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$1 Billion Verdict in Hip Implant Trial to be Questioned on Grounds of Fairness of Trial by J&J

A verdict of $1 billion in damages against Johnson & Johnson last week over allegations of design flaws in its Pinnacle hip implant would be challenged in terms of the fairness of the trial that resulted in the fine, the company said.   The Texas jury's penalty, the largest product...

To Accelerate Push into Auto Electronics, Panasonic may buy ZKW: Reuters

Accelerating its push into the automotive electronics market, Japan's Panasonic Corp may buy European automotive light maker ZKW Group, reported news agency Reuters citing information derived from a person familiar with the matter.   While claiming that ZKW was not negotiating with Panasonic...

Analysts say Despite U.S. Block, Aixtron Could Revive Takeover

If the German semiconductor equipment maker sells its Silicon Valley division to get around U.S. objections, analysts said that the sale of Aixtron to Chinese investors could go ahead under new terms.   Aixtron U.S., the division of the Germany company in California where nearly a fifth of...

In 1MDB-Related Probe, Penalties Slapped on Stanchart and Coutts by Singapore

Due to money laundering breaches related to Malaysia's scandal-tainted 1MDB fund, the local units of U.K.-based Standard Chartered Bank and Coutts were imposed penalties by Singapore's central bank, it said on Friday.   The central bank have earlier this year ordered the closure of the local...

Over $1 Billion Penalty Verdict on Hip Implants Slapped Against J&J

Six plaintiffs who said they were injured by Pinnacle hip implants were granted to be paid more than $1 billion by Johnson & Johnson and its DePuy Orthopaedics unit by a federal jury in Dallas.   The companies failed to warn consumers about the risks and the metal-on-metal Pinnacle hip...

To Help Finance Syngenta Bid, Chemchina Setting Up $5 Billion Fund: Basis Point

To help finance its purchase of Swiss seeds group Syngenta, China National Chemical Corp or ChemChina is reportedly setting up a fund that will aim to raise $5 billion for that purpose, reported Thomson Reuters publication Basis Point quoting two sources with direct knowledge of the matter.  ...

Actelion would be Left with 'Lot of Explaining to do' if it Rejects J&J Offer

Chief Executive of Actelion, Jean-Paul Clozel, would be left  with some explaining to do if he turned down an offer around that level as some Actelion shareholders would be attracted by a $27 billion bid for the Swiss biotech company from Johnson & Johnson.   The two companies are...

Xiaomi Won’t be Hit by Shrinking Smartphone Slaes, says the Company

Since for the fact that the profit growth of China’s Xiaomi will be driven by sales from smart home devices as well as revenue from its software eco-system, therefore the sharp drop in smartphone sales for the Chinese company will not have a major impact on the company, reported the media quoting a...

Talks to Buy Host Europe Initiated by GoDaddy: Reuters

As the U.S. website domain name provider GoDaddy attempts to expand and seek new ways to generate higher-margin businesses beyond the initial set-up of websites, it intends to buy peer Host Europe Group (HEG) and the media reported, quoting people who had knowledge about the matter, that it is in...

SDI Battery Affiliate Struggles as Samsung Moves on from Note 7 Crisis

Affiliate Samsung SDI is quietly reassuring anxious clients including Apple Inc that its batteries are safe, while in the shadows of Samsung Electronics' Note 7 smartphone crisis.   But as Samsung's biggest in-house parts supplier grapples with the reputational fallout from the Note 7...

NYT Reports Censorship Tool to Attain China Re-entry Built by Facebook

After a seven-year ban, Facebook Inc hopes that it can get back access to the Chinese market. Sources in the company, the largest social media platform in the world, were quoted by the New York Times reported on Tuesday that saying that Facebook has quietly developed a censorship tool that could...

In Battle of Big Twinjets, Airbus to Fly Biggest A350

Stepping up a war for sales in a market segment dominated by U.S. rival Boeing, Airbus is preparing to stage the maiden flight of its largest twin-engined airplane, the A350-1000.   As the dominant planemakers vie to outdo each other in size and efficiency in a category expected to generate...
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