German Foreign Minister: Don't Let eurozone Debate Turn Nasty
After a weekend of ugly exchanges, Guido Westerwelle warned politicians to rein in the language they use about the debt crisis.
Cognizant Posts Revenue of $1.8B, Raises Full-Year Profit Forecast
The information technology services provider reported its net income rose to $251.9 million as demand for its outsourcing services climbed in the quarter.
Portugal Banks' ECB Borrowing Down 6% in July
The country's banks' borrowing dropped last month after hitting a record high in June as lenders strove to reduce their dependency on ECB funds.
Altria Plans To Buy Back Up to $2 Billion in Debt
Altria Group Inc. (MO) unveiled plans to buy back as much as $2 billion of its long-term debt, as well as plans to issue new debt.
Stocks Rise as Traders Eye Corporate News
Wall Street climbed modestly on Monday as traders parsed through a smattering of corporate news.
Pluristem Soars On Stem-cell Treatment Update
Shares of Israel's Pluristem Therapeutics soared 22% to $4.04 on Monday after the biotech group reported that its placenta-derived stem-cell therapy helped restore bone-marrow function in a 54-year-old patient suffering from lymphoma who had failed to respond to a bone-marrow transplant.
Founder Offers To Buy Rest of Best Buy
Richard Schulze, the founder and former chairman of Best Buy Co. (BBY), offered to buy the remaining shares of the big-box electronics retailer that he doesn't already own in a deal that values the company at up to $8.84 billion.
Best Buy Founder Bids $8.84B to Take Company Private
Best Buy’s former chairman Richard Schulze has offered to take the struggling consumer electronics giant private for $24 to $26 a share.
Spyker Files Lawsuit Against GM Over Saab Automobile
Spyker NV (SPYKR.AE), the owner of Swedish car maker Saab Automobile AB before its financial collapse late last year, Monday said it has filed a $3 billion lawsuit against General Motors Co. (GM) claiming the U.S. car giant drove the Swedish company into bankruptcy.
TNT Express Convinced UPS Deal Will Go Ahead
TNT Express NV (TNTE.AE) Supervisory Board Chairman Antony Burgmans said Monday he is still convinced the European Commission will approve the acquisition of the Dutch package shipper by U.S. rival United Parcel Service Inc. (UPS).