Friday 07.30.2010
Disney unloads Miramax for $660 million
The Walt Disney Co. has finally sold off the Miramax label and library to a group of investors led by Ronald Tutor for $660 million.
Los Angeles Business from bizjournals
Colgate-Palmolive sues GlaxoSmithKline over toothpaste trademark
Colgate-Palmolive Co. has a new toothpaste coming out and doesn’t want GlaxoSmithKline to prevent it from marketing its “triple action.” (CL) (GSK)
Triangle Business Journal
Apple hit with patent suit, settles another
Mobile phone designer Emblaze Ltd. has filed suit against Apple Inc. alleging patent infringement.
Silicon Valley / San Jose Business Journal
Schering-Plough charges eat into Merck profit
Drug maker Merck said Friday that its profit fell by 52 percent during the second quarter on charges related to the company’s acquisition of Schering-Plough. (MRK)
Triangle Business Journal
Charles River cancels $1.6B purchase
Charles River Laboratories International Inc. has called off its planned $1.6 billion purchase of Chinese research firm WuXi PharmaTech (Cayman) Inc. The board of Wilmington-based Charles River Labs has instead authorized the company to buy back up to $500 million of its own stock. (CRL)
Boston Business Journal
Microsoft CEO sees iPad rival as 'Job One'
Microsoft Corp. CEO Steve Ballmer told analysts Thursday that finding a way to compete with Apple Inc.'s iPad is "Job One" at his company these days. (MSFT) (INTC)
Silicon Valley / San Jose Business Journal
Solyndra in 20-year deal with Southern California Edison
Solyndra Inc. said Friday it has been awarded 20-year power purchase agreements to supply Southern California Edison with renewable electricity from 16.2 megawatts of rooftop photovoltaic solar systems.
Silicon Valley / San Jose Business Journal
Stanley Black & Decker to buy CRC-Evans for $445M
Stanley Black & Decker said Thursday it will pay $445 million in cash to buy CRC-Evans International, a Houston, Texas, supplier of tools and equipment used in building oil and natural gas pipelines. (SWK)
Baltimore Business Journal
Ex-Duncan CEO gets 5 years, ordered to pay $3.8M
The former CEO and owner of The Duncan Group was sentenced Thursday to more than five years in prison and ordered to pay $3.8 million in restitution after pleading guilty to fraud charges related to a Ponzi scheme.
St. Louis Business Journal
Brewer files fast-track appeal of ruling on immigration law
Arizona Gov. Jan Brewer said Thursday she is filing a fast-track appeal of U.S. District Judge Susan Bolton’s ruling on the state’s illegal immigration law.
Phoenix Business Journal