Thursday April 19 08:57 pm
Financial News Thu Apr 19th 2012 - India Missile Launch, GlaxoSmithKline, Coursera
The Wall Street Journal reports, GlaxoSmithKline launched an unsolicited $2.6 billion offer, for longtime research partner Human Genome Sciences, making a bet on the sales prospects of several drugs, the companies are developing together. The bid could mean Glaxo has confidence in experimental drugs, for diabetes and cardiovascular disease, that were discovered using Human Genome Sciences technology. Glaxo is carrying out large clinical trials of the compounds, and plans to disclose data on the diabetes treatment this summer. The Wall Street Journal also reports, when Microsoft releases data on its third-quarter earnings today, investors will be watching closely for insights about a coming product, that is vital to the software giant's relevance in computing. Microsoft has spent the past two years developing Windows 8, the next edition of its flagship computer operating system, which will, for the first time, run on both desktop computers and tablet devices. Windows 8 is Microsoft's best hope, for competing with devices, running Google's Android operating system and Apple's iPad and iPhone products. Reuters reports, India successfully test-fired a nuclear-capable missile, that can reach Beijing and Eastern Europe. Up to date, only the U.N. Security Council permanent members - China, France, Russia the United States and Britain - along with Israel, are believed to have such long-range weapons. Fast emerging as a world economic power, India is keen to play a larger role on the global stage, and has long angled for a permanent seat on the Security Council. Finally Reuters also reports, five prestigious U.S. universities will create free online courses for students worldwide, through a new, interactive education platform, called Coursera. The two founders, both professors of computer science at Stanford University, announced that they had received $16 million in financing, from two Silicon Valley venture capital firms. Coursera will offer more than three dozen college courses, through its website at coursera.org. The classes are designed and taught by professors at Stanford, Princeton, the University of California at Berkeley, the University of Pennsylvania and the University of Michigan. Coursera joins a raft of ambitious online projects, aimed at making higher education, more accessible and affordable.