Monthly Archives: March 2010

Biofuel for planes may take off within 10 years

Within a decade, passenger planes will be flying on jet fuel largely made from plants — flax, marsh grass, even food waste — as airlines seek to break away from the ... Read More

Baxter to buy British firm ApaTech for $330M

Specialty drug and medical device maker Baxter International Inc. said Monday it will spend up to $330 million to acquire ApaTech, a privately held British concern that makes bone and soft ... Read More

BAE wins weapons contracts

Just days after losing a large contract to supply armored vehicles for the British army, BAE Systems PLC on Friday announced two weapons deals that in the long term could be ... Read More

AIG sells Alico unit to MetLife for $15.5 billion

American International Group will sell a second overseas life and health insurance unit for $15.5 billion to MetLife Inc. in an ongoing bid to repay billions in government aid. It was ... Read More

Abbott to buy Facet Biotech

Abbott Laboratories announced late Tuesday that it had agreed to buy Facet Biotech for a net price of $450 million in cash, in a move aimed at expanding its drug pipeline, ... Read More

3M to buy Canadian aerospace products company

Manufacturing conglomerate 3M Co. said Monday it has agreed to acquire MTI PolyFab Inc., a Canadian manufacturer of noise and vibration reduction technology for airplanes. MTI said the acquisition price is ... Read More