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Filtronic in advanced talks over business sale
6 May 2006 source: yorkshiretoday.co.uk

It is in exclusive talks to sell almost all its current main business, wireless infrastructure, to Powerwave Technologies of the US.The operations being sold – transmit/receive modules and power amplifiers – cut out problems like distortion when base stations transfer signals to mobile phones. Filtronic is keeping its higher frequency point-to-point operation which connects the base stations thems ...


Richmond heads for the final frontier
6 May 2006 source: yorkshiretoday.co.uk

Eric Barkas City EditorTODAY Leeming Bar, tomorrow the continent of Europe.James Lambert's ice cream maker Richmond Foods has been sold to the US private equity firm Oaktree Capital Management in a deal worth around £182m.That the deal has been done is no surprise. On April 6 the Yorkshire Post reported the approach and fingered Oaktree as the suitor. The news is in what happens next.Mr Lambert ha ...


ASIA MARKETS: CORRECT: Australia, Taiwan Advance; Many Markets Closed -2| ...
6 May 2006 source: morningstar.com

(This corrects an earlier version to indicate elections are taking place in Singapore, and not Malaysia, on Saturday.) Asian markets closed broadly higher in limited trading Friday, with much of the region shuttered for holidays. Shares in Australia advanced on gains in commodity prices, while Taiwan touched a new half-decade high on continuing strong fund flows. Markets in Japan, Chin ...


UPDATE: Berkshire Quarterly Profit Surges 70%
5 May 2006 source: morningstar.com

SAN FRANCISCO (Dow Jones) -- Berkshire Hathaway Inc. said late Friday that first-quarter net income surged 70% as the insurance-focused conglomerate benefited from a lack of large catastrophes in the period. Net income came in at $2.31 billion, or $1,501 share, up from $1.36 billion or $886 a share in the same period last year. Revenue came in at $22.76 billion, up 29% from $17.63 billion last  ...


SILICON STOCKS: Broad Gains Lift Tech Sector At Close
5 May 2006 source: morningstar.com

Technology stocks largely closed with gains Friday amid a broad-market reaction to the nation's latest jobs data. The tech-heavy Nasdaq Composite Index (RIXF) rose almost 19 points to close at 2,342, while the Philadelphia Semiconductor Index (SOX) added 2 points and the Amex Computer Technology Index (XCI) also gained ground. A weaker-than-expected jobs report added to investor sentiment th ...


COMMODITIES CORNER: Driven By Uncertainty, Gold Makes Its Move ...
5 May 2006 source: morningstar.com

SAN FRANCISCO (Dow Jones) -- Gold's a substitute no more. Sometimes known as an alternative currency, the precious metal has traditionally offered a means through which investors can offset financial losses or potential losses or hedge against inflation. With the dollar recently trading at a one-year low against the euro and a seven-month low against Japan's yen and experts betting on furthe ...


UPDATE: Blair Reshuffles U.K. Cabinet After Local Election Losses ...
5 May 2006 source: morningstar.com

LONDON (Dow Jones) -- U.K. Prime Minister and Labour leader Tony Blair on Friday announced the most comprehensive reshuffle of his cabinet to date as he sought to regain the initiative after his party took a hammering in English local elections. Chief among the cabinet members to be stripped of duty was Home Secretary Charles Clarke. He was axed after failing to overcome days of negative headli ...


UPDATE: Legal Settlement, Results Boost Medco Health Shares
5 May 2006 source: morningstar.com

BOSTON (Dow Jones) -- Medco Health Solutions made notable gains Friday, moving up after the prescription-drug benefits manager reported first-quarter financial results and said it's reached a settlement with the U.S. government over a long- standing investigation. Shares of Medco moved up nearly 6% at their best levels of the session. Early Friday, Franklin Lakes, N.J.-based Medco (MHS) post ...


UPDATE: Education Arm Boosts Washington Post Profit
5 May 2006 source: morningstar.com

NEW YORK (Dow Jones) - Washington Post Co. (WPO) on Friday posted a more than 15% rise in first-quarter profit, helped by growth in its education and online publishing divisions, as circulation declined at its namesake newspaper. The company, which publishes Newsweek magazine and The Washington Post said first-quarter net income rose to $76.9 million, or $7.95 a share, from $66.6 million, or $6 ...


UPDATE: Four Seasons Boosts Income, Sales
5 May 2006 source: morningstar.com

LOS ANGELES (Dow Jones) -- Four Seasons Hotels Inc. shares jumped more than 10% at one point Friday morning after the company reported double-digit gains in revenue per available room and beat forecasts on first-quarter earnings and sales. Four Seasons (FS) was up more than 9% in recent action after the company said room revenue jumped 11.7% worldwide during the quarter and 12.6% at its domesti ...


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