Biz/Tech
Lannett to Acquire Kremers Urban Pharmaceuticals for $1.23 Billion, Expands Lannett's Existing Portfolio of Products
Delta Air Lines Entices Business Fliers with On-Time Service, Promises to Pay if They Don't Deliver Better than Rivals
Florida Power & Light to Reduce Electricity Rates in 2016, Push for Efficiency Saving Customers Money
Florida Power & Light Company (FPL) has announced that is again planning to reduce its rates by 2016 due to the company’s long-term investments in making its plants more efficient, according to a press release issued by FPL.
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Japan Airlines to Return Nonstop Service to Dallas/Fort Worth International Airport, Strengthens Pacific Joint Business
Japan Airlines Co., Ltd. has announced that it will be bringing back its nonstop service between the Tokyo-Narita Airport and the Dallas/Fort Worth (D/FW) International Airport starting on Nov. 30, according to a press release issued by Japan Airlines.
Drone Aviations to Collaborate with Mid-Atlantic Aviation on Tethered Drone Commercialization, Explore Reliability, Safety
Drone Aviation Holding Corp., manufacturer of tethered drones and lighter-than-air aerostats, has announced that it has collaborated with the Mid-Atlantic Aviation Partnership at Virginia Tech to research, test and advance the commercialization of company’s tethered drones, according to a press release issued by Drone Aviation.
Bristol-Myers Buys Promedior for about $1.25 Billion, Beefs Up Fibrosis Drug Pipeline
Bristol-Myers Squibb Company has announced that it has granted an exclusive right to acquire Promedior, Inc., a clinical stage immunotherapy company pioneering the development of targeted therapeutics to treat fibrotic diseases, for about $1.25 billion, according to a press release issued by Bristol-Myers Squibb.
Angry Bird Maker Stock Market Debut Uncertain as It Cuts 260 Jobs Amid Business Challenges
Mobile game maker Rovio may have a harder time executing its stock market debut as the company's struggles continue, as it warned of lower earnings and said it will reduce a third of its staff.
Ageas Sells Hong Kong Unit to JD Capital, Will Focus on SE Asia
Belgian insurer Ageas said on Sunday it will sell its Hong Kong business to China-based asset manager JD Capital for HK$10.7 billion ($1.4 billion), Reuters reported.
Volkswagen Ordered by Arbitrators to Sell Suzuki Shares as Soured Partnership Fails to Yield Joint Project
Arbitrators have ordered German carmaker Volkswagen AG to sell its 20 percent stake in Suzuki Motor Corp. worth 463 billion yen ($3.8 billion) as the two companies decided to break up a partnership due to irreconcilable disputes.
Berkshire Hathaway Buys $4.5 Billion Stake in Oil Refiner Phillips 66 Despite Slumping Crude Prces
Warren Buffet's Berkshire Hathaway Inc appears to be bullish in the prospects of the oil industry despite slumping crude prices, as it bought a more than a tenth of oil refiner Phillips 66, Reuters reported.
U.S. Consumer Spending Rose in July But Sentiment Slides IN August
Powered by improving wages and investments, U.S. consumers continued to spend in July despite the economic turmoil around the world.
U.S., Other Markets to Get More Car Shipments as Demand in China Dips Amid China
German carmakers are considering shipping more vehicles to the United States rather than China as demand in the Asia nation is expected to slow due to its slumping economy and turbulent financial markets.
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