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Roche to Acquire US Biotech Company InterMune

August 25, 2014 - by - Leave a Comment

Roche Holding AG has said it will acquire US biotech firm InterMune Inc. for $8.3 billion in cash, making it possible for the world’s number one maker of cancer treatment …

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Russian Investor to Acquire $6.9 Billion RWE’s Firm After Germany’s Nod

August 22, 2014 - by - Leave a Comment

Germany’s economy ministry has given the greenlight for the sale of DEA to a Russian business mogul despite tensions between Russia and the West over hostilities in Ukraine. The approval …

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Infineon Strikes Deal to Acquire International Rectifier for $3 Billion

August 22, 2014 - by - Leave a Comment

Infineon Technologies, agreed to acquire International Rectifier Corp. for around $3 billion in cash, extending its power-management technology venture. The largest semiconductor maker in Germany will part with $40 per …

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BHP Billiton to Spin Off Assets into Metals and Mining Firm

August 20, 2014 - by - Leave a Comment

The mining firm BHP Billiton announced on Tuesday it intended to spin off several assets into a new international metals and mining company to be listed in Australia. The new …

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Dollar General Offers $9.7 Billion Family Dollar Takeover Bid

August 19, 2014 - by - Leave a Comment

Dollar General Corp made an offer to buy Family Dollar Stores Inc. for $9.7 billion, setting off bidding rivalry for a firm that had accepted an $8.5 billion acquisition by …

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Berkshire Hathaway Stock Reaches the $200,000 Mark for the First Time

August 14, 2014 - by - Leave a Comment

Berkshire Hathaway Inc’s stock price topped the $200,000 mark on Thursday for the first time, the latest accomplishment for the firm that Warren Buffet developed for almost 50 years into …

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Amazon Launches Mobile Platform for Business

August 13, 2014 - by - Leave a Comment

Amazon.com Inc. introduced a $10 credit card reader and mobile platform for business on Wednesday, penetrating further physical store retail and the quickly changing mobile payments scene. The development puts …

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Postal Service Posts Second-quarter Loss

August 11, 2014 - by - Leave a Comment

The US postal service extended its losses during the second quarter, despite a hike in package revenues and an emergency price rise effected in January. The agency announced on Monday …

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Business News

Etihad Acquires $2.4 Billion 49% Stake in Alitalia

August 10, 2014 - by - Leave a Comment

Etihad Airways PJSC sealed a 1.76 billion euro ($2.4 billion) agreement to buy 49% stake in Alitalia SpA, handing the Gulf carrier headway into one of the biggest travel markets …

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Business News

Toyota to Join Automakers in Cutting Prices in the Middle of a China Antitrust Probe

August 10, 2014 - by - Leave a Comment

Toyota Motor Corp and Hondo Motor co. Chinese business have cut prices of spare parts, after Daimler AG’s Mercedes-Benz and Volkswagen AG’s Audi did so, in the wake of an …

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