Latest news for Prudential Jennison 20/20 Focus A(PTWAX) (See analysis on PTWAX)
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Latest business news
Monday October 20th 2014: Latest financial news from the worldApple's iPhone sales beat Street but iPad volumes slide
By Christina Farr and Edwin Chan SAN FRANCISCO (Reuters) - Apple Inc forecast a strong holiday quarter after a better-than-expected 16 percent jump in iPhone sales, and the strongest growth in Mac computer shipments in years helped the company surpass Wall Street's targets. The company on Monday projected stronger-than-expected revenue of $63.5 billion to $66.5 billion in the December quarter, when new iPads and iPhones vie with rival devices from Microsoft Corp and Amazon.com Inc for consumers' holiday outlays. Shares of Apple rose 1.3 percent to about $101.10 in after-hours trade. ...
Asian shares tread water as China GDP awaited
By Lisa Twaronite TOKYO (Reuters) - Asian stocks balked at the starting gate on Tuesday, as investors looked past solid gains on Wall Street overnight to Chinese economic growth figures due later in the session. Data due at 10 p.m. ET is expected to show that China's economy grew at its weakest pace in more than five years in the third quarter as a property downturn weighed on demand, raising the chances of more aggressive policy steps from the government. China will also release data on industrial output and retail sales for September. ...
AbbVie says $55 billion acquisition of Shire officially dead
(Reuters) - U.S. drugmaker AbbVie Inc said on Monday it has reached agreement with Shire Plc to officially call off its proposed $55 billion purchase of the Irish company, and will pay Shire a $1.64 billion breakup fee for walking away from the deal. AbbVie, which last week said its board of directors had withdrawn its recommendation to proceed with the Shire purchase, blamed the unraveling on last month's rules changes by the U.S. Treasury Department aimed at curtailing a wave of such deals in which U.S. ...
Valeant says may raise Allergan bid; beats on profit
By Rod Nickel and Ashutosh Pandey (Reuters) - Valeant Pharmaceuticals International Inc VRX.TO VRX.N said on Monday that it may raise its bid for Botox maker Allergan Inc AGN.N after the Canadian company posted a better-than-expected quarterly profit. Valeant CEO Michael Pearson said a possible revised stock and cash bid would be worth more than $200 per share, assuming that Valeant's stock rises, and would include more cash. The current bid is worth about $52.7 billion or $176 per share. Shares of Laval, Quebec-based Valeant were up 3 percent at C$139.51 in Toronto on Monday. ...
Top Allergan holder Paulson urges deal with Shire: sources
By Olivia Oran (Reuters) - Allergan Inc shareholder Paulson & Co is urging the Botox maker to merge with specialty pharmaceutical company Shire Plc as an alternative to a deal with hostile bidder Valeant Pharmaceuticals International Inc , according to two people familiar with the matter. The hedge fund, which earlier supported a deal with Valeant, told Allergan CEO David Pyott that it would now support a deal with Shire, the sources said. It was not immediately clear whether Allergan would pursue such a deal. Paulson had a 1. ...
UPS says U.S. rates to rise 4.9 percent as of December 29
CHICAGO (Reuters) - Package delivery company United Parcel Service Inc said on Monday that rates for its services within and between the United States, Canada and Puerto Rico will rise by an average of 4.9 percent as of the end of the year. The Atlanta-based company said the rate changes for its ground, air, international and freight services would start Dec. 29. Last month, the company's main rival FedEx Corp announced a similar rate increase of 4.9 percent, which also includes shipments between the United States and Mexico, plus within Mexico. FedEx's rate increase will take effect on Jan. ...
IBM ditches 2015 operating EPS target, shares slump 7 percent
By Marina Lopes and Anya George Tharakan (Reuters) - International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. IBM shares fell nearly 7 percent to a three-year low, a blow for legendary investor Warren Buffett whose Berkshire Hathaway Inc is its top shareholder. The decline shaved more than $13 billion off of IBM's market cap, which stood at $182 billion at the stock market close on Friday. ...
Toyota recalls 247,000 vehicles in U.S. over Takata air bags
By Ben Klayman DETROIT (Reuters) - Toyota Motor Corp recalled 247,000 cars, SUVs and pickup trucks in the United States on Monday because of potentially defective front passenger air bag inflators from Japan's Takata Corp that can rupture and spray metal shrapnel, according to U.S. safety regulators. That raised the number of vehicles affected by regional recalls launched in June by several automakers due to the Takata air bags to more than 4.5 million. ...
Deaths linked to GM ignition-switch defect rise to 29
By Ben Klayman DETROIT (Reuters) - A program to compensate victims of a faulty ignition switch in General Motors Co vehicles has approved two new death claims, bringing the total number of deaths linked so far to the switch to 29, according to a report released on Monday by the lawyer overseeing the program. Since it began accepting claims on Aug. 1, the program has received a total of 1,517 claims for deaths and injuries, according to the report by the office of Kenneth Feinberg, who GM has tapped to run the program. The report listed all of the claims received and approved as of Friday. ...
SunEdison shares rise on report of Einhorn recommendation
NEW YORK (Reuters) - SunEdison Inc's shares shot higher on Monday and its options activity spiked up following a report that Greenlight Capital Inc's David Einhorn recommended the stock at a closed-door investor conference in New York on Monday. The solar company's shares were up 9.3 percent to$18.19 on the New York Stock Exchange. SunEdison's options were also active with 27,000 calls and about 10,000 puts traded by 1:40 p.m., according to options analytics firm Trade Alert. ...
Microsoft CEO Nadella: Company has no pay gap between men, women
Man falls into sea on live TV while possibly taking selfie
Amazon strikes new e-book deal with Simon & Schuster
Pokémon teams up with manga horror legend Junji Ito to ruin your childhood
Tomorrow Daily 071: Ashes in space, a big 'Avengers' prop for RDJ, and nuclear fusion reactors
On today's show, we're discussing a new, 17-mile-high way to scatter your loved one's ashes, how Robert Downey, Jr. ended up with a huge "Avengers" prop, and Lockheed Martin's progress on compact nuclear fusion.>
Could robots aid in the Ebola fight?
Apple's role reversal: 'Mature' Mac outpaces iPad in revenue
Guy says his iPhone 6 bent -- and caught on fire
Readers' reactions: Why are cell phone batteries so behind the times?
How to get started with Apple Pay
iPhone 6, iPhone 6 Plus may be tough to find through the holidays
Facebook sues lawyers of man who claimed to own the social network
Zombie-proof log cabin has 10-year anti-zombie guarantee
As Apple Pay launches, others reimagine the credit card
Zombie versus bear: Which beast wins?
Want superfast speeds on your Samsung Galaxy Note 4? Head to Singapore
The 404 Show 1,568: Oculus XXX, smart street corners, the wrath of Comic Sans continues (podcast)
On today's show we'll discuss Chicago's planned "smart corners" project, gasp at a Comic Sans typewriter, wonder why speedometers list illegal speeds and usher in the future of porn with Oculus Rift.>
It's Not Just About the Bagels: Building Employee Engagement (Pt. 4): Nine Tips to Keep in Mind When Developing Employee Engagement Programs
This week I had the opportunity to spend time with peers from such countries as Lebanon, Egypt, Israel, Malta, Slovakia, Azerbaijan, France, Germany, the UK and more. No it wasn't a UN meeting but rather a conference of HR Professionals in Barcelona. Over the two days, a variety of presentations focused primarily on talent management and...
This Entrepreneur Wants You to Celebrate Your Mortality
Although life's path is different for everyone, every path meets the same end eventually. This is the only true certainty we have in life. But Irina Jordan, founder of customized memorial item marketplace Artisurn, understands death as an inevitable part of the cycle of life, and because of that, she finds beauty and peace in it. As an...
Handy chart helps you plan your life around superhero films
Monica Lewinsky joins Twitter
The Lost Art of Underthinking
I was in a meeting about a month ago. Actually, it does me no good to pinpoint the date of this meeting because I was in the same meeting two months ago. Two years ago. 5 years ago. And 10 years ago.You know the kind of meeting.A dozen of the agency's top minds gathered to share their opinions, ply their office politics and grandstand on a...
EU drops investigation into Chinese telecoms
Get an iSmartAlarm home security system for $124.99
NASA orbiters hide behind Mars to avoid comet debris
This Halloween, go as a poop emoji
Apple Pay unlikely to take off right away
Everything you want to know about Apple Pay
Dropbox iOS app now supports Apple's Touch ID
What can we learn from netbooks?
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