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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
Photo courtesy of geeksofdoom.com 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
Photo courtesy of topnews.ae 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
Tesla Motors Chief Executive Officer Elon Musk. ©REUTERS 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
©REUTERS 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
Photo courtesy of swimcrunch.com Gatorade pulls 'fire retardant' additive PepsiCo subsidiary Gatorade said Friday it was removing an ingredient from its popular citrus-flavored sports drink that has a second life as a fire retardant.
26 January 2013
Apple hails results but outlook knocks stock price Apple shares slid about 10 percent Wednesday after the tech giant posted record profits and sales of its iPhones and iPads but offered a disappointing forecast for the coming months.
25 January 2013
KFC parent company sorry over China chicken scare US fast food giant Yum! Brands has apologised to customers of its Chinese KFC restaurants after a scandal over tainted chicken that dented sales at the popular chain.
12 January 2013
©REUTERS AIG refuses to join lawsuit against US government The board of giant insurer AIG decided Wednesday not to join a private shareholder lawsuit against the US government over the $182 billion rescue of the insurer in 2008.
11 January 2013
©REUTERS India set to clear IKEA retail plan: minister India is on track to approve a bid by Swedish furniture giant IKEA to open its trademark blue-and-yellow stores in the country as it seeks big new markets for its flat-pack products.
28 December 2012
STX France lands major luxury liner order An ailing French shipyard landed a multi-million-dollar contract Thursday as a US cruise company announced it was ordering a massive luxury liner from STX France at Saint Nazaire.
28 December 2012
Photo courtesy of straightouthegate.com S. Korea's KT bids for Vivendi stake in Maroc South Korean mobile operator KT said Wednesday it has submitted a preliminary bid for French group Vivendi's stake in Moroccan carrier Maroc in a deal estimated to be worth more than $7 billion.
27 December 2012
Photo courtesy of smriticommodities.com US-Japan joint venture picked for Mozambique gas project A joint venture consisting of US company CB&I and Japan's Chiyoda Corporation has been picked to participate in a liquefied natural gas project in Mozambique.
26 December 2012
ConocoPhillips sells off Nigerian operation US energy giant ConocoPhillips has agreed to sell its Nigerian operations to growing African group Oando for 1.79 billion dollars (1.35 billion euros).
21 December 2012
©REUTERS AU Optronics executive guilty in LCD price-fixing case A US jury on Tuesday found a former senior manager at Taiwan-based AU Optronics Corp. guilty of taking part in a global scheme to rig prices of liquid crystal display screens.
19 December 2012
'Gulf princesses' hold key to lingerie firm revival Gulf princesses. The key to success holds in two simple words for Maison Lejaby, a historic lingerie maker rescued from collapse 10 months ago, and newly revived as a purveyor of "Made in France" luxury.
12 December 2012
PPR joins luxury sector rivals on China gold rush trail PPR, the French retailer that has snapped up Hong Kong jeweller Qeelin, intends to leverage the brand to build its presence in China and across Asia in a path already trodden by up-market rivals such as Richemont and Hermes.
12 December 2012
©REUTERS HSBC to sell stake in China insurer Ping An for $9.4 bn Britain's HSBC said Wednesday it would sell its stake in China's second largest life insurer Ping An for $9.4 billion, as it looks to shift its focus back towards its traditional banking business.
05 December 2012
Photo courtesy of stockwatch.in India warns Maldives over airport deal row India warned its neighbour the Maldives on Monday that it might freeze annual aid worth $25 million amid anger over an attempt to kick out the Indian firm managing the main airport in the country.
05 December 2012
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