Stock News

Novartis AG to acquire CoStim Pharmaceuticals Inc. in an attempt to expand immunotherapy reach

Novartis AG made an official announcement, saying that it reached an agreement to purchase CoStim Pharmaceuticals Inc. in order to expand its reach in immunotherapeutics. The latter is considered to be a new field of cancer drugs and is projected to reach 35 billion dollars in annual sales. Novartis, which is based in Basel, Switzerland, […] Read more

Rakuten Inc. acquires Viber in a 900-million-dollar deal, loses $2 billion in market value

Rakuten Inc., a Japanese online retailer, sharply dropped in Tokyo trading after making an official announcement that it has made a decision to acquire the Viber Internet messaging and calling services in a 900-million-dollar deal. The companys shares dropped 9.5%, which is their most serious decline in more than four months. In his attempt to […] Read more

Bouygues SA books 1.4-billion-euro writedown on its Alstom stake

Bouygues SA, which offers construction and cellular communications services, develops real estate, produces television programming and movies and manages utilities, announced that it will book a 1.4-billion-Euro (1.9-billion-dollar) writedown on its stake in Alstom SA, which has been suffering from a slowing demand for thermal-power equipment. The company revealed that it will book the expense […] Read more

Biogen Idec Inc. appoints Stelios Papadopoulos as new chairman

Biogen Idec Inc., the third-largest biotechnology company in the world, which develops, manufactures, and commercializes therapies focusing on neurology, oncology, and immunology is going to name director Stelios Papadopoulos as new chairman, which is to replace William Young on the position. The people familiar with this processes, who asked not to be identified, because the […] Read more

Deutsche Telekom focuses on becoming a market leader in East Europe

Deutsche Telekom AG (DTE) seeks to become a dominant player in all of its markets in Central and Eastern Europe by 2018, as the company purchases assets and bolsters its networks. Deutsche Telekom has again begun to buy assets outside Germany, after CEO Timotheus Hoettges sees improving demand in the region between the Baltic Sea […] Read more

Apple’s iPhone enters Brazilian market at highest price

Apple Inc. is making its debut in Latin America today as the company expands into a fifteenth country and opens a store in Rio de Janeiro, which will offer the costliest iPhone of all the nations listed on its website. Apple will sell the 16-gigabyte version of its latest smartphone model at almost double price […] Read more

Sony Corp. overtakes Microsoft Inc. in video-game consoles sales in the US

After refilling its inventory of PlayStation 4 video-game consoles, Sony Corp. once again took the lead in retail sales in the U.S., leaving Microsoft Corp. and its Xbox One on the second position in January after a fierce rivalry for industry dominance. Sony Corp. made an official e-mailed statement yesterday and explained that its PlayStation […] Read more

Twitter Inc. to provide insiders with the opportunity to sell shares as lock-up ends

Currently, Twitter Inc. provides its users with real-time short messaging and multimedia messaging services that work over multiple networks and devices. The shares of the company more than doubled since its initial public offering that was made in November 2013. Now the company is said to be ready to provide its insiders with the first […] Read more

Airbus Group NV purchases Salzburg Bank to aid sales

Airbus Group NV announced that it is making plans for creating an in-house bank by purchasing a regional lender, following the example of companies such as Daimler AG and Siemens AG which provide their customers with financial services. Airbus Group NV made an official statement today, revealing that it will acquire Salzburg Muenchen Bank from […] Read more