November 17, 2014 1:18 pm
Pfizer Inc. is to pay $850 million for rights to a cancer drug, developed by Merck KGaA. The deal is to grant Pfizer the opportunity to get an experimental treatment such as the one it looked for when it made its takeover bid for Astrazeneca Plc. Merck made an official statement today saying that the […]
Read moreNovember 17, 2014 12:14 pm
People familiar with the situation reported that Actavis Plc is approaching the finalization of a deal with Allergan Inc. estimated to more than $64 billion. The deal is to allow Allergan to fend off a hostile takeover bid from Valeant Pharmaceuticals International Inc. The people, who asked not to be identified because the information is […]
Read moreNovember 17, 2014 11:02 am
Japans Toray Industries Inc said it agreed to become the sole supplier of carbon fiber for Boeings 777X passenger jet in addition to the 787 Dreamliner. The world’s largest carbon fiber maker said the new supply contract will extend the existing one with more that 10 years, with expected material orders for both planes to […]
Read moreNovember 17, 2014 9:36 am
Apple Inc reached a deal with UnionPay, the only domestic bank card issuer in China, securing easier purchases for customers in the region. In an effort to diversify payment methods for its Chinese users, Apple will now allow them to link their Apple ID with a debit or credit card issued by UnionPay. The move […]
Read moreNovember 17, 2014 9:35 am
The largest social network in the world – Facebook Inc. – was reported to have been secretly working on a new project called “Facebook at Work”. The new website of the company is a step that is supposed to provide it with the opportunity to set foot at companies offices. The new product is to […]
Read moreNovember 17, 2014 8:25 am
Kenneth Feinberg, compensation expert hired by General Motors, extended by one month the time frame to file death and injury claims related to the companys faulty ignition switches. Originally, the program, which started August 1, was supposed to end December 31. However, under heavy pressure from families, politicians, safety advocates and lawyers, the deadline was […]
Read moreNovember 16, 2014 8:07 am
The largest food company by sales in the world – Nestle SA said on Friday that it is trying to find a partner for its frozen-products division Davigel European as one of a variety of strategic options for its business. “This mainly involves identifying a partner to help Davigel in its next stage of growth […]
Read moreNovember 15, 2014 9:26 am
Amazon.com Inc. struck a new multi-year publishing deal with Hachette Book Group over print and digital books, bringing to an end a dispute started in early May. The main problem lied in the disagreement on how e-books should be priced and what part of their revenue should each party involved get. In line with the […]
Read moreNovember 14, 2014 2:12 pm
Alibaba Group Holding Ltd. unveiled its first U.S. bond sale, following a significant stock price increase since its record $25 billion initial public offering. Asia’s largest Internet company will try to raise as much as $8 billion in the upcoming weeks, according to people with knowledge on the matter. An initiative of that size would […]
Read moreNovember 14, 2014 1:51 pm
Oracle Corp. was reported to have accepted a total of $359 million in damages award in order to put an end to its copyright lawsuit against SAP SE, the biggest back-office business-management software supplier. According to a court filing posted today, SAP is to pay a total of $356.7 million plus $2.5 million in interest. […]
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