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  • TOKYO— Japan's largest drugmaker Takeda Pharmaceutical Co. said Wednesday it has agreed to pay up to $2.4 billion to thousands of patients and their families over its diabetes drug Actos which has been linked to cancer. The settlement will go into effect if 95 percent of the litigants agree to the deal, and the company would pay $2.37 billion.

  • BEIJING, April 28- China's Tencent Holdings Ltd launched on Tuesday an operating system for internet-connected devices such as TVs and watches that is open to all developers, taking on domestic rivals Alibaba Group Holding Ltd and Xiaomi Inc in the smart hardware space. This model mirrors Google Inc's Android mobile OS, and could help Tencent replicate the U.S....

  • SEOUL, April 23- Samsung Electronics Co Ltd is set to spend at least another 10 trillion won to boost capacity at a new South Korean chip plant, a 64 percent increase over announced investment plans, domestic online news service MoneyToday reported. The plans for the new plant, which will be located in Pyeongtaek south of Seoul, has led to some worries about the...

  • SEOUL, April 23- Samsung Electronics Co Ltd plans to invest at least another 10 trillion won to boost capacity at a new South Korean chip plant, news service MoneyToday reported on Thursday without citing sources. Samsung has already announced a 15.6 trillion won investment to build the plant in Pyeongtaek south of Seoul, its biggest commitment to a single...

  • April 22- Generic drugmaker Teva Pharmaceutical Industries Ltd said it could "promptly" divest some operations to obtain regulatory clearance for its proposed $40 billion takeover of smaller rival Mylan NV. Mylan, which has said a merger with Teva would be bad fit, plans to make a new offer for Perrigo Co Plc in the near term, CNBC reported on Wednesday.

  • April 22- Teva Pharmaceutical Industries Ltd said on Wednesday it could "promptly" divest some operations if necessary to obtain regulatory clearance for its proposed takeover of smaller rival Mylan NV. Meanwhile, Canonsburg, Pennsylvania- based Mylan is pursuing its own $29 billion unsolicited bid for Perrigo Co Plc, which the maker of over-the-counter...

  • Toyota to launch two hybrid cars in China this year Sunday, 19 Apr 2015 | 9:44 AM ET

    SHANGHAI, April 19- Toyota Motor Corp, the world's largest automaker by sales volume, plans to launch two hybrid cars in China this year as part of efforts to launch vehicles that will help to reduce pollution in the country. The gasoline-electric hybrid cars, called Levin Hev and Corolla, will be launched in China in the second half of the year, the Japanese company...

  • China's incredible shrinking factory Thursday, 16 Apr 2015 | 5:00 PM ET

    HUIZHOU, China, April 17- Eight years ago, Pascal Lighting employed about 2,000 workers on a leafy campus in southern China. Cankun, an appliances factory in southern China featured in the documentary Manufactured Landscapes, had more than 22,000 manufacturing employees in 2005, according to its annual report. Some Hong Kong- owned factories in southern China...

  • April 16- Tata Consultancy Services Ltd has been sued by a white American information technology worker who accused India's largest software services exporter of overwhelming favoritism toward workers of South Asian descent in the United States. In a complaint filed on Tuesday in San Francisco federal court, Steven Heldt said 95 percent of Tata's 14,000-...

  • UPDATE 1-SunPower, Apple to build solar projects in China Thursday, 16 Apr 2015 | 10:05 AM ET

    April 16- Solar panel maker SunPower Corp said it would partner with Apple Inc to build two solar power projects in China's Sichuan province with total capacity of 40 megawatts. The projects, when complete, will be co-owned by Apple and Sichuan Shengtian New Energy Development Co Ltd, SunPower's project development joint venture. SunPower and longstanding...

  • April 16- Carlyle Group LP has enlisted Mike Duke, former chief executive of Wal Mart Stores Inc, to the executive team that the asset management firm taps for advise on deals, the Wall Street Journal reported. They were part of the advisory board of the Tsinghua University School of Economics and Management in Beijing. He will continue to be a member of Wal Mart's...

  • TOKYO, April 16- Japan's Sharp Corp and its main banks are set to agree on Thursday to a $1.7 billion rescue and restructuring plan that will likely include a promise to split off its ailing smartphone display business, a person involved in the discussions said. As part of its second major bailout in three years, Sharp's lenders, Mizuho Bank and Bank of...

  • TOKYO, April 16- Japan's Sharp Corp and its main banks are to meet on Thursday to agree on a $1.7 billion rescue and restructuring plan for the loss-making electronics maker, a person involved in the discussions said. An agreement between the Osaka- based company and its main lenders, Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ, would be Sharp's second big bailout...

  • April 15- Toyota Motor Corp, the world's biggest automaker, plans to move production of its Corolla compact cars to a new factory in Mexico from Canada to benefit from lower costs, the Globe and Mail reported, citing sources familiar with the situation. Costs at Toyota's assembly plants at Cambridge and Woodstock in Ontario are higher than at its U.S. factories and...

  • NEW YORK, April 13- Citigroup Inc named Stephen Bird, its chief executive officer for Asia Pacific, as the new head of its global consumer bank, CEO Mike Corbat said on Monday in a memo seen by Reuters. Citigroup's CEO for Mexico, Ernesto Torres Cantu, will report to Fraser. Citigroup's subsidiary, Banamex, the second-largest bank in Mexico, had long been under...

  • DUBAI, April 8- Apollo Global Management is in talks to expand its business into the Middle East for the first time through a joint venture with a local investment firm, three sources aware of the matter told Reuters on Wednesday. It is the world's third-largest alternative asset manager after Blackstone Group and Carlyle Group, and has offices in eight...

  • April 7- Uber asked a U.S. court to dismiss a lawsuit filed by an alleged rape victim in India's capital, saying the ride-sharing company could not be held legally responsible for the driver's acts. Nor does California law govern a dispute involving an alleged wrong committed by one Indian citizen against another Indian citizen, in India, "Uber said in the filing.

  • April 7- Uber asked a U.S. court to dismiss a lawsuit filed by an alleged rape victim in India's capital, saying the ride-sharing company could not be held legally responsible for the driver's acts. Nor does California law govern a dispute involving an alleged wrong committed by one Indian citizen against another Indian citizen, in India, "Uber said in the filing.

  • *China factory capacity seen up to 100,000 cars per year. TOKYO, April 3- Japan's Toyota Motor Corp will spend about 150 billion yen to build two new car plants in Mexico and China, two people familiar with plans said, ending a three-year freeze imposed after unchecked growth lumbered the world's biggest auto maker with too many idle production lines.

  • MEXICO CITY, April 2- Japanese car giant Toyota Motor Corp is planning two new factories in Mexico and China, at a cost of 150 billion yen, Nikkei reported on Thursday. The Mexican plant will be based in the central state of Guanajuato, and have a capacity of 200,000 cars a year, Nikkei said, adding that it would build a new version of the Corolla sedan for the North...