Shareholders of Irish drugmaker Elan Corp. PLC have potentially ended a takeover bid from Royalty Pharma by voting in favor of an Elan share buyback plan. The Dublin-based company's shareholders also rejected at a Monday meeting three separate deals that the Elan board has pushed instead of the Royalty takeover bid.
Baby Matters LLC of Berwyn, Pa., announced the recall of its Nap Nanny and Nap Nanny Chill infant recliners as part of a settlement with the Consumer Product Safety Commission. Since 2009, the commission said it received at least 92 incident reports involving the products.
Growing lungs and other organs for transplant is still in the future, but scientists are working toward that goal. In North Carolina, a 3-D printer builds prototype kidneys. In several labs, scientists study how to build on the internal scaffolding of hearts, lungs, livers and kidneys of people and pigs to make custom-made implants.
One of Smithfield Foods' largest shareholders says a $4.72 billion takeover bid from China's largest meat producer falls short of what the company would be worth if sold off piece by piece. New York-based investment firm Starboard Value LP estimated the pork producer's value at $9 billion to $10.8 billion.
The global aviation event at Le Bourget airfield north of Paris is once again showcasing the rivalry between U.S.-based Boeing and French-based Airbus. After several years of success for their smaller models, the world's leading plane makers are hoping this year generates orders for the bigger, more expensive long-haul jets.
China's growing middle class has become increasingly fed up with air, water and soil pollution that has resulted from development-at-all costs policies. Members of the public have virtually no say on industrial projects, and often protest against factories or petrochemical plants they fear could affect their health.
General Motors is recalling more than 193,652 SUVs from the 2006 and 2007 model years because a circuit board in the driver's door could short and cause a fire. The vehicles involved are the Chevrolet Trailblazer, GMC Envoy, Buick Rainier, Saab 9-7x and Isuzu Ascender from the 2006 and 2007 model years.
Machinists at Memphis-based Engineered Medical Systems (EMS) were working up a sweat carving and shaping bars of steel into lifesaving surgical equipment. “If you’ve ever been to Memphis, you know it gets really hot here with really high humidity,” said EMS Controller Charles Stanford. “You sweat walking out to the mailbox. And that heat lasts for a long stretch of time.”
High voltage battery simulator and test systems are essential for conducting testing of the high voltage DC power systems that are such a critical element of electric (EV) and hybrid/electric (HEV) vehicles. To accurately test a high voltage hybrid or electric drivetrain, you need to be able to provide precise, repeatable high-voltage DC power.
Besides calling on knowledge and experience to get the job done, engineers rely on a host of resources and tools that, thanks to the development of mobile applications, are becoming increasingly accessible from handheld devices.
Economic and labor ministers from France, Germany, Italy and Spain are meeting in Rome to find a way to reduce record youth unemployment. Italian Premier Enrico Letta has made finding jobs for the young one of the battle cries of his new administration. About 40 percent of Italians aged 15-24 and active in the job hunt are unemployed.
A company making high-end pontoon boats is moving to a new location in Fort Wayne with plans to double its workforce over the next couple years. State and local officials joined Brunswick Corp. executives in a ceremony Thursday at its new factory on the city's west side at the site of a closed restaurant oven plant.
U.S. factories barely increased their output in May after two months of declines, a sign that manufacturing is providing little support for the economy. The Federal Reserve says manufacturing production increased just 0.1 percent in May from April. Output fell 0.4 percent in April and 0.3 percent in March.
Regulators say the miners have continued to scrape valuable ore from a ridge about 45 miles east of the state capital even though two of the operators also face criminal charges in El Dorado County. Joseph Hardesty and Rick Churches have another court appearance set for Friday.
A rise in food and gas costs drove a measure of wholesale prices up sharply in May. But outside those volatile categories, inflation was mild.The Labor Department said Friday that the producer price index rose 0.5 percent in May from April.
Microsoft's Office software package is coming to the iPhone for the first time Friday, offering people the ability to read and edit their text documents, spreadsheets and slide presentations at the doctor's office or at a soccer game.
Both companies issued statements Thursday announcing the decision by the Government Accountability Office. It's the latest development in a high-stakes competition that has taken nearly three years with legal challenges from both sides.
Friday's flight from Toulouse is to last about four hours and marks a key step on the path to full certification. More than half of the A350 — Airbus' first all-new plane in eight years — is made up of lightweight carbon-fiber designed to save on jet fuel, which makes up half the cost of long-haul flights.
Greenwood officials three years ago approved the project incentives, including a $6 million construction loan for 50,000-square-foot plant in a business park east of the city just south of Indianapolis. Elona said then it expected to employ some 70 workers and spend more than $25 million on a planned expansion.
The Food and Drug Administration wants makers of medical devices to design future products to prevent hackers from targeting them and disrupting patient care. A draft of the agency's recommendations — what the FDA calls guidance — was posted on its website Thursday.