Comcast Ups Sky Offer to GBP14.75 per Share Comcast Ups Sky Offer to GBP14.75 per Share
MRC Global, Lenders Agree to Trim Interest Rate for Senior Secured Term Loan MRC Global, Lenders Agree to Trim Interest Rate for Senior Secured Term Loan
Alibaba Group Sells Healthcare Assets to Hong Kong Unit for $1.4 Bln Alibaba Group Sells Healthcare Assets to Hong Kong Unit for $1.4 Bln

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Opko Health Chairman, Chief Executive Frost Denies Wrongdoing in SEC Fraud Suit

Opko Health Inc (OPK) founder Philip Frost denied wrongdoing on Friday in response to a Securities and Exchange Commission fraud complaint filed against him last week that led to the company’s shares being halted. Trading in Opko resumed Friday afternoon after being halted on Sept. 7 at 2:34 pm ET. The shares fell 15% on Friday. “I was stunned by […]

Comcast Ups Sky Offer to GBP14.75 per Share
Business News / Stocks

Comcast Ups Sky Offer to GBP14.75 per Share

Comcast (CMCSA) said on Wednesday it has increased superior cash offer for the entire issued and to be issued share capital of Sky Plc (SKY.L) to GBP14.75 per share, implying a value of $34 billion (GBP26 billion) for the fully diluted share capital of Sky. Comcast said the the latest offer has been recommended by the Sky Independent Committee of […]

Progress Software Unveils New Anomaly Detection
Markets / Stocks

Progress Software Unveils New Anomaly Detection

Progress Software (PRGS), an application development technology company, revealed early Tuesday a new Progress DataRPM self-service anomaly detection and prediction product for the industrial Internet of Things market. Amazon’s (AMZN) Web Services on which it is hosted will also offer free trials of Progress DataRPM cloud instances for qualified manufacturers with connected sensors and the ensuing time series data, Progress […]

Petrobras ADRs Slump 14% As Brazil Offers New Fuel Subsidies
Markets / Stocks

Petrobras ADRs Slump 14% As Brazil Offers New Fuel Subsidies

ADRs of Petrobras (PBR) were slumping 14% pre-market Tuesday after Brazil’s government began providing new fuel subsidies and tweaked the oil major’s pricing policy in an effort to end a truckers’ strike in the country. President Michel Temer unveiled an agreement on Sunday under which domestic diesel prices would be decreased about 13% from prices at the pump and remain […]

MRC Global, Lenders Agree to Trim Interest Rate for Senior Secured Term Loan
Markets / Stocks

MRC Global, Lenders Agree to Trim Interest Rate for Senior Secured Term Loan

MRC Global (MRC) Friday said the lenders for its senior secured term loan B have agreed to reduce the interest rate margin for the basic credit facility by 50 basis points, or 20%, to 200 basis points. The banks also agreed to trim the margin on its LIBOR-calculated loans by 50 basis points to 300 basis points while also halving […]

Alibaba Group Sells Healthcare Assets to Hong Kong Unit for $1.4 Bln
Business News / Markets

Alibaba Group Sells Healthcare Assets to Hong Kong Unit for $1.4 Bln

Alibaba Group Holding (BABA) said pre-market Tuesday it has decided to sell certain Tmall Pharmacy healthcare businesses to Hong Kong-listed Alibaba Health Information Technology Ltd. for HKD10.6 billion ($1.4 billion). The businesses transferring to Alibaba Health include medical devices and healthcare products, adult products and medical and healthcare services. The e-commerce giant also said it would raise its equity ownership […]

Verint Systems Reportedly in Talks to Acquire Israeli Cyber-Surveillance Firm NSO Group for $1 Bln
Markets / Stocks

Verint Systems Reportedly in Talks to Acquire Israeli Cyber-Surveillance Firm NSO Group for $1 Bln

Verint Systems (VRNT) is in talks to acquire the Israeli cyber-surveillance software maker NSO Group at a value of about $1 billion, the Times of Israel reported, citing a source familiar with the matter. As earlier reported by the Wall Street Journal, the New York-based analytics company offered to pay Francisco Partners with stock and assumed debt as part of […]