Biogen proposes to buy remaining stake in Sage in $442 million deal
(Reuters) – Drugmaker Biogen (NASDAQ:BIIB) will buy all outstanding shares of Sage Therapeutics that it does not already own for $7.22 apiece, a filing showed on Friday, sending the latter’s stock up 34% in extended trade. As per the filing,…
South Korea Jeju Air jet black boxes stopped recording 4 minutes before crash, ministry says
SEOUL (Reuters) -The flight data and cockpit voice recorders on the Jeju Air jet that crashed on Dec. 29 stopped recording about four minutes before the airliner hit a concrete structure at South Korea’s Muan airport, the transport ministry said…
Fire agencies to investigate potential Edison link to LA Hurst fire
(Reuters) – Fire agencies are investigating whether Southern California Edison’s utility infrastructure sparked a brush fire that is still burning in a Los Angeles suburb, SCE said Friday, adding no determination has been made. SCE, a unit of U.S. utility…
Prada among suitors looking at Versace, newspaper reports
MILAN (Reuters) -Italy’s Prada (OTC:PRDSY) is among potential suitors examining the acquisition of fashion group Versace which Capri Holdings (NYSE:CPRI) has put up for sale, daily Il Sole 24 ore reported on Friday. In November Coach-owner Tapestry (NYSE:TPR) dropped a…
Japan stocks lower at close of trade; Nikkei 225 down 1.04%
Investing.com – Japan stocks were lower after the close on Friday, as losses in the Shipbuilding, Power and Insurance sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 1.04%. The best performers of the session on…
Edison denies LA wildfire involvement as insurers ask it to preserve evidence
(Reuters) – Southern California Edison said on Thursday it had received notices from insurance companies to preserve evidence related to the Eaton (NYSE:ETN) Fire that is still burning in Los Angeles, but said no fire agencies have pointed the utility’s…