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  • Mitel Networks makes $540 mln offer for Shoretel Monday, 20 Oct 2014 | 8:18 AM ET

    Oct 20- Mitel Networks Corp, a provider of internet phone and video-conferencing services, said it offered to buy smaller peer Shoretel Inc for about $540 million. The company said Shoretel had rejected an earlier proposal and refused to engage with Mitel. The cash offer of $8.10 per share represents a 24 percent premium to Shoretel's closing price on Friday.

  • Oct 20- Canadian Pacific Railway Ltd said on Monday that it had ended talks to buy CSX Corp and that the two companies planned no further discussions, sending shares of the No. 3 U.S. railroad operator down more than 3 percent. Neither side had confirmed the talks, initially reported by the Wall Street Journal a week ago. However, analysts had said service problems...

  • Oct 20- Canada's Valeant Pharmaceuticals International Inc, embroiled in a bitter fight to take over Botox maker Allergan Inc, posted a better-than-expected quarterly profit, driven by demand for its skin, neuro and eye drugs. The company also raised its full-year adjusted earnings forecast to $8.22- $8.32 per share from $7.90- $8.10 per share to reflect its...

  • Marc Andreessen to quit eBay board Monday, 20 Oct 2014 | 7:59 AM ET

    Oct 20- EBay Inc said venture capitalist Marc Andreessen would quit its board, after the online retailer announced last month that it was spinning off its electronic payment unit, PayPal. Andreessen, who has been on the company's board for six years, said "now is the right time to step down," eBay said in a statement on Monday. Andreessen has been involved in a public war...

  • Oct 20- Halliburton Co, the world's No.2 oilfield services provider, reported a better-than-expected quarterly profit, helped by buoyant shale drilling activity in North America. Halliburton, which derives about half of its revenue from North America, also benefited from higher revenue in its international operations. Halliburton's revenue rose about 18...

  • Oct 20- International Business Machines Corp reported a 4 percent drop in quarterly revenue as client activity slowed in September, sending its shares down sharply in premarket trade. IBM's shares were down 7.3 percent at $168.73. IBM will pay Silicon Valley- based Globalfoundries $1.5 billion in cash over the next three years to take the chip operations off...

  • Oct 20- Hasbro Inc, the second-largest U.S. toymaker, reported a 43 percent jump in quarterly profit, helped by higher demand for its Transformers, Marvel and Stars Wars action figures in emerging markets such as Latin America and the Asia Pacific region. Sales of boys' toys, Hasbro's largest business, rose 22 percent to $478.5 million, helped by higher sales of Nerf...

  • Oct 20- NewLink Genetics Corp said it entered into a licensing agreement with Roche Holding AG to develop NewLink's cancer immunotherapy, making the Ebola vaccine developer eligible to receive over $1 billion in milestone payments. NewLink's shares jumped nearly 26 percent before the bell on Monday. Immunotherapies are a class of drugs designed to help the...

  • Oct 20- Specialty chemicals company Platform Specialty Products Corp said it will buy rival Arysta LifeScience Ltd from a company backed by private equity firm Permira for about $3.51 billion. The company said it expects the deal to immediately add to adjusted earnings per share. The deal is expected to be "highly complementary" to Platform's crop protection...

  • Sears has announced plans to raise a total of just over $2 billion this year and this is the third time in two months that Chief Executive Eddie Lampert, whose interests will take up their rights, has agreed to pump funds into the retailer. Lampert and his hedge fund, ESL Investments Inc, and affiliated funds together own 48.5 percent of Sears. Sears said this month...

  • Oct 20- Canadian Pacific Railway Ltd said on Monday that it had ended talks to buy No. 3 U.S. railroad operator CSX Corp.. The Wall Street Journal reported last week that Canadian Pacific had approached CSX about merging the two North American railroad operators, but that the offer had been rebuffed. Canadian Pacific said in a statement on Monday that there were no...

  • IBM posts 4 pct drop in quarterly revenue Monday, 20 Oct 2014 | 7:18 AM ET

    Oct 20- International Business Machines Corp reported a 4 percent drop in quarterly revenue, hurt by weak sales in its software and services businesses. Total revenue fell to $22.4 billion in the third quarter ended Sept. 30 from $23.4 billion a year earlier. The world's largest technology services company's net profit from continuing operations fell to $3.46...

  • Oct 20- Halliburton Co, the world's No.2 oilfield services provider, reported a 70 percent rise in net income attributable to the company, helped by stronger drilling activity and demand for production services in North America. Halliburton on Monday also raised its quarterly dividend to 18 cents per share from 15 cents. Net income attributable to the company...

  • Oct 20- Hasbro Inc, the second-largest U.S. toymaker, reported a 43 percent jump in quarterly profit, helped by higher international sales, particularly in Latin America and the Asia Pacific region. Net income attributable to Hasbro rose to $180.5 million, or $1.40 per share, in the quarter ended Sept. 28, from $126.6 million, or 96 cents per share, a year earlier.

  • Sears to raise up to $625 mln through notes offering Monday, 20 Oct 2014 | 6:42 AM ET

    Oct 20- Struggling retailer Sears Holdings Corp said it would raise up to $625 million through a rights offering of senior notes due 2019 and warrants to buy shares. Sears Chief Executive Eddie Lampert and his hedge fund, ESL Investments Inc and certain affiliated funds, plan to exercise their rights, the company said in a statement. Sears said this month that it...

  • Yahoo set to outline cost-cutting efforts - WSJ Monday, 20 Oct 2014 | 12:54 AM ET

    Oct 20- Yahoo Inc is expected on Tuesday to outline cost-cutting efforts and give details of how it is evaluating possible acquisitions as it faces pressure from an activist investor, the Wall Street Journal reported, citing a person who was briefed on the plan. Yahoo is considering acquiring one or more large technology startups with some of the $5.8 billion it...

  • Oct 19- IBM Corp has agreed to hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc, the Wall Street Journal reported, citing people familiar with the matter. IBM will pay Globalfoundries $1.5 billion to take the chip operations off its hands, WSJ said. IBM issued an advisory on Sunday saying it would make a "major business...

  • The $40 bln jet buying spree - IndiGo's big bet Sunday, 19 Oct 2014 | 6:06 AM ET

    *Size signals confidence India air travel to boom. *IndiGo is India's only profitable carrier. NEW DELHI/ PARIS, Oct 19- Almost four years ago a handful of people gathered in Airbus sales chief John Leahy's spacious country house outside Toulouse and argued long into the evening over curry and cigars.

  • India fuel reform puts diesel under market control Sunday, 19 Oct 2014 | 4:29 AM ET

    NEW DELHI— India freed diesel prices from government control Sunday while raising natural gas tariffs in the biggest-yet reform by Prime Minister Narendra Modi's government, as it aims to boost the country's economy and overhaul its energy sector. The decision on diesel targets one of India's costliest subsidies for one of the world's dirtiest fuels.

  • India politician jailed for graft freed on bail Saturday, 18 Oct 2014 | 8:01 AM ET

    The 65- year-old former film star walked out of a prison in the southern city of Bangalore. Jayalalitha was forced to step down as the highest elected official in the southern state of Tamil Nadu, after a Bangalore court last month found her guilty of possessing wealth disproportionate to her income. She was taken by car from the Bangalore prison to her home in...