DRS Technologies on Friday said its $4 billion acquisition by Italian defense manufacturer Finmeccanica is on track and should close in the fourth quarter.
That statement from the American maker of defense electronics may finally lay to rest the speculation about the likelihood of another European company making a counter-bid for DRS.
Media reports had […]
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MID-DAY DEAL ROUND-UP
A123 Systems, a Massachusetts maker of lithium-ion batteries filed today for a $175 million IPO, despite a week that has seen three more IPOs struggle. China Mass Media International Advertising started the week off by halving its IPO, then Rhino Resources, a coal company, pulled its IPO on Thurday. And on Friday morning, Rackspace […]
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With the dollar rallying and commodities slumping of late, a lot of folks have declared the commodity boom to be dead. But “it’s still the first or second inning” of the cycle, says Jeff Saut, chief investment strategist at Raymond James, citing
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That’s what Larry Summers thinks. The former member of the Clinton Administration’s Treasury Department wrote a piece in the Financial Times arguing U.S. policy during this recession is on par with 1990s Japan. His answer? In part, a new version of the ol
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More bad news from the financial sector today as Fannie Mae reported a $2.3 billion loss. …
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With another wild week on Wall Street coming to a close on an upswing, market players are once again asking: “Was that it?” As in: was the bounce from the July 15 lows “the” bottom, “a” bottom or just a weigh station on the r
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The great auction-rate securities blood-letting banks have begun might well fill the bath if a lawsuit from Europe’s largest computer chip maker against Credit Suisse taps a legal vein. STMicroelectronics says the bank placed $450 million of its cash into auction-rate securities without authorization, and that there’s a lot more where that came from. “At […]
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It’s early in the back-to-school shopping season, but blogger and strategist Paul Kedrosky gives Apple low marks. Early numbers show electronics buying is off in an already slow season — a big reversal from retail trends during the last few years.&n
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