Browsing All Posts By Kurt Osterberg
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Nestlé agrees $1.7bn deal to buy sweet maker Hsu Fu Chi?
Nestlé, the world’s largest food and drink group, announced on Monday that it intends to buy a majority stake in Chinese confectioner Hsu Fu Chi for $1.67bn or SFr1.4bn.? The Swiss food company, wh... -
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JPMorgan Chase agrees record $211.2m settlement
JPMorgan Chase reached a record $211.2m settlement late on Thursday with federal and state regulators on charges it manipulated a bidding process to gain business from municipalities. The agreed settl... -
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News of the World to close amid phone hacking scandal
News of the World, the British tabloid paper that sold to millions as “the best for news, showbiz and sport exclusives” is shutting down amid the escalating phone hacking scandal, the head of News... -
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ThyssenKrupp to raise 1.7bn euro through share sale
German engineering and steel conglomerate ThyssenKrupp announced late on Wednesday plans to sell all of its remaining 49.48 million treasure shares accrued from its 2006 and 2008 buyback programmes. T... -
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Record first half revenues for Tullow Oil
FTSE 100 oil company Tullow Oil published a trading and operation statement on Tuesday ahead of the group’s half-year result release showing record revenues of $1.05bn. The company raised its full-y... -
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VW takes majority stake in MAN
Volkswagen, Europe’s biggest automaker, has secured a majority stake in German-based heavy truck maker MAN SE, the company said on Monday. VW now holds 55.9 percent of the voting rights in MAN, whic... -
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Axel Weber nominated as next UBS chairman
Swiss Bank UBS said on Friday it has nominated the former president of Deutsche Bundesbank, Axel Weber, for election to join its board in 2012 and to chair the board from 2013 onwards. Weber’s nomin... -
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Greece set for final vote on austerity bill
The Greek government is set to hold a second vote on Thursday on an austerity bill that forms part of the bailout deal with the IMF and ECB. Amid public protests Greece is expected to pass the bill wh... -
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New IMF chief Lagarde calls for Greece unity
Christine Lagarde, the French finance minister, was late on Tuesday elected as the first woman to head the IMF. Her victory was sealed after a late endorsement from the US which saw her beat Mexican c... -
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TomTom shares crash after profit warning
TomTom, the Dutch navigation system maker, on Tuesday lost an estimated €325.7m in market value as investors responded to the company’s profit warning published on Monday. The company said in a st...
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China suspected in massive breach of federal personnel data
