July 2, 2013 6:49 am
Onyx Pharmaceuticals, Inc. is a bio-pharmaceutical company. The Company is developing therapies that target the molecular mechanisms which cause cancer. The company has a promising investing future and according to Reuters has added two large pharmaceutical firms to its suitors. Yesterday, the cancer-drug maker rejected an offer of $10 billion from Amgen, stating it is […]
Read moreJuly 1, 2013 2:34 pm
US stocks climbed on positive ISM manufacturing data. The ISM Manufacturing Index monitors employment, production inventories, new orders and supplier deliveries. The increase of ISM is a indicator of stronger economy and is supposed to lead stock prices up. The S&P 500 index advanced by 0.75% at 15:10 pm London time. Meanwhile, Dow Jones Industrial […]
Read moreJuly 1, 2013 12:47 pm
Apple is targeting the worlds biggest market of potential iPhone customers – those of China Mobile. Shares hanging at $395, Apples shares have lost 44% from an all-time high recorded last September. It market cap also has just been surpassed by rival Google. China Mobile is the world largest wireless carrier including more than 700 […]
Read moreJuly 1, 2013 11:15 am
European stock benchmarks rose last week after recording first gain in May as factory output fell less than estimates this month. The Stoxx Europe 600 Index added 0.7% at 11:52 a.m. in London. The benchmark added 1.7% last week as China released steps to ease a cash crunch triggered by shadow banking. It has still […]
Read moreJuly 1, 2013 9:09 am
Onyx Pharmaceuticals, the bio-pharmaceutical company developing cancer drugs, rejected an acquisition offer from Amgen the world largest independant bio-pharmaceutical firm for around $10 billion. The company stated it is waiting on better offers from suitors. Onyx noted that recent Amgen offer was not in the best interest of the company and shareholders. Deutsche Bank analyst […]
Read moreJuly 1, 2013 8:31 am
Nokia is buying its best performing business as raising concerns amid investors of companys balance sheet stability. The Finnish firm is acquiring Siemens after both companies took part in a joint venture, in order to introduce stability to its own struggling group of businesses. The venture called Nokia Siemens Networks (NSN) failed to be bought […]
Read moreJuly 1, 2013 7:08 am
Samsung Electronics Co. lost $25.3 billion of market capitalization last month, as sales of its Galaxy S4 smartphone missed investor expectations. After the official release of the flagship model the company that sells nearly one of every three mobile phones declined 9.7%. JP Morgan Chase & Co. and Morgan Stanley both lowered sales forecasts which […]
Read moreJune 28, 2013 2:20 pm
The US Department of Justice said Chinese wind turbine firm stole trade secrets from a American supplier which was qualified by the government as “attempted corporate homicide”. The company called Sinovel was accused of inciting one of the US-based AMSC employees to steal copyrighted source code from a computer in Wisconsin in order to use it for […]
Read moreJune 28, 2013 1:27 pm
HSBC Holdings Plc, the British multinational banking and financial services, downgraded its growth estimates on Friday, pointing risks to emerging markets from the slowing economy of China and the recent news of scaling back Feds bond-purchasing program. “The Fed might be thinking of monetary tapering but, for us, the only tapering is of our growth forecasts,” warned Stephen […]
Read moreJune 28, 2013 12:07 pm
US stock futures traded slightly on the positive side as investors are waiting on important European, Canadian and US data to be issued today. The S&P is probably going to record its best first half of a year from 15 years. The Japanese economy is another reason for economist to turn optimistic of todays market […]
Read more
