Palo Alto Networks Prices IPO Above Raised Range
Palo Alto Networks priced its initial public offering on Thursday afternoon at $42, above its recently raised range of $38-$40.
AMD Posts Soft Second Quarter; Headwinds Continue
Advanced Micro Devices Inc. (AMD) reported dismal second-quarter results and said the weakness would continue into the current period as the chip maker is hurt by softening consumer demand for PCs, particularly in China and Europe.
EU's Almunia Wants Google to Change Mobile Services -FT
Joaquin Almunia, the European Union's commissioner for competition, wants Google Inc. (GOOG) to make major changes to its mobile services, the Financial Times reported Thursday, citing people briefed on the ongoing EU antitrust investigation of Google.
Intuitive Surgical 2Q Net Surges, But Signs of Pressure
Intuitive Surgical Inc.'s (ISRG) second-quarter earnings rose 32% behind continued strong sales growth for its surgical robots, but the company also cautioned that it's seeing a decline in domestic prostate-cancer surgeries.
Yahoo's New CEO Mayer Lured From Google With $60M Package
Yahoo! lured its new CEO Marissa Mayer away from Google with a package that will pay her at least $60 million over the next five years.
London, Singapore Bourses Held Merger Talks
London Stock Exchange Group PLC (LSE.LN) and Singapore Exchange Ltd. (S68.SG) have held informal talks about a potential merger, the Daily Telegraph reported Thursday.
Google Posts a Gain in Profit
Google Inc. (GOOG) said its second-quarter profit jumped 11%, thanks to growing interest in the advertising placed on its Internet search engine, even as the prices paid by advertisers continued to drop.
Visa to Add $150 Million to Litigation Escrow
Visa Inc. (V), the world's largest payment network, said Thursday it is adding $150 million to a litigation escrow following a proposed $6.6 billion settlement announced last week of numerous long-standing lawsuits brought by merchants over transaction fees.
Appeals Court Won't Lift Injunction on Galaxy Tab Sales
A federal appeals court Thursday refused to lift a preliminary injunction that banned sales of Samsung Electronics Co.'s (SSNHY, 005930.SE) Galaxy Tab 10.1 touchscreen tablet computer at the request of Apple Inc. (AAPL).
Peru To Reform its Private Pension System
Peru's executive branch on Thursday approved a series of reforms to the nation's private pension-fund system that President Ollanta Humala's administration says will expand coverage for residents of this Andean nation.