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CompareCC News Archive Listing for Business during 2007-03-30.
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Mining Company Fined for Fatal Blaze
 
The Massey Energy Company was fined $1.5 million for 25 violations that contributed to the death of two West Virginia coal miners in January 2006.
Shake-up at Grand Theft Auto firm
 
Investors in the publisher of computer game Grand Theft Auto oust the firm's chief executive.
BBC 'set to lose FA Cup rights'
 
The BBC and BSkyB are set to lose the rights to televise the FA Cup to ITV and Setanta, reports say.
Hackers target TK Maxx customers
 
The owner of TK Maxx says hackers have stolen details from 45 million credit and debit cards used by shoppers.
Private equity eyeing Iberia bid
 
Spain's national airline Iberia is targeted by a private equity firm in a possible 3.4bn-euro takeover bid.
Boots gets improved bid approach
 
Private equity group Kohlberg Kravis Roberts raises its offer for healthcare and drugs firm Alliance Boots to £10.2bn.
BAA facing competition inquiry
 
The owner of Heathrow airport is referred to the Competition Commission amid concerns about its market dominance.
KKR, Pessina up bid for Alliance Boots to $20 bln
 
Reuters - Drugs retailer and distributor Alliance Boots has received an improved 10 billion-pound ($19.7-billion) bid proposal from its deputy chairman and private equity firm Kohlberg Kravis Roberts, it said on Friday.
Iberia gets 3.6 euros/share bid approach from TPG
 
Reuters - Iberia said on Friday it had received a bid approach from private equity firm Texas Pacific Group , valuing the Spanish airline at about 3.4 billion euros ($4.5 billion).
HSBC to launch retail branches in Japan next year: report
 
AFP - HSBC, the British-based banking giant, will set up a retail operation in Japan early next year and aims to open as many as 50 branches within four years, a newspaper reported on Friday.
Iberia receives takeover approach
 
Spain's national airline Iberia is targeted by a private equity firm in a possible 3.4bn-euro takeover bid.
Delay for Vodafone's India deal
 
Indian regulators delay a decision on whether to approve Vodafone's $11.1bn takeover of Hutchison Essar.
Shake-up at Grand Theft firm
 
Investors in the publisher of computer game Grand Theft Auto oust the firm's chief executive.
'Emotional' end to Burberry fight
 
More than 300 workers will march from the Rhondda Burberry factory, which has finally shut after 60 years.
BAA to face competition inquiry
 
UK airport operator BAA is referred to the Competition Commission amid concerns about market dominance.
Private equity up bid for Alliance Boots to $20 bln
 
Reuters - Drugs retailer and distributor Alliance Boots has received an improved 10 billion-pound ($19.7-billion) bid proposal from its deputy chairman and private equity firm Kohlberg Kravis Roberts, it said on Friday.
Vodafone India deal delayed
 
Indian regulators delay a decision on whether to approve Vodafone's $11.1bn takeover of Hutchison Essar.
Banking hitch delays pay
 
Up to 400,000 people will not be paid on Friday as a result of a technical problem, an industry body warns.
TPG swoops on Iberia with $4.5 bln approach
 
Reuters - Iberia said on Friday it had received a bid approach from private equity firm Texas Pacific Group , valuing the Spanish airline at about 3.4 billion euros ($4.5 billion).
S&P futures flat before data
 
Reuters - S&P stock futures suggested a flat market opening on Friday, with investors cautious before data on inflation and economic activity, while
Alliance Boots opens books after $20 bln approach
 
Reuters - Britain's biggest pharmacy chain, Alliance Boots, opened its books to its deputy chairman and a private equity firm after they raised their proposed bid by 4 percent to 10 billion pounds ($19.7 billion), the company said on Friday.
Wall Street moves toward lower open
 
AP - U.S. stocks headed toward a moderately lower open Friday ahead of the government's spring planting report as well as data on personal income and spending.
Home Depot store growth slows in 2006: filing
 
Reuters - Retailer Home Depot Inc. , which is boosting store spending this year in a bid to win back market share, slowed its store growth in 2006, according to a federal filing on Thursday.
Man Group Plans I.P.O. For Its Brokerage Business
 
Exxon agrees biggest China deal
 
Exxon Mobil announces its biggest single investment in China - a joint venture to run petrol stations and a refinery.
Iberia receives bid approach
 
Spain's national airline Iberia is targeted by a private equity firm in a possible 3.4bn-euro takeover bid.
Vodafone profit margins squeezed
 
Shares in Vodafone fall 3% as mobile phone firm reveals its UK profit margins are being squeezed by lower tariffs.
Incomes, core prices outpace forecasts
 
Reuters - Incomes rose much more sharply than expected in February, while spending and core consumer price growth also outpaced forecasts, a government report showed on Friday in a sign of consumer resilience that could fuel inflation.
Ethanol fuels largest corn sowing since 1944
 
Reuters - Inspired by the fuel ethanol boom, U.S. farmers intend to plant the largest amount of land to corn in 63 years -- 90.454 million acres -- the government said on Friday, potentially enough to produce a record 12.5 billion-bushel crop.
Indexes rise after Chicago PMI data
 
Reuters - Stocks rose on Friday after a report showing business activity in the U.S. Midwest expanded at a stronger-than-expected pace in March, easing worries about the economy.
US consumer income, spending up 0.6 percent
 
AFP - US consumer spending and personal income both rose 0.6 percent in February, the government said Friday, surprising analysts expecting hits from slowing economic conditions.
Hackers steal 45 million credit card numbers from Us retailer
 
AFP - Discount shoppers the world over were put on guard Friday after the retail group TJX disclosed that some 45.6 million credit and debit card numbers were stolen by hackers in 2005 and 2006.
Farmers to Plant Most Amount of Corn Since ?44
 
Growers intend to plant more than 90 million acres in an effort to meet demands for ethanol, food and feed.
US consumer confidence slips
 
US consumer sentiment slips to its lowest level in six months, as prices rise and incomes slow.
Record low for euro jobless rate
 
Unemployment in the eurozone in February hit its lowest rate since records began, official figures show.
Huge corn sowings chase ethanol price boom
 
Reuters - U.S. farmers plan to cash in on the fuel ethanol boom by planting the largest area to corn in 63 years, potentially yielding a record crop and calming fears that renewable fuels will steal grain needed for food and feed, the federal government said on Friday.
U.S. to Impose New Duties on Chinese Goods
 
Tariffs on coated paper will end a policy of not applying duties to subsidized goods from non-market economies.
WTO rules against US gaming ban
 
The US has failed to change laws that unfairly target offshore-based gambling websites, a WTO panel rules.
Man Group to sell brokerage arm
 
Man Group, the world's largest listed hedge fund, is to sell its brokerage business to focus on managing money
Bank law has expanded credit, home owning: Bernanke
 
Reuters - A U.S. law that requires banks to serve the less affluent has on balance had positive effects but needs to evolve with the rise of nonbank lenders, Federal Reserve Chairman Ben Bernanke said on Friday.
Data eases fears of sharp economic slowdown
 
Reuters - A raft of stronger-than-expected U.S. economic reports on Friday, including data on personal income, inflation and manufacturing, buttressed the view that the economy was on solid footing and interest rates were unlikely to fall any time soon.
Farmers to Plant Largest Amount of Corn Since ?44
 
Growers intend to plant more than 90 million acres in an effort to meet demands for ethanol, food and feed.
Founder of Betonsports arrested
 
The founder of gaming website Betonsports is arrested and sent to the US to answer criminal charges.
Tapas chain bidding war heats up
 
Cafe Rouge owner Tragus ups its offer for tapas chain La Tasca in an effort to trump a rival bid.
Bain, Blackstone among Ceridian bidders: sources
 
Reuters - Private equity firms Bain Capital and Blackstone Group are among the bidders for Ceridian Corp. , sources familiar with the matter said on Friday, raising the chances that the entire business services company will be sold.
Cancer vaccine stocks soar on Dendreon panel vote
 
Reuters - Shares of cancer vaccine makers soared on Friday after an advisory panel to the U.S. Food and Drug Administration recommended approval of a product made by Dendreon Corp.
Delphi posts $132 million net loss for February
 
Reuters - Bankrupt U.S. auto parts maker Delphi Corp. posted a $132 million net loss for February, the company said in a limited operating report filed with the U.S. Bankruptcy Court on Friday.
This Family?s Hot Stuff
 
Five generations of the family that owns and operates the McIlhenny Company have kept the Tabasco sauce business going while weathering many storms.
French oil strike 'nearing end'
 
A deal to end a 17-day strike at a French port which threatens to shut refineries in Europe is near, reports say.
India ups interest rates to 7.75%
 
India's central bank raises interest rates for the second time in three months in an bid to bring inflation under control.
U.S. bank law has helped less affluent: Bernanke
 
Reuters - A U.S. law that requires banks to serve the less affluent has widened access to credit and helped increase home ownership, but needs to evolve to address the rise in nonbank lenders, Federal Reserve Chairman Ben Bernanke said on Friday.
Wall St indexes flat as China news eclipses data
 
Reuters - U.S. stocks ended the last session of a turbulent quarter little changed on Friday as word the United States had imposed duties on some Chinese imports offset strong economic news and a pullback in oil prices.
Consumer spending and incomes up
 
AP - Consumers' spending and income showed bigger-than-expected gains in February, and construction posted the first increase in nearly a year, hopeful signs that the economic slowdown will not worsen.
Tears and pride as Burberry checks out of Wales
 
AFP - Around 150 workers walked out of a Burberry factory for the final time on Friday as the luxury goods retailer quit Wales to transfer production to China.
U.S. to Set New Duties on Goods From China
 
The Bush administration said Friday that it would reverse more than 20 years of American policy and impose potentially steep tariffs on Chinese manufactured goods.
In Major Shift, U.S. Is Imposing Tariffs on China
 
The new policy could lead to duties on imports of Chinese steel, plastics, machinery and textiles.
Farmers Head to Fields to Plant Corn, Lots of It
 
The Agriculture Department said farmers would plant more corn this year than at any time since World War II.
Homeowners, Call Your Bankers Before They Call You
 
With many adjustable-rate mortgages about to reset at a higher rate, it is important to take action before the lender does.
Does That Pack of Gum Need to Go on a Debit Card?
 
Debit card transactions were once free, but that is no longer always the case. Overdraft charges are one more thing to keep in mind when using your card.
Five Days: Summer?s Here, at Least at the Gas Pump
 
Gasoline prices are surging again, but if drivers stop at a Burger King along the way, at least some of the food they eat will be from suppliers that treat their animals well.
Strike paralyses Brazil airports
 
All flights from Brazil's major airports are suspended after air-traffic controllers declare a hunger strike.
U.S., in Major Shift, Imposes Tariffs on Some Chinese Paper
 
The new policy could lead to duties on imports of Chinese steel, plastics, machinery and textiles.
[TS] Talking Business: Tug of War Puts the Fans in the Middle
 
A battle for Major League Baseball is a reminder that once upon a time, in an era we barely remember now, sports and television lived in harmony.
Big Test for Workers as Owners
 
With the Tribune Company on the verge of deciding its future, perhaps no interested party remains more in the dark than its 20,000 employees, who could end up as majority shareholders.
Shortcuts: Too Busy to Notice You?re Too Busy
 
Being busy is part of our modern world, but there are some simple ways to wrestle back control.
Negotiators Extend Deadline for South Korea Trade Pact
 
The deal, if successfully concluded, would quickly remove 85 percent to 90 percent of tariffs between the United States and South Korea.
What?s Online: The Name Game
 
Companies like Microsoft are filing lawsuits against outfits they say engage in a practice called ?domain swiping.?
What?s Offline: A New Rush to Go Public
 
Business 2.0 reports that we are about to witness a new round of technology companies racing to go public.
German Retailer to Pay Restitution to Jewish Family for Berlin Property
 
Germany?s largest retailer will pay the heirs of a department store once owned by a Jewish family more than $100 million for the confiscation of what is now prime real estate in Berlin.
Agency Rejects .xxx Suffixes for Sex-Related Sites on Internet
 
A proposal to create a specialized .xxx suffix for sex-related entertainment Web sites received a final rejection by the agency governing the Internet address system.
Authorities Arrest Founder of Internet Gambling Site
 
The founder of the BetOnSports gambling Web site, Stephen Kaplan, is named in a 22-count criminal case related to Internet gambling.
Man Group, the Large British Hedge Fund, Plans to Spin Off Its Brokerage Unit
 
A majority stake in the brokerage unit, which will be renamed MF Global, will be listed on the New York Stock Exchange in the third quarter of this year.
Enterprise Rent-a-Car Buys Vanguard, a Rival
 
The acquisition comes during a time of increasing investor interest in the car rental business.
J. Paul Sticht, 89, Executive Who Expanded R. J. Reynolds, Dies
 
J. Paul Sticht, the first outsider to lead R. J. Reynolds, led the company through a time of rapid diversification.
Shares Falter on Trade Tensions
 
Escalating trade tensions between the United States and China pushed the Standard & Poor?s 500-stock index slightly lower yesterday, the last trading day of March, limiting its third straight quarterly advance.
Ex-Chief of Kodak Chosen as Chairman of Delta
 
Daniel A. Carp will become chairman of the board after Delta Air Lines emerges from bankruptcy protection at the end of April.
Incomes Rose, as Did Buying in February
 
Consumers spent more in February, and construction spending rose by the largest amount in 11 months.
Rule on Brokers Is Overturned
 
A federal appeals court overturned a Securities and Exchange Commission rule exempting certain securities brokers who offer investment advice from strict disclosure requirements.
Market Values: Speed May Do More Harm Than Good
 
In the time it takes to read this sentence, you could be making big money in the markets. In theory.
United Technologies Offers to Buy Security Unit
 
Rentokil?s Initial Electronic Security Group operation sells integrated security systems, intrusion detection, closed-circuit televisions, access control and security software.
Philip Morris Parent Pays Full $3.5 Billion to States in ?98 Deal
 
The move by Altria Group Inc. may bolster the prices of municipal bonds backed by the payments.

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