 | Hello |  |  | VF Corp, owner of clothing brands such as The North Face and Wrangler jeans, said it would buy Timberland for $2 billion. The deal values the shoemaker at $43 a share, a 43 percent premium to Friday's closing price of $29.99 on the New York Stock Exchange.
For many potential investors Russia is synonymous with corruption, weak rule of law and political risk, its reputation hurt by events such as the jailing of oil tycoon Mikhail Khodorkovsky. Vladimir Putin is trying to turn that image around by telling investors to invest in Russia, and have Russia invest in you.
Maple Group launched a $3.8 billion hostile bid for Toronto Stock Exchange operator TMX Group, an all-Canadian challenge to the London Stock Exchange's agreed bid.
HSBC Holdings will run down its $33 billion U.S. credit card business if it cannot find a buyer, the bank's chief executive said, part of efforts to slash costs and cut back on retail banking.
President Obama is trying to give his campaign coffers a bump by schmoozing Wall Street executives, the NYT's reports. | | | Insight: Got money? The Kremlin can help | | June 13, 2011 08:38 AM ET | | MOSCOW (Reuters) - On an overcast day in May, a clutch of the world's most powerful investors gathered in a 19th-century mansion in Moscow to hear a proposition from Vladimir Putin: invest in Russia, and we will invest with you. | Full Article | | Hopes of Glencore takeover boost ENRC shares | | June 13, 2011 09:02 AM ET | | LONDON (Reuters) - Shares in Kazakh miner ENRC jumped almost 8 percent on Monday after a newspaper report that commodities trader Glencore was considering a 12 billion pound ($19.5 billion) takeover bid. | Full Article | | Honeywell to buy EMS Tech for $491 million cash | | June 13, 2011 09:47 AM ET | | NEW YORK (Reuters) - Diversified U.S. manufacturer Honeywell International Inc is buying EMS Technologies Inc for about $491 million cash to boost its presence in the mobile and satellite communications market. | Full Article | | | TOP NEWS
| | "Meaningful probability" of a China hard landing: Roubini | | June 13, 2011 09:31 AM ET | | SINGAPORE (Reuters) - China faces a "meaningful probability" of a hard economic landing and the euro zone is storing up problems for the future by not tackling the debt crisis head on, said Nouriel Roubini, the economist who predicted the global financial crisis. | Full Article | | Summers calls for new boost to economy | | June 13, 2011 08:51 AM ET | | WASHINGTON (Reuters) - Former White House aide Larry Summers on Sunday urged expanded tax cuts on U.S. workers' wages, warning that America's economy was at risk of years of Japan-style stagnation without a further boost. | Full Article | | Jobs panel proposes ways to spur hiring | | June 13, 2011 08:53 AM ET | | WASHINGTON (Reuters) - Washington should streamline permitting for construction projects and make it easier for tourists to visit the United States to help boost hiring and spur the economy, a top adviser to President Barack Obama said. | Full Article | | IMF cyber attack boosts calls for global action | | June 13, 2011 08:10 AM ET | | LONDON (Reuters) - Governments, multinational corporations and global institutions are losing the battle against computer hackers and must combine their resources if they are to lock out cyber intruders, experts say. | Full Article | | | | TECHNOLOGY NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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