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Rosneft (ROSN.L) and Indian ONGC Videsh Limited have signed an agreement of sale and purchase of 15% in Vankorneft and shareholders agreement in regard of the enterprise management. ONGC Videsh will have two places in the Board of Vankorneft. The agreements on considering acquisition of minority share...

ZTE (ZTCOF.PK, ZTCOY.PK), a mobile device maker, Friday announced the launch of the international version of its new global flagship smartphone, ZTE Axon Elite, at IFA 2015. The ZTE Axon Elite is set to go on sale in markets across Europe, Latin America and the Asia-Pacific in the coming months. Axon...

Zurich Insurance Group (ZURVY) announced that Kristof Terryn, currently CEO of Global Life, will take over as CEO of General Insurance, effective October 1, 2015. He replaces Mike Kerner. Kristof Terryn will continue to run the Global Life business until a replacement is announced. Kristof Terryn...

Bayer AG (BAYZF.PK, BAYRY.PK, BYR.L) Friday said it has decided to proceed with an initial public offering of Covestro AG, the polymers company formerly known as Bayer MaterialScience. Covestro will seek a listing in the regulated market segment of the Frankfurt Stock Exchange. The offering will...

Libre Wireless Technologies, Inc., an embedded WiFi and Wireless solutions provider, Friday announced its technology partnership with Korean telecommunications company SK Telecom Co. (SKM), culminating in the launch of SK Telecom's ultra-modern "UO Linkage." Libre powers SK Telecom's innovative portable...

India's Cipla Ltd (CPLFY.PK) said Friday that its UK arm, Cipla EU has entered into definitive agreements to acquire two US-based companies, InvaGen Pharmaceuticals Inc., and Exelan Pharmaceuticals Inc. for about $550 million in cash. The combined revenue from these transactions is over $200 million...

Swiss drugmaker Novartis (NVS) said the European Commission has approved Farydak (panobinostat, previously known as LBH589) capsules, in combination with bortezomib and dexamethasone, for the treatment of adult patients with relapsed and/or refractory multiple myeloma who have received at least two prior...

Genentech, a member of the Roche Group (RHHBY), Friday said the U.S. Food and Drug Administration has granted breakthrough therapy designation to ACE910 (RG6013, RO5534262) for the prophylactic treatment of people who are 12 years or older with hemophilia A with factor VIII inhibitors. Hemophilia...

Toshiba Corp. (TOSYY.PK, TOSBF.PK) Friday announced the launch of "TZ1041MBG", an application processor for wearable devices. This is the latest addition to its ApP Lite family TZ1000 series of solutions for the Internet of Things, first released in March 2014. Sample shipments will start in October...

Manchester United (MANU) and South Korean footwear brand Sbenu announced an agreement which will see the company becoming the club's Official Casual Footwear Partner in the country. As part of the agreement, Sbenu will have the exclusive rights to produce and market Manchester United branded casual...

The U.S. Department of Justice announced today that Schroder & Co. Bank AG has reached a resolution under the department's Swiss Bank Program. Schroder Bank will pay a $10.354 million penalty. The Swiss Bank Program, which was announced on August 29, 2013, provides a path for Swiss banks to resolve...

Automotive parts supplier NGK Insulators Ltd. has agreed to plead guilty and to pay a $65.3 million criminal fine for its role in a conspiracy to fix prices and rig bids for ceramic substrates for automotive catalytic converters supplied to automobile manufacturers. The company will also plead guilty...

Genzyme Corp., a wholly-owned biotechnology subsidiary of French pharmaceutical company Sanofi (SNYNF, SNY), agreed to resolve criminal charges that it violated the federal Food, Drug and Cosmetic Act or FDCA with regard to the unlawful distribution of Seprafilm, a surgical device it markets and promotes,...

Aircraft leasing company Avolon (AVOL) on Thursday said it has agreed to be acquired by Bohai Leasing Co Ltd at a price of US$31 cash per share, in a transaction with an enterprise value of about US$7.6 billion. The deal is expected to close by the first quarter of 2016. The offer price represents...

AstraZeneca (AZN, AZN.L) on Thursday said the U.S. Food and Drug Administration has approved BRILINTA (ticagrelor) tablets at a new 60mg dose to be used in patients with a history of heart attack beyond the first year. With this expanded indication, BRILINTA is now approved to reduce the rate of cardiovascular...

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