Financial news on March 10th, 2006
Business and Financial news
Brinks, following a round of activist activity, authorized a Dutch auction self-tender offer for as many as 10 million of its shares, or about 17 percent of its outstanding stock. The tender price range will be $47.50 to $52.50 per share. There are 58.7 million outstanding shares. Go to Article from TheStreet.com » Read more..
Kenneth Griffin is quite happy to tell the Chicago Tribune about how well his hedge fund is doing so far this year. Well, not happy enough to disclose firm numbers — but he did say that the year-to-date performance at Citadel Investment Group‘s biggest fund, Kensington, was better than the anemic 7 percent gain it […] Read more..
eBay yesterday joined five other investors to purchase a minority share in community Web site Meetup.com. The investment will total just more than 10% equity interest in Meetup.com, which connects folks to affinity groups like stay-at-home moms or Chihuahua lovers for offline gatherings. Go to Article from BusinessWeek » Read more..
The London Stock Exchange is to investigate the suitability of Robert Bonnier, the colorful entrepreneur, to head a listed company again after he announced his comeback this week. The Exchange, which regulates the AIM market, is thought to have concerns about Mr. Bonnier, who was fined 290,000 pounds by the Financial Services Authority 15 months […] Read more..
Hedge fund blowups make for scary headlines but so far they have not frightened investors into looking more closely at how these slightly regulated funds operate before putting money in, new research shows. Go to Article from Reuters via CNN Money » Read more..
It may be in the market for a buyer, but the London Stock Exchange is apparently not impressed with a recent approach from the Nasdaq Stock Market. The London exchange said midday Friday that it had rejected an offer from the Nasdaq to acquire it for 950 pence per share in cash, or about $4 […] Read more..
Pitney Bowes , the largest supplier of postage meters and mailing machines in the United States, said on Thursday that it had agreed to sell its Imagistics International Inc. lease portfolio to De Lage Landen Operational Services LLC, a unit of Rabobank Group of the Netherlands, for $280 million to $290 million. Go to Article […] Read more..
The Securities and Exchange Commission, which gained more authority to punish corporate wrongdoing in a government crackdown on fraud four years earlier, is going too far, according to a U.S. Chamber of Commerce. The Washington, D.C.-based group, which lobbies for 3 million U.S. companies and 830 business associations, said in a report Thursday that it’s […] Read more..
Bluespec has received $4.5 million in its second round of funding from Atlas Ventures and North Bridge Venture. To date, Bluespec, which makes electronic design automation tool sets, has received a total of $13 million in funding from Atlas Venture and North Bridge Venture Partners. Go to Article from The Boston Business Journal » Read more..
New York Stock Exchange Chief Executive John Thain said on Thursday that he aims to play an active role in the next round of consolidation in the exchange sector, and that worries about competition from overseas rivals had driven the Big Board’s move to go public. Thain’s remarks, made to a banking committee hearing in […] Read more..
Values are reported in US Dollars
|Johnson & Johnson||JNJ||58.65||59.04||58.50||59.04||9.24M|
|Procter & Gamble||PG||61.45||62.44||61.45||62.25||8.51M|
|Walt Disney & Co.||DIS||28.04||28.30||27.94||28.16||8.2M|
|International Business Machines||IBM||81.03||82.25||81.03||81.57||4.79M|
|Wells Fargo & Co.||WFC||63.90||64.41||63.70||64.25||3.17M|
Exchange Rates of March 10th, 2006
|US Dollar||Japanese Yen||1 USD = 119.060 JPY||1 JPY = 0.008 USD|
|US Dollar||Canadian Dollar||1 USD = 1.161 CAD||1 CAD = 0.861 USD|
|US Dollar||Swiss Franc||1 USD = 1.317 CHF||1 CHF = 0.760 USD|
|US Dollar||Chinese Yuan||1 USD = 8.050 CNY||1 CNY = 0.124 USD|
|Euro||Japanese Yen||1 EUR = 141.840 JPY||1 JPY = 0.007 EUR|
|Euro||Pound Sterling||1 EUR = 0.690 GBP||1 GBP = 1.449 EUR|
|Euro||Australian Dollar||1 EUR = 1.610 AUD||1 AUD = 0.621 EUR|
|Euro||Canadian Dollar||1 EUR = 1.383 CAD||1 CAD = 0.723 EUR|
|Euro||Swiss Franc||1 EUR = 1.568 CHF||1 CHF = 0.638 EUR|
|Pound Sterling||Australian Dollar||1 GBP = 2.333 AUD||1 AUD = 0.429 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2.004 CAD||1 CAD = 0.499 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2.272 CHF||1 CHF = 0.440 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.849 CAD||1 CAD = 1.178 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.963 CHF||1 CHF = 1.039 AUD|