European shares closed lower on Thursday with investors reacting to quarterly earnings and some disappointing data from the euro zone.» Read More
*Deutsche Telekom, Bouygues, Iliad up on M&A talk. Deutsche Telekom was the top gainer among European blue-chips. It rose 1.9 percent on talk Sprint Corp has approached banks to work out funding for its bid for T-Mobile US Inc, which is majority-owned by the German telecom operator.
*Astrazeneca rejects Pfizer's raised bid of $106 bln. The payrolls gain of 288,000 was the largest since January 2012 and beat Wall Street's expectations for an increase of just 210,000..
AstraZeneca's board rejected a $106.5 billion bid from predator Pfizer just hours after it was received, arguing that it is too low.
AstraZeneca has rejected Pfizer's sweetened bid claiming it undervalues the company. The "Squawk on the Street" news team shares their thoughts on the latest bid and the U.S. tax code.
U.S. stock index futures pointed to a slightly higher open on Wall Street, ahead of the government’s all-important non-farm payrolls jobs report.
LONDON, May 2- Britain's government said it was considering whether reassurances made by Pfizer over its potential takeover of AstraZeneca offered sufficient protection to maintain the country's life sciences sector and related jobs.
*Russia, Ukraine assets fall as crisis escalates. LONDON, May 2- Global markets traded cautiously on Friday, with uncertainty ahead of U.S. employment figures and tensions in Ukraine pushing the yield on 10- year German Bunds to the lowest in a year and leaving shares treading water. April non-farm payrolls report, due at 1230 GMT.
*Astrazeneca rejects Pfizer's raised bid of $106 bln. NEW YORK, May 2- U.S. stock index futures were little changed Friday on caution ahead of the key U.S. nonfarm payrolls report for April.
Some of the names on the move ahead of the open.
*AstraZeneca board rejects sweetened 50 stg/ shr offer. LONDON, May 2- U.S. drugmaker Pfizer Inc increased its offer for AstraZeneca Plc to 63 billion pounds on Friday, but the British company promptly rejected the proposal, which would create the world's biggest pharmaceuticals company.
*Deutsche Telekom rises on T-Mobile US bid speculation. The euro zone's blue-chip Euro STOXX 50 index dipped 0.3 percent to 3,187.72 points. Both the FTSEurofirst 300 and the Euro STOXX 50 have gained more than 2 percent since the start of 2014..
*AstraZeneca board rejects sweetened 50 stg/ shr offer. LONDON, May 2- U.S. drugmaker Pfizer Inc raised its offer for AstraZeneca Plc to 63 billion pounds on Friday, but the British company promptly rejected the proposal, which would create the world's biggest pharmaceuticals company.
LONDON, May 2- AstraZeneca's board said on Friday it had rejected an improved $106 billion takeover offer from U.S. drugmaker Pfizer, saying the bid which was announced just hours ago undervalued the firm.
LONDON, May 2- Global markets traded cautiously on Friday as uncertainty ahead of U.S. employment figures and tensions in Ukraine pushed the yield on 10- year German Bunds to their lowest in a year. That, and an escalation in violence in eastern Ukraine between government forces and pro-Russian separatists, weighed on investor sentiment.
*Dt Telekom rises on T-Mobile US bid speculation. The euro zone's blue-chip Euro STOXX 50 index dipped 0.3 percent to 3,188.48 points. On Friday, Deutsche Telekom rose 1.9 percent, after Reuters reported that U.S. rival Sprint had met with banks ahead of a planned bid for T-Mobile US, which is 67 percent owned by Deutsche Telekom.
LONDON, May 2- The British government said it had pressed U.S. company Pfizer to commit to British jobs and research in its bid for AstraZeneca, but the decision on whether the British group will be sold was a matter for its shareholders.
LONDON, May 2- Shares in Astrazeneca rose 0.4 percent to 48.31 pounds in early trading on Friday after Pfizer raised its offer for the British company to 50.00 pounds per share.
LONDON, May 2- AstraZeneca's board will be reviewing a sweetened takeover offer from Pfizer but the company has no further comment at this stage, a spokeswoman for the British drugmaker said on Friday.
LONDON, May 2- U.S. drugmaker Pfizer has raised its offer for AstraZeneca to 63 billion pounds, it said on Friday, adding that the British drugmaker was reviewing the proposal.
LONDON, May 2- U.S. pharmaceutical group Pfizer Inc has told Prime Minister David Cameron it will retain British jobs and a planned scientific research hub in Cambridge if it succeeds in its bid to take over rival AstraZeneca.