- Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc , the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.
FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
Reckitt says looks forward to clinching Schiff takeover
LONDON (Reuters) - Reckitt Benckiser (RB.L) said on Tuesday it looked forward to clinching a deal to buy U.S. vitamin maker Schiff Nutrition SHF.N after rival bidder Bayer (BAYGn.DE) announced it would not increase its offer.
Reckitt last week trumped Bayer's $1.2 billion agreed deal to buy Schiff with a higher offer of $1.4 billion.
"Our original tender offer still stands and we look forward to reaching an agreement," a spokeswoman for the UK consumer goods group said. "We are in communication with them (Schiff)," she added, while declining to go into further details.
(Reporting by Ben Hirschler; editing by Andrew Callus)
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