13 July, 2014 by The TZ Newswire Staff Comments Off on Europe Markets: European stocks gain for second day; Shire rises
Europe Markets: European stocks gain for second day; Shire rises
European stock markets rise for a second straight day on Monday as fears about the soundness of Portuguese banks continue to recede and investors instead look ahead to upcoming data and corporate results.
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13 July, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Shire ready to recommend AbbVie’s revised $53 billion offer
The Wall Street Journal: Shire ready to recommend AbbVie’s revised $53 billion offer
Shire says it is now in detailed talks with fellow pharmaceutical company AbbVie over its new takeover proposal, valued at more than $53 billion
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13 July, 2014 by The TZ Newswire Staff Comments Off on Currencies: Dollar slightly up against yen ahead of Yellen
Currencies: Dollar slightly up against yen ahead of Yellen
The dollar edged up against the yen on Monday in Asia, as investors took to the sidelines ahead of testimony by Fed Chairwoman Janet Yellen and Portugal worries subsided for the time being.
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13 July, 2014 by The TZ Newswire Staff Comments Off on Shire says ready to recommend higher AbbVie offer
Shire says ready to recommend higher AbbVie offer
London-listed pharma says it’s ready to recommend a newly revised higher offer from AbbVie, valuing the drugmaker at $90.53 per share.
13 July, 2014 by The TZ Newswire Staff Comments Off on Swiss Lindt agrees to buy Russell Stover
Swiss Lindt agrees to buy Russell Stover
Swiss chocolate maker says it has agreed to acquire Russell Stover — making it the number three chocolate manufacturer in the U.S.
13 July, 2014 by The TZ Newswire Staff Comments Off on Samsung halts business with Chinese supplier over child labor fears
Samsung halts business with Chinese supplier over child labor fears
Samsung Electronics Co Ltd said on Monday it had suspended business with a Chinese supplier it suspected of employing child labor, less than a week after a U.S. watchdog report accused the supplier of using under-aged workers. The South Korean smartphone maker said it found an “illegal hiring process” at Dongguan Shinyang Electronics Co Ltd, which supplies mobile phone covers and parts. Dongguan Shinyang Electronics could not immediately be reached for comment.
13 July, 2014 by The TZ Newswire Staff Comments Off on China charges GSK-linked investigators for illegally obtaining private information
China charges GSK-linked investigators for illegally obtaining private information
Prosecutors in China have filed charges against British investigator Peter Humphrey and his American wife, the official Xinhua news agency said on Monday, after the couple were detained last year following work they did for British drugmaker GlaxoSmithKline Plc. The case against Humphrey and his wife Yu Yingzeng has become a key piece in a long-running investigation into GSK, whose China executives have been charged with orchestrating a widespread network of bribery to promote sales.