TDC Plummets 19% after Ditching Dividend

TDC A/S (CPH: TDC) shares saw its biggest decline in nearly a decade, falling as much is 19%, after the Danish telecommunications company ditched its dividend payment and downwardly revised its profit forecast for the year. TDC led the decliners on the Stoxx Europe 600 Index. Shares were down to 31.44 kroner, 10% lower, in the afternoon in Copenhagen, erasing […]

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Dalian Wanda Group Buys Legendary Entertainment in $3.5Bln Deal

China-based Dalian Wanda Group (HKG:3699) is going to Hollywood, purchasing the Legendary Entertainment film studio in a $3.5 billion deal that would turn its company chairman into a movie mogul. Wang Jianlin, chairman of Wanda and the richest man in China, has been ramping up his efforts to diversify his portfolio overseas. Wang announced the acquisition at a news conference […]

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Shire and Baxalta to Merge in $31 Billion Deal

After six months of courtship, Shire (NASDAQ:SHPG) and Baxalta (NYSE:BXLT) have come to a merger agreement in a deal worth approximately $31 billion. If the deal goes through, the combined companies would create a giant in the rare disease treatment industry. Baxalta, formerly a part of Baxter International (NYSE:BAX), generates the majority of its revenue from its drug for hemophilia, […]

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Walgreens Beats Estimates, Shares Jump 3.5%

Walgreens Boots Alliance Inc. (NASDAQ:WBA) beat earnings estimates, as major trends in prescription drugs offset a slump in retail sales. Walgreens attracted shoppers by offering a better overall shopping experience and offering high-end products. In the U.S., Walgreens same-store retail sales declined 0.6% in the quarter ended on November 30 compared to the previous year. Excluding one-time items, earnings reached […]

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