Seattle Genetics, a clinical-stage biotechnology company, has expanded its antibody-drug conjugate (ADC) collaboration agreement with Genentech, a member of the Roche Group.
TRW Automotive Holdings will start production of Electric Power Steering (EPS) from its facilities in Anting, China in support of the company's expanding Asia Pacific customer base.
Media company Pearson is planning to acquire America’s Choice, a provider of school improvement services, for $80m in cash. The agreement is subject to a Hart-Scott-Rodino review and is expected to close in the third quarter of 2010.
BP has agreed to sell its oil and gas exploration, production and transportation business in Colombia to a consortium of Ecopetrol, Colombia's national oil company (51 percent), and Talisman of Canada (49 percent).
GE and Intel Corporation have signed a definitive agreement to form a 50/50 joint venture to create a new healthcare company focused on tele-health and independent living. Financial terms were not disclosed.
Soot from the burning of fossil fuels and solid biofuels contributes far more to global warming than has been thought, according to a new Stanford University study.
Deutsche Post DHL has reported a revenue of E12.79 billion for the fiscal second quarter of 2010, an increase of 15.6 percent compared to E11.07 billion for the same period in 2009.
FleetPride, an aftermarket distributor of heavy-duty truck and trailer parts, has acquired the assets of Heavy Vehicle Parts. The acquisition includes a 16,000 square foot facility in Odessa, Texas and an 11,250 square foot facility in Midland, Texas.
Atlas Pipeline Partners, an independent natural gas producer, has reported a net income of $0.65m for the second quarter ended June 30 2010, compared to $133.39m for the same period in 2009.
The US FDA has approved Merz Pharmaceuticals' Xeomin, a botulinum toxin type A for the treatment of adults with cervical dystonia or blepharospasm.
IT services provider Accenture has won a contract from the Singapore Ministry of Health to implement the National Electronic Health Record (NEHR) system.
Nestle has completed the acquisition of Vitaflo, a provider of clinical nutritional products. This strategic transaction allows Nestle to enter the fast-growing global market for clinical nutrition products tailor-made for people with inherited metabolic disorders.
United Business Media has acquired the Shanghai Children-Baby-Maternity Products Expo (CBME) and related businesses on behalf of its UBM Asia division for up to $16.1m.
Financial services company BNY Mellon has completed its acquisition of BHF Asset Servicing from BHF-BANK Aktiengesellschaft and Sal. Oppenheim jr. & Cie. S.C.A.
Almac, a provider of integrated drug development services, has launched Biomarkers for biopharma, a range of solutions specifically designed to meet the needs of the biopharma industry.
Education and information company Pearson has completed the sale of its 61 percent stake in Interactive Data to investment funds managed by Silver Lake and Warburg Pincus. The terms of the transaction are in line with the agreement.
The Enterprise Mobility Solutions business of Motorola has formed an alliance with Intrado, a subsidiary of West Corporation, to deliver next-generation 9-1-1 (NG9-1-1) text messaging enabled products and services.
Takeda Pharmaceutical Company has appointed a senior vice president responsible for ex-Japan Asia commercial activities to further strengthen its international operations.
Package delivery company UPS has opened a large, modern package sorting and delivery facility in Portland, doubling the capacity of its older building. The new $86m facility, including parking and trailer staging areas, spans 46 acres.
Ashok Leyland has reached an agreement with UK-based bus manufacturer Optare to subscribe for a 26 percent stake as a part of long-term strategic cooperation. The investment is estimated at about $7.5m.
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