Tag Archives: puts

Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block – sources

HONG KONG (Reuters) – U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said. Shanghai Pharmaceutical Holding Co Ltd, China Resources Pharmaceutical Group Ltd and Sinopharm Group Co Ltd are… Read More »

Scotland puts bid for second independence vote on hold

Scotland’s devolved government has shelved its immediate plans to hold a second independence referendum until after the terms of Britain’s exit from the United Kingdom are clear, First Minister Nicola Sturgeon said on Tuesday. The Scottish parliament in March backed Sturgeon’s bid to hold a new referendum in 2018 or early 2019, but British Prime Minister Theresa May… Read More »

France’s Fillon puts down rebellion but lawmakers nervous

Francois Fillon faced down a rebellion by lawmakers in his centre-right party on Tuesday, but the revolt exposed a shaky confidence inside his camp as he tries to draw a line under a scandal that could derail his bid to win power. With Fillon’s election campaign once again distracted by the fallout from allegations surrounding taxpayer money he… Read More »

Britain’s struggling Co-operative Bank puts itself up for sale

Britain’s Co-operative Bank, rescued from the brink of collapse by a group of hedge funds in 2013, has put itself up for sale after struggling to meet regulatory capital requirements. The bank said on Monday that it had made considerable progress implementing a turnaround plan, cutting its cost base by a fifth since 2014, but it still expects… Read More »

Sky bid puts independent directors under pressure

Sky’s independent directors are under mounting pressure to secure a higher bid from Rupert Murdoch for the 61% stake in the satellite broadcaster it does not own. On Friday, 21st Century Fox announced a possible bid for Sky priced at £10.75 a share, valuing the company at £18.5bn. Investors are concerned that James Murdoch is both chairman of… Read More »

Intel moves beyond x86, puts 64-bit ARM processor in new FPGA chip

It seems like the chip war between Intel and ARM is slowly winding down, at least for the time being. Intel for decades has doggedly sworn by chips based on its homegrown x86 architecture, but the company is putting a 64-bit ARM processor in its new Stratix 10 FPGA (field-programmable gate array), which was announced on Tuesday. The… Read More »

PM Abe’s plan for $265 bln stimulus puts pressure on BOJ to ease

Japan’s prime minister unveiled a surprisingly large $265 billion stimulus package on Wednesday to reflate the world’s third-largest economy, adding pressure on the central bank to match the measures with monetary stimulus later this week. The earlier-than-expected announcement to boost the flagging economy sent Japanese and other Asian stock markets higher while it weighed on the safe-haven yen,… Read More »