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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 12, 2013
Page
16
The Labor Department reports April quits up 7.2 percent to 9.25 million, near February’s four year high. Hiring also rose to 4.4 million, 5 percent above March but below February, while openings dipped 3 percent to 3.75 million.
Dole Food Co. Chairman David Murdock and family offer 12 a share to acquire the rest of the company valuing it at about 1.07 billion. The board will assess the unsolicited bid as shares traded above the offer and the firm restructures after selling its packaged foods unit. Standard & Poor's has the company on watch for a possible downgrade.
France leads a Europe wide strike against the European Commission plan to centralize air traffic control. Controllers warn of safety risks and job losses as 27,000 daily flights may face delays with a 50 percent air traffic rise expected in two decades. EU officials cite annual costs of 6.6 billion and urge rapid modernization.
SoftBank raises its offer to 21.6 billion for Sprint Nextel, after rival Dish Network topped bids earlier. The revised deal increases cash to Sprint shareowners to 16.6 billion and moves SoftBank to about 78 percent ownership, with approvals pending from regulators and continued shareholder support.
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