Is G.E. Too Big For Its Own Good? After six years of stagnation, the pressure is mounting on the chief executive of General Electric to boost shares.... Read Full Article Economic View: The More You Pay, The Better The Care? Think Twice Several new studies suggest that there is no relationship between the amount spent on treating a patient and the quality and outcome of the care.... Read Full Article Lilly Considers $1 Billion Fine To Settle Case The fine would settle a civil and criminal investigation into the company’s marketing of an antipsychotic drug.... Read Full Article Gambling Group Ups Pay Despite Slump In Share Price PartyGaming has awarded more shares and multimillion-pound bonuses to its senior executives, despite the group’s plunging share price, in a move that could irritate institutional shareholders....... Read Full Article SocGen Trader Kerviel Will Not Be Made ’scapegoat’ Jérôme Kerviel, the Société Générale trader who lost almost €5 billion (£3.75 billion), has accused the bank of making him a scapegoat as it emerged he used ... Read Full Article |
World Business Briefing | Americas: Canada: Acquisition By Mining CompanyThe Lundin Mining Corporation, a Canadian mining company operating in Europe, said it had agreed to acquire Rio Narcea Gold Mines for 993 million Canadian dollars ($858 million) to take advantage of record nickel prices. Lundin offered 5 Canadian dollars for each share of Rio Narcea, 3.7 percent higher than its closing price on Tuesday, and 1.03 Canadian dollars per warrant, Colin Benner, the vice chairman of Lundin, said in a conference call. The company plans to increase Rio Narceas nickel and copper operation in southern Spain and might sell its gold mine in Mauritania, it said. Rio Narcea is based in Toronto, and Lundin is based in Vancouver, British Columbia. Tag CloudExternal InformationAdditional InformationOutlook uncertain for interest vote...Even the Insured Feel the Strain of Health Costs... First Offering of a Hedge Fund Is Bid Up 67% on Opening Day... Kraft’s move should ring alarm bells... Where Am I?News Main Page - Business - World Business Briefing | Americas: Canada: Acquisition By Mining Company |
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