Tag Archives: agrees

GE shares surge after Danaher agrees to buy biopharma business for $21.4 billion

GE sells biopharma unit to Danaher for $21.4B  7:24 AM ET Mon, 25 Feb 2019 | 00:45 Danaher will buy the biopharmaceutical business of General Electricin a $21.4 billion deal, the companies announced Monday. The deal will see Danaher pay $21 billion in cash, as well as assume certain GE pension liabilities. The GE Life Sciences unit will join Danaher’s Life… Read More »

G7 summit agrees on countering terrorism but not climate change

Leaders of the world’s leading industrial nations, the G7, have agreed on new action to counter terrorism at a summit in Taormina, Sicily. However, differences over climate change remain between US President Donald Trump and the others, said the host, Italian PM Paolo Gentiloni. Mr Trump and UK Prime Minister Theresa May reaffirmed plans to boost trade, including… Read More »

Lufthansa agrees pay deal with pilot union

Lufthansa has struck a deal to solve a five-year-long dispute with pilots that has cost it millions of euros. Germany’s largest airline and the Cockpit union have agreed upon an arbitrator’s proposal for a new wage agreement that covers about 5,400 pilots. The firm has agreed to a four-stage 8.7% total wage increase and a one-off 30m-euro (£25.5m)… Read More »

Tata Steel agrees to sell speciality steel biz to Liberty House

India’s Tata Steel Ltd (TISC.NS) said on Thursday its British arm has signed a definitive agreement to sell its speciality steel business to Liberty House Group for 100 million pounds. The deal covers several South Yorkshire-based assets including the electric arc steelworks and bar mill at Rotherham, Tata Steel said in a filing to Indian stock exchanges. Speciality… Read More »

Murdoch’s Fox agrees 11.69 billion pounds deal to buy Sky and bolster empire

Rupert Murdoch’s Twenty-First Century Fox has struck a $14.6 billion (11.69 billion pounds) deal to buy European pay-TV firm Sky that consolidates a media empire across two continents and helps it take on rivals like Netflix in the battle for viewers. Fox, which announced a preliminary deal on Friday, said it would pay 10.75 pounds per share –… Read More »

Toyota agrees to $3.4bn rust dispute settlement in US

The world’s biggest carmaker, Toyota, has agreed to settle a US Federal class action for up to $3.4bn (£2.7bn). It was brought by US owners of pickup trucks and SUVs whose claimed their frames could rust through. The proposed settlement covers 1.5 million Tacoma compact pickups, Tundra full-size pickups and Sequoia SUVs. Court papers alleged that the vehicles… Read More »

Monarch airline agrees £165m investment from Greybull

UK airline Monarch has settled worries over its immediate future by agreeing a £165m investment from Greybull Capital. The fresh financing has allowed the airline to renew its membership of the Air Travel Organisers’ Licensing (Atol) scheme – the scheme that refunds customers if a travel firm collapses. It also means the airline can invest in new aircraft.… Read More »