NEW YORK-- Suntech Power Holdings Co., one of the world's biggest solar panel manufacturers, said Tuesday that authorities in Switzerland have granted its main European subsidiary more time to restructure its debts. The China- based company said it received a six-month moratorium on creditor claims.» Read More
BEIJING, June 13- Royal Dutch Shell has signed a letter of intent with a private Chinese energy firm to build a liquefied natural gas import terminal in east China, a Shell China official said on Thursday.
AKRON, Ohio-- Myers Industries Inc. said Wednesday that one of its subsidiaries reached a deal to enter into a joint venture with India- based TVS Automobile Solutions Ltd.. The news comes on the same day that India's Apollo Tyres Ltd. announced plans to buy Ohio- based tire maker Cooper Tire& Rubber Co. for about $2.22 billion.
NEW YORK-- Mindray Medical International Ltd. has appointed co-founder Cheng Minghe as co-CEO. Mindray also named May Li as chief investment officer and Wang Jianxin as chief administrative officer. Mindray's global headquarters are in Shenzhen, China.
*Sun Pharma to pay $550 million this year. June 12- Pfizer Inc said Teva Pharmaceuticals Industries Ltd and Sun Pharmaceutical Industries Ltd would pay $2.15 billion to settle a patent infringement lawsuit related to its acid-reflux drug Protonix.
June 11- Two affiliates of failed U.S. electric-car maker Coda Automotive filed for chapter 11 bankruptcy protection on Tuesday, according to court documents, in another sign of the challenges facing the "green" car industry.
Miles Electric Vehicles, founded in 2004 by "green" entrepreneur Miles Rubin, listed estimated assets in the range of $10 million to $50 million, and estimated liabilities of between $50 million and $100 million.
June 6- American wheat farmers and a food safety advocacy group filed a lawsuit Thursday against biotech seed developer Monsanto Co, accusing the company of failing to protect the U.S. wheat market from contamination by its unauthorized wheat.
ROGERS, Ark., June 6- Wal-Mart Stores Inc has no immediate plans to expand its U.S. online grocery delivery beyond a test in California because it is not yet convinced there is sufficient demand, the head of the company's global e-commerce division said on Thursday.
BRUSSELS, June 6- The European Commission clashed with the International Monetary Fund on Thursday over their handling of the first Greek bailout, which the IMF said had pushed an extra burden on euro zone taxpayers by letting Athens delay restructuring its debts.
BRUSSELS, June 6- The European Commission on Thursday rejected the International Monetary Fund's view that lenders mishandled the first Greek bailout in 2010 by allowing Athens to delay a debt restructuring to 2012..
The Chinese consortium buying International Lease Finance Corp placed about 10 percent of the purchase price in an escrow account, American International Group said in a regulatory filing on Wednesday.
BOSTON, June 5- Insurer American International Group Inc has received a delayed deposit payment from the Chinese consortium buying its ILFC airplane leasing business, AIG said in a regulatory filing on Wednesday. Last week AIG said it had not received the payment as scheduled, a development that threatened to derail the deal, worth up to $4.8 billion.
Toyota Motor is recalling about 242,000 gas-electric hybrid vehicles worldwide, including the bestselling Prius model, due to a brake design flaw, the automaker said.
The sales target is part of Volvo's plans announced two years ago following its acquisition by Zhejiang Geely Holding Group Co- plans that see China's growing appetite for premium cars helping more than double Volvo's annual global sales to 800,000 cars by 2020 from 373,000 sold in 2010..
HONG KONG, June 4- Chinese computer maker Lenovo Group Ltd said on Tuesday it was in preliminary talks with an unidentified party regarding a potential smartphone business joint venture, without providing further details.
May 31- A Chinese group's purchase of ILFC, one of the world's largest airplane leasing businesses, could collapse after insurer American International Group Inc said on Friday it did not receive a scheduled deposit payment. AIG said last December it would sell up to 90 percent of ILFC for up to $4.8 billion.
*Meda's most promising asset Dymista allergy inhaler. *Meda shares hit 5-1/ 2- year on news of talks. MUMBAI, May 31- India's Sun Pharmaceutical Industries Ltd is in talks to buy Sweden's Meda AB for between $5 billion and $6 billion to boost its generics business in developed markets, two sources with direct knowledge of the process said.
May 31- Insurer American International Group Inc said on Friday it had not received a scheduled deposit payment related to its sale of airplane leasing company ILFC to a Chinese consortium. AIG said last December it would sell most of ILFC for up to $4.8 billion.
Takanori Yokoi, Toyota spokesman, said the Japanese automaker is in discussions with Hunan Corun New Energy Co in the southern China province of Hunan to jointly produce nickel-metal hydride batteries for hybrid models Toyota plans to start selling in China around 2015..
PARIS, May 29- Shares in Club Mediterranee, which its top two shareholders want to buy, extended their gains above the proposed bid price on Wednesday amid signs some investors in the French holiday firm are pushing for a better deal.