Last Updated Apr 26, 2007 1:30 PM EDT
- The SEC has opened an investigation to determine whether Barclays broke insider-trading rules. The probe, which isn't public, has been underway for three years. Barclays is in talks to settle with the SEC. Earlier this week Barclays made a bid to acquire the Dutch bank ABN Amro.
- Kohlberg Kravis Roberts and Goldman Sachs have reached an agreement to buy audio-equipment maker Harman International Industries for about $8 billion. The private equity groups will pay stockholders $120 per share. That's a 17 percent markup of Harman's closing price on Wednesday.
- Wal-Mart said today that it's eliminating about 1,000 management positions at its Sam's Club stores. The company said the move is not aimed to lower costs. Instead, Wal-Mart hopes it will boost its customer service and allow it to be more flexible.
- Wendy's said today it's considering putting itself up for sale. The company said the option is part of a broader plan that includes shifting its strategic outlook and changing its capital structure. The news of a possible sale comes just as Wendy's announced that its profits dropped by 71 percent during its first quarter.