United States

Two state leaders express concerns over Pfizer’s potential takeover of AstraZeneca

Governors of Delaware and Maryland have expressed their concerns over the impact of Pfizer Inc.'s proposed takeover of British pharmaceuticals giant AstraZeneca on workers as well as the states' economies.

Co-op Bank’s cash call to reduce Co-op Group’s stake

The Co-op Bank has just completed a £400 million cash call that will slash the Co-operative Group's stake in the bank and decrease the number of directors nominated by the distressed group on its board.

Apple may acquire Beats for $3.2 billion

Cupertino, Calif.-based tech giant Apple Inc. is reportedly pursuing talks to acquire headphone maker & music-streaming service provider Beats Electronics for around $3.2 billion (£1.9 billion).

Emerging reports say that the acquisition, which could be announced as soon as next week, will be the Cupertino firm's biggest ever acquisition deal, if completed.

BT reports better-than-expected annual profits

Stock in BT gained nearly 3 per cent on Thursday after the telecoms giant reported better-than-expected annual results.

Underlying pre-tax profits increased by 9 per cent to £901 million in the twelve month ended March 31, while underlying revenues jumped 0.5 per cent.

EU membership offers no trade benefit to UK: Civitas

The UK has not gained any "insider advantages" in trade with other European countries from its European Union (EU) membership, social policy think tank Civitas said in its latest report.

Shire raises full-year growth forecast; shares jump

Stock in Shire Plc jumped more than 2 per cent after the pharmaceutical firm reported better-than-expected first-quarter earnings and raised its growth forecast for 2014.