Pfizer Inc (PFE.N) said on Monday it would buy drug developer Arena Pharmaceuticals Inc (ARNA.O) for $6.7 billion in cash, to add a promising treatment candidate that targets diseases affecting…
Category: Business
VW’s SEAT adds output curbs in December as chip shortage lingers
Volkswagen (VOWG_p.DE)'s Spanish unit SEAT has added new output curbs at its main assembly car plant near Barcelona in December, closing its factory for five days, because of global semiconductor…
Libor limbers up for ‘Y2K’ walk into a $265 trillion sunset
Bankers and regulators will be at their screens on New Year's Eve to see if what was once dubbed the world's most important number slips quietly into the history books.…
New China import rules bring headaches for food and beverage makers
Makers of Irish whiskey, Belgian chocolate and European coffee brands are scrambling to comply with new Chinese food and beverage regulations, with many fearful their goods will be unable to…
Germany’s trillion-euro savings banks mull crypto wallet
Germany's savings banks, a conservative bastion that holds more than 1 trillion euros for thrifty Germans, is looking into offering a wallet to trade cryptocurrency, a group of the banks…
Branson leads $530 mln funding round for Virgin Atlantic
Virgin Atlantic has raised 400 million pounds ($530 million) in fresh funding from shareholders Virgin Group and Delta Air Lines (DAL.N) as a new bout of gloom descends on the…
Renault and unions to sign three-year deal, union sources say
French carmaker Renault (RENA.PA) looks set to win union backing for a three-year plan including 1,700 job cuts, sources at three union groups said on Monday. Though the CGT labour…