Glaxo-Avalon Ventures Launch Three Drug Startups

Related Link: 

GlaxoSmithKline and Avalon Ventures have launched three companies from their $495 million drug-discovery collaboration, giving each startup $10 million each over the next three years to pay for research readying potential drugs for testing in humans.

German Amazon Workers on Strike

Related Link: 

Workers at five German Amazon.com logistics centers walked out in a two-day strike to support demands for a collective wage agreement, the Verdi labor union said.

Tesco Probes Accounting Error

Related Link: 

Tesco has suspended four senior executives and called in outside auditors and legal counsel to investigate the overstatement of the U.K. supermarket operator's profit forecast.

Railways Reshape Crude Market

Related Link: 

Initially conceived of as a stopgap measure until pipelines could be constructed, shipping crude by rail has become a permanent part of the nation's energy infrastructure.

Germany's Merck to Buy Sigma-Aldrich

Related Link: 

German pharmaceutical company Merck said it would acquire U.S. firm Sigma-Aldrich for $17 billion, to strengthen its position in the life-science industry.

Des Moines Register Adds a Bit of Virtual Reality to News Report

Related Link: 

The Des Moines Register on Monday will publish its first virtual-reality news report, incorporating the technology of Oculus VR, computerized game platforms and 360-degree cameras.

Auxilium Sticks With QLT's Merger Deal

Related Link: 

Auxilium Pharmaceuticals Inc. said Monday its board has determined that Endo International PLC's unsolicited acquisition proposal isn't superior to its existing merger agreement with QLT Inc.

Courts Nix More Software Patents

Related Link: 

Federal courts have rejected more software patents since a U.S. Supreme Court ruling in June tackled the question of whether—and when—computer programs can qualify for intellectual-property protection.

Labor Groups Seek Probe of Wal-Mart's PAC

Related Link: 

Labor and advocacy groups are seeking an investigation into whether Wal-Mart violated federal election laws by soliciting employees for donations to its political-action committee in exchange for charitable contributions to a fund that helps Wal-Mart employees in need.

Justice Stirs Concern Urging Companies to Aid Crackdown

Related Link: 

The Justice Department recently called for more cooperation from American corporations in cracking down on financial crime. So far, however, lawyers who represent companies in such cases aren't giving the idea rave reviews.

Syndicate content