With stocks near record highs, strategists are recommending investors focus on stock-picking select names and sectors, rather than the broader market.» Read More
RIO DE JANEIRO, Nov 27- Brazilian tycoon Eike Batista's oil company, OGX, lost 2.12 billion reais in the third quarter as it scrambled to start output from an offshore oil field that represents one of its last chances to remain afloat.
NEW YORK, Nov 14- A lawyer tasked with reviewing advisers' fees in Eastman Kodak Co's bankruptcy on Thursday gave his blessing to more than $240 million in bills, priming them for court approval next week. In large cases like Kodak's, judges often tap examiners to pore over the bills and offer recommendations as to whether they are reasonable.
LONDON, Nov 11- London- listed Shire has agreed to buy U.S. company ViroPharma for about $4.2 billion in cash to create a leading force in treatments for rare diseases.
NEW YORK, Nov 8- Alcatel-Lucent is exploring the sale of a division that sells switches and communications gear to corporate clients, part of the French company's efforts to shed 1 billion euros worth of assets by 2015, according to people familiar with the matter.
*Sold shares at 315 pence each, upper half of range. *Stock opened 3.2 percent higher on London market debut. LONDON, Nov 8- Shares in Merlin Entertainments jumped more than 12 percent in debut trade on the London stock market on Friday, to value the Madame Tussauds and amusement parks operator at around 3.5 billion pounds.
*Etisalat to buy Vivendi's 53 pct stake in Maroc Telecom. *Maroc Telecom leading wireless carrier in Morocco. DUBAI, Nov 5- Etisalat has agreed to buy Vivendi's 53 percent stake in Maroc Telecom for 4.2 billion euros, giving the Abu Dhabi company control over the largest wireless carrier in Morocco and a bigger footprint in sub-Saharan Africa.
*Creditors' committee formed by Pimco, BlackRock, others. RIO DE JANEIRO/ SAO PAULO, Oct 29- OGX Petróleo e Gas Participações SA, the cash-strapped Brazilian oil company controlled by former billionaire Eike Batista, said on Tuesday that debt restructuring talks with holders of $3.6 billion in bonds had ended with no agreement.
*Creditors' committee formed by Pimco, BlackRock, others. RIO DE JANEIRO/ SAO PAULO, Oct 29- Indebted Brazilian oil producer OGX Petróleo e Gas Participações SA said on Tuesday that talks with holders of $3.6 billion in bonds have ended without agreement, following months of negotiations over a potential debt restructuring.
MOSCOW, Oct 28- Russia sold a 16 percent stake in state diamond miner Alrosa at the bottom of a planned price range on Monday, highlighting the lack of progress in a state privatisation drive that was supposed to net $13 billion this year.
MOSCOW, Oct 28- Russian state-owned diamond miner Alrosa expects to raise $1.3 billion in a share sale, a figure at the bottom of a previously announced range, in a government privatisation drive that has been hit by delays and weak investor sentiment.
SAO PAULO/ RIO DE JANEIRO/ NEW YORK, Oct 28- A ttempts to save Eike Batista's flagship oil company, the business most responsible for the meltdown of his once high-flying industrial empire, have been hampered by internal conflict and unpredictable decisions by the Brazilian tycoon, sources with direct knowledge of the situation told Reuters.
Traffic to Barajas airport has dropped as Spain's economic crisis cut domestic tourism and business travel. Investment bank Lazard and Spain's N +1 brokerage are helping with a search for investors for a public launch of at least 49 percent of Aena, which operates 46 Spanish airports and London's Luton, and has stakes in 14 Latin American airports.
*Third-qtr adj profit $0.46/ shr vs est $0.36. Oct 24- Investment bank Lazard Ltd reported a better-than-expected 81 percent jump in quarterly profit due mainly to higher revenue in its asset management unit, which now accounts from more than half of its business.
Oct 24- Investment bank Lazard Ltd reported an 81 percent rise in quarterly profit, driven by higher revenue from asset management and financial advisory businesses. Net income attributable to common shareholders rose to $60.3 million, or 45 cents per share, in the third quarter from $33 million, or 26 cents per share, a year earlier.
SAO PAULO, Oct 18- OGX Petróleo e Gas Participações SA, the ailing Brazilian oil producer controlled by tycoon Eike Batista, said on Friday it is in talks with potential investors for merger options that could include a capital injection.
*Offer would top agreed Saputo offer, earlier Bega bid. SYDNEY, Oct 18- Warrnambool Cheese and Butter Factory Company Holdings Ltd's second-largest shareholder launched a A $420 million bid for the Australian dairy company, trumping two previous offers and fanning speculation it could command an even higher price.
SAO PAULO, Oct 4- OGX Petróleo e Gas Participações SA, the Brazilian energy producer with the worst-performing corporate bonds in emerging markets this year, said late Thursday it was considering all measures to protect assets and stay in business.
SAO PAULO, Oct 4- OGX Petróleo e Gas Participações SA, the Brazilian energy producer with the worst-performing corporate bonds in emerging markets this year, said late on Thursday it was considering all measures to protect assets and stay in business.
*Pimco, BlackRock among bondholders that face losses. SAO PAULO, Oct 1- OGX Petróleo e Gas Participações SA missed a $45 million bond interest payment due on Tuesday, putting the debt-laden company closer to what could be the largest-ever Latin American corporate default.
SAO PAULO, Oct 1- OGX Petróleo e Gas Participações SA missed a $45 million bond interest payment due on Tuesday, moving the debt-laden Brazilian oil producer closer to what could be the largest-ever Latin American corporate debt default.