Coors and Molson discussing merger
BREWING A BLEND:
Analysts said a link-up might not remedy the problems facing the US and Canadian companies or dramatically improve their market share
The Adolph Coors Co, the third-largest beer company in the US, and Molson, the biggest Canadian beer company, said on Monday that they were in advanced discussions on a possible merger.
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Bayer buys Roche's non-prescription business
PHARMACEUTICALS:
If EU and US officials approve the deal between the German and Swiss companies, it would create a new world leader in over-the-counter drugs
Bayer, the German chemical and drug giant that makes aspirin and Alka-Seltzer, said on Monday that it would buy the over-the-counter (OTC) drug business of the Swiss pharmaceuticals company Roche in a deal worth about US$2.95 billion that would create a world leader in non-prescription medicines.
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Analysts await Google valuation
IPO PLAN:
The Internet search engine is expected to provide its self-appraisal sometime this week when it updates its prospectus with its second-quarter results
How much is Google Inc really worth? The online search engine leader appears poised to weigh in with its opinion, helping bring clarity to a question that has been puzzling Silicon Valley and Wall Street since the company filed its initial public offering (IPO) plans two-and-a-half months ago.
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Infineon announces surprise quarterly loss on US probe
Infineon Technologies AG, Europe's second-largest semiconductor maker, had an unexpected quarterly loss as it set aside more money for potential fines tied to a US antitrust investigation into industry price fixing.
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Apple cuts price of iPod digital music player by 25%
Apple Computer Inc slashed the price of its top-selling iPod music player by as much as 25 percent to preserve its lead as Sony Corp and other competitors enter the market.
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World Business Quick Take
■ Trade
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