VALEANT IN DEAL TO BUY PROSTATE-CANCER DRUG PROVENGE FROM DENDREON
Valeant Pharmaceuticals International Inc. said late Thursday it
has reached a tentative deal to buy the prostate-cancer drug
Provenge and other assets from Dendreon Corp. for $296 million in
cash. (published 0339 GMT)
MANITOWOC TO SPLIT CRANE, FOOD-EQUIPMENT ARMS -- 4TH UPDATE
Manitowoc Co. said Thursday it will split into two separate
companies, spinning off its food-equipment business early next year
from construction cranes as it faces increasing pressure from
investors and tough business conditions. (published 0445 GMT)
TIMES PROPERTY HOLDINGS ACQUIRES LAND IN GUANGZHOU CITY FOR CNY1.33 BLN
Times Property Holdings Ltd. said Friday it has acquired two
land parcels in Guangzhou, southern China, in a public auction for
1.33 billion yuan . (published 0433 GMT)
MALAYSIAN TYCOON KRISHNAN AGREES TO LEND 1MDB FUNDS TO REPAY $560MLN LOAN -- UPDATE
Ananda Krishnan, one of Malaysia's richest men, has agreed in
principle to lend funds to 1 Malaysia Development Bhd., or 1MDB, to
help settle a 2 billion ringgit loan the state investment firm took
out that is due Saturday, people familiar with the matter said
Friday. (published 0458 GMT)
BOC HONG KONG: REVIEWING BUSINESS FOR POTENTIAL BANKING ASSET DISPOSAL
BOC Hong Kong, which is controlled by Bank of China Ltd.,
confirmed it is conducting a feasibility study to review its
businesses and assets which may lead to the disposal of certain
banking assets. (published 0032 GMT)
VINDA INTERNATIONAL HOLDINGS: 2014 REVENUE UP 17.5% ON YEAR TO HK$7.99 BLN
Vinda International Holdings Ltd. said Friday its revenues in
2014 rose 17.5% to 7.99 billion Hong Kong dollars and that its
gross profit jumped 22.2% to HK$2.41 billion. (published 0137
GMT)
TENCENT TO BECOME NBA'S EXCLUSIVE ONLINE PARTNER IN CHINA
Tencent Holdings Ltd. said it has agreed to become The National
Basketball Association's exclusive online partner in China, the
latest in a series of alliances aimed at beefing up its online
offerings of entertainment for Chinese Internet users. (published
0100 GMT)
CHINA SHIPPING CONTAINER LINES: EXPECTS TO SWING TO 2014 NET PROFIT
China Shipping Container Lines Co. Ltd., a marine shipping
company based in Shanghai, said Thursday it expects to swing to net
profit for 2014 helped by effective cost control and improving
shipping routes as well as the expansion of international
cooperation. (published 0054 GMT)
CANADIAN OIL SANDS TO FURTHER SLASH DIVIDEND AND SPENDING -- UPDATE
Canadian Oil Sands Ltd. said Thursday it would further slash its
dividend and capital spending budget in response to the sharp drop
in oil prices and a rising debt load. (published 0025 GMT)
VITASOY WINS LAND ACQUISITION BID IN CHINA FOR CNY30 MILLION
Vitasoy International Holdings Ltd. said Friday it won a land
bid in Wuhan, central China for 30 million yuan and plans to invest
500 million yuan to build a production base there. (published 0432
GMT)
MOODY'S DOWNGRADES ALL PETROBRAS RATINGS
Moody's Investors Service said Thursday it downgraded all
ratings for PetrĂ³leo Brasileiro, the third downgrade of Brazil's
state-run oil company in four months and another significant
setback for a company in the midst of a widespread corruption
scandal. (published 0221 GMT)