Business Events


  • The next UK pharma takeover target may be… Tuesday, 3 Jun 2014 | 8:46 AM ET
    30mg tablets of Shire Plc's Adderall XR.

    There is market rumor and speculation that Dublin-based, U.K.-listed pharma company Shire is a takeover target.

  • MOSCOW, June 2- Russia's state nuclear firm Rosatom aims to grow its global order book to $100 billion this year, up 25 percent year-on-year, by securing new projects in Hungary, Kazakhstan, India and Iran, CEO Sergei Kiriyenko said on Monday. Rosatom has won a contract to build a new plant in Hungary and has agreed to build reactors in India and Kazakhstan this year.

  • June 2- Chipmaker Broadcom Corp said it was looking to sell or wind-down of its cellular baseband business. The company said on Monday that a sale or wind-down of the business would likely save $700 million annually. Baseband chips are used in mobile devices to process wireless communication.

  • TOKYO, June 2- Japanese insurer Dai-ichi Life Co is in advanced talks to buy U.S. peer Protective Life Corp in a deal that could be worth over $5 billion, extending a drive to buy assets abroad as an antidote to a weak domestic outlook.

  • TOKYO, June 2- Japan's Nikkei share average climbed to a two-month closing high on Monday after strong Chinese factory data lifted sentiment. But Dai-ichi Life Insurance Co Ltd tumbled on news that it is in talks to buy a U.S. life insurance company, with investors wondering how the company would fund the acquisition.

  • In China, managers are the new labor activists Saturday, 31 May 2014 | 10:00 PM ET

    The involvement of managers underscores the growing complexity and unpredictability of labor relations in China. Yue Yuen's strike wasn't the first time in recent years managers, rather than front-line workers, helped orchestrate industrial action in China.

  • *Storm comes as Siemens is considering bid for Alstom. BERLIN/ MUNICH, May 30- The chief executive of German conglomerate Siemens tried to calm a brewing storm over job cuts on Friday after he let slip at an investor conference in New York that his plan to restructure the company could put up to 11,600 staff at risk.

  • MUNICH, May 30- The chief executive of German conglomerate Siemens said up to 11,600 jobs could be at risk in a restructuring plan he unveiled earlier this month that aims to save the company 1 billion euros annually. Previously Siemens had been structured along sectoral and regional lines.

  • May 29- Alcoa Inc, the biggest U.S. aluminum producer, said it started work on a $100 million plant in Indiana to meet rising demand from large commercial aircraft makers. The new plant will create 329 jobs by 2019 and increase the company's capacity to supply engine parts for narrow-body aircraft, Alcoa said.

  • Apple-Beats deal criticism is 'unfair': Cramer Thursday, 29 May 2014 | 9:50 AM ET
    Jim Cramer on "Squawk on the Street."

    Apple's $3 billion acquisition of Beats is not a needle mover for the stock, but it makes sense, CNBC's Jim Cramer said.

  • May 28- Michael Kors Holdings Ltd said it expects its current-quarter gross margins to be slightly lower than a year earlier due to the costs of opening new stores in Europe. The startup expenses, such as leasing costs, associated with its expansion in Europe would hurt its retail operating margins, Michael Kors said on a conference call.

  • *Abu Dhabi's Etihad owns 24 percent stake. NEW DELHI, May 27- Jet Airways Ltd laid out a three-year restructuring plan on Tuesday vowing to take tough measures to return India's No. 2 airline by market share to profit after posting its worst ever loss.

  • LONDON, May 28- Hikma Pharmaceuticals said on Wednesday it had agreed to acquire assets from the U.S. generic injectable drugs business of Germany's Boehringer Ingelheim for up to $300 million, boosting its presence in the injected medicine market.

  • *Renesas SP Driver is chip supplier for Apple iPhone screens. TOKYO, May 28- Renesas Electronics Corp plans to sell its majority stake in a maker of iPhone display chips to Synaptics Inc, another smartphone chip supplier, according to sources familiar with the matter.

  • BUENOS AIRES, May 27- Argentina's government stressed on Tuesday that it will continue to service restructured debt regardless of the outcome of its legal fight with bondholders who refused to accept its debt-restructuring offers. The nine justices are set to consider whether to hear Argentina's appeal on June 12.

  • TOKYO, May 27- Renesas Electronics Corp plans to sell its majority stake in a maker of iPhone display chips to Synaptics Inc, another smartphone chip supplier, according to sources familiar with the matter.

  • BHP Billiton says it may cut jobs at Worsley Alumina Tuesday, 27 May 2014 | 9:06 AM ET

    LONDON, May 27- BHP Billiton, the world's largest diversified mining company, may cut jobs at its Worsley Alumina operations in Australia after completing a review of the business, the company said on Tuesday.

  • SAN FRANCISCO, May 22- Hewlett-Packard Co plans to cut as many as 16,000 more jobs in a major ramp-up of CEO Meg Whitman's years-long effort to turn around the personal computer maker and relieve pressure on its profit margins. It recorded sales of $27.3 billion in its fiscal second quarter, ended April 30, just shy of the $27.41 billion Wall Street had expected.

  • WILMINGTON, Del, May 22- The Chapter 11 bankruptcy of Texas's largest power company, Energy Future Holdings, will remain with a U.S. Bankruptcy Court in Wilmington, Delaware, the judge handling the case ruled on Thursday. Energy Future filed one of the largest nonfinancial bankruptcies ever in April in Delaware, where the company's subsidiaries are incorporated.

  • *Mizkan Group looks to counter slowing domestic growth. LONDON, May 22- Mizkan Group has agreed to buy Unilever's Ragu and Bertolli pasta sauce brands for $2.15 billion, continuing a trend for Japanese consumer goods companies diversifying through Western assets.