BERLIN, April 11 Reuters Germany39;s BASF said on Thursday that it has begun the layoff process at its Harjavalta site in Finland after facing permitting issues from the relevant authorities. The socalled change negotiations, a required process in Finland if an employer is considering layoffs, will begin on Monday and last for six weeks, according to […]

Reuters Vertex Pharmaceuticals will buy Alpine Immune Sciences for about 4.9 billion in cash, gaining access to the biotech firm39;s treatment for an autoimmune disease of the kidney, the companies said on Wednesday. The deal values each share of Alpine at 65, representing a premium of about 67 to the stock39;s close on Tuesday, a day before […]

ZURICH, April 11 Reuters UBS could take years to feel the bite of new regulations after the Swiss government set out plans aimed at keeping the monster bank in line that were light on detail and heralded a tortuous political process to enshrine them in law. Shares in the Zurichbased lender took a knock on Wednesday […]

April 11 Reuters French advertising group Publicis on Thursday reported betterthanexpected organic revenue growth in the first quarter, helped by its Epsilon and Publicis Media businesses, cementing its outlier status in an otherwise sluggish sector. The world39;s largest advertising group by market value also attributed its quarterly performance to the recent acquisitions of AKA Asia in […]

PARIS, April 11 Reuters French luxury group Kering on Thursday named former Louis Vuitton and Prada communications executive Stefano Cantino as deputy CEO of Gucci to help steer a revival of the Italian label. Cantino, who will start on May 2, will report to JeanFrançois Palus, Gucci39;s President and CEO, the statement said. In this newly […]