News

US aerospace giant Boeing has unveiled a record $10 billion (£6.1 billion) share buyback and 50 per cent hike in the dividend.

GSK joins forces with Pfizer to form HIV group

The world's two biggest drugs companies, GlaxoSmithKline and the US group Pfizer, are to pool their resources and form a new company in the search for new HIV treatments.

Small Talk: Imaginatik is inspired by big ideas

If there is one thing the Aim market should be doing it is allowing small-cap companies with a good idea to grow and take advantage of all the benefits – not least funding opportunities – that come with having a public listing. And while things are pretty dire for a large number of these groups that sought investors' money in the good times, some are showing that it is not all woe.

Pfizer to pay £50m after deaths of Nigerian children in drug trial experiment

Out of court settlement in the case that inspired 'The Constant Gardener'

Obama battles big pharma

Pfizer's latest mega deal reflects the threats faced by global drugs firms, not least from the new US president, says Alistair Dawber

Pfizer pays $68bn for Wyeth

Pfizer, the world's biggest pharmaceutical company by revenue, yesterday confirmed the worst kept business secret of the last few days by announcing that it is buying fellow US group Wyeth for $68bn (£49bn).

Pfizer and Wyeth in takeover talks to create pharmaceutical giant

Pfizer, the world's largest drugs group, is in talks with its US rival Wyeth about a takeover that, if finalised, would be one of the biggest merger deals ever seen in the pharmaceutical sector.

Thousands more jobs lost as rescue package launched

Almost 3,000 job cuts were announced within hours of the Government unveiling a rescue package aimed at firms hit by the financial crisis.

Market Report: Shire higher on talk of bid by rival Pfizer

Earlier this week, the chief executive of Pfizer – the pharma giant that produced Viagra – said he could countenance a deal with rivals that were "big, small and inbetween".

Book review: Creative thinking begins inside the box

Creativity Unlimited: Thinking Inside the Box for Business Innovation, By Michael Dahlén Wiley (£19.99)

Pill taken before sex would prevent transmission of HIV

Scientists are developing a pill to be taken before sex that would stop transmission of HIV. In the latest development in the battle against the global epidemic which claimed two million lives last year, researchers are investigating whether drugs used to treat the disease might be harnessed to protect against it.

InBev turns hostile in demand to remove Anheuser-Busch board

InBev has turned up the heat in its $46bn (£23bn) takeover bid on Budweiser's owner Anheuser-Busch, calling for the target's entire board to be ousted in its first direct appeal to shareholders.

Market Report: Shire fizzes higher on Pfizer bid speculation

The pharmaceuticals company Shire, a perennial target of takeover talk, was buoyed by renewed bid speculation yesterday. The US drugs giant Pfizer was reported to be considering a £13-per- share offer for its smaller British peer. Investors were excited and Shire's stock soared to an early intra-day high of 1,035p – an increase of 92p, or almost 10 per cent, on Thursday's closing price.

Drug giant Pfizer tries to force medical journal to reveal anonymous sources

A multinational drugs company is trying to force a medical science journal to reveal the confidential statements made by the journal's expert reviewers in a test case that could undermine one of the central tenets of the scientific process.

Anti-smoking drug linked to suicides given NHS approval

The anti-smoking drug Champix should be offered to smokers who want to kick the habit despite fears that it is linked to suicides, according to the Government's health watchdog.

The Investment Column: The sell-off in Speedy Hire has been overdone

Low & Bonar; Phytopharm
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Wilko Johnson, now the bad news: musician splits with manager after police investigate assault claims

Wilko Johnson, now the bad news

Former Dr Feelgood splits with manager after police investigate assault claims
Mark Udall: The Democrat Senator with a fight on his hands ahead of the US midterm elections

Mark Udall: The Democrat Senator with a fight on his hands

The Senator for Colorado is for gay rights, for abortion rights – and in the Republicans’ sights as they threaten to take control of the Senate next month
New discoveries show more contact between far-flung prehistoric humans than had been thought

New discoveries show more contact between far-flung prehistoric humans than had been thought

Evidence found of contact between Easter Islanders and South America
Cerys Matthews reveals how her uncle taped 150 interviews for a biography of Dylan Thomas

Cerys Matthews on Dylan Thomas

The singer reveals how her uncle taped 150 interviews for a biography of the famous Welsh poet
DIY is not fun and we've finally realised this as a nation

Homebase closures: 'DIY is not fun'

Homebase has announced the closure of one in four of its stores. Nick Harding, who never did know his awl from his elbow, is glad to see the back of DIY
The Battle of the Five Armies: Air New Zealand releases new Hobbit-inspired in-flight video

Air New Zealand's wizard in-flight video

The airline has released a new Hobbit-inspired clip dubbed "The most epic safety video ever made"
Pumpkin spice is the flavour of the month - but can you stomach the sweetness?

Pumpkin spice is the flavour of the month

The combination of cinnamon, clove, nutmeg (and no actual pumpkin), now flavours everything from lattes to cream cheese in the US
11 best sonic skincare brushes

11 best sonic skincare brushes

Forget the flannel - take skincare to the next level by using your favourite cleanser with a sonic facial brush
Paul Scholes column: I'm not worried about Manchester United's defence - Chelsea test can be the making of Phil Jones and Marcos Rojo

Paul Scholes column

I'm not worried about Manchester United's defence - Chelsea test can be the making of Jones and Rojo
Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

While other sports are stalked by corruption, we are an easy target for the critics
Jamie Roberts exclusive interview: 'I'm a man of my word – I'll stay in Paris'

Jamie Roberts: 'I'm a man of my word – I'll stay in Paris'

Wales centre says he’s not coming home but is looking to establish himself at Racing Métro
How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?

A crime that reveals London's dark heart

How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?
Meet 'Porridge' and 'Vampire': Chinese state TV is offering advice for citizens picking a Western moniker

Lost in translation: Western monikers

Chinese state TV is offering advice for citizens picking a Western moniker. Simon Usborne, who met a 'Porridge' and a 'Vampire' while in China, can see the problem
Handy hacks that make life easier: New book reveals how to rid your inbox of spam, protect your passwords and amplify your iPhone

Handy hacks that make life easier

New book reveals how to rid your email inbox of spam, protect your passwords and amplify your iPhone with a loo-roll
KidZania lets children try their hands at being a firefighter, doctor or factory worker for the day

KidZania: It's a small world

The new 'educational entertainment experience' in London's Shepherd's Bush will allow children to try out the jobs that are usually undertaken by adults, including firefighter, doctor or factory worker