GO
Loading...

South and Southeast Asia

More

  • Oct 20- Generic drugmaker Actavis Plc and France's Sanofi SA are among the suitors for privately held Omega Pharma NV, Bloomberg reported, citing people familiar with the matter. Other bidders for the Belgian consumer healthcare company include Perrigo Co and private German drugmaker Boehringer Ingelheim GmBH, the sources told Bloomberg.

  • Oct 20- International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. IBM shares fell nearly 7 percent to a three-year low, a blow for legendary investor Warren Buffett whose Berkshire...

  • Oct 20- Amazon.com Inc signed a multi-year deal with Simon& Schuster Inc, the second major Big Five book publisher it has been negotiating with on the price of e-books, Business Insider reported, citing a source with knowledge of the situation. Online book retailer Amazon had been in talks with Simon& Schuster since July over pricing. Amazon had been locked in a war...

  • Oct 20- BioMerieux SA is working with U.S. health regulators to determine if its test to screen for bio threats could be used to detect the Ebola virus, spokeswoman Suzanne Jones said. Since the system was solely developed for environmental surveillance, it is necessary for BioMerieux to show the U.S. Food and Drug Administration evidence that the test could be...

  • Deals of the day- Mergers and acquisitions Monday, 20 Oct 2014 | 4:06 PM ET

    **Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. **The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S....

  • FDA panel unanimously backs Novartis' psoriasis drug Monday, 20 Oct 2014 | 2:28 PM ET

    Oct 20- An advisory panel to the U.S. Food and Drug Administration unanimously recommended the use of Novartis AG's anti-inflammation drug in patients with a type of psoriasis, paving the way for its approval. FDA staff reviewers last week had said the drug's benefits outweighed its risk. The FDA is not obligated to accept the panel's recommendations, but...

  • Oct 20- Hasbro Inc, the second-largest U.S. toymaker, reported a strong quarterly profit, driven by robust sales of Marvel and Transformers action figures in emerging markets such as Latin America and the Asia Pacific region. Hasbro's results were stronger than those of larger rival Mattel Inc, which last week posted its fourth straight quarterly fall in sales.

  • Valeant may raise Allergan bid; beats on profit Monday, 20 Oct 2014 | 12:58 PM ET
    A drop of Allergan Inc. Botox is seen on the tip of a needle before being administered by Dr. Keith A. Marcus to a patient at the offices of Marcus Facial Plastic Surgery in Redondo Beach, California, U.S., on Tuesday, April 22, 2014.

    Valeant Pharmaceuticals said it may raise its bid for Allergan after posting a better-than-expected quarterly profit.

  • Oct 20- Canadian telecommunications provider Mitel Networks Corp made public its about $540 million offer for smaller U.S. peer ShoreTel Inc.. Mitel's cash offer of $8.10 per share represents a 24 percent premium to ShoreTel stock's closing price on Friday. Sunnyvale, California- based ShoreTel's shares were up 18 percent at $7.76- below the offer price- in...

  • Oct 20- International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. IBM shares fell nearly 7 percent. "We are disappointed in our performance," said Ginni Rometty, IBM chairman,...

  • Oct 20- Valeant Pharmaceuticals International Inc said on Monday that it may raise its bid for Botox maker Allergan Inc after the Canadian company posted a better-than-expected quarterly profit. Allergan stock was up 1.7 percent at $180.45. Valeant's third-quarter results were keenly anticipated for their potential impact on Valeant's bid for Allergan,...

  • Oct 20- Halliburton Co, the world's No.2 oilfield services provider, said there were no signs of a slowdown in drilling activity despite the recent 25 percent fall in oil prices. Halliburton's shares rose about 2.5 percent in early trading after the company reported a better-than-expected quarterly profit and raised its quarterly dividend.

  • Oct 20- Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, said it expected its initial public offering of common units to be priced at $19- $21 per unit, valuing it at up to $1.42 billion. A number of master limited partnerships, including PBF Logistics LP, Viper Energy Partners LP and GasLog Partners LP, have listed this year.

  • Oct 20- Shell Midstream Partners LP, a division of Royal Dutch Shell Plc, said it expected its initial public offering of common units to be priced at $19- $21 per unit.

  • Halliburton profit beats as drilling stays strong Monday, 20 Oct 2014 | 10:27 AM ET
    A derrick hand works on an oil rig drilling into the Bakken shale formation outside Watford City, N.D.

    Halliburton reported a better-than-expected profit, helped by buoyant shale drilling activity in North America.

  • Oct 20- Coal miner Peabody Energy Corp reported a much lower-than-expected quarterly loss as it controlled costs in Australia amid falling prices. Coal miners are struggling from a drop in demand for steel-making coal and a rail jam in the United States which hampers their efforts to ride on a recovery in thermal coal demand. Cliffs Natural Resources Inc said...

  • 13 workers die in fire at Indian fireworks factory Monday, 20 Oct 2014 | 10:18 AM ET

    HYDERABAD, India— A blaze engulfed a fireworks factory in southern India on Monday, killing at least 13 workers and seriously burning seven others, police said. The fire department was still trying to control the fire by early evening and the bodies could not immediately be retrieved, said Ravi Prakash, a police superintendent in Andhra Pradesh state's East...

  • Transformers, Marvel toys boost Hasbro earnings Monday, 20 Oct 2014 | 10:04 AM ET

    Hasbro reported a 43 percent jump in quarterly profit, helped by higher demand for its Transformers, Marvel and Stars Wars action figures.

  • Oct 20- Mitel Networks Corp, a provider of business communications services, offered to buy smaller U.S. peer ShoreTel Inc for about $540 million as part of efforts to expand in the United States. Kanata, Ontario- based Mitel's cash offer of $8.10 per share represents a 24 percent premium to ShoreTel stock's closing price on Friday. Sunnyvale, California- based...

  • Oct 20- Venture capitalist Marc Andreessen said he was quitting EBay Inc's board following the online retailer's decision last month to spin off its electronic payment unit, PayPal. The Silicon Valley pioneer has been involved in a public war of words with activist investor Carl Icahn, one of eBay's largest shareholders, who convinced the company to spin off...