Companies


    • US files first criminal charges against major drug distributor

      US files first criminal charges against major drug distributor

      In an unprecedented case, the US government on Tuesday filed its first criminal indictments against a major drug distributor and company executives over their alleged roles in fueling the nation’s opioid epidemic by putting profits ahead of patients’ safety. The US Attorney’s Office in Manhattan charged Rochester Drug Cooperative (RDC), the sixth-largest pharmaceutical distributor in the country, with conspiring to distribute drugs (such as oxycodone, fentanyl and others), defrauding the federal government, and failing to file suspicious order reports.

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    • EU car manufacturers to sue Nokia

      EU car manufacturers to sue Nokia

      German car manufacturer Daimler, parts maker Continental, the French Valeo, and Bury Technologies have levyied antritrust complaints against Nokia, regarding company’s alleged refusal to license mobile components that could be used in next-generation connected cars. In a statement issued yesterday, April 17, the Finland-based telecoms company said it had been notified of the complaints.

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    • Apple, Qualcomm at each other's throats

      Apple, Qualcomm at each other's throats

      Apple and Qualcomm have spent almost two years locked in an intense legal fight, suing one another across the globe, claiming monopolistic practices, patent infringement, and even theft. And while the Federal Trade Commission trial in January was just a dress rehearsal, on Monday the real showdown for the two companies started.

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    • Chevron buys Anadarko Petroleum for $33bn

      Chevron buys Anadarko Petroleum for $33bn

      Chevron on Friday announced plans to acquire oil and gas exploration and production company Anadarko Petroleum in a cash and stock deal valued at $33bn. The transaction will give the second biggest US energy company a boost in shale oil production as well as African liquefied natural gas, putting it in the top ranks of the world’s largest energy companies.

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    • Rolls-Royce agrees to EU inspection

      Rolls-Royce agrees to EU inspection

      Rolls-Royce Holdings PLC announced today that it has agreed to an inspection regime with European regulators seeking to confirm the condition of its Trent 1000 TEN fleet over the next few months. The British aircraft-engine maker said this is part of its work to respond to issues on its Trent 1000 TEN engines, the company's newest version used on Boeing 787-10 Dreamliners, in which earlier than anticipated blade deterioration has been identified.

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    • Saudi Aramco is world's most profitable company

      Saudi Aramco is world's most profitable company

      Saudi Arabia’s national oil company was the most profitable company in the world in 2018, a new report released by Fitch Ratings shows. According to the data, which is revealing a few of company's best kept financial secrets, Saudi Arabian Oil Co. - known as Aramco - generated a whopping $224bn last year, before interest, tax and depreciation. And this reportedlt "accounted for around 70% of the country's budget revenue proceeds."

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    • Commission fines Nike €12.5m

      Commission fines Nike €12.5m

      The European Commission has announced on Monday it had fined Nike €12.5m for banning traders from selling licensed merchandise to other countries within the EEA. In particularly, the restriction concerned merchandising products, like mugs, bags, bedsheets, stationery, toys, of some of Europe's best-known football clubs and federations, for which Nike held the licence.

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