Tue, Nov 12, 2013 - Page 15 News List

World Business Quick Take

Agencies

AVIATION

JAL notes possible glitch

Japan Airlines (JAL) yesterday said it has reported to Boeing Co a possible glitch in the battery system on the 787 Dreamliner, after pilots saw an indicator warning light en route from Finland. JAL said instruments warned pilots there was a problem with the battery connected to the plane’s auxiliary power unit on the flight from Helsinki to Tokyo on Friday last week. Engine monitoring systems showed the voltage and electrical current were within normal ranges and the plane arrived at Helsinki without delay, a JAL spokesman said.

HEALTHCARE

Grifols to buy Novartis unit

Novartis AG has agreed to sell a blood transfusion diagnostics unit to Spanish healthcare company Grifols SA for US$1.68 billion, the Swiss company’s biggest asset sale since 2008. Novartis expects to complete the sale to Europe’s largest maker of blood plasma products in the first half of next year, the Basel-based company said in a statement. The Swiss drugmaker acquired the blood unit when it bought Chiron in 2006.

PHARMACEUTICALS

Shire to acquire ViroPharma

British drugs group Shire PLC yesterday said it has agreed to buy US-based ViroPharma Inc, a rare disease biopharmaceutical firm, for US$4.2 billion. “Shire PLC and ViroPharma Incorporated today [yesterday] announce that their boards of directors have unanimously approved and the companies have entered into a merger agreement pursuant to which Shire will acquire all the outstanding shares of the rare disease company ViroPharma for ... a total consideration of approximately US$4.2 billion,” the companies said.

TELECOMS

Deutsche Telekom to buy GTS

Deutsche Telekom AG agreed to buy GTS Central Europe for 546 million euros (US$730 million), adding landline networks in countries where the German phone company’s services are predominantly wireless. Deutsche Telekom is acquiring Warsaw-based GTS from private equity firms, including Columbia Capital, HarbourVest Partners, Innova Capital and M/C Partners, the Bonn-based company said on Sunday. The transaction, subject to regulatory approval, will give Deutsche Telekom landline grids in Poland, the Czech Republic, Hungary and Romania.

CHINA

Car sales rose last month

The nation’s passenger vehicle sales rose 24 percent last month, helped by a recovery in economic growth and rebound in demand for Japanese brands. Wholesale deliveries of cars, multipurpose and sport utility vehicles climbed to 1.61 million units last month, the state-backed Association of Automobile Manufacturers said yesterday. That compares with the median estimate of 1.5 million units made by three analysts surveyed by Bloomberg News.

MINING

Anglo mine hit by protest

Thousands of workers at an Anglo American Platinum Ltd mine in South Africa have refused to come out from underground in protest at the suspension of one of their leaders, the firm said on Sunday. The workers, members of the militant Association of Mineworkers and Construction Union, have been underground for nearly two days at the top global producer’s Dishaba mine in the northern Limpopo Province, company spokeswoman Mpumi Sithole said. The leader was suspended for “a breach of safety regulations,” the firm said.

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