Pfizer raises bid for AstraZeneca to $117 billion

Pfizer Raises Bid for AstraZeneca to $117 Billion

U.S. drugmaker Pfizer said on Sunday it had raised its offer for British rival AstraZeneca to 69.3 billion pounds ($116.6 billion), or 55 pounds a share, and would walk away if AstraZeneca did not accept it. May 19, 2014
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Fire engulfs factory near Delhi, fire tenders swing into action

Noida, May 18 (ANI): A raging fire engulfed a water jar manufacturing factory in the wee hours of Sunday in Noida and over a dozen fire tenders swung into action to douse the inferno. No causalities or burn injuries have been reported so far. A short circuit is said to have caused the inferno. Fire fighters had to struggle for hours to douse the blaze. Police said over a dozen fire tenders were immediately set in action to ensure that there was not much loss to the property. According to eyewitnesses, the fire suddenly emanated after a blast was heard on the second floor of the factory building. Factory workers said the inferno was uncontrollable at first as a result it spread fast to other floors due to delay in the arrival of fire controlling unit. May 18, 2014
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Ranbaxy Posts Loss after Write-offs on U.S. Import Bans

Drugmaker Ranbaxy Laboratories Ltd (RANB.NS), which has agreed to be acquired by Sun Pharmaceutical Industries Ltd (SUN.NS) for $3.2 billion, posted a loss in the March quarter, hit by write-offs related to regulatory sanctions. May 10, 2014