Archive for the 'Business' Category
Celgene Picks Up Pharmion For A Cool $2.9 Bill
0 Comments Published by Robert Staehlin November 19th, 2007 in Health, Science, Business.Celgene Corporation and Pharmion Corporation today jointly announced the signing of a definitive merger agreement pursuant to which Celgene has agreed to acquire Pharmion. Under the terms of the merger agreement, Celgene will acquire all of the outstanding shares of Pharmion common stock for $72.00 per share payable in a combination of cash and shares […]
Apple Offers $100 Store Credit To Irate iPhone Early Adopters
0 Comments Published by William Fletcher September 7th, 2007 in Tech, Business.Apple’s $200 iPhone price cut has been a mixed blessing for consumers.
On the one hand, it’s great for everybody who hasn’t run out and purchased the must-have gadget of the moment yet. On the other, there are a lot of people who shelled out $599 just a couple of days ago who are none-too-thrilled with […]
FDA Issues Veggie Booty Salmonella Warning
0 Comments Published by Staff June 30th, 2007 in Health, Business.The U.S. Food and Drug Administration is warning consumers not to eat Veggie Booty flavor of snack food, marketed by Robert’s American Gourmet, due to possible contamination with Salmonella Wandsworth, bacteria that cause gastrointestinal illness.
FDA advises consumers to throw away any Robert’s American Gourmet brand Veggie Booty they have in their home. Veggie Booty is […]
Bear Stearns Plans 3.2 Billion Hedge Fund Bailout
0 Comments Published by Staff June 22nd, 2007 in Business.The Bear Stearns Companies Inc. announced today that it has offered to provide up to $3.2 billion in secured financing to The Bear Stearns High-Grade Structured Credit Fund (High-Grade Fund), a hedge fund managed by Bear Stearns Asset Management (BSAM). The Bear Stearns facility, which is in the form of a collateralized repurchase agreement, will […]