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Phila. biotech firm agrees to pay $2.75M settlement

2015-06-03 21:15:35| Biotech - Topix.net

A Philadelphia biotechnology company has tentatively agreed to pay $2.75 million to resolve a lawsuit brought by its shareholders, who allege the company made "material misrepresentations and omissions" regarding the status of a new drug application for its lead new drug candidate. The class action lawsuit was filed against Hemispherx Biopharma , which has spent more than three decades developing Ampligen for a variety of possible uses.

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Vodafone continues to gain pay TV share in Portugal

2015-06-03 15:00:19| Digital TV News

According to Portugals Autoridade Nacional de Comunicaçes (ANACOM), there were 3.404 million subscribers to subscription TV in the country at the end of the first quarter of 2015, 54,000 (+1.6 percent) more than in the previous quarter, and an extra 194,000 (+6.1 percent) compared to the same point in 2014.

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The Wall Street Journal: Safeway to pay hedge funds $44.50 a share to settle buyout suits

2015-06-02 20:13:20| Grocery - Topix.net

Safeway Inc. will pay a group of investment funds about 27% more than other shareholders received when the grocery chain was sold to private-equity-backed Albertsons earlier this year for $7.6 billion, a big win for hedge funds that challenge deals in court. Albertsons will pay three funds, which owned about 6% of Safeway stock, $44.50 a share in cash, or about $134 million more, as part of a court settlement in a buyout-related lawsuit, according to people familiar with the matter.

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Network rail strike deferred after pay hike offer

2015-06-02 01:00:00| Railway Technology

Planned rail strikes by workers from the Rail, Maritime and Transport (RMT) union set to begin later this week, have been suspended after Network Rail offered a 2% pay rise.

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VIDEO: Employers of carers 'to pay pension'

2015-06-02 00:54:30| BBC News | Business | UK Edition

Up to 100,000 people who employ personal carers are being warned they may now be legally liable to pay them pension contributions.

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