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Business Strategy Contracts

  • The new arbitration requests, filed in the International Court of Arbitration that oversees the companies' agreement, seeks to stop Toshiba from investing in the so-called Fab 6 facility in Yokkaichi, Japan, unless Western Digital's subsidiary Sandisk is also allowed to invest. The court, a branch of the International Chamber of Commerce, is an institution for...

  • The new arbitration requests, filed in the International Court of Arbitration that oversees the companies' agreement, seeks to stop Toshiba from investing in the so-called Fab 6 facility in Yokkaichi, Japan, unless Western Digital's subsidiary Sandisk was also allowed to invest. The court, a branch of the International Chamber of Commerce, is an institution...

  • Sept 20- Drugmaker Pfizer Inc on Wednesday filed a lawsuit against Johnson& Johnson, saying its rival's contracts with health insurers for blockbuster rheumatoid arthritis drug, Remicade, were anticompetitive and blocked sales of Pfizer's new biosimilar. "To date Pfizer has failed to demonstrate sufficient value to patients, providers, payers and employers,"...

  • Sept 20- Drugmaker Pfizer Inc on Wednesday filed a lawsuit against Johnson& Johnson, saying its rival's contracts with health insurers for blockbuster rheumatoid arthritis drug, Remicade, were anticompetitive and blocked sales of Pfizer's new biosimilar. The contracts with insurers- including UnitedHealth Group, Anthem Inc, Aetna Inc and Cigna Corp- covered...

  • Sept 20- Drugmaker Pfizer Inc on Wednesday filed a lawsuit against Johnson& Johnson, saying its rival's contracts with health insurers for blockbuster rheumatoid arthritis drug, Remicade, were anticompetitive and blocked sales of Pfizer's new biosimilar. The contracts with insurers including UnitedHealth Group, Anthem Inc., Aetna Inc and Cigna Corp.,...

  • TORONTO, Sept 14- Canada's Eldorado Gold Corp said on Thursday that it received formal notice of arbitration from Greece, a further advance in its long-running permit tussle, but not enough for the miner to reconsider a looming investment freeze. Eldorado warned on Monday that it would halt new investment starting Sept. 22, blaming years-long permit delays and a...

  • BAKU/ LONDON, Sept 14- BP and Azerbaijan agreed on Thursday to extend into 2050 a contract to develop the ex-Soviet state's biggest oilfield cluster, a deal dubbed "the contract of the century" when first signed in 1994.. The new contract secures large investment in Azerbaijan's oil sector for decades and a one-off bonus of $3.6 billion for the government, a welcome...

  • TORONTO, Sept 14- Canada's Eldorado Gold Corp said on Thursday it received formal notice of arbitration from Greece, another advance in a long-running permit tussle, but the miner repeated more progress is needed for it to reconsider investment plans. It cited permit delays and a lack of clarity on an arbitration process that Greece announced in June to settle...

  • ATHENS, Greece— The Greek government entered a process of arbitration with a Canadian gold mining company on Thursday, days after the company threatened to suspend its investments in the country over what it said were delays in the issuing of permits. Vancouver- based Eldorado Gold had on Monday threatened to suspend all investments in Greece on Sept. 22 and...

  • LONDON, Sept 12- Germany's Mercedes-Benz Trucks signed a contract on Tuesday with Tehran- based automaker Iran Khodro, parent company Daimler AG told Reuters, laying the foundation for resuming distribution of its trucks in Iran. The deal between Iran Khodro and Mercedes-Benz Trucks includes creating a joint company that provides sales and after-sale...

  • BEIRUT— Syria's government signed a contract with an Iranian company on Tuesday to import five gas-fired power plants to the war-battered city of Aleppo, in an early sign of the major role Tehran is expected to play in Syria's reconstruction. The deal, reported by Syria's state news agency SANA, is part of a broader understanding reached by Damascus and Tehran...

  • WASHINGTON, Sept 7- U.S Customs and Border Patrol has awarded four additional contracts to design prototypes for a wall along the southern border of the United States, another step toward fulfilling President Donald Trump's campaign promise. Last week, the agency awarded four contracts for concrete wall prototypes and the latest contracts will be for...

  • Sept 5- California is one step away from allowing state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in arbitration, after the state legislature gave final approval on Tuesday to a bill inspired by last year's Wells Fargo scandal. Mandatory arbitration clauses, which have become standard...

  • Sept 5- California is one step away from allowing state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in arbitration, after the state legislature gave final approval on Tuesday to a bill inspired by last year's Wells Fargo scandal. Mandatory arbitration clauses, which have become standard...

  • Sept 5- California is one step away from allowing state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in arbitration, after the state legislature gave final approval on Tuesday to a bill inspired by last year's Wells Fargo scandal. Mandatory arbitration clauses, which have become standard...

  • Sept 5- California is one step away from allowing state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in arbitration, after the state legislature gave final approval on Tuesday to a bill inspired by last year's Wells Fargo scandal. Mandatory arbitration clauses, which have become standard...

  • Sept 5- California is one step away from allowing state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in arbitration, after the state legislature gave final approval on Tuesday to a bill inspired by last year's Wells Fargo scandal. Mandatory arbitration clauses, which have become standard...

  • Sept 5- California is one step away from allowing state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in arbitration, after the state legislature gave final approval on Tuesday to a bill inspired by last year's Wells Fargo scandal. Mandatory arbitration clauses, which have become standard...

  • CARACAS, Aug 31- Venezuela's new chief prosecutor is investigating "spectacular" overpricing in a dozen contracts in the nation's Orinoco oil belt, accusing his fugitive predecessor of turning a blind eye to embezzlement. Prosecutor Tarek Saab said preliminary investigations showed $200 million was embezzled in a case involving 10 companies that were...

  • ABUJA, Aug 30- Nigeria has approved the construction of a $5.8 billion hydroelectric power plant by a Chinese state firm, the power minister said on Wednesday, the latest in a series of Chinese deals since the project was first envisioned decades ago. Nigeria's cabinet signed off on the award of the contract to build Mambilla to the China Civil Engineering...