Markets
Defence firm Thales makes US$5.6B all-cash pitch for Gemalto
The unanimously board approved all-cash offer represents a premium of 57% over the closing price of Gemalto stock as of 8 December 2017. The integration of Gemalto strongly accelerates this strategy, reinforcing Thales's digital offering, across its five vertical markets (aeronautics, space, ground transportation, defence and security). [Full Article...]
Hunter Harrison, CEO of railroad company CSX, dead at 73
Hunter Harrison was recently made the CEO of CSX railroad after a long history of successes in the railroad industry that started in 1963 when the then 19-year-old was squirting oil under train carriages for the St. 13. In 2015, health complications that followed leg surgery forced him to take a break from his CEO duties at Canadian Pacific Railway Ltd. While the turnaround plan went over well w... [Full Article...]
Automatic pension saving to begin at 18
It is estimated the changes outlined in the review will deliver an additional £3.8 billion of pension contributions, taking the total to £24 billion per year. "In the past this has been a recipe for dashed expectations", she said. The proposals will cost employers an extra £1.4bn a year, and the government an extra £600m in tax relief a year. [Full Article...]
American Electric Power (AEP) Stock Rating Upgraded by Morgan Stanley
Silchester International Investors Llp who had been investing in Korea Electric Pwr for a number of months, seems to be bullish on the $22.13 billion market cap company. Van Den Berg Mngmt I has 2.34% invested in Schlumberger Limited (NYSE:SLB) for 287,602 shares. Vantage Investment Advisors LLC boosted its stake in American Electric Power by 0.9% in the second quarter. [Full Article...]
Hershey buying snack maker Amplify in $1.2 billion deal
Hershey, which rejected a $23 billion bid from Oreo cookie owner Mondelez International Inc ( MDLZ.O ) in June last year, said it expects to save $20 million over the next two years through the Amplify deal. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink . Macquarie Group Ltd. boosted its position in Amplify Snack Brands by 3.0% during the 2... [Full Article...]
Toyota, Panasonic Consider Joint Development Of Electric Vehicle Batteries
Toyota revealed that the bulk of the increase in its non-traditional vehicle production over the next decade or so would be centred on hybrid electric vehicles and plug-in hybrid electric vehicles, making up 4.5 million of the 2030 sales target. [Full Article...]
International Business Machines' (NYSE:IBM) "Buy" Rating Reaffirmed at Tigress Financial
About 974,067 shares traded or 22.47% up from the average. S&P Research maintained International Business Machines Corporation (NYSE:IBM) rating on Wednesday, October 21. The company was maintained on Tuesday, February 16 by Wedbush. The firm has "Overweight" rating by Morgan Stanley given on Thursday, March 31. The institutional investor held 6.45M shares of the prepackaged software company at th... [Full Article...]
Amazon Prime may be investigated after late delivery complaints
The advertising watchdog is set to investigate a series of complaints about Amazon's Prime delivery service after customers reported feeling "duped" when packages failed to arrive on time. But failing to meet this commitment to paying customers can be a breach of contract and potentially be seen as false advertising due to arguably misleading customers. [Full Article...]