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Heineken makes $4.1B bid for Tiger beer brewer

Submitted by Fox First at Ten on July 20th

SINGAPORE (AP) - Heineken has made a $4.1 billion offer to take full control of the Singapore-based maker of Tiger beer, attempting to see off a competing bid from Thailand's biggest beverage maker. Heineken said Friday it is offering 50 Singapore dollars a share to Fraser & Neave Ltd.,

Summary Box: Appeal of Google's ads grows in 2Q

Submitted by Fox First at Ten on July 20th

By The Associated Press ADS CLICKING: Google's second-quarter earnings rose 11 percent, thanks largely to a sharp increase in the number of times that Web surfers clicked on its moneymaking ads. The volume of revenue-producing clicks climbed by 42 percent from last year, the largest spike

Renault, Nissan invest in South Korea production

Submitted by Fox First at Ten on July 20th

By YOUKYUNG LEE and YURI KAGEYAMAAP Business Writers SEOUL, South Korea (AP) - The French-Japanese auto alliance of Renault and Nissan is investing $160 million in its South Korean unit to produce Nissan-branded vehicles mostly destined for the United States, taking advantage of the South Korea-U

News Summary: Microsoft posts 1st loss since 1986

Submitted by Fox First at Ten on July 20th

By The Associated Press FIRST LOSS: Microsoft posted a quarterly loss of $492 million, or 6 cents a share, the first negative quarter since it went public in March 1986. AD STRUGGLES: The loss was caused by a $6.2 billion write-down of its online ad business aQuantive, which it bought in 2007 for

Huron Consulting paying $1M to settle SEC case

Submitted by Fox First at Ten on July 19th

WASHINGTON (AP) - Huron Consulting Group Inc. has agreed to pay a $1 million civil fine to settle federal regulators' charges that the firm inflated its income with false accounting. The Securities and Exchange Commission announced the settlement Thursday with Chicago-based Huron and two former

A look at 4 highly rated funds investing in REITs

Submitted by Fox First at Ten on July 19th

By The Associated Press Below are four mutual funds that invest primarily in real estate investment trusts and are highly rated by Morningstar. Each has a minimum initial investment of $3,000 or less, making them accessible to most average investors. Each also has a gold or silver medal rating

News Summary: AMR, US Airways CEOs talk mergers

Submitted by Fox First at Ten on July 19th

By The Associated Press POWER BREAKFAST: The CEO of American Airlines parent AMR Corp., Thomas Horton, and US Airways Group Inc. CEO Doug Parker met over breakfast Thursday in Washington to talk about a potential merger. ON THE MENU: Parker wants the two airlines to combine while AMR is still in

Real estate funds lead the pack, but can it last?

Submitted by Fox First at Ten on July 19th

By MARK JEWELLAP Personal Finance Writer BOSTON (AP) - The housing market may finally be coming back, with home prices rising again and mortgage rates at record lows. But there's far greater strength in commercial real estate. Check out the recent investment returns of stock mutual funds that

Report: J&J will pay $2.2B in Risperdal settlement

Submitted by Fox First at Ten on July 19th

NEW YORK (AP) - Johnson & Johnson has agreed to pay as much as $2.2 billion to resolve an investigation into its marketing of the anti-psychotic drug Risperdal, according to a published report. The Wall Street Journal, which reported the settlement Thursday, said the settlement will include a $

Thursday's US Treasury bond market at a glance

Submitted by Fox First at Ten on July 19th

By The Associated Press Key barometers in the Treasury market late Thursday, compared with late Wednesday. Price changes in the 10-year note and 30-year bond are per $100 invested: