GlaxoSmithKline plans to split into two businesses — one for prescription drugs and vaccines, the other for over-the-counter products — after forming a new joint venture with Pfizer’s consumer health division.
Airfares in the fast-growing Indian market are 10 to 15 percent lower than breakeven levels for airlines, a Boeing Co executive said, as the planemaker raised its long-term jet order forecast for the nation to a record despite market challenges.
Bristol-Myers Squibb Co received an offer from Japanese healthcare firm Taisho Pharmaceutical Holdings Co Ltd to buy the company’s French over-the-counter drugs business UPSA for $1.6 billion, the companies said on Wednesday.
Estonia has made its first arrests in one of the biggest money laundering scandals in history involving Denmark’s Danske Bank , detaining 10 former employees at the bank’s Estonian branch, the state prosecutor said Wednesday.
Italy’s Transport Minister Danilo Toninelli said on Wednesday that he would like to revoke motorway concessions held by Autostrade per l’Italia after the collapse of a bridge in Genoa last August.
Drug inspectors have seized samples of Johnson & Johnson Baby Powder from a factory in northern India, an industry source said on Wednesday, following a Reuters report that the firm knew for decades that cancer-causing asbestos lurked in the product.
GlaxoSmithKline plans to split into two businesses — one for prescription drugs and vaccines, the other for over-the-counter products — after forming a new joint venture with Pfizer’s consumer health division.
Boeing Co raised its projection for India’s aircraft orders to a record high on Wednesday, predicting the nation’s carriers would order up to 2,300 new planes worth $320 billion from global planemakers over the next 20 years.
Oil prices clawed back some ground on Wednesday as global equity markets showed signs of stabilizing, but crude was still under pressure from worries about oversupply and a slowing global economy that had driven sharp losses in the last three sessions.
GlaxoSmithKline Plc and Pfizer Inc said they would combine their consumer health businesses in a joint venture with sales of 9.8 billion pounds ($12.7 billion), majority owned by the British company.
India’s federal drug regulator will on Wednesday seize samples of Johnson & Johnson’s baby powder for testing, local media said, following a Reuters report that the company knew for decades that cancer-causing asbestos lurked in the product.
SoftBank Corp shares tumbled more than 14 percent on debut, as investor appetite for Japan’s biggest ever IPO was hurt by a recent service outage at the telecoms operator and worries over its exposure to Chinese telecoms gear maker Huawei.
The U.S. Federal Reserve is expected to raise interest rates on Wednesday, but may cut the number of hikes it anticipates next year and signal an earlier end to its monetary tightening in the face of financial market volatility and rising recession fears.
Billionaire entrepreneur Elon Musk made a brief public appearance late on Tuesday to unveil the first tunnel completed by the underground transit venture he launched two years ago as an ambitious remedy to Los Angeles’ infamously heavy traffic.
India’s federal drug regulator will on Wednesday seize samples of Johnson & Johnson’s baby powder for testing, local media said, following a Reuters report that the company knew for decades that cancer-causing asbestos lurked in the product.
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