Dendreon Corporation has sold its immunotherapy manufacturing facility (IMF) in Morris Plains, New Jersey, US, to Novartis Pharmaceuticals for $43m. In early 2012, Dendreon had decided to bring down Provenge production at the facility as ...
Tags: Novartis, Dendreon immunotherapy, manufacturing facility, Medicine
Hewlett-Packard has no plans to launch a smartphone next year but will need to sell one eventually to avoid missing out on "a huge segment of the population," CEO Meg Whitman said Wednesday, clarifying remarks she made last month. Whitman ...
Tags: HP, Smartphone, CEO, Meg Whitman
Pfleiderer AG filed an insolvency plan with the Düsseldorf District Court on 3 August 2012. Drafted in recent months, the plan indicates that original capital measures will take effect after all with a number of changes. These measures ...
Tags: Pfleiderer AG, nsolvency, Düsseldorf, plan
Medical technology company MagForce is planning to raise approximately€33.5m as part of its restructuring plan to safeguard its long-term existence. Under the restructuring plan approved the company's Supervisory Board,MagForce's ...
Vitro announced yesterday it has initiated a process in a Mexican court aimed at recovering close to $1.6 billion USD in damages resulting from lawsuits which placed the company and 17 subsidiaries into involuntary bankruptcy, later ...
Tags: Vitro, Mexican glassmaker, glass, Construction
IDG News Service-Sony said Friday that its current round of job cuts will include workers in its struggling TV business and at its headquarters in Tokyo,and it will close a mobile phone and lens factory in central Japan. The job cuts,part ...
Tags: Sony, Cut Jobs, Phone, Headquarters, TV Group
HP has no plans to launch a smartphone next year but will need to sell one eventually to avoid missing out on “a huge segment of the population,” CEO Meg Whitman said Wednesday, clarifying remarks she made last month. Whitman ...
Tags: HP, hybrid, laptop, Meg Whitman, PC, smartphone
Applied Materials,the No.1 supplier of semiconductor manufacturing equipment,is to cut 900 to 1,300 jobs representing 6%-9%of its workforce via a voluntary retirement and other programmes. The cuts come in a weak year for semiconductor ...
Tags: Applied Materials, semiconductor, retirement, No.1
Elpida had filed for bankruptcy protection in February this year A US Court will review bankrupt Japanese chip maker Elpida Memory's planned patent deals. In July this year, US based semiconductor firm Micron Technology had agreed to ...
Tags: bankruptcy protection, Elpida, memory chip, mobile devices
US-based Dole Food has announced that it has received stockholder approval for the sale of its worldwide packaged foods and Asia fresh businesses to Japanese trading house Itochu for $1.685bn in cash. Currently, the deal has received ...
Tags: Dole Food, stockholder approval, packaged foods, food industry
Automaker Ford has reported a 56% rise in sales in China to 67,505 vehicles in November 2012, compared to the same period in 2011. Ford sells passenger cars in the country which include the imported Ford Edge, increased 74% to 51,602 ...
Tags: automaker, Ford, the split of joint venture
Indian Tata Steel announced that they will cut jobs across Britain as part of a restructuring plan. The company will cut 580 jobs at its Port Talbot plant in south Wales and 12 steel finishing and processing sites in England and Wales. ...
For its fiscal fourth-quarter 2012 (to end-August), LED chip and component maker SemiLEDs Corp of Hsinchu Science Park, Taiwan has reported revenue of $5.5m, up 3% on $5.3m a year ago but down 40% on $9.2m. last quarter. Revenue for ...
Tags: SemiLEDs, LED chip, LED component, LED projects, metal vertical photon LED
Australian confectionery firm Darrell Lea has been sold to Quinn family,which owns the Queensland-based VIP Petfoods. Darrell Lea,which operated company-owned stores and sold confectionery products to network of 1,200 licensed ...
Tags: petfoods, acquisition, distribution capabilities, financial details
Packaging papers manufacturer in Australia PaperlinX is set to implement restructuring and cost reduction initiatives in its businesses in the UK, in a bid to cater to the ongoing depressed trading conditions in Europe. The company will ...
Tags: Packaging, diversified range of products, depressed trading