November 26, 2013 1:50 pm
Bayer AG submitted an offer worth $2.4 billion for the purchase of Norways Algeta, its partner for a new prostrate cancer treatment, at a 27% premium to the stocks last close, Algeta reported today. Algeta, confirmed it was “in receipt of a preliminary acquisition proposal” from Bayer, while emphasizing that company is still uncertain of […]
Read moreNovember 26, 2013 12:39 pm
US stock- index futures a little changed, giving mixed signals of what direction would indexes follow during the day after yesterday S&P 500 index fell from record levels. Investors awaited reports on consumer confidence and house prices. Futures on the S&P 500 expiring next month dropped less than 0.1% to 1,801.70 at 12:15 p.m. in […]
Read moreNovember 26, 2013 10:15 am
Wal-Mart Stores Inc. appointed Doug McMillon, the head of its international business, to replace Mike Duke as chief executive officer when he retires as the world’s largest retailer has to solve issues of struggling home and international growth. Mr McMillons raise comes as the group tries to reverse falling sales in the US and fix […]
Read moreNovember 26, 2013 8:43 am
The awaited IPO listing of Fiats US unit Chrysler will not take place until next year, the Italian car-maker said on Monday, prolonging the uncertainty over its chances of buying out the rest of the company. The delay assures more breathing space for Sergio Marchionne, chief executive of both Fiat and Chrysler, to agree on […]
Read moreNovember 26, 2013 7:55 am
US stocks closed mixed yesterday as the Standard & Poor’s 500 Index fell, after seven consecutive weekly gains that boosted the benchmark to record levels, as pending home sales disappointed predictions, and volume traded lowered as more investors think market has reached its peak. The S&P 500 lost 0.1% to 1,802.48 at close in New […]
Read moreNovember 25, 2013 3:17 pm
Samsung and LG are testing curved screens for mobile phones and wearable devices. The South Korean companies are competing against each other to deliver flexible displays to their mobile devices. Success in doing so could give them a significant advantage over Apple, Google and other makers of wearable devices in a segment that is shaping […]
Read moreNovember 25, 2013 2:31 pm
Boeing Co. informed airlines that some Dreamliner aircraft running with General Electric Co. engines must bypass thunderstorms as a precautionary measure, the latest advisory on the 787 that was grounded globally earlier this year. The advisory recommended Japan Airlines Co., the world’s second-largest Dreamliner operator, to switch to other aircraft on routes linking Delhi and […]
Read moreNovember 25, 2013 1:16 pm
PSA Peugeot Citroen is looking for a replacement of the Chief Executive Philippe Varin after he requested to step down next year. The company is reviewing options among which is to hire former Renault SA Chief Operating Officer Carlos Tavares on the position, two people familiar with the matter said to Bloomberg. The search comes […]
Read moreNovember 25, 2013 12:34 pm
U.S. stock-index futures rose, indicating the Standard & Poor’s 500 Index will extend its record from last week, as Iran agreed to limit its nuclear program. Futures on the S&P 500 expiring in December advanced 0.3% to 1,807.60 at 7:17 a.m. in New York. The benchmark index rose for the past seven weeks, its longest […]
Read moreNovember 25, 2013 9:01 am
Cyber Monday, is one of the busiest online-commerce days of the year. Recently analysts observed it is spilling into the rest of the holiday season as more consumers use mobile devices as a more convenient method to shop online. Many shoppers are not waiting to return to work on the Monday after Thanksgiving to surf […]
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