Financial news on May 19, 2007
Business and Financial news
American investors are putting record amounts of money into overseas securities. Read more..
James R. Crane raised his buyout offer for the company to $46.25 a share, competing with a $46-a-share offer from the Ceva Group. Read more..
The Bancrofts’ neglect has hurt the company they all profess to love and made Rupert Murdoch’s bid possible. Read more..
The delay comes as concerns mount about the safety of drugs in its class and provides a temporary reprieve to rival Amgen. Read more..
Robert A. Lutz, vice chairman at General Motors, declared that its new hybrid-electric concept car may be among the most important vehicles that G.M. has ever developed. Read more..
A small but growing number of intrepid homeowners have figured out a way to make their prime locations pay. Read more..
Microsoft’s $6 billion acquisition of aQuantive signaled its struggle to build an Internet ad business on its own. Read more..
Clear Channel agreed to accept a revised buyout offer from Bain Capital and Thomas H. Lee Partners. Read more..
Mary Sammons, head of Rite-Aid, spoke about recent acquisitions and what it will do to the company’s already heavy debt load. Read more..
Facing foot surgery, Harry Hurt III crisscrosses Manhattan in pursuit of a walking stick. Read more..