November 18, 2014 10:35 am
AstraZeneca Plc made an official statement today that it expects its drugs pipeline to generate stable and consistent revenue growth. The U.K.-based pharmaceutical company also stated that its annual revenues are to exceed $45 billion by 2023. The companys Chief Executive Officer, Pascal Soriot, said in a statement, cited by Reuters: “We have more than […]
Read moreNovember 18, 2014 9:51 am
According to people with knowledge of the matter, Blackstone Group LP has managed to reach an agreement to sell a Manhattan office tower to Ivanhoe Cambridge Inc. at the price of $2.25 billion. The people close to the process, who asked not to be identified, because the deal is still not officially announced, reported that […]
Read moreNovember 18, 2014 8:21 am
Samsung Electronics Co. revealed that it is to cut the number of smartphone models in its portfolio in 2015. The companys decision is part of its strategy to reduce expenses in order to cope with contracting profit. The South-Korea-based company did not officially reveal the exact number of models, which would be affected by the […]
Read moreNovember 17, 2014 3:45 pm
The second-largest oilfield services provider in the world, Halliburton Co., reached an agreement to acquire Baker Hughes Inc., which is currently ranked third. The company is trying to take advantage of declining crude prices in order to organize the largest takeover deal in the U.S. energy sector since 2011. The Chief Executive Officer of Halliburton, […]
Read moreNovember 17, 2014 2:37 pm
The Chief Executive Officer of Fiat Chrysler Automobiles NV, Sergio Marchionne, was ordered by a Georgia judge to give a deposition in a lawsuit that involves the death of a 4-year-old boy killed in a Jeep fuel-tank fire. Fiat said in an official statement, cited by Bloomberg: ““Chrysler Group recognizes that this matter has raised […]
Read moreNovember 17, 2014 1:18 pm
Pfizer Inc. is to pay $850 million for rights to a cancer drug, developed by Merck KGaA. The deal is to grant Pfizer the opportunity to get an experimental treatment such as the one it looked for when it made its takeover bid for Astrazeneca Plc. Merck made an official statement today saying that the […]
Read moreNovember 17, 2014 12:14 pm
People familiar with the situation reported that Actavis Plc is approaching the finalization of a deal with Allergan Inc. estimated to more than $64 billion. The deal is to allow Allergan to fend off a hostile takeover bid from Valeant Pharmaceuticals International Inc. The people, who asked not to be identified because the information is […]
Read moreNovember 17, 2014 9:35 am
The largest social network in the world – Facebook Inc. – was reported to have been secretly working on a new project called “Facebook at Work”. The new website of the company is a step that is supposed to provide it with the opportunity to set foot at companies offices. The new product is to […]
Read moreNovember 14, 2014 1:51 pm
Oracle Corp. was reported to have accepted a total of $359 million in damages award in order to put an end to its copyright lawsuit against SAP SE, the biggest back-office business-management software supplier. According to a court filing posted today, SAP is to pay a total of $356.7 million plus $2.5 million in interest. […]
Read moreNovember 14, 2014 12:43 pm
Nokia reported that it upgraded its long-term profitability target. The step is considered as an evidence that the strategy of Nokias Chief Executive Officer, Rajeev Suri, to concentrate on wireless-network equipment is paying off. The CEO Suri said in a statement, cited by the Financial Times: “The rapidly evolving world of technology provides the context […]
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