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(Bloomberg) -- European regulators halted their in-depth antitrust probe into Boeing Co.’s plan to invest in Embraer SA, saying they hadn’t received sufficient information from the planemakers.The European Commission has been investigating the venture, warning that the deal could remove Embraer as the third-largest global competitor to both Boeing and Airbus SE, which “may therefore result in higher prices and less choice.” The commission, one of the world’s toughest merger regulators, said Monday that it “stopped the clock” and a review can only be restarted once it gets the answers it needs.The heightened scrutiny puts new pressure on Boeing’s plan to take an 80% stake in a venture controlling Embraer’s commercial airplane and services businesses. The move, which would broaden Boeing’s reach into the regional-jet market by giving it access to Embraer’s E-Jet family, is intended to position the two companies to better compete with Airbus, which last year took control...
The U.S. Food and Drug Administration on Monday declined to approve Lipocine Inc's oral drug to treat a condition that results in lower production of male sex hormone for the third time, sending the drug developer's shares down 34%. The company said a letter from the regulator indicated the application could not be approved in its present form as Lipocine's trial did not meet three secondary goals that were designed to assess if higher levels of testosterone in patients could raise safety concerns. The decision marks the third regulatory setback in over three years for Lipocine's Tlando, which aims to restore normal testosterone levels in men with deficiency or absence of testosterone....
Shares around the globe fell on Monday, buffeted by escalating violence in Hong Kong that pushed Asian stocks to their worst day since August and stoked demand for the safe-haven yen and gold. In the 24th straight week of pro-democracy unrest, Hong Kong police shot and wounded a protester as the Chinese-ruled territory saw rare working-hours violence. The MSCI world equity index, which tracks shares in 47 countries, slipped 0.2%, with Hong Kong's Hang Seng index falling 2.6% and leading losses across Asia....
* Alibaba event is akin to Cyber Monday in U.S. HANGZHOU, China, Nov 11 (Reuters) - Chinese retailer Alibaba Group Holding Ltd said on Monday that sales for its annual Singles' Day shopping blitz crossed the $30 billion mark at 4:31 p.m. (0831 GMT), putting the event on track to set a record in its 11th year. The figure is equivalent to over 80% of U.S. rival Amazon.com Inc's online store sales in the latest quarter and matches takings across Alibaba's e-commerce platforms on Singles' Day last year....
To the annoyance of some shareholders, Modine Manufacturing (NYSE:MOD) shares are down a considerable 33% in the last......
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that......
U.S. solar company SunPower said on Monday it would split into two publicly traded companies, separating its operation that manufactures solar panels from storage and energy services. The spin off comes as America's biggest solar power developers, including SunPower, have been stockpiling panels to meet the increased demand from a 30% federal tax credit to buyers that will start phasing out next year. SunPower is majority owned by French energy giant Total SA....
