Business News

  • Qatar in Talks for RWE's Dea Unit
    A Qatari state-owned fund has held initial talks to buy German utility RWE AG’s Dea oil-and-gas business, in a move that could lead to an expansion of the emirate’s holdings in Europe.
  • U.K. Recalls Drugs Made in India
    The U.K.’s medicines regulator said it was recalling 16 drugs made in India by Wockhardt after finding “manufacturing deficiencies” at one of the company’s factories in India.
  • Ballmer Solidifies Grip on Microsoft
    Microsoft unveiled a broad reorganization aiming to break down internal fiefs that have slowed product development. But what’s not clear: Who is Steve Ballmer’s No. 2?
  • Hugo Boss Says the Dynamic in China Is Changing
    Hugo Boss’s CEO, Claus-Dietrich Lahrs, says luxury-goods makers are feeling a slowdown in China in part because of the explosion of competition.
  • No Country for All Cable Cos.?
    Charter Communications’ CEO, Tom Rutledge, and Liberty Media’s John Malone are preaching the gospel of cable-industry consolidation. Executives of both companies have met with Time Warner Cable CEO Glenn Britt.
  • Verizon May Owe Apple for iPhones
    To cover a purchase commitment, the country’s largest wireless carrier must sell $23.5 billion worth of iPhones this year —the bulk of which likely involve Apple’s iPhone.
  • New Rules Slow Drug Trials in India
    Clinical trials by foreign pharmaceutical companies in India have slowed down due to new government rules that complicate testing for new drugs.
  • Saab Tests Remote Air-Traffic Towers
    Technology is being tested by Swedish aerospace company Saab that allows a single controller to operate as many as five distant airports, with the ability to, for example, switch on runway lighting and deliver crash alerts.
  • Mexican Brewers to Curb Exclusivity Contracts
    Mexico’s top brewers agreed to limit their exclusivity agreements with stores, bars and restaurants.

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