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Microsoft Revives Yahoo Fight, Considers More Limited Deal
Microsoft Corp. (NASDAQ: MSFT) said it has resumed its effort to team up with Yahoo Inc. (NASDAQ: YHOO) — and reopened the door to the possibility of making a new bid for the Internet company.
Dairy Co-Op Faces Price-Manipulation Probe
Federal regulators are investigating allegations that the nation’s largest dairy cooperative, Dairy Farmers of America, has manipulated milk and cheese prices, and are separately reviewing a secret transfer of cash to a former director of the organization.
Daimler, BMW Discuss Linkup on Components
BMW AG, (FRA: BMW) and Daimler AG’s (NYSE: DAI) Mercedes-Benz Cars division are in talks to explore teaming up in developing, producing and purchasing car components, according to people familiar with the matter.
Carbon Caps May Give Nuclear Power a Lift
As Congress debates whether to limit carbon-dioxide emissions, one of the most vocal supporters of such legislation — the nuclear-power industry — is poised to reap a multibillion-dollar windfall if restrictions take effect.
Founder, CEO of Maguire Properties Is Ousted
Maguire Properties Inc. (NYSE: MPG) confirmed Monday that its board has replaced its founder and Chief Executive Robert Maguire III, a bitter defeat for one of the most prominent office-building landlords in California.
EA May Extend Deadline for Take-Two Offer
Electronic Arts Inc. (NASDAQ: ERTS) is likely to again extend the deadline for its hostile tender offer to acquire videogame rival Take-Two Interactive Software Inc. (NASDAQ: TTWO) after failing to get the support of a majority of the company’s shareholders for a deal.
XOJet Gets $2.5 Billion for Expansion
XOJet Inc., a fast-growing private-aviation company backed by buyout firm TPG, is expected to announce Monday it has secured $2.5 billion in new financing to expand its jet fleet. It also plans to launch an international expansion in partnership with Tasameem, the real-estate arm of the Abu Dhabi Investmen Authority
LG Display to Boost Its LCD Production
SEOUL — LG Display Co. (NYSE: LPL) plans a one trillion won ($960 million) liquid-crystal-display production line, adding to analyst and investor concerns that an anticipated oversupply will be worse than expected.
Manitowoc Ups Bid for Enodis
LONDON — Food-equipment maker Enodis PLC (LON: ENO) Monday received an increased £1.08 billion ($2.11 billion) offer from Manitowoc Co. (NYSE: MTW) — trumping a previously agreed offer from Illinois Tool Works Inc. (NYSE: ITW).
Oil Rises on Speculation Saudi Supply Increase Won’t Cut Prices
May 19 (Bloomberg) — Oil rose after the president of the Organization of Petroleum Exporting Countries said increased crude production by Saudi Arabia next month won’t reduce prices, which are being driven by the weak U.S. dollar.
TIPS Show Bonds See Bubble Burst for Commodity Prices
May 19 (Bloomberg) — Treasury bond traders are telling Americans to stop fretting about inflation.
Ex-Amaranth Trader Hunter Helps Deliver 17% Gain for Peak Ridge May 19 (Bloomberg) — A commodities hedge fund advised by Brian Hunter returned 17 percent last month using a strategy similar to one the energy trader relied on at Amaranth Advisors LLC and that led to its collapse in 2006.
Goldman, Lehman, Morgan Profit Estimates Cut at Citi
May 19 (Bloomberg) — Goldman Sachs Group Inc., (NYSE: GS) Lehman Brothers Holdings Inc. (NYSE: LEH) and Morgan Stanley (NYSE: MS) had their earnings estimates cut at Citigroup Inc., (NYSE: C) which said the investment firms face a “tough operating environment” in the second quarter.
Capital International Opens Fund for Emerging Markets
May 19 (Bloomberg) — Capital International Inc., a unit of Los Angeles-based asset manager Capital Group Cos., raised $2.25 billion for private-equity investments in emerging- markets, four times the size of its previous fund.
GM Lifts on American Axle Labor Deal
American Axle Manufacturing (NYSE: AXL) has struck a tentative agreement with the United Autoworkers that would end a costly strike.
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