Biz/Tech
RadioShack Names Nick Cannon as New Chief Creative Officer In Hopes Of Being A Must-Visit Electronics Store Again
Yahoo Board Eying Sale of Internet Business: Execs Also Allegedly Considering Spinning Off Stake in Alibaba
Great Western Bancorp to Acquire HF Financial, Solidifies Market Leadership Position in Sioux Falls
Qualcomm Enters Patent License Agreement with Xiaomi, Quells Fears that Chinese Vendors are Ignoring Company's Patent Licensing
Qualcomm Inc. has announced in a press release that it has entered into a new 3G and 4G China patent license agreement with Xiaomi Inc., a leading Chinese smartphone and Internet company. The announced agreement quells investors’ fears that Chinese vendors are ignoring Qualcomm’s patent licensing.
Latest News
Lufthansa Agrees to Pay Deal with 33,000 Personnel, Seeks to Avoid Further Strike
Deutsche Lufthansa AG has reached an agreement with Verdi, a trade union, with regards to the wages and pensions of about 33,000 ground crew and other personnel, according to a report from The Wall Street Journal. The German airline has agreed to pay its workers as it looks to avoid further strikes.
Last Boeing C-17 Departs Long Beach Facility, Marks End of Aircraft Production in Southern California
Boeing Company has announced in a press release that its final C-17 Globemaster III military aircraft has departed the company’s plant in Long Beach, California on Sunday, November 29, 2015. The departure marks the end of the aircraft production in Long Beach.
Neiman Marcus Website Suffers Outage on Black Friday, Affects the Company During Holiday Shopping
Neiman Marcus, an American luxury specialty department store, has suffered an outage on Black Friday, according to a report from CNBC. The outage could dampen on Neiman Marcus’ sales performance during the holiday shopping season.
NextEra to Sell Fossil Generating Assets in Texas for $1.59 Billion, Reduce Exposure in the Power Business
NextEra Energy Inc. has announced in a press release that its affiliate NextEra Energy Resources LLC will be selling its ownership interest in two fossil generating assets in Texas to an affiliate of Energy Future Holdings. The transaction will help the energy company reduce its exposure in the competitive power business.
LG Display to Invest in OLED Panels, Build New Plant
LG Display Co. has announced in a press release that it will be investing 1.84 trillion won, or about $1.59 billion to begin building a new OLED panel plant in Paju, Gyeonggi Provine, Korea.
Merck Weighing Sale of Allergy Business, Looks to Reduce Debt
Merck KGaA, a German drugs and chemicals maker, is considering the sale of its allergy business Allergopharma, people with knowledge of the matter told Bloomberg. The German company is looking to reduce its debt following the $17 billion acquisition of Sigma-Aldrich Corp.
Bang & Olufsen Reviewing Takeover Bid, Shares Rise More than 30 Percent
Ole G. Andersen, the chairman of Bang & Olufsen A/S, a Danish maker of high-end stereo and TV, have confirmed in a statement that it has received offer for a possible takeover and is reviewing this offer.
Amgen Files for U.S. Approval of Biosimilar Candidate to Himura, First Biosimilar Application of Company
Amgen Inc. has announced in a press release the submission of a Biologics License Application to the U.S. Food and Drug Administration (FDA) for ABP 501, a biosimilar candidate to Humira, or adalimumab, an anti-TNF-α monoclonal antibody. The application is Amgen’s first Biologics License Application submitted using the 351 (k) biosimilar pathway.