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Dutch pension fund PGGM announced today that Hewlett-Packard will pay compensation of 100 mln. USD in collective action brought in connection with the acquisition of the company to handle large databases Autonomy. By PGGM argue that HP made false and misleading statements regarding the market value of Autonomy and the…

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British pharmaceutical company AstraZeneca will invest 285 mln. Dollars for the expansion of production capacities for biotech drugs in Sweden as the company focuses on new drugs produced by modern biotechnology for its future growth. The new facility for biological research in Sweden will supply drugs for testing programs for…

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Swiss National Bank (SNB) turned, she is satisfied with the effect of negative interest rates, which are exactly as expected the bank, although the Swiss franc is still significantly overvalued against the euro. It said earlier today Tsurbryuk Fritz, member of the Executive Board of the SNB. “The main interest…

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From Apple Inc said it bought small US company Coherent Navigation, working in the field of GPS technology and mapping, used in defense and aviation. Coherent Navigation technology complements Apple’s efforts in the field of cartography and navigation. After the transaction, key members of Coherent Navigation will join the team…

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The German economy is expected to continue to expand, supported by consumer spending. It said in a monthly report of the central bank (Deutsche Bundesbank), carried earlier today – just a week after the country published weaker economic growth in the first quarter. From the Bundesbank announced that the German…

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The manufacturer of internal combustion engines Rolls-Royce Holdings PLC said it will cut 600 jobs from its marine division Marine until the end of 2015, according to his plan for cutting costs, given in response to difficult market conditions. The cuts will be global, half of them will be in…

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The manufacturer of microprocessors Intel Corp. and Altera Corp. They resumed the negotiations on a potential merger worth over 13 billion. dollars, according to information in the financial press today. Discussions collapsed some time ago, as companies failed to agree on the price of the transaction. Altera shares jumped more…

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European Commission President Jean-Claude Juncker has submitted a proposal to end the deadlock in negotiations between Greece and its creditors, according to information in the Greek press today. Juncker’s plan includes reducing the target of a major surplus of Greece to only 0.75 percent from the current 3%. He also…

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The index of confidence among US builders of homes unexpectedly fell to 54 points in May from 56 in the previous month, due to negative expectations about current sales of single-family homes. This results showed the National Association of Builders of homes (NAHB) and Wells Fargo exported minutes ago. Analysts…

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The US dollar regained some of the lost positions after the start of regular US session today after the euro was under pressure to drop because of the ongoing uncertainty about the upcoming bankruptcy of Greece. EUR / USD pair dropped 1% to 1.1336 so far for the day.

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