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Exor launches $6.4 billion offer to buy PartnerRe
2015-04-14 21:05:25| Automakers - Topix.net
Italy's Exor SpA Tuesday offered $6.4 billion in cash to buy PartnerRe Ltd., in an unexpected move that attempts to scuttle a previously announced deal and could set off a bidding war for the reinsurer.
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Prescription drug spending jumps 13% to record $374 billion in 2014
2015-04-14 16:04:59| Biotech - Topix.net
A 12-week treatment of Gilead Sciences' breakthrough hepatitis C drug Sovaldi, above, could cost more than $80,000 per patient. A 12-week treatment of Gilead Sciences' breakthrough hepatitis C drug Sovaldi, above, could cost more than $80,000 per patient.
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drug
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spending
Toyota to invest $1 billion for new Mexico plant, create 2,400 jobs-source
2015-04-14 07:21:22| Automakers - Topix.net
Toyota Motor Corp will spend $1 billion to build a car factory in the central Mexican state of Guanajuato, with plans to announce the investment on Wednesday, two sources with direct knowledge of the matter said. The 200,000-cars-a-year factory will create about 2,400 direct jobs, one of the people told Reuters, declining to be identified because the plan is not yet public.
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mexico
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Business as Usual: Blackstone Buys $25 Billion in Real Estate Assets in One Day
2015-04-13 15:47:00| National Real Estate Investor
The Blackstone Group continues to gobble up real estate assets as though they were candy, with the firms latest deals carrying a swoon-worthy price tag of $25 billion. read more
China's Tencent hits $200 billion market cap for first time
2015-04-13 15:34:36| IT Services - Topix.net
China's Tencent Holdings Ltd for the first time hit a market cap of more than $200 billion on Monday, making it more valuable than U.S. tech firms like Amazon.com Inc, IBM Corp and Oracle Corp. The country's biggest social networking and online entertainment firm rose 5.38 percent to close at HK$170.50 in trading in Hong Kong, giving it a market valuation of $206 billion. This is higher than Oracle's $190 billion, Amazon's $178 billion and IBM's $161 billion.
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