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United Technologies Unveils $12 Billion Buyback
2015-10-22 04:54:10| Paper - Topix.net
"United Technologies Corp. Tuesday unveiled a $12 billion share-repurchase plan, partly funded through the sale of its Sikorsky helicopters business," confirms NASDAQ , "as the company said it continued to face sagging sales in its latest quarter." The Connecticut-based maker of Pratt & Whitney jet engines, Carrier air-conditioning equipment, and Otis elevators registered a 5.6 percent decline in third-quarter sales amid engine-delivery delays and currency headwinds.
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Western Digital to buy SanDisk for USD 19 billion
2015-10-21 14:54:00| Telecompaper Headlines
(Telecompaper) Western Digital is expanding in the storage market with the acquisition of memory card maker SanDisk for USD 19 billion. The company agreed to buy SanDisk for USD 86.50 per share in a combination of cash and WD shares. Western Digital said the takeover will double its addressable market and expand its position in higher-growth segments. The combination also enables Western Digital to vertically integrate into NAND, giving it long-term access to solid state technology at lower cost. The company said it would maintain SanDisk's manufacturing joint venture with Toshiba after the takeover. The company expects to achieve annual synergies of USD 500 million from integrating SanDisk, within 18 months of closing the takeover, and the deal should add to EPS, excluding one-time costs, within 12 months. To help finance the acquisition, Western Digital is suspending its share buyback program and has agreed USD 18.4 billion in fresh debt. SanDisk's board supports the takeover, while its shareholders will have the final say. Pending shareholder and regulatory approval, the takeover is expected to close in Q3 2016.
Intel may invest up to $5.5 billion in China facility (Reuters) -...
2015-10-21 11:12:24| Semiconductors - Topix.net
Intel Corp said it may invest up to $5.5 billion in the coming years to expand its manufacturing capacity for non-volatile memory at its Dalian facility in China. Non-volatile memory, which has the capability to retain data even if power is turned off, can be used for a wide range of purposes ranging from detecting fraud patterns in financial transactions to disease tracking.
Tags: china
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intel
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Intel may invest up to $5.5 billion in China facility (Reuters) -...
2015-10-21 11:06:14| Electronics - Topix.net
Intel Corp said it may invest up to $5.5 billion in the coming years to expand its manufacturing capacity for non-volatile memory at its Dalian facility in China. Non-volatile memory, which has the capability to retain data even if power is turned off, can be used for a wide range of purposes ranging from detecting fraud patterns in financial transactions to disease tracking.
Tags: china
facility
intel
billion
Germany audiovisual market set to top 10 billion
2015-10-21 09:00:00| Digital TV News
For the first time, the revenue generated by audiovisual media enterprises in Germany will exceed the 10 billion limit in 2015, according to the latest market forecast published by the Association of Commercial Broadcasters and Audiovisual Services in Germany (VPRT).
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