Financial News

Feb 4 (Reuters) - iPCS Inc: SAYS ILLINOIS CIRCUIT COURT SETS DATE FOR SPRINT TO COMPLY IN NEXTEL MERGER litigation SAYS CIRCUIT COURT DISMISSED WITH PREJUDICE SPRINT'S PETITION TO VACATE court's original judgment from 2006 SAYS AMENDS COMPLAINT IN SPRINT/CLEARWIRE LITIGATION ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please  ...

PHILADELPHIA, Feb 4 (Reuters) - Verizon Communications said on Wednesday more than 30 parties have expressed interest in the wireless assets the telephone company must divest as part of its purchase of rural wireless provider Alltel Corp. AT&T is among the bidders, along with other communications companies and private equity firms, a source familiar with the situation said. Th ...

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 16:00GMT 04Feb2009-Biotest drops as M&A speculation vanishes ------------------------------------------------------------ Shares in German pharmaceutical company Biotest fall 4.8 percent after the company says its majority shareholder, OGEL GmbH, has terminated talks regardi ...

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 15:38GMT 04Feb2009-Q-Cells gains; Goldman upgrades to "neutral" --------------------------------------------------------------- Shares in German solar cell producer Q-Cells rise 5.1 percent in Frankfurt's technology index, after Goldman Sachs upgrades the stock to &quo ...

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 16:00GMT 04Feb2009-UK defensives down on soft U.S. outlook ---------------------------------------------------------- Shares in defensive UK stocks fall, bucking the market trend as the FTSE 100 makes a second day of gains, signalling a cautious easing of risk aversion and as re ...

By Steven Scheer JERUSALEM, Feb 4 (Reuters) - Israel's antitrust court has conditionally cleared Bezeq Israel Telecom to merge with its satellite TV unit YES, Bezeq said on Wednesday. Bezeq, Israel's largest phone and telecoms company, owns a non-controlling 50 percent of YES -- the country's digital satellite TV provider -- and had sought to raise its stake further. The antitrus ...

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 15:23GMT 04Feb2009-Crucell shares jump on new Sanofi bid talk ------------------------------------------------------------- Shares in Dutch biotech company Crucell rise more than 6 percent on renewed speculation that French pharma group Sanofi-Aventis could be planning a takeove ...

FRANKFURT, Feb 4 (Reuters) - Germany's BASF said on Wednesday it is considering selling its leather and textile chemicals business or transferring it into a joint venture as part of a wider overhaul. The world's largest chemical company also announced structural changes in anticipation of an April 1 closure of its takeover of Swiss rival Ciba, in which it holds 94 percent. BASF ope ...

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 14:45GMT 04Feb2009-Europe shares extend gains as U.S. rises ----------------------------------------------------------- European shares extend gains as U.S. shares tick higher, with U.S. job losses lower than expected. The FTSEurofirst 300 index of top European shares is up 1.7 ...

JERUSALEM, Feb 4 (Reuters) - Israel's anti-trust court has given permission for Bezeq Israel Telecom to merge with its satellite TV unit YES, Bezeq said on Wednesday. Bezeq, Israel's largest phone and telecoms company, owns 50 percent of YES -- the country's digital satellite TV provider -- and had sought to raise its stake further but the anti-trust commissioner objected, prompting Bezeq  ...