The laboratory Allergan next possible target of a takeover

The biotechnology company Allergan Inc. specializes in the manufacture of Botox is currently used to treat wrinkles, or breast implants could be a target for a major pharmaceutical company through a tender offer (OPA).
This probability has indeed risen sharply since last month and the presumed interest of the French pharmaceutical group Sanofi-Aventis U.S. [...]

Alcatel-Lucent is still on track despite stock shortages

Alcatel-Lucent confirms its annual targets despite the impact, for the second straight quarter, problems associated with shortages of components in the industry.
The telecoms equipment has limited the impact of these shortages on its quarterly results and has released figures broadly in line with expectations, but in return it has consumed more cash to [...]

Puma renounces its goal of pretax profit

Puma has waived its annual forecast of taxable income due to the potential cost of litigation in Spain, after posting interim results below expectations.
During a conference call, Jochen Zeitz's chief executive, said that "it would not be prudent" to maintain its pre-tax profit target given the potential costs associated with the lawsuit brought [...]

Singapore Airlines believes in the continued recovery

Singapore Airlines, world's second largest airline by market value, said that the resumption of passenger and freight is expected to continue in the near future, having reported earnings above expectations for the first quarter.
The group reported a net profit of 253 million Singapore dollars (143 million euros) for the quarter April to June, [...]

The White House cut its forecast of budget deficit

The U.S. government acknowledged Friday that the economy had to face "headwinds" and that the fiscal outlook remained bleak, however, but has lowered its estimate of the deficit in 2010.
According to the White House, the current trend is favorable, but the deficit and debt remain too high.
"The economic situation is still [...]

Berli Jucker coveted assets Carrefour Thailand

The Thai Berli Jucker main conglomerate said Wednesday he was keen to bid for Carrefour's local activities within the framework of its development.
"We expect the details of the tender of Carrefour, said Asavin Techacharoenvikun, CEO of Berli Jucker reporters.
Carrefour has already indicated its desire to separate its operations in Malaysia, Singapore [...]

Daimler will raise its forecasts after a strong second quarter

Daimler pledged on Friday to raise its earnings forecast 2010 before the end of the month after publishing strong preliminary results for the second quarter, supported by the results of its upscale subsidiary Mercedes-Benz.
The German carmaker said on Friday an operating profit of 2.1 billion euros for the period April to June, against [...]

Tokyo stocks end down 2.04%

The Nikkei ended down 2.04% Wednesday, falling to a low of seven months due to a strong aversion to risk caused by both the decline posted Wednesday on Wall Street and by the disturbing news in from China.
The Nikkei lost 191.04 points to 9,191.60 and the broader TOPIX, surrendered 13.03 points (1.55%) to [...]

600 million euros to extend each nuclear reactor

The CEO of EDF, Henri Proglio, estimated at 600 million per reactor investment costs required to extend the life of the French nuclear power plants.
"I estimate at 600 million euros for each extension of the lifetime of nuclear power plants," he said in an interview published Saturday by the Latest News from Alsace. [...]

3 members of the CA Alstom UK arrested for corruption

Three members of the Board of Directors of Alstom in the UK have been placed in custody on suspicion of corruption, money laundering and false accounting, announced the Serious Fraud Office UK.
The arrests came after raids on nine sites of Alstom, said the SFO.
The British authorities suspected payment of bribes, kickbacks [...]