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AbbVie Inc. share price down, edging closer to an acquisition of Shire Plc

July 14, 2014 12:03 pm
Shire Plc said in a Monday statement that it would allow a takeover by AbbVie Inc., for an updated and improved bid of 31.4 billion pounds ($53.7 billion), after three failed earlier attempts. The US company has moved towards acquiring the UK-based Shire, in a bid to relocate its HQ to the UK, where tax […] Read more

UK shares surge, Imperial Tobacco up 3% on acquisition talks

July 13, 2014 8:22 am
Shares in the UK posted gains on Friday, trimming their weekly loss, as Imperial Tobacco Group rose 3%, following its announcement that it plans the acquisition of some assets and brands, owned by companies in the United States. The FTSE 100 Index gained 17.80 points, or 0.27%, to close at 6,690.17 in London on Friday. […] Read more

Apple Inc share price little changed, China state TV claims iPhone poses security threat

July 12, 2014 9:48 am
Chinas influential national television labeled a location-tracking software featured in Apple Incs iPhone a threat to national security in the latest confrontation between the Asian country and U.S. tech giants, including Microsoft Corp., Google Inc. and Facebook Inc. The accusation comes only a few months after the iPhone maker struck a deal with China mobile […] Read more

Friends Life Group Ltd’s share price up, plans a share buyback after Blackstone acquires its Lombard unit for $610 million

July 11, 2014 1:40 pm
Friends Life Group Ltd made a statement today, announcing its intentions to return cash to its shareholders, after Blackstone Group LP reached an agreement to acquire its European wealth-management division in a deal valued at about 356 million pounds (610 million dollars). The Chief Executive Officer of Friends Life Group Ltd – Mr. Andy Briggs […] Read more

Infosys Ltd’s share price up, posts its results for the first financial quarter, profit beats analysts’ forecasts

July 11, 2014 11:39 am
The second-biggest software services company in India – Infosys Ltd made an official statement today, posting its profit for the first fiscal quarter of the year that surpassed the median analysts forecast due to a larger number of orders the company received. The newly-appointed Chief Operating Officer of Infosys Ltd – Mr. U.B. Pravin Rao […] Read more

Nissan Motor Co. Ltd’s share price down, the CEO of its Infinity unit de Nysschen resigns to “pursue other opportunities”

July 11, 2014 9:17 am
The President of Nissan Motor Co.s Infinity luxury brand – Mr. Johan de Nysschen – is leaving the unit after spending two years on the position. One of Infinitis spokesmen – Mr. Stefan Weinmann revealed that the news of the resignation was announced internally today. The divisions spokesman also shared that the control of Nissans […] Read more