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Shell: Industry faces major renaissance

February 9, 2016

The industry is in the crux of its own renaissance as it grapples with job losses, low oil price and lagging efficiency, according to Shell’s project & technology director. Speaking at GE’s annual meeting in Florence, Harry Brekelmans said: “Florence is the birthplace of the..

Biotech waiting game still paying off for Gilead

February 9, 2016

It’s no secret that Gilead Sciences is on the hunt for acquisitions. But the dismal market for biotech stocks means management can be as patient as it wants. Monday was another ugly day for biotech. The Nasdaq Biotechnology Index fell more than 3%. It has..

Asahi Kasei chief to step down

February 9, 2016

Asahi Kasei Corp. President Toshio Asano plans to step down to take responsibility for a piling data fabrication scandal involving a subsidiary, informed sources said Sunday. Chief Financial Officer Hideki Kobori, 61, is expected to replace Asano, 63, as president of the major chemicals maker,..

Associated British Foods offers to buy South Africa’s Illovo Sugar

February 9, 2016

(Reuters) – South Africa’s Illovo Sugar said on Monday it has received a non-binding expression of interest from its largest shareholder Associated British Foods in buying the rest of the company. AB Foods, which holds a 51.35 percent stake in Illovo, intends to make an..