Financial News

ROME, Jan 7 (Reuters) - Italy's antitrust on Thursday extended until Feb. 22 a deadline for its probe into whether Intesa Sanpaolo violated the conditions of its 2006 merger, after Credit Agricole missed a deadline to cut its shareholding. France's Agricole, which holds 5.8 percent of Intesa, had been ordered to cut this first to below 5 percent and then below 2 percent, as a conditions fo ...

TURIN, Italy, Jan 7 (Reuters) - A Turin prosecutor asked for convictions on market manipulation charges on Thursday against three top executives of a Fiat holding group, considered right-hand men of former owner Gianni Agnelli. Franzo Grande Stevens, Gianluigi Gabetti and Virgilio Marrone are accused of having purposely delayed key information to the stock market ahead of an equity swap ba ...

Heath Aston, Daily Mail7 January 2010, 8:37am Cadbury shares wilted back to within a whisker of Kraft's takeover offer price as hopes of a knockout bid by the US food conglomerate continued to evaporate yesterday, writes Heath Aston. Melting stock price: Cadbury shares are on the slide OTHER STORIES How to save safely with banks and building societies How we're still paying for banks' collapse How are your savings protected? Billions taken out of building societies B ...

Geoff Foster, Daily Mail7 January 2010, 8:15am What have international insurance groups AIG, QBE, Axa, Allianz, Generali and Zurich Financial Services all got in common? They have all been tipped as being potential buyers of RSA Insurance. Geoff Foster: The Footsie ran into early profit taking OTHER STORIES How to save safely with banks and building societies How we're still paying for banks' collapse How are your savings protected? Billions taken out of building so ...

Reuters7 January 2010, 8:02am The FTSE 100 is seen opening unchanged to down 5 points on Thursday according to financial bookmakers, with investors seen staying on the sidelines ahead of the UK interest rate decision later in the session and always key US non-farm payrolls numbers on Friday. Small steps: Will the Fabulous Footsie keeps limping forward? OTHER STORIES How to save safely with banks and building societies How we're still paying for banks' collapse How are ...

TORONTO, Jan 6 (Reuters) - Toronto's main stock index ended higher for a fifth straight session on Wednesday, backed by a three-week high in the price of gold that lifted producers such as Barrick Gold and Goldcorp. Gold prices topped $1,140 an ounce, lifting Barrick 1.65 percent to C$43.18, while Goldcorp rose 1.47 percent to C$43.38. Energy players were also among the big movers, ...

TORONTO, Jan 6 (Reuters) - Toronto's main stock index ended higher for a fifth straight session on Wednesday, backed by a three-week high in the price of gold that lifted producers such as Barrick Gold and Goldcorp. Gold prices topped $1,140 an ounce, lifting Barrick 1.65 percent to C$43.18, while Goldcorp rose 1.47 percent to C$43.38. Energy players were also among the big movers, helping take  ...

CHICAGO, Jan 6 (Reuters) - Cadbury's board of directors has been actively talking to the boards of Hershey and other potential bidders as it seeks a rival offer to Kraft's hostile takeover bid, a source familiar with the discussions said on Wednesday. Cadbury is seeking not only a higher price than the $16.8 billion (10.5 billion pounds) offered by Kraft, but also a merger partner that wo ...

By Brad Dorfman CHICAGO, Jan 6 (Reuters) - Members of Cadbury Plc's board are talking with counterparts at Hershey Co and other potential bidders as hopes wane for a significantly higher bid from Kraft Foods Inc. Cadbury is not only seeking a higher price than Kraft's $16.8 billion (10.5 billion pounds) hostile offer, but also a merger partner that would let the British chocolatier have ...

Heath Aston, Daily Mail6 January 2010, 7:53am Warren Buffett has knocked Kraft's bid for Cadbury off course with a scathing assessment of the company's approach to a takeover he warned could 'destroy value' for Kraft shareholders if pitched too high. Sage of Omaha: Buffett's Berkshire Hathaway investment group is crucial tom Kraft WANT TO KNOW MORE? Warren Buffett suffers as bets are derailed OTHER STORIES How to save safely with banks and building societies How w ...