Qwest Exits MCI Bid After Verizon Deal Secures Sale
Qwest Communications exits the MCI bid after MCI accepts Verizon’s higher offer. MCI stock dips below Verizon’s $26 per share. Verizon drops amid the deal. Qwest shares rise slightly while Verizon and MCI prices move in active trading.
MENTIONED IN THIS ARTICLE
New York
Qwest
MCI Inc
MCI
Verizon
West
Qwest Communications International Inc
Verizon Communications Inc
New York Stock Exchange
NYSE
Manufacturing slows as April ISM index cools growth
The Institute for Supply Management reported a 53.3 reading for April, the fifth straight month of slowing manufacturing expansion and the lowest since July 2003, though still above 50. Molson Coors posted a wider first quarter loss than initially reported, before charges on a pro forma basis, while Bandai and Namco unveiled Namco Bandai Holdings to build Japan’s second-largest toy and game group with 450 billion yen in sales.
MENTIONED IN THIS ARTICLE
Washington
Institute For Supply Management
Tor
New York
Molson Coors Brewing Co
Molson Inc
Adolph Coors Co
Tokyo
Bandai Co
Namco Ltd
Japan
Namco Bandai Holdings Inc
Sega Sammy Holdings Inc
Bandai
Newspaper circulations fall across major U.S. papers
The Newspaper Association of America reports a 1.9 percent drop in average daily paid circulation for the six months ending in March across 814 papers. The decline follows years of steady decreases as cable TV and the Internet draw readers away from print. PepsiCo agreed to buy Punica Getränke GmbH from Sunny Delight Beverages, with the deal price undisclosed.
MENTIONED IN THIS ARTICLE
New York
U.S
Newspaper Association of America
Vienna
Audit Bureau of
Purchase
PepsiCo Inc
Punica Getranke Gmbh
Sunny Delight Beverages Co
PepsiCo
New York Stock Exchange
Neiman Marcus agrees to 5.1 billion buyout
Neiman Marcus Group Inc announces agreement to be sold to Texas Pacific Group and Warburg Pincus for about 5.1 billion in cash, paying 100 per share for 35 stores including Bergdorf Goodman outlets. Chairman Richard A. Smith says the deal delivers strong shareholder value and confirms the firm’s solid performance.
MENTIONED IN THIS ARTICLE
Neiman Marcus
New York
Neiman Marcus Group Inc
Texas Pacific Group
Warburg Pincus
Bergdorf Goodman
New York Stock Exchange
Richard A. Smith
Oil climbs above 50 dollars as prices rebound
Light sweet crude for June rose 1.20 to 50.92 a barrel on the Nymex, after last week’s drop below 50. Analysts cite technical rebound and ongoing demand concerns as prices swing within a wider range with no clear catalyst.
MENTIONED IN THIS ARTICLE
U.S
New York Mercantile Exchange
Carl Larry
Barclays Capital
Larry
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Molson Coors
Lion
Deutsche Bank
Toy Maker Merger
Pepsi
THE
Associated Press
Wan
Fancy Area
NIKE
John F. Kenned
Cai
Miny
David Lee Garza
Kevin Fowler
LOS Ribleros del Norte Super Odisea Innovacion
Ramon Ayala Michael Salgado Fito Olivares
Elida
Kumbia Kings
Alicia Villareal
Nortenos DE
Wast
Endless Horizons
Lechuga
LA Nueva Moda
AJUUN
LA Herradura
Jane Smith
Jon
Pet Page
Pet ‘N’ Zoo
c/o
Odessa American PO
Odessa
4Th St
Bob Willar
Pet's
Pet
Humane Society
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