US-Irish drugmaker Endo International is planning to buy Par Pharmaceutical Holdings from investment firm TPG Capital in a deal valued at $8.05 billion to expand its generic portfolio.   The deal has been made only two months after the company dropped its plans to buy US-based Salix Pharmaceuticals. Endo has announced that the company will buy Par with18 million Endo shares valued at...

American retail group Ascena Retail Group has announced that it would acquire women clothing retail brands Ann Taylor and Loft in a deal valued at about $2 billion.   Ascena, that owns Lane Bryant and Dressbarn, has around 4,900 stores worldwide and is estimated to generate $7.3 billion in sales. According to the company’s CEO, “the transaction will make us part of a larger...

The French holding group Kering SA, which owns a significant number of premium brands, on Friday filed a lawsuit against Alibaba in US federal court in Manhattan, accusing the Chinese Internet giant in sale of counterfeit goods on its trading platforms, writes The Wall Street Journal. The lawsuit unites the claims of such Kering brands like Gucci, Balenciaga, Yves Saint Laurent (YSL) and others....

US-based commercial airline firm Southwest Airlines has announced more domestic and international routes.   The company has announced that the new flights schedule will start from January 2016 and the new international routes include Costa Rica.   New international service between eight cities and Houston (Hobby) will be added by the end of this year. The new international route to...

King of the US streaming video market , Netflix, wants to get a comfortable place increasing the budget of its own shows. In essence, the streaming is able to replace television in almost any niche. But Netflix’s managers admit that traditional broadcast still has advantages. Director of Netflix content acquisition Ted Sarandos tells about the pros and cons of traditional linear broadcast. The...

American automobile maker General Motors has planned to invest $1 billion in its Warren research and development campus in suburban Detroit.   The company has long been fighting it out with new technology and Internet companies to hire and retain talent, Forbes reported. Engineers and designers are making a cue to the Silicon Valley, thanks to the open office culture and room for...

Aggressive pricing competition and weaker demand in the emerging markets are forcing the Canadian aircraft manufacturer Bombardier to reduce the rate of production of the Global 5000 and 6000 models. This was stated by the company’s executives at a press conference on the results of the first quarter of 2015. In 2013, the manufacturer responded to the growing demand with increase of production...

Japanese video gaming company Nintendo entertainment plans to host Nintendo World Championships after a hiatus of 25 years.   The company is looking at the championships as a publicity stunt before next month’s Electronic Entertainment Expo which is the world’s biggest showcase for all the big consumer games coming out in the next year. Nintendo hosted the last Nintendo World Championships...

American wireless carrier company AT&T has announced a partnership with video streaming service Hulu.   The company announced that its users will be able to access the Hulu streaming video service on its website and mobile app starting later this year. The service will be currently available only to AT&T customers who subscribe to Hulu. Besides viewing their favorite content with...