Topps Urges Holders to Reject Upper Deck Bid
Topps urged its shareholders to reject a tender offer from Upper Deck. The baseball-card and bubblegum maker agreed to be acquired by Tornante and Madison Dearborn in March.
Samsonite to Be Acquired by CVC Capital
Samsonite agreed to be acquired by private-equity firm CVC Capital Partners for about $1.1 billion.
Trump Entertainment Says
Acquisition Talks Ended
By ANTHONY BUCCINO
July 2, 2007 10:09 a.m.
People's United to Buy Chittenden
People's United agreed to buy Chittenden for $1.9 billion in cash and stock to expand its banking operations in New England.
People's United to Buy Chittenden,
Adding to New England Presence
By ANTHONY BUCCINO
June 27, 2007 10:38 a.m.
Areva Yields to Suzlon in Battle for REpower
Areva will abandon its $1.53 billion bid to take over German wind-power turbine maker REpower Systems.
Royal Caribbean Posts Lower Profit
Royal Caribbean posted lower profit, reflecting soft cruise demand and its acquisition of tour operator Pullmantur.
Cost Cutting Lifts RadioShack's Profit
RadioShack's expense cutting generated a sharp increase in profit, but same-store sales fell 9.2%, reflecting weakness in cellphones and satellite radios.
Norfolk Southern's Net Falls 6.6%
Norfolk Southern's profit fell 6.6%, as weakness in the automotive and housing industries damped the railroad operator's revenue.
Corning's Profit Climbs 27%
Corning said quarterly net rose 27% and issued a rosy forecast on surprisingly strong demand for fiber-optic equipment in the telecom arena.
Burlington Northern Profit Falls
Burlington Northern said its profit fell 15%, weighed down by a charge. The railroad operator's revenue climbed, led by coal-shipment results.
McClatchy Profit Plummets
McClatchy posted a sharp drop in profit, reflecting the downturn in the newspaper industry. Revenue surged on the addition of newspapers from Knight Ridder.
Catalina Marketing Agrees to Deal
Catalina Marketing agreed be acquired by Hellman & Friedman, a private-equity firm, for about $1.56 billion in cash, plus the assumption of debt.
McClatchy Joins Alliance for Online Ads
Yahoo expanded its online ad partnership with the newspaper industry, adding McClatchy to the consortium and broadening the venture beyond help-wanted ads.
Rite Aid's Net Falls Sharply
Rite Aid's quarterly profit fell sharply from a year earlier, when the company realized a big income tax benefit. Revenue fell 4.4%.
MGM, Mubadala Ink Joint Venture
MGM Mirage agreed with Mubadala Development to develop luxury nongaming hotels and resorts globally, starting with Abu Dhabi and Las Vegas.
$Agilent Agrees to Acquire Stratagene
Agilent agreed to buy Stratagene for $245.5 million in a deal that would boost the medical-test and equipment maker's life-sciences unit.
$KB Home Fills New Top-Level Post
KB Home named Hilton CEO Stephen Bollenbach as nonexecutive chairman. The home builder's chairman quit last year amid an options-backdating scandal.
$Monsanto Raises Full-Year Outlook
Monsanto's quarterly profit rose 23%, helped by surging demand for corn-based ethanol as an alternative fuel. The seed company also raised its full-year earnings forecast.
$Winston Hotels Accepts Buyout Offer
Winston Hotels agreed to be acquired by Inland American for about $438 million, after canceling its merger with Wilbur Acquisition Holding.
$Dubai Aerospace to Buy Two Carlyle Entities
Dubai Aerospace agreed to buy two North American companies that service aircrafts from private-equity firm Carlyle Group for $1.8 billion.
$Delta Applies for NYSE Listing
$New Consoles Lift GameStop's Profit
GameStop said profit rose 53% boosted by strong sales of software for new videogame consoles. The retailer plans to open more than 500 stores this year.
$Dollar General's Net Slides 66%
Dollar General's profit dropped 66% as the discount chain, which is being bought out by KKR, showed the effects of restructuring moves.
$Molson Coors Posts Higher Profit
Molson Coors Brewing's net income rose sharply in the fourth quarter, as results were helped by an extra week of operations.
$Anheuser-Busch Profit Rises 31%
Anheuser-Busch's profit jumped 31%, boosted by strong gains in a foreign-equity stake as well as a lower tax rate. Net sales rose 1.8%.
Lower Taxes, Higher Volume
Boost Anheuser-Busch Profit
By CANDACE CUMBERBATCH and ANTHONY BUCCINO
February 1, 2007 3:41 p.m.
$Union Pacific's Net Climbs 64%