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(Reuters) – Britain’s AstraZeneca on Monday rejected a sweetened and “final” offer from Pfizer, undermining the U.S. drugmaker’s plan for a merger to create the world’s biggest pharmaceuticals group. The rebuff came nine hours after Pfizer said on Sunday it had raised its takeover offer to 55 pounds a share, or around 70 billion pounds ($118 billion) in total, and would walk away if AstraZeneca did not accept it. The rejection left some major shareholders fuming as […]
(Reuters) – AT&T Inc plans to pay $48.5 billion to buy DirecTV, in the latest sign that the wireless industry and the U.S. television market are set to converge as customers consume more video on their mobile devices. The deal, announced on Sunday, highlights AT&T’s pressing need for fresh avenues of growth beyond the maturing U.S. cellular business, which has become increasingly competitive. The combination with DirecTV, the No.1 U.S. satellite TV provider with 20 million customers, would […]
Bosnian Serb military chief Ratko Mladic has called his first witness in his defense at the UN court in the Hague. He faces 11 charges, including genocide, during the 1992-95 Bosnian war. A summary of the testimony from the witness, Mile Sladoje, a former assistant commander of a Serb battalion in Sarajevo, was read by one of Mladic’s lawyers at the hearing. He said he was never ordered to fire on civilians in the besieged […]
(Reuters) – The Kremlin announced on Monday President Vladimir Putin had ordered Russian forces near Ukraine back to their bases, but NATO and the United States said they saw no sign of a pullback and Moscow had failed to carry out such promises before. Moscow has massed tens of thousands of troops near the border regions where pro-Russian separatists have declared independent states, and Kiev and its Western allies fear they could be used to invade in […]
(Reuters) – Thailand’s acting prime minister on Monday ruled out resigning as a way out of a protracted political crisis that is stunting economic growth, as anti-government protesters stepped up pressure to remove him and install a new administration. Thailand is stuck in political limbo following the dismissal of Prime Minister Yingluck Shinawatra and nine of her ministers on May 7 after a court found them guilty of abuse of power. Six months of turmoil that […]
(Reuters) – A U.S. grand jury has indicted five Chinese individuals with cyber espionage charges for allegedly targeting six American companies and stealing trade secrets, the U.S. Justice Department said, publicly accusing China of cyber spying for the first time. The hackers targeted U.S. companies in the nuclear power, metals and solar products industries to steal information useful to competitors in China, the department said on Monday. The companies targeted include Alcoa Inc, United States Steel Corp, Allegheny […]
(Reuters) — China on Monday (May 19) raised its travel alert for Vietnam and said it has already suspended some joint projects with the country. China reported it had evacuated about 4,000 people from its southern neighbour, after a flare-up over disputed sovereignty in the South China Sea sparked rare and deadly rioting in Vietnamlast week. “China has raised the travel alert to Vietnam to ‘temporarily unsuitable for travelling.’ At the same time, due to the current situation, China has no choice but to suspend some Chinese-Vietnam joint projects. […]
MANILA, Philippines — The National Grid Corporation of the Philippines placed the Visayas region on “red alert” because of the insufficient power reserve brought about by the shutdown of three major power plants in the region. Energy Secretary Jericho Petilla said the shutdown of three major power plants had created a power supply deficiency of 71 megawatts. The power plants that had shut down are Cebu Energy Corporation’s Cebu facility, Panay Energy Development Corporation’s Iloilo […]
Senator JV Ejercito is considering filing charges after Napoles’ lawyer admitted that Ejercito is not supposed to be included in the “Napo-list”, saying that he appreciates the admission of the error but further added that the damage has been done.
The planned hearing of the Senate Blue Ribbon Committee on the alleged Malampaya fund anomaly is not pushing through this week.
The Philippine Air Force has provided an aircraft for cloud-seeding operations.
The South Korean president apologizes for the MV Sewol incident and has vowed to disband the country’s Coast Guard.
