Industrial and manufacturing
Dava Pharmaceuticals Pays $11 Million to Settle False Claims Act Allegations
The company underpaid drug rebates to Medicaid and overcharged certain public health service entities for some of its products.
Categories: Industrial and manufacturing
Nissan Recalls 39,000 Vehicles in U.S. and Canada
'Due to interference between the shift rod and the shift knob, the vehicle may be shifted out of the park position without depressing the brake pedal,' Nissan said in a letter to safety regulators.
Categories: Industrial and manufacturing
Boosted by Airbus Orders, Rolls-Royce Profits Soar in 2011
'We continue to benefit from a broad portfolio, a large and growing customer base and access to markets where demand remains strong for our products and services.'
Categories: Industrial and manufacturing
Ford's CFO and Product Development Head to Retire, but Mulally Staying Put
CFO Lewis Booth, 63, and product development chief Derrick Kuzak, 60, have been among Mulally's key lieutenants in Ford's transformation.
Categories: Industrial and manufacturing
Intel to Pay $6.5 Million, Ending Antitrust Suit
Intel said the agreement terminating the suit filed in 2009 'expressly states that Intel does not admit either any violation of law or that the allegations in the complaint are true.'
Categories: Industrial and manufacturing
Timken's Tale of Manufacturing Reinvention
Thanks to a diversified product portfolio and aggressive investment in emerging markets, the century-old manufacturer of tapered roller bearings is on a roll.
Categories: Industrial and manufacturing
Shale Production to Push Natural Gas Inventories to 29-Year High
Categories: Industrial and manufacturing
No More Brownie: Kodak Gives Up Making Cameras
Phasing out its cameras arm will save Kodak more than $100 million in operating costs, the company said.
Categories: Industrial and manufacturing
Rothschild loses Mail libel case
Nat Rothschild has lost a libel lawsuit against the publishers of the Daily Mail as a High Court judge found he ‘had not been entirely candid’ about the purpose of a visit to a Siberian aluminium smelter
Categories: Industrial and manufacturing
Weir joins race to buy Ludowici
Pumps manufacturer makes a £200m takeover offer for the Australian mining equipment supplier, to compete with a proposal from FLSmidth
Categories: Industrial and manufacturing
BioMolded Products Opens Medical Consumables Manufacturing Facility in California
Plant will specialize in medical-grade blow molded plastic parts for the biopharmaceutical and life science industries.
Categories: Industrial and manufacturing
Toulouse to be EADS ‘centre of gravity’
Tom Enders, the incoming chief executive, is planning to relocate the headquarters of the aerospace manufacturer from Paris and Munich
Categories: Industrial and manufacturing
Weir seeks to snap up Australian mining firm
Weir Group continued its shopping spree on Friday as the maker of pumps and valves made a £200m tilt at an Australian mining equipment business.
Categories: Industrial and manufacturing
Can I protect my business in divorce case?
Starting point for division of assets is equality, but your respective needs and contributions can often vary this
Categories: Industrial and manufacturing
Illinois rebuts Caterpillar over relocation plan
The company claimed it would have moved jobs from Japan to the state were it not for a recent increase in the corporate tax rate and its deep financial woes
Categories: Industrial and manufacturing
De Beers uncertain after bumper 2011
The diamond miner’s CEO says the eurozone crisis is weighing on the industry but China and India will a resumption of robust growth
Categories: Industrial and manufacturing
Nearly Half of Manufacturing CEOs Say Taxes Drive Site-Location Decisions
Categories: Industrial and manufacturing
Reckitt’s Kapoor proves his worth
A year since he replaced Bart Becht at the helm, Rakesh Kapoor released his new emerging markets-focused strategy
Categories: Industrial and manufacturing
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more