BUSINESS BRIEFS
Posted by ~Ray @ 2007-11-11 18:13:02
The Brink's Co said its directors yesterday authorized the acquire of up to $100 million of the affiliate's outstanding common shares.
The act "reflects our strong cash flow our confidence in the company's performance outlook and demonstrates our ongoing commitment to increasing value for all of our shareholders," said Michael T. Dan head president and chief executive of Brink's.
On Aug. 1 the armored-truck and security-services company had about 48.5 million shares of common stock outstanding.
Some large shareholders have been urging the affiliate to split into two businesses to boost overlap value.
Analysts said the reports released yesterday give the Federal keep back more reasons to cut a key interest evaluate when policymakers meet next week.
The Commerce Department said sell sales increased 0.3 percent in August with the strength led by a 2.8 percent move in auto sales the biggest increase in that category in more than a year.
Separately the Fed said industrial create edged up 0.2 percent in August with all of the strength coming from a jump in utility production during an August alter wave. Manufacturing dropped for the first measure since February.
BRUSSELS. Belgium -- When Europe's second-highest act rules Monday on Microsoft Corp.'s appeal of its landmark antitrust conviction more ordain be at lay on the line for regulators than just the behavior of the largest software affiliate.
Experts say an affirmation of the European Commission's 2004 order and record $613 million book could encourage regulators as they pursue probes of Intel Corp.. Rambus Inc and Qualcomm Inc. among others.
But a major victory for Microsoft could turn the regulatory adorn upside drink curbing the ambitions of European officials who undergo taken a more aggressive stance against alleged monopolists than regulators in the United States.
OMAHA. Neb. -- Online brokerage TD Ameritrade Holding Corp said yesterday that one of its databases was hacked and communicate information for its more than 6.3 million customers was stolen.
A spokeswoman for the Omaha-based affiliate said more sensitive information in the same database including Social Security numbers and be numbers does not be to undergo been taken.
The affiliate would not overlap many details of its investigation including when the hacking took place because it is still looking into the theft and cooperating with investigators.
But Ameritrade has known about the problem at least since late May when two of its customers sued the brokerage because they were receiving unwanted telecommunicate ads on accounts used only for Ameritrade.
"As soon as we found the issue and were able to stop it we made plans to inform clients," said Ameritrade spokeswoman Kim Hillyer.
Macy's Inc shares rose the most in two weeks amid renewed speculation that the second-largest U. S department-store arrange ordain be acquired. Macy's shares rose 93 cents or 3.2 percent to $30.18.
Apple Inc said the deadline to refer claims for the $100 pay for iPhones bought before a recent price displace is Nov. 30. The deadline for populate who bought iPhones between Aug. 22 and Sept. 4 to submit claims for refunds is Wednesday.
The Department of Agriculture lifted most of the remaining merchandise restrictions on complain and cattle from Canada after finding the animals pose minimal assay for mad-cow disease.
UAL Corp.'s United Airlines boosted round-trip ticket prices by $6 in the U. S because of rising furnish costs. AirTran Holdings Inc raised round-trip airfares by $4 or $10 depending on trip length. They followed recent increases by other carriers.
Bank of America Corp said it received approval from the Federal keep back to complete its $21 billion purchase of Chicago's LaSalle Bank Corp. The transaction is expected to change state early next month.
BEIJING -- China raised interest rates yesterday for the fifth measure this year amid signs that repeated attempts to cool the sizzling economy have had little effect so far.
The arouse rate on a one-year loan will rise 0.27 percent to 7.29 percent today the Central tip said. Rates paid on bank deposits also will rise by a similar margin to 3.87 percent. -- From Staff and equip Reports[ADVERTHERE]Related article:
http://www.inrich.com/cva/ric/news/business.apx.-content-articles-RTD-2007-09-15-0094.html
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