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China fines British drug maker GlaxoSmithKline $492 million, jails executives in bribery case

2014-09-19 11:43:30| Biotech - Topix.net

A state news agency says a Chinese court has fined British drug maker GlaxoSmithKline $492 million and sentenced its British former country manager and others to prison for bribing doctors and hospitals to use its products. The Xinhua News Agency said the former country manager, Mark Reilly, and others were sentenced to two to four years in the case, which highlighted widespread payments to Chinese doctors by sellers of drugs and medical equipment.

Tags: case china million british

 

BAML Gets Morgan Stanley Deal Maker to Lead...

2014-09-16 11:47:39| Food - Topix.net

Alex To, chairman of China investment banking at Morgan Stanley, plans to leave the firm and take up his new role at Bank of America Merrill Lynch in the coming months. A spokesman for Morgan Stanley confirmed the departure.

Tags: lead deal morgan maker

 
 

This Hunt Valley iPhone case maker has to fit its products to Apple's secret specs

2014-09-15 18:20:49| Telecom - Topix.net

Every day is a gamble when part of your business revolves around a company with as many secrets as Apple Inc. That's the case for Ventev Mobile.

Tags: to products case fit

 

Microsoft buys Minecraft maker for USD 2.5 billion

2014-09-15 16:08:00| Telecompaper Headlines

(Telecompaper) Microsoft has agreed to buy Mojang, the Swedish maker of the popular 'Minecraft' video game, for USD 2.5 billion. The companies expect to complete the takeover by the end of this year. Microsoft said Minecraft will remain available on a wide range of platforms, including PC, iOS, Android, Xbox and Playstation. Players are expected to benefit from an improved user experience thanks to investments by Microsoft in cloud and mobile technologies for the game. 

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Nevada lawmakers consider $1.3 billion in tax breaks electric car maker

2014-09-12 04:04:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Nevada Governor Brian Sandoval signed a package of bills on Thursday to provide $1.3 billion in tax breaks and other incentives for Tesla Motors, putting a bow on the deal for the electric car company to build a massive factory in the state. Sandoval said the agreement has "changed the trajectory of our state forever" during the signing ceremony late on Thursday, shortly after the four bills were unanimously passed by both legislative chambers. "Nevada has announced to the world - not to the...

Tags: car tax electric billion

 

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