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What's In The News: April 29, 2011

Financial News Network
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April 29, 2011 AT 1:18 PM
This is what's in the news for Friday, April 29th. Reuters reports that Nasdaq OMX (NDAQ) and IntercontinentalExchange (ICE) are poised to go hostile in their bid for NYSE Euronext (NYX) after shareholders increased pressure on the Big Board parent to get a better deal. Reuters reports that Blackstone Group LP (BX) is teaming up with Callaway Golf Co. (ELY) for a possible bid for Fortune Brands's (FO) golf business. the Wall Street Journal reports that Samsung Electronics escalated its fight with Apple (AAPL) over the appearance of smartphones, filing a new lawsuit in the U.S. yesterday, and introducing its second-generation Galaxy S phone in South Korea with few apparent changes in appearance from the model Apple alleges copies aspects of its iPhone. And finally, the Financial Times reports that Experts say that the more than 70M users of Sony's (SNE) online gaming network have only a "slim chance" of exacting payment for the exposure of their personal information in the recent data breach.