Roche looks to alternatives after bid snub April 22, 2012 SWISS drugmaker Roche is looking for alternatives after it dropped a $6.8bn (£4.22bn) hostile offer for genetic specialist Illumina, a German newspaper reported yesterday. Roche is talking to the research centres of three large universities about buying their gene sequencing technology, Der Sonntag newspaper reported, without citing its sources. Roche walked away from its bid [...]
IBM buys software firm September 1, 2011 IBM has agreed to buy Toronto-based risk analytics software firm Algorithmics for $387m (£240m) in cash to enhance its financial services capabilities. The computing giant said the deal, which is expected to close before the end of October, expands its business analytics capabilities by helping clients manage financial risk. Algorithmics’ risk analytics software, content and [...]
CITY MOVES WHO’S SWITCHING JOBS April 1, 2012 Essar Energy The India-focused integrated energy company has announced that it has appointed Steve Lucas as its fifth non-executive director with immediate effect. Lucas was finance director at the power and transmission network operator National Grid from 2002 to 2010 and has significant experience in the international energy sector. Prior to his position at National [...]
CITY MOVES WHO’S SWITCHING JOBS April 1, 2012 Essar Energy The India-focused integrated energy company has announced that it has appointed Steve Lucas as its fifth non-executive director with immediate effect. Lucas was finance director at the power and transmission network operator National Grid from 2002 to 2010 and has significant experience in the international energy sector. Prior to his position at National [...]
IBM buys British analytics firm August 31, 2011 IBM has agreed to buy British security analytics software firm i2 for an undisclosed sum, it said yesterday, as it continues to devour companies that can help its clients deal with growing mountains of data. Privately held i2, which says its software helped US forces track down former Iraqi leader Saddam Hussein, is based in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 11, 2012 FINANCIAL TIMES SEC LAUNCHES EXCHANGE PROBE The US market regulator has launched a broad investigation into whether exchanges favour large trading companies at the expense of smaller customers. The enforcement inquiries emerged from examinations by the Securities and Exchange Commission of how exchange operators, some of which also regulate their customers, manage conflicts of interest [...]
Biggest gains in a month on strong profits April 17, 2012 US stocks scored their biggest gains in a month yesterday after Coca-Cola led a round of strong earnings and as concerns about Europe’s debt crisis eased as Spanish bond yields fell. Apple shares ended a five-day losing streak with a rally of 5.1 per cent, helping the Nasdaq Composite close above 3,000. The stock closed [...]
Yahoo chair follows trail of bosses out the door February 7, 2012 YAHOO chairman Roy Bostock and three other directors last night said they would step down as the struggling company ploughs ahead with its overhaul, including a possible disposal of its stakes in Alibaba Group and Yahoo Japan. The group last night said it has appointed IBM veteran Alfred Amoroso and ex-eBay chief operating officer Maynard [...]
IBM trounces forecasts with 8pc profit rise July 18, 2011 TECH giant IBM’s quarterly profit rose eight per cent from a year earlier, beating Wall Street forecasts, buoyed by strong growth in sales of its computers and software. The world’s biggest maker of mainframe computers reported second-quarter net income of $3.66bn (£2.88bn), or $3.00 per share, compared with $3.39bn, or $2.61 per share, a year [...]
Beat Europe’s economic blues by setting sights upon a brighter future March 4, 2012 MONEY, as they say, makes the world go around. Capital drives innovation and as success begets success the fruits of previous endeavours are ploughed into products and services of future creative destruction. Silicon Valley is the modern pinnacle of this virtuous cycle of money, brains and optimism. It’s all too easy to compare our failings [...]