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Lower Write-Downs Lift AllianzEurope's largest primary insurer by market capitalization swung to a net profit, reflecting Allianz's improved earnings power following the sale of troubled Dresdner Bank. ... |
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Dow Reaches 52-Week HighThe Dow soared to the highest level in a year as materials and industrial stocks rose. GE and Caterpillar jumped. ... |
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Kraft Makes Hostile Bid for CadburyKraft officially launched a hostile bid for Cadbury, setting in motion a tussle for control of the British confectioner. ... |
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Comcast Advances in Deal for NBCGE and Comcast have agreed to value NBC Universal in the neighborhood of $30 billion, a development that could lead to a deal this week for Comcast to take control of GE's media and entertainment arm. ... |
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AXA Asia Pacific Rejects BidAXA Asia Pacific Holdings rejected a cash and equity takeover proposal worth $10.1 billion that would see its French parent AXA and rival Australian wealth management firm AMP split the business in two. ... |
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LSE Delays Introduction of BaikalLSE has delayed the introduction of its dark pool Baikal, pending the outcome of talks with Turquoise, a rival trading service that has a system up and running. ... |
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