By David Carnevali (Reuters) -Drug maker Novartis AG is in advanced talks to acquire MorphoSys AG, a developer of cancer treatments that has a market value of 1.6 billion euros …
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By Pritam Biswas (Reuters) -Cancer drug developer CG Oncology notched up a valuation of $1.75 billion in its market debut on Thursday, after its shares jumped 52.6% at the open, …
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By Melanie Burton MELBOURNE (Reuters) -Chile’s SQM has teamed up with Australia’s richest person, Gina Rinehart, to make a sweetened A$1.7 billion ($1.14 billion) bid for Australian lithium developer Azure …
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HONG KONG (Reuters) – Shares in Chinese property developer Shimao Group were flat on Friday after it issued a restructuring plan to reduce up to $7 billion in offshore debt, …
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(Reuters) -Activist investor Engine Capital on Wednesday sent a letter to the board of cancer therapy developer 2seventy bio, urging a board refresh and the appointment of Chief Operating Officer …
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LOS ANGELES – An Agoura Hills real estate developer was sentenced today to 41 months in federal prison for failing to disclose on a bankruptcy petition that he had earned …
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Leading Offshore Wind Developer Pulls Plug On Two Projects Nick Pope on October 31, 2023 A major offshore wind developer announced that it is cancelling two major developments on Tuesday …
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By Anna Tong and Krystal Hu ChatGPT maker OpenAI is expected to announce product enhancements that will make its AI models cheaper, with more functionality, in its first-ever developer conference …
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NEW JERSEY, NJ – Governor Murphy pledged to initiate a legal fight against Danish wind farm developer Orsted after the company abruptly abandoned its Ocean Wind 1 project in New …
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WASHINGTON – David Paitsel, 42, a former FBI agent, and Brian Bailey, 53, a D.C. real estate developer were sentenced today on bribery and …
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HONG KONG (Reuters) – Struggling Chinese property developer Kaisa Group said creditors would get less than 5% of their money back if it is forced into liquidation, a lawyer for …
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Sen. Michael Testa introduced legislation to address developer bribes in New Jersey after multiple reports of corruption have flown under the radar.
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(Reuters) -Chinese developer Sunac China Holdings has filed for Chapter 15 protection from creditors in a U.S. bankruptcy court, court documents showed on Tuesday. The company sought protection under Chapter …
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By Xie Yu HONG KONG (Reuters) – Embattled Chinese property developer Country Garden faces yet another liquidity test with Monday’s deadline to pay $15 million in interest linked to an …
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(Reuters) -Albemarle, the world’s largest lithium producer, aims to close its buyout of junior Australian rival Liontown Resources by the middle of 2024, its chief executive said on Tuesday. Albemarle …
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ATLANTIC CITY, NJ – Orsted, the company tasked by New Jersey Governor Phil Murphy saw its shares plummet today in a sign of bad news to come for the controversial …
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HONG KONG (Reuters) – Chinese state-backed property developer China Vanke said its profit would be under pressure in the short term amid a market correction, but that would not hurt …
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Sen. Anthony M. Bucco blasted Democrats for approving a $1 billion bailout of foreign wind developer, Orsted, after a press release from the company indicated strong first half profits in …
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By Tom Sims FRANKFURT (Reuters) – A Munich-based property developer said on Friday it had filed to open insolvency proceedings with a local court, in the latest sign of stress …
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(Reuters) – Ratings agency Moody’s on Thursday downgraded Chinese developer Country Garden’s corporate family rating (CFR) to Caa1 from B1, citing heightened liquidity and refinancing risk after the company missed …
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Sen. Anthony M. Bucco called on legislators to return to Trenton and vote on a wind moratorium.
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HONG KONG (Reuters) – Chinese property developer Yuzhou Group rolled out a plan to restructure its debt after defaulting on dollar bond payments last year, sparking a short rally in …
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By Summer Zhen (Reuters) – Chinese property developer Country Garden Holdings will raise $300 million in a primary placement in an attempt to repay its debts, a term sheet seen …
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By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -Australian developer Lendlease will cut about 740 jobs globally, or roughly 10% of its workforce, according to an internal memo on Tuesday …
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CAPE MAY, NJ – 0rsted, the offshore wind turbine company that just received a billion-dollar state bail-out to build a wind farm off the coast of South Jersey, is now …