SYDNEY, March 23--AsiaNet/InfoQuest
BIOWA LICENCES...
PRINCETON: BioWa announced that it has successfully licensed
from Kyowa Hakko Kogyo Co., Ltd., its parent company, the
exclusive worldwide rights, except Asia, to develop and
commercialize anti IL-5 receptor antibody, a potential new
asthma treatment.
http://www.biowa.com
PREMIER PARTNER...
PONTE VEDRA BEACH: The PGA TOUR and Custom House Global
Foreign Exchange announced that Custom House has been named a
premier partner of the PGA TOUR. Custom House will develop a
relationship building platform at select PGA TOUR events in
strategic markets. Custom House will also use various TOUR
media opportunities to reach its target audience.
www.pgatour.com
www.customhouse.com
LAWSUIT FILED...
MILPITAS: Linear Technology Corporation, a world-leading
provider of high-performance linear and analog integrated
circuits, has filed a lawsuit in the U.S. District Court for
the Central District of California against Semtech Corporation
based on copyright infringement, false advertising and unfair
competition.
http://www.linear.com
http://www.semtech.com
TARKETT SPORTS...
FRANKENTHAL: In 2004, Tarkett Sports and FieldTurf came to
an historical agreement. FieldTurf has obtained numerous
patents protecting the manufacturing, distribution and
installation of synthetic turf worldwide. Granted in the US,
Canada and the UK, these patents protect the whole new
generation synthetic turf system. Tarkett Sports will launch
several judicial proceedings in the coming months in order to
protect these patents.
ACQUISITION COMPLETED...
ANDERSON: Remy International, Inc., announced that it has
completed its acquisition of the assets of Unit Parts Company,
based in Oklahoma City. Unit Parts is a major supplier to the
automotive aftermarket for new and remanufactured starters and
alternators, offering custom branding, packaging and logistics
solutions as well as complete engineering and support
services.
http://www.remyinc.com
FANNIE MAE...
WASHINGTON, D.C.: Fannie Mae will redeem the principal
amount of MTN securities issues amounting to a total of US$30
million on April 1, 2005 at a redemption price equal to 100 per
cent of the principal amount redeemed plus accrued interest.
http://www.fanniemae.com
BATTERY BUSINESS...
MILWAUKEE: Johnson Controls, Inc. announced that it had
signed a non-binding letter of intent to acquire Delphi
Corporation's global automotive battery business for
approximately $212.5 million, subject to adjustments.
Additionally, in conjunction with the acquisition, Johnson
Controls anticipates receiving a global long-term contract to
supply General Motors with original equipment batteries.
http://www.johnsoncontrols.com
MANAGEMENT CHANGES...
HAMILTON: The Board of Directors of W.P. Stewart & Co., Ltd.
announced the following management changes, effective May 1,
2005. The appointment of Henry B. Smith, to the newly created
position of President and Chief Executive Officer of the
Company. The appointment of Rocco Macri, to the position of
Managing Director and Chief Operating Officer. The appointment
of Susan Leber, to the position of Deputy Managing Director -
Chief Financial Officer.
http://www.wpstewart.com
CARDIOVASCULAR DISEASE...
BRUSSELS: The metabolic syndrome is a cluster of the most
dangerous heart attack risk factors: diabetes and pre-diabetes,
abdominal obesity, high cholesterol and high blood pressure.
Earlier diagnosis is needed to stop this global time bomb. The
new International Diabetes Federation Worldwide Definition of
the Metabolic Syndrome provides physicians with the tools to
quickly identify those at risk and also to compare the impact
across nations and ethnic groups.
http://www.idf.org/webcast
http://www.kenes.com/prediabetes
MINORITY OWNERSHIP...
QINGZHOU CITY: Caterpillar Inc. Chairman and CEO James W.
Owens finalized the acquisition of minority ownership in
Shandong SEM Machinery Co., Ltd. (SEM), one of China's leading
wheel loader manufacturers. Owens' announcement marks the
conclusion of more than a year of negotiations aimed at
leveraging SEM's expertise, product quality and market position
to expand Caterpillar's presence in China.
http://www.cat.com
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