3M is buying filtration company, CUNO in an all cash deal for about $1.35 billion or $72 dollars per share. Included in the transaction is $60 million of existing net debt.
Traffic Costing the U.S. $63.1 Billion A Year
A study conducted by the Texas Transportation Institute shows that traffic jams are costing the U.S. $63.1 billion a year.
Forrester: Online Marketing to Reach $26 Billion by 2010
Forrester has just released its U.S. forecast for online advertising. Overall, the confidence level with traditional advertising channels is eroding which is creating more opportunities for online spending.
Valero Strikes $8 Billion Deal With Premcor
Valero Energy and Premcor have struck a deal for Valero to buy Premcor for $8 billion.
Delta Reports $1.1 Billion Loss
Delta Air Lines reported results for the quarter ended March 31, 2005, and other significant news.
GM Disappointed With $1.1 Billion Loss
General Motors reported that consolidated net income for the first quarter of 2005, including special items, was a loss of $1.1 billion, or $1.95 per share.
The $11 Billion Deal Between May and Federated
Federated Department Stores has acquired May Department Stores in a $11-billion deal.
Lee Enterprises Forks Out $1.46 billion for Pulitzer
Lee Enterprises is buying Pulitzer for $64 per share, which comes out to about $1.46 billion.
Monsanto Spends 1.4 Billion on Produce
Monsanto has signed an agreement to acquire Seminis for $1.4 billion in cash and assumed debt.
Boston Scientific’s $1.6 Billion Increase
Boston Scientific President and CEO, Jim Tobin announced the company’s preliminary, unaudited fourth quarter sales results.