Denbury Recommends Rejection of Mini-Tender Offer by TRC Capital Corporation

Denbury Resources Inc. announced that an unsolicited “mini-tender” offer is being made by TRC Capital Corporation to acquire up to 4 million shares of Denbury common stock from shareholders at a price of $13.50 per share. This price represents approximately a 4.2% discount below Denbury’s closing price on the New York Stock Exchange on October 6, 2008, the day prior to the date the offer commenced.... 

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Basel Rattled by Fourth Quake Linked to Swiss Thermal Drilling

Switzerland was shaken by the fourth earthquake in two months linked to geothermal drilling in Basel, the country’s third-largest city, the Swiss Seismological Service said. No injuries or damage was reported. The epicenter of the 5 a.m. quake was a 5-kilometer-deep (3- mile) borehole drilled in the Kleinhueningen district of Basel in northern Switzerland that borders France and Germany, the... 

Basel Rattled by Fourth Quake Linked to Swiss Thermal Drilling

Switzerland was shaken by the fourth earthquake in two months linked to geothermal drilling in Basel, the country’s third-largest city, the Swiss Seismological Service said. No injuries or damage was reported. The epicenter of the 5 a.m. quake was a 5-kilometer-deep (3- mile) borehole drilled in the Kleinhueningen district of Basel in northern Switzerland that borders France and Germany, the... 

Earnings news spurs European gains

European equities moved higher by lunchtime on Thursday, helped by strength in the oil, financials, travel and media sectors, on a busy day for corporate earnings releases. The FTSE Eurofirst 300 rose 4.6 points, or 0.3 per cent, at 1,514.98 while the German Xetra Dax added 20.2 points, or 0.3 per cent, at 6,721.8 and the French CAC 40 gained 30.2 points or 0.5 per cent at 5,592.02. Dexia led the FTSE... 

European Mining Stocks, BHP Rise; Alcatel, GlaxoSmithKline Fall

European mining stocks rose as gold climbed to a two-month high in Asia and copper prices gained. Anglo American Plc and BHP Billiton, the world’s biggest mining companies, paced the advance. Alcatel SA led export stocks lower after the dollar dropped against the euro. GlaxoSmithKline Plc paced a decline by drugmakers for a third day. The Dow Jones Stoxx 600 Index rose less than 0.1 percent to... 

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