Financial news on May 26, 2007
Business and Financial news
The United States and China ended talks with unfinished business, as China took a $3 billion stake in the Blackstone Group. Read more..
The Coca-Cola Company announced today that it will buy Glaceau, the maker of Vitaminwater, for $4.2 billion in cash. Read more..
The Glacéau deal offered evidence that coming up with a new beverage, or putting a new twist on an old one, can be lucrative. Read more..
Google has been warned that it may be violating European Union privacy laws by storing search data for up to two years. Read more..
The preliminary decision applies to patients over 60, which is most of the 43 million people Medicare covers. Read more..
The $3.7 billion deal will form the Nasdaq OMX Group that will list more than 4,000 companies with a combined market value of $5.5 trillion. Read more..
Insurance companies are testing one-stop service centers, which handle every aspect of the claim from a car accident. Read more..
Sales of previously owned homes declined last month as the supply of unsold properties on the market ballooned and prices declined compared with those a year earlier. Read more..
Albert L. Lord will receive $224.9 million for his stock options as part of the company’s $25 billion takeover. Read more..
The chain’s new chief executive was everything his predecessor was not: folksy, sincere, occasionally funny and often self-deprecating. Read more..