S&P removes drugmaker Wyeth from 2 indices in sign $68B acquisition by Pfizer will go throughOctober 2nd, 2009 S&P removes Wyeth from indices before acquisitionTRENTON, N.J. — In the latest sign that Pfizer Inc.'s $68 billion purchase of Wyeth will go through, Wyeth's stock has been removed from two key investor indices.
Pfizer's $68 billion buyout of Wyeth gets clearance in China, still awaiting US clearanceSeptember 30th, 2009 Pfizer, Wyeth deal gets clearance in ChinaNEW YORK — Drug developer Pfizer Inc. said Tuesday China's ministry of commerce approved the company's $68 billion buyout of rival Wyeth.
Wyeth calls for redemption of floating rate convertible senior debenturesAugust 17th, 2009 Wyeth calls for redemption of senior debenturesMADISON, N.J. — Drugmaker Wyeth said Monday it has called for the full redemption of its outstanding floating rate convertible senior debentures due in 2024 on Sept.
Steel authority set to bag Chhattisgarh iron ore reserveAugust 12th, 2009 BHILAI - Steel Authority of India Ltd (SAIL) is set to bag a 2,028-hectare block in the Rowghat iron ore mine deposits in Chhattisgarh to feed its flagship unit, the Bhilai Steel Plant, as it has obtained the final clearance from the environment and forest ministry. "Bhilai Steel has obtained the final clearance from the ministry early this month for the Rowghat project," an official told IANS Wednesday, adding that company had been seeking the deposit since 1983.
Drugmaker Pfizer's 2Q profit plunges 19 percent on Wyeth acquisition charges, stronger dollarJuly 22nd, 2009 Drugmaker Pfizer's 2Q profit plunges 19 percentTRENTON, N.J. — Drug giant Pfizer Inc.
Many projects will not need environmental clearance any moreJuly 20th, 2009 NEW DELHI - Many projects will no longer need environmental impact assessment (EIA) and clearance from the government, according to amendments to EIA rules proposed by the Ministry of Environment and Forests.
Environment Minister Jairam Ramesh informed parliament Monday that the proposals included:
* Threshold limits of construction projects (that require clearance) would be raised from 20,000 to 50,000 square metres
* Modernisation and expansion projects without increase in pollution load would be exempt from EIA provisions
* Prospecting of minerals would be exempt
* Biomass based power plans up to 50 MW would be exempt
Ramesh informed the Rajya Sabha in response to a question that the amendments envisaged more involvement of civil society groups in environmental clearance.
Wyeth says regulators in Chile grant 1st marketing approval to new type of Prevnar vaccineJuly 14th, 2009 Wyeth says Chile approves Prevnar 13 vaccineCOLLEGEVILLE, Pa. — Wyeth on Tuesday reported the first marketing approval for a new version of its vaccine Prevnar, as the drug was cleared by regulators in Chile.
Pfizer pulls out of plan to move biotech workers to San Francisco facilityJuly 7th, 2009 Pfizer ends plan San Francisco biotech facilityNEW YORK — Pfizer Inc. is pulling a plan to staff a biotechnology research center in San Francisco and will keep its 100 area employees in South San Francisco.
GSPC gets eco-clearance for 16 more wells in KG basinJuly 6th, 2009 GANDHINAGAR - The state-owned Gujarat State Petroleum Corporation (GSPC) has acquired environmental clearance for 16 of its additional wells to be drilled in its Deendayal gas field in the Krishna-Godavari (KG) basin on the eastern coast of India, a state official said here Monday. The industry department official said the 16 additional wells in the Block KG-OSN-2001/3 received clearance from the environment and forests ministry for exploration after the firm submitted a pre-feasibility report a month back.
EMC boosts bid to purchase Data Domain to $33.50 per share, says it has regulatory approvalJuly 6th, 2009 EMC raises bid for Data Domain to $33.50 per shareNEW YORK — Data storage company EMC boosted its offer to buy Data Domain to $33.50 per share in cash and says it received regulatory approval for the purchase. EMC's new offer, announced Monday, is $3.50 per share above its previous offer valuing Data Domain Inc.
Minister seeks more transparency in environmental clearancesJune 26th, 2009 NEW DELHI - Environmental clearance procedures would be made more "transparent and businesslike" to avoid any conflict of interest and to ensure a stipulated period for the process, Minister of State for Environment and Forests Jairam Ramesh said Friday. "There has been criticism that the process (of environmental clearances) lacked transparency...
Drugmaker Wyeth sets July annual meeting for shareholders to vote on acquisition by PfizerJune 18th, 2009 Wyeth sets meeting for shareholders' merger voteMORRISTOWN, N.J. — Wyeth has scheduled a meeting for the drugmaker's shareholders to vote whether to approve its pending acquisition by drug giant Pfizer.
Air India, Jet flights escape disaster at Mumbai airportMay 31st, 2009 MUMBAI - An aviation disaster was averted at Mumbai airport Sunday when two aircraft got clearance to take off simultaneously from two runways but the pilots stopped the planes in the nick of time, an airport official said. The incident occurred at 7.27 a.m.
Parsvnath gets environmental nod for Panipat townshipMay 18th, 2009 NEW DELHI - Realty major Parsvnath Developers has got environmental clearance from the Haryana government for its Parsvnath Paliwal City project at Panipat, the company announced Monday. 'After getting environmental clearance (from the State Environment Impact Assessment Authority), Parsvnath is now in a position to start the construction of the township project soon,' a company statement said.
Drugmaker Pfizer's Q1 profit dips 2 percent on much lower sales, costs of Wyeth acquisitionApril 28th, 2009 Pfizer profit dips 2 percent, sales fall much moreNEW YORK — Pfizer Inc. posts a 2 percent drop in first-quarter profit, as cost-cutting by the world's largest drugmaker couldn't offset big drops in sales for several medicines.