City National (CYN) is likely to be in focus after it announced that its wholly subsidiary City National Bank has acquired the banking operations of Las Vegas-based Sun West Bank in a purchase agreement with the FDIC. City National will buy 7 banking offices and approximately $352 million in assets.http://www.google.com/finance?q=NYSE:CYN
Covidien (COV) may react to its announcement that it has signed an agreement to buy all outstanding shares of ev3, Inc. (EVVV) for $22.50 per share in cash for a total of $2.6 billion, net of cash acquired. Covidien expects the deal to dilute earnings in 2010 and 2011 on a GAAP basis.
Covidien (COV) may react to its announcement that it has signed an agreement to buy all outstanding shares of ev3, Inc. (EVVV) for $22.50 per share in cash for a total of $2.6 billion, net of cash acquired. Covidien expects the deal to dilute earnings in 2010 and 2011 on a GAAP basis.http://www.google.com/finance?q=NYSE:COV
Hewlett-Packard (HPQ) is expected to move in reaction to its announcement that it will invest $1 billion in the next generation of its enterprise services business. To fund the investment, the company said it would take about $1 billion in charges over a multi-year period in its GAAP results. The investment is expected to result in annualized gross savings of about $1 billion and net savings after reinvestment in a range between $500 million and $700 million. In connection with the move, the company expects to eliminate about 9,000 positions over a multi-year period.
Hewlett-Packard (HPQ) is expected to move in reaction to its announcement that it will invest $1 billion in the next generation of its enterprise services business. To fund the investment, the company said it would take about $1 billion in charges over a multi-year period in its GAAP results. The investment is expected to result in annualized gross savings of about $1 billion and net savings after reinvestment in a range between $500 million and $700 million. In connection with the move, the company expects to eliminate about 9,000 positions over a multi-year period.
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