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At midday: TSX, Dow reverse course as oil pares losses

2016-04-18 18:29:37| Toys - Topix.net

Traders work on the floor of the New York Stock Exchange in New York, U.S., on Friday, April 15. Traders work on the floor of the New York Stock Exchange in New York, U.S., on Friday, April 15. Canada's main stock index made modest gains in early trade on Monday, with most sectors rising, including the heavyweight energy group, despite the failure of a weekend meeting of oil-producing countries to agree an output freeze. At 11:49 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index rose 66.46 points, or 0.49 per cent, to 13,703.665.

Tags: oil reverse losses dow

Zhone agrees reverse takeover with Dasan Networks

2016-04-13 08:14:00| Telecompaper Headlines

(Telecompaper) Zhone Technologies announced a definitive agreement to merge with Dasan Network Solutions, a subsidiary of Korea's Dasan Networks. Zhone will acquire Dasan Network Solutions and in exchange will issue shares to Dasan Networks representing 58 percent of the combined company. The new company will be called Dasan Zhone Solutions and will have two co-CEOs, one appointed by Dasan Networks and the other by Zhone. Zhone said the deal will lead to a bigger customer base and product portfolio, making it a leading provider of broadband access, mobile backhaul, Ethernet switching and passive optical LAN products.

Tags: networks reverse agrees takeover

MEPs ask Oettinger to reverse German broadband decision in angry letter

2016-04-09 23:47:00| Telecom - Topix.net

Thirteen German MEPs sent a blistering letter to EU Digital Commissioner Gunther Oettinger slamming the German telecoms authority's decision to allow the controversial vectoring technology on copper broadband networks. The Bundesnetzagentur, Germany's telecoms authority, notified the European Commission yesterday about its decision to allow the so-called vectoring technology exclusively on copper wires to speed up broadband internet connections .

Tags: german decision letter reverse

Alert: FTC Challenges 'No-AG' Agreement as Illegal Reverse Payment

2016-04-07 21:28:12| Biotech - Topix.net

On March 30 the US Federal Trade Commission filed suit in federal court alleging that settlements of patent litigation in the pharmaceutical industry in which a pioneer firm agrees not to market an "authorized generic" violate antitrust law. The FTC is seeking disgorgement of what it alleges are "ill-gotten gains" from Endo Pharmaceuticals, Inc. and a number of generic firms in the agency's second suit challenging patent litigation settlements since the Supreme Court's decision in FTC v.

Tags: agreement payment alert challenges