Daily Markets - PKX To Acquire Daewoo International
Daily Markets - PKX To Acquire Daewoo International |
- PKX To Acquire Daewoo International
- Cisco Buys Smart Grid Firm
- SunPower Avails A $1.8M Grant
- Hot Stock Option Plays For Wednesday: Yahoo, Capital One Financial, New York Times, ZymoGenetics
- Mylan Acquires Bioniche Pharma
- Illinois Tool Acquires Elro Group
- Forex Trading: AUDUSD Tests Intraday Moving Average Borderline
- NCR Corp. Inks UniCredit Deal
- Morgan Stanley Shuffles Executives
- EPD: Inorganic Growth Continues
- Ciena Beats But Loss Widens
- Turn Out The Lights: Green Regulation Causes U.S. Light Bulb Factory To Close, 200 Jobs Are Gone
| PKX To Acquire Daewoo International Posted: 08 Sep 2010 11:35 AM PDT Korean steel maker, POSCO (NYSE:PKX) signed an agreement with the creditors of Daewoo International Corp., an energy developing company, for the acquisition of a 68% stake (or 68.7 million shares) by the end of September 2010. The transaction value of KRW 3.37 trillion is 2.5% lower than POSCO's original offer of KRW 3.46 trillion.
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| Posted: 08 Sep 2010 11:35 AM PDT Cisco Systems (NASDAQ:CSCO) recently announced that it agreed to acquire privately held Arch Rock Corp., which specializes in wireless network equipment for smart grids. Cisco did not say how much it was paying for the company. The networking giant said the acquisition would help it beef up its IP-based, end-to-end smart grid offerings, adding that Arch Rock complemented its recently announced strategic alliance with smart meter provider Itron for the development of solutions that enhance … [visit site to read more]
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| Posted: 08 Sep 2010 11:35 AM PDT SunPower Corp. (SPWRA) announced that it will receive a $ 1.8 million grant, allowing it to explore photovoltaic (PV) energy storage for large commercial applications. This grant from the California Solar Initiative Research, Development, Deployment and Demonstration (CSI RD&D) Program was approved by the California Public Utilities Commission (CPUC) in its second round of funding.
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| Hot Stock Option Plays For Wednesday: Yahoo, Capital One Financial, New York Times, ZymoGenetics Posted: 08 Sep 2010 11:11 AM PDT Capital One Financial Corp. (NYSE:COF) – Bullish traders flocked to the "what's in your wallet?" financial services company right out of the gate this morning to pick up near-term call options. Investors populating COF options exchanged more than 7 calls on the stock for each single put option in action ahead of midday in New York. Capital One's shares increased as much as 2.8% earlier in the session to touch an intraday high of $39.93. The stock is currently trading 1.65% higher on … [visit site to read more]
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| Mylan Acquires Bioniche Pharma Posted: 08 Sep 2010 11:05 AM PDT Mylan Inc. (NYSE:MYL) recently announced the completion of the acquisition of privately held Bioniche Pharma Holdings Ltd for $550 million in cash. The company added that the acquisition, which was announced in mid-July, was completed earlier than expected.
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| Illinois Tool Acquires Elro Group Posted: 08 Sep 2010 11:05 AM PDT Illinois Tool Works Inc. (NYSE:ITW) recently acquired Bremergarten-based developer and manufacturer of high quality thermal food service equipment, Elro Group. The terms of the transaction were not disclosed.
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| Forex Trading: AUDUSD Tests Intraday Moving Average Borderline Posted: 08 Sep 2010 10:51 AM PDT |
| Posted: 08 Sep 2010 10:35 AM PDT Technology and solutions provider NCR Corp. (NYSE:NCR) announced that it will offer a software security solution to UniCredit Bank's multivendor automated teller machines (ATMs). Financial details of the deal were not disclosed.
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| Morgan Stanley Shuffles Executives Posted: 08 Sep 2010 10:35 AM PDT Yesterday, Morgan Stanley (NYSE:MS) announced that Ms. Sophia Drossos has been appointed as a senior investor of the company's Investment Management unit.
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| EPD: Inorganic Growth Continues Posted: 08 Sep 2010 10:05 AM PDT Enterprise Products Partners, L.P. (NYSE:EPD), a leading master limited partnership (MLP), and Enterprise GP Holdings, L.P. (NYSE:EPE) have joined hands for a definitive unit-for-unit merger agreement. With this agreement, EPD's long-term cost of capital will be lower and its organizational structure will be simplified. The deal is expected to be completed in the fourth quarter of 2010.
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| Posted: 08 Sep 2010 10:05 AM PDT Telecommunications network specialist Ciena Corp. (NASDAQ:CIEN) reported third quarter fiscal 2010 loss of $16.7 million or 18 cents per share (including Nortel's assets), which increased from a loss of $13.4 million or 15 cents in the year-ago quarter. Earnings include stock based compensation charges but exclude one time items such as amortization of intangibles, fair value adjustment of acquired inventory, acquisition and integration as well as restructuring costs, loss on cost method … [visit site to read more]
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| Turn Out The Lights: Green Regulation Causes U.S. Light Bulb Factory To Close, 200 Jobs Are Gone Posted: 08 Sep 2010 09:34 AM PDT From today’s Washington Post, a good example of the Law of Uninteded Consequences: “During the recession, political and business leaders have held out the promise that American advances, particularly in green technology, might stem the decades-long decline in U.S. manufacturing jobs. But as the lighting industry shows, even when the government pushes companies toward environmental innovations and Americans come up with them, the manufacture of the next generation technology can still end up … [visit site to read more]
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