Today, the Bush Administration reduced its forecast for the year’s budget deficit from $427 billion in February to $333 billion as a result of larger than expected tax revenues.
TD Banknorth’s $1.9 Billion Deal With Hudson United Bancorp
TD Banknorth and Hudson United Bancorp have announced that TD Banknorth will acquire Hudson United for approximately $1.9 billion in cash and TD Banknorth stock.
Sprint To Spend $1.3 Billion On US Unwired
Sprint announced today that it plans to acquire US Unwired for approximately $1.3 billion in an agreement that has been approved by both companies’ boards of directors.
$7 Billion Deal In the Works For VNU and IMS Health
A $7 billion or 5.8 billion euro stock and cash deal is in the works for VNU and IMS Health, as the two companies announced today that they will be merging.
Sony PS3 Might Be A Billion Dollar Loser First Year
Based on the individual cost of components, Merrill Lynch Japan Securities analysts think the company may take a beating on first year PS3 sales.
Ameritrade to Pay $2.9 Billion in Stock For TD Waterhouse
Ameritrade Holding Corp. has big plans to buy its competitor TD Waterhouse USA from Toronto-Dominion Bank. Ameritrade will pay $2.9 billion in stock for its rival to form TD Ameritrade.
Bank of America Spends $3 Billion on Stake in CCB
Bank of America is purchasing a 9% stake in China Construction Bank (CCB) for $3 billion, plus the option of increasing its stake in later years.
Pfizer Buying Vicuron For Nearly $2 Billion
Pfizer is acquiring Vicuron Pharmaceuticals, a company that is dedicated to novel anti-infectives for both hospital-based and community-acquired infections.
JP Morgan Forks Out $2.2 billion To Settle Suit From Enron Investors
Citigroup recently agreed to pay $2 billion to settle a lawsuit from Enron investors, and now J.P. Morgan Chase & Co. is following suit and paying $2.2 billion.
Citigroup Drops $2 Billion For UC Enron Investors
Citigroup was sued by a group of investors led by the University of California over its role in the fall of Enron. Citigroup agreed to pay $2 billion to settle.