Crude oil prices will remain in the $45-$50-a-barrel range till mid-2017, with little to change the global supply and demand situation, Goldman Sachs said. » Read More
Oct 1- BMC Software Inc is looking to sell itself and has retained Bank of America Merrill Lynch to help find a buyer, the Wall Street Journal reported Monday. Bankers have approached potential suitors including software companies and large private-equity firms to see if they are interested in buying BMC or a part of it, the Journal said, citing sources.
Oct 1- Washington Post Co said it would acquire a majority stake in privately held Celtic Healthcare Inc, branching even further away from its newspaper roots.
**CERADYNE INC, $34.92, up 42.9 pct** 3 M, $93.51, up 1.17 pct. 3 M said it will acquire the ceramic component maker for about $847 million. The offer of $35 per share represents a premium of about 43 percent to Ceradyne's Friday closing.
**CERADYNE INC, $34.92, up 42.9 pct** 3 M, $94.10, up 1.8 pct. 3 M said it will acquire the ceramic component maker for about $847 million. The offer of $35 per share represents a premium of about 43 percent to Ceradyne's Friday closing.
CHICAGO, Oct 1- As global economies from Beijing to Berlin struggle to keep their heads above water, a new wave of stimulus spending is under way.
Oct 1- Tenet Healthcare Corp unveiled plans to accelerate growth through acquisitions and moved to boost shareholder value with buybacks and a reverse stock split. Shares of the hospital operator rose as much as 8 percent to $6.74 in early trading on the New York Stock Exchange on Monday.
Oct 1- Syncrude Canada Ltd, a Canadian oil sands company that counts Suncor Energy Inc and Nexen Inc. as partners, will start a project that may extend the life of its Mildred Lake mine in Alberta by about a decade. unit Mocal Energy and Murphy Oil Corp.
*Platinum firm; unrest in South Africa continues By Amanda Cooper. Spot gold was up 0.9 percent on the day at $1,785.80 an ounce at 1445 GMT, having fallen earlier by as much as 0.4 percent to a low of $1,762.94, before a flurry of fund-related buying saw nearly 4.0 million ounces change hands on the futures market in a matter of moments, traders said.
He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa. A top Morgan Stanley broker, Jonathan Madrigano, who last year managed about $2 billion in client assets left the company's brokerage division on Friday to join J.P. Morgan Securities.
LONDON-- Global markets rose Monday as investors cautiously welcomed the result of stress tests of Spain's banks and upbeat U.S. economic data and looked past the threat that Moody's might downgrade the country's debt rating to junk status.
Oct 1- New Oriental Education& Technology Group Inc said its investigation did not find any "significant" evidence to support certain allegations raised by short-seller Muddy Waters.
Oct 1- Sunshine Heart Inc said its flagship device to treat heart failure was approved for trials in the United States, sending its shares up as much as 15 percent. Sunshine Heart plans to start a pivotal trial in North America in the fourth quarter of 2012.. Sunshine Heart shares were up 7 percent at $8.94 on the Nasdaq on Monday.
Oct 1- Generator maker Generac Holdings Inc. Generac's shares rose almost 17 percent to $26.78 on Monday morning. For the third quarter, Generac expects to report earnings of 31 cents to 36 cents per share on sales of $295 to $300 million.
Oct 1- Bombardier Inc, the world's largest train maker, said it won two contracts totaling about 121 million euros for rail networks in Germany and Malaysia. Separately, it said it will also supply five double-deck trains to Deutsche Bahn AG, the German national railway company, for about 50 million euros.
The bank named Tom Willett as head of mergers and acquisitions, Europe. He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa.
WASHINGTON-- U.S. manufacturing grew for the first time in four months, buoyed by a jump in new orders and more jobs. The Institute for Supply Management, a trade group of purchasing managers, said Monday that its index of factory activity rose to 51.5.
**CERADYNE INC, $34.92, up 42.9 pct** 3 M, $93.79, down 1.5 pct. 3 M said it will acquire the ceramic component maker for about $847 million. The offer of $35 per share represents a premium of about 43 percent to Ceradyne's Friday closing.
Oct 1- Commercial silica maker U.S. Silica Holdings Inc named Donald Merril as chief financial officer, replacing William White who will retire on Dec. 31. Merril, who joins Frederick, Maryland- based U.S. Silica as the vice-president of finance effective immediately, served Myers Industries Inc as its CFO from January 2006 to August 2012.
NEW DELHI, Oct 1- Labour unrest forced India's Kingfisher Airlines Ltd to cancel all its flights on Monday in the latest blow for the ailing carrier as it scrambles to find an investor, sending its stock down by its maximum daily limit.
TOKYO-- The fast aging of Japanese society is evident as soon as one lands at Tokyo's Narita airport and sees who is doing the cleaning. Having the world's highest percentage of older people is creating unique challenges for Japan, but a report released Monday by the U.N. Population Fund warns that they will not be unique for long.