International News - Page 30

Facebook may have missed a bigger opportunity by buying Whatsapp: What analysts say

In one of the largest acquisition in the tech space ever, Facebook has announced that it will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock. Is it a good deal?

How Sequoia, Jim Goetz have won big with Facebook buying WhatsApp

Sequoia Capital may have made as much as $3 billion from the sale of WhatApp to Facebook.

WhatsApp deal: BlackBerry shares surge even as Facebook gets a thumbs down

The deal sent shares in BlackBerry up as much as 9 percent in trading after the bell because it put a rough valuation metric around the smartphone maker's own BlackBerry Messaging service.

Am glad they chose to work with us: What Mark Zuckerberg said after acquiring WhatsApp

The Facebook CEO had this to say on his Facebook wall after the acquisition of Whatsapp.

Biggest tech deal ever: Facebook acquires WhatsApp for $19 bn

The deal translates to roughly 9 percent of Facebook's market value.

Cisco profits halve, revenue declines in second quarter

Cisco Systems reported another tough quarter, saying profits fell by more than half and revenue declined by nearly 8 percent.

Chinese automaker Dongfeng to invest $1.1 bn in Peugeot

Dongfeng said it and Peugeot will expand cooperation in technology, research and development, manufacturing and overseas distribution.

Generic drug maker Actavis shells out $25 bn for Forest Labs

The cash-and-stock deal, expected to close by mid-year, will give Actavis about $15 billion in combined revenue.

Drug safety: US FDA chief says Taj Mahal proves India committed on quality

The head of the US Food and Drug Administration (FDA) called for more collaboration among regulators to improve drug quality and safety as she wrapped up a visit to India after recent import bans on drugs from a handful of plants in the country.

Russia's trade ban on lacy underwear prompts 'freedom to panties' protests

On Sunday, 30 women protesters in Kazakhstan were arrested and thrown into police vans while wearing lace underwear on their heads and shouting "Freedom to panties!"<br />

China draws $10.7 bn FDI in January, investment in manufacturing slumps

FDI inflows into China in 2013 rose to a record $117.6 billion.<br />

Indian-origin 'chicken king' may soon cut thousands of UK jobs

British-Indian businessman Ranjit Boparan, known as the "chicken king", is set to axe around 1,800 jobs in the UK as part of a major restructuring of his food business empire.

Happy #FedValentines, Janet Yellen: Twitter's messages for Fed's first woman chief

It was no honeymoon for Janet Yellen at a marathon congressional hearing earlier this week, but the love was back on Friday with a flutter of #FedValentines on Twitter for the Federal Reserve and its first woman chief.

Warren Buffett's Berkshire dumps stake in Dish, Glaxo

Warren Buffett's Berkshire Hathaway Inc eliminated its stake in Dish Network Corp in the fourth quarter and added a stake in financial giant Goldman Sachs , according to a regulatory filing on Friday.

Guess which US stocks hedge funds loved last quarter? Apple, eBay

E-commerce auction house eBay Inc became a darling among top US hedge funds in the fourth quarter.

Essar Energy's largest shareholder in talks to buy out stake

The fund said in November it would sell shares to dilute its 78.02 percent stake in Essar Energy so the company met UK listing requirements.

Scotland can't keep pound if it becomes independent, says UK minister

The UK finance minister said that the currency couldn't be split up like a CD collection.

All-stock deal: US' largest cable company Comcast to buy Time Warner for $45.2 bn

Comcast is planning to acquire all of Time Warner Cable's shares in a friendly deal set to be announced on Thursday morning.

Apple in talks with Time Warner Cable for a faster TV set-top box?

Apple Inc is in talks with Time Warner Cable and other content partners for a faster TV set-top box with a new user-interface that could be revealed as soon as April, Bloomberg cited sources familiar with the matter as saying.

Airbus inks deal to sell 20 A380 superjumbos

The 20 planes are worth about $8.3 billion but list prices are often discounted for big buyers.<br />

US biotech companies step up social media push for GM food acceptance

The paid ads will seek to drive traffic to the www.GMOAnswers.com website, started last year by agrichemical industry players that want to allay concerns about GMO foods, according to an executive who helps to run the site.

Second largest exchange stops withdrawals of bitcoins

Slovenia-based Bitstamp is now the second major bitcoin exchange to halt customer withdrawals in the past several days.

Barclays says it will cut 12,000 jobs this year

But it is also paying staff higher bonuses, risking a backlash from the politicians and taxpayers who bailed out much of the industry during the financial crisis.<br />

As US imports fall, Colombia courts India as new oil market

Despite the cost of ferrying it, Colombian oil companies are looking at India as a oil export market given sales to US have fallen.

GM's Barra to get $14.4 mn payout, subject to performance

General Motors Co's Mary Barra, the auto industry's first female chief executive officer, will be paid $14.4 million in cash and stock this year.