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Mergers

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  • July 11- Walt Disney Co, Discovery Communications Inc and CBS Corp are being asked for information by U.S. antitrust officials probing Comcast Corp's proposed takeover of Time Warner Cable Inc, Bloomberg reported on Friday.

  • Business Highlights Friday, 11 Jul 2014 | 5:46 PM ET

    WASHINGTON— Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell. Tobacco firms Reynolds, Lorillard in merger talks. RICHMOND, Va.— Big Tobacco may soon get smaller.

  • A look at tobacco cos Reynolds American, Lorillard Friday, 11 Jul 2014 | 12:42 PM ET

    Cigarette makers Reynolds American Inc. and Lorillard Inc. on Friday said they are in talks of a possible merger that would combine two of the nation's oldest and biggest tobacco companies.

  • AP Top Extended Financial Headlines At 10:18 a.m. EDT Friday, 11 Jul 2014 | 10:18 AM ET

    Stocks edge lower, keeping them on track for biggest weekly loss since April No sale by owner: Americans with lower mortgage rates hold tightly onto homes Economists cut US growth forecasts, but remain optimistic economy will recover from grim 1 Q Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit Aereo presses case despite Supreme Court setback, seeks licensing treatment as cable company Burberry shareholders revolt over pay package for luxury house's new CEO Christopher Bailey Bulgaria to strip major bank of license; submits audit results to prosecutor US budget likely in surplus in June; deficit expected to be at lowest level since 2008 Chrysler recalls 651,000 SUVs for serviced vanity mirror lights because of fire risk

  • AP Top Financial News At 9 a.m. EDT Friday, 11 Jul 2014 | 8:55 AM ET

    Economists downgrade forecasts for US growth Tobacco firms Reynolds, Lorillard in merger talks Wells Fargo 2 Q profit rises, helped by loan growth Europe stocks rebound from bank scare; Asia muted Whirlpool buys big stake in Italy's Indesit Aereo presses case despite Supreme Court setback Bulgaria to strip Corpbank of license Ahead of the Bell: US budget deficit Portuguese bank says it's healthy, markets recover World Cup defeat can hurt domestic stock market

  • AP Top Financial News At 8:30 a.m. EDT Friday, 11 Jul 2014 | 8:30 AM ET

    Tobacco firms Reynolds, Lorillard in merger talks Ahead of the Bell: US budget deficit Europe stocks rebound from bank scare; Asia muted Bulgaria to strip Corpbank of license Wells Fargo 2 Q profit rises, helped by loan growth Whirlpool buys big stake in Italy's Indesit Aereo presses case despite Supreme Court setback Infosys quarterly profit up 15 percent Portuguese bank says it's healthy, markets recover Dubai airport soars in rankings of world's busiest

  • Tobacco firms Reynolds, Lorillard in merger talks Friday, 11 Jul 2014 | 7:14 AM ET

    A deal between Reynolds American Inc. and Lorillard Inc. would create a formidable No. 2 to rival Altria Group Inc., owner of Philip Morris USA. The merger would be "very positive for the global tobacco industry and could be just the beginning of future transactions," Wells Fargo Securities analyst Bonnie Herzog wrote in an investor note.

  • AP Top Extended Financial Headlines At 7:04 a.m. EDT Friday, 11 Jul 2014 | 7:04 AM ET

    US budget likely in surplus in June; deficit expected to be at lowest level since 2008 Asian stock markets weak amid new Europe jitters after problems at Portugal bank Whirpool to pay more than $1 b for controlling stake in Italian appliance maker Indesit Aereo presses case despite Supreme Court setback, seeks licensing treatment as cable company Infosys quarterly profit up 15.3 percent, maintains revenue growth forecast Portugal's biggest bank says it can cope with losses, helping to steady financial markets AP Interview: Dubai airport boss aims to keep pace with rapid growth in flight toward top rung Imperial Tobacco in talks to buy Reynolds American, Lorillard brands amid merger speculation Traders in Buenos Aires, Frankfurt should be alert to World Cup final outcome, research shows Gov.

  • Imperial in talks over Reynolds, Lorillard brands Friday, 11 Jul 2014 | 6:08 AM ET

    RICHMOND, Va.— Imperial Tobacco Group PLC says it's in discussions with U.S. cigarette makers Reynolds American Inc. and Lorillard Inc. to acquire some of their brands and assets amid talks of a possible merger.

  • *Reynolds, Lorillard not available to comment. LONDON, July 11- U.S cigarette makers Reynolds American Inc and Lorillard Inc are in talks on a possible multi-billion dollar disposal to Britain's Imperial Tobacco Group Plc, as part of efforts to ease antitrust concerns over their planned merger.

  • LONDON, July 11- Imperial Tobacco, the world's fourth-largest tobacco group, said on Friday it was in talks with Reynolds and Lorillard to acquire certain assets and brands that could be sold by the two companies. Reynolds and Lorillard are in advanced talks about a deal that would merge the No.2 and No.3 U.S. cigarette makers, Reuters has previously reported.

  • PARIS, July 10- Unions representing thousands of European workers affected by the sale of assets proposed by merging cement groups Lafarge and Holcim have asked the pair for specific employment guarantees that would be binding for the buyers.

  • *CIMB, RHB and Malaysia Building Society to seek merger- reports. KUALA LUMPUR, July 10- CIMB Group Holdings Bhd, Malaysia's second largest bank, is seeking to acquire two other lenders to create the country's biggest bank, media reports said.

  • KUALA LUMPUR, July 10- Malaysia's CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd will seek regulatory approval for a merger, aiming to create the country's largest bank, a newspaper said on Thursday. The Employees Provident Fund will play a significant role in the merger as it owns big stakes in all three firms, said the Star.

  • The Agnellis control Fiat Chrysler with a 30 percent stake via holding firm Exor, but their voting power could rise to as much as 46 percent through a loyalty scheme put in place as part of the merger to reward long-term investors.

  • France, Germany, Britain, eastern Europe to see selloffs. PARIS, July 7- Cement makers Lafarge SA and Holcim Ltd proposed a multi-billion euro series of asset sales on Monday as they seek regulatory approval for their merger to create the world's biggest cement maker.

  • Lorillard and Reynolds American near merger Thursday, 3 Jul 2014 | 1:06 PM ET
    Newport cigarettes, made by Lorillard Inc.

    Sources told CNBC that a Lorillard and Reynolds American merger is weeks away, although the companies have not fully negotiated terms.

  • July 3- Tobacco majors Lorillard Inc and Reynolds American Inc are likely to merge as early as end of July, CNBC reported, citing sources.

  • Photo-sharing site Shutterfly up for sale: Report Wednesday, 2 Jul 2014 | 8:40 AM ET
    Shutterfly

    Shutterfly, the photo-sharing service, is said to be working with boutique investment bank Qatalyst Partners to sell itself, Bloomberg reported.

  • SAO PAULO, July 2- Mergers and acquisitions in Brazil are expected to gain steam by the year-end as economic and political risks ease, helping companies and private-equity firms scouring for takeover targets focus on tapping the country's long-term potential.