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Owens-Illinois Inc

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  • Macy's and Orexigen are big market movers Wednesday, 13 May 2015 | 4:33 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Macy's Inc., down $1.60 to $63.73. Pall Corp., up $5.27 to $123.89.

  • US stocks end mostly lower after a day of meandering Wednesday, 13 May 2015 | 4:09 PM ET

    Owens-Illinois jumped 9 percent after saying it would buy a glass container business from the Mexican company Vitro. DuPont sank 7 percent after billionaire investor Nelson Peltz's Trian Fund lost a proxy fight against the chemical maker. Crude oil declined 25 cents to $60.50 a barrel in New York.

  • *Macy's, Ralph Lauren down after results. *Tech stocks rise, with Microsoft leading gains. May 13- Wall Street pared early gains in choppy trading as tepid economic data and a renewed selloff in the bond market more than offset a flurry of corporate deals on Wednesday.

  • US stock indexes are little changed in midday trading Wednesday, 13 May 2015 | 12:01 PM ET

    Owens-Illinois, which makes beer and wine bottles, jumped 10 percent after saying it would buy a glass container business from the Mexican company Vitro. DuPont sank 6 percent after billionaire investor Nelson Peltz's Trian Fund lost a proxy fight against the chemical maker. Crude oil rose 22 cents to $60.97 a barrel in New York.

  • May 13- Owens-Illinois Inc, which makes bottles for Corona and Pepsi, is to buy Mexico's Vitro SAB's glass container business for about $2.15 billion to strengthen its operations in a country that houses numerous distilleries and bottlers. Mexico houses operations for Diageo, Heineken, Corona maker Constellation Brands Inc as well as bottling operations for...

  • US STOCKS-Wall St opens higher after two days of losses Wednesday, 13 May 2015 | 10:23 AM ET

    *Macy's, Ralph Lauren down after results. May 13- U.S. stocks opened higher on Wednesday as data suggested that the economy was not rebounding strongly enough for the Federal Reserve to raise interest rates before September. "The data puts into question the Fed's notion that the weak first-quarter data was transitory," said Adam Sarhan, chief executive of Sarhan...

  • US stocks moves slightly higher in early trading Wednesday, 13 May 2015 | 9:41 AM ET

    Owens-Illinois, which makes beer and wine bottles, jumped 10 percent after saying it would buy a glass container business from the Mexican company Vitro. DuPont sank 5 percent after billionaire investor Nelson Peltz's Trian Fund lost a proxy fight against the chemical maker. Crude oil rose 62 cents to $61.37 a barrel in New York.

  • US STOCKS-Wall St set to open mixed on tepid data Wednesday, 13 May 2015 | 9:14 AM ET

    *Macy's, Ralph Lauren down after results. May 13- U.S. stock index futures pointed to a mixed open on Wednesday after data showed that the U.S. economy was struggling to make a strong rebound after meager first-quarter growth. "The data puts into question the Fed's notion that the weak first-quarter data was transitory," said Adam Sarhan, chief executive of Sarhan...

  • Owens-Illinois to spend $2.15B buying Vitro businesses Wednesday, 13 May 2015 | 7:55 AM ET

    Beer and wine bottle maker Owens-Illinois will pay about $2.15 billion to buy the food and beverage glass container business of the Mexican company Vitro. Owens-Illinois Inc. said Wednesday that the all-cash deal will bolster its stake in Mexico's packaging market and start helping its earnings by the first year after it closes. Owens-Illinois said Vitro...

  • US STOCKS-Futures rise ahead of retail data Wednesday, 13 May 2015 | 7:33 AM ET

    The data will be released at 8:30 a.m. ET. *Shares of pipeline company Williams Partners LP jumped 14 percent to $54 in premarket trading after Williams Cos said it would buy its affiliate for about $13.8 billion. *Owens-Illinois rose 2.7 percent to $24.44 after the glass container maker said it would buy the food and beverage glass container business of...

  • May 13- Owens-Illinois Inc, which makes bottles for Corona and Pepsi, said it would buy Mexico's Vitro SAB's food and beverage glass container business for about $2.15 billion, as it looks to expand in Latin America. The company's other large customers include Anheuser-Busch InBev, Diageo, Heineken, Nestle and SABMiller. Deutsche Bank served is O-I's financial...

  • May 13- Glass container maker Owens-Illinois Inc said it would buy Mexican glass maker Vitro SAB de CV's food and beverage glass container business for about $2.15 billion. The all-cash deal is expected to add to cash flow and earnings per share in the first year after closing, Owens said. The company said it expects to realize about $30 million in run-rate cost...

  • Asian stocks drift after lackluster US retail sales data Wednesday, 13 May 2015 | 2:28 AM ET

    In addition to corporate deals and earnings news, traders had their eye on the Commerce Department's latest monthly snapshot of retail sales. The report, a bellwether for consumer spending, showed retail sales were essentially flat in April, falling short of Wall Street's forecasts. "The retail sales numbers were really crucial in terms of assessing whether or...

  • Why the S&P could break out this week Monday, 27 Apr 2015 | 7:12 AM ET
    Traders work on the floor of the New York Stock Exchange.

    As the Fed meets and earnings news rains down, the big question in the week ahead is whether the S&P 500 can manage a break out.

  • Bulls sniffing out an S&P breakout Monday, 27 Apr 2015 | 6:00 AM ET
    Traders work on the floor of the New York Stock Exchange.

    As the Fed meets and earnings news rains down, the big question in the week ahead is whether the S&P 500 can manage a break out.

  • These CEOs get richer as investors get poorer Friday, 17 Apr 2015 | 10:54 AM ET
    Discovery Communications President and CEO David Zaslav.

    There are 11 CEOs who received raises last year while shares of their companies were among the worst performers. USA Today reports.

  • April 9- Alcoholic beverage maker Constellation Brands Inc forecast a profit for the fiscal year ending February that was largely in line with analysts' estimates and said it would spend more than $1 billion this year to expand its beer business. The company said it would spend about $1.05- $1.15 billion on its beer business, primarily to expand capacity in its...

  • CARACAS, March 19- Venezuela will seek to reduce a $46 million compensation claim it has been ordered to pay to oil service company Tidewater in a case stemming from the 2009 seizure of vessels, its oil minister said in an interview published on Thursday. The lawyer representing Venezuela said the award was significantly lower than what Tidewater had claimed...

  • CARACAS, March 15- A World Bank tribunal has ordered Venezuela to pay oil service company Tidewater around $46 million in compensation for seized vessels, in a decision the South American country hailed as a victory. "The much higher amounts claimed were rejected because the tribunal found that the nationalization was lawful," lawyer George Kahale, who...

  • CARACAS, March 13- Venezuela said on Friday it has started the process of filing for the annulment of an award that orders the South American country to pay U.S. bottle maker Owens-Illinois $455 million in compensation for nationalizations. Seeking an annulment will automatically stay the award, Venezuela added, buying the cash-strapped OPEC nation time as it...