The Israeli government has suspended its decision to review and possibly cancel a tender won by the MTS group to build a light rail system in Tel Aviv, group leader Africa Israel Investments Ltd said on Monday.
Spectrum Pharmaceuticals Inc said Handok Pharmaceuticals Co Ltd will develop and commercialize Spectrum's experimental cancer drug in South Korea as part of a deal valued at more than $19 million.
Burford Capital, the AIM-listed investor in corporate lawsuits -- said on Monday it has made its first two investments since raising 80 million pounds ($132.3 million) in an IPO last month.
Japan Airlines Corp asked retirees and employees on Monday to accept an average 40 percent cut to their pension payouts and warned the struggling airline could face bankruptcy if an agreement could not be reached.
Egyptian investment bank Beltone Financial has begun operations in Libya, hoping to take advantage of a potential boom in new share offerings, a company official said on Sunday.
Libya plans to sell shares in four state companies in initial public offerings (IPOs) in 2010, including two telecom firms, an iron and steel company and a bank, the chairman of the Libyan Stock Market said on Sunday.
Campbell Soup Co reported a higher-than-expected quarterly profit on Monday, helped by price increases and easing costs for ingredients including grains and tomatoes that offset a drop in sales.
U.S. billionaire investor Wilbur Ross plans to buy shares of China Longyuan Power Group, Asia's largest wind power generator, which aims to raise up to $2.2 billion from its Hong Kong initial public offering, according to a preliminary prospectus.
South African fixed-line phone company Telkom SA Ltd reported close to a 40 percent fall in first-half profit on Monday as both its domestic and Nigerian units struggled, sending its shares tumbling.
Canadian fertilizer maker Agrium Inc said on Monday it would persist in its hostile bid for U.S. rival CF Industries Holdings, a move that could prolong the already drawn-out three-way merger battle in the sector.
Independent oil and natural gas company Concho Resources Inc said it will acquire interests in certain producing and non-producing assets in the Permian Basin for $225 million in cash, from multiple private sellers .
Gourmet coffee chain Peet's Coffee & Tea Inc increased its cash-and-stock offer to acquire Diedrich Coffee Inc by $53 million to ward off competition from rival Green Mountain Coffee Roaster Inc.
Campbell Soup Co reported a higher-than-expected quarterly profit on Monday, helped by prices increases, easing costs for ingredients like grains and tomatoes and efforts to cut overhead costs.
Japan's defense ministry is moving toward selecting Lockheed Martin Corp's F-35 jet as the mainstay of its next-generation fighter force, Kyodo news agency reported on Monday, citing ministry sources.
Cadbury Plc would prefer a merger with U.S. chocolate maker Hershey Co rather than Kraft Foods Inc, the British company's chairman Roger Carr told the Sunday Telegraph newspaper.
Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion pound ($16.3 dollars) bid by Kraft Foods Inc and a potential move by Hershey , Bloomberg reported on Sunday.
Royal Dutch Shell is in talks to buy 10 percent of India's Essar Oil as part of a deal where it would sell three European refineries to the Indian firm, the Economic Times reported on Saturday, citing people with knowledge of the plans.
Japan's Honda Motor Co Ltd has again produced the most fuel efficient and least polluting vehicles on American roads, the U.S. government projections for 2009 showed on Friday.
A Chinese engineer arrested on suspicion of stealing Ford Motor Co. trade secrets will likely face additional charges after more secret data was found on his computer, U.S. prosecutors said this week.
Rio Tinto's aluminium operation in Cameroon has secured a 30-year power supply contract with the government but electricity costs have doubled and output from a smelter will fall due to cuts in power consumption, Rio said.
Struggling carrier Japan Airlines Corp (JAL) plans to propose cutting pension payments to its employees and retirees by an average of roughly 40 percent, a Japanese newspaper said on Saturday.
Bank of America Corp Chief Executive Kenneth Lewis has said he would consider postponing his retirement if directors need more time to find a successor or smooth the transition to the next CEO, the Wall Street Journal reported on Friday.
The chief executive of Delta Air Lines Inc says the SkyTeam alliance of global carriers would be willing to invest more than its proposed $1.02 billion in Japan Airlines, the Wall Street Journal reported.
Japan Airlines Corp will ask the government as early as Tuesday for 100 billion yen ($1.13 billion) in bridge loans from the Development Bank of Japan, the Nikkei business daily said.
The chief executive of Delta Air Lines Inc says the SkyTeam alliance of global carriers would be willing to invest more than its proposed $1.02 billion in Japan Airlines , the Wall Street Journal reported.
Sands China Ltd raised US$2.5 billion when it priced its Hong Kong initial public offering at the bottom of an indicated range, a source familiar with the deal said on Saturday.
U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.
Barnes & Noble Inc said on Friday it had sold out of its newly-launched Nook electronic readers due to high demand -- a pre-holiday miscalculation that analysts said could boost sales of rival Amazon.com Inc's market leading Kindle.
U.S. electric sports car maker Tesla Motors plans to go public soon, two sources familiar with the matter said, amid growing interest in green technology and battery-powered vehicles.
Auto retailer and financer America's Car-Mart Inc posted better-than-expected quarterly results, helped by strong same store sales and an increase in its customer base. For the second quarter, the company reported net income of $6.3 million, or 53 cents a share, compared with $3.9 million, or 33 cents a share, a year ago.
