Economic News Company News Section

Economic News Information
    Economic News Press Release
    • Harris Corporation Will Participate in Upgrading U.S. Department of Veterans Affairs IT Systems
    • The U.S. Department of Veterans Affairs (VA) has selected Harris Corporation (NYSE:HRS), an international communications and information technology company, as one of eight companies in the large business category to participate in a five-year technology and telecommunications Indefinite Delivery/Indefinite Quality (IDIQ) contract designed to upgrade the department’s information technology (IT)
    • July 27, 2011
    • Deutsche Bahn on track for hydropower from RWE
    • RWE and Deutsche Bahn signed a long-term supply contract today for electricity from hydropower. Over 15 years, RWE will supply Deutsche Bahn with electricity generated by RWE Innogy's hydroelectric power plants in Germany. RWE Innogy is the RWE subsidiary for renewables.
    • July 26, 2011
    • New magnetic materials for efficient cooling
    • Utrecht (NL) / Ludwigshafen (D), July 25, 2011 – The Dutch foundation for Fundamental Research on Matter (FOM) and BASF start another joint research programme on magnetocaloric materials. This new class of materials may help to make today's cooling systems more efficient and more silent.
    • July 25, 2011
    • BASF to build world-scale production site for customer specific antioxidant blends in Middle East
    • Ludwigshafen , Germany – July 20, 2011 – BASF will significantly expand its presence in the Middle East region by building a state-of-the-art plant for customer specific antioxidant blends (CSB) in Bahrain. CSBs are key additives for the production of polymers for the plastics industry, especially for the Middle East region. Construction of the new facility will start in September 2011.
    • July 23, 2011
    • BASF launches new specialty monomer HPCA
    • BASF is launching the high-performance product hydroxypropyl carbamate acrylate (HPCA), a crosslinking acrylate monomer. The new specialty monomer shortens the processing time for the manufacture of carbamate based polymers.
    • July 19, 2011
    • Cambrex and Tillotts enter a development and commercialization agreement
    • Cambrex Corporation (NYSE: CBM, “Cambrex”) and Tillotts Pharma AG (“Tillotts”) are pleased to announce they have entered into a Development and Commercialization Agreement for a proprietary mesalamine-based (5-ASA) technology for use in the treatment of Inflammatory Bowel Disease (IBD).
    • July 07, 2011
    • AstraZeneca unit loses patent rights
    • An English judge has dealt a blow to AstraZeneca by overruling the patent rights of MedImmune, its subsidiary, to a screening technique used in drugs including Roche’s blockbuster eye treatment drug ranibizumab.
    • July 07, 2011
    • Tata Nano launched in Nepal
    • Tata Motors today launched the Tata Nano in Nepal. The car will be on sale across Nepal through the company's distributor, Sipradi Trading Pvt. Ltd., at 14 Sipradi owned & Sipradi authorised dealer showrooms.
    • June 29, 2011
    • Statement from Tata Motors on West Bengal Government steps on Singur
    • Tata Motors had today reiterated in the Calcutta High Court, its appeal made on June 24 to the Advocate General of West Bengal, that the government should not proceed with any action on the Singur plot in view of the ongoing hearing on the company's petition on The Singur Land Rehabilitation & Development Act 2011.
    • June 29, 2011
    • Statement from Tata Motors on West Bengal Bill on Singur
    • Tata Motors has learnt of the Bill, tabled by the West Bengal Government in the State Assembly today, on the plot leased by the West Bengal Industrial Development Corporation (WBIDC) to Tata Motors and its vendors.
    • June 15, 2011
    • Mobile hotspot available from Swisscom
    • The Unlimited Hotspot is now available from Swisscom. This handy modem allows up to five WLAN-enabled handsets to access the Internet at the same time.
    • June 13, 2011
    • Securing and managing company smartphones with Swisscom
    • Together with its partner MobileIron, Swisscom offers an enhanced solution for centralised management of company smartphones. A remote management system now enables direct access to the devices. This provides extra security as the devices are thereby protected from misuse, are locked in the event of loss and the data can be deleted.
    • June 08, 2011
    • Tata Motors May sales at 62,296 nos.
    • Tata Motors' total sales (including exports) of Tata commercial and passenger vehicles in May 2011 were 62,296 vehicles, a growth of 10% over 56,775 vehicles sold in May 2010. The company's domestic sales of Tata commercial and passenger vehicles for May 2011 were 56,762 nos., an 8% growth over 52,799 nos. sold in May last year.
    • June 02, 2011
    • 500,000 customers watch Swisscom TV
    • Just four and a half years after it entered the television business, Swisscom has already signed up its 500,000th TV customer.
    • June 02, 2011
    • BASF at Techtextil 2011
    • From May 24 to May 26, BASF will present new products and customer-orientated applications at Techtextil 2011 in Frankfurt, the leading international trade fair for technical textiles and nonwovens.
    • May 25, 2011
    • First natural fiber monobloc chair
    • The acclaimed designer Werner Aisslinger and BASF will be showcasing the world’s first monobloc chair made of natural fibers at the Material Vision 2011, the trade exhibition on materials for product development, design and architecture.
    • May 25, 2011
    • BASF increases prices for carbonyl chloride derivatives in Europe
    • With immediate effect or as contracts allow, BASF is increasing the sales prices for carbonyl chloride derivatives (CCDs) in Europe by 10 to 20 per cent depending on the specific product. The price increase is necessary due to the increased production costs.
    • May 23, 2011
    • RWE collaborates with Russian partners on energy research
    • RWE will be cooperating in the area of research and development with the Russian Kurchatov Institute and Skolkovo Foundation. The three partners confirmed the arrangement in Berlin today by signing a declaration of intent to collaborate with one another on innovative, pro-climate energy generation and utilisation.
    • May 13, 2011
    • Huntsman & Wilmar to Build Natural Alcohol Plant on Huntsman Site in Rotterdam
    • Huntsman Corporation (NYSE: HUN) and Wilmar International Limited (SGX: WIL) announced a Memorandum of Understanding between their respective subsidiaries for Wilmar to build a state-of-the-art natural alcohol plant at Huntsman's chemical site in Rozenburg (Rotterdam, The Netherlands), and to supply natural alcohols to Huntsman.
    • May 10, 2011
    • Powerful start to 2011: BASF remains on growth track
    • BASF has had a powerful start to 2011. Capacity utilization rates in the company’s plants were good; in particular, demand in the chemicals business (Chemicals, Plastics, Performance Products, Functional Solutions) increased compared with the same quarter of the previous year.
    • May 07, 2011
    • DSM completes sale of DSM Elastomers to LANXESS
    • Royal DSM, the global Life Sciences and Materials Sciences company, today announces that it has completed the sale of DSM Elastomers to LANXESS for € 310 million on a cash and debt-free basis.
    • May 04, 2011
    • Actelion Statement on Letter by one of its Shareholders
    • Actelion (SIX: ATLN) announced that it has taken note of a letter in which one of its major shareholders criticizes the handling of - among others - disclosure and other reporting requirements in relation to ongoing litigation in the United States. Respectfully, the company believes that hese criticisms have no factual basis.
    • May 03, 2011
    • Novell Completes Merger with Attachmate and Patent Sale to CPTN Holdings LLC
    • Novell, Inc. (NASDAQ: NOVL), the leader in intelligent workload management, today announced that it has completed its previously announced merger, whereby Attachmate Corporation acquired Novell for $6.10 per share in cash. Novell is now a wholly owned subsidiary of The Attachmate Group, the parent company of Attachmate Corporation.
    • April 28, 2011
    • Swisscom launches fibre-optic subscriptions for SMEs
    • Small and medium-sized enterprises (SMEs) can now also enjoy fast fibre-optic access: fibre-optic subscriptions tailored specifically to their requirements offer speeds of up to 50 Mbps for downloads and 5 Mbps for sending data.
    • April 28, 2011
    • Agilent collaborating to Advance Research in Biological Engineering
    • An alliance of top researchers at the University of California, Berkeley, has formed the UC Berkeley Synthetic Biology Institute (SBI), advancing efforts to engineer cells and biological systems in ways that promise to transform technology in health and medicine, energy, the environment, new materials, and a host of other critical arenas.
    • April 28, 2011
    • Kurt Ritter continues as Rezidor’s President & CEO until 2015
    • The Board of Directors of The Rezidor Hotel Group has decided to extend Kurt Ritter’s employment agreement past its current expiration date of February 2012 for a period of three years. The terms of his employment agreement remain otherwise materially unchanged.
    • April 18, 2011