Latest news for Prudential Jennison 20/20 Focus A(PTWAX) (See analysis on PTWAX)
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Monday April 27th 2015: Latest financial news from the worldAsian shares edge off 7-year highs as Fed awaited
By Lisa Twaronite TOKYO (Reuters) - Asian stocks pulled back from a seven-year peak scaled on Tuesday as sentiment gave way to caution ahead of the Federal Reserve's policy two-day meeting scheduled to start later in the session. MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.3 percent after earlier touching its highest level since January 2008. Japan's Nikkei stock index advanced 0.3 percent as on hopes of better shareholder returns after index heavyweight Fanuc Corp doubled its dividend payout ratio. On Monday, Wall Street ended lower after the benchmark S&P 500 index hit a record intraday high before reversing course, tempered by caution ahead the Fed meeting.
China iPhone sales boosts Apple; shares up modestly
(Reuters) - Apple Inc beat Wall Street's revenue and profit forecasts on Monday as it sold more iPhones in China than the United States for the first time, but the company gave no sales figures for its new Apple Watch. Apple's iPhone sales in China soared, increasing its revenue in the country 71 percent to $16.8 billion, although that was helped by gift-buying for Chinese New Year. Chief Executive Tim Cook said that China's expanding middle class is fueling iPhone sales there, which is the bulk of the company's sales.
Exclusive: Time Warner Cable open to merger talks with Charter - sources
Time Warner Cable Inc is open to merger discussions with Charter Communications Inc following a failed $45 billion bid by Comcast Corp , according to people familiar with the matter. Friendly negotiations between the two companies would be in sharp contrast to their acrimonious exchanges in 2013 and early 2014 that ended with Time Warner Cable rejecting unsolicited approaches by Charter and instead finding a white knight in Comcast. While Charter has yet to make a formal offer, Time Warner Cable believes its smaller peer may be willing to make a bid that is more attractive compared with its takeover attempt two years ago, the people said. Time Warner Cable also views Charter's stock as a more valuable currency than it did last year given its stock performance since then, the people said.
Petrobras writedown may give new ammunition to class-action suit
Brazilian oil company Petrobras' $17 billion write-down, announced last week, may have been meant to close the accounting on a sprawling corruption scandal, but could instead provide fresh ammunition for a U.S. class action lawsuit. The case, filed in Manhattan federal court in December by a group of large investors, alleges $98 billion of the company's American depository shares, or ADRs, and bonds were artificially inflated since 2010 by the company overstating the value of assets such as major projects. Petrobras has moved to have the case dismissed. The plaintiffs say Petrobras improperly inflated the project costs to fatten profits of suppliers and contractors, who in turn kicked cash back to Petrobras employees.
Mylan says Teva offer too low; criticizes stock, growth prospects
Mylan NV rejected Teva Pharmaceutical Industries Ltd's $40 billion takeover offer on Monday, saying in a scathing letter that it grossly undervalued the company and that Mylan has no interest in payment in what it termed "high-risk" Teva stock. Teva, the world's biggest maker of generic drugs, quickly responded to Mylan's refusal with word that it was "fully committed" and would move forward with the $82 per share cash and stock offer. Teva said it had begun the regulatory approval process and that it expects to complete a deal by the end of 2015. The company will meet with Mylan shareholders this week, according to sources familiar with the situation.
French IT firm Cap Gemini to buy U.S. rival IGATE for $4 billion
By Emelia Sithole-Matarise and Cyril Altmeyer PARIS (Reuters) - Cap Gemini SA , a French information technology services company, said it will buy U.S.-based rival IGATE Corp for $4 billion in a deal that would make North America into its biggest market and hand IGATE's founders a $1 billion windfall. Cap Gemini also raised its 2015 sales forecast on Monday in a statement that was pushed up to coincide with the announcement of the deal. IGATE, which has strength in the financial services sector, has grown quickly since its 1996 stock market listing. Cap Gemini said IGATE has been recording double-digit growth and a 19 percent operating margin.
Microsoft phones infringe patents: U.S. International Trade Commission judge
By Andrew Chung NEW YORK (Reuters) - Microsoft Corp lost a round in a potentially costly patent battle when a U.S. International Trade Commission judge on Monday found that the software giant used InterDigital Inc's technology in its mobile phones without permission. The judge, Theodore Essex, said that Microsoft infringed two wireless cellular patents owned by InterDigital , a patent licensor, and said it would not be against the public interest to ban the Microsoft devices from being imported into the United States. Wilmington, Delaware-based InterDigital first accused Nokia Corp of infringing its patents in 2007.
Exclusive: Deutsche's radical revamp foiled by ECB stress test
Deutsche Bank, Germany's biggest lender, has spent much of this year looking at ways of reconfiguring its business to boost returns and had narrowed the choice to two possible models. The bank's co-chief executives, Anshu Jain and Juergen Fitschen, originally favored shedding its entire retail business and becoming Europe's answer to Goldman Sachs , sources familiar with internal discussions told Reuters. The bank instead chose a less ambitious solution, selling only its Postbank retail arm, cutting investment bank assets and investing more in equities trading and wealth management.
Tokyo Electron shares sink after takeover by Applied Materials scrapped
Tokyo Electron Ltd shares plunged 15 percent on Tuesday to a six-month low after U.S. regulatory opposition forced the scrapping of its planned takeover by U.S.-based Applied Materials Inc . The all-share purchase - a rare foreign bid for a Japanese firm - would have combined the No.1 and No. 3 makers of the equipment that makes semiconductor chips into a group with a stock market value of more than $38.5 billion. Tokyo Electron shares fell as much as 14.8 percent in early trade to 6,555 yen, hitting their lowest level since late October, while the broader Tokyo market was up 0.6 percent. The slide came despite Tokyo Electron announcing it plans to buy as much as 120 billion yen ($1 billion) worth of shares, or 8.59 percent of its outstanding stock.
DuPont open to last-minute settlement talks with activist: sources
DuPont's board is open to a negotiated settlement with activist Trian Fund Management in the run-up to the company's annual shareholder meeting in May, sources close to the matter said on Monday. Despite the stalemate between the chemical conglomerate and the New York-based fund, DuPont's "doors are not barred for something reasonable," one of the sources said. On Monday, U.S. proxy advisory firm ISS recommended that DuPont shareholders vote in favor of Trian co-founder Nelson Peltz joining the company's board, a shot in the arm for the activist investor ahead of voting on May 13. Trian, DuPont's fifth-largest shareholder with a 2.7 percent stake, has argued that DuPont should split its businesses to unlock greater value for shareholders.
Bodyprint could let you unlock your phone with your ear print
How Apple's wrist taps could be a game changer
Cabcharge to deliver payment software to Secure Parking
Graphene produces a working 3D holographic display
The promise and pain of gaming in India
The world's majors have rushed to the country and startups are mushrooming, but India needs to see a radical revamp of its infrastructure if gaming companies hope to match their stellar experiences in neighbouring China.
University of Queensland taps big data tech
8 Mobile Marketing Tips You Don't Want To Miss
If you look around, you will see that virtually everyone carries a smartphone. Yes, even kids have their own devices. In fact, there are nearly 3.5 billion unique mobile users. By the end of 2015, there will be 4.9 billion connected devices. Wow!Because the rise of mobile usage has skyrocketed, the culture of communication has changed, and...
Audi makes eco-friendly diesel from carbon dioxide and water
India's Flipkart hooks up with Dabbawalas for last-mile delivery
Roche Diagnostics & SAP Team to Fight Diabetes
Healthcare technology is changing our world thanks to innovative pioneers like Roche Diagnostics. With connected care, the quality and results of medical treatments are drastically improving, especially for preventable lifestyle diseases like type 2 diabetes.
Postr marches into the mobile lock-screen wars
Daily Roundup: Hackers read President's email, eSports injuries and more!
'Avengers' superfan sits pretty in a HulkBuster highchair
Comic creator gets awesome augmented-reality tattoo
Westpac's tap and pay snubs non-Samsung smartphones
Footage emerges of Nepal quake, Everest avalanche
DARPA's steerable bullet proves it can hit moving targets
Wearables wilt Australian tablet sales: Telsyte
Konami cancels 'Silent Hills,' bums us out permanently (Tomorrow Daily 168)
China passes US to become Apple's biggest iPhone market
Horror sequel 'Five Nights at Freddy's 4' is happening on Halloween
Best Buy to accept Apple Pay for purchases
Valve removes option to sell paid 'Skyrim' mods
After a few days of hearing complaints on the internet, Valve is removing the payment feature from the Skyrim Workshop on Steam. The PC gaming juggernaut explains that it underestimated the differences ...
LG's posh Watch Urbane arrives at Google's store for $349
'Halo' tournament canceled because Xbox One game is still broken
Halo: Combat Evolved may have been one of the first console shooters to hit the competitive gaming circuit but a recent tournament was derailed because almost six months later, The Master Chief Collection ...
Apple Still Mum on Watch Sales Numbers
During Apple’s earnings call on Monday, CEO Tim Cook faced several questions about the Apple Watch, but did not reveal early sales numbers, reiterating several times that “demand is greater than supply.”
Orion Health rebounds, but US market still tough
Apple boosts capital return program to $200 billion
Strong iPhone demand pushes Apple's sales -- again
Humans act out the best cat videos, courtesy of VW
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