Reuters: Business News

Stocks could sputter with Black Friday eyed

Fri, 20 Nov 2009 21:14:01 -0500

NEW YORK (Reuters) - U.S. stocks could sputter next week as volumes dry up in holiday-shortened trading and with a slew of economic reports likely to illustrate the recovery is still fragile.

Hershey mulls $17 billion solo bid for Cadbury: source

Sat, 21 Nov 2009 22:17:18 -0500

PHILADELPHIA (Reuters) - U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.

Ciena takes Nortel unit auction to 2nd day: sources

Sat, 21 Nov 2009 14:53:52 -0500

NEW YORK (Reuters) - The auction for Nortel Network's optical networking and carrier ethernet business went into a second day on Saturday, after Ciena called for a break in the auction late on Friday, two sources said.

Bank of America CEO Lewis may delay retiring: report

Fri, 20 Nov 2009 23:33:07 -0500

NEW YORK (Reuters) - Bank of America Corp Chief Executive Kenneth Lewis has said he would consider postponing his retirement if directors need more time to find a successor or smooth the transition to the next CEO, the Wall Street Journal reported on Friday.

GE-Vivendi talks over NBC Universal stalled: report

Fri, 20 Nov 2009 22:38:17 -0500

NEW YORK (Reuters) - Talks between General Electric and Vivendi over the future of NBC Universal have stalled, the New York Times reported on Friday night.

Time Warner, News Corp reported interested in MGM

Fri, 20 Nov 2009 23:03:31 -0500

NEW YORK (Reuters) - News Corp, Time Warner Inc and Qualia Capital LLC are interested in buying Hollywood's Metro-Goldwyn-Mayer film studio, home of the James Bond movies, Bloomberg News reported on Friday.

U.S. Q3 seen revised down on widening trade deficit

Fri, 20 Nov 2009 17:08:21 -0500

WASHINGTON (Reuters) - The U.S. economy's return to growth in the third quarter was less brisk than previously thought as the trade deficit worsened and companies still aggressively cut inventories, a Reuters survey predicted.

Delta says SkyTeam could invest more in JAL: report

Fri, 20 Nov 2009 23:13:13 -0500

NEW YORK (Reuters) - The chief executive of Delta Air Lines Inc says the SkyTeam alliance of global carriers would be willing to invest more than its proposed $1.02 billion in Japan Airlines , the Wall Street Journal reported.

Paulson's golden investors have to commit $10 million

Fri, 20 Nov 2009 16:49:45 -0500

BOSTON (Reuters) - Investors tempted to put money into star hedge fund manager John Paulson's new gold portfolio will have to commit at least $10 million and leave the money locked up for at least one year, according to a prospectus.

Black Friday deals may not signal retail comeback

Sat, 21 Nov 2009 14:11:22 -0500

CHICAGO (Reuters) - When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened but even more bargain hungry customers cross their thresholds.