Stock Performance
Potash files complaint against BHP
Sep 22, 2010 13:42 EDT
Canada's Potash files complaint against Australia's BHP in US court, seeks to block takeover. Potash Corp. of Saskatchewan asked a U.S. court on Wednesday to block a $39 billion hostile takeover by BHP Billiton on the grounds BHP has made "false statements and half-truths" to try to manipulate the perceived value of the Canadian company.
Allegiant signs three-year pact with Peppermill
Sep 22, 2010 13:25 EDT
Allegiant Travel in three-year deal to provide charter air service to Peppermill resorts. Allegiant Travel Co. will provide charter air service to Peppermill Casinos Inc.'s three Wendover, Nev., resorts as part of a new three-year deal between the companies.
Lufthansa appoints Christoph Franz as new CEO
Sep 22, 2010 13:18 EDT
Lufthansa appoints Christoph Franz as new chief executive starting in 2011. Deutsche Lufthansa AG on Wednesday named Christoph Franz, the head of its passenger airline business and the man who presided over the restructuring of Swiss International Airlines, as its new chief executive.
General Mills posts profit beat, keeps forecast
Sep 22, 2010 13:10 EDT
NEW YORK (Reuters) - U.S. packaged foods maker General Mills Inc <GIS.N> reported quarterly profit that was slightly better than expected and affirmed its full-year target, saying growth should speed up as the year progresses.
London stocks end weaker
Sep 22, 2010 12:13 EDT
London shares fell at the end of trade on Wednesday after a downbeat economic outlook from the US Federal Reserve, raising doubts over the health of the world's largest economy.
Siemens extends accord with German workers
Sep 22, 2010 12:06 EDT
Siemens extends agreement protecting German employees from future layoffs. Siemens AG on Wednesday extended indefinitely an agreement with its German employees in which it pledges to avoid layoffs during any future restructuring efforts.
Deutsche Bank shares drop on expected 3Q loss
Sep 22, 2010 11:58 EDT
Shares of Germany's Deutsche Bank drop sharply on prospect of 3Q loss. Shares of Deutsche Bank AG fell sharply after the bank said it expected to post a third-quarter net loss.
Autozone shares up after strong earnings
Sep 22, 2010 11:45 EDT
AutoZone shares rise after strong 4Q earnings, analyst upgrade. Shares of AutoZone Inc. rose Wednesday after an R.W. Baird analyst raised his one-year price target following the auto parts chain's strong earnings in its fiscal fourth quarter.
FDA sees bowel risk in early Glaxo vaccine data
Sep 22, 2010 11:41 EDT
WASHINGTON (Reuters) - GlaxoSmithKline Plc's rotavirus vaccine may be linked to a small increase in a life-threatening type of bowel obstruction, U.S. health officials said on Wednesday.
EBay shares fall after in-line forecast
Sep 22, 2010 11:27 EDT
CHICAGO (Reuters) - Shares of online retail site operator eBay Inc <EBAY.O> fell 3.5 percent on Wednesday after it eliminated the likelihood that third-quarter profit would beat analyst expectations.
Italian bank chief ousted after shareholder clash
Sep 22, 2010 09:52 EDT
The head of Italy's biggest bank Unicredit has been ousted following a rebellion by shareholders over his management style, poor earnings and controversial dealings with Libyan investors, observers said.
Vodafone CEO sees Verizon merger unlikely
Sep 22, 2010 09:49 EDT
NEW YORK (Reuters) - A merger between Vodafone Group Plc <VOD.L> and Verizon Communications Inc <VZ.N> would be less likely than other alternatives for the parents of Verizon Wireless, the chief executive of Vodafone said on Wednesday.
European stocks slide on Fed outlook, D.Bank warning
Sep 22, 2010 08:06 EDT
Europe's main stock markets fell on Wednesday as investor sentiment was knocked by a downbeat economic outlook from the US Federal Reserve and a profits warning from Germany's Deutsche Bank.
Sinochem hires banks to explore Potash counterbid
Sep 22, 2010 08:03 EDT
SYDNEY/TORONTO (Reuters) - China's Sinochem Corp has hired banks to advise it how to foil BHP Billiton's <BLT.L> <BHP.AX> $39 billion bid for Potash Corp <POT.N><POT.TO>, two sources with direct knowledge of the matter told Reuters.
Deutsche Bank shares plunge as share sale begins
Sep 22, 2010 07:18 EDT
Shares in Germany's biggest bank, Deutsche Bank, plunged Wednesday after it issued a profit warning and launched a rights issue aimed at funding its takeover of Postbank.
Deutsche Bank shares plunge on profit warning
Sep 22, 2010 05:03 EDT
Shares in Germany's biggest bank, Deutsche Bank, plunged in early trade on Wednesday after it issued a profit warning.
India launches mobile phone share trading
Sep 22, 2010 04:21 EDT
India has launched stock trading on mobile phones, hoping to capitalise on the country's position as the world's fastest-growing handset market by catering to tech-savvy investors.
FTSE 100 shares climb at open
Sep 22, 2010 03:45 EDT
London stocks climbed at the start of trade on Wednesday after the US Federal Reserve avoided pulling the trigger on fresh stimulus spending at a top-level policy meeting Tuesday.
Deutsche Bank shares plunge on profit warning
Sep 22, 2010 03:40 EDT
Shares in Germany's biggest bank, Deutsche Bank, plunged in early trade on Wednesday after it issued a profit warning.
India launches mobile phone share trading
Sep 22, 2010 03:27 EDT
India has launched stock trading on mobile phones, hoping to capitalise on the country's position as the world's fastest-growing handset market by catering to tech-savvy investors.
