14 July, 2014 by The TZ Newswire Staff Comments Off on Shire ready to bow to AbbVie’s increased $53 billion offer
Shire ready to bow to AbbVie’s increased $53 billion offer
London-listed drugmaker Shire Plc (SHP.L) succumbed to an increased 31 billion pounds ($53 billion) takeover offer from Abbvie Inc (ABBN.N) on Monday, signaling the conclusion to a long-running courtship largely motivated by tax. Shire said it was ready to recommend the deal, the latest in a list of mergers proposed by U.S. firms seeking to cut their tax rates, and which comes less than seven weeks after the collapse of Pfizer Inc’s (PFE.N) $118 billion bid for AstraZeneca Plc (AZN.L), also motivated in part by tax factors.
14 July, 2014 by The TZ Newswire Staff Comments Off on Airbus revamps A330 jet in long-haul battle with Boeing
Airbus revamps A330 jet in long-haul battle with Boeing
Airbus announced a revamp of its twin-aisle A330 passenger jet on Monday, sharpening a contest with Boeing for up to $250 billion of orders at the core of the market as the start of the Farnborough Airshow fueled a debate about new technology. The European planemaker’s decision to add new, more fuel-efficient Rolls-Royce (RR.L) engines to its best-selling long-haul jet comes as it tries to preserve market share against Boeing’s (BA.N) all-new 787 Dreamliner and amid disappointing sales of its own new A350-800 model.
14 July, 2014 by The TZ Newswire Staff Comments Off on Futures Levitate As Portugal Troubles Swept Under The Rug
Futures Levitate As Portugal Troubles Swept Under The Rug
Futures took off earlier today, driven by a round of risk on exhuberance starting in Asia, where bourses were up around a third of a percent this morning. Gains are being led by the Shanghai Composite (+1%), Nikkei (+0.9%), HSCEI (+0.5%) and KOSPI (+0.3%). The Indonesian rupiah is down 0.6% today after the country’s central bank said that the current account deficit widened to around 4% in Q2, compared with around 2% in the prior quarter. The Singaporean dollar is also slightly weaker (-0.1%) after Singapore reported a weaker than expected Q2 GDP number (-0.8% QoQ saar vs +2.4% expected).
14 July, 2014 by The TZ Newswire Staff Comments Off on The Reason Warren Buffett Made This $15 Billion Energy Bet
The Reason Warren Buffett Made This $15 Billion Energy Bet
Warren Buffett has poured money into planet-saving investments, yet it won’t just help the earth. It’ll help his wallet, too.
14 July, 2014 by The TZ Newswire Staff Comments Off on Done deal: Citi in US mortgage settlement for $7B
Done deal: Citi in US mortgage settlement for $7B
Citigroup will pay $7 billion to settle a U.S. Justice Department investigation into subprime mortgages.
14 July, 2014 by The TZ Newswire Staff Comments Off on Opening Bell: 07.14.14
Opening Bell: 07.14.14
14 July, 2014 by The TZ Newswire Staff Comments Off on Prospect Capital’s 30% Yielder
Prospect Capital’s 30% Yielder
Prospect Capital is the only BDC investing in peer-to-peer lending. What’s it see that others do not?