Global Crossing Raises $404M
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Global Crossing (Nasdaq: GLBC - News) announced today the completion of a debt financing by the company's wholly owned subsidiary, Global Crossing (UK) Finance Plc ("GCUK Finance"). The approximately $404 ...
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Diageo Plc, the world&#39;s biggest liquor company, raised $2.26 billion by selling 49.9 million shares of General Mills Inc., the No.
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Dubai is paying $1.15 billion for the  global port assets of U.S.-based CSX Corp., outbidding the  world's two biggest container port operators to gain a foothold  in Hong Kong and access to booming China.
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The Securities and Exchange Commission has rejected a staff recommendation to bring civil charges against former Global Crossing Ltd. chairman Gary Winnick, his lawyer said Monday.
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The four networks have been bought by consortia which include Scottish &amp; Southern Energy and United Utilities. Transco said that it would return about Â£2bn to shareholders following the sale and would increase its dividend for the current year by 20%.
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YESTERDAY Close $75.73 Change +$2.22 52-WEEK High $76.90 Low $58.71 Genzyme Corp. of Cambridge said profit jumped tenfold as sales increased for its medicines for rare genetic disorders, some of the world's costliest drugs. The company gained 3 percent in New York trading.
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Global Crossing Ltd. shares plummeted Monday after the once bankrupt telecommunications company announced it will cut about 600 jobs and scale down operations to free enough cash to stay fiscally afloat.
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No 2. U.S. book retailer Borders  Group Inc. BGP.N on Tuesday posted a quarterly loss versus a  year-ago profit, hurt by sluggish store traffic and a slowdown  in sales of bestsellers.
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The restaurant giant posted a quarterly net loss of $711.7 million after taking a big charge for the sale of its outlets in Latin America.
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Insurer Tower is going ahead with a plan to spin off its Australian money management business, raising A$130 million ($143 million) for acquisitions in the transtasman life and general insurance markets.
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WPP's WPP.L $1.31 billion acquisition  of U.S.-based Grey Global takes it to the top of the  advertising sector and puts the spotlight on France's Havas  EURC.PA, which failed in its bid and may now become a  takeover target itself.
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Telecommunications network vendor Global Crossing cut its workforce by 600 workers, or about 15% of its global employees, as it continues to right itself about a year after emerging from bankruptcy.
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GLG Partners will go public in the United States through a $3.4 billion merger with an investment company, according to people briefed on the transaction.
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LONDON (CBS.MW) -- GenCorp (GY) said it has rejected an unsolicited takeover approach from Steel Partners II LP that was valued at $772 million, saying the offer was inadequate.
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Shares of Global Crossing Ltd.  GLBCE.O fell as much as 25 percent on Monday on concerns it  could face a second bankruptcy after it said it is cutting 600  jobs as it negotiates with lenders for much-needed financing.
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Diageo Plc, the world's biggest  alcoholic drinks group, reported a 10 percent rise in  underlying earnings on Thursday but its shares fell on dashed  hopes that the group might raise current year targets.
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The Securities and Exchange Commission has rejected a staff recommendation to bring civil charges against former Global Crossing Ltd.