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ABC Likely to Reshape ‘World News’ Webcast
Walt Disney Co.’s (NYSE:DIS) ABC News is close to scrapping the current format of its daily “World News” Webcast, an online version of the evening news anchored by Charles Gibson, which the network trumpeted as a major step into its digital future when it launched two years ago.
XTO Strikes $4.19 Billion Hunt Deal
Oil and natural-gas producer XTO Energy Inc. said it will buy closely held Hunt Petroleum Corp. for $4.19 billion in cash and stock, in a deal that highlights the changing of the guard in the U.S. oil patch.
Inflation’s Bite Worsens Around World
Inflation worries are heating up around the world and jolting financial markets in the process.
Yahoo Says an Icahn Win Triggers Plan
Yahoo Inc. (NASDAQ:YHOO) asserted that a severance plan that investor Carl Icahn has called excessively expensive would be triggered if the activist investor is successful in his bid to take control of the company’s board.
Staples Buys Corporate Express
Corporate Express NV (NYSE:CPX) agreed to be bought by Staples Inc. (NASDAQ:SPLS) for about €2.1 billion ($3.25 billion). The Dutch office-products supplier also said it has terminated a merger agreement with France’s Lyreco SAS.
Daiichi Sankyo Plans to Buy Controlling Stake in Ranbaxy
Daiichi Sankyo Co. (TYO:4568) said Wednesday it will buy a controlling stake in India’s Ranbaxy Laboratories Ltd. (BOM:500359) in a tender offer deal valued at as much as ¥495 billion ($4.61 billion), extending its reach to emerging economies and global generic drug markets.
Aon’s Case Seeks Takeovers as Insurance Rates Drop (Update1)
Aon Corp., (NYSE:AOC) the world’s second-biggest insurance broker, will find “attractive” takeover opportunities and has the resources to buy competitors as insurance rates drop, Chief Executive Officer Gregory Case said.
Investors Get More Bearish on U.S., U.K.; Brazil Bulls Retreat
Investors from the U.S. to Europe to Japan are growing more convinced stocks will drop the next six months as commodity prices curb profits and force central banks to raise interest rates, a survey of Bloomberg users showed.
China’s Export Growth Unexpectedly Accelerates to 28%
China’s export growth unexpectedly accelerated in May, easing concern that a strengthening yuan and a slowdown in U.S. demand will trigger an economic slump.
Take-Two Must Show Why It’s Not Complying With FTC
Take-Two Interactive Software Inc. (NASDAQ:TTWO) said a U.S. court ordered it to show why it isn’t in compliance with a request for additional information regarding Electronic Arts Inc.’s (NASDAQ:ERTS) bid
for the video-game maker.
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