Pharmaceutical giant Pfizer Inc. (PFE) announced it had reached a settlement worth $2.15 billion with Teva Pharmaceutical Industries Ltd. (TEVA) and Sun Pharmaceutical Industries Ltd. (SUNP) after almost a decade of trials over Protonix sales in the United States.
Legal & Regulatory
Wal-mart votes Cash as new Lead Director
Amidst the investigation against several top officials, Wal-Mart's board votes for James Cash as new Lead Director.
Spirit AeroSystems Holdings under investigation
Spirit AeroSystems, a manufacturer of aeronautics parts and tools, is being investigated by a law office under claims of misrepresentation.
Dole shareholders sue directors over privatization plan
Dole's shareholders sue the company's board to stop it from accepting a deal offered by the company's top executive.
India Postpones Jet Airways Stake Sale to Etihad
The Indian government deferred the proposed stake sale of Jet Airways to Etihad as it seeks more information regarding the ownership of the local carrier.
Latest News
Hewlett Packard's (HP) Indian unit faced a US$386 million order after the Indian customs department stated that the company has underpaid dues while importing spare parts and other products into India.
Bank of America, Chase, CitiGroup and other big banks were given two years to comply with the Dodd-Frank requirement that pushed swaps trading out of banks.
Lio Energy Systems Holdings and Miles Electric Vehicle filed for Bankruptcy last May 1. Sales have been slow for the electric automobile company. The same mishap has been experienced even by industry leaders GM, Ford, Nissan, and Honda Motor Co, when despite their heavy investments still experienced slow sales from electric vehicles.
Ambow Education has been ordered liquidated by a Cayman Islands court. (Photo : Reuters)The image is the team logo of Avenue Capital Group. Ambow Education Holdings Ltd of China was ordered by a court to go into provisional liquidation.
Virtus Health Pty Ltd great IPO start at 7% its premium and brings possible renewed interest on investing at private equity-backed firms.
Investors aren't so sure as to the direct outcome of Mexico's new law toward communication companies.
Japan's central bank holds back on new measures to calm turbulent markets. (Photo : REUTERS) Central bankers considered the idea to extend the maximum duration of cheap, fixed-rate funds offered via market operations from one year to two years.
European stocks fell as the German court began hearings on ECB's bond-buying proposal. Due to Bank of Japan's (BOJ) refusal to undertake programs for stimulus expansion, stocks from Europe fell.
Fannie Mae and Freddie Mac challenged the US through a lawsuit filed in the US Court of Federal Claims after stating that the takeover of the Federal Housing Finance Agency in 2008 was illegal and damaging to the companies.
