Tuesday, February 24, 2015
Canadian drugmaker Valeant Pharmaceuticals International Inc. has agreed to buy Salix Pharmaceuticals Ltd. for about US$10 billion in cash. The companies said Sunday that their boards of directors approved the transaction, which amounts to about US$158 for each of Salix's outstanding shares.
Japan's All Nippon Airways on Monday announced plans to help turn around bankrupt Skymark Airlines, reportedly joining a string of other firms offering a lifeline to the struggling carrier.
France's nuclear group Areva said Monday its provisional net losses in 2014 widened to 4.9 billion euros (US$$5.6 billion) after it was forced to absorb costs linked to project delays.
Mitsubishi Heavy Industries' shares rose on Monday after a consortium led by Japan's top heavy machinery maker struck a US$3.36 billion deal to build Qatar's first subway system.
Global bank HSBC, embroiled in a tax-dodging scandal at its Swiss division, said on Monday that Chief Executive Stuart Gulliver held a Swiss bank account as it reported a 15 percent drop in net annual profits.1 Comment
Sunday, February 22, 2015
The U.S. government will fine Japanese air bag maker Takata Corp. US$14,000 per day for failing to fully cooperate in a long-running investigation of faulty and potentially dangerous air bag inflators.
Saturday, February 21, 2015
Yahoo is giving away a toolkit for managing mobile apps in a move aimed at reaping more revenue from smartphones and tablets as CEO Marissa Mayer scrambles to catch up to the Internet company's rivals.
Wal-Mart Stores Inc. is hoping its decision to boost workers' paychecks will help it boost its bottom line.
Friday, February 20, 2015
A San Francisco taxi company is ditching its 82-year-old brand and renaming itself after a smartphone app in the latest sign of how mobile technology is changing the way people get a ride.
Samsung Electronics on Wednesday announced a deal to buy LoopPay, a young digital wallet firm challenging Apple Pay at retailer checkout terminals.