Savient Pharmaceuticals filed for bankruptcy protection and court approval to sell assets to a US WorldMeds unit.
Corporations
Yandex purchases Russian-language movie website to expand search business
In an announcement today, Russia's largest search engine company Yandex said it had acquired Kinopoisk, a movie review site, for an undisclosed amount.
AstraZeneca purchases Spirogen for USD440 million
British drugmaker AstraZeneca announced on Tuesday that it had purchased biotech company Spirogen in a deal worth USD440 million in total.
Wumart Stores wants to purchase CP Lotus outlets- source
Wumart Stores was said to be in discussions with CP Lotus to buy the latter's units, according to a source who told Bloomberg.
Citigroup, State Street puts measures in place for potential US government debt default- report
A Wall Street Journal report said that Citigroup and State Street were already preparing for a possible debt default by the US government.
Latest News
VEBA Trust pegs shareholdings at USD3.6 billion. The healthcare trust affiliated with the United Auto Workers union had finally placed a price tag on the worth of its shares in Chrysler Group.
With the latest mishaps besetting Southeast Asia's oldest light railway transit system, bidding for its upgrade and improvements have resulted in one remaining bidder.
BlackBerry Chief Marketing Officer said the firm had taken one page ads to communicate with its consumer base.
Wal-Mart Stores Inc and Xerox Corp blamed each other for the glitch that caused food stamp recipients to go on an all-out shopping spree over the weekend.
Xerox Corp said the glitch that affected food stamp beneficiaries in 17 states was caused by a temporary shutdown of the system after a test was performed.
WPP Plc expands into China with its acquisition of IM2.0. The world's biggest advertising company, WPP Plc, is expanding its network to China through the purchase of a digital advertising agency.
Stock markets in Europe fluctuated wildly amidst the uncertainty of the US finalizing budgets for its debt servicing and other governmental services.
Rights coverage and greater viewership are promised in the new deal between 21st Century Fox Inc and the German Bundesliga.
In a survey conducted over UAE small and medium enterprises, over 80% would hire more employees in the next six months.
