http://www.rttnews.comGlobal financial news, market analysis, economics and forex newsen-usTue, 18 Jun 2013 06:15:00 GMTPrivate equity firm Apollo Global Management LLC (APO) has made a takeover bid for mining giant Rio Tinto plc's (RTNTF, RIO, RIO.L, RTPPF) Canadian iron-ore operations, Bloomberg reported Monday, citing a person familiar with the situation.http://www.rttnews.com/story.aspx?Id=2137301Tue, 18 Jun 2013 04:34:49 GMTAuto parts supplier Johnson Controls, Inc. (JCI) is currently looking to divest its automotive-electronics business unit in bits and pieces as it is not receiving large enough bids for the whole unit, valued at about $1.2 billion. The unit generated sales of $1.4 billion in fiscal 2012.http://www.rttnews.com/story.aspx?Id=2137288Tue, 18 Jun 2013 03:37:29 GMTU.S-based hedge fund Third Point LLC on Monday urged Japanese consumer electronics giant Sony Corp. (SON.L, SNE) to spin off its entertainment division and reiterated its offer to serve on Sony's board of directors.http://www.rttnews.com/story.aspx?Id=2137286Tue, 18 Jun 2013 03:34:01 GMTExecutive-search company Korn/Ferry International (KFY), Monday said its profit for the fourth quarter rose from a year ago, due mainly to growth in revenues. Both earnings and revenues for the quarter came in ahead of Wall Street expectations.http://www.rttnews.com/story.aspx?Id=2137135Mon, 17 Jun 2013 20:59:59 GMTStarboard Value LP, a large shareholder in Smithfield Foods Inc. (SFD), on Monday urged the pork producer to explore a breakup of the company instead of its planned takeover by Chinese meat company Shuanghui International Holdings Ltd.http://www.rttnews.com/story.aspx?Id=2136964Mon, 17 Jun 2013 14:19:31 GMTAerospace and defense giant Boeing Co. announced a deal with Qatar Airways for nine Boeing 777-300 Extended Range airplanes. The agreement is worth around $2.8 billion at list prices and include two firm orders that were previously attributed to an unidentified customer and commitments for seven aircraft.http://www.rttnews.com/story.aspx?Id=2136825Mon, 17 Jun 2013 12:25:55 GMTGlobal web television network services provider Netflix Inc. (NFLX) said it signed a multi-year agreement with DreamWorks Animation (DWA), the makers of movies and animated feature films, for new original TV series. The tieup would help Netflix to premier original first-run entertainment content from the producers of global blockbusters 'Shrek,' 'Madagascar,' 'Kung Fu Panda' and 'How to Train yourhttp://www.rttnews.com/story.aspx?Id=2136771Mon, 17 Jun 2013 11:35:06 GMTGerman solar power-equipment maker Centrotherm photovoltaics AG (CPHVF) said Friday that CEEG, an Algerian client, has canceled an order for the construction of a fully-integrated solar module factory in Algeria.http://www.rttnews.com/story.aspx?Id=2136161Fri, 14 Jun 2013 14:15:55 GMTBiopharmaceutical company Bristol-Myers Squibb Co. (BMY) and China-based Simcere Pharmaceutical Group (SCR) said Thursday that they have agreed to jointly develop and commercialize the subcutaneous formulation of Bristol-Myers' rheumatoid arthritis drug Orencia or abatacept in China.http://www.rttnews.com/story.aspx?Id=2136105Fri, 14 Jun 2013 13:21:06 GMTLoan servicing company Ocwen Financial Corp. (OCN) said Thursday that it has agreed to buy mortgage servicing rights and related servicing advance receivables from California-based OneWest Bank, FSB for $2.53 billion.http://www.rttnews.com/story.aspx?Id=2135801Fri, 14 Jun 2013 03:36:18 GMTOil and natural gas company Antero Resources Corp. on Thursday filed with the U.S. Securities Exchange Commission to raise up to $1 billion in an initial public offering of its common stock. The company intends to list its common stock on the New York Stock Exchange under the symbol "AR".http://www.rttnews.com/story.aspx?Id=2135793Fri, 14 Jun 2013 02:12:35 GMTRestoration Hardware Holdings Inc. (RH) Thursday reported a first-quarter loss that narrowed from a year ago, due mainly to a surge in revenues and lower expenses. The company's adjusted earnings for the period easily trumped Street expectations, as did revenues.http://www.rttnews.com/story.aspx?Id=2135674Thu, 13 Jun 2013 21:03:55 GMTCanada-based travel operator Transat A.T. Inc. (TRZ_A.TO, TRZ_B.TO) on Thursday reported a wider loss for the second quarter on one-time charges and lower revenues that reflected the company's decision to reduce capacity on its markets.http://www.rttnews.com/story.aspx?Id=2135404Thu, 13 Jun 2013 12:54:53 GMTCanada-based Lundin Mining Corp. (LUN.TO) said Wednesday evening that it will buy the Eagle nickel and copper mine in the U.S. from Anglo-Australian mining giant Rio Tinto plc (RTNTF, RIO, RIO.L, RTPPF) for about $325 million. The transaction is expected to be completed in July 2013.http://www.rttnews.com/story.aspx?Id=2135113Thu, 13 Jun 2013 04:11:26 GMTGlobal beauty products maker Coty, Inc. (COTY) on Wednesday priced its initial public offering of 57.14 million shares of Class A common stock at $17.50 per share, the mid-point of its expected range. The offering is said to have raised proceeds nearing $1 billion. The company's stock is expected to begin trading on the New York Stock Exchange on Thursday under the ticker symbol "COTY."http://www.rttnews.com/story.aspx?Id=2135103Thu, 13 Jun 2013 03:01:46 GMTIntegrated biopharmaceutical company Celgene Corp. (CELG) said Wednesday that its board has authorized an open-ended share repurchase program to buyback up to an additional $3.0 billion of the company's common stock.http://www.rttnews.com/story.aspx?Id=2134814Wed, 12 Jun 2013 14:59:11 GMTBiotechnology company Amgen, Inc. (AMGN) on Wednesday announced top-line results of late stage Trebananib (AMG 386) TRINOVA-1 trial in recurrent ovarian cancer. The study met its primary endpoint of progression-free survival or PFS.http://www.rttnews.com/story.aspx?Id=2134801Wed, 12 Jun 2013 14:39:59 GMTAuto insurance group Progressive Corp. (PGR) on Wednesday reported a profit for the month of May that almost tripled from last year, reflecting a surge in investment gains that more than offset higher catastrophe losses.http://www.rttnews.com/story.aspx?Id=2134772Wed, 12 Jun 2013 13:53:48 GMTDiversified conglomerate General Electric Co. (GE) announced Wednesday the appointment of long time Chief Financial Officer Keith Sherin as the Chairman and CEO of its financial arm GE Capital, effective July 1, 2013. Sherin will succeed Mike Neal, who is retiring after 34 years with GE.http://www.rttnews.com/story.aspx?Id=2134769Wed, 12 Jun 2013 13:50:57 GMTCanadian dollar store operator Dollarama, Inc. (DOL.TO) reported Wednesday a profit for the first quarter that grew from last year, reflecting double-digit sales growth and solid comparable-store sales growth despite difficult weather conditions. Both earnings per share and quarterly revenues missed analysts' expectations.http://www.rttnews.com/story.aspx?Id=2134678Wed, 12 Jun 2013 12:25:13 GMTItalian insurer Assicurazioni Generali SpA (ARZGY.PK) agreed Tuesday to sell its 49 percent minority stakes in two Mexican companies to Mexico's Grupo Financiero Banorte for 649 million euros or $857.5 million. The transaction is subject to approvals by the competent regulatory authorities and other customary conditions.http://www.rttnews.com/story.aspx?Id=2134308Wed, 12 Jun 2013 03:17:32 GMTMedia mogul Rupert Murdoch's News Corp. (NWS, NWSA) said Tuesday that its shareholders have approved the separation of its businesses into two independent, publicly traded companies.http://www.rttnews.com/story.aspx?Id=2134282Wed, 12 Jun 2013 01:30:10 GMTApparel maker Oxford Industries Inc. (OXM), Tuesday reported a lower profit for the first quarter, hurt mainly by increased operating costs that offset revenue growth. Going forward, the company reaffirmed its full-year earnings guidance, but lowered the upper-end of its sales outlook.http://www.rttnews.com/story.aspx?Id=2134173Tue, 11 Jun 2013 20:55:36 GMTBranded lifestyle apparel maker VF Corp. (VFC) on Tuesday established its revenue and earnings per share targets to be reached over the next five year by 2017 as part of its strategy and key initiatives to support continued superior returns to its shareholders. This was revealed by the company's Chairman and CEO Eric Wiseman during an investor meeting in New York City earlier in the day.http://www.rttnews.com/story.aspx?Id=2134035Tue, 11 Jun 2013 14:53:58 GMTGerman aviation group Deutsche Lufthansa AG (DLAKY, DLAKF) announced Tuesday that the group flew 0.8 percent more passengers in the month of May compared to last year. Traffic or sales, for the group grew 4.0 percent, capacity increased 3.4 percent and passenger load factor improved 0.4 percentage points.http://www.rttnews.com/story.aspx?Id=2133983Tue, 11 Jun 2013 13:38:48 GMTJetBlue Airways Corp. (JBLU) on Tuesday announced traffic results for the month of May, reporting an increase in traffic, capacity and load factor compared to last year.http://www.rttnews.com/story.aspx?Id=2133947Tue, 11 Jun 2013 13:00:44 GMTLawn and garden care products maker Scotts Miracle-Gro (SMG) on Tuesday reaffirmed its earnings outlook for fiscal 2013, citing an increase in U.S. consumer purchases for the fiscal third quarter through early June.http://www.rttnews.com/story.aspx?Id=2133905Tue, 11 Jun 2013 12:30:45 GMTAerospace and defense giant Boeing Co. (BA) lifted Tuesday its annual 20-year market forecast for new airplane deliveries by 3.8 percent on improved demand for single-aisle airplanes mainly in Asia Pacific, including China. This was revealed in the annual Current Market Outlook (CMO) released by Boeing in Paris earlier in the day.http://www.rttnews.com/story.aspx?Id=2133899Tue, 11 Jun 2013 12:23:17 GMTHealth insurer Cigna Corp. (CI) said Monday that it has entered into a ten-year deal with pharmacy benefit manager Catamaran Corp. (CTRX, CCT.TO). Under the deal, Catamaran will manage prescription drug benefits for Cigna's clients, expanding its previous deal with HealthSpring that was acquired by Cigna in 2012. Shares of Catamaran gained 14 percent in extended trades following the announcement.http://www.rttnews.com/story.aspx?Id=2133536Tue, 11 Jun 2013 04:17:31 GMTIndustrial technology firm Timken Co. (TKR) announced Monday that its board of directors has formed a strategy committee to evaluate a potential separation of the company's steel business. The committee has retained Goldman Sachs Group, Inc. (GS) to assist with the strategic evaluation, including Timken's corporate governance and capital allocation.http://www.rttnews.com/story.aspx?Id=2133525Tue, 11 Jun 2013 03:53:39 GMT