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Investors to Buy SunGard for $10.8 Bln
NEW YORK (Reuters) - Financial technology company SunGard Data Systems Inc. (SDS.N: Quote , Profile , Research ) said on Monday it agreed to be acquired by seven private investment firms for $10.8 billion in cash, the biggest leveraged buyout in more than 15 years. The investor group buying SunGard is led by Silver Lake Partners and includes Bain Capital, The Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts & Co., Providence Equity Partners... : Investors to Buy SunGard for $10.8 BlnBoeing Quarterly Profit Up 78 Percent
By Chelsea Emery NEW YORK (Reuters) - Boeing Co. (BA.N: Quote , Profile , Research ) on Wednesday posted a 78 percent jump in quarterly earnings that beat Wall Street forecasts as stronger demand for its military networking and weapons systems helped offset a decline in commercial airplane revenue. The company raised its full-year forecast and bumped its commercial plane delivery forecast for 2005 higher. The airplane maker also said it still expected 200 firm orders for... : Boeing Quarterly Profit Up 78 PercentExxon Mobil Profit Up 56 Pct, Stock Off
By Deepa Babington NEW YORK (Reuters) - Exxon Mobil Corp., the world's largest publicly traded oil company, on Thursday said quarterly profit surged 56 percent, driven by soaring oil prices and strong results from refining operations. Despite the stellar results, the company's shares fell a bit in afternoon trade, held down by a weaker oil and gas sector as crude prices slipped. Crude, which shot up 60 percent this year due to fears of suppl... : Exxon Mobil Profit Up 56 Pct, Stock OffL-3 to buy Titan for about $2 bln in cash
NEW YORK (Reuters) - L-3 Communications Holdings Inc. on Friday said it would buy Titan Corp. for about $2 billion in cash, expanding its reach in defense-intelligence technologies. In the long-expected deal, Titan shareholders will receive $23.10 per share in cash, a modest 1.4 percent premium to the stock's closing price of $22.79 on Thursday on the New York Stock Exchange. The stock had run up recently in anticipation of a t... : L-3 to buy Titan for about $2 bln in cashDelta to Outsource Maintenance Work
By Jui Chakravorty NEW YORK (Reuters) - Delta Air Lines Inc. (DAL.N: Quote , Profile , Research ) , which is struggling to meet its cash needs, on Tuesday said it expects to cut costs by about $240 million over five years, mainly by outsourcing aircraft maintenance work. Atlanta-based Delta plans to partner with Avborne of Miami, and Air Canada Technical Services of Vancouver, Canada, to conduct heavy maintenance work on parts of its aircraft fleet, cutting costs by 34 percent. Delta also pla... : Delta to Outsource Maintenance WorkFor more information about cash plans: Compare of estimator
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