AT&T to Buy Nextel Mexico
AT&T reached a deal with NII Holdings to buy Nextel Mexico
for about $1.88 billion, the telecom giant's latest big step into
the Mexican market.
Google, Cablevision Challenge Wireless Business Model
Google and Cablevision Systems are preparing new cellphone
services that would turn the wireless industry's business model on
its head, increasing pressure on companies already dealing with an
intensifying price war.
Citizens Financial Earnings Rise on Strength in Loans
Citizens Financial reported a 30% increase in profit to $197
million as strength in retail and commercial loans pushed up net
interest income for the regional lender. Revenue edged up slightly
to $1.18 billion. Results beat expectations.
Post to Acquire MOM Brands in $1.15B Deal
Post Holdings has agreed to buy privately-held MOM Brands for
$1.15 billion in a deal that will add Berry Colossal Crunch and
Frosted Mini Spooners to Post's trove of cereal brands.
IAG Moves a Step Closer to Buying Aer Lingus
British Airways parent International Consolidated Airlines Group
is a step closer to taking over Aer Lingus after the Irish carrier
said its board is considering a sweetened takeover offer from its
bigger rival.
AXIS Capital and PartnerRe to Merge
Axis Capital Holdings and PartnerRe said Sunday they have agreed
to merge and form one of the world's biggest reinsurance and
specialist insurance companies, a firm with a combined market value
of $11 billion.
D.R. Horton Results Top Expectations
D.R. Horton's fiscal 1Q profit rose a better-than-expected 16%
as its sales pace accelerates. D.R. Horton earned $142.5 million,
or 39c a share. Home-building revenue climbed 38% to $2.25 billion.
Shares up 4% premarket.