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$4.3 Billion Deal Announced By Roche To Acquire Gene Therapy Specialist Spark

With the aim of building its portfolio for haemophilia treatment and to keep up with rivals in gene therapy, Spark Therapeutics was announced to be bought by the Swiss drug maker Roche Holding in a deal that would be worth $4.3 billion.   The Swiss company said in a statement that the...

In Addition To Phones, Intel To Extend Business In 5G Infrastructure

With the aim of convincing its investors that the billions of dollars that Intel had invested in the research and development for creation of 5G technology would reap benefits for the company, Intel Corp announced on Monday about new chips and partnerships.    Intel had acquired German...

Trump’s Comments Of US Role In 5G 'Clear And Correct': Huawei

While stressing its market position of being a global leader in smartphone manufacturing, Chinese telecom giant Huawei lauded the latest comments made by United States President Donald Trump about the future of U.S. mobile communications on Sunday.   These comments from the Chinese company...

Samsung Unveils Folding Screen Phone; But Is Priced At Almost $2,000

In an effort to beset the innovation jinx that it has been facing, South Korean tech giant Samsung provided the first glimpse of its latest smartphone with a foldable screen.   However doubts have already been cast over the new products as questions are being raised whether it would attract...

Record Fine Of €3.7 Billion For Tax Fraud Imposed On UBS By French Court

A record fine for France was announced by a Paris court against Swiss banking giant UBS. The fine amounted to 3.7 billion euros or $4.2 billion and is a landmark in tax fraud related fines in the country.   The conviction of the largest bank of Switzerland was based on the court finding true...

Huawei Founder Says CFO Arrest Was Politically Motivated

There was political motivation behind the arrest of Chief Financial Officer of Chinese tech firm Huawei Meng Wanzhoum said the founder of the company Ren Zhengfei on in an interview of the BBC on Monday.  V is also the daughter of the founder.   "Firstly, I object to what the US has...

Honda’s UK Car Unit To Be Closed, 3000 To Be Jobless: Reports

The manufacturing unit of the Japanese auto manufacturer Honda in Swindon, England would be closed down resulting in job losses for about 3000 employees, the company is set to announce.   According to a report by the Press Association quoting workers at the Wiltshire factory, the possible...

New Panel In Nissan Presses Ahead With Governance Reforms In Company

According to reports in the media, even as the French government is attempting to maintaining a strong hand in the Japanese auto maker Nissan, the Japanese firm is investigating the possibilities for implementing governance reforms and has appointed a special panel to help the company to draw out a...

PepsiCo Issues Earnings Warning For 2019 Due To More Planned Investments

PepsiCo Inc issued a warning for its 2019 earnings in its forecast for the year while announcing its fourth quarter results which were largely according to expectations of analysts. One of the largest coverage companies of the world said there would be a drop in 2019 earnings because of more...

Airbus To Stop Manufacturing A380 Superjumbo From 2021

The A380 superjumbo would no longer be freshly manufactured by Europe's Airbus, the plane maker announced on Thursday. This also marks an end to the dream of the company of being able to be a leader in the market in the 21st century with its cruiseliners and put an end to multiple years of...

Bankruptcy Filed By J&J Talc Supplier Over Court Cases Over Lawsuits

The multibillion-dollar lawsuits against Johnson & Johnson’s baby powder alleging that the product was the cause of ovarian cancer asbestos-related mesothelioma has resulted in one of the important suppliers of the product filing for Chapter 11 bankruptcy this week.   According to a...

McKesson Warned By US FDA Over Illegitimate Product Distribution

San Francisco-based McKesson has been warned against distribution of illegitimate drugs to pharmacies by the US Food and Drug Administration (FDA) under the Drug Supply Chain Security Act (DSCSA) in a strongly worded letter to the company.    The FDA had notified McKesson in September...
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