FINANCE CHIEF HANS DIETER POETSCH EXPECTED TO BE APPOINTED AS NEW HEAD OF 20- MEMBER CONTROLLING PANEL- SOURCES.» Read More
NEW YORK-- BioSante Pharmaceuticals Inc. said Thursday it will merge with ANI Pharmaceuticals in an all-stock deal worth about $94 million. BioSante valued the deal at $93 million to $95 million based on its current share price, according to a company spokesman.
LOS ANGELES-- As far as Tim Burton's concerned, you can't keep a good dog down. And you can't keep a good, old-fashioned form of animation down, either.
WINSTON-SALEM, N.C.-- Krispy Kreme Doughnut Corp. said Thursday that it has reached an agreement with an Asian retail operator to develop 15 franchised stores in Singapore over the next five years. The doughnut chain is working with Star360 Group to develop the stores.
NEW YORK-- Christie's will inaugurate its long-term partnership with the Andy Warhol Foundation to sell its collection with a daylong sale next month. It includes a Polacolor print of Liza Minelli estimated to sell for $15,000- $20,000. There's also a screenprint of Vladimir Lenin with a pre-sale estimate of $40,000- $60,000.
Robert Bentley said in a statement Thursday that the Federal Emergency Management Agency has approved the request. Bentley had sent a letter to FEMA saying the five counties-- Covington, Dallas, Geneva, Monroe and Perry-- suffered $2.5 million in damage. Baldwin, Mobile and Pickens counties had previously been approved for aid.
CHARLESTON, S.C.-- A federal judge has transferred a court challenge to South Carolina's planned $35 million cruise terminal to Charleston from Washington, D.C., ruling the controversy is largely a local issue.
Some investors remained cautious due to events in Spain. Spain is under pressure to ask for financial assistance from the European Central Bank to keep a lid on its borrowing costs but the government has been reluctant to do so because it may come with conditions on its budget.
JUNEAU, Alaska-- A liquefied natural gas project in Alaska could cost more than $65 billion and would represent a mega-project of "unprecedented scale and challenge," officials behind the project told Gov.
Almost every U.S. taxpayer faces a significant increase unless Congress and the White House agree on a plan to extend a huge collection of tax cuts expiring at the end of the year. There's disagreement over whether to extend them for all or to let taxes rise for some part of the wealthiest Americans, such as individuals making more than $200,000 per year.
The United States accuses China of flouting trade rules and undervaluing its currency to helps its exporters. Many U.S. companies outsource production to China. One study estimated that between 2001 and 2010, 2.8 million U.S. jobs were lost or displaced to China.
MORE TROUBLE AHEAD: Hewlett-Packard Co. CEO Meg Whitman told analysts Wednesday that things are going to get worse before they get better at the ailing Silicon Valley pioneer.
NARITA, Japan-- Japan has a reputation for loving expensive things like overpriced real estate, gourmet melons and luxury brands. Ticket prices are plunging by about half, to 16,000 yen trips to the southwestern resort island of Okinawa or a 5,000 yen hop to Seoul.
KEDJWICK, New Brunswick-- Police in Canada have seized more than 600 barrels of maple syrup in New Brunswick as part of an investigation into the theft of millions worth of syrup in Quebec and are transporting it back to Quebec under police protection, officials said Wednesday.
ANCHORAGE, Alaska-- Shell Oil says it has begun exploratory drilling in the Beaufort Sea off Alaska's north coast as it continues to drill in the neighboring Chukchi Sea. Shell Alaska spokesman Curtis Smith says Beaufort drilling started Wednesday after the end of an Alaska Native whale hunt.
EASTPOINT, Fla.-- Florida's oyster industry appears near collapse and needs help to survive, including getting more fresh water into Apalachicola Bay from Georgia, Gov. Rick Scott said Wednesday in pledging to try to help.
Rick Scott says the state's oyster industry appears near collapse and needs help to survive. He says that includes getting more fresh water coming into Apalachicola Bay from Georgia. Florida has battled for years over the amount of water coming downstream from Georgia.
PHILADELPHIA-- Candy maker Hershey is vowing to use only certified cocoa for all of its chocolate products by 2020 and accelerate programs to help eliminate child labor in the cocoa-producing regions of West Africa.
The battle over Proposition 32 on the November ballot follows conflicts in Wisconsin, Ohio, Indiana and elsewhere where efforts to dilute the strength of organized labor have produced political tumult, a flood of TV ads and widespread demonstrations.
ATLANTA-- Loan servicing company Ocwen Financial Corp. said Wednesday that it is buying Homeward Residential Holdings Inc. in a $750 million deal. Ocwen is buying the loan servicing company from private equity firm WL Ross& Co. LLC for $588 million in cash and $162 in Ocwen convertible preferred stock.
NEW YORK-- 3 M Co. is ending its effort to buy Avery Dennison Corp.' s office and consumer products business, which would have given the company a huge portion of the U.S. labels market to go with its Post-It sticky notes business. 3 M agreed to buy the business in January for $550 million.