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Coca-Cola buys stake in Nigerian juice and dairy firm Chi
2016-01-30 16:24:11| Beverages - Topix.net
Jan 30 The Coca-Cola Company has bought a 40-percent stake in Nigerian juice and dairy firm Chi Ltd from unlisted European firm TGI Group, both companies said in a statement on Saturday. It gave no valuation for the deal but an industry source said Coca-Cola was paying a "triple-digit-million-dollar" amount for the 40-percent stake.
Danbury-based firm lays off half its staffers
2016-01-29 22:20:26| Biotech - Topix.net
Danbury-based pharmaceutical developer Biodel has laid off 15 people, more than half of its workforce, after a crumbled partnership forced it to suspend a drug trial and evaluate options including a sale or a reverse merger, in which another company would acquire Biodel for its Nasdaq listing and cash reserves. It would amount to an ignominious end for Biodel, created in 2003 by onetime MannKind executive Dr. Solomon Steiner and others who set out initially to develop VIAject, an insulin treatment for diabetics designed to be absorbed into the blood faster than alternatives at the time, with a later version of the technology called Linjeta.
Firm settles bias charge over forklift operator requirements 1:21 pm...
2016-01-29 19:44:13| Industrial Machines - Topix.net
A Pennsylvania paper company has agreed to pay $180,000 to settle an Equal Employment Opportunity Commission disability discrimination lawsuit in which it was charged with violating federal law by requiring forklift operators to meet Dept. of Transportation standards, even though it is not required.
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Low loonie expected to bring out U.S. protectionist forces: forestry firm Tembec
2016-01-29 02:30:51| Food - Topix.net
The boost Canadian lumber exports are getting from the falling loonie is certain to bring out protectionist forces in the U.S. lumber lobby, says the CEO of Quebec-based forestry company Tembec. "I think that they're watching the Canadian dollar drop, particularly in lumber, and they're saying, 'This isn't fair,'" CEO James Lopez said Thursday before a company meeting with shareholders.
Low loonie expected to bring out U.S. protectionist forces: forestry firm Tembec
2016-01-29 01:12:40| Agriculture - Topix.net
The boost Canadian lumber exports are getting from the falling loonie is certain to bring out protectionist forces in the U.S. lumber lobby, says the CEO of Quebec-based forestry company Tembec. "I think that they're watching the Canadian dollar drop, particularly in lumber, and they're saying, 'This isn't fair,'" CEO James Lopez said Thursday before a company meeting with shareholders.
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