Private equity firms Kohlberg Kravis Roberts & Co. and Texas Pacific Group plan to include
TXU Corp. (NYSE:TXU) Chief Executive C. John Wilder in their TXU buyout offer, which could total as much as $44 billion, according to a media report on Saturday.
Billionaire real-estate entrepreneur Sam Zell is proposing to participate in a buyout of troubled newspaper publisher and television broadcaster
Tribune Co. (NYSE:TRB), according to a media report on Saturday.
Caremark Rx Inc. (NYSE:CMX) said Saturday it has mailed supplemental disclosures regarding its planned merger with CVS Corp. following a judge's ruling yesterday, and has scheduled a shareholder vote on the deal for March 16.
Dell Inc. (NDAQ:DELL) Chief Executive Michael Dell will be back in the company's earnings fray on March 1, when the newly returned chief executive delivers what is expected to be a negative fourth-quarter report in which sales and revenue are forecast to fall from a year ago.
Sources say
DaimlerChrysler (NYSE:DCX) Chief Executive Dieter Zetsche, right, with CFO Bodo Uebber, hopes to offer a progress report on Chrysler at the German automaker's annual meeting on April 4 in Stuttgart.
Shares in
Lowe's surged on Friday after the home improvement retailer said sales had "bottomed" following the downturn in the US housing market and predicted gradual improvement throughout 2007.
KB Home (NYSE:KBH), the fifth-largest US homebuilder, is under criminal investigation by federal prosecutors over stock-options backdating that led to the resignation of the company's chief executive.
Wendy's International Inc. (NYSE:WEN)said Friday that it will reluctantly close the restaurant where the nation's third-largest hamburger chain began in 1969 because of sagging sales.
Sirius Satellite Radio Inc. (NDAQ:SIRI) and
XM Satellite Radio Holdings Inc. (NDAQ:XMSR) may forecast slowing subscriber growth when they report earnings next week, a slump that could help build support for their plans to merge with one another.
Sony (NYSE:SNE) Chief Executive Howard Stringer said it wouldn't make sense to break up the company's businesses in a digital age. "I'm certainly not thinking about it," said Stringer in an interview on CNBC's "Power Lunch." "I am finally achieving what I've been trying to get for the last decade."
News video showing about a dozen rats running around a KFC-Taco Bell restaurant in Greenwich Village was widely disseminated Friday on TV stations and the Internet.
Yum Brands (NYSE:YUM) owns both franchises.
Troubles buffeting the U.S. mortgage market could get worse as resurgent crude oil prices squeeze the finances of already hard-pressed borrowers, analysts say, and that could spell more trouble for Wall Street. This would represent further fallout from the subprime mortgage correction that we've been seeing over the past few months.
Univision (NYSE:UVN), the nation's largest Spanish-language broadcaster, has agreed to a
record $24 million fine for failing to meet government rules for
educational children's programming, a Federal Communications Commission
official said Saturday.
In a blunt Feb. 14 memo,
Starbucks (NYSE:SBUX) CEO Mr. Schultz
warned executives that the chain may be commoditizing its brand and
making itself more vulnerable to competition from other coffee shops
and fast-food chains. The nearly 800-word memo questioned whether
Starbucks' automatic espresso machines, new store designs and
elimination of some in-store coffee grinding may have compromised the
"romance and theatre" of a visit.