Apple is eyeing a clean up of its retail stores with the iPods going to the Accessories section, according to new reports. According to a report on 9to5mac, Apple will get getting…
Category: Business
Audi, Samsung, and LG join hands for powerful battery
Audi has inked a deal with LG Chem and Samsung SDI under which it will be developing a battery for its purely electrically powered sport utility vehicle with the two South Korean…
AstraZeneca inks yet another deal; boosts cancer drug portfolio
AstraZeneca is continuing with its acquisition and deals spree as it inks yet another license agreement and collaboration deal with Inovio Pharmaceuticals. The deal has been inked between AstraZeneca’s MedImmune and Inovio…
Sanofi inks deal with Evotec and Apeiron Biologics for immuno-oncology therapies
Sanofi has inked a deal with Evotec and Apeiron Biologics for carrying out research and development of first-in-class small molecule-based immuno-oncology therapies to treat solid and hematological cancers. The research collaboration and…
AstraZeneca inks two immuno-oncology deals for novel combination treatments
Just days after selling divesting Caprelsa in a $300 million deal, AstraZeneca has announced two back-to-back immuno-oncology deals with Mirati Therapeutics and Heptares Therapeutics in a bid to explore novel combination treatments….
AstraZeneca to divest Caprelsa; inks $300 million deal with Sanofi’s Genzyme
In a major divestment move AstraZeneca has decided to transfer the global rights to sell and develop Caprelsa to Genzyme – a deal that will see the former net $300 million. Caprelsa…
Allergan to acquire Naurex in $560 million deal
Allergan and Naurex have inked a definitive agreement under which the former will acquire the latter for a $560 million upfront payment net of cash acquired. Under the terms of the agreement,…
Microsoft reports biggest ever quarterly loss of $3.2 billion
Microsoft has reported its biggest ever quarterly loss of $3.2 billion (£2bn, €2.9bn) for the three months period ending June 30, which also includes the impact of the $7.5 billion (£4.8bn, €6.8bn)…
Tekmira suspends Ebola vaccine development; says will concentrate on HBV instead
Tekmira Pharmaceuticals Corporation has announced that it is suspending development of its Ebota vaccine and instead will channel all its resources in development of a cure for chronic hepatitis B virus infection….
Some supermarket promotions in UK are misleading, CMA confirms
The Competition and Markets Authority (CMA), UK has officially confirmed Which?’s stand on misleading supermarket promotions and has announced a series of measures to improve compliance, bring greater clarity to shoppers and…
Microsoft confirms fresh round of layoffs
Satya Nadella has confirmed in an email to Microsoft employees that the company is eyeing fresh round of layoffs in a bid to curb costs amid lackluster demand for some of the…
Microsoft Xbox Music is now ‘Groove’; Xbox Video rebranded to ‘Movies & TV’
Microsoft has rebranded its Xbox Music and Xbox Video service as ‘Groove’ and ‘Movies & TV’ respectively. In addition to the new name, Groove is also getting some new features, including redesigned…
EE lands £1 million fine over complaints handling failures
Ofcom has slapped Everything Everywhere (EE) with a whopping £1,000,000 fine for failing to comply with the regulatory body’s rules on handling customer complaints. The fine was imposed after Ofcom’s investigation into…
Jaguar Land Rover inks deal with Magna Steyr to build some vehicles in Austria
Jaguar Land Rover has signed a manufacturing deal with Magna Steyr, an operating unit of Magna International Inc, under which the latter will be building some future vehicles in Graz, Austria. JRL…
Microsoft sells a part of Bing Mapping technology to Uber
Online cab hailing service Uber is acquiring some of Microsoft’s map-generating technologies, in a bid to boost its own mapping service. This means that Microsoft will now just display maps on its…