text stringlengths 348 8.58k | label int64 0 49 |
|---|---|
International Business Machines Corp. said Wednesday it agreed to buy Edmark Corp., a publisher of children's education software, for $80 million in cash in a move to focus its consumer business on learning at home.
The world's largest computer maker said it would launch a tender offer for all of Edmark at $15.50 a sha... | 46 |
One of the hottest topics this week at an Internet show is so-called "push technology," which directly broadcasts customized news to a networked PC, but it is also already seen as the next area ripe for a shakeout.
Internet broadcasters are lead by companies like PointCast Inc., a privately-held firm in Santa Clara, Ca... | 46 |
A top executive at Compaq Computer Corp. said Thursday he was leaving the world's biggest personal computer maker and joining an Internet startup, giving credibility to the startup and setting in motion a realignment of Compaq's sales managers.
The executive, Ross Cooley, is leaving a position where he was in charge of... | 46 |
Upstart satellite company EchoStar Communications Corp -- in the business only since March -- gave the nascent industry a major jolt this month when it cut prices sharply.
Then on Monday, Thomson, which dominates the satellite TV dish market, matched EchoStar's $199 price.
Thomson executives said the new price will sur... | 46 |
International Business Machines Corp. unveiled its Internet strategy Tuesday and announced partnerships with retailers, oil companies and other companies to boost business over the global computer network and corporate "intranets."
"We feel very, very good about the Internet as a business and about where we are going,"... | 46 |
America Online Inc., responding to the competion posed by the Internet, said Tuesday it would reorganize its business and unveiled a flat-rate $19.95-a-month pricing plan.
The world's biggest online services company said it was taking $460 million in charges this year as it restructures its operations.
As part of its r... | 46 |
International Business Machines Corp said its $80 million acquisition of Edmark Corp will serve as the core for the computer giant's plans to focus on education in its fledgling consumer products unit.
The deal will also give Edmark access to IBM's worldwide distribution tentacles, which it needs to compete in the cut-... | 46 |
International Business Machines Corp is expected to report solid third quarter earnings Monday, but because its new mainframes did not ship in big volumes until the end of the quarter, analysts said they do not expect any big upside surprises.
According to First Call, the computer giant is expected to report earnings i... | 46 |
Compaq Computer Corp., the world's largest personal computer maker, will launch its first computer workstations this week with low-cost entrants that already have at least one workstation maker scrambling.
"They have a fighting chance to really threaten some of the traditional vendors," said Keren Seymour, an analyst w... | 46 |
A subsidiary of construction and engineering giant Bechtel Corp. said Monday it will unveil a new Internet gateway Tuesday as it seeks to break what it says is an oligopoly consisting of the phone companies that manage most of the world's Net hubs.
Genuity Inc. said the gateway, known as a network access point, and a n... | 46 |
Home use of the Internet's World Wide Web has more than doubled in the last year, with about 11 percent of U.S. households claiming to have used the Web in the last month, according to a study by PC-Meter.
The market research company said 11 percent of all 98.7 million U.S. households was equivalent to about 11 million... | 46 |
Sun Microsystems Inc said it will announce on Wednesday an initiative with several industry leaders to standardize its popular Java programming language, which is widely used to develop Internet software.
Sun said International Business Machines Corp, Apple Computer Inc, Netscape Communications Corp, Oracle Corp and ot... | 46 |
EchoStar Communications Corp. -- the upstart in the direct broadcast satellite television business -- gave the nascent industry a major jolt this month with a sharp price cut.
The jolt reverberated earlier this week when Thomson, the U.S. unit of France's Thomson-CS, which dominates the satellite TV dish market, matche... | 46 |
CompuServe Corp is expected to announce on Thursday that it is dissolving its Wow! consumer online service as it gives up on the consumer market and refocuses on the corporate market, industry sources said.
A spokesman for the Columbus, Ohio based company declined to comment, saying he could not comment in advance of a... | 46 |
International Business Machines Corp unveiled several new partnerships as part of an all-encompassing strategy unveiled at a session on electronic commerce, but said it will make money from these ventures the "old fashioned" way - through hardware, software, and services.
IBM announced a wide array of partnerships, ran... | 46 |
Prodigy Inc. said Wednesday that on Monday it will launch its Internet-based version of the Prodigy online service, called Prodigy Internet, with two pricing models, including a flat-rate plan of $19.95 a month for unlimited service.
The company said its introduction of Prodigy Internet makes it the first of the origin... | 46 |
Sun Microsystems Inc. Tuesday introduced its first network computer, the JavaStation, in a direct challenge to Microsoft and Intel, the dominant players in the industry.
Saying the company was ushering in a new era of computing, Sun Chief Executive Officer Scott McNealy unveiled a sleek, charcoal-grey device, about nin... | 46 |
Several U.S. computer retailers reported a sluggish start to the big holiday season, with November sales showing ongoing weakness and heavy promotions, which may bode poorly for sales of consumer PCs this quarter.
But retailers also noted in their monthly reports that the November holiday shopping season was shorter th... | 46 |
International Business Machines Corp. said Friday it was reorganizing its global sales and services businesses under a single brand, IBM Global Services.
IBM's services business has operated under various names outside the United States and the move should help clarify the IBM brand as well as boost efficiency, the com... | 46 |
Many personal computer makers this week will roll out flashy multimedia PCs designed around a new chip by Intel Corp. -- a development that is expected to give the consumer sector of the industry a much-needed boost.
Intel will officially launch its much-anticipated P55C microprocessor using its so-called MMX (multimed... | 46 |
Netscape and Microsoft and others agreed on Tuesday that the so-called Internet browser wars were silly, although that did not stop some sparks from flying between the two battling CEOs at a computer conference here.
Microsoft Corp. and Netscape Communications Corp. are locked in a few battles over Internet software, w... | 46 |
International Business Machines Corp. Chairman Louis Gerstner on Wednesday warned the computer industry of a backlash against the Internet as confusion and feuding reigns among corporate rivals.
"A lot of what has gone on is just plain confusing," Gerstner said in a keynote speech at the Internet World trade show in Ne... | 46 |
America Online Inc, the world's largest online service, said with the changes it implemented earlier this fall and its major restructuring announced this week, it is seeing a renewed momentum.
Steve Case, AOL chairman and CEO, told the company's annual meeting that with the reoganization of AOL, its new flat-rate prici... | 46 |
Computer makers are expected to report solid fourth-quarter earnings in what is normally the strongest quarter of the year, but the stronger dollar will hurt some big systems makers.
Despite all the negative reports from computer retailers about lackluster personal computer sales, analysts said most U.S. PC makers -- w... | 46 |
IBM reports earnings on Monday and analysts expect growth of about 5 percent for the third quarter, boosted by sales of personal computers, other hardware and its fast-growing service business.
Industry analysts expect the improvement after a difficult second quarter for International Business Machines Corp., the natio... | 46 |
International Business Machines Corp is discontinuing some unspecified research and development projects as part of a wider effort to cut costs, Louis Gerstner, the company's chairman and chief executive, said on Wednesday.
Gerstner, speaking on a panel of top IBM executives at a Gartner Group technology symposium, sai... | 46 |
U.S. computer hardware makers are expected to report mixed results for the third quarter starting this week, as some companies are still in the throes of product transitions, but a few will have solid earnings.
Among the large system makers, International Business Machines Corp is expected to have good results, but Dig... | 46 |
Personal computer makers next week will simultaneously roll out flashy multimedia PCs designed around a new chip by Intel Corp, a move that is expected to give the consumer sector of the industry a much-needed boost.
On Wednesday Intel will officially launch its P55C microprocessor, with its so-called MMX (multimedia e... | 46 |
America Online Inc., the world's largest online service, Thursday reported a first quarter net loss of $353.7 million due to its widely-expected restructuring charges to change its accounting practices.
The Dulles, Va.-based company said its loss, of $3.80 a share, in the first quarter ended Sept. 30, included a write-... | 46 |
One of the hottest topics at a recent Internet trade show was so-called "push technology," which directly broadcasts customised news to computer users hooked up to the Net -- but is also seen as the next area ripe for a shakeout Internet broadcasters are led by companies
like privately held PointCast Inc., which an... | 46 |
International Business Machines Corp. Monday reported a third-quarter profit that came in a shade better than Wall Street had expected, boosted by strong sales of personal computers and services.
The world's largest computer maker said net earnings were $1.29 billion, or $2.45 a share, for the quarter, compared with a ... | 46 |
International Business Machines Corp will provide an update on its strategy for electronic commerce on Tuesday and will also unveil new partners and show examples of projects already in the works.
Electronic commerce is a now widely-used buzz word in the computer industry that refers to buying and selling goods and ser... | 46 |
Netscape Communications Corp. and five regional Bell phone companies said Tuesday that the five "Baby Bells" will use Netscape's Navigator software as the main browser for their Internet access businesses.
Participating in the deal with Netscape were the Internet access units of Ameritech Corp., Bell Atlantic Corp., Be... | 46 |
International Business Machines Corp. will update its strategy for electronic commerce Tuesday, and will unveil new partners and show examples of projects already in the works.
Electronic commerce is a widely used buzz word in the computer industry which refers to buying and selling goods and services or conducting tra... | 46 |
EchoStar Communications Corp. -- the upstart in the direct broadcast satellite television business -- gave the nascent industry a major jolt this month with a sharp price cut.
The jolt reverberated earlier this week when Thomson, the U.S. unit of France's Thomson-CSF, which dominates the satellite TV dish market, match... | 46 |
After a turbulent first year on the Internet, Rupert Murdoch's News Corp. will launch a revamped Web site on Monday with a new strategy more tightly focused on its well-known TV Guide.
The company's entertainment Web site will remain free on the Internet but will be renamed The TV Guide Entertainment Network with a new... | 46 |
Compaq Computer Corp., the world's biggest personal computer maker, said Wednesday that profits jumped 43 percent in the third quarter on higher sales of PCs and accessories, as well as streamlined operations.
The results exceeded published estimates on Wall Street, but Compaq's stock fell $1.125 to $73.625 on the New ... | 46 |
A top executive at Compaq Computer Corp. said Thursday he was leaving the world's biggest personal computer maker and joining an Internet startup, giving credibility to the startup and setting in motion a realignment of Compaq's sales managers.
The executive, Ross Cooley, is leaving a position where he was in charge of... | 46 |
The battle between Bill Gates and Larry Ellison over the ballyhooed network computer is getting rougher.
For the past year, Oracle Corp. Chairman Larry Ellison has been evangelizing his vision of a low-cost, diskless PC to access corporate networks and the Internet, a PC without a hefty operating system like Windows.
E... | 46 |
Electronic commerce over the Internet - buying airplane tickets, music CDs, or clothes with a credit card - is not fiction anymore.
But security and other concerns hampered the Internet from becoming an international shopping mall in 1996, and security remains an issue for 1997.
Electronic commerce in 1996 was not quit... | 46 |
International Business Machines Corp reported strong third quarter results on Monday but raised concern about the fourth quarter, sending shares on a roller-coaster ride.
IBM's third quarter earnings of $2.45 a share was just two cents above the Wall Street consensus estimate of $2.43. IBM opened off, then climbed to 1... | 46 |
America Online Inc. said Monday it was starting a major expansion of its online network and planned to spend $250 million through the end of its fiscal year in June to build capacity and improve service.
The nation's largest online service provider said it was upgrading its network to meet the surge in demand generated... | 46 |
Netscape Communications Corp. Tuesday unveiled a line of low-cost software to make corporate networks more like the Internet and said that it would "embrace" archrival Microsoft Corp.'s products as part of its war for control of the corporate software market.
Netscape is under heavy attack from software behemoth Micros... | 46 |
Digital Equipment Corp.'s top executives host computer industry analysts Tuesday, hoping to impart a view of a brighter future and re-ignite interest in the company's downtrodden stock on Wall Street.
Analysts expect the Maynard, Mass.-based computer maker, which just last month reported a big fourth-quarter loss and r... | 46 |
Computers appear to have taken a back seat this holiday season to gifts of other sorts as several computer retailers this week reported a sluggish start to the big holiday season.
Among major computer retailers, November sales showed ongoing weakness and heavy promotions, and analysts said this combination may bode poo... | 46 |
U.S. computer makers are expected to report solid fourth quarter earnings in what is normally the strongest quarter of the year, but the stronger dollar will have a negative impact on some big systems makers.
And despite all the negative reports from computer retailers about lackluster personal computer sales, analysts... | 46 |
The stock of IBM, years ago dubbed "I've Been Mugged," is back in style and hitting historic highs on Wall Street, where investors say shares of the world's biggest computer company can continue rising.
The rally in International Business Machines Corp. stock started on Friday when an influential analyst, Daniel Mandre... | 46 |
Philip Zimmermann, a computer programmer and cryptographer who was investigated by the U.S. government for three years because his encryption software given away over the Internet was classified as a weapon, is going mainstream with the hopes of making money.
At this week's Internet World trade show in New York, Zimmer... | 46 |
The stock of IBM, which in recent years was derisively dubbed "I've Been Mugged," is back trading at historic highs, with many analysts and traders predicting its shares will continue to soar.
The major rally was sparked last Friday when an influential Wall Street analyst, Daniel Mandresh of Merrill Lynch, raised his 1... | 46 |
Unisys Corp. posted improved results in the third quarter, the company said Wednesday, as its new business structure began to pay off, while Stratus Computer Inc. reported better-than-expected profits.
Unisys, based in Blue Bell, Pa., reported a third quarter profit of $14.2 million, but a loss of 9 cents a share after... | 46 |
Shares in media group Pearson rose sharply on Monday as takeover speculation swirled on a report, later denied, that broadcaster BSkyB might be planning a bid, just days after new management was appointed.
"The price was boosted last week by the management change but now it reflects revived bid speculation," said one s... | 16 |
Britain's decision to take legal action to ban Resale Price Maintenance (RPM) on non-prescription medicines is likely to boost competition and could benefit some stores in terms of market share, analysts said on Friday.
"Anything that actually causes prices to fall is not good news (for retailers), but for those wantin... | 16 |
British supermarket retailer J. Sainsbury Plc expects its new banking venture to turn in profits "in a relatively short period of time," marketing director Kevin McCarten told Reuters in an interview.
"We see this as a commercial venture...it is not a huge sink of money," he said.
Sainsbury announced on Friday that it ... | 16 |
J. Sainsbury Plc announced plans Friday to launch a jointly owned banking service with Bank of Scotland, the first supermarket to do so in Britain's hotly competitive food retailing business.
"It could be a winner if it is done in the right way," said one industry analyst who asked not to be identified.
Sainsbury said ... | 16 |
Tax changes on long-term assets made in the British budget sparked falls in utility sector stocks on Wednesday but analysts said the concerns might be overdone and expected the sector to recover.
"It is not a welcome move but it should not be a disaster. I do not think it should have a significant impact," said one ana... | 16 |
J. Sainsbury Plc announced plans Friday to launch a jointly owned banking service with Bank of Scotland, the first supermarket to do so in Britain's hotly competitive food retailing business.
Sainsbury said it had applied to the Bank of England for authorisation for a new bank to be owned 55 percent by the company and ... | 16 |
CalEnergy of the U.S. threw British regional electricity company Northern Electric its second bid challenge in just over a year on Monday with a $1.225 billion offer and analysts said it may succumb.
"We will see an agreed bid eventually," said Philip Hollobone at Williams de Broe, who said the price could rise to 650-... | 16 |
London Electricity on Tuesday became the latest British regional electricity company (Rec) to attract bid speculation after U.S. firm Entergy was reported to be mulling a 1.2 billion pound ($2 billion) bid.
London Electricity declined comment on a report in the Wall Street Journal Europe that confidential documents sho... | 16 |
British spirits, pubs and fast food group Allied Domecq on Tuesday reported a fall in annual profits but effectively ruled out a demerger as a solution to its problems.
Allied chairman Sir Christopher Hogg said in a statement the company was "clear that the best way to improve shareholder value is to improve operating ... | 16 |
A unit of CalEnergy Co., a fast-growing, Nebraska-based energy company, Monday launched a $1.2 billion takeover bid for British regional utility Northern Electric Plc, which promptly rejected the unsolicited offer.
The offer was the second for Northern Electric in just over a year and the fourth for a British power com... | 16 |
British utility South West Water could face bids worth 950 million pounds ($1.51 billion) if the government lets Severn Trent and Wessex Water go ahead with firm offers, analysts said on Thursday.
However, the official go-ahead for any bids is likely to be linked to a deal offering price cuts for customers, they said.
... | 16 |
Britain's Northern Electric is set to rush out a glowing set of figures aimed at persuading the market that the 630 pence per share hostile bid by CE Electric is too low, analysts said on Friday.
The regional electricity company (Rec) said it would bring its half-year results forward from a scheduled date of December 5... | 16 |
ASDA Plc may not be Britain's biggest supermarket chain but new chief executive Allan Leighton is determined to make it the best.
ASDA is currently one of Britain's top four supermarkets with around 13.1 percent of the market, behind Tesco's leading 22.7 percent and its arch-rival J. Sainsbury's 19.3 percent, according... | 16 |
British opposition Labour party's plans for a one-off "windfall" tax on utility companies may be causing more stock market damage through uncertainty than the tax itself would, analysts said on Thursday.
If it won the next general election, due within six months, Labour has said it would levy a tax to reap excess profi... | 16 |
Welsh multi-utility Hyder's shares rose after it posted a 25 percent hike in half-year profits on Friday and said electricity business Swalec, which it took over in January, should boost earnings.
Pretax profits rose to 100.7 million pounds ($169.5 million) for the six months ending September 30 from 80.6 million pound... | 16 |
Britain's J. Sainsbury Plc stole a march on competitors on Friday by announcing plans to become the first supermarket to launch banking services in a link with Bank of Scotland which analysts said may prove to be a money spinner.
"It could be a winner if it is done in the right way," said one analyst who asked not to b... | 16 |
Shares in Britain's second biggest supermarket chain J. Sainsbury Plc rose on Wednesday after the group held out hope of an improved performance despite a fall in half year profits and sluggish sales.
"The share price rise is a triumph of hope over statistics," said one sector analyst.
Sainsbury, which last year was ov... | 16 |
U.S. group Dominion Resources on Wednesday agreed a 1.3 billion pound ($2.15 billion) bid for East Midlands Electricity, one of only five remaining British independent regional electricity companies.
But East Midlands shares languished well below the 670 pence per share offer price, as concerns emerged the bid might fa... | 16 |
The government's surprise decision to block proposed bids for South West Water on Friday seems to make mergers between water firms taboo but keeps open the door to the creation of more multi-utilities, analysts said.
"It is surprising...(now) the idea of multi-utilities is gaining ground, it does look as if that is the... | 16 |
U.S.-based Dominion Resources on Wednesday agreed a 1.3 billion pound ($2.15 billion) takeover of East Midlands Electricity, one of only five remaining British independent regional electricity companies (Recs).
But doubts that the deal would make it past UK competition authorities as political pressures gather ahead of... | 16 |
British regional electricity company Northern Electric said on Monday it would rush out results by the end of November to show that a $1.225 billion bid from CE Electric of the U.S. was inadequate.
In its first formal defence since CE Electric posted its bid on November 5, Northern said the half-year figures, previousl... | 16 |
London Electricity on Tuesday became the latest British regional electricity company (Rec) to attract bid speculation after U.S. Entergy was reported to be planning a 1.2 billion pound ($2 billion) bid.
London Electricity declined comment on the report in the Wall Street Journal Europe.
"It is speculation and obviously... | 16 |
British regional electricity company Northern Electric on Monday promised to rush out results by the end of November to prove that a $1.225 billion hostile bid from America's CE Electric undervalued it. But CE Electric said it still felt its 630 pence per share offer was full and fair, adding that there was "nothing in... | 16 |
British spirits, pubs and fast food outlet group Allied Domecq on Tuesday reported a fall in annual profits but effectively ruled out a demerger of its spirits business as a solution to its problems.
Allied chairman Sir Christopher Hogg said in a statement the company was "clear that the best way to improve shareholder... | 16 |
British water and sewerage company South West Water saw half year profits surge on Thursday and it hiked its dividend 20 percent, as expected, with a promise of real dividend increases of eight percent in coming years.
"The dividend policy will continue to be based on the pursuit of progressive growth," the company sai... | 16 |
The stock of media group Pearson closed sharply higher Monday as takeover speculation swirled on a report, which was later denied, that broadcaster BSkyB might be planning a bid in the wake of announced management changes.
Pearson shares closed 34-1/2 pence (55 cents) higher at 731p ($11.60) after earlier touching a hi... | 16 |
Cable & Wireless Communications, a major new British cable operator formed on Tuesday from a group led by Cable & Wireless Plc, has the potential to be competitive and focuses attention on the fast-growing area, analysts said.
"The logic is irrefutable...the advantages of scope and size are undoubtedly there," ... | 16 |
British electricity transmission business National Grid should report a rise in half year profits on November 26 and could explain how it will cope with new pricing controls that come into effect on April 1, 1997.
"We will be looking for indications on how they are going to cope, whether there will be any cost cutting,... | 16 |
U.S. group Dominion Resources on Wednesday agreed a 1.3 billion pound ($2.15 billion) bid for East Midlands Electricity, one of only five remaining British independent regional electricity companies.
But East Midlands shares languished well below the 670 pence per share offer price, as concerns emerged the bid might fa... | 16 |
British industry watchdog Ofwat said on Tuesday it would review water company price limits in 1999, five years ahead of schedule, in a move which commentators said was not unexpected and possibly with political undertones.
The opposition Labour party, currently standing ahead of the ruling Conservative party in opinion... | 16 |
Entergy Corp on Wednesday called off talks with British regional electricity company (Rec) London Electric but the U.S. firm said it was still keeing an eye on the electricity sector, which has seen a recent flurry of bids and rumours.
In a statement responding to newspaper reports it planned a 1.2 billion pound ($2.02... | 16 |
Thames Water reported a strong rise in profits and dividend on Tuesday to kick off Britain's water utility half-year results season, perking up shares in the sector with hopes others would be as generous to shareholders.
Thames said first half pre-tax profits rose to 176 million pounds ($281 million) after exceptional ... | 16 |
British water and sewerage company South West Water turned in sparkling first half profits on Thursday and hiked its dividend by an expected 20 percent, promising further increases in years to come.
The company, which evaded takeover earlier this year when two proposed bids were blocked by the UK government, said it ex... | 16 |
Virginia-based Dominion Resources Inc., continuing an American invasion of the recently privatised utility industry in Britain, agreed Wednesday to acquire East Midlands Electricity Plc for about 1.3 billion pounds ($2.15 billion).
Executives from Dominion met East Midlands management late Tuesday to offer 6.7 pounds (... | 16 |
Britain's J. Sainsbury Plc stole a march on competitors on Friday by becoming the first supermarket to launch banking services in a link with Bank of Scotland, which analysts said may prove to be a money spinner.
"It could be a winner if it is done in the right way," said one analyst who asked not to be identified.
Sai... | 16 |
The birth of a cable giant led by British Telecom's rival Cable & Wireless should enliven competition and could eventually ease pressure on BT by regulators long worried by its dominance of the UK market, analysts said on Wednesday.
In its latest rebuff, telecommunications watchdog Oftel on Wednesday banned a promo... | 16 |
London Electricity on Tuesday became the latest British regional electricity company (Rec) to attract bid speculation after U.S. firm Entergy was reported to be mulling a 1.2 billion pound bid.
London Electricity declined comment on a report in the Wall Street Journal Europe that confidential documents showed the U.S. ... | 16 |
Political pressures ahead of a general election may mean the latest bids in a wave of takeovers of British regional electricity companies (Recs) do not get a rapid nod from the UK government, analysts said on Wednesday.
"A referral (to competition authorities) is a distinct possibility. I think it is a 50-50 shot," sai... | 16 |
British supermarket chain Safeway, known for cute kid adverts and innovative technology, turned in a seven percent rise in half year profits on Thursday and said sales were rising with hopes of a cheery Christmas.
"I am positive about Christmas, there are some good statistics on retail generally...I would hope that (co... | 16 |
Britain's second biggest supermarket group J. Sainsbury Plc reported a fall in half year profits as expected on Wednesday and sluggish sales.
But the company, which last year was overtaken as market leader by arch-rival Tesco, held out the hope of improvements, and its shares rose.
Sainsbury said half year pretax profi... | 16 |
The birth of a cable giant led by British Telecom's rival Cable & Wireless should enliven competition and ease pressure on BT by regulators long worried by its dominance of the UK market, analysts said on Wednesday.
In its latest rebuff, telecommunications watchdog Oftel on Wednesday banned a promotion by BT, Brita... | 16 |
Privatised nuclear power generator British Energy Plc sparked criticism on Wednesday when it announced job cuts that failed to impress the stock market and angered unions.
"I don't think this move transforms (British Energy's) prospects at all," said Philip Hollobone, utilities analyst at Williams de Broe.
British Ener... | 16 |
A unit of CalEnergy Co., a fast-growing, Nebraska-based energy company, Monday launched a $1.2 billion takeover bid for British regional utility Northern Electric Plc, which promptly rejected the unsolicited offer.
The bid is the latest for a British power company and the second for Northern Electric in just over a yea... | 16 |
Electricity stocks crackled higher on Friday as rumours swirled around the market of a U.S. buyer for one of five remaining regional utilities and analysts said the forthcoming results season could provide a spur for action.
"There is going to be a big focus on the ability of these companies to hand out more cash...if ... | 16 |
Shares in British utility Northern Electric rose on Friday after a newspaper reported that U.S. group CalEnergy was set to raise its 630 pence a share takeover offer.
The report in the London Evening Standard said CalEnergy, through CE Electric in which it has a 70 percent stake, might be willing to increase its 650 mi... | 16 |
CE Electric's $1.225 billion bid for British regional electricity company (Rec) Northern Electric has highlighted possible renewed interest in the four other remaining independent Recs, analysts said on Tuesday.
"There are clearly operational reasons which make the bid attractive to CE Electric, so there may be other b... | 16 |
Britain's nuclear generator British Energy Plc said on Tuesday it would announce job cuts and cost savings on October 9 which were largely expected by the market but criticised by opposition politicians.
"It is clear that British Energy has not performed as they promised they would," Labour's energy and industry spokes... | 16 |
Shares in media group Pearson closed sharply higher on Monday as takeover speculation swirled on a report, later denied, that broadcaster BSkyB might be planning a bid in the wake of announced management changes.
Pearson shares closed 34-1/2p higher at 731p after earlier touching a high for the year of 745p, as 6.7 mil... | 16 |
British power generator National Power Plc said on Wednesday that half year profits had slipped, hurt by exceptional charges over costs of an aborted takeover, and said the year's output could be 20 percent down.
Pretax profits for the half year before exceptional items of 57 million pounds ($95.79 million) were 251 mi... | 16 |
British utilities could find share buybacks and takeovers more costly as the government ruled out tax credits on buybacks and some special dividends on Tuesday, analysts said, but they are unlikely to stop such moves.
"It should not stop companies doing buybacks or special dividends," said Michael Cohen, utilities anal... | 16 |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.