Reuters: Deals

Shareholders file new legal claims in Yahoo case

Fri, 16 May 2008 13:21:54 -0400

NEW YORK (Reuters) - Investors suing Yahoo Inc over its rebuff of Microsoft Corp's $47.5 billion buyout bid have filed a new case that adds company co-founder David Filo as a defendant, but they say much of their complaint is being kept under seal at Yahoo's demand.

GE confirms plans to exit appliance business

Fri, 16 May 2008 13:07:02 -0400

BOSTON (Reuters) - General Electric Co confirmed on Friday it may sell or spin off its century-old appliances unit, saying the business was too focused on the United States.

E*Trade ups number of authorized shares

Fri, 16 May 2008 14:23:12 -0400

NEW YORK (Reuters) - E*Trade Financial Group Inc shareholders on Friday voted to increase the number of authorized shares of common stock from 600 million to 1.2 billion, as the company seeks to improve its balance sheet following last year's hemorrhage of cash and accounts.

EADS execs said likely to weigh DRS bid on Monday

Fri, 16 May 2008 18:54:31 -0400

WASHINGTON (Reuters) - European defense company EADS likely will consider a counterbid for U.S. military contractor DRS Technologies Inc at a regular monthly executive committee meeting on Monday, a source familiar with EADS' strategic thinking told Reuters on Friday.

Carlyle buying Booz Allen unit stake for $2.54 bln

Fri, 16 May 2008 16:52:57 -0400

NEW YORK (Reuters) - Washington-based private equity firm Carlyle Group is buying a majority stake in the U.S. government business of management consulting technology firm Booz Allen Hamilton Inc for $2.54 billion, the companies said on Friday.

Robert Maguire ends bid for company he founded: report

Fri, 16 May 2008 17:18:47 -0400

NEW YORK (Reuters) - Robert Maguire III, the head of Maguire Properties Inc , one of the biggest owners of Los Angeles office buildings, has abandoned his quest to buy the company he founded and is on the verge of being forced out as chief executive and chairman, the Wall Street Journal reported on Friday.

Icahn bought 6.3 mln Amylin shares in Q1: filing

Fri, 16 May 2008 13:17:16 -0400

WASHINGTON (Reuters) - Investor Carl Icahn bought 6.3 million shares of Amylin Pharmaceuticals Inc in the first quarter of 2008 and also boosted his stake in Biogen Idec Inc during that time period, according to documents Icahn filed with the U.S. Securities and Exchange Commission.

Del Monte says may sell StarKist

Fri, 16 May 2008 14:35:58 -0400

CHICAGO (Reuters) - Del Monte Foods Co said on Friday it is exploring alternatives for its StarKist seafood business, including a possible sale.

Macy's to have FAO Schwarz boutiques in stores

Fri, 16 May 2008 07:32:46 -0400

NEW YORK (Reuters) - Macy's Inc and FAO Schwarz said on Friday they signed an agreement under which the specialty U.S. toy retailer's toy stores will be opened in about 685 Macy's locations over the next two years.

British Energy gets bid approaches, shares jump

Fri, 16 May 2008 11:22:34 -0400

LONDON (Reuters) - The UK's biggest electricity producer, British Energy , said on Friday it has received several takeover proposals which value it at more than 10.8 billion pounds ($21 billion).