December 2, 2014 3:55 pm
Cypress Semiconductor Corp is buying Spansion Inc in a $1.59-billion stock deal in order to create a company that will manufacture memory chips utilized in many consumer and business technologies. After the deal is completed the new company is set to become the biggest supplier of chips for embedded systems.It will combine Cypress expertise in […]
Read moreDecember 2, 2014 1:52 pm
Japans Otsuka Holdings Co Ltd reached a deal to purchase Avanir Pharmaceuticals for around $3.5 billion, marking it as the companys second big US acquisition in slightly over a year. The agreement for the unprofitable Avanir comes as the drugmaker is looking to increase its portfolio of products, including treatments for Alzheimer’s, Parkinson’s and migraines, […]
Read moreDecember 2, 2014 11:02 am
Aviva Plc, Britains second-biggest insurance company by market value, has agreed to acquire Friends Life in an all-stock deal, marking the biggest takeover in 15 years among UK insurers. Aviva, which last month announced it was in talks with its smaller rival, values each Friends Life share at 0.74 new Aviva shares, or 394 pence, […]
Read moreDecember 2, 2014 10:01 am
Natural gas extended its losing streak to a fourth session amid forecasts for milder weather over most of the US. Natural gas for delivery in January lost 0.62% to $3.982 per million British thermal units by 9:37 GMT. Prices held in a daily range between $4.026 and $3.973. The energy source settled 1.89% lower on […]
Read moreDecember 2, 2014 8:25 am
Brent and West Texas Intermediate fell on Tuesday, losing a piece of the gained ground on Monday as investors entertained the idea of OPECs commitment to let the oil market balance itself. January US crude fell by 0.49% on Tuesday to $68.66 per barrel by 07:53 GMT. Prices held in a daily range between $69.32 […]
Read moreDecember 2, 2014 8:04 am
Yesterday’s trade saw EUR/USD within the range of 1.2419-1.2506. The pair closed at 1.2469, gaining 0.15% on a daily basis. At 8:00 GMT today EUR/USD was down 0.10% for the day to trade at 1.2455. The pair touched a daily low at 1.2450. Fundamentals Euro zone Producer prices The annualized index of producer prices (PPI) […]
Read moreDecember 2, 2014 7:47 am
Yesterday’s trade saw GBP/USD within the range of 1.5585-1.5763. The pair closed at 1.5727, gaining 0.54% on a daily basis. At 7:46 GMT today GBP/USD was down 0.10% for the day to trade at 1.5716. The pair touched a daily low at 1.5705. Fundamentals United Kingdom Construction activity Activity in United Kingdom’s sector of construction […]
Read moreDecember 2, 2014 7:35 am
Yesterday’s trade saw EUR/SEK within the range of 9.2399-9.2942. The pair closed at 9.2729, gaining 0.06% on a daily basis. At 7:34 GMT today EUR/SEK was up 0.03% for the day to trade at 9.2730. The pair touched a daily high at 9.2857. Fundamentals Euro zone Spanish unemployment change The number of the unemployed people […]
Read moreDecember 2, 2014 7:24 am
Yesterday’s trade saw EUR/GBP within the range of 0.7922-0.7977. The pair closed at 0.7928, losing 0.42% on a daily basis. At 7:22 GMT today EUR/GBP was up 0.01% for the day to trade at 0.7925. The pair touched a daily high at 0.7929. Fundamentals Euro zone Spanish unemployment change The number of the unemployed people […]
Read moreDecember 1, 2014 3:18 pm
A coalition of companies warned in a new ad that online retail giants, like Alibaba Group Holding Ltd, will “decimate” local retailers unless Congress passes a bill to prevent online buyers from avoiding sales tax. The ad from a campaign group, including companies like Target, Best Buy, Home Depot and JC Penney, threatened Alibaba and […]
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