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Business Strategy Contracts

  • *Indonesia pushing for domestic supply, but demand stagnant. JAKARTA, Oct 19- Indonesia has agreed with Japan's Inpex to extend the company's contract to operate the Masela natural gas field in the country's east by up to 27 years once it expires in 2028, the energy ministry said in a statement on Thursday. An Inpex spokesman in Jakarta confirmed Jonan met Inpex...

  • The company's shares rose as much as 8 percent in light trading but pared gains to trade at $120 before the bell. "Any concerns surrounding the discontinuation of the program should, for the most part, be quelled by the simultaneous execution of a potentially lucrative licensing agreement," Leerink analyst Paul Matteis said. San Francisco, California based Vir...

  • BANJUL, Oct 18- African Petroleum Corp has begun arbitration proceedings over Gambia's decision to strip the company of its rights to explore for oil in two offshore areas. The Norwegian-listed company said in a statement on Wednesday that two wholly-owned subsidiaries had requested arbitration with the United States- based International Centre for the...

  • The company's shares rose as much as 8 percent in light trading but pared gains to trade at $120 before the bell. "Any concerns surrounding the discontinuation of the program should, for the most part, be quelled by the simultaneous execution of a potentially lucrative licensing agreement," Leerink analyst Paul Matteis said. San Francisco, California based Vir...

  • Exelixis plans to file for an expanded label for the drug with the U.S. Food and Drug Administration in the first quarter of 2018.. Exelixis and France's Ipsen jointly announced a licensing agreement last year for the commercialization and further development of the drug outside the United States, Canada and Japan. Hepatocellular carcinoma liver cancer is...

  • Ajeet Seeds, Kaveri Seed Co Ltd and Ankur Seeds were among six Indian companies that delayed payments to Monsanto, demanding a cut in royalties they paid to the U.S. firm to license its technology. "The arbitration proceedings with each of these companies have concluded by way of consent orders which record the mutually discussed and accepted settlement terms,"...

  • SAO PAULO, Oct 5- Previ Caixa de Previdência, Brazil's largest pension fund, will decide in coming days whether joining minority shareholders of state-controlled Petróleo Brasileiro SA in an arbitration case that seeks compensation for losses related to a corruption scandal, Chief Executive Officer Gueitiro Genso said. In an interview on Thursday, Genso...

  • TOKYO, Oct 5- Tokyo Gas Co, Japan's biggest city gas supplier, will not accept new contracts for long-term purchases of liquefied natural gas that contain clauses that restrict where the gas can be sold, the company's president said on Thursday. Hirose's comments follow the decision by Japan's Fair Trade Commission that the so-called destination clauses that...

  • Oct 4- Amid a growing U.S. opioid addiction, health insurer Cigna Corp will stop covering OxyContin, the opioid painkiller sold by Purdue Pharma LP, as of Jan. 1 and will instead cover an equivalent with a formulation less vulnerable to abuse, the company said on Wednesday. The insurer has signed a "value-based contract" with Collegium Pharmaceutical Inc for Xtampza...

  • SANTIAGO, Oct 3- LATAM Airlines, Latin America's largest carrier, said on Tuesday that Brazil's antitrust authority Cade had approved its joint business agreement with American Airlines Group Inc without restrictions. LATAM said its agreement with American Airlines, and a similar accord with British Airways parent IAG, had now been approved by authorities...

  • WASHINGTON, Oct 2- The U.S. Supreme Court on Monday refused to consider a bid by Samsung Electronics Co Ltd to force customers who have filed proposed class-action lawsuits against the company to arbitrate their claims instead of bringing them to court. Neither Daniel Norcia, who owned an Galaxy S4 device, nor Hoai Dang, who owned an SIII, saw the arbitration...

  • MEXICO CITY, Sept 29- Presidential elections in Mexico next year pose no risk to already-signed oil contracts, the sector's top regulator said on Friday, despite the current frontrunner's pledge to review them. "These are completely solid contracts," Juan Carlos Zepeda, head of Mexico's National Hydrocarbons Commission, said in an interview, adding that there is "...

  • *Injunction sought at International Court of Arbitration. TOKYO, Sept 26- Western Digital Corp said on Tuesday it will seek an injunction to block the sale of Toshiba Corp's prized semiconductor business to a rival group, upping the ante in an acrimonious battle with its chip venture partner. Western Digital's injunction is being sought with the International...

  • AMSTERDAM/ PARIS, Sept 26- Family shareholders of commodity trader Louis Dreyfus have agreed to arbitration talks to settle a long-running dispute over a share sale, sources familiar with the matter have told Reuters. The minority shareholders asked in September 2015 to sell 16.6 percent of Louis Dreyfus Holding B.V., under a long-term agreement giving them an...

  • JOHANNESBURG, Sept 22- South Africa's main opposition said on Friday it would review all contracts with KPMG in the municipalities it runs after a scandal involving the auditor's handling of audits for businessman friends of President Jacob Zuma.

  • 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.,...