October 27, 2014 2:58 pm
Valeant Pharmaceuticals International Inc. said in an official statement that it is prepared to raise its acquisition offer for Allergan Inc. According to the statement, Valeant is ready to offer at least $200 per share in order to get the support of Allergans board. The Chief Executive Officer of the company, J. Michael Pearson, said […]
Read moreOctober 27, 2014 2:52 pm
Canon Inc. raised its profit projection for the year, regardless of falling sales, as a weaker yen and cost cuts made up for falling camera demand. The company reported a 4.5% decrease in sales to ¥872 208 million, down from ¥913 149 million last year, including a 9.4% fall in imaging system sales which include […]
Read moreOctober 27, 2014 1:48 pm
Saab AB revealed in a statement that it sealed a contract with Brazil for development and production of 36 Gripen NG jets. The deal is estimated to SEK 39.3 billion ($5.4 billion) and comes after Saab has lost such a transaction with Switzerland. The Chairman of the Sweden-based company, Marcus Wallenberg, said in the statement, […]
Read moreOctober 27, 2014 12:40 pm
Shire PLC stated a record increase in sales and raised its full-year projection, shortly after AbbVie Inc. officially withdrew its takeover offer. The bio-pharmaceutical researcher said its pullback from the deal was largely due to changes in the U.S. tax system. These measures taken by the American government were previously pointed at as dealbreakers, like […]
Read moreOctober 27, 2014 10:28 am
TNT Express NV made an official statement today, which revealed a third-quarter loss at a time when the company is taking restructuring measures. The performance of the company over the quarter was also affected by investigations over alleged anti-competitive practices in France, which led to extra expenses to cover the €50-million charge. The Chief Financial […]
Read moreOctober 27, 2014 9:27 am
A person familiar with the situation reported that Hewlett-Packard Co. is trying to sell part of its networking subsidiary called H3C Technologies Co. The person, who asked not to be named because the process is still not public, said that HP intends to dispose of about 51% of its stake in the networking business and […]
Read moreOctober 26, 2014 8:35 am
Volvo AB raised its cost-reduction target by 54% and revealed that its adjusted earnings rose thanks to strong demand in North America. According to the companys statement, the reduction in Volvos expenditures by 2015 will be increased to a total SEK10 billion as the truckmaker focuses on cutbacks at its construction-equipment division. It is also […]
Read moreOctober 25, 2014 8:56 am
Ford Motor Co. reported a decrease in earnings, but beat Wall Streets expectations due to strong performance in China. The American automaker stated a third-quarter decrease in net income to $835 million or $0.21 earnings per share, compared to last years $1.27 billion, or $0.31 per share. Excluding one-time items, earnings were $0.24 per share, […]
Read moreOctober 24, 2014 1:05 pm
Spirit Pub Company Plc has rebuffed a takeover approach from C & C Group but gave the Irish drinks maker time to come back with a formal offer. Spirit Pub confirmed that C & C approached them regarding a possible offer. “The board of Spirit has reviewed the proposal and rejected it” the company said […]
Read moreOctober 24, 2014 12:40 pm
The stock of the biggest construction-equipment manufacturer in the world, Caterpillar Inc., rose the most in more than eight months after the companys results during the third fiscal quarter outpaced the analysts profit forecasts. Caterpillar also boosted its full-year earnings projection. The Chief Executive Officer of the company, Doug Oberhelman, said in a conference call, […]
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