24 August, 2014 by The TZ Newswire Staff Comments Off on Roche to buy U.S. biotech firm InterMune for $8.3 billion
Roche to buy U.S. biotech firm InterMune for $8.3 billion
LONDON/ZURICH (Reuters) – Roche Holding AG (ROG.VX) has agreed to buy U.S. The Swiss drugmaker said on Sunday it would pay $74.00 a share through a tender offer for InterMune, representing a premium of 38 percent to the closing price on Aug. 22. The sale of InterMune will not come as a huge surprise to investors as people familiar with the matter said on Aug. 13 that InterMune was working with financial advisers to evaluate strategic options, due to takeover interest from big drugmakers.
24 August, 2014 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Strong earthquake shakes Northern California
The Wall Street Journal: Strong earthquake shakes Northern California
A powerful earthquake centered in the Northern California wine country hits a broad area early Sunday morning, buckling roads and knocking out power for thousands of residents.
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24 August, 2014 by The TZ Newswire Staff Comments Off on Roche to purchase InterMune in $8.3 billion deal
Roche to purchase InterMune in $8.3 billion deal
Biotech firm Roche announced plans Sunday to buy InterMune for $8.3 billion on a fully diluted basis in an all-cash transaction.
24 August, 2014 by The TZ Newswire Staff Comments Off on India, Pakistan Intensify Shooting Across Border; Iran Downs Israel Drone; ISIS Seizes Military Airport
India, Pakistan Intensify Shooting Across Border; Iran Downs Israel Drone; ISIS Seizes Military Airport
Since in the New Normal no geopolitical events appear to have any adverse impact on risk and asset prices (because the central banks are always there to protect investors should the market “plunge” by say 5%) with general newsflow completely irrelevant on what has been a straight line up in the S&P since the announcement of QE4 in December 2012, one might as well see how much further geopolitical events can be pushed further before it all crashes.
In other words, time for this weekend’s geopolitical update.
24 August, 2014 by The TZ Newswire Staff Comments Off on Economic Preview: Double-sided U.S. economy: Sharp in some areas, dull in others
Economic Preview: Double-sided U.S. economy: Sharp in some areas, dull in others
The U.S. has a double-sided economy: Many industries are experiencing more rapid growth and an array of indicators suggest the U.S.
24 August, 2014 by The TZ Newswire Staff Comments Off on NewsWatch: Durable goods in focus as capital spending signal
NewsWatch: Durable goods in focus as capital spending signal
A jump in durable goods numbers this Tuesday could signal a long-awaited return to aggressive capital-expenditure spending as companies seek a competitive edge after years of boosting earnings through cost cutting.
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24 August, 2014 by The TZ Newswire Staff Comments Off on 3 Reasons SodaStream International Ltd’s Stock Could Fall
3 Reasons SodaStream International Ltd’s Stock Could Fall
SodaStream’s good fortune evaporated during the past year, and there’s reason to believe things could get worse.