Biogen Appoints Tony Kingsley as Head of Global Commercial Operations

New York, September 30 (FinanceEnquiry.com) – Biotechnology Company Biogen Idec Inc (NASDAQ: BIIB) announced on Thursday the appointment of Tony Kingsley as its new EVP global commercial operations, replacing Francesco Granta. Kingsley, who will take over on November 7, will look after development and...

SMBC Plans to Buy Subsidiary Promise for $1.1 Billion

New York, September 30 (FinanceEnquiry.com) – Sumitomo Mitsui Banking Corp (SMBC) is planning to buy its subsidiary Promise Co, which is a consumer lending company for $1.1 billion. Promise has been hit hard by losses from repaying overcharged interest to borrowers. SMBC’s core banking unit is...

McGraw Hill and CME Plan Joint Stock Index Businesses

New York, September 30 (FinanceEnquiry.com) – A joint venture is being planned by McGraw-Hill and CME Group to combine their stock market index businesses, uniting Standard & Poor’s 500 Index and the Dow Jones Industrial Average. It has been reported that in the private talks between the two...

Micron Technology Shares Fall on Surprise Q4 Loss

New York, September 30 (FinanceEnquiry.com) – The current economic downturn has left customers worried and most of them are putting off large purchases of PCs and others are choosing tablets like Apple’s iPad over laptops. The result is that sales of PCs, which use DRAM chips as primary memory, have...

Oracle Takes a Shot at HP Acquisition of Autonomy

New York, September 30 (FinanceEnquiry.com) – The $10.3 billion acquisition of Autonomy Corp by Hewlett Packard (NYSE: HPQ) gave fodder to Larry Ellison, Oracle’s Chief Executive, to pelt a new level of verbal potshots. The topic of the outburst this time was whether the deal for taking over Autonomy...

BofA Plans to Charge $5 Per Month for Debit Cards Usage

New York, September 30 (FinanceEnquiry.com) – The Federal Reserve’s rules limiting swipe fees or interchange will be effective next month. Bank of America (NYSE: BAC) is planning to introduce a $5 monthly charge for some debit card users in order to recover the revenue that it will lose because of...

Accenture Expects Strong 2012

New York, September 30 (FinanceEnquiry.com) – Accenture (NYSE: ACN), the technology outsourcing and consulting company, believes that it will have a strong showing in 2012 after reporting market-beating quarterly results despite the debt crisis in Europe, the sluggish U.S. economy and the consequent...

Nokia Plans to Shed 3500 Jobs Globally

New York, September 29 (FinanceEnquiry.com) – The world’s largest phone maker by volume, Nokia, is planning to shed 3,500 jobs globally in an effort to realign and scale down its business, and modify and re-orient its manufacturing operations to satisfy the aspirations of its customers. Nokia’s...

Companies Delay or Withdraw IPOs at Record Pace Globally

New York, September 29 (FinanceEnquiry.com) – The staggering world economy has plunged shares, and as a result the market is witnessing large scale cancelation or postponement of IPOs. The pace at which IPOs are being withdrawn or delayed is a record. In the current year, the value of delayed or...

Collectible Toys and Games for this Holiday Season

New York, September 29 (FinanceEnquiry.com) – The holiday season is fast approaching and the focus this year is on collectible toys and games. The rationale behind this approach of toy makers is that children love to collect things. The hint has also been taken from last year’s toy hits and as such...

Microsoft and Samsung Extend their Smartphone Partnership

New York, September 29 (FinanceEnquiry.com) – Microsoft (NASDAQ: MSFT) and Samsung Electronics said Wednesday that they have agreed to cross license one another’s patent portfolios. Microsoft will get royalties for Samsung’s sales of mobile phones and tablets running on Google’s (NASDAQ: GOOG)...

GM Workers Approve New Labor Contract

New York, September 29 (FinanceEnquiry.com) – The new four year contract with General Motors (NYSE: GM) has been ratified by its factory workers. According to the new contract, workers will get profit sharing instead of pay hikes and thousands of new jobs will be created. The voting by GM’s 48,500...