Modi's agenda during his visit to Japan is specifically on investment, not geopolitical concerns over China, says Taimur Baig, Chief Economist, Asia at Deutsche Bank.» Read More
April 4- Canadian private equity firm Onex Corp and Canada Pension Plan Investment Board said they would sell industrial conglomerate Gates Corp to private equity firm Blackstone Group LP for $5.4 billion.
April 4- Onex Corp and Canada Pension Plan Investment Board said they would sell Gates Corp to private equity firm Blackstone Group LP for $5.4 billion. Gates is a division of Tomkins, which Onex and CPPIB jointly bought in 2010 for about $5 billion. The sale is expected to close later this year, the companies said.
April 4- Oil and natural gas company Memorial Resource Development Corp filed with U.S. regulators on Friday to raise up to $700 million in an initial public offering of common stock. Citigroup was underwriting the IPO, Memorial Resource told the U. S Securities and Exchange Commission in a preliminary prospectus.
April 4- More Wall Street economists now believe the Federal Reserve will raise interest rates in the first half of 2015, as evidence builds that the U.S. economy has regained some momentum lost during an unusually rough winter, a survey showed on Friday.
April 4- Apple Inc has agreed to settle a year-old patent infringement lawsuit with Intertrust Technologies Corp, a software firm owned by a group that includes Sony Corp and Philips, according to court filings. Intertrust filed a lawsuit against Apple in March 2013 saying the iPhone maker infringed 15 patents relating to security.
April 4- Strong debuts of four new listings on Friday put a shine back on the IPO market after a wobbly debut last week by "Candy Crush Saga" maker King Digital Entertainment Plc brought a bustling market back to earth.
April 4- Halozyme Therapeutics Inc halted a mid-stage trial testing an advanced version of its flagship drug delivery technology in patients with pancreatic cancer, sending its shares tumbling 32 percent.
April 4- CarMax Inc, the largest used-car seller in the United States, reported lower-than-expected quarterly results, weighed down by tepid sales to subprime customers, indicating that the credit-fueled growth of recent quarters was slowing down.
*Morgan Stanley, Goldman among lead underwriters of IPO. April 4- Travel booking wholesaler Sabre Corp said it expected its initial public offering to be priced at $18- $20 each, valuing the owner of the Travelocity website at about $4.91 billion.
April 4- Amgen Inc said its experimental drug to treat a deadly form of skin cancer did not significantly improve overall survival rates in patients enrolled in a late-stage study.
April 3- Latino-focused cable network NUVOtv, backed by Jennifer Lopez, said its parent company SiTV Media Inc would buy Madison Square Garden Co's Fuse TV. As part of the acquisition, NUVOtv also plans to utilize Fuse's street front studio on Seventh Avenue in Manhattan- across from Madison Square Garden.
IMS Health's IPO raised about $1.30 billion after the offering was priced at $20 per share, above the midpoint of its expected price range of $18- $21 per share. IMS Health's shares opened at $22.18 and touched a high of $22.75 on the New York Stock Exchange on Friday.
April 4- Shares of GrubHub Inc, the biggest U.S online food-delivery service, rose as much as 57 percent in its market debut as investors scrambled for a piece of the fast-growing consumer internet company. GrubHub's shares opened at $40 and touched a high of $40.80 on the New York Stock Exchange on Friday, valuing the company at about $3.20 billion.
April 4- Amgen Inc said its experimental drug to treat a deadly form of skin cancer shrank tumors, but did not significantly improve overall survival rates in patients enrolled in a late-stage study.
IMS Health's IPO raised about $1.30 billion after the offering was priced at $20 per share, above the midpoint of its expected price range of $18- $21 per share. IMS Health's shares opened at $22.18 and touched a high of $22.75 on the New York Stock Exchange on Friday. JPMorgan Chase, Goldman Sachs and Morgan Stanley were lead underwriters to the offering.
April 4- Halozyme Therapeutics Inc said it had halted enrolment of patients and dosing of its cancer drug in a mid-stage trial for the treatment of pancreatic cancer, after the recommendation of an independent safety committee. The drugmaker's shares plunged about 32 percent to $7.88 in early trading.
*Deal could have created a $24 billion generic drugs group. STOCKHOLM, April 4- Sweden's Meda AB said on Friday it had rejected a takeover approach by U.S. generic drugmaker Mylan Inc, scuppering a potential deal to create a combined company worth around $24 billion.
April 4- CarMax Inc, the largest retailer of used cars in the United States, reported a higher quarterly revenue and said it had increased its share buyback program by $1 billion. CarMax, which also sells new cars, said used car sales rose 12 percent to 132,856 in the fourth quarter ended Feb. 28.
April 4- Moelis& Co, the advisory firm set up by veteran investment banker Ken Moelis, said it expects to price its initial public offering of 7.3 million Class A shares at between $26 and $29 per share, valuing the firm at up to $1.50 billion. The firm was founded in March 2007 after Ken Moelis left UBS.
April 4- CarMax Inc, the largest retailer of used cars in the United States, reported a 9 percent jump in quarterly revenue as easier availability of credit helped more Americans buy cars. CarMax's net income fell to $99.2 million, or 44 cents per share, in the quarter, from $107.2 million, or 46 cents per share, a year earlier.