Linde To Sell Assets In The Americas To Messer Group, CVC Capital For $3.3 Bln

German gas and engineering company Linde AG (LDE.L,LNAGF.PK) said it has entered into an agreement to sell the majority of its gases business in North America and certain business activities in South America to a consortium comprising companies of German industrial gases manufacturer Messer Group and CVC Capital Partners Fund VII. The purchase price of $3.3 billion, or 2.8 billion […]

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GGP Reiterates Recommendation For Proposed Deal With BPY – Quick Facts

GGP Inc. (GGP) reiterated the recommendation of its Board, following the unanimous recommendation of the Special Committee of GGP’s Board, that the company’s stockholders vote for the merger proposal with Brookfield Property Partners L.P. The company also advised stockholders to vote in favor of: the charter proposals; the bylaws proposals; and the compensation proposal. GGP noted that, if the merger […]

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Valeant gets a new name to shed its scandals, but will it work?

Valeant Pharmaceuticals International Inc. is hoping that a new name will put a rocky few years and an accounting scandal behind it — again. The company begins trading under Bausch Health Companies Inc. BHC, -2.18% and a new ticker, BHC, on Monday. It will be the company’s second scandal-inspired name change in less than 10 years. In 2010, after the troubled […]

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Domestic tech security firms get priority in govt. purchases

IT Ministry flags tech security as ‘strategic sector’; IP registration not mandatory The Centre has mandated giving preference in all public procurement to locally produced cybersecurity products where intellectual property rights are owned by companies or start-ups incorporated in India. The Ministry of Electronics and Information Technology (MeitY) said in an order that it “hereby notifies that Cyber Security being […]

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Trade war, tariffs and inflation will be the big worries this earnings season

The second-quarter earnings season started in earnest on Friday with the first reports from big U.S. banksand investors are expecting the overall numbers to be strong. The FactSet blended year-over-year per-share earnings growth rate estimate for the S&P 500, which combines results for those companies that have reported (companies with a fiscal quarter that ended in May) with those still […]

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Netflix edges out HBO to nab more Emmy nominations than any other network

Netflix Inc. has broken HBO’s 17-year streak of leading TV networks in Emmy nominations. For the first time in Emmy history, Netflix NFLX, -4.28% led all other networks and platforms in award nominations. The streaming giant nabbed 112, compared to HBO’s 108. Last year, Netflix had 91 nominations, behind HBO’s 111. NBC came in third this year with 78, and FX […]

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FDA aims to alleviate drug shortages with new task force

The Food and Drug Administration is forming a new task force to focus on why the U.S. has so many drug shortages, and what solutions may be possible. Though the regulator has made progress in addressing shortages, “we must work to find new and creative ways to tackle the issue,” Commissioner Scott Gottlieb said Thursday. New drug shortages have declined […]

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Difficult to find 200 ‘quality’ engineers: Synopsys chief

Software major to add 10% staff on an average every year Synopsys India will hire about 200 more software professionals over the next couple of years in a process which will prove to be “difficult,” Aart de Geus, chairman and co-CEO of Mountain View, California-based Synopsys said. “We have now more than 2,500 people here,” Mr. De Geus said in […]

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