Markets
PPG retreats from AkzoNobel buyout attempt
Dulux owner Akzo had rejected three takeover bids from PPG, forcing the United States giant to either attempt a hostile takeover or throw in the towel. PPG had considered taking its offer hostile. Under Dutch takeover rules, PPG had to submit a firm offer for Akzo Nobel by Thursday or walk away for at least six months. [Full Article...]
House panel issues subpoenas for Flynn, others
Representatives of the committee would not comment on the report. No hearing date was set for Comey's testimony, which is likely to focus on reports that Comey filed an internal memo in mid-February saying that Trump had asked him to ease up the FBI investigation of Flynn. [Full Article...]
British Airways Board to Demand Independent Inquiry Into IT Outage
Various comments from data centre experts and our own knowledge of levels of protection modern data centres have against power surges and outages, such as backup power supplies, surge protection and several uninterruptible power supplies (UPS) providing multiple levels of redundant systems should a UPS fail, make us question how robust BA's data centre architecture and design is given how its back... [Full Article...]
AstraZeneca plc (AZN) PT Lowered to GBX 4200
Peel Hunt maintained it with "Hold" rating and GBX 892 target in Tuesday, November 17 report. The rating was maintained by Numis Securities on Wednesday, December 7 with "Buy". They now have a GBP 495.00p price target on the stock. 17/03/2017 - Anglo American had its "Hold" rating reiterated by analysts at Deutsche. They now have a GBP 445.00p price target on the stock. [Full Article...]
Stock Ballooning Up Pre-Bell: Ciena Corporation (NYSE:CIEN)
Ciena Corporation ( CIEN ) reported sales (ttm) of 2.65 Billion, whereas, 20 number of analysts estimated the mean sale of 695.34 million. Aperio Group LLC boosted its stake in shares of Ciena by 3.4% in the third quarter. COPYRIGHT VIOLATION NOTICE: "State Treasurer State of Michigan Acquires 1,300 Shares of Ciena Co . (CIEN)" was originally published by Markets Daily and is the property of of M... [Full Article...]
Philippine airstrike kills 11 soldiers in 'friendly fire'
They are two Malaysians, two Indonesians, two Saudi Arabians, a Yemeni and a Chechen, Lorenzana said in a regular press briefing in Malacañang. "Maybe we need more armored vehicles", said Lorenzana, adding that 21 armored vehicles were recently brought to Marawi. [Full Article...]
Ulster's Lions set to roar in Tour opener
But Lions head coach Warren Gatland believes his squad are ready for the 10-match tour, and Warburton agrees. "The government should step in and introduce what happens in Britain and Australia where enlightened governments have stipulated certain sports must have free live broadcasts", says Mr Peters. [Full Article...]
Sterling drops on fears Tories could fail to win an outright majority
Sterling hits a 6-week low on fears the conservatives won't win a majority in the election and face a hung parliament . JPMorgan analysts suggested in a research note published Friday that sterling would most likely rise in the immediate aftermath of a Corbyn victory, whereas Nomura researchers argued it was more likely investors would sell the United Kingdom currency, leading to an immedia... [Full Article...]