Economic News Company News Section

Economic News Information
    Economic News Press Release
    • Rezidor announces the Radisson Blu Resort, Bukovel, Ukraine
    • The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces their first ski resort in Ukraine: The Radisson Blu Resort, Bukovel is scheduled to open in the winter season 2011/12 and adds 252 rooms to Rezidor’s solid pipeline.
    • April 08, 2011
    • Rezidor announces the Park Inn London Wembley
    • The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, adds a further Park Inn flagship to its UK-portfolio and announces the Park Inn London Wembley. The 235 rooms-property is scheduled to welcome the first guests in Q2 2012.
    • April 08, 2011
    • RWE Dea posts substantial increase in earnings
    • RWE Dea AG, Hamburg, is on a positive course: in fiscal 2010, the company boosted its earnings by 50 per cent. The operating result amounted to 305 million euros in the year 2010 (2009: 203 million euros).
    • April 07, 2011
    • Life Technologies - One in 1 Million No Longer a Long Shot
    • Life Technologies Corporation (NASDAQ: LIFE) announced the launch of its TaqMan Mutation Detection Assays - highly sensitive and novel molecular analysis research tools with the precision to detect a single mutant molecule hiding in a background of 1 million normal copies.
    • April 05, 2011
    • BASF Supply Chain Management wins award
    • Modern processes and harmonized operational structures contribute to long-term profitable growth. Focus on better service for customers, smoother processes and lower costs.
    • April 04, 2011
    • BASF Chongqing MDI project approved
    • BASF, the world’s leading chemical company, has received approval for a 400,000 metric tons per year MDI (diphenylmethane diisocyanate) project in Chongqing, China. The investment will total RMB 8 billion (approximately €860 million). The facility, which will produce a core component mainly used for polyurethane foams, is expected to start up by 2014.
    • March 25, 2011
    • BASF supports Japan disaster victims
    • The Board of Executive Directors of BASF SE has decided as a first step to contribute €500,000 to the Central Community Chest of Japan as immediate aid to victims of the earthquake and tsunami in Japan. This donation will be provided by the BASF Social Foundation.
    • March 21, 2011
    • Roche acquires PVT to strengthen laboratory automation in clinical diagnostics
    • Roche (SIX: RO, ROG; OTCQX: RHHBY) announced today the acquisition of PVT Probenverteiltechnik GmbH based in Waiblingen, Germany and of PVT Lab Systems, LLC based in Atlanta, Georgia, USA. PVT is a global market leader in providing customised automation and workflow solutions for in-vitro diagnostic (IVD) testing in large commercial and hospital laboratories.
    • March 16, 2011
    • Delcam’s PartMaker cuts programming and set-up times
    • Implant Direct, a leading manufacturer of dental implants based in Southern California, has slashed its programming and set-up times with Delcam’s PartMaker SwissCAM software for the programming of Swiss-type lathes.
    • March 02, 2011
    • Delcam’s Tom McCollough launches MCADCafe VideoNews
    • Delcam’s VP of Software Development, Tom McCollough, appeared in the first of a new series of video interviews on MCADCafe.com, a targeted web site addressing the information needs of mechanical engineers, designers, and manufacturers.
    • March 02, 2011
    • BASF proposes dividend of €2.20 per share
    • The Board of Executive Directors of BASF SE has decided to propose to the Annual Meeting on May 6, 2011 a dividend of €2.20 per share for 2010. The decision is subject to approval by the company’s Supervisory Board in its meeting on March 3, 2011.
    • February 28, 2011
    • Boards of HV Transmissions and HV Axles propose amalgamation
    • The Boards of HV Transmissions Limited (HVTL) and HV Axles Limited (HVAL) have decided to amalgamate HVTL into HVAL to harness synergies and graduate the two entities as a total driveline solutions provider, backed with appropriate skills and expertise.
    • February 15, 2011
    • Sanofi completes Genzyme review: report
    • Sanofi-Aventis (SASY.PA: Quote) has completed a review of the financial books and operations of takeover target Genzyme Corp (GENZ.O: Quote), but the two sides continue to discuss a final price for a potential deal, according to The Wall Street Journal.
    • February 15, 2011
    • Tata Motors bags order of 250 Tata Prima trucks from LINFOX
    • Tata Motors has won a prestigious order for supplying around 250 Tata Prima trucks to LINFOX Logistics, the largest privately owned Supply Chain Solutions Company in the Asia Pacific region with over 50 years of experience in this business. LINFOX will ply these trucks in India.
    • February 14, 2011
    • BASF starts operations at expanded Ecoflex plant
    • BASF has started operations at its expanded plant for the production of the biodegradable plastic Ecoflex®. Expansion of the existing plant in Ludwigshafen will increase production capacity for Ecoflex from 14,000 to 74,000 metric tons per year.
    • February 04, 2011
    • Change at the top for RWE IT
    • With effect from 1 February 2011, Michael Neff takes over as Chairman of the RWE IT Management Board and assumes the role of the CIO (Chief Information Officer) for the RWE Group. He succeeds Chittur S. Ramakrishnan who retired at the end of January 2011.
    • February 04, 2011
    • Rezidor opens the Radisson Blu Waterfront Hotel, Stockholm
    • The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, has opened their new flagship in Sweden: the Radisson Blu Waterfront Hotel, Stockholm with direct connection to the Stockholm Waterfront Congress Centre – one of Scandinavia’s largest facilities for meetings and events.
    • January 22, 2011
    • Abbott withdraws marketing authorization application for Ozespa
    • The European Medicines Agency said Monday it was notified by Abbott Laboratories Limited (ABT) of its decision to withdraw its application for a centralized marketing authorization for the medicine Ozespa, briakinumab, 100 mg solution for injection.
    • January 20, 2011
    • Winter coat for hot water tanks
    • Hot water tanks can benefit from the energy-efficient potential of BASF's versatile foam Basotect®. The melamine resin foam is increasingly being used as external insulation for tanks made of stainless steel holding up to 500 liters of water. A key factor for this application is the foam's low thermal conductivity of less than 0.035 W/(m*K) and the resulting excellent thermal insulation.
    • January 19, 2011
    • Acino’s hydromorphone gets approval in Germany
    • BASLE - Acino has received the marketing authorization for its hydromorphone product in Germany. The German BfArM (Federal Institute for Drugs and Medical Devices) has completed the review and has approved Acino’s oral capsule formulation of hydromorphone 2mg, 4mg, 8mg, 16mg and 24mg (original prod-uct: Palladon retard / SR from Mundipharma).
    • January 19, 2011
    • Changes to the Roche Corporate Executive Committee
    • BASEL - Erich Hunziker (born 1953), Chief Financial Officer, Chief Information Officer and Deputy Head of the Corporate Executive Committee has decided to retire from Roche at the end of March 2011 and plans to focus on a number of board memberships.
    • January 19, 2011
    • Delcam to show extended dental CADCAM range in Birmingham
    • Delcam will demonstrate the latest additions to its range of software and hardware for the design and manufacture of dental restorations at the Dentistry Show to be held at the NEC, Birmingham, on 4th and 5th March.
    • January 18, 2011
    • Technological breakthrough in cationic photoinitiators with Irgacure® 270
    • With Irgacure® 270, BASF made a technological breakthrough in the development of cationic photoinitiators for packaging inks. For the first time, Irgacure® 270 now makes it possible to combine fast UV curing with very low emissions. This new product is very versatile, and its applications include both UV-curable printing inks and clear overprint varnishes.
    • January 18, 2011
    • AIG ANNOUNCES SATISFACTION OF CONDITION TO ISSUANCE OF WARRANTS VIA DIVIDEND
    • American International Group, Inc. (NYSE: AIG) announced today that the condition to its previously announced dividend of approximately 75 million warrants has been satisfied. AIG also expects, assuming no material change in the relevant facts, circumstances and conditions, to close its previously announced recapitalization on January 14, 2011, although there can be no assurance in that regard.
    • January 13, 2011
    • Thermo Fisher Scientific announces HSR clearance to acquire Dionex
    • Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced the expiration of the mandatory, pre-merger waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), relating to its offer to acquire Dionex (NASDAQ: DNEX).
    • January 12, 2011
    • AFEP MEDEF recommendations
    • Following the publication of the AFEP-MEDEF Code of Corporate Governance for listed companies which includes recommendations on the conditions of executive compensation, Atos Origin, a leading IT services company, committed itself to implement these recommendations.
    • December 27, 2010
    • DNP, DOCOMO and CHI Group to Establish Hybrid Bookstore
    • Dai Nippon Printing Co., Ltd. (DNP), NTT DOCOMO, INC. and CHI Group Co., Ltd. (CHI) announced today an agreement to establish on December 21 a joint-venture firm named 2Dfacto, Inc. that will begin selling electronic books online from early January 2011.
    • December 27, 2010
    • DSM to manufacture “MS1819” lipase compound for Mayoly Spindler
    • DSM has successfully completed process development and commenced cGMP manufacture of the Mayoly Spindler lipase compound for pre-clinical and Phase I clinical needs. DSM BioSolutions manufactures the lipase compound at its microbial fermentation facility located in Capua, Italy. DSM’s Capua facility is uniquely equipped for the production of microbial fermentation derived biological compounds
    • December 25, 2010
    • Genzyme warms to talks
    • After months of playing hardball with Sanofi-Aventis SA, Genzyme Corp. is displaying a new willingness to talk about price and other issues that have held up a deal, people familiar with the matter said.
    • December 24, 2010
    • BASF adds tail gas treatment catalysts to its adsorbents solution portfolio
    • BASF’s Catalysts division has entered into an agreement with Haldor Topsøe A/S, Denmark, to market Haldor Topsøe’s line of tail gas treatment catalysts for sulfur recovery units. Tail gas treatment catalysts are used to remove sulfur compounds as the last stage of a Claus sulfur recovery unit in order to meet local emission standards.
    • December 22, 2010