Verizon Wireless (NYSE:VZ): Verizon Communications’s buyout of Vodafone’s (NASDAQ:VOD) 45 percent stake of the Verizon Wireless venture has become official as of Monday, as the British telecommunications firm will sell its share for $130 billion. Vodafone will receive $58.9 billion in cash, $60.2 billion in Verizon stock (which will go to Vodafone’s shareholders), and $11 billion from other transactions; it will return $23.9 billion of the cash it receives to shareholders, and the company said it will “increase the total 2014 dividend per share by 8 percent.”
Pfizer Inc. (NYSE:PFE): Pfizer and Bristol-Myers (NYSE:BMY) revealed that a trial sub-analysis of their Eliquis blood-thinner, when compared with the generic warfarin in 4,808 patients with or without some types of valvular heart disease, was consistent with the overall results of the study nicknamed Aristotle. Eliquis was able to reduce the chances of stroke or systemic embolism, caused fewer major bleeding events, and reduced all-cause mortality.
Petroleo Brasileiro S.A. (NYSE:PBR): PetroBras’s domestic crude oil output fell 4.6 percent in July over June as maintenance shutdowns at some of its oil platforms reversed an increase in the previous month. Output was placed at 1.88 million barrels per day in July, down from 1.98 million in June. Output from overseas operations totaled about 116,000 barrels per day, down around 19 percent month-over-month.
Barclays PLC (NYSE:BCS): A review of its operations in the United Arab Emirates has led the bank to decide to shutter its retail operations in the area, though it will keep its Dubai branches in order to serve corporate clients. The move is apart of an effort to help trim costs, overhead, and jobs from its international operations.