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Miesiąc: sierpień 2010

Nikkei sinks to 16-month low

Nikkei sinks to 16-month low

World markets slumped Tuesday, with the Nikkei ending at a 16-month low, as the yen remained strong despite efforts by the Bank of Japan to keep a lid on the Japanese currency’s rise.

Sanofi offers $18.5 billion for Genzyme

Sanofi offers $18.5 billion for Genzyme

French pharmaceutical firm Sanofi-Aventis is stepping up the pressure on U.S. biotech firm Genzyme, going public with an $18.5 billion cash offer and hinting it may consider a hostile takeover if Genzyme refuses to talk.

Toyota recalls 1.33 million Corollas

Toyota recalls 1.33 million Corollas

Toyota Motor Corp. said it was recalling 1.33 million Corolla and Corolla Matrix vehicles on Thursday, citing problems in engines’ electronic control units that have allegedly led to three accidents.

Big Oil ticked off at new money law

Big Oil ticked off at new money law

A new law requiring oil companies to disclose all payments made to governments has sparked a sharp debate, with Big Oil saying it will put it at a big competitive disadvantage.

Sounds like a Prius down the street

Sounds like a Prius down the street

Toyota said Tuesday it will begin selling a noise-making device for its popular Prius hybrids in Japan that is designed to alert pedestrians when the quiet, gasoline-electric vehicle is approaching.

Yen soars to 15-year high against dollar

Yen soars to 15-year high against dollar

The Japanese yen surged to a fresh 15-year high against the U.S. dollar Tuesday, as the Japanese government signaled it would not take steps to curb the currency’s strength amid growing concerns about the pace of the recovery.

Fertilizer maker: 'Superior offers’ coming

Fertilizer maker: 'Superior offers’ coming

The board of directors of Canadian fertilizer manufacturer PotashCorp. told its shareholders Monday to reject a $38.6 billion hostile takeover bid from Australian mining company BHP Billiton, saying it’s in talks with other parties about „superior offers.”

Can microfinance be both moral and profitable?

Can microfinance be both moral and profitable?

There’s a debate brewing in the world of do-gooder banking, pitting the father of microfinance Muhammad Yunus against a few entrepreneurs who have put an unlikely spin on Yunus’ model of lending to the poor.

China to dominate in 2030? Maybe not.

China to dominate in 2030? Maybe not.

Now that Japan has been knocked out by China as the world’s second-biggest economy, the next question is: When will it dominate the U.S.? The Asian powerhouse could unseat the U.S. from the top spot as early as 2030, experts say, reconfirming China’s growing influence on economies in every corner of the globe.

Novartis’ $50 billion deal for Alcon: The big squeeze

Novartis’ $50 billion deal for Alcon: The big squeeze

On Monday, Alcon, the world’s largest eyecare company, held a emergency board meeting in a cramped conference room at a non-descript business center in Zug, Switzerland. Only four or five reporters attended, and ten of the fifteen chairs reserved for shareholders sat vacant. The conclave lasted just 45 minutes.

Hostile $38.6 billion bid for fertilizer maker

Hostile $38.6 billion bid for fertilizer maker

Mining giant BHP Billiton said Wednesday that it would take its $38.6 billion cash offer for Potash Corp. directly to the shareholders, a day after the world’s largest fertilizer producer rejected unsolicited takeover bid.

Fertilizer giant rejects $38.6 billion takeover bid

Fertilizer giant rejects $38.6 billion takeover bid

Potash Corporation, the world’s largest fertilizer producer, said Tuesday it has received and rejected a $38.56 billion unsolicited takeover bid from BHP Billiton, calling the mining giant’s offer „grossly inadequate.”

Double standard for big pharma bribes

Double standard for big pharma bribes

Legally, of course, companies can’t bribe anyone to do anything, whether the kickback is taking place on domestic or international grounds. But the act that guides the Department of Justice’s international jurisdiction — called the Foreign Corrupt Practices Act (FCPA) — specifically prohibits bribery to officials of foreign governments to procure business.

Indian travel site jumps 89% in IPO

Indian travel site jumps 89% in IPO

Shares of MakeMyTrip Ltd. soared 89% on Thursday as the Indian travel agency made its debut on the U.S. market, in another sign of strength for online travel booking services.

Indian travel site jumps 75% in IPO

Indian travel site jumps 75% in IPO

Shares of MakeMyTrip Ltd. soared 75% on Thursday as the Indian travel agency made its debut on the U.S. market, in another sign of strength for online travel booking services.