ORANGE OFFERS TO BUY SPAIN'S JAZZTEL
Orange made a $4.3 billion offer for Spanish broadband and
cellphone operator Jazztel, raising its bet in one of the
euro-zone's fastest-growing economies.
ASTRAZENECA, ELI LILLY TO PARTNER ON NEW ALZHEIMER'S DRUG
AstraZeneca and Eli Lilly said that they would jointly develop a
risky experimental Alzheimer's drug that could rake in as much as
$5 billion in annual sales, but that stands just a 9% chance of
success.
RUSSIA'S MAIL. RU BUYS REMAINING STAKE IN VKONTAKTE
One of Russia's top Internet companies Mail. Ru has bought the
remaining 48% stake in the country's most popular social network
VKontakte for $1.47 billion.
ALIBABA RAISES IPO PRICE RANGE
Alibaba Group Holding raised the price range for its initial
public offering to $66 to $68 per share, up from the current $60 to
$66 a share, and didn't increase the number of shares that can
potentially be sold
AIRBUS TO SHED SOME DEFENSE BUSINESSES
Airbus said it would sell defense assets as the company focuses
increasingly on its successful commercial-airplanes business.
GM'S OPEL HUNKERS DOWN IN RUSSIA
Opel, the German unit of General Motors, plans to reorganize its
operations in Russia where demand for new cars has slumped amid a
worsening domestic economy.