(Reuters) - ZURICH, April 25 - Novartis , the Swiss-based drugs group, will buy rights to the anti-smoking vaccine made by Switzerland's Cytos Biotechnology in a deal valued up to 600 million Swiss francs .
Novartis, which has made vaccines a key part of its growth platform, said it purchased global rights to the vaccine, CYT002-NicQb, which could be ready to market in 2011 after late-stage trials in 2008.
Read more at Reuters.com Market News
Tuesday, April 24, 2007
European Bonds Are Little Changed Before Ifo's Business Confidence Report
(Bloomberg) -- European government bonds were little changed before a survey that's expected to show business confidence in Germany climbed for a second month in April.
Benchmark European debt posted an advance last week as the euro's gain versus the dollar stoked concern about growth in the $10.4 trillion euro region economy. Germany's Ifo institute will say its gauge of business confidence in Europe's biggest economy rose to 107.9 from 107.7 in March, according to economists surveyed by Bloomberg News.
Read more at Bloomberg Bonds News
Benchmark European debt posted an advance last week as the euro's gain versus the dollar stoked concern about growth in the $10.4 trillion euro region economy. Germany's Ifo institute will say its gauge of business confidence in Europe's biggest economy rose to 107.9 from 107.7 in March, according to economists surveyed by Bloomberg News.
Read more at Bloomberg Bonds News
Autonomy Q1 profit jumps, to demerge consumer unit
(Reuters) - Autonomy posted an adjusted pretax profit of $19.5 million for the three months to March 31, compared with $10.3 million for the same period a year ago, on revenues of $65.5 million, up from $56.1 million a year ago.
The market had expected the company to post adjusted pretax profit of $18 million on revenues of $65 million, according to the average of analysts' forecasts provided by the company.
Read more at Reuters.com Market News
The market had expected the company to post adjusted pretax profit of $18 million on revenues of $65 million, according to the average of analysts' forecasts provided by the company.
Read more at Reuters.com Market News
Barclays's Varley Relies on Bank of America Agreement to Win ABN Amro Deal
(Bloomberg) -- Barclays Plc Chief Executive Officer John Varley may have Bank of America Corp. to thank for his $91 billion acquisition of ABN Amro Holding NV.
Just a week ago, Varley was at risk of losing Amsterdam- based ABN Amro to Royal Bank of Scotland Group Plc. A defeat for Varley would have left Barclays, the third-largest U.K. bank, vulnerable to a takeover, said Howard Wheeldon, senior strategist at BGC Partners, a London-based brokerage firm.
Read more at Bloomberg Currencies News
Just a week ago, Varley was at risk of losing Amsterdam- based ABN Amro to Royal Bank of Scotland Group Plc. A defeat for Varley would have left Barclays, the third-largest U.K. bank, vulnerable to a takeover, said Howard Wheeldon, senior strategist at BGC Partners, a London-based brokerage firm.
Read more at Bloomberg Currencies News
Rubber Futures Decline in Tokyo Amid Speculation Holiday Spurring Sales
(Bloomberg) -- Rubber futures in Tokyo, the global benchmark, fell to the lowest in more than a month amid speculation traders were selling ahead of Japan's Golden Week holidays next week.
Prices also dropped as a decline in the U.S. currency cut the dollar value of contracts traded in yen and amid signs Japanese economic growth may be slower than some had expected. The yen traded at 118.46 per dollar at 1:15 p.m. in Tokyo, compared with 118.59 in New York late yesterday.
Read more at Bloomberg Commodities News
Prices also dropped as a decline in the U.S. currency cut the dollar value of contracts traded in yen and amid signs Japanese economic growth may be slower than some had expected. The yen traded at 118.46 per dollar at 1:15 p.m. in Tokyo, compared with 118.59 in New York late yesterday.
Read more at Bloomberg Commodities News
Philippine Bonds Plunge After Treasurer Cruz Quits; Peso Little Changed
(Bloomberg) -- Philippine bonds fell after National Treasurer Omar Cruz resigned, raising concern that the government may change plans to narrow its budget deficit. The peso recovered from earlier losses.
Ten-year bonds fell the most in more than a month after Cruz, 52, resigned effective June 1, citing family reasons that he didn't disclose. There were ``no policy differences'' with other government officials, the treasurer said late yesterday, damping speculation he's leaving because of a disagreement.
Read more at Bloomberg Bonds News
Ten-year bonds fell the most in more than a month after Cruz, 52, resigned effective June 1, citing family reasons that he didn't disclose. There were ``no policy differences'' with other government officials, the treasurer said late yesterday, damping speculation he's leaving because of a disagreement.
Read more at Bloomberg Bonds News
Yell's Shout, DuPont's Conflict, Utility Laggards: Commentary by D. Wilson
(Bloomberg) -- Yell Group Inc.'s projection of slower sales growth in its U.S. telephone-directory unit isn't just a disappointment for its shareholders. It's the shout heard 'round the world.
Shares of U.S. and European phone-book publishers sank along with Yell, whose 20 percent decline was the biggest ever. The Reading, England-based company said U.S. revenue for the 12 months ending in March would rise 3 percent after accounting for currency swings and acquisitions.
Read more at Bloomberg Stocks News
Shares of U.S. and European phone-book publishers sank along with Yell, whose 20 percent decline was the biggest ever. The Reading, England-based company said U.S. revenue for the 12 months ending in March would rise 3 percent after accounting for currency swings and acquisitions.
Read more at Bloomberg Stocks News
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