Hewlett Packard Enterprise In Advanced Talks To Buy Cray: Bloomberg

Hewlett Packard Enterprise Co (HPE) is in advanced talks to buy supercomputer maker Cray Inc, the Bloomberg reported, citing people with knowledge of the matter. The report specified that the deal could be announced as soon as this week, adding that no final agreements have been reached and it could still be delayed. HPE spokeswoman declined to comment and Cray […]

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Life, liberty and the pursuit of oil

Iran’s oil production cut drastically by US sanctions: ClearView Energy managing partner ClearView Energy managing partner Kevin Book on the rising tensions between the United States and Iran. In this crazy world that we live in, it is almost impossible to believe that talk of socialism is even on the table. Capitalism is what our country really is all about. […]

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Thermo Fisher To Buy GSK’s API Manufacturing Site In Cork, Ireland For €90 Mln

Thermo Fisher Scientific Inc. (TMO) on Thursday announced that it has entered into a definitive agreement to acquire a drug substance manufacturing site in Cork, Ireland, from GlaxoSmithKline plc (GSK,GSK.L) for approximately 90 million euros in cash. The Cork site has more than 400 employees and produces highly specialized active pharmaceutical ingredients or APIs for treating diseases including childhood cancer, […]

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Euromoney profit down against tough comparable

Euromoney Institutional Investor PLC (ERM.LN) said Thursday that pretax profit for the first half of fiscal 2019 fell 59% as year-earlier figures were boosted by the sale of its Dealogic stake, but that underlying earnings grew. For the six months ended March 31, the business-information provider made a pretax profit of 49.3 million pounds ($63.5 million) compared with GBP121.1 million […]

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Assicurazioni Generali net profit jumps

Assicurazioni Generali SpA’s (G.MI) first-quarter net profit rose 28%, boosted by growing operating results and sales of businesses. Net profit for the period was 744 million euros ($833.5 million) compared with EUR581 million a year earlier, the Italian insurer said Thursday. Its operating profit grew 6.9% on year, with a positive performance in the life segment, the property-and-casualty business and […]

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Bouygues swings to net loss, revenue grows

Bouygues SA (EN.FR) said Thursday that it swung to a loss in the first quarter of 2019 while revenue grew, and confirmed its 2019 guidance. The French industrial conglomerate made a net loss of 59 million euros ($66.1 million), compared with a restated net profit of EUR14 million a year earlier, it said. Bouygues mainly attributed the decline to a […]

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Murugappa Group’s capex plan on track

Balance ₹1,250 cr. of planned capital expenditure to largely go into capacity expansion of group firms City-based Murugappa Group has registered a 12% growth in its turnover to ₹36,893 crore for the year ended March 2019 from ₹33,079 crore in the preceeding year. Net profit for FY19 grew 18% to ₹2,880 crore. The group debt-equity ratio improved to 0.62 from […]

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Dewan Housing tanks 8% after Care downgrade

Cites delay in finding strategic investor Shares of Dewan Housing Finance Corp. tanked close to 8% on Wednesday after Care Ratings downgraded several debt instruments from A to BBB+ and BBB-. DHFL stocks closed 7.74% lower to end the day at ₹107.95 while the broader indices were down 0.55%. NCDs downgraded Care Ratings on Tuesday, downgraded non-convertible debentures worth ₹17,655.12 […]

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RBI names R. Gandhi to Yes Bank board

The Reserve Bank of India has appointed its former Deputy Governor R. Gandhi as an additional director on the board of private sector lender Yes Bank with immediate effect. The appointment is for two years, that is till May 13, 2021, the bank told exchanges. Yes Bank had posted its first-ever quarterly loss of ₹1,507 crore in the March quarter […]

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