Recent Posts

Royal Philips falls under FDA probe over heart defibrillators

  Bloomberg Royal Philips NV’s health-equipment business in the US has come under scrutiny after the Dutch company disclosed a conflict with authorities over its heart defibrillators more than three years after the Food and Drug Administration warned about their reliability following a recall. Philips is in talks with the Department of Justice, representing the FDA, on a civil matter ...

Read More »

DuPont delays expected closing of merger with Dow Chemical

  Bloomberg DuPont Co. said it may need an additional three months to close its merger with Dow Chemical Co. as regulators around the world scrutinize a deal that would combine the two biggest US chemical makers. The updated timetable represents a change from the previous expectation that the transaction would be finalized in the first quarter of 2017. “We ...

Read More »

Euro area starts 2017 on strong note as price pressures build

  Bloomberg The euro-area economy expanded at a robust pace at the start of the year as inflation pressures increased, according to IHS Markit. A Purchasing Managers’ Index signaled quarterly growth of 0.4 percent, with broad-based expansion in both manufacturing and services, the London-based company said in a statement on Tuesday. Although the gauge slipped to 54.3 in January from ...

Read More »
Send this to a friend