Bloomberg Anywhere Bloomberg Professional About Bloomberg


Industries



Retail


Cadbury Rises to Record; Nestle Mulls Bid, Reuters Says Kraft May Bid More Cadbury Plc rose to a record in London trading after Nestle SA was said to weigh a takeover, the Wall Street Journal said Hershey Co.’s controlling trust wants the U.S. company to make an offer, and Reuters reported that Kraft Foods Inc. may raise its bid.

Hershey's Debt Risk Rises on Speculation Company May Make Cadbury Bid The cost to protect against a default by Hershey Co. approached a record high on speculation that the maker of Reese’s Peanut Butter Cups will outbid Kraft Foods Inc. for Cadbury Plc and trigger a debt-rating downgrade.

MORE 

Energy


Oil Advances as Dollar Weakens to Euro, Iranian Conducts Military Exercise Crude oil rose as a weaker dollar heightened the appeal of commodities to investors and an Iranian military exercise bolstered concern that Middle Eastern supplies may be disrupted.

Reliance Urged to Pay Less Than $12 Billion for LyondellBasell Industries Reliance Industries Ltd.’s bid for bankrupt chemicals and fuels maker LyondellBasell Industries AF will be “positive” if India’s largest company pays less than $12 billion, brokerage CLSA Asia-Pacific Markets said.

MORE 

Finance


Bank of America May Name Stopgap CEO to Allow Board More Time for Search Bank of America Corp.’s board may extend its search for a permanent new chief executive officer into 2010 if directors can’t settle on a candidate in the next three days, according to people familiar with the matter.

Morgan Stanley Names Ex-Merrill Manager Moffitt to Securitization Business Morgan Stanley, preparing for a resurgence in securitized debt sales, hired former Merrill Lynch & Co. executive David Moffitt to lead the effort within the firm’s capital markets division.

MORE 

Health Care


King Pharmaceuticals May Climb as Battered Drug Firms Lure Private Equity King Pharmaceuticals Inc., LifePoint Hospitals Inc. and Endo Pharmaceuticals Holdings Inc. may be buyout targets as private-equity firms seek companies battered by the economy and poised to gain from the U.S. health overhaul.

Glaxo Pulls Swine Flu Vaccine Batch in Canada to Probe Allergic Reaction Canadian doctors should hold off on using a batch of GlaxoSmithKline Plc’s swine flu vaccine while the company probes reports of higher-than-expected occurrences of a side effect known as anaphylaxis, a spokeswoman for the U.K. drugmaker said today.

MORE 

Insurance


Democrats Show Signs of Disunity on Health Care as Debate Looms in Senate Democrats who united last week to bring a sweeping health-care plan to the U.S. Senate floor still need to settle disagreements in their own ranks to pass President Barack Obama’s top domestic initiative.

Pertamina May Sell Stakes in Insurance, Drilling Units in IPO Next Year PT Pertamina may list some units on the Indonesian stock exchange next year ahead of a plan to offer to the public a stake in the state oil company, Chief Financial Officer Ferederick Siahaan said.

MORE 

Real Estate


Existing Home Sales in U.S. Climbed 10.1% Last Month to 6.1 Million Rate Sales of existing U.S. homes jumped 10 percent in October to the highest level since February 2007 as Americans rushed to take advantage of a tax credit, cheaper properties and lower mortgage rates.

New York to Sell $351 Million Bonds as Moody's Urges Lasting Deficit Plan New York seeks bank bids today for $351.3 million of bonds after Moody’s Investors Service said the state’s credit rating may fall if spending cuts aren’t part of plans to close a $3.2 billion budget deficit.

MORE 

Technology


Oracle Purchase of Sun May Be Blocked by Europe Regulator, Document Says Oracle Corp.’s planned $7.4 billion purchase of Sun Microsystems Inc. may be blocked by European Union regulators because of concerns that Oracle might be able to eliminate Sun’s MySQL database product as a competitor, according to an EU document.

Palm Director Dutta Said to Join Elevation Partners, Will Help Raise Fund Palm Inc. director and former EBay Inc. executive Rajiv Dutta is joining Elevation Partners LP and will help the private equity firm raise money for a second fund, according to a person familiar with the decision.

MORE 

Transportation


MAN SE Chief Samuelsson Leaves Truckmaker; Pachta-Reyhofen Is Interim CEO MAN SE Chief Executive Officer Hakan Samuelsson will step down with immediate effect, leaving Europe’s third-largest truckmaker after nine years.

Qantas to Spend $4 Billion Over 2 Years Renewing Fleet, Boosting Margins Qantas Airways Ltd., Australia’s largest airline, will spend A$4.4 billion ($4 billion) over the next two years as it purchases new aircraft and embarks on a campaign to shore up margins.

MORE 

Sponsored links

 INDUSTRIAL
  PRICE%CHANGE
SPDR-INDU SELECT27.86 1.46
ISHARES-DJ INDUS52.75 1.48
VANGUARD IND ETF51.65 1.53
ISHARES-DJ A & D49.31 1.84
POWERSH-AERO&DEF16.74 1.52
 MATERIALS
  PRICE%CHANGE
MKT VECT-GOLD MI51.72 1.77
SPDR-MATERIALS32.78 1.05
ISHARES-DJ BSC M59.30 0.73
SPDR MET & MIN49.20 0.80
VANGUARD MATER E67.51 0.99