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  • ( ) Deal of the Day

    Under Hong Kong regulations, it was also obliged to make a general offer to buy out remaining shareholders, which it said could cost up to $6 billion HK ($769,000 US), giving China Oriental an implied valuation of up to $22.33 billion HK ($2.86 billion).

    . More>>

  • ( ) Interview with Dr. Paul Bonnabel, chairman and CEO of Boehringer ...

    Shanghai. June 13. INTERFAX-CHINA - Boehringer Ingelheim is a privately-held drug multinational company, ranking fifteenth in the world among other pharmaceutical companies. Last year, worldwide sales reached 10.6 billion euros.

    Boehringer Ingelheim set up its first China branch in 1994, and now has over 600 employees.

    Last Friday, Interfax spoke with Dr. Paul Bonnabel, Chairman & CEO of Boehringer Ingelheim China regarding recent company developments and its future plans in the development of China's pharmaceutical industry.

    Interfax: What are the growth rates of Boehringer Ingelheim China? Is it higher or lower than the global sales rate?

    Bonnabel: Generally speaking, if we look at this year, we are growing very fast and at a higher rate than our global sales. More>>

  • ( ) Pioneer Helped Merrill Move Into CDOs

    Merrill Lynch & Co. is reeling after a giant write-down in mortgage-related securities. But the job-hopping executive who made the firm a leader in this once-hot, now-troubled arena has moved on.

    From 2003 to early 2006, Christopher Ricciardi helped transform Merrill from bit player to powerhouse in the lucrative business of bundling loans into salable securities. But the value of many of the securities, known as collateralized debt obligations, or CDOs, has tanked this summer and fall amid rising mortgage delinquencies.

    Mr. Ricciardi liked to be called the grandfather of CDOs. Long before joining Merrill, he helped push Wall Street ...

    . More>>

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