Fans of the signature boom in Beats Electronics headphones can thank Mike Klasco, an audio-equipment consultant who was responsible for the speaker and related electronic innards of the original device. But if Apple spends $3.2 billion to acquire Beats as expected, Klasco won't be among those who reap the benefits.
Drugs made by Intermune Inc. and Boehringer Ingelheim GmbH slowed progression of a lung disease with no cure that often kills people three to five years after diagnosis, according to findings reported by two studies.
Joseph Edelman points at a chart of InterMune Inc.’s shares on a computer screen in his midtown Manhattan office. It’s late afternoon on Feb. 25, and the stock of the Brisbane, California–based biotechnology company has just made a vertical ascent, rising 171 percent on the day to trade at $37.80 a share.
WestSide Corp., the target of a A$178 million ($166 million) takeover bid from China’s Landbridge Group Co., said it’s in talks with companies that may lead to a higher offer for the coal-seam gas explorer.
Anti-China protests escalated in Vietnam as attacks on Taiwanese companies left two people dead and at least 129 injured, while more foreign-owned factories shut production and Chinese workers fled the country.
Guangdong Rising Assets Management Co., a state-owned Chinese investment group, offered to take control of PanAust Ltd. in a cash bid that values the Laos- focused copper producer at A$1.5 billion ($1.4 billion).
The Scottish scientists famous for concocting “Dolly” the sheep lost a bid for U.S. patent protection for a method of cloning, as a court said their animal creations are just genetic copies of naturally occurring beings.