Month: December 2012

Norwegian energy major Statoil ASA ( STO ) has purchased a 25% participating interest from Brazilian metals and mining firm Vale SA ( VALE ) in BM-ES-22A in the Espirito Santo Basin, offshore Brazil. The transaction is liable to the consent of Brazilian authorities and other conditions for closing. Located in the Outer Espirito Santo Basin and adjacent to the BM-ES-32 license, BM-ES-22A consists of Blocks ES-M-468 and ES-M-527 […]

One of the world's largest solar companies, Canadian Solar Inc. ( CSIQ ) has acquired majority interest in two utility-scale solar power projects from SunEdison Power Canada Inc. ("SunEdison"), a subsidiary of MEMC Electronic Materials Inc […]

In an effort to better focus on international growth and seize new Process business opportunities, Graco Inc. ( GGG ) recently expanded its management team. […]

Takeda Pharmaceutical Company Limited ( TKPYY ) recently announced that it has mutually terminated its worldwide agreement with Amylin Pharmaceuticals, Inc., a wholly-owned subsidiary of Bristol-Myers Squibb (BMY). Takeda and Amylin had signed an agreement in October 2009 for the co-development and commercialization of obesity compounds. However, back in 2011, both companies decided to discontinue the development of obesity candidate, pramlintide/metreleptin […]

People’s Republic of China – the biggest telecom market in the world by subscriber base has set an ambitious goal for the forthcoming year. Additionally, the East Asian country expects 3G subscribers and broadband Internet to collectively propel growth in 2013. According to China’s Ministry of Industry and Information Technology (MIIT), the country expects to add 100 million 3G subscribers with the number of broadband Internet users to increase by 25 million in the coming year […]

Forest Labs ( FRX ) and Glenmark Pharmaceuticals S.A, a wholly owned subsidiary of Glenmark Pharmaceuticals Limited India, recently signed a collaboration agreement. The companies will work on the development of novel mPGES-1 inhibitors for the treatment of chronic inflammatory conditions, including pain. Potential candidates have already been identified by Glenmark […]

(This is Mark Vickery substituting for Sheraz Mian while he is away.) Say goodbye to 2012 — an occasionally volatile but modestly successful 12 months overall, even if Congress' apparent impotence in the face of the coming Fiscal Cliff has hacked away at that perception over the past couple weeks. The housing market has predictably gained traction, businesses are still sitting on giant mounds of cash and financial institutions look to be on much firmer ground. […]

The spate of acquisitions in the pharmaceutical industry continues with Perrigo Company ( PRGO ) completing the purchase of the privately-held Cobrek Pharmaceuticals, Inc. for approximately $45 million in cash. […]

Recently, Bristol-Myers Squibb Company ( BMY ) and partner Pfizer Inc. ( PFE ) received some encouraging news when the US Food and Drug Administration (FDA) cleared their anti-clotting drug Eliquis (apixaban). […]

The world's most popular Internet search engine provider Google Inc. ’s ( GOOG ) music service, Google Play Music recently came out with a new scan and match feature to better compete with its rivals Apple Inc . […]

An affiliate of Chicago, Illinois-based Hyatt Hotels Corporation ( H ) recently inked a management agreement with Societe d’Aménagement et de Promotion de la Station de Taghazout (SAPST) to unveil a hotel, Hyatt Place Taghazout, under Hyatt Place-brand in Taghazout, Morocco. The new hotel, which is scheduled to open in late 2014, will be the first Hyatt Place-branded hotel in Morocco. However, the company already owns a Hyatt Regency-branded hotel, Hyatt Regency Casablanca in Morocco. […]