January 12, 2015 10:40 am
Roche Holding AG agreed to acquire a majority stake in Foundation Medicine Inc for more than $1 billion, increasing its presence in cancer treatment. The Swiss drugmaker said on Monday that it will enter a strategic collaboration with Foundation by purchasing as much as 56.3% in the Cambridge, Massachusetts-based company. Roche will initiate a tender […]
Read moreJanuary 12, 2015 10:37 am
Volkswagen AG announced that it managed to deliver more than 10 million vehicles in 2014, marking the accomplishment of an annual sales goal four years earlier than the company initially planned, thanks to stable growth in China. The Germany-based company has set an objective to become the largest auto manufacturer by sales by 2018, while […]
Read moreJanuary 12, 2015 9:01 am
The third-biggest drug manufacturer in the U.K., Shire Plc, said in an official statement that it reached an agreement to acquire NPS Pharmaceuticals Inc. at the price of $5.2 billion. The purchase is considered part of the companys efforts to expand its products range for medicines used to treat rare diseases. The Chief Executive Officer […]
Read moreJanuary 11, 2015 9:47 am
AbbVie Inc. revealed in an official statement that it expects a steep jump in earnings for the new year, largely driven by the launch of its new hepatitis C drug and strong sales of its rheumatoid-arthritis drug Humira. Generic competition for its older treatments, however, will drag on the results. According to its statement, AbbVie […]
Read moreJanuary 10, 2015 11:08 am
Infosys Ltd, Indias second-biggest software exporter, revealed in a statement that its profit over the third fiscal quarter surpassed analysts forecasts as the company attracted new customers under the lead of its new CEO. Infosys said that net income rose by 13% to INR32.5 billion ($521 million) in the quarter ended December 31st, compared to […]
Read moreJanuary 9, 2015 3:38 pm
Google Inc may be trying to enter the US auto-insurance market as the internet giant prepares to launch its brand new website aimed at providing users with the ability to purchase and compare different policies. According to Ellen Carney, an analyst at Forrester Research, the technology behemoth got approved to sell auto insurance in 26 […]
Read moreJanuary 9, 2015 1:02 pm
Honda Motor Co Ltd has agreed to pay a record $70 million in fines after failing to report hundreds of incidents resulting in injuries and deaths involving its vehicles to the US government. The American unit of Honda will pay two separate civil penalties of $35 million each, the maximum allowable under US law. The […]
Read moreJanuary 9, 2015 11:54 am
Apple Inc. said that its customers spent almost $15 billion to purchase applications for their iPhones and iPhads last year. The companys revenue increased by the record 50% in 2014 in comparison with the prior year. The senior Vice-President of internet software and services unit, Eddy Cue, commented in a statement, cited by the Financial […]
Read moreJanuary 9, 2015 10:38 am
Coca-Cola Co. confirmed that the worlds largest beverage company will trim its workforce as much as 1% as a counter measure to falling soda sales. The company said in an emailed statement that it had sent out the first notifications today and more working places will be axed during the coming months, outlining that the […]
Read moreJanuary 9, 2015 10:03 am
The Chief Executive Officer of General Motors Co. – Ms. Mary Barra – said that she expects sales of light vehicles in the US to rise 3% in 2015 as younger consumers return to the market amid stable economic conditions and lower fuel prices. The auto sales levels that were forecast by Ms. Barra are […]
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