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Financial News Network
May 23, 2011 AT 7:35 PM
This is what's in the news for Monday, May 23rd. The Wall Street Journal reports that Kohlberg Kravis Roberts & Co. (NYSE:KKR) is expected to announce today that it has acquired Ipreo Holdings LLC, a provider of capital-markets data to banks and financial institutions, for $425M in cash. Reuters reports that Daimler (DDAIF) ruled out the sale of a minority stake in aerospace group EADS (EADSY) to German suppliers and sees a role instead for Germany in the deal, the carmaker's finance chief told the Frankfurter Allgemeine Sonntagszeitung. Bloomberg reports that U.S. regulators want more detail from Toshiba (TOSBF) on its new reactor design which may in turn delay its approval for use by power companies like as Southern Co. (NYSE:SO) and Scana (NYSE:SCG). The Associated Press reports that Lawmakers in the U.K. say they are still "significantly concerned" about Kraft's (NYSE:KFT) takeover of Cadbury, though the deal was completed over a year ago. Reuters reports that Procter & Gamble (NYSE:PG) will invest $100M in the oleochemical sector in Indonesia, the country's industry minister MS Hidayat said. Finally, Bloomberg reports that Johnson & Johnson (NYSE:JNJ), which won approval last week for the first new AIDS medicine since 2008, expects to introduce four drugs this year that may combine for annual sales of $9B, helping to offset product recalls and declining profit for medical devices.