Exar to buy Neterion for between $10M and $11M AP (February 09, 2010) FREMONT, Calif. (AP) - Exar Corp. said Tuesday that it will buy Neterion Inc., which provides adapters for servers and storage systems, for between $10 million and $11 million.
Japan Airlines rejects Delta, stays with American AP (February 09, 2010) TOKYO (AP) - Japan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, spurned the world's biggest carrier and opted to keep its alliance with American Airlines.
On the Call: Cigna CEO David Cordani on mergers AP (February 04, 2010) (AP) - Managed care company Cigna Corp. said Thursday it earned $330 million, or $1.19 per share, in the final quarter of 2009 on $4.64 billion in revenue. The insurer's financial picture was helped by improving equity markets that erased an earnings hit it suffered in 2008 from a couple of discontinued businesses.
BNY Mellon to pay $2.31B in cash for PNC division AP (February 02, 2010) NEW YORK (AP) - Bank of New York Mellon Corp. said Tuesday it is acquiring the global investment servicing business of PNC Financial Services Group Inc. for $2.31 billion in cash.
Ahead of the Bell: Cadbury to vote on Kraft deal AP (February 02, 2010) PORTLAND, Ore. (AP) - Kraft Foods Inc. faces a deadline Tuesday to get the majority of Cadbury PLC shareholders to approve its $19.5 billion offer to acquire the British candy maker.
Spyker: Saab will be profitable by 2012 AP (February 02, 2010) AMSTERDAM (AP) - Spyker Cars NV, the new owner of Saab, plans to produce three Saab lines and return the troubled Swedish carmaker to profitability by 2012.
Bunge to sell Brazil fertilizer business for $3.8B AP (January 27, 2010) WHITE PLAINS, N.Y. (AP) - Bunge Ltd. says it is selling its fertilizer nutrient assets in Brazil for $3.8 billion cash to Vale S.A.
Trading in shares of carmaker Spyker suspended AP (January 26, 2010) AMSTERDAM (AP) - The Dutch financial regulator says it has suspended trading in shares of luxury carmaker Spyker Cars NV Tuesday in expectation of a press release.
GM nears deal to sell Saab to Dutch automaker AP (January 26, 2010) DETROIT (AP) - Negotiators for General Motors Co. are close to striking a deal to sell the Swedish Saab brand to Dutch luxury automaker Spyker Cars, according to a person briefed on the talks.
Harleysville Natl holders OK sale to First Niagara AP (January 25, 2010) HARLEYSVILLE, Pa. (AP) - The bank Harleysville National on Monday said its shareholders approved its sale to First Niagara Financial Group.
AOL buys online video company StudioNow for $36.5M AP (January 25, 2010) NEW YORK (AP) - AOL Inc. said Monday that it is boosting its ability to create Web videos by paying $36.5 million for StudioNow Inc., a Web site that lets companies buy custom-made online videos from a network of freelance filmmakers.
Medtronic to buy Invatec for up to $500 million AP (January 25, 2010) NEW YORK (AP) - Medtronic said Monday it will pay up to $500 million for Invatec, a company that makes medical devices to treat cardiovascular disease.
GM: No deal yet to sell Saab, but still talking AP (January 25, 2010) DETROIT (AP) - Dutch luxury car maker Spyker Cars NV is still in talks with General Motors Co. to buy its ailing Saab brand, but no deal has been reached, spokesmen for both sides said Monday.
Out of race for Cadbury, Hershey on slower path AP (January 22, 2010) HARRISBURG, Pa. (AP) - The Hershey Co. on Friday conceded the race to acquire British candy maker Cadbury, opting for a slower road to international expansion but also possibly a tougher battle for shelf space in grocery stores at home.
Kraft Foods, Cadbury near agreed takeover deal AP (January 19, 2010) LONDON (AP) - Kraft Foods and British chocolate and gum maker Cadbury are close to an agreed takeover deal and will announce details later in the day, the two companies said Tuesday.
Molina buying Unisys support division for $135M AP (January 19, 2010) NEW YORK (AP) - Health insurer Molina Healthcare Inc. said Tuesday it will buy Unisys Corp.'s health information management business for $135 million in cash.