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Tag: mln
Nokia launches USD 100 mln Connected Car Fund
2014-05-05 10:31:00| Telecompaper Headlines
(Telecompaper) Nokia announced the launch of a USD 100 million Connected Car fund to be managed by Nokia Growth Partners (NGP). The fund will identify and invest in companies whose innovations will be important for a world of connected and intelligent vehicles. Nokia is already a major player in the automotive industry providing location intelligence for connected vehicles through Here. The NGP fund, working closely with Here, will seek to make investments that also support the growth of the ecosystem around Here's mapping and location products and services. The Connected Car fund extends NGP's global investment activities in the US, India, China and Europe where Nokia Growth Partners continue to invest in high potential businesses.
Bill Ackman's Pershing Square Sells 3.2 Mln Shares of Canadian Pacific Railway Limited
2014-04-30 20:47:39| Railroads - Topix.net
As a newly amended filing with the SEC showed, Bill Ackman has reduced his exposure to Canadian Pacific Railway Limited , currently holding around 13.94 million shares, versus 17.16 million reported earlier.
Tags: limited
bill
square
pacific
Cirrus Logic to buy Wolfson for GBP 291 mln
2014-04-29 12:05:00| Telecompaper Headlines
(Telecompaper) Cirrus Logic has agreed to acquire the audio chips specialist Wolfson Microelectronics for GBP 291 million. Cirrus Logic will pay 235 pence per Wolfson share, a 75.4 percent premium on the share price the day before the deal was announced. Wolfson's board has recommended the offer to shareholders, and its directors agreed to tender their shares to Cirrus Logic. Odey Asset Management, which holds 5.88 percent of Wolfson, has also accepted the bid. With a diverse analogue and signal-processing patent portfolio, Texas-based Cirrus Logic delivers highly optimised products for a variety of audio and energy-related applications. It will fund the takeover with existing cash and a new bank credit agreement. The acquisition is expected to strengthen its catalogue of audio products and expand its customer base, while also adding new software features and products such as MEMS microphones. Wolfson will increase its annual sales by around a quarter. Pending shareholder and regulatory approval, the takeover is expected to close in the second half of the year.
UPDATE 1-Pfizer agrees to $190 mln settlement over generic Neurontin
2014-04-22 03:13:27| Biotech - Topix.net
Pfizer Inc has agreed to pay $190 million to settle a class action lawsuit alleging the pharmaceutical company took steps to delay market entry of generic versions of its epilepsy drug Neurontin, according to court documents filed on Monday.
Tags: update
generic
settlement
agrees
Orange mobile money customer base hits 10 mln
2014-04-17 17:35:00| Telecompaper Headlines
(Telecompaper) Orange announced it has signed up 10 million subscribers for its Orange money service in Africa, which is now available in 13 countries, including Botswana, Kenya, Uganda, Mauritius, and Egypt (under the name Mobicash). CEO Stephane Richard gave a bonus to the 10 millionth customer of Orange Money in Senegal. Kanny G., who had gone to an Orange Money outlet to open an account, was surprised to learn that she had won a smartphone with an Orange Money credit of EUR 152. In 2013, more than EUR 2.2 billion in transactions were conducted through Orange Money. In some countries, such as Cote d'Ivoire, more than 40 percent of all Orange customers have an Orange Money account.
Tags: money
customer
mobile
base
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