General Motors (NYSE:GM) is recalling over 145,000 of its Chevrolet Colorado and GMC Canyon pickup trucks, from the model years 2010 through 2012, to fix their hoods which can fly open unexpectedly and block the driver’s vision. According to the US National Highway Traffic Safety Administration, some of these trucks may have a secondary could latch missing and could open in case the main latch was not fastened.
Amazon Studios (NASDAQ:AMZN) is to produce pilot episodes of six original comedy series and will post these on its Amazon Instant Video service for customers to watch free. Feedback will determine which series would be produced. The pilots include ‘Alpha House’ written by Pulitzer winner Garry Trudeau and musical comedy ‘Browsers’ authored by Emmy winner David Javerbaum.
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A report in Swiss newspaper L’Agefi that said Roche Holding (NYSE:ROG) may have agreed to buy Illumina Inc. (NASDAQ:ILMN) at a price over 48% more than its previous failed bid. This announcement propelled Illumina shares higher today. According to the newspaper, the two companies have probably agreed to a $66 bid that may be announced in January. That would mean a bid aggregating about $8.1 billion – much higher than the offer of $6.7 billion rejected by Illumina in April last year.
Intercontinental Exchange (NYSE:ICE) agrees to acquire NYSE Euronext (NYSE:NYX) in a stock and cash transaction worth approximately $8.2 billion. NYSE Euronext shareholders can opt for $33.12 in cash per share or 0.2581 shares of ICE per share or a mix of cash and stock. The price of $33.12 represents a premium of 37.7% on NYSE Euronext’s closing price yesterday. The acquisition will create a global exchange operator that will straddle diversified markets such as commodities, credit derivatives, equities and equity derivatives, foreign exchange and interest rates.
Problems with building drivers around Intel’s new energy-efficient Clover Trail chip, designed specifically for Windows 8 tablets, have led to computer manufacturers such as Dell (NASDAQ:DELL) and Hewlett-Packard (NYSE:HPQ) putting off their launches of these tablets to January next year. Reportedly, drivers for the new chip are not stable enough to pass Microsoft’s (NASDAQ:MSFT) Windows Hardware Quality Labs testing.
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