Posted by Reuters: Business News on January 31, 2012
(Reuters) – Exxon Mobil Corp reported quarterly earnings that narrowly beat expectations, on higher oil prices and asset sales of about $1 billion, but the company’s shares dropped nearly 2 percent as its oil and gas production fell short of estimates.
Posted by Reuters: Business News on January 17, 2012
New York (Reuters) – The Madoff trustee suing the owners of the New York Mets may not appeal last summer’s ruling tossing out most of his $1 billion claim, a U.S. judge ruled on Tuesday, setting the stage for a March trial unless the two sides reach a settlement.
Posted by Reuters: Business News on January 13, 2012
TOKYO (Reuters) – Private equity firm TPG Capital is willing to invest about $1 billion in Japan’s Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG’s thinking said.
Posted by Reuters: Business News on December 16, 2011
(Reuters) – Online games maker Zynga Inc is expected to make a strong debut on the Nasdaq stock exchange on Friday after it priced its initial public offering at the top end of a preliminary range but did not increase the size of the $1 billion deal.
Posted by Reuters: Business News on December 14, 2011
TOKYO (Reuters) – Japan’s disgraced Olympus Corp ironed out its crooked accounts on Wednesday after a 13-year fraud, with a $1.1 billion dent in its balance sheet triggering speculation it will need to merge, sell assets or raise capital to repair its finances.
Posted by Reuters: Business News on
TOKYO (Reuters) – Japan’s disgraced Olympus Corp ironed out its crooked accounts on Wednesday after a 13-year fraud, with a $1.1 billion dent in its balance sheet triggering speculation it will need to merge, sell assets or raise capital to repair its finances.
Posted by Reuters: Business News on December 13, 2011
(Reuters) – Morgan Stanley agreed to give up insurance claims against MBIA Inc in exchange for a $1.1 billion payment from the ailing insurer, ending a two-year legal fight over guarantees on mortgage bonds.
Posted by Reuters: Business News on December 9, 2011
FRANKFURT (Reuters) – Struggling German carmaker Opel, a unit of General Motors , has set itself the ambitious target of hitting the 1 billion euro ($1.33 billion) profit mark from 2016, Chief Executive Karl-Friedrich Stracke said in an employee newsletter.
Posted by Reuters: Business News on November 23, 2011
HELSINKI (Reuters) – Nokia Oyj said on Wednesday its network gear joint venture Nokia Siemens Networks aims to cut annual operating costs by around 1 billion euros, including slashing some 17,000 jobs.
Posted by Reuters: Business News on November 22, 2011
(Reuters) – Merck & Co will pay roughly $950 million to settle criminal and civil charges that it promoted the painkiller drug Vioxx for an unapproved use, the U.S. Justice Department said on Tuesday.
