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Zee Business: World Economy News

https://www.zeebiz.com/world-economy.xml 👁 6058

Merck KGaA goes hostile in $5.9 billion Versum takeover battle


German pharma group Merck KGaA launched a hostile $5.9 billion all-cash takeover offer for Versum Materials on Tuesday to boost its presence in the semiconductor materials market and sideline a rival bidder.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/merck-kgaa-goes-hostile-in-59-billion-versum-takeover-battle-91777

Tesla's Elon Musk, SEC to face off in U.S. court on April 4


Lawyers for Elon Musk and the U.S. Securities and Exchange Commission will square off in a Manhattan courtroom next week over whether the Tesla Inc chief executive should be held in contempt over one of his tweets.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/teslas-elon-musk-sec-to-face-off-in-us-court-on-april-4-91776

Purdue Pharma agrees to $270 million settlement in Oklahoma opioid case


OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company reached a $270 million settlement to resolve a lawsuit brought by the state of Oklahoma accusing the drugmaker of fuelling an opioid abuse epidemic.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/purdue-pharma-agrees-to-270-million-settlement-in-oklahoma-opioid-case-91775

Oil rises 2 percent as tightening supplies take focus


Oil rose nearly 2 percent on Tuesday as attention centred on geopolitical factors tightening supplies that are leading to falling exports from Venezuela and declining U.S. inventories.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/oil-rises-2-percent-as-tightening-supplies-take-focus-91774

U.S. trade judge recommends sales ban on some Apple iPhones


A U.S. trade judge on Tuesday recommended Qualcomm Inc win a sales ban on some Apple Inc iPhone models containing chips made by Intel Corp in one of two patent disputes before the International Trade Commission.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/us-trade-judge-recommends-sales-ban-on-some-apple-iphones-91773

General Electric in $49 million settlement over Petters fraud


General Electric Co on Tuesday reached a $49 million settlement to end a long-running lawsuit over its relationship with Thomas Petters, the Minnesota businessman serving a 50-year prison term for running a multibillion-dollar Ponzi scheme.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/general-electric-in-49-million-settlement-over-petters-fraud-91772

OxyContin maker Purdue reaches $270 million settlement in Oklahoma opioid case


OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company reached a $270 million settlement to resolve a lawsuit brought by the state of Oklahoma accusing the drugmaker of fuelling an opioid abuse epidemic.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/oxycontin-maker-purdue-reaches-270-million-settlement-in-oklahoma-opioid-case-91770

Toyota sees slower sales growth in South America, Caribbean in 2019 - exec


Toyota Motor Co expects its sales in South America and the Caribbean to rise 0.9 percent in 2019 compared with last year, Celso Simomura, vice president of Toyota`s Brazil operation, said on Tuesday.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/toyota-sees-slower-sales-growth-in-south-america-caribbean-in-2019-exec-91768

Lufthansa plans to buy either Boeing 737 MAX or Airbus A320neo


Deutsche Lufthansa AG plans to buy a triple-digit number of either Boeing 737 MAX or Airbus A320neo jetliners to expand its fleet, Chief Executive Carsten Spohr said on Tuesday.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/lufthansa-plans-to-buy-either-boeing-737-max-or-airbus-a320neo-91767

Swedbank report spotted anti-money-laundering breaches - Swedish TV


An internal Swedbank report identified major breaches of anti-money laundering obligations involving its business in Estonia, Swedish public broadcaster SVT said on Tuesday after having seen a copy of the document.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/swedbank-report-spotted-anti-money-laundering-breaches-swedish-tv-91765

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