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US drug firm Mylan to buy Indian firm for $1.6 bn US generic drugs specialist Mylan said Thursday it would buy a unit of India's pharma firm Strides Arcolab for $1.6 billion, boosting its presence in the high-growth injectable drugs market.

28 February 2013

Chinese oil giant CNOOC buys Canada's Nexen The Chinese oil giant CNOOC completed its $15.1 billion purchase of Canada's Nexen energy group on Monday, in what analysts have said is China's largest foreign investment.

26 February 2013

Judge blocks Apple shareholder vote in lawsuit A US federal judge blocked Friday an Apple shareholder vote in response to a hedge fund lawsuit that claimed the tech giant was improperly bundling questions on a ballot.

24 February 2013

New York Times revives effort to sell Boston Globe The New York Times, facing a difficult environment for newspapers in the digital age, announced Wednesday that it was reviving its efforts to sell The Boston Globe.

21 February 2013

World's biggest food firms embroiled in Europe horsemeat scandal The world's biggest food company, Swiss-based Nestle, and the world's top beef producer, JBS of Brazil, were Tuesday the latest in a long list of firms to be caught up in Europe's spiralling horsemeat scandal.

20 February 2013

FBI examining possible Heinz insider trades The FBI is examining possible insider trading in Heinz shares ahead of last week's buyout announcement, after US regulators identified suspicious trades from a Swiss account.

20 February 2013

US airline merger latest in global consolidation Thursday's merger between American Airlines and US Airways marks the latest in a series of recent deals that has consolidated the airline industry.

15 February 2013

Berkshire, 3G buy ketchup maker Heinz in $28bn deal Billionaire Warren Buffett's investment powerhouse Berkshire Hathaway and Brazilian-led 3G Capital announced Thursday they would take over venerable US ketchup maker Heinz in a deal worth $28 billion.

15 February 2013

Russian firm to pay Venezuela $1.1 bn in joint oil venture Russian oil giant Rosneft will pay Venezuela $1.1 billion to take part in a joint oil-extraction venture in the crude-rich southeast.

14 February 2013

Peugeot unveils historic 5 bn euro loss for 2012 Embattled French auto giant PSA Peugeot Citroen announced Wednesday a massive net loss of five billion euros ($6.7 billion) for 2012, the worst result in its history.

13 February 2013

Italy defence firm chief arrested for India bribes: reports Italian police on Tuesday arrested the chief executive of aerospace and defence giant Finmeccanica for corruption and embezzlement in relation to alleged bribes given to the Indian government.

12 February 2013

American and US Airways near mega-merger American Airlines and US Airways are close to striking a merger deal that would create the largest airline in the United States in the latest bout of consolidation in the US aviation industry.

12 February 2013

Dell buyout highlights PC sector woes: analysts Dell's plan to take the computer giant private offers an opportunity to return to its start-up roots, but won't solve the fundamental problems facing the company and the PC sector.

06 February 2013

Barclays announces departure of senior bank staff Barclays on Monday said that its finance director and top legal expert had decided to leave the bank, as the British lender undergoes a shake-up in the wake of the Libor rate-rigging scandal.

05 February 2013

Pfizer unit Zoetis makes strong market debut Zoetis, pharmaceutical giant Pfizer's animal-health division, made a dramatic debut on Wall Street Friday as the biggest initial public offering since Facebook.

02 February 2013

Hostess selects lead bidders after $410 mn offer Twinkie manufacturer Hostess said Wednesday it had chosen a joint offer from investment firms C. Dean Metropoulos & Co. and Apollo Global Management LLC as the lead bid to buy the popular snack maker.

01 February 2013

Philips returns to profit, sells entertainment business Electronics giant Philips on Tuesday reported 2012 net profits of 231 million euros (311 million dollars), after losses of 1.29 billion euros in 2011, and announced the sale of its entertainment business to focus further on health products.

31 January 2013

Tech entrepreneur Musk offers to help Boeing Tech entrepreneur Elon Musk, founder of the electric carmaker Tesla and aeronautics firm SpaceX, has offered to help Boeing fix apparent problems with the batteries in its grounded 787 Dreamliner.

30 January 2013

Starbucks may pull British investment over tax issue: report Starbucks has threatened to suspend millions of pounds of investment in Britain over what it sees as unfair targeting by Prime Minister David Cameron over its tax affairs.

27 January 2013

Apple loses world's most valuable company crown Apple shares extended their losses Friday, ending a miserable week for the California tech giant as it surrendered its position as the world's biggest company based on market value.

27 January 2013

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