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Business News - part 40

Oracle Pays $1.5 Billion For Enterprise Software Maker Responsys To Expand Into Online Marketing

Oracle Pays $1.5 Billion For Enterprise Software Maker Responsys To Expand Into Online Marketing

BUSINESS

  • Responsys to become part of a package of business services called Oracle’s Customer Experience Cloud
  • Oracle adding services to remain relevant
  • Cloud services to see future growth

Oracle, the world’s largest seller of database software, has agreed to purchase enterprise software company Responsys for about $1.5 billion to further expand into online marketing.

Responsys manufactures software that lets companies provide social advertising across the internet and coordinate their display, email and mobile efforts. Its customers include United Healthcare, Southwest Airlines and LinkedIn.

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Pharma Giant AstraZeneca Buys Bristol-Myers Squibb’s Diabetes Business For $4 Billion

Pharma Giant AstraZeneca Buys Bristol-Myers Squibb’s Diabetes Business For $4 Billion

BUSINESS

  • Deal ends partnership between the companies
  • Diabetes drugs to bring in more revenue
  • Number of diabetics expected to increase to 550 million

Pharmaceutical giant AstraZeneca is purchasing Bristol-Myers Squibb’s half of the diabetes business the companies formed in 2007 for up to $4.3 billion.

To take control of the franchise, $2.7 billion will be paid up front with $1.4 billion paid in future payments, with an additional $225 million following the completion of asset transfers. Sales-related royalties also will be paid until 2025.

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Facebook Buys Sports Data Startup SportStream

Facebook Buys Sports Data Startup SportStream

BUSINESS

  • SportStream app allows user to search internet for sports references
  • Facebook aims to provide meaningful content to users; allow partners to collect and use insight
  • Integration to give Facebook real-time data analysis

Social media network Facebook has purchased sports data startup SportStream for an undisclosed amount.

SportStream’s app searches social networks and news websites for references to sports teams and sporting events.

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US Retail Sales Jump 0.7% in November

US Retail Sales Jump 0.7% in November

BUSINESS

  • Jump beats economists forecast of 0.6%
  • Consumer confidence appears to be growing
  • Economists have revised fourth quarter figures

US retail sales grew 0.7% in November, beating economists’ forecast of 0.6%. The gain was the largest in five months and defied expectations for a slow holiday season.

The November figure includes one of the biggest days of the holiday shopping season, Black Friday, but excludes Cyber Monday.

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European Military Budget Cuts Lead To Loss Of 5,800 Jobs At EADS

European Military Budget Cuts Lead To Loss Of 5,800 Jobs At EADS

BUSINESS

  • Job cuts include 1,300 temporary and 4,500 permanent staff, or roughly 5% of EADS labor force
  • Most cuts to come from France and Germany
  • Job losses part of strategic plan to turn focus from failing defense market to booming commercial jet market

Airbus parent European Aeronautic Defense and Space (EADS) plans to cut 5,800 jobs over the next three years in response to European government military budget cuts.

The job reduction will consist of 1,300 temporary and 4,500 permanent staff, roughly 5% of EADS’ international labor force of around 133,000. Of the 4,500 permanent staff who are let go, most will come from early retirement or other voluntary measures. Also, 1,500 staff will be given the option to transfer to EADS’ Eurocopter or Airbus units.

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China Mobile Taking Preorders For iPhone 5S

China Mobile Taking Preorders For iPhone 5S

BUSINESS

  • Preorders also being taken for competitors’ models
  • Apple could see 17% increase in sales
  • Carrier about to launch 4G to its customers

China Mobile Ltd., the world’s largest mobile carrier by subscribers, is prepared to begin taking preorders for the iPhone 5S and 5C, after signing a deal with Apple.

Pricing plans have yet to be released, but the carrier hopes it can lure customers to more popular data plans.

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Oil Giant Shell Cancels $20-Billion Project In The US

Oil Giant Shell Cancels $20-Billion Project In The US

BUSINESS

  • Project canceled related to converting gas to jet fuel
  • Large cost cited as reason for cancellation
  • Shell committed to gas-to-liquids technology

Anglo-Dutch oil giant Royal Dutch Shell, Europe’s largest oil company by market capitalization, has cancelled a $20 billion project in the US, which would have converted gas to jet fuel, citing the expense of the project.

The uncertainty of long-term oil and gas prices and differentials also played a role in Shell’s decision.

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SolarCity Provides Commercial Customers Tesla Motors Batteries

SolarCity Provides Commercial Customers Tesla Motors Batteries

BUSINESS

  • SolarCity Corp offering business customers in New England and areas of California power-storage systems within next six months
  • Batteries expected to reduce peak energy consumption from the grid and create cost savings of roughly 20%
  • Company capitalizing on expansion of advanced battery market

SolarCity Corp, the second-biggest solar company in the US, is offering business customers power-storage systems to give them electricity during power outages and help cut utility fees.

Lyndon Rive, SolarCity’s CEO said in an interview that offices, schools and retailers in New England and areas of California—where utility demand charges are high enough to ensure savings—will consume less peak energy from the grid, create and regulate their own electricity. He also claimed that the power-storage system would lower utility costs by roughly 20%.

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GM, Chrysler Show Best US Auto Sales Growth In Over 5 Years

GM, Chrysler Show Best US Auto Sales Growth In Over 5 Years

BUSINESS

  • Chrysler and GM at head of record US sales gains, best since 2007 at 8.9%
  • Annual sales rate for US automakers at 16.4 million vehicles, primarily cars and light trucks
  • Following economic meltdown in 2009, automakers controlling size of incentives offered

Chrysler Group and General Motors Co. were leaders in US automotive sales for the month of November, reporting an increase of 8.9% or the fastest rate of increase since 2007. The increase, which exceeds the year-to-date gain of 8.4%, is significant as US sales are generally lower in November.

Research firm Autodata Corp reports that in November, when adjusted for seasonal patterns, the US automotive manufacturing industry recorded an annual sales rate of 16.4 million vehicles. Light truck and car deliveries increased by 16% and 14% for Chrysler and GM, respectively, and over 10% for Nissan and Toyota.

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Saab Re-Starts Automobile Production After Two-Year Hiatus

Saab Re-Starts Automobile Production After Two-Year Hiatus

BUSINESS

  • Saab’s 9-3 sedan model to look similar to those produced in 2011
  • Production will be modest, with only 200 vehicles ordered
  • NEVS to focus on electric vehicles with electric model to debut in 2014

For the first time two years, Saab Automobile, owned by investment group National Electric Vehicle Sweden (NEVS), has begun production of its 9-3 model sedan at the Trollhattan factory in western Sweden. 

The vehicle is gas powered, and will be similar to the 2011 version. The sedan will be sold in Sweden and China for $42,550, starting Dec. 10 on NEVS’s website.

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