Alexion valuation could choke any Roche bid
ZURICH (Reuters) – Buying Alexion Pharmaceuticals Inc would help Roche make a splash in the newly lucrative area of rare or so-called orphan diseases, but it could command a price that the Swiss drug maker is ultimately not willing to pay.
GE plans counterbid for Invensys: report
LONDON (Reuters) – U.S. General Electric is gearing up for a 3.5 billion pound ($5.3 billion) counterbid for British engineer Invensys that would trump last week’s offer from France’s Schneider Electric , a newspaper said on Sunday.
Analysis: New e-commerce strategies threaten UPS, FedEx
SAN FRANCISCO (Reuters) – UPS and FedEx might be worried about international shipments to slowing economies like China, but perhaps they should be more concerned about what’s going on in their own back yards.
Spain out of recession, must nurture recovery: minister
MADRID (Reuters) – Spain’s economy will grow in the second half of the year but the government must implement reforms and cut the deficit – at the right pace – to keep the recovery going, Economy Minister Luis De Guindos said in an interview published …
China to adjust liquidity, keep credit growth steady: central bank
BEIJING (Reuters) – China’s central bank pledged on Sunday to use a mix of policy tools to adjust banking liquidity to ensure steady credit growth, in an apparent bid to soothe market concerns about tighter monetary conditions.
Nissan to unveil Datsun in India in cheap-car push
BEIJING/MUMBAI (Reuters) – Nissan Motor Co takes the veil off the first car in its resurrected Datsun brand in New Delhi on Monday – a sub-400,000-rupee ($6,700) hatchback that is part of a foray by the Japanese auto maker into cheap cars for emerging …
Greece picks Eurobank to buy Postbank ahead of mid-July deadline
ATHENS (Reuters) – Greece’s bank rescue fund picked Eurobank to buy New Hellenic Postbank as part of consolidation in the sector and to meet a condition for the next tranche of Greece’s bailout, it said after a board meeting on Saturday.
Greece picks Eurobank to buy Postbank ahead of mid-July deadline
ATHENS (Reuters) – Greece’s bank rescue fund picked Eurobank to buy New Hellenic Postbank as part of consolidation in the sector and to meet a condition for the next tranche of Greece’s bailout, it said after a board meeting on Saturday.
No evidence Dreamliner fire linked to batteries: AAIB
LONDON (Reuters) – Investigators have found no evidence of a link between a fire that broke out on a Boeing 787 Dreamliner parked at London’s Heathrow airport and the plane’s batteries, Britain’s Air Accidents Investigation Branch (AAIB) said on Saturd…
Greeks split on reforms, public sector job cuts – poll
ATHENS (Reuters) – Greeks are split down the middle on whether public sector job cuts demanded by the country’s international lenders for continued bailout funding are necessary and most remain downbeat on the economy’s prospects, an opinion poll showe…
