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Archive for March, 2009

Asian shares extend rally, caution sets in

March 31st, 2009
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HONG KONG (Reuters) – Asian stocks started the new quarter with more gains after an impressive performance in March on expectations the frail global economy is about to bottom out and hopes the financial system was on the mend.

financials

REFILE-U.S. plans to ease GM into bankruptcy – NY Times

March 31st, 2009
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(Refiles to correct spelling of “brands” in paragraph 8)

financials

About 300 Satyam staff join Bank of America -paper

March 31st, 2009
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MUMBAI, April 1 (Reuters) – About 250-300 employees at
fraud-hit Indian outsourcer Satyam Computer Services
are joining Bank of America , the Business Standard
newspaper said on Wednesday.

financials

UPDATE 2-Taiwan Memory picks Elpida as tech partner; stock jumps

March 31st, 2009
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* Elpida soars 15 percent, Taiwan DRAM shares up 7 pct
(Recasts with details, analyst comments)

financials

UPDATE 1-Lotte back in race for InBev S.Korea unit -sources

March 31st, 2009
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HONG KONG, April 1 (Reuters) – South Korean retail giant
Lotte Group has returned to the auction of beer maker Oriental
Brewery, sources said on Wednesday, and is preparing to raise its
initial offer in the next round of bids for a company the sellers
say is worth more than $2 billion.

financials

Deals of the day — mergers and acquisitions

March 31st, 2009
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April 1 (Reuters) – The following bids, mergers,
acquisitions and disposals involving European, U.S. and Asian
companies were reported by 0400 GMT on Wednesday.

financials

Lotte back in bidding for InBev’s S.Korea unit

March 31st, 2009
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HONG KONG, April 1 (Reuters) – South Korean retail giant
Lotte Group has returned to the auction of beer maker Oriental
Brewery, sources said on Wednesday, and is preparing to raise its
initial offer in the next round of bids for a company the sellers
say is worth more than $2 billion.

financials

WRAPUP 4-GM sees bankruptcy risk; Chrysler, Fiat in talks

March 31st, 2009
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* GM shares drop 28 pct; bonds lower on bankruptcy risk

financials

UPDATE 2-Obama thinking on GM, Chrysler unchanged-official

March 31st, 2009
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* Obama’s thinking on GM, Chrysler unchanged – admin
official

financials

UPDATE 1-Potential GM bankruptcy plan includes company split

March 31st, 2009
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NEW YORK, March 31 (Reuters) – A possible bankruptcy plan
being discussed for General Motors Corp includes quickly
forming a new company of the automaker’s most profitable parts,
while a group of other units would remain under bankruptcy
protection for a longer period, a source familiar with the
plans told Reuters on Tuesday.

financials