Biz/Tech
Barclays to Sell Italian Retail Banking Business to CheBanca!, Part of Reduction of Non-Core Business
Shell Receives Final Australian Regulatory Clearance, Combination with BG Only Needs Clearance from China Regulators
KaloBios to Acquire Benznidazole Program, Program is Used for the Treatment of Chagas Disease
KaloBios Pharmaceuticals, Inc. has announced in a press release that it will be acquiring a benznidazole program from Savant Neglected Diseases, LLC, a privately-held specialty pharmaceutical company. The program is used for the treatment of Chagas Disease.
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Great Western Bancorp to Acquire HF Financial, Solidifies Market Leadership Position in Sioux Falls
Great Western Bancorp, Inc. has announced in a press release that it will be acquiring HF Financial Corp. for approximately $139.5 million in a cash and stock transaction. The acquisition of HF Financial, the holding company and parent of Home Federal Bank, solidifies Great Western’s market leadership in Sioux Falls.
Samsung Appoints New President Of Mobile Communications
Samsung Electronics Co. Ltd. has appointed Koh Dong Jin, who previously worked on Samsung’s Pay and Knox, as the new president of mobile communications, according to a report from Bloomberg.
Swatch Partners with Visa, Allows Visa Cardholders to Pay with Swatch's New Pay-By-The-Wrist Watch
The Swatch Group Ltd. has announced in a press release that Swatch SA has signed an agreement with Visa, Inc. and Visa Europe about a partnership. The partnership will allow Visa cardholders in the U.S., Switzerland and Brazil the ability to tap and pay with Swatch’s new “pay-by-the-wrist” watch called Swatch Bellamy.
AB InBev to Sell Peroni and Grolsch, Looks to Smoothen Merger with SABMiller
Anheuser-Busch InBev (AB InBev) is planning to sell the Peroni and Grolsch brands that it would gain following its acquisition of SABMiller PLC, a person familiar with the matter told the Financial Times. The proposed transaction is AB InBev’s attempt to head off European regulatory concerns that may arise with its merger with SABMiller.
Murdoch Says Tribune Papers Likely to be Sold, LA Times to be Split Off
Rupert Murdoch, the executive chairman of News Corp., said in a tweet on his Twitter account that he had “strong word” that Tribune Publishing Co.’s newspaper group will bought by a “big Wall Street firm.” He also said that the Los Angeles Times would be split off and be purchased by philanthropist Eli Broad and local group.
Lufthansa Agrees to Pay Deal with 33,000 Personnel, Seeks to Avoid Further Strike
Deutsche Lufthansa AG has reached an agreement with Verdi, a trade union, with regards to the wages and pensions of about 33,000 ground crew and other personnel, according to a report from The Wall Street Journal. The German airline has agreed to pay its workers as it looks to avoid further strikes.
Last Boeing C-17 Departs Long Beach Facility, Marks End of Aircraft Production in Southern California
Boeing Company has announced in a press release that its final C-17 Globemaster III military aircraft has departed the company’s plant in Long Beach, California on Sunday, November 29, 2015. The departure marks the end of the aircraft production in Long Beach.
Merck Weighing Sale of Allergy Business, Looks to Reduce Debt
Merck KGaA, a German drugs and chemicals maker, is considering the sale of its allergy business Allergopharma, people with knowledge of the matter told Bloomberg. The German company is looking to reduce its debt following the $17 billion acquisition of Sigma-Aldrich Corp.
NextEra to Sell Fossil Generating Assets in Texas for $1.59 Billion, Reduce Exposure in the Power Business
NextEra Energy Inc. has announced in a press release that its affiliate NextEra Energy Resources LLC will be selling its ownership interest in two fossil generating assets in Texas to an affiliate of Energy Future Holdings. The transaction will help the energy company reduce its exposure in the competitive power business.
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