Chinese vaccine maker Sinovac Biotech Ltd hopes to put its H1N1 vaccine through its first clinical trial by the end of July, as pharmaceutical firms race to put vaccines against the new flu virus into commercial production.
GlaxoSmithKline took another step in building its business in emerging markets on Monday by signing an alliance with Indian generic drugmaker Dr Reddy's Laboratories.
Sichuan Tengzhong Heavy Industrial Machinery, the surprise bidder for General Motors Corp's Hummer brand, said on Sunday the deal should be concluded in the coming quarter.
Carmaker Saab said on Monday it was likely to unveil its new owner this week, and that three quarters of its creditors had agreed to a proposed writedown of the loss-making General Motors brand's debt.
Viacom Inc's Paramount Pictures could merge with Sony Pictures, Universal Studios or another movie studio amid a wave of consolidation in the industry over the next few months, veteran investor Mario Gabelli said in the latest issue of Barron's.
Six Flags Inc will not sell assets or reduce its workforce as a result of its Chapter 11 bankruptcy filing this weekend, the theme park operator's chief executive told CNBC on Monday.
The commercial aircraft chief of U.S. planemaker Boeing expects growth to return to the industry in the middle of next year, he told a news conference at the Paris Air Show on Monday. The recovery would be in both air freight and air traffic, though the big question remained the shape and scope of the upturn, Scott Carson said.
Gloomy aviation leaders gather for the Paris Air Show on Monday expecting only a handful of new business to bolster an industry mourning the Atlantic jet disaster, economic crisis and new concerns about swine flu.
Aircraft components maker Goodrich Corp said on Monday it signed service agreements with EADS unit Airbus, British Airways and Scandinavian Airlines System .
U.S. health-club operator Bally Total Fitness Holding Corp has reached a deal with its lenders on a restructuring plan to help it exit from bankruptcy.
Pfizer Inc is seeking acquisitions in the Middle East where the company expects to see double digit growth, a Pfizer executive said on Sunday, according to Bloomberg.
In a bid to revive the cancelled program to provide new helicopters for the White House, manufacturer Sikorsky told the Defense Department earlier this month that it was open to a partnership with rival Lockheed Martin Corp, according to the Wall Street Journal.
Activist investor Carl Icahn is considering making another attempt to take over bankrupt auto parts supplier Delphi Corp, the New York Post reported on Saturday.
(Corrects paragraph 2 to make clear the judge did not block sale to Platinum Equity, and paragraph 6 to show that General Motors is providing funding to Delphi, not the U.S. Treasury)
Six Flags, Inc filed for chapter 11 bankruptcy protection on Saturday seeking to reorganize and eliminate what it called an unsustainable $2.4 billion debt load from the previous management team.
A U.S. Federal court has sentenced Tyson Foods to pay a $500,000 criminal fine and serve one year of probation for violating worker safety violations that led to the death of one of its employees at a plant in Arkansas, the Justice Department announced today.
Six Flags, Inc., which runs 20 theme parks in the U.S., said Saturday it has filed for Chapter 11 bankruptcy in a bid re-emerge with $1.8 billion less debt, adding that day-to-day operations of its parks would not be affected.
Six Flags Inc , the world's largest regional theme park company, said on Saturday it filed for bankruptcy protection.
Deutsche Post will stop the evening flights of its domestic aircraft network that transport letters throughout the country and hopes to save 40-60 million euros annually as a result, a German weekly said.
Tiny carmaker Koenigsegg is ready to take over General Motor's loss-making Saab unit, and says it has numerous good solutions to help get the company back on its feet, its major shareholder told daily Dagbladet. A source familiar with the talks told Reuters this week that General Motors is close to selling its Saab unit to Koenigsegg, and that it was backed by Norwegian investors.
A majority of members in two families controlling Porsche back a deal for the Gulf state of Qatar to acquire a 25 percent stake in the German luxury carmaker, Der Spiegel magazine said.
The wave of bankruptcies that has eliminated dozens of U.S. retail chains could force landlords to rethink their traditional aversion to having small, independent retailers as tenants, a retail real estate expert said on Thursday.
Top Mexican broadcaster Televisa and its U.S. licensee Univision on Friday rested their cases in a lawsuit to determine if Televisa can transmit its TV shows to U.S. markets on the Internet.
Textron Inc's Cessna unit said it would cut another 1,300 jobs, underscoring the face of deteriorating demand for corporate aircraft and leaving the company with about half of its workforce remaining.
Boss too mean? Staff fond of slacking? It comes with the territory, says a new study that found personality traits have a big influence on your job.
Groups and politicians from around the nation expressed concerns as well as satisfaction after the Senate passed a bill to allow the Food and Drug Administration to regulate Tobacco.
Giant U.S. hog and pork producer Smithfield Foods Inc is widely expected to report losses for the quarter and fiscal year on Tuesday; its first yearly loss since 1975.
Virtually all dealers asked to do business with the new General Motors Corp after bankruptcy have agreed to do so, while the automaker will work through the weekend to weigh appeals from those that are being cut loose, the company's chief executive said on Friday.
The tobacco regulation bill won final approval from congress on Friday and is now waiting to be signed into law by president Obama.
The U.S. government’s agency for international trade will determine by June 18 if certain tire imports from China cause or are threatening to cause market disruption to domestic tire makers and will transmit its findings to President Obama and the U.S. trade representative the next day.
