SURPRISE BIDDER ENTERS THE FRAY FOR T-MOBILE
The slow-moving mating dance between Sprint Corp. and T-Mobile
US Inc. got a jolt Thursday, when France's Iliad SA made a buyout
offer of its own for T-Mobile US, setting up a clash between two of
the global telecommunications industry's brashest titans.
(published 0030 GMT)
TWITTER ACQUIRES SECURITY-PASSWORD STARTUP MITRO -- UPDATE
Twitter Inc. has acquired a small password-security startup
called Mitro, which said Thursday that its team will join the
social media company to help bolster its geolocation capabilities.
(published 2204 GMT Thursday)
VALEANT STAYS FIRM ON BID BUT STOCK FALLS
Valeant Pharmaceuticals International Inc. said its
second-quarter profit and sales climbed amid strong growth in
almost all of its businesses, as the company again made a case to
buy Botox maker Allergan Inc. (published 2318 GMT Thursday)
LINKEDIN MAKES NEW PUSH INTO SALES
LinkedIn Corp.'s growth unexpectedly accelerated in the second
quarter, as the professional social network announced a new push to
target sales teams, signaling that it isn't satisfied with its
reliance on corporate recruiters. (published 0021 GMT)
ALIBABA INVESTS IN KABAM, A SILICON VALLEY FIRM
Alibaba Group Holding Ltd. is backing another California
startup, disclosing on Thursday a $120 million strategic investment
in gaming company Kabam Inc. and a partnership to publish and
distribute its free-to-play mobile games. (published 2324 GMT
Thursday)
HIGHER OIL PRICES LIFT EXXON PROFIT
Exxon Mobil Corp. said its profit for the second quarter rose
28%, despite pumping oil and gas at its lowest rate in almost five
years. (published 0002 GMT)
TESLA LOSS WIDENS ON COSTS
Tesla Motors Inc.'s second-quarter loss doubled compared with a
year earlier to $62 million due to higher spending on overhead,
sales expansion in China and on research and development for its
next model. (published 2320 GMT Thursday)
BNP POSTS A RECORD QUARTERLY LOSS
BNP Paribas SA reported a record quarterly loss tied to a
multibillion-dollar fine for violating U.S. sanctions and said it
is taking steps to beef up internal compliance. (published 2313 GMT
Thursday)
AB INBEV TOASTS WORLD CUP SALES
A surge of beer-drinking during the World Cup boosted
Anheuser-Busch InBev NV's second-quarter profit, leaving the
world's biggest beer maker optimistic about future sales after
showcasing its brands to the billions of people who watched the
event. (published 0003 GMT)
WESTERN UNION PROFIT FALLS ON HIGHER COSTS -- UPDATE
Western Union Co. said its second-quarter earnings edged down 2%
on higher costs, partly tied to actions to strengthen its consumer
money transfer business. (published 2145 GMT Thursday)
EXPEDIA PROFIT RISES 25% ON BOOKINGS, REVENUE GROWTH
Expedia Inc. said its second-quarter earnings rose 25% on
continued growth in the online travel site's bookings and revenue.
(published 2024 GMT Thursday)
INFOSYS TAPS FIRST-EVER OUTSIDER CEO TO LEAD TURNAROUND
Vishal Sikka, the incoming chief executive of Infosys Ltd.,
India's second-largest outsourcing company, is inheriting a
business struggling to transform itself from a supplier of
inexpensive computer programmers into a global software and
consulting brand. (published 0005 GMT)