Economy news

KaloBios Pharmaceuticals Files for Bankruptcy

KaloBios Pharmaceuticals Files for Bankruptcy

KaloBios Pharmaceuticals, which was rescued by Martin Shkreli last month from liquidation, has filed for bankruptcy after the CEO was arrested and knocked the brief revival of the biotech company off course. KaloBios filed for reorganization under Chapter 11 Tuesday according to an official statement on the U.S. Bankruptcy Court […]

Diebold Bids $1.8 Billion For Wincor Nixdorf (NYSE:DBD)

Diebold Bids $1.8 Billion For Wincor Nixdorf (NYSE:DBD)

Diebold has announced plans to acquire Wincor Nixdorf for about $1.8 billion in a cash-and-share deal. The American maker of automated teller machines and financial software offered the deal, including debt, on Monday. Wincor Nixdorf is a German provider of information technology services to the financial industry and retailers. The […]