BRIEFCASE.DREAMWORKSDeal for Reliance nearing fruition DreamWorks SKG SKG Stichting Kwaliteit Gevelbouw (Dutch) SKG Spielberg, Katzenberg,and Geffen (DreamWorks Studios) SKG Thessaloniki, Greece - Thessaloniki (Airport Code) SKG Smith and Kraus Global and Reliance Entertainment of India are close to finalizing a deal to set up a new film company, sources said Monday, allowing Steven Spielberg Noun 1. Steven Spielberg - United States filmmaker (born in 1947) Spielberg and others to split from Viacom Inc.'s Paramount Pictures subsidiary. Sources who requested anonymity said the group has been looking to raise as much as $1.7 billion for the new venture, which is expected to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. soon. The deal would end an acrimonious relationship between DreamWorks and Paramount, which bought the moviemaking mov·ie·mak·er n. One that makes movies, especially professionally. mov  ie·mak machine behind
"Transformers" and "Dreamgirls" for $1.6 billion in
2006.
Spielberg retains the rights to the DreamWorks name and would affix affix v. 1) to attach something to real estate in a permanent way, including planting trees and shrubs, constructing a building, or adding to existing improvements. it to the new entity, a source said. MANKIND Biodrug firm has higher expenses Mannkind Corp. on Monday reported second-quarter operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. of nearly $81 million, up from $75.4 a year earlier, as it focuses on the development of new treatments for cancer and diabetes. The Valencia-based biopharmaceutical company also reported a net loss of $79.8 million, or 79 cents a share, compared with a $72 million loss, or 98 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , a year earlier. MannKind's Technosphere Insulin System is in the third phase of clinical trials for the treatment of diabetes. The company is also preparing to start clinical trials on a therapeutic cancer vaccine. BOEING Pentagon meeting on tanker today Boeing is slated to meet today with Pentagon officials over a disputed $35 billion tanker contract as the company prepares its response to new guidelines that some critics say favor the larger plane of rival Northrop Grumman. Boeing Co. will meet with Pentagon officials to discuss the new draft request for proposals issued last week. The document outlines the Pentagon's requirements for the new fleet of 179 aerial refueling planes for the Air Force. Boeing spokesman Dan Beck would not discuss the substance of comments the company gave to the Pentagon Sunday or the nature of the upcoming talks. WASTE MANAGEMENT Republic buyout offer sweetened sweet·en v. sweet·ened, sweet·en·ing, sweet·ens v.tr. 1. To make sweet or sweeter by adding sugar, honey, saccharin, or another sweet substance. 2. To make more pleasant or agreeable. Waste Management Inc. has raised its unsolicited buyout offer for Republic Services Inc. by 9 percent to $6.73 billion, escalating a takeover battle among the nation's largest trash haulers. Monday's sweetened offer of $37 a share comes less than a month after Waste Management, the nation's largest trash collector, offered to buy No. 3 Republic in an all-cash buyout worth $34, or about $6.19 billion. That bid was quickly rejected by Republic, which said the offer undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. the company and was an attempt to disrupt its own plans to buy another waste hauler. Republic had agreed earlier this summer to buy Allied Waste for $6.07 billion in a stock deal, creating a company with revenue nearly as large as Waste Management's. -- Staff and Wire |
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