Company News for January 04, 2010 - Corporate Summary
• European shares are up on merger news. Novartis (NYSE:NVS) took steps to acquire the rest of Alcon (NYSE:ACL) from Nestle for $28.1 billion, noting intentions to purchase the remaining shares
• Media reports said Kraft Foods (NYSE:KFT) will raise its hostile bid for Cadbury (NYSE:CBY). Some reports also suggested Ferrero has talked with private equity companies and Hershey (NYSE:HSY) about a counter-offer
• November semiconductor sales improved 8.5% to $22.6 billion
• Google's (NASDAQ:GOOG) Nexus One smartphone is rumored to be announced on January 5
• Apple's (NASDAQ:AAPL) tablet computer is speculated for a January 26 release with an estimated price target of $1000 and 10 million slated for shipment
• News Corp. (NASDAQ:NWSA) and Time Warner (NYSE:TWC) reached a deal to maintain Fox on the air
• Chesapeake Energy (NYSE:CHK) signed an agreement to sell its 25% stake in Barnett shale gas assets to Total (NYSE:TOT) for $2.25 billion
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