Orders, revenue growth lifts Siemens Q3 outlook
The company anticipates total new orders and revenue growth at its industry, energy and healthcare sectors to exceed last year numbers as well as the previous quarter.
View ArticleNokia takes a swipe at iPhone 4's signal reception issue
Nokia takes a jibe on iPhone 4's antenna issues pertaining to blocked signal when the phone is held left-handed.
View ArticleTesla fixes IPO share price at $17
US electric car maker Tesla Motors Inc. priced shares in its initial public offering (IPO) at $17 a share, above the expected range, on Monday. Tesla will be the first US automaker to go public since...
View ArticleSpice maker McCormick to invest in Indian curry ingredient co
McCormick will buy a 26 percent minority stake in India's Eastern Condiments Pvt Ltd. (ECPL), a curry ingredient maker, for $35 million, expanding its presence in the world’s largest spice market.
View ArticleSeagate unveils new 3 terabyte external hard drive
Available immediately, the 3TB GoFlex Desk external drive with USB 2.0 adapter is priced at $249.99.
View ArticleGoogle cracks under China govt pressure, changes tack over censorship row
Google Inc. has cracked under Chinese pressure. The world's No.1 Internet search engine company said it would stop redirecting mainland Chinese users to an unfiltered site in Hong Kong, an indication...
View ArticleForest Laboratories' radiprodil fails in stage 2 trials; analysts call...
Forest Laboratories reported that its drug for neuropathic pain, radiprodil, had failed in stage 2 clinical trials. Analysts called it a "minor setback."
View ArticleTesla makes strong debut on Nasdaq; attracts green investors
US electric car maker Tesla Motors Inc. made a strong debut on the Nasdaq on Tuesday. Its shares opened at $19, well above the price they sold at in the initial public offering (IPO). Its shares are...
View ArticleKFC uses paper from endangered southern forests for packaging
Forest activists Dogwood Alliance says KFC sources its paper packaging needs for its iconic buckets from the Green Swamp forest in North Carolina.
View ArticleWal-Mart sued for terminating worker for consuming marijuana
The American Civil Liberties Union (ACLU) filed litigation against Wal-Mart Stores, Inc. for firing an employee on charges of consuming marijuana, despite medical prescription.
View ArticleSanofi-Aventis to buy US biopharma company TargeGen for $560 mln
French drugmaker Sanofi-Aventis SA agreed to buy TargeGen Inc., a privately-held U.S biopharmaceutical company that develops treatments against blood diseases, for about $560 million.
View ArticleAstraZeneca shares surge on court victory in Crestor patent infringement
AstraZeneca won the court ruling three years after it sued generic drugmakers to stop selling cheap Crestor versions in the US before the expiration of patent in 2016.
View ArticleCelgene to buy Abraxis BioScience for $2.9 billion
Celgene Corp agreed to acquire Abraxis BioScience Inc for $2.9 billion in cash and stock to expand its oncology pipeline, the companies said.
View ArticleBetter late than never, US says yes to international help to clean-up BP oil...
U.S. State Department says yes to receiving assistance from 12 countries and international bodies to clean the Gulf of Mexico oil spill.
View ArticleBoeing buys defense equipment maker Argon for $775 mln
The combined business will offer affordable, network-based capabilities to meet the mission-critical needs of Boeing's domestic and international customers, Boeing said.
View ArticleMonsanto Q3 profit falls 45 pct, herbicides sales plunge
For the fourth quarter, Monsanto expects ongoing results to range from a loss of 9 cents to a profit of 11 cents.
View ArticleEnbridge to spend $500 mln for Colorado wind energy project
Enbridge has agreed to own and operate Cedar Point project, which will be built by Broomfield, Colorado-based RES Americas using 139 1.8 megawatt turbines from Denmark's Vestas Wind Systems A/S.
View ArticleFord trims debt obligations by $4 bln, eases liquidity concerns
US No.2 automaker Ford Motor Co. said, Wednesday, it has taken steps to reduce its debt by $4 billion by paying the amount in cash to a trust fund for retired union workers. The announcement eased...
View ArticleJapanese carmarkers to recall 100,000 vehicles in Japan
Toyota, Honda, Nissan and Mitsubishi Motors will recall more than 100,000 vehicles in Japan due to defective air bags and seat belts.
View ArticleCaterpillar hikes production in Brazil, China
Earth moving equipment manufacturer Caterpillar outlined plans to invest in Brazil and China to augment its production capacity buttressing it focus on emerging markets.
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