Cisco to Acquire Meraki and 3 Heavily Traded Shares Move Today
Citigroup Inc. (NYSE:C): According to the Reserve Bank’s Deputy Governor Lesetja Kganyago, the inclusion of South African debt in Citigroup Inc.’s World Government Bond Index will contribute to the rand and stay the world’s most unsettled currency. Entrance into Citigroup’s gauge this past October may have accelerated the currency’s 8.4% depreciation against the dollar as slowing world wide growth, lower commodity prices and labor strikes curbed the appetite for local assets, Kganyago said.
Cnooc (NYSE:CEO): According to the Wall Street Journal, Cnooc and Nexen (NYSE:NXY) have resubmitted their application for review of Cnooc’s $15.1 billion takeover deal to the United States government.
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Cisco Systems, Inc. (NASDAQ:CSCO) has been raising their position as a premiere cloud player with their pending purchase of cloud-based network vendor Meraki Inc., their new OpenStack distribution channel, and support for the Citrix-backed Apache CloudStack. Cisco’s cloud spending spree continued during the days leading up to Black Friday as they announced their plan to acquire Cloupia, a Santa Clara, California-based cloud automation software provider, for $150 million.
Facebook Inc (NASDAQ:FB): Paul Ceglia of Wellsville, New York, the man claiming to have part ownership of Facebook, indicated that his lawyer, Dean Boland, no longer wants to work on the case as he has received threats. However, Ceglia has opposed Boland’s motion to withdraw. In a statement he said, “I appreciate the fear for his own safety and the threats that have been made against him. Worse has happened to me.”
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