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CompareCC News Archive Listing for Business during 2007-03-19.
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Budget 'to hit gas guzzlers hard'
 
The chancellor is expected to significantly raise road tax on the least fuel efficient cars in this week's budget.
United Airlines boss says supports "open skies"
 
Reuters - The head of United Airlines voiced support for a transatlantic air travel pact even though the company will have to confront the same prospect of new competition as British Airways and Virgin Atlantic
Dow in joint venture talks with Reliance: report
 
Reuters - Dow Chemical Co. is in talks with India's Reliance Industries Ltd. about a potential joint venture, the Wall Street Journal reported on its Web site on Sunday citing people familiar with the matter.
Blackstone/Carlyle team mulls rival TXU bid: source
 
Reuters - The Blackstone Group, together with The Carlyle Group and Riverstone Holdings, are mulling a rival offer for TXU Corp., a source familiar with the situation said on Sunday, in a move which could upset a record-breaking $32 billion bid for the Texas power company from competing buyout shops.
A380 to make its maiden US trip
 
The Airbus A380 is set to land on US soil for the first time on Monday after its maiden transatlantic flight.
LatAm migrants' cash exceeds aid
 
Latin America migrant workers send home more money than investment and aid combined, a report says.
Postbank sees 2006 profits surge
 
Deutsche Postbank, Germany's biggest retail bank, sees net profits for 2006 grow 40% to 695m euros (£475.8m; $923.4m).
First Choice to tie up with TUI
 
UK travel firm First Choice says it will merge with the tourism division of German rival TUI.
Mothercare in £85m talks for ELC
 
Babycare chain Mothercare says it is in talks to buy the Early Learning Centre chain for £85m.
Barclays to confirm ABN merger talks: papers
 
Reuters - Britain's Barclays is expected to confirm on Monday it is in preliminary merger talks with ABN AMRO Holding , British newspapers reported.
Unions vowing to fight Chrysler sale: report
 
Reuters - Union leaders on both sides of the Atlantic are vowing to fight a sale of DaimlerChrysler AG's (DCXGn.DE) Chrysler Group to a private-equity buyer, throwing a potential hurdle in front of a deal, according to a report in The Wall Street Journal.
US 'resolves Macau bank row'
 
The US says it has resolved a financial dispute with North Korea as talks on nuclear issues resume.
Barclays to clarify ABN bid plans
 
Barclays will clarify its stance regarding Dutch rival ABN Amro as speculation swirls it is planning an £80bn merger.
ABN jumps after Barclays, other approaches: sources
 
Reuters - ABN AMRO shares jumped on Monday following approaches by Britain's Barclays and several other with interest in a takeover for all or parts of the Dutch bank, sources familiar with the matter said.
Conrad Black trial set to begin
 
The trial of media tycoon Lord Conrad Black on fraud and racketeering charges is expected to begin on Monday.
China announces big planes plan
 
China's government gives the go-ahead to plan to design and build large passenger planes in the country.
Ex-Qwest boss trial set to begin
 
Joseph Nacchio, former head of US telecoms giant Qwest, prepares to face court on insider trading charges.
TUI's travel unit to merge with First Choice
 
Reuters - Germany's TUI AG (TUIGn.DE) unveiled a tie-up of its tourism unit with Britain's First Choice to boost its position as Europe's biggest travel firm in the face of new competition from merging rivals.
ServiceMaster to be acquired by Clayton for $4.7 bln
 
Reuters - Home-services operator ServiceMaster Co. said it agreed to be acquired by an investment group led by private equity investment firm Clayton, Dubilier & Rice Inc. for about $4.7 billion in cash.
A380 making transatlantic debut
 
The Airbus A380 is set to land on US soil for the first time on Monday after its maiden transatlantic flight.
Virgin unveils Kenya route plans
 
Virgin Atlantic announces a direct daily flight from London to the Kenyan capital, Nairobi, in a move that may spark a price war with BA.
India to 'consult' on zone policy
 
India says it will 'refine' its policy of buying land for industrial development after escalating violence over the plan.
ABN jumps on Barclays merger approach
 
Reuters - Shares in ABN AMRO , the Netherlands' biggest bank, hit a record high on Monday after what sources said was a merger approach by Barclays for Europe's biggest financial services deal.
ServiceMaster accepts $4.7 bln bid from Clayton
 
Reuters - ServiceMaster Co. , which owns TruGreen LawnCare and Terminix pest control, said on Monday that it had accepted a $4.7 billion takeover bid from a group led by private equity firm Clayton, Dubilier & Rice Inc.
Drug flop hits AstraZeneca shares
 
Shares in drugs giant AstraZeneca fall more than 2% after it says that a heart disease treatment had proven ineffective in trials.
A380 making its US maiden voyage
 
The Airbus A380 is set to land on US soil for the first time on Monday aftera test flight with 500 passengers on board.
ABN jumps as Barclays, other banks close in
 
Reuters - Shares in Dutch bank ABN AMRO hit a record high on Monday as Barclays and other banks considered a takeover approach that could result in Europe's biggest financial services deal.
Triad agrees to $5.1 billion Community offer
 
Reuters - Triad Hospitals Inc. said on Monday it agreed to be bought by Community Health Systems Inc. for $5.1 billion, a union that would create the biggest publicly traded U.S. hospital chain.
Hercules Offshore to buy TODCO for $2.3 billion
 
Reuters - Oil and gas drilling rig company Hercules Offshore Inc. said on Monday it had signed an agreement to buy larger peer TODCO for $2.3 billion in cash and stock.
EGL agrees to $1.7 bln buyout by CEO-led group
 
Reuters - Shipping company EGL Inc. said on Monday it has agreed to a management-led buyout worth $1.7 billion.
Airbus Superjumbo Takes a Lap Around America
 
The world?s largest passenger plane, plagued by production delays, will stop at several United States airports this week.
Barclays in exclusive ABN talks
 
Barclays is in exclusive talks with Dutch rival ABN Amro about an estimated £80bn merger, the BBC has learnt.
A380 completes maiden US voyage
 
The Airbus A380 lands on US soil for the first time after a test flight from Frankfurt with 500 passengers on board.
Firms 'ignore' $5 trillion market
 
Businesses are failing to tap into a global market among low-income earners worth a potential $5 trillion, a report says.
New anti-fraud VAT rules come in
 
New rules to combat the spread of Value Added Tax (VAT) carousel fraud will start on 1 June 2007.
Female boss exits Sanyo hotseat
 
One of Japan's leading businesswomen, Tomoyo Nonaka, quits as chairwoman of the troubled electronics firm Sanyo.
US 'resolves N Korea funds row'
 
The US says it has resolved a financial dispute with North Korea as talks on nuclear issues resume.
US 'blocks environment progress'
 
Germany says the United States has blocked progress on two key issues to protect the global environment.
Triad agrees to $5.1 bln Community Health offer
 
Reuters - Triad Hospitals Inc. has agreed to be bought by Community Health Systems Inc. for $5.1 billion in a deal that will create the biggest publicly traded U.S. hospital chain, the companies said on Monday.
Home builder sentiment erodes in March: NAHB
 
Reuters - Deepening problems in the subprime mortgage sector, which specializes in loans to borrowers with weak credit histories, chipped away at U.S. homebuilder confidence in March, the National Association of Home Builders said on Monday.
ServiceMaster accepts $4.7 bln bid from CD&R
 
Reuters - ServiceMaster Co. , which owns TruGreen LawnCare and Terminix pest control, said on Monday that it had accepted a $4.7 billion takeover bid from a group led by private equity firm Clayton, Dubilier & Rice Inc.
Heart Drug Fails in Trial, and AtheroGenics Shares Plunge
 
BP facing US criticism over blast
 
BP is expected to be heavily criticised by US safety regulators over a refinery blast that killed 15 workers.
Homebuilder confidence sinks though woes won't spread
 
Reuters - Confidence among U.S. homebuilders sank in March in data reported on Monday, while shares of subprime lender Accredited Home Lenders Holding Co. plunged 12 percent for the day after the company said it was in talks about possible financing.
Take-Two Examines Possible Sale of Company
 
Shares of Take-Two Interactive Software rose 8.4 percent after the company postponed its annual meeting and said it would consider alternatives to a proposed hostile takeover.
A380 ends maiden US voyage
 
The Airbus A380 lands on US soil for the first time after a test flight from Frankfurt with 500 passengers on board.
ABN AMRO says in exclusive merger talks with Barclays
 
Reuters - Dutch bank ABN AMRO and British bank Barclays confirmed on Monday they were in exclusive "exploratory discussions" to merge with each other.
Triad agrees to $5.1 billion Community Health offer
 
Reuters - Triad Hospitals Inc. has agreed to be bought by Community Health Systems Inc. for $5.1 billion in a deal that will create the biggest publicly traded U.S. hospital chain, the companies said on Monday.
Indexes rise as M&A grabs subprime's spotlight
 
Reuters - U.S. stocks rallied on Monday after Britain's Barclays Plc and Dutch bank ABN AMRO confirmed they were in talks to merge, boosting financial shares in the wake of the subprime mortgage market turmoil.
CBOT board okays talks with ICE on proposed deal
 
Reuters - CBOT Holdings Inc., parent of the number 2 U.S. futures exchange, said on Monday its board had authorized talks with IntercontinentalExchange Inc., the energy mart that on Thursday made an unsolicited $9.9 billion takeover offer.
Black trial delayed until Tuesday
 
The trial of Lord Conrad Black is delayed until Tuesday, following objections from the media tycoon's lawyers.
Firms 'not ready for disasters'
 
UK businesses are not ready enough for extreme events such as storms and terrorist attacks, a report claims.
ABN, Barclays in exclusive $160 billion merger talks
 
Reuters - Dutch bank ABN AMRO and British bank Barclays are in exclusive talks for a possible $160 billion merger that would be Europe's biggest financial services deal, they said on Monday.
EGL agrees to $1.7 billion buyout by CEO-led group
 
Reuters - Shipping company EGL Inc. said on Monday it agreed to be bought by an investor group led by CEO James Crane for $38 per share, or around $1.7 billion, in Crane's second attempt to take the company into private ownership.
Court blocks $40 billion class-action Enron suit
 
Reuters - Investment banks Merrill Lynch and Co. Inc. and Credit Suisse Group won a huge victory when a $40 billion class-action lawsuit filed by Enron Corp. investors was blocked by a federal appeals panel in New Orleans on Monday.

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