Posts Tagged ‘billion’
Magic’s group to buy LA Dodgers for $2 billion
The Dodgers announced an agreement to sell the team to group that includes Magic Johnson. Major League Baseball announced the sale Tuesday night.
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Dubai port firm to repay $3 billion in debt early
Dubai port operator DP World says it will pay off $3 billion of debt months before it becomes due.
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TNT Express agrees to UPS’s new 5.2 billion euro offer
AMSTERDAM (Reuters) – TNT Express has accepted a higher cash offer of 9.5 euro per share from U.S. rival United Parcel Service, which values the Dutch freight and delivery group at 5.2 billion euros ($6.9 billion). TNT said on Monday the executive and supervisory boards of TNT Express unanimously intend to support and recommend UPS’s offer, while its biggest shareholder PostNL also said it supports the deal. In a joint statement on Monday, the firms said UPS’s increased offer was a 53.7 percent premium to TNT Express’ share price on February 16, 2012 of 6. …
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Peugeot offers big discount on $1.3 billion share sale
PARIS/GENEVA (Reuters) – French carmaker PSA Peugeot Citroen offered its shares at a deep discount on Tuesday in a 1 billion euro ($1.3 billion) rights issue to fund an alliance with General Motors aimed at boosting overseas growth and new model development. U.S. automaker GM and Peugeot announced an alliance last week to co-operate on developing new cars with the aim of saving $2 billion annually via pooling purchasing and research and development. The French carmaker hopes the deal will help it step up expansion in lucrative new markets as Europe’s car market struggles. …
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BP settles Gulf oil spill lawsuits for $7.8 billion
BP agreed late Friday to settle lawsuits brought by more than 100,000 fishermen who lost work, cleanup workers who got sick and others who claimed harm from the oil giant’s 2010 Gulf of Mexico disaster, the worst offshore oil spill in the nation’s history.
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GM records its highest profit ever: $7.6 billion (AP)
AP – General Motors earned its biggest profit ever in 2011, but signs are emerging that its momentum could slow.
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Budget deficit drops to $27 billion in January (AP)
AP – The budget deficit fell sharply in January compared to a year earlier, as an improving economy lifts income tax revenue.
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