George O'Connor News
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WANdisco Plc, a U.K. software provider to companies including Apple Inc. and Intel Corp., rose to a record as it won a U.S. patent award and joined a platform for storing and processing large volumes of data.
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Hewlett-Packard Co. accused Autonomy Corp., the software maker it bought last year, of a broad range of financial falsehoods resulting in an $8.8 billion writedown, adding to challenges facing Chief Executive Officer Meg Whitman in the midst of a multiyear turnaround. Shares plunged.
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Micro Focus International Plc is luring private-equity buyers with the cheapest valuation for a non-U.S. business software provider even as the 50-year-old computer code it was founded to translate becomes obsolete.
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ARM Holdings Plc, the U.K. designer of chips that power Apple Inc.’s iPhone, is dividing investors and analysts more than any other company in the benchmark FTSE 100 Index. So far, shareholders are the winners.
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Spirent Communications Plc, a U.K. maker of telecommunications testing systems, rose to the highest in 10 years in London trading after saying first-quarter results beat its forecasts.
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Autonomy Corp. , the U.K.’s second- largest software company, gained the most in more than 20 months in London trading after posting higher full-year profit and saying current analysts’ estimates are “conservative.”
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CGI Group Inc. rose to the highest price in 12 years after agreeing to buy Logica Plc for 1.7 billion pounds ($2.6 billion) in cash to more than double sales and expand in Europe.
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Misys Plc rose as much as 9.1 percent in London trading after people with direct knowledge of the situation said the U.K. software maker is nearing an accord to be bought by Fidelity National Information Services Inc.
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The number of Americans undergoing advanced imaging tests has skyrocketed, increasing their exposure to radiation that may result in cancer later in life, a study found.
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European stocks dropped, trimming this week’s rally in the Stoxx Europe 600 Index, after a government report showed the U.S. lost more jobs last month than economists had forecast.
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