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Best Buy Co Inc <BBY.N> founder Richard Schulze is expected to make a fully financed offer to buy the consumer electronics retailer by a mid-December deadline, the Minneapolis Star Tribune reported, citing a source. Schulze’s bid would be at least $ 5 billion to $ 6 billion, the newspaper reported late Wednesday, citing the source. Best Buy shares jumped 14.5 percent to $ 13.94 in early trading. At that price, the retailer has a market value of $ 4.71 billion. Schulze’s bid at that level would be well below his initial offer range in August, when he said could acquire [...]

ATHENS/BRUSSELS Greece extended its offer to buy back debt until Tuesday, seeking more bids from bondholders after falling short of a target to retire bonds worth 30 billion euros at a cost of just 10 billion euros. The buyback is designed to provide for about half of a 40-billion euro debt relief package for Athens agreed last month by the European Union and International Monetary Fund. Its success is crucial to ensuring Greece’s debt is put back on sustainable footing and – more immediately – to unlocking badly-needed aid for the country. Despite the initial lack of investor interest, the [...]

ATHENS Greece is set to purchase back about half of its debt owned by private investors, broadly succeeding in a bond buyback that is key to the country’s international bailout, a Greek government official said on Saturday. Greek and foreign bondholders offered the targeted 30 billion euros ($ 38.8 billion) in the deal, which is central to efforts by Greece’s euro zone and International Monetary Fund lenders to cut its debt to manageable levels. “The buyback went well in broad terms. The amount offered by investors was within the range expected, about 30 billion euros,” the official told Reuters on [...]

ATHENS Greece will extend a debt buyback that forms part of its international bailout for an extra day to receive additional offers from bondholders, a government official said on Monday. Athens plans to buy back bonds with a face value of about 30 billion euros at deeply discounted prices to lower its debt load. A deadline for bondholders to submit offers expired on Friday. A Greek government official said on Saturday that Athens had received offers of about that sum. “There will be an official announcement later in the day,” said the official on Monday on condition of anonymity. According [...]

ATHENS Greece is set to purchase back about half of its debt owned by private investors, broadly succeeding in a bond buyback that is key to the country’s international bailout, a Greek government official said on Saturday. Greek and foreign bondholders offered the targeted 30 billion euros ($ 38.8 billion) in the deal, which is central to efforts by Greece’s euro zone and International Monetary Fund lenders to cut its debt to manageable levels. “The buyback went well in broad terms. The amount offered by investors was within the range expected, about 30 billion euros,” the official told Reuters on [...]

ATHENS Greece is set to purchase back about half of its debt owned by private investors, broadly succeeding in a bond buyback that is key to the country’s international bailout, a Greek government official said on Saturday. Greek and foreign bondholders offered the targeted 30 billion euros ($ 38.8 billion) in the deal, which is central to efforts by Greece’s euro zone and International Monetary Fund lenders to cut its debt to manageable levels. “The buyback went well in broad terms. The amount offered by investors was within the range expected, about 30 billion euros,” the official told Reuters on [...]

ATHENS Greek and foreign bondholders offered about 30 billion euros ($ 38.8 billion) in a buyback plan that is key to the country’s international bailout, a Greek government official said on Saturday. “The buyback went well in broad terms. The amount offered by investors was within the range expected, about 30 billion euros,” the official told Reuters on condition of anonymity. ($ 1 = 0.7735 euros) (Reporting by George Georgiopoulos, writing by Harry Papachristou)

The move by Staples, an established corporation, to offer 3-D printing further legitimizes a rapidly growing field.A new service will allow customers to print 3-D objects at Staples office-supply storesThe printers generate objects using reams of paper that are cut, stacked and glued togetherStaples Easy 3D will launch in the Netherlands and Belgium in the first quarter of 2013 Pretty soon you’ll be able to print your 3-D projects at the local Staples.A new service called “Staples Easy 3D” will allow customers to upload their designs to Staples’ website, then pick up the printed objects at their local office supply [...]

TOKYO Sony Corp <6758.T> has been approached by at least three investment banks offering to sell its battery business as the struggling Japanese group looks to offload non-core assets and focus on reviving its consumer electronics business, banking sources said. Selling the unit, which employs 2,700 people and had sales last year of $ 1.74 billion, would help Sony cut costs and generate cash as it restructures its operations, three people involved in the preliminary discussions told Reuters. The company, a byword for innovative gadgetry in the 1970s and 80s, has been battered by weak demand for its TVs in [...]

Reckitt Benckiser Group Plc <RB.L> has trumped Bayer AG’s <BAYGn.DE> agreed deal to buy Schiff Nutrition International Inc <SHF.N> with a higher offer of $ 1.4 billion for the U.S. vitamin maker. The bid, which tops Bayer’s $ 1.2 billion price, opens up a potential bidding war for Schiff, whose portfolio of vitamins and nutritional supplements, such as MegaRed for heart care and Move Free for joints, is appealing to companies seeking stable sources of growth. Reckitt, the British consumer products group behind Cillit Bang cleaner and Durex condoms, said late on Thursday it would offer $ 42 for each [...]