Articles by Jerin Mathew

Follow : @jerinmatthewmm Email : j.mathew@ibtimes.com

Microsoft joins $5.3 billion Informatica

Informatica taken private with Microsoft and Salesforce joining in as strategic investors

Informatica has been delisted from Nasdaq after it was taken private in a $5.3bn buyout.

Aug 7, 2015

Microsoft

William Ackman reveals $5.5bn stake in Cadbury owner Mondelez

Activist investor is expected to pressurise Mondelez board to boost earnings or sell itself.

Aug 7, 2015

Pfizer, Flynn Pharma accused of overpricing anti-epilepsy drug

UK's Competition and Markets Authority could fine the companies 10% of their global turnover, if found guilty.

Aug 6, 2015

Adidas acquires fitness app maker Runtastic for €220m

Runtastic will remain its own entity and continue to operate from its current offices.

Aug 6, 2015

Ryanair becomes first airline to fly 10 million monthly passengers

In July, airline's traffic increased 11% year over year to 10.14 million customers.

Aug 6, 2015

Hedge funds likely gained £10m by shorting RBS shares

George Osborne was criticised for allowing hedge funds to generate huge profits.

Aug 6, 2015

George Osborne

London City Airport up for sale at estimated £2bn

Global Infrastructure Partners is appointing advisers with target to complete sale of airport in 2015.

Aug 6, 2015

Uber is world's highest valued start-up at $50bn

Chinese smartphone maker Xiaomi is second-biggest at valuation of $46bn, followed by Airbnb at $25.5bn.

Aug 5, 2015

Uber Snapchat

Foxconn plans major investment to set up plants in India

Company in talks with Indian firms Adani Enterprises, Micromax and Snapdeal to set up factories.

Aug 5, 2015

Robert Downey Jr named highest-paid actor at $80m

Jackie Chan is at number two, followed by Vin Diesel, Bradley Cooper and Adam Sandler.

Aug 5, 2015

Marvel

$Shire\'s manufacturing facility in Lexington$

Baxalta rejects Shire's $30bn all-stock offer

Baxalta says proposal significantly undervalues company and its prospects for growth and value creation.

Aug 5, 2015

Pfizer gets European approval for $16bn Hospira acquisition

Pfizer is to sell assets including Infliximab biosimilar drug to sustain competition in the European market.

Aug 5, 2015

China loses title as world's most liquid stock market after curbs on trading

Daily turnover on mainland exchanges averaged the equivalent of $202bn over past 30 days, $72bn lower than US.

Aug 4, 2015

Andaman Islands Missing flight Malaysia Airlines MH370

Malaysia Airlines CEO says social media hype over missing Flight MH370 hurting ticket sales

Airline intends to restart under new legal identity and aims to cut expenses to compete with low-cost rivals.

Aug 4, 2015

Job cull expected at Scunthorpe, Teesside and Workington work sites despite winning new contract to supply Network Rail (Photo: Reuters)

Gary Klesch scraps plan to buy Tata Steel's Scunthorpe plant, blames government

He said UK government has failed to tackle energy costs and Chinese imports.

Aug 4, 2015

Oil prices recover but stay below $50 mark

Brent oil was at its lowest since January as Opec output hit a recent high in July

Aug 4, 2015

$Nokia\'s HERE Maps Business$

Nokia confirms Here Maps acquisition by German automakers at €2.8bn

Nokia selling maps unit to consortium comprising Audi, BMW and Daimler.

Aug 3, 2015

Nokia

China's manufacturing activity plunges to lowest level in 3 years

Caixin/Markit final purchasing managers' index (PMI) declined to 47.8 in July from 49.4 in June.

Aug 3, 2015

Halliburton agreed to buy Rival Baker Hughes for About $35bn

European Commission seeks additional information from Halliburton over $35bn merger with Baker Hughes

Halliburton says it will work closely and cooperatively with commission to provide additional information.

Aug 3, 2015

Daimler, BMW and Audi consortium reaches deal to buy Nokia Here

German firms to invite Fiat, Renault, Ford and Toyota to invest in Nokia Here.

Aug 3, 2015

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