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Kering files second Alibaba counterfeit lawsuit

2015-05-19 18:06:29| Daily apparel & textile news and comment - from just-style.com

Luxury goods giant Kering has filed a second lawsuit against web sales giant Alibaba over what it claims are sales of counterfeit goods on the Chinese firm's websites.

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Alnylam files clinical trial application for alpha-1 liver disease, presents data at DDW

2015-05-19 09:30:24| Biotech - Topix.net

Alnylam Pharmaceuticals, Inc. has announced that it has filed a Clinical Trial Application with the U.K. Medicines and Healthcare products Regulatory Agency to initiate a Phase 1/2 clinical trial with ALN-AAT, a subcutaneously administered investigational RNAi therapeutic targeting alpha-1 antitrypsin for the treatment of AAT deficiency-associated liver disease . As per the CTA filing, the intended clinical study of ALN-AAT will be performed in normal healthy volunteers, and, then, in subjects with alpha-1 liver disease.

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BT files for competition approval of EE takeover

2015-05-18 19:52:00| Telecompaper Headlines

(Telecompaper) BT said it made its formal application to the UK's Competition and Markets Authority for approval of the proposed acquisition of EE from Orange and Deutsche Telekom. BT said the acquisition "will be good for competition, investment and innovation in the UK - and that consumers and businesses will benefit as a result". BT agreed in February to buy the UK's largest mobile operator for GBP 12.5 billion. Its re-entry on the mobile market is expected to support a new quad-play offering and strengthen its position among customers on the broadband and TV markets, allowing it to better compete with rivals Sky, Virgin Media and TalkTalk. While the acquisition will not change the number of mobile operators in the UK, regulatory approval may take longer than hoped due to the other pending acquisition in the UK market, of O2 UK by Hutchison Whampoa, owner of 3 UK. In addition, some industry players have raised concerns that BT's dominant position in the wholesale and retail broadband markets may be extended to impact the MVNOs on EE's network. BT said the ability of its landline and mobile rivals to compete with BT using its arms-length Openreach network will be unaffected by the acquisition. Furthermore its market shares in the broadband and mobile markets remain under the threshold that regulators normally look for before considering whether action is required. BT has asked the CMA to proceed directly to a phase 2 investigation into the proposed acquisition in order to speed up the process. The CMA confirmed the request, which would significantly shorten the usual 40-day phase 1 investigation. The regulator will confirm within about three weeks whether it will move directly to a Phase 2 inquiry. In the meantime, it opened a page on its website for industry comments on the proposed acquisition. BT reiterated its expectation that the regulatory process and the EE transaction should be completed by the end of March 2016. 

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Oracle Mining Files First Quarter Financial Results

2015-05-17 23:18:27| Chemicals - Topix.net

Oracle Mining Corp. announces its financial results for the quarter ended March 31, 2015. This news release should be read in conjunction with the unaudited condensed consolidated financial statements and notes thereto for the three months ended March 31, 2015 and 2014, and the related management's discussion & analysis , both available on SEDAR at www.sedar.com .

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Former American Apparel CEO files defamation suit over letter to employees

2015-05-14 01:02:11| Apparel - Topix.net

In this Dec. 11, 2003 file photo, Dov Charney, senior partner of American Apparel, speaks at a rally at Los Angeles' downtown Plaza. American Apparel is facing a defamation lawsuit filed by Dov Charney, a Montreal-born entrepreneur who founded the retail chain and helmed it until he was fired last year amid sexual misconduct allegations.

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