On Friday, Shares of Hewlett-Packard Company (NYSE:HPQ), gained 2.75% to $34.76.
HP (HPQ) and Tsinghua Holdings jointly declared a partnership that will bring together Chinese enterprise technology assets of Hewlett-Packard and China’s prestigious Tsinghua University to create the leading Chinese provider of technology infrastructure.
Under the definitive agreement, Tsinghua Holdings partner, Unisplendour Corporation, will purchase a 51% stake in a new business called H3C, comprising H3C Technologies and HP’s China-based server, storage and technology services businesses, for about $2.3 billion, valuing the total business at $4.5 billion (net of cash and debt). Combining these two entities, the new H3C will be a technology powerhouse in China with a market-leading portfolio that will be #1 in networking and a leader in servers, storage and technology services.
Hewlett-Packard Company, together with its auxiliaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), in addition to to the government, health, and education sectors worldwide.
Shares of The Western Union Company (NYSE:WU), inclined 0.27% to $22.56, during its last trading session.
The Western Union Company (WU), leader in global payment services, and Synovus Bank, one of the largest community banks in the Southeast, has launched Western Union international and domestic Money Transfer® and bill payment services at 249 Synovus Bank full-service branches.
Both Money Transfer® and bill payment services are now accessible to consumers at Synovus Bank, and money can be sent to more than half a million Western Union Agent locations in more than 200 countries and territories.
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment offers cash money transfer services involving walk-in agent locations.
At the end of Friday’s trade, Shares of IntelliPharmaCeutics Intl Inc (USA) (NASDAQ:IPCI), gained 5.44% to $ 3.10.
Intellipharmaceutics International Inc., declared that the United States Food and Drug Administration offered the Company with notification regarding its Investigational New Drug Application submission for Rexista(TM) Oxycodone XR (Abuse Deterrent oxycodone hydrochloride) extended release tablets. The notification from the FDA stated that the Company will not be required to conduct Phase III studies if bioequivalence to Oxycontin(TM) is demonstrated.
Intellipharmaceutics International Inc., a pharmaceutical company, engages in the research, development, and manufacture of novel and generic controlled and targeted release oral solid dosage drugs in Canada.
Finally, Unum Group (NYSE:UNM), ended its last trade with -0.03% lost, and closed at $ 34.94.
After 12 years as chief executive officer of Unum Group (UNM), Thomas R. Watjen stepped down at the company’s annual shareholder meeting recently and Richard P. McKenney assumed the role of CEO.
“For many years we have been committed to a rigorous leadership development and succession planning process,” Watjen said. “We are well-positioned for the future and I step back knowing that Unum is in very good hands and poised for even greater things ahead.
Unum Group, together with its auxiliaries, provides group and individual disability insurance products in the United States and the United Kingdom. The company operates through three segments: Unum US, Unum UK, and Colonial Life.
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