Black Box acquires privately held Quanta Systems from CompuDyneOctober 5th, 2009 Black Box buys Quanta SystemsCommunications equipment company Black Box Corp. said Monday that it bought privately held Quanta Systems LLC.
Health care issues: Bundling paymentsSeptember 22nd, 2009 Health care issues: Bundling paymentsA look at key issues in the health care debate:
THE ISSUE: What can the government do to get doctors and hospitals to deliver cheaper medical services?
THE POLITICS: Medicare's fee-for-service structure means that doctors, hospitals and other providers have a greater financial incentive to provide large quantities of medical services than to provide high-quality medical services. Democrats and the Obama administration want to change that, and use the savings to help pay for their health overhaul legislation and bring down medical costs over the long term.
Reliance Mobile plans contest around Champions Trophy (Business Capsule-Two)August 20th, 2009 NEW DELHI - Anil Ambani-led Reliance Mobile, a "global partner" of the ICC Champions Trophy 2009, Thursday announced that it will hold interactive contests surrounding the tournament. The contest will be launched on various platforms, including SMS and voice portal, across both GSM and CDMA networks, the company said in a release.
12 NJ hospitals paying more than 500 doctors to save money in a Medicare experimentAugust 19th, 2009 12 NJ hospitals paying doctors to save them moneyMOUNT LAUREL, N.J. — A dozen New Jersey hospitals are paying doctors as an incentive to save the hospitals money.
French bank BNP Paribas 2nd quarter net profit up 6.6 percent to euro1.6BAugust 4th, 2009 BNP Paribas Q2 net profit up 6.6 percentPARIS — French bank BNP Paribas said Tuesday its net profit rose 6.6 percent in the second quarter as its retail and investment banking divisons succeeded in attracting new business amid the continued global economic downturn. The Paris-based bank reported net profit of euro1.6 billion ($2.3 billion) in the three months ended June 30, up from euro1.5 billion a year earlier.
Shriners to keep serving 22 cities, but may downgrade some hospitals; will accept insuranceJuly 10th, 2009 Shriners to consider downgrade of some hospitalsSAN ANTONIO — The Shriners will continue treating children in all 22 cities where they operate hospitals, but some of the facilities may be downgraded to outpatient surgical centers and the sale or lease of real estate will be explored, the nonprofit's new CEO said Thursday. "We've not changed who we are.
Apollo Hospitals to raise funds for expansionJune 29th, 2009 CHENNAI - City-based healthcare company Apollo Hospitals will raise Rs.250 crore from International Finance Corp (IFC) to fund expansion programmes, said a top company official here Monday. Sharing the financial results of the company for 2008-09 with reporters, Apollo finance director Suneeta Reddy said: "We have lined up expansion projects worth Rs.1,500 crore.
British firm acquires 50 percent stake in EducompJune 24th, 2009 NEW DELHI - Pearson, a Britain-headquartered education and information company, will acquire 50 percent stake in Indian education resource provider Educomp Solutions for $17.5 million as part of an agreement signed between them Wednesday. The two companies will offer skills training as part of the agreement, a joint statement from the companies said.
Apollo Hospitals shelves plans to buy Wockhardt unitsJune 17th, 2009 KOLKATA - Apollo Hospitals has shelved plans to buy a "basket of hospitals" from Wockhardt, a senior company official said here Wednesday. "There is a lot of synergy between us, but we have a responsibility towards our shareholders and investors," Apollo Hospitals managing director Preetha Reddy told reporters.
Malvinder Singh steps down as Ranbaxy's chief executive (Lead)May 24th, 2009 NEW DELHI - Malvinder Mohan Singh has stepped down as chairman, managing director and chief executive of India's largest pharmaceutical company, Ranbaxy Laboratories, which was acquired last year by Japan's Daiichi Sankyo. Atul Sobti, the current chief operating officer, has been appointed chief executive and managing director, while Tsutomu Une, the company's non-executive director, will serve as its chairman, a company statement said Sunday.
BNP Paribas 1st quarter profit drops 21 percent to euro1.56 billion as economic crisis deepensMay 6th, 2009 BNP Paribas 1Q profit drops 21 percentPARIS — French bank BNP Paribas said Wednesday its net profit slumped 21 percent in the first quarter as its retail banking activities in the United States were hammered amid the global economic downturn. Paris-based BNP Paribas, the euro zone's largest bank by deposits, said net profit fell to euro1.56 billion ($2.08 billion) in the first quarter from euro1.98 billion a year earlier.
Survey: Hospitals cutting services, staff, other spending as recession hurts their financesApril 27th, 2009 Hospitals cutting services, staff amid recessionTRENTON, N.J. — Ailing from the recession, many U.S.
Wockhardt scrip nose-dives 20 percentApril 1st, 2009 MUMBAI - The stock of healthcare major Wockhardt fell 20 percent on the Bombay Stock Exchange following reports that the company would be referred to the corporate debt restructuring (CDR) mechanism for financial restructuring of its debts. The scrip, which opened at Rs.70.10, much lower than its Rs.85.50 close Tuesday, slipped soon to Rs.68.45.
GMR Energy acquires 33 percent stake in Canadian companyFebruary 25th, 2009 NEW DELHI - GMR Energy Ltd has acquired 33.5 percent stake in Canada-based Homeland Energy Group (HEG), it was announced Tuesday. HEG has strategic interests in coal projects in South Africa and other parts of the world.
Spice Group acquires Indian subsidiary of Dubai's CellucomFebruary 1st, 2009 NEW DELHI - The B.K. Modi-promoted Spice Group has fully acquired the Indian subsidiary of Dubai-based mobile handset retailer Cellucom.
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