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Icahn denies attempt to sell Herbalife stock, buys more shares

August 27, 2016 by · Leave a Comment 

Herbalife shares rose 4 percent in extended trading, reversing course after Icahn said he had bought 2.3 million shares on Friday. “Completely contrary to what Bill Ackman stated on television today, I have never given Jefferies an order to sell any of our Herbalife shares,” Icahn said in a statement after market close. Ackman, who unveiled a $1 billion short bet against Herbalife in 2012, said on CNBC earlier in the day that Icahn's planned stake

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Icahn denies attempt to sell Herbalife stock, buys more shares

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Redstone granddaughter agrees to case dismissal, helps broader deal

August 27, 2016 by · Leave a Comment 

The granddaughter of Viacom Inc's controlling shareholder Sumner Redstone has agreed to let a Massachusetts court dismiss claims brought by former company leaders, a step that will help end a battle over the fate of the media empire. …

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Redstone granddaughter agrees to case dismissal, helps broader deal

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Viacom and controlling shareholder Sumner Redstone agree on settlement: sources

August 19, 2016 by · Leave a Comment 

By Jessica Toonkel NEW YORK (Reuters) – – Viacom Inc and controlling shareholder Sumner Redstone have come to an agreement on terms of a settlement that would result in the departure of Chief Executive Philippe Dauman, two sources familiar with the situation told Reuters on Thursday. The settlement would end the battle for control over Redstone's $40 billion empire that includes Viacom and CBS, and which has been …

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Viacom and controlling shareholder Sumner Redstone agree on settlement: sources

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Bezos says Amazon to up India investment to $5 billion

June 8, 2016 by · Leave a Comment 

Amazon Inc Chief Executive Jeff Bezos said on Tuesday the company would invest an additional $3 billion in India, boosting its committed investment in the country to over $5 billion. Bezos told an event in Washington attended by Indian Prime Minister Narendra Modi – who met earlier on…

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Bezos says Amazon to up India investment to $5 billion

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Judge says needs time to rule on date of Sumner Redstone competence trial

June 8, 2016 by · Leave a Comment 

The battle over control of Sumner Redstone’s $40 billion media empire moved to a Massachusetts courtroom on Tuesday, where a state judge said he needed time to decide whether to move up the date of a trial questioning the 93-year-old’s mental competence. Probate and Family…

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Judge says needs time to rule on date of Sumner Redstone competence trial

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Record highs predicted for bitcoin in 2016 as new supply halves

December 23, 2015 by · Leave a Comment 

The reason 2016 looks set to be different is that bitcoin's price is likely to be driven in large part by similar factors to a traditional fiat currency, following the age-old principles of supply and demand. Instead of being controlled by a central bank, bitcoin relies on so-called “mining” computers that validate blocks of transactions by competing to solve mathematical

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Record highs predicted for bitcoin in 2016 as new supply halves

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Exclusive: Shire closer to deal to buy Baxalta – sources

December 23, 2015 by · Leave a Comment 

By Carl O'Donnell and Pamela Barbaglia NEW YORK/LONDON (Reuters) – Drug maker Shire Plc has made a new acquisition offer for peer Baxalta International Inc that is roughly in line with the latter's valuation expectations, making a deal…

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Exclusive: Shire closer to deal to buy Baxalta – sources

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Cuba signs deal with Sprint, says it is open for more business

November 2, 2015 by · Leave a Comment 

By Daniel Trotta and Jaime Hamre HAVANA (Reuters) – Cuba signed a roaming agreement with U.S. telecom Sprint Corp during its first annual trade fair since rapprochement with the United States and told 600 companies from 70 countries at that it was eager for more business. The Havana International Fair

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Cuba signs deal with Sprint, says it is open for more business

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Shire to buy Dyax for $5.9 billion, still wants Baxalta

November 2, 2015 by · Leave a Comment 

Shire Plc has agreed to buy U.S. rare disease specialist Dyax Corp for about $5.9 billion – and potentially up to $6.5 billion – while still pursuing a five times larger unsolicited bid for Baxalta Inc . Given its existing HAE presence, Ornskov acknowledged the deal would be scrutinized by antitrust authorities and he said Shire was already preparing for this.

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Shire to buy Dyax for $5.9 billion, still wants Baxalta