Tesla customers could lose thousands in tax credits next year
Amazon's Prime Day shopping event now open to members in Singapore
Bali shuts airport after volcanic eruption
Tesla sues ex-employee alleging data theft, leaks to media
With Billions At Stake, Supreme Court Rules States May Tax Online Retailers
P&G Is Buying German Company Merck For $4.2 Billion
20 April 2018, 01:01 | Vera Richards
PROCTER & GAMBLE ACQUIRES MERCK'S CONSUMER HEALTH BUSINESS FOR ABOUT $4.21 BILLION
Merck had earned €911m from the consumer health business in 2017. Merck's unit also includes vitamin brands such as Femibion, Neurobion and Nasivin. "The deal represents 'a step in the right direction for P&G, '" Bloomberg Intelligence analyst Deborah Aitken tells them.
US -based P&G derived 12 percent of group sales, or $7.5 billion, from health care products previous year, including Oral-B toothbrushes and toothpastes.
The deal will add Merck's vitamin and food supplements to P&G's existing roster of over-the-counter medicines. That's left the door open for M&A. The brands are sold primarily in Europe, Latin America and Asia. Novartis sold its interest in a consumer joint venture to partner GlaxoSmithKline Plc, gaining cash to invest in innovative drugs.
European Nations Form New Blockchain Partnership
The declaration will bring together member states to exchange their experience and expertise in technical and regulatory fields. Blockchain technology is a system of organization of distributed databases.
Turns out Procter & Gamble didn't want Pfizer's consumer health unit after all.
By the end of 2017, GSK ranked as the world's largest consumer health company, according to market research firm Euromonitor International. Its latest deal reinforces that position, at a time when the Cincinnati-based company is experiencing sluggish growth.
"We like the steady, broad-based growth of the OTC Health Care market and are pleased to add the consumer health portfolio", said David Taylor, Procter & Gamble's CEO.
In meeting with Iowans et al., Trump says he may revive TPP
Withdrawing from the deal was one of Mr Trump's first acts as president, delivering one of his core campaign promises. Ricketts wrote on Twitter that it was a "great working meeting" with Trump on agriculture, ethanol and trade issues.
The sale of the global consumer health business, however, does not yet comprise its French consumer health business, where P&G has made a binding offer to acquire the shares and assets upon Merck having informed and consulted with the relevant works council representatives. But it did want Merck KGaA's.
It also owes a lot of money: data collected by Reuters indicates the company has a total debt-to-equity ratio of 77.29, whereas the industry average is 11.04.
In two years, Merck's $1bn Consumer Health business has grown by 6% and provides a broad range of OTC product remedies to relieve muscle, joint and back pain, colds and headaches as well as products for supporting physical activity and mobility. About 3,300 Merck KGaA employees will switch over as well.
Toys R Us to shut final stores in next two weeks
Kirkland & Ellis is serving as principal legal counsel to Toys "R" Us, while Alvarez & Marsal acts as restructuring advisor. Extended discounts of up to 70 per cent are in place from today and offers are available on some of our best-known brands.
Procter & Gamble will acquire a 51.80 percent stake, for Rs 1,289.88 crore, in Indian listed drug firm Merck Ltd as part of a global deal under which it is taking over German firm Merck KGaA's worldwide consumer health business. Net income attributable to the company fell to $2.51 billion, or 95 cents per share, compared with $2.52 billion, or 93 cents per share, a year earlier.
Tax Day is April 17
Chuck E Cheese is offering a deal on their pizzas - buy one large pizza and get the next large pizza free between April 17-19. Several restaurants and businesses stand ready to make your day a little less dour with all sorts of freebies and discounts.
Rwanda Drops to 123rd in FIFA Rankings
Poland complete the top 10 despite falling four positions - the biggest move among the 10 highest ranked nations. South American football governing body CONMEBOL has asked FIFA to bring forward plans for a World Cup expansion.
Egypt army says 27 jihadists killed in Sinai operation
Egypt first imposed the current state of emergency in April 2017 after two church bombings killed at least 45 people. The emergency law expands police powers of arrest, surveillance and seizures and can limit freedom of movement.
Andrew Benintendi out of Red Sox' lineup versus Yankees
What is surprising to many is Betts is putting up all these number from the leadoff spot in the Red Sox batting order. Aaron Judge (3-for-4) hit his third homer of the year for the Yankees, who lost for the fourth time in five games.
Afghan district governor among seven killed in attack
However, Moseni has also claimed that 45 Taliban were also killed and eight members of the Afghan security forces were wounded. The Khwaja Omari district's administrative head was killed in a predawn assault by the militants.
Trump attacks Comey for supporting McCabe
That was one of four times that McCabe "lacked candor" in talking about the story, the report said. Though the statement or suggestion was not under oath , it still got McCabe in trouble.
Pentagon: No US military activity in Syria at this time
He said he tried to enter the shelter but was overcome by a strong smell of chlorine and his comrades pulled him out. The strikes have ratcheted up global tension, as the USA and Russian Federation exchanged threats of retaliation.
Stormy Daniels may show up at Trump lawyer Cohen's hearing
Cohen denied that he'd ever been to Prague "in my life" after the dossier's publication, tweeting a photo of his passport. Michael Cohen is a fraud of a lawyer who works exclusively for President Trump , federal prosecutors charged Friday.
Quebec cocaine smuggler sentenced in Australia
However, Roberge was actually encouraged to use Instagram so she would get tons of likes and act as a decoy. Roberge's fellow smuggler, Lagacé, was sentenced back in November to seven years in prison.