World-Business/Business-Finance news

First-in-Class Alzheimer’s Treatments Expand Existing J&J Neuroscience Pipeline Johnson & Johnson Equity Investment Provides Financial Flexibility for Elan

Siemens Energy is expanding its service business for energy and environmental technology and has acquired a 60 percent majority holding in Gummersbach-based Steinmüller Engineering GmbH, Germany. Steinmüller Engineering provides engineering for both innovative combustion technologies designed to significantly reduce CO2 and NOx emissions and exhaust-gas cleaning systems for fossil-fueled power plants. The company has a work force of more than 60. The purchase price was not disclosed.

Turkish Airlines and Etihad Airways have signed codeshare agreement.The deal follows the launch of Etihad’s four flights a week service to the Turkish commercial capital, Istanbul, which began on June 1, 2009.

American International Group, Inc. (AIG) today announced that it has entered into an agreement to sell 98 percent of the shares in its consumer finance operations in Russia, consisting of OOO AIG Bank (RUS), with an option, not exercisable until mid-March 2011, for the sale of the remaining two percent, to Banque PSA Finance SA (a 100 percent- owned subsidiary of PSA Peugeot Citroën Group).

Unparalled system project in transit industry underscores Bombardier’s expertise by supplying a system extension while upgrading the existing line

Lockheed Martin [NYSE:LMT] has achieved HDI Support Center Certification for the Air Force National Capital Region (AFNCR) Information Technology Support Call Center, supporting the U.S. Air Force’s 844th Communication Group. The AFNCR is the first Air Force call center to achieve the prestigious certification.

Phase One A/S, in conjunction with senior management employees of Leaf, today announced that they have created a new entity, Leaf Imaging Ltd., to purchase certain assets of the Leaf camera business.

CenturyTel, Inc. (NYSE: CTL) and Embarq Corporation (NYSE: EQ) today announced that CenturyTel's pending acquisition of EMBARQ has received approval from the Federal Communications Commission (FCC).

Ericsson (NASDAQ:ERIC) has signed an agreement with Elcoteq, a supplier to Ericsson, for part of its manufacturing operations in Estonia. The purchase price is EUR 30 million, relating to inventory and some minor assets.

Deutsche Bank’s Asset Management division (DeAM) today launched the world’s first scientifically valid, real-time carbon counter, a nearly 70-foot-tall digital billboard displaying the running total of long-lived greenhouse gases in the atmosphere.

Johnson & Johnson (NYSE: JNJ) announced the U.S. Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act with respect to its previously announced planned acquisition of Cougar Biotechnology (Nasdaq: CGRB).

eBay Inc. (Nasdaq: EBAY) announced today that it has successfully completed its previously announced tender offer for all outstanding common shares and American Depositary Shares (ADSs) of Gmarket Inc. (Nasdaq: GMKT). The tender offer was commenced by eBay KTA (UK) Ltd., a wholly owned subsidiary of eBay, on May 4, 2009, and expired at 12:00 midnight, New York City time, on Friday, June 12, 2009 (which was 1:00 p.m., Seoul time, on Saturday, June 13, 2009).

HSBC intends to make an offer to acquire from minority shareholders the remaining 6.14 per cent of Investsmart it does not currently own and to delist Investsmart shares from the Bombay Stock Exchange and the National Stock Exchange of India (the "delisting offer").

Framework agreement includes delivery of more than 14,000 terminals alongside accessories and services

Ericsson (NASDAQ:ERIC) has signed a long-term bilateral loan of USD 625 million with SEK (The Swedish Export Credit Corporation), partially backed by EKN (The Swedish Export Credit Guarantee Board) working capital guarantee

American International Group, Inc. (AIG) announced today that it has closed the previously announced public offering of 29.9 million shares of Transatlantic Holdings, Inc. (NYSE: TRH) common stock owned by AIG and its indirect subsidiary, American Home Assurance Company (AHAC) for aggregate gross proceeds of $1.136 billion.

HSBC Insurance (Asia) Limited (HSBC Insurance) has received final approval from the China Insurance Regulatory Commission (CIRC) to launch a jointly held insurance company with Beijing-based National Trust Limited (National Trust).

American International Group, Inc. (AIG) announced today that the underwriters of the previously announced public offering of 26 million shares of Transatlantic Holdings, Inc. (NYSE: TRH) common stock owned by AIG and its subsidiary, American Home Assurance Company (AHAC), have exercised their option to purchase an additional 3.9 million shares.

New FLEXITY 2 tram and ECO4 technologies lead display of best-in-class public transport solutions

Boeing [NYSE: BA] and teammate L-3 have delivered four Block II F/A-18E/F Super Hornet Tactical Operation Flight Trainers (TOFT) to the U.S. Navy and declared them “Ready for Training.” Naval Air Station (NAS) Oceana, Va., has two of the trainers, and two are located at NAS Lemoore, Calif.