On Wednesday, Berkshire Hathaway Inc.(NYSE:BRK.B)’s shares declined -0.79% to $141.67.
H.J. Heinz Co said that Warren Buffett’s Berkshire Hathaway Inc has become its majority shareholder by exercising a warrant ahead of the ketchup maker’s planned merger with Kraft Foods Group Inc .
In a regulatory filing, Heinz said Berkshire exercised a warrant to acquire about 46.2 million shares for nearly $462,000 this week.
Heinz said the shares represent about 5.4 percent of its outstanding common stock, and that their issuance gives Berkshire a 52.5 percent overall stake.
The warrant was issued in connection with Heinz’s $23 billion acquisition by Berkshire and Brazilian private equity firm 3G Capital in 2013.
Shareholders of Kraft are planned to vote on July 1 on the Heinz merger, which would create one of the world’s largest food and beverage companies.
Heinz owners would get a 51 percent stake in the combined company, which would be known as Kraft Heinz Co.
Berkshire would own about 27 percent of the combined company, but 3G would oversee day-to-day operations.
Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its auxiliaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska.
Marvell Technology Group Ltd. (NASDAQ:MRVL)’s shares dropped -1.20% to $12.40.
Marvell (MRVL) — a worldwide leader in providing complete silicon solutions from mobile communications to storage, Internet of Things (IoT), cloud infrastructure, digital entertainment, in-home content delivery and Kinoma® software enabling the “Smart Life and Smart Lifestyle”— declared that SDI Technologies, a 60 year CE giant and parent company of iHome, a major consumer electronics manufacturer with products in 50+ million US homes and sold at retailers in 70 countries worldwide, has selected Marvell’s EZ-Connect™ IoT platform and SDK to power its iHome iSP5 SmartPlug.
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers mobile and wireless products comprising communications and applications processors; thin modems; and connectivity solutions, counting Wi-Fi, Bluetooth, near field communication, and FM; and mobile computing products, in addition to silicon solutions and Kinoma software.
At the end of Wednesday’s trade, Google Inc (NASDAQ:GOOGL)‘s shares surged 0.17% to $691.47.
Google Inc (NASDAQ:GOOGL)’s life sciences group has created a health-tracking wristband that could be used in clinical trials and drug tests, giving researchers or physicians minute-by-minute data on how patients are faring.
The experimental device, developed within the company’s Google X research division, can measure pulse, heart rhythm and skin temperature, and also environmental information like light exposure and noise levels. It won’t be marketed as a consumer device, said Andy Conrad, head of the life sciences team at Google.
Google offers health-monitoring smartwatch features in its Android Wear software platform for consumers, through partners such as LG Electronics Inc. Apple Inc. and others also have smartwatches and devices with health features. Yet most existing consumer devices aren’t rigorous enough for research, said Conrad.
Google Inc., a technology company, builds products and provides services to organize the information. The company offers Google Search, which provides information online; Google Now that offers information to users when they need it; AdWords, an auction-based advertising program; AdSense, which enables Websites that are part of the Google network to deliver ads; DoubleClick Ad Exchange, a marketplace for the trading display ad space; and other advertising platforms, such as AdExchange and AdMob. It also offers YouTube that offers video, interactive, and other ad formats; Android, an open source mobile software platform; hardware products, counting Chromebook, Chrome OS devices, Chromecast, and Nexus devices; Google Play, a cloud-based digital entertainment store for apps, music, books, and movies; Google Drive, a place for users to create, share, collaborate, and keep their stuff; and Google Wallet, a virtual wallet for in-store contactless payments.
Allscripts Healthcare Solutions Inc (NASDAQ:MDRX), ended its Wednesday’s trading session with -0.59% loss, and closed at $14.36.
Allscripts Healthcare Solutions, Inc. (MDRX) declared its financial results for the three and six months ended June 30, 2015.
Second-Quarter and Six-Month Bookings Highlights:
Bookings(1) were $260 million, a second-quarter record, contrast with $233 million in the second quarter of 2014, an 11 percent enhance. A higher mix of new client sales across Allscripts portfolio, counting acute solutions in both international and domestic markets, ambulatory and payer life sciences solutions, drove second quarter 2015 bookings performance on a year-over-year basis.
About 65 percent of second-quarter bookings related to software delivery, while the remaining 35 percent related to sales of client services. This compares with 58 and 42 percent of bookings attributable to these revenue categories, respectively, in the second quarter of 2014. Software delivery bookings raised 25 percent in the second quarter, year-over-year.
Allscripts Healthcare Solutions, Inc. provides clinical, financial, electronic health records (EHR), connectivity, hosting, outsourcing, analytics, patient engagement, and population health products and services in the United States and Canada. It operates in three segments: Clinical and Financial Solutions, Population Health, and Managed Services. The Clinical and Financial Solutions segment provides integrated clinical software applications, financial and information solutions, and related installation and maintenance services, counting EHR related software, financial and practice administration software, related installation and training services, and electronic claims administration services.
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