Vivendi suffers record $26bn loss
Paris: Debt-Laden Vivendi Universal elbowed aside France Telecom with the country's biggest corporate loss on Thursday and confirmed it was in talks
to ditch US showbusiness assets from Hollywood to cable TV.
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EU approves Glaxo, Bayer plans for Viagra rival
London: Britain's GlaxoSmithKline and Germany's Bayer said that they had won EU approval to sell anti-impotence drug Levitra and would launch the rival to Pfizer's Viagra shortly.
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Merck licenses diabetes drugs to Sumitomo
Frankfurt: German drugmaker Merck said it would license anti-diabetes drugs Glucophage, Glucophage XR and Glucovance to Sumitomo Pharmaceuticals for the Japanese market.
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EU okays Glaxo-Bayer rival to Viagra
London: Viagra, the blue diamond-shaped pill that has transformed the treatment of impotence, will face a fresh challenge in Europe after regulators approved a new rival made by Britain's GlaxoSmithKline and Germany's Bayer AG on Friday.
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IBM sued for $1 bn over Unix
California: The SCO Group, the software company previously known as Caldera, on Friday said that it filed suit against IBM for at least $1 billion, alleging that IBM tried to destroy the value of the Unix operating system to benefit its Linux-based business.
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