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3XSQ: 3M buying Ceradyne for $860 mln

Monday, October 01, 2012 - 04:11

Oct. 1 - Ceradyne's stock is soaring after 3M's announcement to purchase the armor and industrial components maker.

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Ahead nothing six death and the show. Welcome to this has this Monday from Reuters world headquarters in New York. -- top cashed our power player today. Apps. On the wall but the digital kind. Nokia the latest technology company to grab headlines for its maps. The Finnish -- says on how to deal with oracle today to get its customers access to Nokia's mapping services. It's already signed deals with -- on Amazon financial terms not disclosed. Apple of course having a different experience with its mapping service CEO Tim Cook apologizing for shortcomings last week. After it replaced the Google Maps app with its own in its latest version of the operating system. Three and building up its defenses the Dow component by necessary means for. 860. Million dollars. That company makes armor for the military and components for other industries three and said the deal reduce its earnings slightly over the next year. The agreement worked out -- 35 dollars a share for third or about 43%. Premium to Friday's close. Rising youth unemployment the focus in Europe today are -- well joining us from London -- a bad situation getting worse yes. Yeah apps. -- release of the EU didn't mince its words it warned of economic and social disaster if joblessness out among the young guy in Europe continues to rise in the rate is going now. The -- articles action. A joint effort if you like to come -- the problem I'm just a running through some of these numbers eleven point 4% unemployment across the seventeen nations that that's ever. Eighteen million people. Youth unemployment across the zone and this is our daily did you today 22 point seven -- a sense. Remember. -- -- talking close to half of all youths unemployed in Greece and Spain what's ironic of course please resist push up by the Euro zone to create jobs for the young. Now while at the same time. Acknowledging that the debt crisis which is -- of course sap business confidence and led to cutbacks. Is to blame I'm very much for this so so really very much a catch 22 across the border. All right thanks so much -- in London. Well do you in this country spent the weekend at the movie's big time powering animated film Hotel Pennsylvania to record -- in September box office tally. A 43 million. Also -- -- Sampras career humans with bill. Grant has been at its area of late with flames thoughts on the killings by -- island that's away. The three monster that also. Gone. And finally this ounce of tennis switched. Applause. And it. Yeah. Women's tennis association now putting a muzzle on female players with a talent for grunting. And one major offender Maria Sharapova. You're seeing there a surprise supporter of the movement. The WT able arm -- with hand held devices to monitored noise levels and became anti shrieking education at junior tennis academies. While some see Clinton as a -- to distract opponents. Sharapova say she's been doing it in voluntarily for ever. Her -- have been measured at 101. Decimals comparable to a chainsaw or speeding train. That's the latest and three times for this Monday you can follow us on Twitter at Reuters Insider and check out our -- YouTube channel that is Reuters dot com slash. -- -- I'm Lisa Bernhard this is --

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3XSQ: 3M buying Ceradyne for $860 mln

Monday, October 01, 2012 - 04:11