Sara Lee Finalizes Hanesbrands Spin-off.
FOOD AND BEVERAGE CLOSE-UP-6 September 2006-Sara Lee Finalizes Hanesbrands Spin-off(C)2006 - CloseUpMedia - newsdesk@closeupmedia.com Sara Lee Corporation announced that it has completed the tax-free spin-off to its shareholders of Hanesbrands Inc. After the close of business on Monday, the company will distribute 100 percent of...

Pipe maker approves buyback of its stock.
Byline: Ilene Aleshire The Register-Guard Eugene-based PW Eagle has joined a growing number of U.S. companies looking to buy back their own stock. The company, one of the nation's largest makers of plastic pipe, has authorized a repurchase of up to $40 million worth of...

Phelps Dodge forges blockbuster 3-way $ 40-B mining takeover deal.
NEW YORK, June 26 (AFP) -- US mining giant Phelps Dodge announced Monday a mega-takeover deal to buy Canadian rivals Inco and Falconbridge for about $ 40 billion, forging the world's largest nickel company and the largest listed copper producer. The cash-and-stock deal comes as red-hot commodities...

AEV approves secondary public offer; to pay 0.12 cash dividend.
The Aboitiz Equity Ventures (AEV) Board of Directors yesterday approved a secondary public offering of approximately 890 million common shares which, after the offer, will represent 15.6 percent of AEVs outstanding stock. The offering, to be made within the year, will involve shares held in treasury as well as...

Paul Nisbet and Peter Arment of JSA Research believe that the period of growth through acquisitions has ended at Northrop Grumman with the arrival of Ron Sugar as chairman and CEO.
Paul Nisbet and Peter Arment of JSA Research believe that the period of growth through acquisitions has ended at Northrop Grumman with the arrival of Ron Sugar as chairman and CEO. A new stock buyback programme has been put in place, and they expect future EPS growth to be...

Phelps Dodge forges blockbuster 3-way $ 40-B mining takeover deal.
NEW YORK, June 26 (AFP) -- US mining giant Phelps Dodge announced Monday a mega-takeover deal to buy Canadian rivals Inco and Falconbridge for about $ 40 billion, forging the world's largest nickel company and the largest listed copper producer. The cash-and-stock deal comes as red-hot commodities...

NEWS IN BRIEF; P/$ rate closes at P54.03 to $1.
The peso rate closed lower at R54.030 to the US dollar at the Philippine Dealing System of the Bankers Association of the Philippines yesterday from P53.960 the previous day. The weighted average rate depreciated to P53.988 from P53.976. Total volume amounted to $256.30 million. IPR anti-piracy drive...

NEWS IN BRIEF; P/$ rate closed at P51.04 to $1.
The peso rate closed at P51.04 to the US dollar last Friday at the Philippine Dealing System of the Bankers Association of the Philippines. The weighted average rate stands at P51.066. Smart launches intal e-loading Smart Comunications has just launched its international e-loading in Guam...

Vodafone sells Japan unit to Softbank for $ 11.9 B.
TOKYO/LONDON, Mar. 18 (Reuters) a" Vodafone Group has agreed to sell its stake in its struggling Japanese unit to Softbank Corp. for 6.8 billion pounds ($ 11.87 billion) in cash. The deal announced on Friday values Vodafone Japan at around 1.8 trillion yen ($ 15.30 billion) including...

BSP okays Brady bond.
The seven-man Monetary Board, Bangko Sentral ng Pilipinasa policymaking arm, has approved the buyback of the outstanding $ 774- million Brady bonds but in tranches. Monetary officials said to cushion the impact on the countryas gross international reserves, the bondsa repurchase will only be partial, which will...