Devon to buy Ocean Energy for $5.3bn
Oklahoma: Devon Energy, in a deal that would create the US’ biggest independent oil and natural gas producer, on Monday said it agreed to buy Ocean Energy for $3.5bn in stock and $1.8bn in debt.
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Former women pill-packers plan to sue Glaxo
London: Three women who used to work for GlaxoSmithKline Plc plan to sue Europe's biggest drugmaker, claiming their health was damaged by exposure to ingredients while packing pills at one of its British factories.
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Record high price for new Roche AIDS drug
London: Switzerland's Roche Holding AG on Monday priced its new HIV drug Fuzeon at a record-breaking 18,980 euros ($20,570) a year, fueling controversy about the cost of AIDS treatments.
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Auto sales in China shoot up 78 per cent in January
Beijing: China has recorded a robust growth of 77.69 per cent in the automobile sector for the month of January, according to figures released by an industry association.
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Airline Swiss to ground 15 jets, cut 800 jobs - paper
Zurich: Swiss flag carrier Swiss International Air Lines plans to ground 15 aircraft and cut 800 jobs to cut costs and tackle plunging revenues in a market downturn, the SonntagsZeitung newspaper said on Sunday.
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U.S. FCC turmoil leaves some guessing on media rules
New York: The split at the Federal Communications Commission over deregulating the telephone industry has left some lobbyists scratching their heads over the impact on upcoming decisions to ease ownership and concentration limits in the media industry.
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