By Kane Wu and Yantoultra Ngui HONG KONG (Reuters) – Private equity firms Boyu Capital, Hillhouse Capital and BPEA EQT are among bidders vying for Longreach Group’s Hong Kong-based medical device maker Quasar, three people with knowledge of the matter said. Longreach, an Asia-focused private equity firm, is targeting a valuation of as much as…
BOGOTA (Reuters) – Colombia’s Gilinski Group signed a Memorandum of Understanding (MoU) to exit its stake in the country’s largest investment firm, Grupo Sura and take a controlling stake in food producer Nutresa , the companies said on Wednesday. The conglomerate, owned by Jaime Gilinski, one of Colombia’s richest men, had over the past year…
(Reuters) -The U.S. Federal Trade Commission (FTC) is probing whether Abbott Laboratories and other companies that make baby formula colluded in bidding on state contracts, according to a document posted on the agency’s website. The FTC is looking into whether the companies “engaged in collusion or coordination with any other market participant regarding the bidding,”…
(Reuters) – U.S. companies borrowed nearly 8% less in April than last year to finance equipment investments, industry body Equipment Leasing and Finance Association (ELFA) said on Wednesday. The companies signed up for new loans, leases and lines of credit worth $9.7 billion last month, compared with $10.5 billion a year earlier. “It is not…
By Nidal al-Mughrabi GAZA (Reuters) -Whenever a door slams, 10 year-old Bissan al-Mansi mistakes it for a bomb dropping. More than a week has passed since the latest round of fighting with Israel in Gaza but al-Mansi says she still has nightmares. Local psychiatrists said al-Mansi’s symptoms were common among many children living in the…
LONDON (Reuters) -The World Health Organization assembly passed a motion on Wednesday condemning Russia’s aggression against Ukraine, including attacks on healthcare facilities. The motion passed by 80 votes to 9, with 52 abstentions and 36 countries absent. The Western-led motion, put forward at the U.N. agency’s annual meeting, also called for an assessment of the…
By Sharon Bernstein and Julia Harte (Reuters) – South Carolina lawmakers on Tuesday passed a ban on most abortions after fetal cardiac activity begins, around six weeks. The hotly contested bill, which Republican Governor Henry McMaster is expected to sign, passed mostly along party lines, with the notable exception of the state senate’s five women…
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt Purdue Pharma received a U.S. judge’s permission on Tuesday to sell its consumer health business for $397 million to a subsidiary of Arcadia Consumer Healthcare. U.S. Bankruptcy Judge Sean Lane approved Purdue’s sale of Avrio Health at a hearing in White Plains, New York, allowing Purdue to…
By Daniel Wiessner (Reuters) – Lawyers for abortion pill maker GenBioPro Inc on Tuesday urged a West Virginia federal judge to allow them to proceed with their challenge to the state’s near-total abortion ban, claiming it is invalid because it interferes with the federal government’s approval of mifepristone. U.S. District Judge Robert Chambers at a…
By David Shepardson WASHINGTON (Reuters) -The Justice Department on Tuesday asked an appeals court panel to vacate an April 2021 ruling that had declared unlawful a government order requiring masks on airplanes and other transportation modes during the COVID-19 pandemic, saying the issue was now moot because the national emergency was now over. In January,…
