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Archive for May 12th, 2008HP in ‘advanced discussions’ to buy EDSPosted by UK Economy News
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12May 08 Hewlett-Packard Co. said Monday it is in "advanced discussions" with Electronic Data Systems Corporation (EDS) regarding a possible tie-up involving the two companies.
Read full story Morgan Stanley, rivals raise billions for infrastructure projectsPosted by UK Economy News
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12May 08 US investment bank Morgan Stanley said Monday it had raised four billion dollars for a new investment fund that will target large-scale global infrastructure projects.
Read full story Comments Off Chavez nationalizes biggest steelmakerPosted by UK Economy News
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12May 08 Venezuelan President Hugo Chavez on Monday nationalized the country's biggest steelmaker Ternium-Sidor, which is majority owned by Argentina's Techint.
Read full story Comments Off Clear Channel in settlement talksPosted by UK Economy News
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12May 08 Talks are underway to settle a dispute over financing the $20 billion (10.2 billion pound) leveraged buyout of U.S. radio operator Clear Channel Communications , the company said in a statement on Monday.
Read full story Comments Off Austrian Airlines talks with investor break down: shareholderPosted by UK Economy News
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12May 08 Talks between the owners of Austrian Airlines and a Saudi investor who had agreed to acquire a stake in the airline have broken down, at least temporarily, the main shareholder announced late Monday.
Read full story Comments Off Cablevision to buy Newsday in 650 mln dlr dealPosted by UK Economy News
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12May 08 Tribune Company said Monday it will sell New York daily Newsday to cable operator Cablevision in a 650-million-dollar deal as it pares debt from last year's private equity buyout.
Read full story Comments Off Sprint’s loss widensPosted by UK Economy News
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12May 08 Sprint Nextel , the No. 3 U.S. wireless service provider, said on Monday it may seek changes to its credit agreements, raising questions about how long it will take to turn around the business.
Read full story Comments Off Oil falls from record high on China demand worriesPosted by UK Economy News
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12May 08 BHP Billiton ties up Canadian potash dealPosted by UK Economy News
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12May 08 British-Australian mining giant BHP Billiton said Monday it had agreed to buy Anglo Potash for 284 million Canadian dollars (182 million euros, 282 million US dollars).
Read full story Comments Off ECB head stresses need for price stability amid globalisationPosted by UK Economy News
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12May 08 The head of the European Central Bank on Monday insisted that the forces of globalisation in the world economy made price stabilty essential.
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