Chinese telecom gear maker Huawei is among the companies mentioned in the Reuters report. The report also quoted a spokesman saying Huawei has no plans to invest in Alcatel.
ADRs of Alcatel-Lucent (ALU) are higher after Reuters, citing information from traders reported a takeover bid may be coming from a Chinese telecom company.
Health care shares are lower in mid-session trading while AstraZeneca (AZN) continues to take steps to settle lawsuits over its Seroquel drug. ADRs of AstraZeneca are down on a Bloomberg report the drug maker paid $150 million to
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Financial shares are mixed in mid-session trading while Goldman Sachs (GS) makes a move to comply with the Volcker rule. Shares of Goldman Sachs are higher after Bloomberg reported that it will shut its Global Macro Proprietary Tr
Deutsche Telekom (DTEGY) could be closer to a deal to purchase wireless spectrum from Clearwire Corp. (CLWR), Bloomberg reports, citing two people who are familiar with the matter. Clearwire has warned investors it needs cash.
Novo Nordisk (NVO) ADRs are down after the company said it had signed a deal with Emisphere Technologies (EMIS) to use that firm's technology to develop an oral insulin pill, according to a company statement. Currently, there are
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...