If investors are fretting, it could be because Salix shareholders will be on the hook for taxes they weren't expecting to pay. The company notes in its securities filings that the conversion of Salix stock into Salix plc stock is considered a taxable event, meaning all Salix shareholders will owe taxes when the deal closes even if they don't sell their shares. Learn more about the deal.
The Federal Trade Commission is suing Amazon over charges that the company has not done enough to prevent children from making unauthorized in-app purchases, according to a complaint filed Thursday in federal court.
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The clinical hold follows Regado's July 2 announcement that it would voluntarily stop its trial of Revolixys Kit after the Data Safety Monitoring Board started an unplanned review of the data from the study.
Chinese hackers broke into the computer networks of the U.S. Office of Personnel Management earlier this year with the intention of accessing the files of tens of thousands of federal employees who had applied for top-secret security clearances, according to The New York Times.
The extended deadline for signing up to present at SEBIO closes at 11:59 p.m. Friday, July 11. If your company is among those subsequently picked by a panel of judges, you'll have a chance to determine if the "price is right" from interested investors at the Forum when it's held November 11 to 13 at the W Hotel Midtown Atlanta.
A two-year slump in personal computer sales ended in the second quarter, helped by improving demand in developed markets like North America and Europe.
Several Triangle business leaders, including SAS CEO Jim Goodnight, participated in the National Day of Action on Wednesday, as groups nationwide called on Congress to push forward on stalled immigration reform measures.
What are the key issues to teach people if they want to launch a startup that is successful? From classrooms to the real world, entrepreneurs of all ages need help in learning how. WRAL TechWire Insider Joe Procopio, a veteran of several startups himself, offers advice on what can be done to strengthen startup education in the second of a two-part report.
Miles to a Cure was chosen from among 1,300 proposals. The Lumberton nonprofit gets a pair of Google Glasses and a $25,000 grant plus support from developers.
Salix Pharmaceuticals (NASDAQ:SLXP) is merging with a subsidiary of Italian drug company Cosmo Pharmaceuticals in a deal that brings Salix new drug products and also reduces the Raleigh company's taxes.
Medical diagnostics company bioMerieux is expanding manufacturing at its U.S. headquarters in Durham with a $48 million project expected to add 44 new jobs at the facility.
A government scientist cleaning out an old storage room at a research center near Washington made a startling discovery last week - decades-old vials of smallpox packed away and forgotten in a cardboard box.
Apple expects to invest $55 million to develop the 100-acre, 17.5 megawatt solar farm, which would become Apple's third solar farm in Catwaba County.
The car service Uber has agreed to limit prices during emergencies, natural disasters or other unusual market disruptions consistent with New York's law against price gouging, the company and state attorney general said Tuesday.
TechLaw: Rising federal estate tax exemptions are providing you an opportunity to reconsider your existing trusts to determine whether a trust termination may provide an income tax benefit to your trusts' ultimate beneficiaries.
New technologies including wearable monitors will offer up an abundance of new information - big data - that will transform how patients view and even participate in their own care health care, a Duke study says.