Financial news on March 14th, 2006
Business and Financial news
Robert Tchenguiz, the property entrepreneur, is poised to launch a bid worth 4 billion pounds for Mitchells & Butlers, the pub and restaurant group behind such brands as All Bar One, Harvester and Vintage Inns. Read more..
Companies and LBO firms are falling over themselves to borrow more for ever bolder deals. Even Vodafone is not considered immune. Why now? Debt is cheap and readily available, but unlikely to stay that way. So borrowers are snapping up debt while stocks last. Go to Article from Breakingviews » Read more..
Bright View Technologies, a Duke University spinoff focused on developing microstructures used in state-of-the-art television sets and other optical displays, announced Monday that it has reeled in $7.5 million in venture funds. Boston-based Battery Ventures led the financing. Go to Article from The Triangle Business Journal » Read more..
Grupo Televisa says it has not decided on participating in the possible sale of Univision Communications, despite reports that it was part of a consortium being formed to weigh a bid. Go to Article from The Houston Chronicle » Read more..
Himax Technologies , which designs and develops semiconductors, registered Monday for an initial public offering of up to $200 million in ordinary shares, according to a filing with the Securities and Exchange Commission. Go to Article from The San Jose Mercury News » Read more..
As shares of Juniper Networks shot up 5 percent on Tuesday, some market analysts attributed the rise to speculation that Ericsson, the Swedish wireless company, might buy the company. Both Juniper and Ericsson declined to comment, according to Reuters. Meanwhile, one analyst, though he acknowledged that the rumors were out there, said Juniper would be […] Read more..
Carl Icahn and Warren Lichtenstein have lost a legal bid to contest three board seats on KT&G Corporation, undermining efforts by the investors to force South Korea’s biggest tobacco company to sell real estate and ginseng assets. The verdict is the latest setback for Mr. Icahn’s campaign to pressure KT&G to sell assets and raise […] Read more..
At first glance, the idea that private equity firms might themselves go public seems paradoxical. Such an offering might be a hard sell to investors, and there could be significant disadvantages for the firm as well. Nonetheless, there are some good reasons to do it, whatever the drawbacks. And if such a scheme were ever […] Read more..
The open warfare that has rocked Vodafone over the past few weeks is more than a struggle between the old guard and the newcomers. It is a battle between some of the City’s most powerful movers and shakers, many of whom have connections far beyond their jobs at the mobile giant. The key link between […] Read more..
Clearwire, which operates a wireless broadband network based on the powerful WiMax standard, has raised an additional $360 million in funding. Go to Article from VentureWire Professional » Read more..
Values are reported in US Dollars
|Procter & Gamble||PG||60,05||60,68||59,60||60,01||18.2M|
|Johnson & Johnson||JNJ||59,15||59,40||59,03||59,29||7.89M|
|Walt Disney & Co.||DIS||28,46||28,66||28,42||28,66||5.69M|
|Wells Fargo & Co.||WFC||64,24||65,00||64,18||64,92||4.62M|
|International Business Machines||IBM||81,51||82,99||81,47||82,88||4.52M|
Exchange Rates of March 14th, 2006
|US Dollar||Japanese Yen||1 USD = 117,580 JPY||1 JPY = 0,009 USD|
|US Dollar||Canadian Dollar||1 USD = 1,157 CAD||1 CAD = 0,864 USD|
|US Dollar||Swiss Franc||1 USD = 1,303 CHF||1 CHF = 0,768 USD|
|US Dollar||Chinese Yuan||1 USD = 8,047 CNY||1 CNY = 0,124 USD|
|Euro||Japanese Yen||1 EUR = 141,200 JPY||1 JPY = 0,007 EUR|
|Euro||Pound Sterling||1 EUR = 0,688 GBP||1 GBP = 1,454 EUR|
|Euro||Australian Dollar||1 EUR = 1,628 AUD||1 AUD = 0,614 EUR|
|Euro||Canadian Dollar||1 EUR = 1,390 CAD||1 CAD = 0,719 EUR|
|Euro||Swiss Franc||1 EUR = 1,565 CHF||1 CHF = 0,639 EUR|
|Pound Sterling||Australian Dollar||1 GBP = 2,368 AUD||1 AUD = 0,422 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2,021 CAD||1 CAD = 0,495 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2,275 CHF||1 CHF = 0,440 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0,853 CAD||1 CAD = 1,172 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0,960 CHF||1 CHF = 1,041 AUD|