WALL STREET JOURNAL - Latest News - KKR group looks to win Philips chip unit

WALL STREET JOURNAL - Latest News - KKR group looks to win Philips chip unit 

Report: Private equity firms to pay $10.3 billion for auctioned division. NEW YORK (Reuters) -- Private equity firms Kohlberg Kravis Roberts & Co. and Silver Lake Partners appear to have won an auction for Philips Electronics NV's semiconductor division, the Wall Street Journal reported, citing people familiar with the matter.

US Air-Delta talk has experts thinking airline mergers 
As predicted, speculation about the next wave of airline mergers has been a hot topic this week following a Wall Street Journal report that US Airways CEO Doug Parker made a merger-related phone call to Delta. Nothing came of the...

Pharmaceutical Company Profits From Medicare Drug Benefit May Not Last 
The Medicare prescription drug benefit "appears to be fueling the solid quarterly earnings reports from drug companies," the Wall Street Journal reports. The drug benefit has prompted increased use of medications -- total U.S. prescription volume in the month that ended on July 14 increased by 4.9% from a year earlier -- and has led to increased sales for large pharmaceutical companies. [click

(AFX UK Focus) 2006-08-02 04:46 GMT: KKR, Silver Lake close to deal for Philips chip ops - report 
HONG KONG (XFN-ASIA) - Kohlberg Kravis Roberts & Co and Silver Lake Partners appear to have won the bidding for Philips Electronics NV's semiconductor division, the Wall Street Journal reported in its online edition, citing people familiar with the matter.

Report: Northrop navigation unit, Wyle Labs for sale 
Two local defense companies are selling off operations. Northrop Grumman Corp. has put its navigation systems unit up for sale, and Wyle Laboratories Inc. is also for sale, according to Wall Street Journal reports.

Philips Shares Up on Report of Unit Sale 
AMSTERDAM, Netherlands (AP) - Shares in Royal Philips Electronics NV jumped Wednesday following reports that the company is close to a deal to sell its semiconductor division to a U.S. private equity consortium for more than $10 billion.The company's stock rose more than 4 percent to 26.22 euros ($33.56) in Amsterdam trading after The Wall Street Journal and The New York Times reported that

Wall Street Journal on Game Trainers 
The Wall Street Journal recently ran a story about an interesting pro-gaming cottage industry: Pro-gaming trainer. The story looks mostly at 18-year-old game tutor Tom Taylor who runs...

Ahead of the Bell: Ford Motor Co. 
Ford Motor Co. is hiring a former mergers-and-acquisitions investment banker to review some of the company's weak operations -- such as the Jaguar brand -- which could lead to an asset sale or an alliance with another company, the Wall Street Journal reported Wednesday.

Report: Brooks says ex-CEO signed false document 
In a regulatory filing, Brooks Automation acknowledges that its former CEO signed a false document enabling him to exercise an option to buy 225,000 shares even though the option had already expired, according to reports by Reuters and the Wall Street Journal.