Breaking News

Share SHARE

Detroit-based software developer Compuware Corp. (CPWR) is close to a deal to sell itself, the Wall Street Journal reported, quoting people familiar with the matter. The company is in advanced talks with a private-equity buyer, and a deal may be announced as soon as Tuesday. While the identity...

Italian eyewear company Luxottica Group S.p.A (LUX) said Monday that Andrea Guerra has stepped down as chief executive officer of the company after serving for almost ten years at the helm. According to media reports, Guerra has stepped down following differences with the company's founder and chairman,...

Ballard Power Systems (BLDP,BLD.TO) announced the appointment of Randall MacEwen to replace John Sheridan as President and Chief Executive Officer, effective October 6, 2014. John Sheridan planned to retire at yearend and will continue to serve as an employee in an advisory capacity and on the Board...

Spanish telecom operator Telefonica S.A. revealed Monday that it plans to exit its 14.8 percent stake in Italian phone carrier Telecom Italia SpA (TI, TIAOF) after it strikes the deal to acquire the Paris-based Vivendi S.A.'s (VIV.L, VIVEF) Brazilian broadband unit Global Village Telecom, S.A. (GVT)....

Dutch paint maker Akzo Nobel NV's (AKZOY, AKZOY.PK) Chief Executive Officer Ton Buechner has been solicited for a potential $7 billion acquisition of car-coatings company Axalta Coating Systems, Bloomberg reported Monday, citing people familiar with the matter. Axalta Coating, a former unit of Chemicals...

Insurance giant American International Group, Inc. (AIG) Monday said that in accordance with the company's succession plan, Peter Hancock has assumed the role of president and chief executive officer of the company, and has joined its board of directors. Hancock succeeds Robert Benmosche, who retired...

A special Chinese investigation team questioned Microsoft's (MSFT) Vice President David Chen and other staff members on the company's alleged monopoly activities in China, and asked the company to give a written explanation within 20 days. The state-run Xinhua news agency reported that the team led...

Scientific Games Corp. (SGMS) Monday said it has named Dan Savage as its Vice President, Corporate Marketing. The company said Savage will work closely with the its Gaming, Lottery and Interactive groups to identify, evaluate and leverage opportunities to increase player appeal and positioning in...

Insurance giant American International Group Inc. (AIG) said that Peter Hancock has assumed the role of President and Chief Executive Officer of the company, and has joined AIG's Board of Directors. Hancock succeeds Robert Benmosche, who retired and now serves as an advisor to AIG. Hancock, 56, joined...

Apple Inc. (AAPL) plans to turn its next iPhone into a mobile wallet through a partnership with major payment networks, banks and retailers, Bloomberg reported citing a person familiar with the matter. The agreement includes Visa Inc. (V), MasterCard Inc. (MA) and American Express Co. (AXP) and will...

French telecoms operator Iliad SA is reportedly in discussions with potential buyout partners to make a new offer for Deutsche Telekom AG's (DTEGY) T-Mobile US, Inc. (TMUS). Deutsche Telekom is likely to negotiate a sale if a bid is valued at least $35 per share, reports said citing people familiar...

Ablynx (ABLYF.PK) said Monday that it has expanded its relationship with Eddingpharm, China-based specialty pharmaceutical company, by granting Eddingpharm an exclusive, royalty-bearing license to develop and commercialise Ablynx's anti-TNFa Nanobody, ozoralizumab (ATN-103), in the mainland of the People's...

French pharmaceutical firm Ipsen (IPSEY) said Monday that the U.S. Food and Drug Administration or FDA has accepted and granted priority review of its supplemental New Drug Application or sNDA for Somatuline Depot 120mg injection in the treatment of gastroenteropancreatic neuroendocrine tumors or GEP-NETs. The...

UCB announced that the U.S. Food and Drug Administration has approved a supplemental new drug application (sNDA) for VIMPAT (lacosamide) C-V as monotherapy in the treatment of partial-onset seizures in patients with epilepsy aged 17 years and older. This is a new indication for VIMPAT which is already...

GE Healthcare, a unit of General Electric Co. (GE), announced that Vizamyl (flutemetamol (18F) solution for injection) has received marketing authorisation from the European Commission as a radiopharmaceutical medicinal product indicated for Positron Emission Tomography or PET imaging of beta amyloid...