China online travel provider Qunar Cayman Islands (QUNR) received mixed reviews from analysts following its first-quarter earnings and its rejection of a buyout offer from Ctrip, China’s leading online travel agency. Qunar reported Q1 revenue of $108.3 million, an increase of 100% from the same quarter a year earlier and topping the consensus estimate. Its per-share loss was less than expected as well. Qunar said that it had rejected the
Embattled generic drugmaker Perrigo (PRGO) agreed to buy a portfolio of over-the-counter drugs from GlaxoSmithKline (GSK) Tuesday, in a move some interpreted as helping it fend off the advances of Mylan (MYL). For an undisclosed sum, Perrigo agreed to acquire a variety of products including cold and flu medicines, nicotine patches and cold-sore treatments, whose sales totaled $110 million last year largely in European markets. Glaxo, for its part,
Mobile devices are a company’s biggest vulnerability, according to a new security report out Tuesday from Check Point Software (CHKP). The San Carlos, Calif.-based company’s 2015 Security Report, its third annual report, is based on more than 300,000 hours of monitored network traffic. It outlines major security threats that are impacting organizations worldwide. The network security company said malware is rising at “alarming rates,” with