Business News

avago-bcm-052815.jpgAvago Technologies Ltd. will acquire Broadcom Corp. for $37 billion in cash and stock, the two chipmakers said Thursday. The deal marks further consolidation in the semiconductor industry as rising costs and weak revenue growth force chipmakers to combine. Avago also reported a profit for the second quarter that more than doubled from last year. Earnings per share beat analysts' estimates.

FDA Approves Pfizer's Rapamune To Treat Very Rare Lung Disease LAM

The U.S. Food and Drug Administration approved Rapamune (sirolimus), to treat lymphangioleiomyomatosis or LAM, a rare, progressive lung disease that primarily affects women of childbearing age. Rapamune is made by Wyeth Pharmaceuticals, Inc., a subsidiary of Pfizer, Inc. (PFE), Philadelphia, Pennsylvania....

ATA Q4 Loss Widens - Quick Facts

ATA Inc. (ATAI), a provider of advanced testing technologies and testing-related services in China, reported that its net loss for fourth quarter 2015 widened to RMB15.0 million or US$2.4 million, from RMB13.4 million in fourth quarter 2014. Loss per ADS were RMB0.66 or $0.10, compared to a loss of RMB0.60...

UK Consumer Confidence Index Eases In May - GfK

An index measuring consumer confidence in the United Kingdom decreased in May, after a 12-year high in the previous month, as all five measures contributed negatively to the index, the latest survey from GfK showed on Friday. The consumer confidence index fell 3 points to +1 from +4. Economists had...

Australia Apr Private Sector Credit +0.3% On Month, +6.1% On Year


Valley Financial Shareholders Approve Acquisition By BNC Bancorp

L-3 Acquires CTC Aviation Group For £143 Mln

Net 1 UEPS Technologies Buys 43.88% Interest In Transact24


Veeva Systems Inc. (VEEV) Is Pulling Back Despite Q1 Earnings Report

Veeva Systems Inc. (VEEV) reported first quarter non-GAAP EPS of $0.12 after the bell Thursday, compared to $0.07 a year ago. Analysts expected EPS of $0.10. The company expects to report second quarter non-GAAP EPS of $0.11 and between $0.45 and $0.46 for the full year. The consensus estimates are for...

IPO Watch: Snapchat Plans To Go Public

Snapchat Inc.'s founder and CEO Evan Spiegel disclosed that the ephemeral messaging service is preparing for an initial public offering. However, he did not provide details on the timing of the IPO. Spiegel added that his company, which had rebuffed Facebook Inc.'s $3 billion takeover bid in 2013, was not interested in attracting any more takeover offers.

Salesforce.com To Present At BMO Capital Conference ; Webcast At 7:30 PM ET

Salesforce.com Inc. (CRM) will present at BMO Capital hosted bus tour in San Francisco, CA. The event is scheduled to begin at 7:30 PM ET on May 28, 2015. To access the webcast, log on to www.salesforce.com/investor
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