22 March, 2015 by The TZ Newswire Staff Comments Off on China to reap Alibaba windfall as tightens up on tax
China to reap Alibaba windfall as tightens up on tax
China could make billions of dollars from taxing gains made by employees of e-commerce giant Alibaba Group (BABA.N) who are free to sell their shares for the first time since its IPO, as the country tightens up its leaky mechanisms for tax collection. The total lock-up represents roughly 18 percent of Alibaba’s shares, which if sold would fetch just over $37 billion at Friday’s closing price.
22 March, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: ChemChina makes bid to buy controlling stake in Pirelli
The Wall Street Journal: ChemChina makes bid to buy controlling stake in Pirelli
China National Chemical and other investors are making a bid for Pirelli that could value the Italian tire manufacturer at around $7.7 billion — one of the largest overseas acquisitions by a Chinese state firm in recent years.
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22 March, 2015 by The TZ Newswire Staff Comments Off on Why Amazon is overvalued: Analyst
Why Amazon is overvalued: Analyst
Amazon is overvalued, according to Alexis Dawance, head of equities at MFM Mirante. He tells CNBC the reasons behind his call.
22 March, 2015 by The TZ Newswire Staff Comments Off on Propagandists Use Automated Software to Spread Disinformation
Propagandists Use Automated Software to Spread Disinformation
Rampant Disinformation
NATO has announced that it is launching an “information war” against Russia.
The UK publicly announced a battalion of keyboard warriors to spread disinformation.
22 March, 2015 by The TZ Newswire Staff Comments Off on ChemChina to buy Italian tire maker Pirelli in $7.7 billion deal
ChemChina to buy Italian tire maker Pirelli in $7.7 billion deal
China National Chemical Corp (ChemChina) is to buy Pirelli (PECI.MI), the world’s fifth-largest tire maker, in a 7.1 billion euro ($7.7 billion) deal that will place one of the symbols of Italy’s manufacturing industry in Chinese hands. The deal agreed with Pirelli shareholders on Sunday is the latest in a string of takeovers in Italy by cash-rich Chinese buyers, who can take advantage of a weak euro just as signs emerge that Europe is coming out of economic stagnation.
22 March, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Biogen shortens name, expands ambitions in Alzheimer’s, ALS
Exclusive: Biogen shortens name, expands ambitions in Alzheimer’s, ALS
Biogen Idec Inc has seen its market value quadruple in three years to more than $100 billion on the back of its successful multiple sclerosis drugs. The Massachusetts-based company, which made headlines last week when it announced better-than-expected clinical trial results for its experimental Alzheimer’s drug, aducanumab, said that it will drop Idec from its name as of Monday and adopt a new logo. Chief Executive George Scangos says that going forward he will keep Biogen focused on developing drugs for some of the hardest-to-treat diseases.
22 March, 2015 by The TZ Newswire Staff Comments Off on Exclusive: CN Rail derailment numbers soared before recent crashes
Exclusive: CN Rail derailment numbers soared before recent crashes
Canadian National Railway’s (CNR.TO) safety record deteriorated sharply in 2014, reversing years of improvements, as accidents in Canada blamed on poor track conditions hit their highest level in more than five years, a Reuters analysis has found. Canada’s Transportation Safety Board (TSB) said on Tuesday that track failure may have played a role in CN’s three recent Ontario accidents, which have fueled calls for tougher regulation.