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Effort fails to block PG&E's $115 million tax break on San Bruno gas explosion fine

2015-09-05 13:49:19| Energy - Topix.net

An effort to block Pacific Gas and Electric Co. from getting a tax break on the $1.6 billion it was fined for the deadly 2010 San Bruno gas explosion has fallen short.

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General Mills Selling Green Giant Brand to B&G Foods for $765 Million

2015-09-05 12:54:23| Food - Topix.net

General Mills has announced plans to sell its vegetable brands Green Giant and Le Sueur to B&G Foods for $765 million, reports USA Today . The all-cash transaction will enable General Mills to place more emphasis on growing its business in other brands, categories, and geographic areas with the most profit potential.

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Intel to invest $50 million in quantum computer research

2015-09-04 13:30:07| Extremetech

Intel has announced that it intends to pump more than $50 million into quantum computing research, in partnership with TU Delft, the Netherlands largest technical university.

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Wynn Resorts offers to pay $15 million to cut ties with NV Energy

2015-09-04 04:01:01| Semiconductors - Topix.net

A view of Wynn Las Vegas and Encore taken from a Maverick Helicopter on Wednesday, Jan. 16, 2013, above the Las Vegas Strip. Wynn Resorts is willing to pay $15 million to end its business relationship with NV Energy, according to filings on Tuesday with the Public Utilities Commission of Nevada.

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Sanofi's Genzyme pays $32.59 million in criminal Seprafilm case

2015-09-04 02:43:14| Biotech - Topix.net

Genzyme Corp agreed to pay $32.59 million, admit wrongdoing and enter a deferred prosecution agreement to resolve U.S. criminal charges over its marketing of the surgical implant Seprafilm, the Department of Justice said on Thursday. ) was accused of two misdemeanor counts of violating the federal Food, Drug and Cosmetic Act from 2005 to 2010 by allowing Seprafilm to be adulterated and misbranded while being sold.

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