Biz/Tech
Allergan Inc Set to Buy Salix Phamaceuticals
Allergan Inc Set to Buy Salix Phamaceuticals Allergan Inc. , revealed plans of acquiring Salix Pharameceuticals. Allergan Inc. was in close door discussions with Salix Pharmaceuticals regarding acquisition of the pharmaceutical company and the maker of antibiotic Rifamixin.
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German Workers Protest at Amazon Warehouses
Laborers of online retailer giant Amazon.com protested on Monday in front of Amazon’s German warehouses.
Multinational Retailer Tesco Cut Profit Forecast Again, Suspend Employees
Multinational grocery and general merchandise retailer Tesco announced it lowered down its profit forecast again for the third time this year.
Rockefellers Sell $50 Billion Fossil Fuel Assets to Switch to Renewable Energy
The Rockefeller family, oil producing giant announced their commitment to divest assets amounting to $50 billion from fossil fuel investments.
SoftBank to Get $4.6 billion from Alibaba listing
Japanese telecommunications giant SoftBank expects to acquire $4.6 billion from Alibaba Group Holding’s share lisiting.
Germany Wants To Buy Cheaper ‘Airbus,’ Impose Stricter Rules on Arms Exportation
Germany demands lower costs and longer cancellation periods on Airbus’ A400M military airlifters. Germany demands lower costs and longer cancellation periods on Airbus' A400M military airlifters.
Volkswagen to Make Luxury Sedan Especially For China
German automobile manufacturer Volkswagen to produce VW-badged luxury cars for designed for China. Volkswagen, largest German automaker, will release a luxury car made especially for the Chinese market, in hopes of earning more money, according to sources.
Twitter Accused of Mismanagement
Peter Thiel, who is one of the early investors of Facebook recently gave a scathing interview. The billionaire targeted microblogging giant Twitter and its management.
General Motors to Recall Vehicles on Parking Brake due to Fire Danger
The famous United States vehicle maker General Motors Co. will recall more than hundreds of thousands of automobiles due to the defective parking brake that can cause fire danger.
Chrysler to recall 189,000 SUVs
Chrysler will recall around 189,000 Dodge Durangos and Jeep Grand Cherokees in United States to resolve fuel pump issue that an stall the SUVs.