Stocks Making Headlines: GlaxoSmithKline plc (ADR) (NYSE:GSK); TW Telecom (NASDAQ:TWTC); Texas Instruments (TI) (NASDAQ:TXN)
Dallas, Texas, 09/23/2014 (ustrademedia) – U.K Pharma major GlaxoSmithKline plc (ADR) (NYSE:GSK) China unit was fined close to $500 million by the Chinese authorities in relation to a bribery investigation which had been on since 2013. The investigators had looked into allegations of medical representatives in China attempting to bribe doctors in China to prescribe their company medicines. The investigations had led to a substantial decline in the sales for the pharma major in China. The stringent investigations by Chinese antitrust agencies have encompassed global giants operating in various sectors of China. Multinational companies have in turn started to voice their disquiet of about the development and have warned of likely dimming of the market appeal to outsiders if the drive continues.
Managed telecom and network services provider TW Telecom (NASDAQ:TWTC) announced on 22nd September that it is augmenting its current network in the San Diego area. The new infrastructure will help the firm provide stepped up Internet services to the newly established business parks in Carlsbad. TW Telecom (NASDAQ:TWTC) hopes to also increase its footprint in the internet data and, Business Ethernet and Intelligent Network market space through these new investments in infrastructure. Recently, the firm had rolled out an exhaustive infrastructure development plan for the coast of California.
Technology sector pioneer Texas Instruments (TI) (NASDAQ:TXN) announced yesterday that it is introducing to the market, its first transimpedance amplifier (TIA) which is designed to support the 100G optical networking market. The newly released component would allow the network to achieve high levels of sensitivity in data transfer, while being subjected to a very negligible cross talk chances and generation of very low input of referred noise. Texas Instruments (TI) (NASDAQ:TXN) hopes to capture a large part of the hot-pluggable transceivers market through the launch of this amplifier. The product is priced at $45 per unit.