ABBVIE TO BUY PHARMACYCLICS IN $21 BILLION DEAL -- 2ND UPDATE
AbbVie Inc. said late Wednesday it will buy cancer biotech
Pharmacyclics Inc. in a $21 billion deal that returns the North
Chicago, Ill., drug company to deal-making after backing away from
a big tax-lowering takeover last year. (published 0447 GMT)
HKBN RAISES $750 MILLION IN HONG KONG'S BIGGEST IPO THIS YEAR -- UPDATE
Broadband-services provider HKBN Ltd. raised US$750 million
after pricing its Hong Kong initial public offering at the top end
of the price range, people familiar with the situation said
Thursday, making it the second-largest IPO in Asia Pacific this
year. (published 0254 GMT)
CHINA RONGSHENG WON'T PROCEED WITH WARRANT ISSUE -- 2ND UPDATE
Chinese shipbuilder China Rongsheng Heavy Industries Group
Holdings said it wouldn't go ahead with a planned warrant issue
following the reported arrest of a key investor. (published 0454
GMT)
APPLE SUPPLIERS TOLD TO MASS PRODUCE LARGER IPAD IN SECOND HALF -- UPDATE
Apple Inc. suppliers have been told to start production of a
larger-screen iPad in the second half of this year as the U.S. tech
giant wrestles with new designs and features for the enterprise
market, people familiar with the matter say. (published 0445
GMT)
XIAOMI EXPECTS SALES TO SURGE IN 2015
Xiaomi Corp. expects sales and smartphone shipments to each rise
by more than 30% this year, its chief executive said, as the
Chinese smartphone maker looks to overseas markets to keep up its
growth. (published 0519 GMT)
HONG KONG EXCHANGE PROFITS BOOSTED BY STOCK CONNECT, LME CLEAR
Hong Kong's stock exchange operator reported a jump in trading
activity in 2014 as the launch of a mutual market access program
with Shanghai proved a draw for mainland investors, while a new
clearing unit boosted revenue from its ownership of London Metals
Exchange. (published 0520 GMT)
ETSY, AN ONLINE CRAFTS MARKETPLACE, FILES FOR IPO -- 4TH UPDATE
Etsy Inc., an online marketplace for crafts and vintage goods,
filed for an initial public offering on Wednesday, further testing
investors' appetite for e-commerce companies. (published 0132
GMT)
SIMON PROPERTY GROUP MAKES TAKEOVER APPROACHES TO MACERICH -- UPDATE
Simon Property Group Inc. has made takeover approaches for rival
Macerich Co., seeking to combine two of the largest shopping-mall
owners in the U.S. (published 0025 GMT)
MCDONALD'S TO CURB USE OF ANTIBIOTICS IN CHICKEN --2ND UPDATE
McDonald's Corp. plans to curtail antibiotics use in its U.S.
chicken, a move that could help kick-start a broader food-industry
response to growing public-health alarm around drug-resistant
bacteria. (published 0033 GMT)
FORMER XSTRATA CHIEF RAISES $5.6 BILLION FOR MINING DEALS
Mining veteran Mick Davis looks poised to pull the trigger on
some big deals at a time of inexpensive mineral prices and willing
sellers. (published 0001 GMT)
GOOGLE, WAL-MART PART WAYS OVER ADS
The relationship between Google Inc., the world's largest
Internet search provider, and Wal-Mart Stores Inc., the biggest
retailer, has frayed over the data used to lure shoppers into
stores. (published 0043 GMT)
NOBLE GROUP DEFENDS ITS IMPAIRMENT CALCULATIONS ON YANCOAL
Noble Group Ltd. has defended its impairment calculations on an
Australian associate and said the commodities supplier acted in a
"prudent" way when making its calculations. (published 0156
GMT)
NATIONAL UNITED RESOURCES TO POST 2014 NET LOSS OF AT LEAST HK$58 MILLION
National United Resources Holdings Ltd. is expected to post a
net loss of at least 58 million Hong Kong dollars in 2014.
(published 0136 GMT)
BAIOO FAMILY INTERACTIVE NAMES XU GANG AS NEW CEO, REPLACING WU LILI
Baioo Family Interactive Ltd., a Chinese children's online game
operator, said Thursday it has appointed Xu Gang, 43, as the
company's chief executive with immediate effect, replacing Wu Lili.
(published 0449 GMT)