Toshiba shares surge on imminent CEO resignation, bidding war expectations

TOKYO (Reuters) – Shares in Japan’s Toshiba Corp surged on Wednesday, propelled higher by reports of more plans of bids for the conglomerate and expectations that its embattled chief executive would soon resign.FILE PHOTO: Toshiba Corp CEO Nobuaki Kurumatani attends a news conference at the company’s headquarters in Tokyo, Japan

Pfizer to halt biosimilar output in China, sell assets to WuXi Biologics

FILE PHOTO: Pfizer logo seen outside their building in Manhattan, New York City, New York, U.S., March 2, 2021. REUTERS/Carlo AllegriBEIJING (Reuters) – Pfizer Inc has decided to stop producing biosimilar products in China and sell a unit in the eastern city of Hangzhou to WuXi Biologics Inc, the U.S.

Italy's Cerved in advanced talks to clinch debt collection arm deal: sources

MILAN (Reuters) – Italian credit group Cerved is in advanced talks with U.S. investment firm Centerbridge to clinch the long-awaited sale of its debt collection arm which is valued at about 400 million euros ($476.68 million), two sources told Reuters.FILE PHOTO: The new 100 euro banknote is seen in the

Hippo to go public in $5 billion merger with Mark Pincus, Reid Hoffman-backed SPAC

Slideshow ( 2 images )(Reuters) – Hippo Enterprises said it will go public through a merger with a blank-check firm, backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, in a deal that gives the merged entity a pro forma enterprise value of $5 billion. Founded in 2015, Palo

Covid 19 coronavirus: Woman kept in managed isolation after refusing Covid 19 test

An Australian woman who’s being kept in managed isolation for refusing to get a Covid-19 test says she just wants more information before agreeing. Lucinda Baulch has been at the Grand Mercure in Wellington for 25 days while she waits for scientific evidence of the PCR tests safety and effectiveness.

Nestle to sell N.American water brands for $4.3 billion, focus on premium lines

FILE PHOTO: A Nestle logo is pictured on a coffee factory in Orbe, Switzerland May 31, 2018. REUTERS/Denis Balibouse(Reuters) – Nestle said on Wednesday it would sell Pure Life and some other struggling North American water brands to two private equity firms for $4.3 billion, as the food giant doubles

Lanxess buys U.S.-based Emerald for enterprise value of $1.08 billion

FILE PHOTO: A logo of Lanxess is seen next to dark clouds at Cologne Bonn airport March 27, 2015. REUTERS/Wolfgang Rattay(Reuters) – German chemical company Lanxess on Saturday said it signed a deal to acquire U.S.-based specialty chemicals company Emerald Kalama Chemical for an enterprise value of about $1.08 billion.

Mediobanca's Cairn unit merges with bad loan manager Bybrook

FILE PHOTO: A logo of Mediobanca is pictured at Mediobanca headquarters in Milan, Italy, November 12, 2019. REUTERS/Flavio Lo Scalzo/ File PhotoMILAN (Reuters) – Italy’s Mediobanca said on Tuesday its Cairn Capital unit would acquire and merge with London-based distressed credit specialist Bybrook Capital as part of its strategy to

Exclusive-Playboy nears deal to buy sexual wellness chain Lovers – sources

FILE PHOTO: Lingerie is displayed in the new Playboy store in central London September 19, 2007. REUTERS/Alessia Pierdomenico(Reuters) – Playboy Enterprises Inc is nearing a deal to acquire the parent company of sexual wellness chain Lovers as it seeks to grow its lifestyle brand following the shuttering of its eponymous

Vaccination decline: One in 10 children miss out on disease protection

One in 10 children in some areas didn’t get vaccinated against dangerous diseases because their parents declined treatment. The Ministry of Health data provides insight before the historic Covid-19 vaccine rollout – and related information campaign starting this month -because it shows how many families declined to give their child