South Africa’s Vodacom Group Ltd. and MTN Group Ltd. agreed to buy mobile-phone subscribers from Nashua Mobile (Pty) Ltd. for 2.26 billion rand ($215 million), ahead of a possible winding up of the service provider.
Eli Lilly & Co. , facing generic competition to its top-selling drug Zyprexa this year, said it will tie cash bonuses for employees partly to the success of medicines the drugmaker is developing as it seeks new products.
Royal Dutch Shell Plc’s long-awaited sale of its $6.4 billion stake in Woodside Petroleum Ltd. may open the door for Asian buyers to grab a slice of Australia’s second-largest oil and gas producer, or even the whole company.
In the space of 20 minutes on the last Friday in June, the value of the U.S. dollar jumped 0.57 percent against its Canadian counterpart, the biggest move in a month. Within an hour, two-thirds of that gain had melted away.
Millions of 18-year-olds are excited about heading to college this month -- leaving home, making friends and taking courses that meet only a few hours a week. On the first day of classes, however, they may be startled to find that the professor who enters Calculus I or Intro to Philosophy is more than a half-century older than they are.
Eli Lilly & Co. , already facing competition next year for its top-selling drug, lost a court bid over patent protection on its cancer medicine Gemzar , which could lead to generic products as early as November.