Exclusive: Allergan in talks to acquire Shire, competing against Takeda – sources
(Reuters) – Botox maker Allergan Plc is in talks to acquire Shire Plc, competing against Japan’s Takeda Pharmaceutical Co Ltd for the London-listed drugmaker, two sources familiar with the matter said on Thursday.
ZTE woes may boost network rivals Ericsson and Nokia
STOCKHOLM/LONDON (Reuters) – Investors are warming to beleaguered mobile network makers Ericsson and Nokia as they begin to recover ahead of a once-a-decade uplift from a new business cycle and an unexpected boost from a U.S. ban on exports to low-cost…
Wall St. eyes lower opening as chip stocks, Apple drop
(Reuters) – Wall Street was on track to open lower on Thursday dragged by declines in chip stocks following a weak forecast from Taiwan Semiconductor, the world’s largest contract chipmaker.
Lyft to offset emissions from rides with projects combating climate change
SAN FRANCISCO (Reuters) – Lyft Inc is launching a program on Thursday to offset emissions from the 1.4 million cars that drive for the U.S. ride-hailing service by investing in projects to reduce other sources of greenhouse gas, the company said.
Takeda in talks with Shire after $61 billion bid rejected
LONDON/NEW YORK (Reuters) – Japan’s Takeda Pharmaceutical is in negotiations with Shire after making a third takeover bid worth around $61 billion that was rejected by the London-listed rare diseases drugmaker.
P&G earnings beat as struggling retailers, costs eat into margins
(Reuters) – The world’s largest consumer goods maker Procter & Gamble Co narrowly beat quarterly earnings expectations on Thursday, saying shrinking retailer inventories and higher commodities and transportation costs squeezed margins.
Venture capital firm Fort Ross aims to bring more U.S. startups to Russia
SAN FRANCISCO (Reuters) – A venture capital firm aiming to bring more U.S. startups to Russia has raised a $200 million fund, hoping to use the fresh pool of money to help Silicon Valley companies deliver their services to Russia’s biggest corporations…
Exclusive: China looks to speed up chip plans as U.S. trade tensions boil – sources
BEIJING (Reuters) – China is looking to accelerate plans to develop its domestic semiconductor market amid a fierce trade stand-off with the United States and a U.S. ban on sales to Chinese phone maker ZTE that has underscored the country’s reliance on…
Oil climbs on Saudi price ambitions and U.S. stocks draw
LONDON (Reuters) – Oil prices kept rising to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters that top exporter Saudi Arabia aims to push prices even higher.
Takeda makes $61 billion bid for drugmaker Shire: sources
LONDON (Reuters) – Takeda Pharmaceutical has made a bid for Shire that values the London-listed drugmaker at around $61 billion, two sources with direct knowledge of the matter told Reuters.
