By Ben Hirschler and Simon Jessop LONDON (Reuters) - GlaxoSmithKline may have closed one chapter in a saga of corruption allegations by accepting a $489 million fine in China, but the drugmaker has its work cut out to win back skeptical investors. That means continued pressure on Chief Executive Andrew Witty, seen not so long ago as one of the sector's star managers, who is under fire for allowing the erosion of GSK's all-important U.S. business just as much as for the woes in China. ...
FRANKFURT (Reuters) - Drugs and chemicals maker Merck KGaA said it agreed to acquire Sigma-Aldrich for $17 billion in cash to boost its Merck Millipore lab supplies business in the biggest takeover in the German group's history, lifting its shares. The deal, approved by Sigma-Aldrich's management, will see Merck acquire all shares for $140 apiece in cash. That represents a 37 percent premium over the latest closing price of $102.37 on Sept. 19 and a 36 percent premium to the one-month average closing price, according to Merck. ...
FREETOWN, Sierra Leone (AP) — Life is returning to normal in the capital of Sierra Leone after an unprecedented three-day lockdown during which officials said more 1 million households were checked for Ebola patients and given information on the deadly disease.
FREETOWN (Reuters) - Sierra Leone recorded 130 new cases of the Ebola virus during a three-day lockdown and it is waiting for test results on a further 39 suspected cases, Stephen Gaojia, head of the Ebola emergency operations center, said on Monday. The country ordered its 6 million citizens to stay indoors for three days until Sunday night in the most extreme strategy employed by a nation since the start of an epidemic that has infected at least 5,357 people in West Africa since March. (Reporting by Umaru Fofana; Writing by Matthew Mpoke Bigg; Editing by Daniel Flynn)
By Rupam Jain Nair NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi will observe a strict religious fast during his maiden trip to the United States, aides said on Monday, in a test both of the 64-year-old leader's stamina and of protocol in the Obama White House. Throughout a grueling schedule that features the United Nations General Assembly, a rally of Indian Americans at New York's Madison Square Garden and talks with Obama in Washington, the devout Hindu will abstain from food. ...
GENEVA (Reuters) - Two of the five countries affected by the world's worst ever Ebola outbreak are managing to halt the spread of the disease, the World Health Organization said on Monday, although the overall death toll rose to 2,793 out of 5,762 cases. "On the whole, the outbreaks in Senegal and Nigeria are pretty much contained," a WHO statement said. There were no new deaths in Guinea, four in Sierra Leone and 39 in Liberia. A separate Ebola outbreak has killed 40 people in Democratic Republic of Congo, where there have been 71 cases, it said in a statement on the situation as of Sept 18.
FRANKFURT (Reuters) - Drugs and chemicals maker Merck KGaA said it agreed to acquire Sigma-Aldrich for $17 billion in cash to boost its Merck Millipore lab supplies business in the biggest takeover in the German group's history, lifting its shares. The deal, approved by Sigma-Aldrich's management, will see Merck acquire all shares for $140 apiece in cash. That represents a 37 percent premium over the latest closing price of $102.37 on Sept. 19 and a 36 percent premium to the one-month average closing price, according to Merck. ...
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