Merck launches $17.4 billion cash bid for Schering
Frankfurt: Drug maker Merck has launched a euro14.6 billion ($17.4billion) cash bid for domestic rival Schering in the first big all-German move in the industry's consolidation.

Merck confirmed it was making an offer at e77 a share, a 15 per cent premium to Schering's share price on Friday. Schering said on Sunday it had been told of the offer but felt the price was too low.
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Samsung to invest $1.2 billion to upgrade memory chip lines
Seoul: The world's largest memory chip maker, Samsung Electronics said it would invest 1.13 trillion won ($1.15 billion) to expand and upgrade its memory chip lines.

The company also announced a 730 billion won investment to improve its line of dynamic random access memory (DRAM) and flash chips, along with a separate 398billion won investment to upgrade a DRAM production line. The money would be spent on the company's Kiheung and Hwasung memory plants.

Samsung said the investments were aimed at boosting capacity and improving profitability in the face of growing market demand.
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