Baxter buys British rival March 1, 2010 America’s Baxter International yesterdfay said it would pay up to $330m (£219m) to acquire UK-based ApaTech, a privately held maker of biologics products used in orthopedic and dental surgeries. The agreement includes an upfront cash payment by Baxter of $240m, plus potential payments of up to $90m should the company achieve sales milestones. The transaction [...]
Higher taxes needed to cut deficit March 1, 2010 Tax increases and spending cuts will both be needed to spread the burden of bringing down US budget deficits to a sustainable level, House of Representatives Democratic leader Steny Hoyer said yesterday. Hoyer’s remarks frame a debate that is likely to pick up urgency as a bipartisan panel created by President Barack Obama considers ways [...]
It’s the moment to buy oversold Greek stocks March 1, 2010 FOLLOWING weeks of turmoil, it looks like the worst of Greece’s debt problems are over, at least for the time being. Talk of a rescue plan and encouraging news on the budget deficit are restoring some confidence. Could now be the time to invest in Greece? The Greek stock market has dropped 36 per cent [...]
WAITING FOR OBAMA TO CALL THE TOP March 1, 2010 DAVID MORRISON CFD MARKET STRATEGIST, GFT ON 3 March 2009, US President Obama became a stock market guru when he delivered the following to investors: “What you’re now seeing is profit and earnings ratios starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on [...]
Success in Asia is not a given March 1, 2010 BRITAIN’S largest insurer Prudential has sealed a deal to acquire American International Group’s Asian division (AIA) in a takeover that will place it at the heart of the growing Asian insurance market. The £23bn deal will not only give the Pru AIA’s 20m policy holders, but also unparalleled access to young Asian populations that only [...]
How to manage your wealth in 2010 March 1, 2010 HASSIUM ASSET MANAGEMENT YOGI DEWAN WE have seen a volatile start ot the new year, but whatever is happening in the markets, some things never change. When choosing what to do with your cash, the first thing to remember is always to focus on long-term wealth preservation. Growth comes a definite second. When managing your [...]
London rises as miners and energy companies set pace March 1, 2010 LONDON’S top share index rose one per cent yesterday as big gains from miners and energy stocks, boosted by firmer commodity prices, outpaced faltering banks following disappointing results from HSBC. The FTSE 100 closed 51.42 points higher at 5,405.94 points, having hit a five-week high earlier in the session of 5,420.83. The index has rebounded [...]
Wall St gains after Pru’s deal with AIG March 1, 2010 US STOCKS rose for a second straight day yesterday, boosted by AIG’s record-setting deal to sell a major Asian unit and on gains in semiconductor shares after SanDisk raised its revenue forecast. Hopes for an agreement to resolve nagging uncertainty surrounding debt-laden Greece also encouraged investors. American International Group jumped 4.4 per cent to $25.85 [...]
Orange joint venture with T-Mobile is on March 1, 2010 ORANGE and T-Mobile were officially given the all clear for their long-mooted merger yesterday. Orange chief executive Tom Alexander will take the helm at the new firm and T-Mobile chief executive Richard Moat will become chief operating officer. The joint venture will be the largest mobile network provider in the UK, with a 37 per [...]
All-girls schools lead to bright businesswomen March 1, 2010 EARLIER this week, I met a new friend for breakfast – an M&A man for some of the biggest media executives. He told me all about his daughters; one will represent the UK at the Olympics, while the other is an accomplished actress. He explained how he had raised them, and two of the things [...]
