US officials slammed Nigeria’s “slow” response to the kidnapping of more than 200 schoolgirls by Islamic militants and renewed criticism Thursday of the military’s poor human rights record. Washington considers the Western African giant a strategic…
Browsing: giant
Media mogul Rupert Murdoch launched Monday an ambitious bid to create a pan-European television giant to tackle fierce competition, rapid sector consolidation, and aggressive bidding wars for live football rights. British pay-TV group BSkyB revealed…
India’s Sun Pharma said Saturday it will take “appropriate action” after a court suspended the generic giant’s $3.2-billion takeover of troubled rival Ranbaxy while insider trading allegations are probed. The Andhra Pradesh High Court order, dated April…
Chinese authorities have slapped Internet giant Sina Corp. with a fine of more than $815,000 over “unhealthy and indecent content”, the company announced. The “administrative fine” of 5.1 million yuan ($815,038) was imposed by the Beijing Municipal…
Mexico’s state oil giant Pemex on Wednesday reported a nearly $2.7 billion loss in the first quarter. Pemex, which provides a third of Mexico’s government revenue, had a $327 million loss in the same quarter of 2013. The company saw a net loss of $12…
Russia’s natural gas giant Gazprom posted a second successive drop in annual profits on Tuesday and warned that the escalating crisis in Ukraine could disrupt its crucial supplies to Europe. The world’s biggest gas producer admitted that the threat…
Britain’s High Court will on Tuesday hold a pre-trial hearing ahead of a court case due to be held next year brought by around 15,000 members of Nigeria’s Bodo community against oil giant Shell. The residents are seeking compensation from the British…
Trading in shares in French engineering group Alstom was suspended on Friday, a day after the shares surged on rumours of a bid by US giant General Electric. “The shares are suspended as required by the AMF (financial market authority) until further…
US aerospace and defense giant Boeing raised its 2014 profit outlook Wednesday despite a first-quarter profit slide, citing strong demand for its new jetliners. A sharp rise in pension costs from a change in retirement plans offset Boeing’s robust commercial…
US pharmaceutical giant Eli Lilly said Tuesday it has reached an agreement to acquire the animal health division of Novartis of Switzerland for $5.4 billion (3.9 billion euros). In a statement Eli Lilly said the deal will strengthen and diversify its…