsey, rose as much as 64 percent in their market debut, offering hope to tech startups hoping to go public. The steeply discounted price had raised questions about what it could mean for so-called “unicorns” – start-ups worth at least $1 billion – that may …
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Dorsey’s Square jumps in market debut, offering hope to startups
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NYSE-owner ICE to buy commodities trading platform for $650 million
November 16, 2015 by admin · Leave a Comment
(Reuters) – Intercontinental Exchange Inc , the owner of the New York Stock Exchange, said it would buy commodities trading platform Trayport from BGC Partners Inc and GFI Group Inc for about $650 million in stock.
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NYSE-owner ICE to buy commodities trading platform for $650 million
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NYSE-owner ICE to buy commodities trading platform for $650 million
November 16, 2015 by elegant · Leave a Comment
(Reuters) – Intercontinental Exchange Inc , the owner of the New York Stock Exchange, said it would buy commodities trading platform Trayport from BGC Partners Inc and GFI Group Inc for about $650 million in stock.
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NYSE-owner ICE to buy commodities trading platform for $650 million
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Ex-Goldman employee pleads guilty over N.Y. Fed leaks
November 5, 2015 by elegant · Leave a Comment
By Brendan Pierson and Nate Raymond NEW YORK (Reuters) – A former Goldman Sachs Group Inc employee pleaded guilty on Thursday to illegally obtaining confidential information from a former colleague at the Federal Reserve Bank of New York. Rohit Bansal, a former associate at Goldman Sachs, pleaded guilty to a…
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Ex-Goldman employee pleads guilty over N.Y. Fed leaks