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Monday, October 6, 2014

Business Today: Hewlett-Packard to split into two public companies

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Hewlett-Packard to split into two public companies
(Reuters) - Hewlett-Packard Co said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations.
Small biotech stocks plummet in premarket
NEW YORK (Reuters) - Sunesis Pharmaceuticals and Alcobra Ltd were both sharply lower in premarket trading on Monday, with both names tumbling on heavy volume after reporting the results of late-stage drug trials.
Strong U.S. jobs lift European stocks, dollar rally pauses
LONDON (Reuters) - European equities advanced while the dollar paused after a sharp rally last week as forecast-beating U.S. jobs data eased concerns about global economic growth.
Walt Disney rescues Euro Disney with $1.3 billion funding deal
LONDON/PARIS (Reuters) - Walt Disney Co has come to the rescue of its loss-making subsidiary Euro Disney with a 1 billion-euro ($1.3 billion) funding deal announced on Monday, which could give the U.S. group total control over Europe's biggest tourist attraction.
Japan listings get bullish sign as Recruit sets IPO price
TOKYO (Reuters) - Japan's largest recruitment company Recruit Holdings Co Ltd priced its $2 billion initial public offering at 3,100 yen, the top of its bookbuilding range, raising expectations of strong demand that could break a run of flops among big Tokyo listings.
Exclusive: Herbalife hires former U.S. regulator to head compliance team
WASHINGTON (Reuters) - Herbalife Ltd, the marketer of weight-management products, energy drinks and nutrition supplements that has come under investigation by the Federal Trade Commission as well as other agencies, has hired a former FTC official as its chief compliance officer.
In digital push, Bertelsmann buys rest of G+J
FRANKFURT (Reuters) - Bertelsmann is taking full ownership of Gruner + Jahr, publisher of magazines including Stern and Brigitte, as Europe's largest media group looks to make up ground after being slow to expand online.
Britain's Virgin Atlantic scraps domestic short-haul service
LONDON (Reuters) - Britain's Virgin Atlantic said its domestic short-haul unit, Little Red, would cease operations in 2015, just over two years after it was launched.
Exclusive: Iberdrola hires JPMorgan for asset sales to fund U.S. buy
MADRID/FRANKFURT (Reuters) - Spanish power firm Iberdrola has hired JPMorgan Chase & Co to sell some foreign renewable assets which could raise up to 2 billion euros to help fund an acquisition in the fast-growing U.S. market, three sources with knowledge of the matter said.
Bill Gross told rival Gundlach: 'I am Kobe, you are LeBron'
NEW YORK (Reuters) - It was one of the most extraordinary meetings in the history of the bond market. Two of the biggest-ever names in fixed-income investing, Bill Gross and Jeffrey Gundlach, fierce rivals who had never previously talked, held a secret meeting over glasses of lemonade, water, and plates of crudites about whether to join forces.
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