27 April, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Time Warner Cable open to merger talks with Charter – sources
Exclusive: Time Warner Cable open to merger talks with Charter – sources
Friendly negotiations between the two companies would be in sharp contrast to their acrimonious exchanges in 2013 and early 2014 that ended with Time Warner Cable rejecting unsolicited approaches by Charter and instead finding a white knight in Comcast. While Charter has yet to make a formal offer, Time Warner Cable believes its smaller peer may be willing to make a bid that is more attractive compared with its takeover attempt two years ago, the people said.
27 April, 2015 by The TZ Newswire Staff Comments Off on Petrobras writedown may give new ammunition to class-action suit
Petrobras writedown may give new ammunition to class-action suit
Brazilian oil company Petrobras’ $17 billion write-down, announced last week, may have been meant to close the accounting on a sprawling corruption scandal, but could instead provide fresh ammunition for a U.S. class action lawsuit. The case, filed in Manhattan federal court in December by a group of large investors, alleges $98 billion of the company’s American depository shares, or ADRs, and bonds were artificially inflated since 2010 by the company overstating the value of assets such as major projects. Petrobras has moved to have the case dismissed.
27 April, 2015 by The TZ Newswire Staff Comments Off on Mylan says Teva offer too low; criticizes stock, growth prospects
Mylan says Teva offer too low; criticizes stock, growth prospects
Teva, the world’s biggest maker of generic drugs, quickly responded to Mylan’s refusal with word that it was “fully committed” and would move forward with the $82 per share cash and stock offer. Teva said it had begun the regulatory approval process and that it expects to complete a deal by the end of 2015. The company will meet with Mylan shareholders this week, according to sources familiar with the situation.
27 April, 2015 by The TZ Newswire Staff Comments Off on Microsoft phones infringe patents: U.S. International Trade Commission judge
Microsoft phones infringe patents: U.S. International Trade Commission judge
Microsoft Corp (MSFT.O) lost a round in a potentially costly patent battle when a U.S. International Trade Commission judge on Monday found that the software giant used InterDigital Inc’s technology in its mobile phones without permission. The judge, Theodore Essex, said that Microsoft infringed two wireless cellular patents owned by InterDigital (IDCC.O), a patent licensor, and said it would not be against the public interest to ban the Microsoft devices from being imported into the United States.
27 April, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Deutsche’s radical revamp foiled by ECB stress test
Exclusive: Deutsche’s radical revamp foiled by ECB stress test
Deutsche Bank, Germany’s biggest lender, has spent much of this year looking at ways of reconfiguring its business to boost returns and had narrowed the choice to two possible models. The bank’s co-chief executives, Anshu Jain and Juergen Fitschen, originally favored shedding its entire retail business and becoming Europe’s answer to Goldman Sachs (GS.N), sources familiar with internal discussions told Reuters.
27 April, 2015 by The TZ Newswire Staff Comments Off on Tokyo Electron shares sink after takeover by Applied Materials scrapped
Tokyo Electron shares sink after takeover by Applied Materials scrapped
Tokyo Electron Ltd shares plunged 15 percent on Tuesday to a six-month low after U.S. regulatory opposition forced the scrapping of its planned takeover by U.S.-based Applied Materials Inc . The all-share …
27 April, 2015 by The TZ Newswire Staff Comments Off on DuPont open to last-minute settlement talks with activist: sources
DuPont open to last-minute settlement talks with activist: sources
DuPont’s (DD.N) board is open to a negotiated settlement with activist Trian Fund Management in the run-up to the company’s annual shareholder meeting in May, sources close to the matter said on Monday. Despite the stalemate between the chemical conglomerate and the New York-based fund, DuPont’s “doors are not barred for something reasonable,” one of the sources said. On Monday, U.S. proxy advisory firm ISS recommended that DuPont shareholders vote in favor of Trian co-founder Nelson Peltz joining the company’s board, a shot in the arm for the activist investor ahead of voting on May 13.