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GlaxoSmithKline PLC said Wednesday that Human Genome Sciences Inc. will need to drop a "poison pill" provision for the takeover of the Rockville biotech to move forward.
Human Genome Sciences is GlaxoSmithKline’s partner in developing and marketing the lupus drug Benlysta, which launched last year to lackluster results. The British pharmaceutical in April first sought to scoop up Human Genome Sciences for $2.6 billion, or $13 per share, in a deal the local company rejected as too low.
Glaxo...
Sacramento has one of the top city park systems, according to a new study.
The Trust for Public Land’s ParkScore study ranks parks based on park access within a 10-minute walk; median park size and percentage of area devoted to parks and services and investment, which includes number of playgrounds per residents and parks spending.
Sacramento was ranked at No. 2 out of 40 major cities, below top-rated San Francisco.
Also in the top five: Boston and New York in a tie at No. 3, and Washington...
A federal jury ruled Wednesday that Google Inc. did not infringe on two patents as claimed by Oracle Corp.
The jury previously found that Google infringed on Oracle's copyrights of Java and some of its application programming interfaces, but did not say whether Google had gone beyond the bounds of fair use, a matter that Judge William Alsup has yet to tackle.
CNN has more.
Despite shifts during the past year, H&R Block Inc. CEO Bill Cobb says the company has made strides.
During a speech at The Central Exchange in Kansas City on Wednesday, Cobb discussed some of the strategies he’s used at H&R Block (NYSE: HRB) and offered advice about business leadership.
One key shift of late was H&R Block’s April announcement that it would cut 350 jobs and close about 200 offices. However, Cobb said the past year has brought stability to the Kansas City-based tax preparer’s...
Though not all of its 16 rides will be operating, the Galveston Pleasure Pier will open on Memorial Day weekend as scheduled.
After an all-out assault by hordes of construction workers during the past three weeks, the $60 million attraction built by Landry’s Inc. will open at 10 a.m. on May 25.
The amusement park that stretches out into the Gulf of Mexico from the Seawall at 25th Street will be open from May 25 through June 7 for what Landry’s officials described in a statement as a "sneak...
Dell Inc.'s stock continued to drop Wednesday, closing down 17 percent. It was also trading down after hours.
The Round Rock, Texas-based company (NASDAQ:DELL) on Tuesday reported first quarter earnings. The company has a local campus in Santa Clara.T
The company reported revenue for the quarter of $14.4 billion, or a 4 percent decrease from the previous year. It had net income of $824 million, or 36 cents per share, compared to $945 million, or 49 cents per share in the same period a year ago....
Nashville-based ProImage Facility Services, a janitorial services company, has named Michael Rose as its new president.
The following are excerpt for today’s announcement:
In his new role, Rose will oversee all aspects of the company’s management and operations. Rose was previously vice president of operations at the company, which he joined in April 2010. "Michael has excelled during his tenure at ProImage, and he’s an ideal fit for the role of president," said Ferdowsi. "ProImage...
The Houston Business Journal continued its week of Celebrate Enterprise events Wednesday morning with the Fast-Forward Forecast event.
As the energy industry keeps the city buoyed over national problems, plenty of outside forces could bowl over the private sector’s recent successes, the panelists said.
Around 100 business leaders attended the breakfast event at the George R. Brown Convention Center.
Click on the image at right for a slideshow of the Fast-Forward Forecast attendees.
Celebrate...
Memphis Mayor A C Wharton and Shelby County Mayor Mark Luttrell held a joint luncheon to mark the end of the five-year Memphis Fast Forward plan at the Memphis Hilton today.
The Memphis Fast Forward agenda was a collaborative effort between private partners and the Memphis and Shelby County government creating a four-point plan for addressing several key issues. The Fast Forward portfolio did not lack for ambition, attempting to improve education through the People First initiative, job creation...
San Antonio remains bright spot in country’s housing sector, studies findWed, 23 May 2012 19:58:33 +0000
Across the board, San Antonio’s housing market showed impressive gains in April, according to the latest analysis by the San Antonio Board of Realtors (SABOR).
Meanwhile, the latest nationwide study by Oxford, Miss.-based real-estate information technology company FNC Inc. is shining a spotlight on the San Antonio housing market as well.
At the end of April, the average price for a home in greater San Antonio stood at $193,560 — marking an 8 percent increase from the average price of $179,820...