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Thursday, April 16, 2015

S.Africa's Brait to pay $1 billion for control of Branson co-owned Virgin Active, (NYSE: TRI), (TSE: TRI.TO)

South African investment house Brait SE is to pay $1 billion for a controlling stake in gym group Virgin Active, Brait said on Thursday, seeking to tap the growing health-conscious middle classes particularly in Africa and Asia.The fitness chain, jointly owned by the Virgin Group of entrepreneur Richard Branson and takeover firm CVC Capital Partners, has 267 gyms across nine countries including in South Africa, home to the largest number of Virgin Active clubs, Thailand and Britain.Brait said it will purchase an 80 percent stake in Virgin Active for 682 million pounds ($1 billion), valuing the gym chain at 1.3 billion pounds, including debt. The Virgin Group will retain a 20 percent stake.Without debt, the transaction - the biggest in Africa so far this year, according to Thomson Reuters data - values Virgin Active at 870 million pounds.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.94% or $-0.82/share to $41.50. In the past year, the shares have traded as low as $34.07 and as high as $42.64. On average, 924633 shares of TRI exchange hands on a given day and today's volume is recorded at 283992.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 2.57% or $-1.34/share to $50.72. In the past year, the shares have traded as low as $37.24 and as high as $53.00. On average, 808179 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 353517.



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Wednesday, April 15, 2015

Nokia buys Alcatel to take on Ericsson in telecom equipment, (NYSE: ALU), (NASDAQ: ERIC)

Nokia is to purchase Alcatel-Lucent in an all-share deal that values its smaller French rival at 15.6 billion euros ($16.6 billion), building up its telecom equipment business to compete with market leader Ericsson.The deal will redefine a sector suffering weak growth prospects and pressure from low-cost Chinese players Huawei and ZTE.With about 114,000 employees and sales of around 26 billion euros, the combined company will rank a strong second in mobile equipment, with global market share of 35 percent, behind Ericsson at 40 percent and ahead of Huawei's 20 percent, according to Bernstein Research.The new Nokia will have stronger exposure to the important North American market, with major AT&T and Verizon contracts.

Alcatel Lucent SA is a France based company that proposes solutions used by service providers, businesses, and governments worldwide to offer voice, data, and video services to their own customers. Shares of ALU fell by 18.46% or $-0.91/share to $4.02. In the past year, the shares have traded as low as $2.28 and as high as $4.96. On average, 8453740 shares of ALU exchange hands on a given day and today's volume is recorded at 82973841.

Telefonaktiebolaget LM Ericsson (Ericsson) is an information and communications technology (ICT) solutions provider. Shares of ERIC fell by 1.01% or $-0.13/share to $12.76. In the past year, the shares have traded as low as $11.20 and as high as $13.28. On average, 3686070 shares of ERIC exchange hands on a given day and today's volume is recorded at 13579391.



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EU says Google hurt consumers and competitors in Internet search case, (NASDAQ: GOOG), (NASDAQ: GOOGL)

The European Union accused Google Inc on Wednesday of cheating consumers and competitors by distorting Web search results to favour its own shopping service, after a five-year investigation that could change the rules for business online.It also launched another antitrust investigation into the Android mobile operating system, a key element in the U.S. tech giant's strategy to maintain revenues from online advertising as people switch from Web browser searches to smartphone apps.Competition Commissioner Margrethe Vestager said Google, which dominates Internet search engine markets worldwide, had been sent a Statement of Objections - effectively a charge sheet - to which it has 10 weeks to respond.Investigations into Google's business practices in other areas would continue. The shopping case, on which the EU has had the most complaints dating back the longest time, could potentially set a precedent for concerns over Google's search products for hotels, flights and other services.

Google Inc. (Google) is a global technology company. Shares of GOOG traded higher by 0.1622% or $0.8601/share to $531.25. In the past year, the shares have traded as low as $487.56 and as high as $599.65. On average, 1885300 shares of GOOG exchange hands on a given day and today's volume is recorded at 1322919.

Google Inc. (Google) is a global technology company. Shares of GOOGL fell by 0.15% or $-0.81/share to $538.97. In the past year, the shares have traded as low as $490.91 and as high as $608.91. On average, 2118970 shares of GOOGL exchange hands on a given day and today's volume is recorded at 1371184.



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Nokia buys Alcatel-Lucent to grow in telecom equipment, (NYSE: ALU), (NASDAQ: ERIC)

Nokia is to purchase Alcatel-Lucent in an all-share deal that values its smaller French rival at 15.6 billion euros ($16.6 billion), building up its telecom equipment business to compete with market leader Ericsson.Nokia's takeover of Alcatel-Lucent will redefine a telecom equipment sector suffering weak growth prospects and pressure from low-cost Chinese players Huawei and ZTE .The combined company will have about 114,000 employees and combined sales of around 26 billion euros. In mobile equipment it will rank a strong second, with global market share of 35 percent, behind Sweden's Ericsson with 40 percent and ahead of Huawei's 20 percent, according to Bernstein Research.The Finnish company will give Alcatel-Lucent shareholders 0.55 shares in the combined company for each of their old shares, resulting in 33.5 percent of the entity being in Alcatel shareholders' hands if the tender offer is fully taken up.

Alcatel Lucent SA is a France based company that proposes solutions used by service providers, businesses, and governments worldwide to offer voice, data, and video services to their own customers. Shares of ALU remained unchanged at $4.93. In the past year, the shares have traded as low as $2.28 and as high as $4.96. On average, 8453740 shares of ALU exchange hands on a given day and today's volume is recorded at 212252.

Telefonaktiebolaget LM Ericsson (Ericsson) is an information and communications technology (ICT) solutions provider. Shares of ERIC remained unchanged at $12.89. In the past year, the shares have traded as low as $11.20 and as high as $13.28. On average, 3686070 shares of ERIC exchange hands on a given day and today's volume is recorded at 324300.



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EU charges Google in Internet search anti-trust case, (NASDAQ: GOOG), (NASDAQ: GOOGL)

The European Union accused Google Inc on Wednesday of cheating competitors by distorting Internet search results to favour its shopping service, and launched another antitrust investigation into its Android mobile operating system.Competition Commissioner Margrethe Vestager said the U.S. tech giant, which dominates Internet search engines worldwide, had been sent a Statement of Objections - effectively a charge sheet - to which it can respond. She also said other probes into Google's business practices would continue."I am concerned that the company has given an unfair advantage to its own comparison shopping service, in breach of EU antitrust rules," she said. "If the investigation confirmed our concerns, Google would have to face the legal consequences and change the way it does business in Europe."The Commission, whose control of antitrust matters across the wealthy 28-nation bloc gives it a major say in the fate of global corporations, can fine firms up to 10 percent of their annual sales, in Google's case up to $6.6 billion.

Google Inc. (Google) is a global technology company. Shares of GOOG fell by 1.63% or $-8.78/share to $530.39. In the past year, the shares have traded as low as $487.56 and as high as $599.65. On average, 1885300 shares of GOOG exchange hands on a given day and today's volume is recorded at 2598788.

Google Inc. (Google) is a global technology company. Shares of GOOGL fell by 1.61% or $-8.86/share to $539.78. In the past year, the shares have traded as low as $490.91 and as high as $608.91. On average, 2118970 shares of GOOGL exchange hands on a given day and today's volume is recorded at 2361558.



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EU charges Google over shopping searches, to probe Android, (NASDAQ: GOOG), (NASDAQ: GOOGL)

The European Union accused Google Inc on Wednesday of cheating competitors by distorting Internet search results in favour of its Google Shopping service and also launched an antitrust probe into its Android mobile operating system.In a statement, Competition Commissioner Margrethe Vestager said the U.S. tech giant, which dominates Internet search engines globally, had been sent a Statement of Objections -- effectively a charge sheet -- to which it can respond."I am concerned that the company has given an unfair advantage to its own comparison shopping service, in breach of EU antitrust rules," she said. "If the investigation confirmed our concerns, Google would have to face the legal consequences and change the way it does business in Europe."The Commission, whose control of antitrust matters across the wealthy 28-nation bloc gives it a major say in the fate of global corporations, can fine firms up to 10 percent of their annual sales -- or a penalty of over $6 billion for Google.

Google Inc. (Google) is a global technology company. Shares of GOOG fell by 1.63% or $-8.78/share to $530.39. In the past year, the shares have traded as low as $487.56 and as high as $599.65. On average, 1885300 shares of GOOG exchange hands on a given day and today's volume is recorded at 2597617.

Google Inc. (Google) is a global technology company. Shares of GOOGL fell by 1.61% or $-8.86/share to $539.78. In the past year, the shares have traded as low as $490.91 and as high as $608.91. On average, 2118970 shares of GOOGL exchange hands on a given day and today's volume is recorded at 2361218.



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