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Business News

Delta Dental acquires Fla. eyecare firm

Delta Dental of Missouri has acquired Advantica EyeCare, a Clearwater, Fla.-based vision benefits provider with 2.4 million members nationwide and annual revenue in excess of $46 million. Financial terms weren’t closed. ... Read More

Astra pays up to $1.2 billion for arthritis drug

AstraZeneca waded into the competitive rheumatoid arthritis market on Tuesday by buying rights to Rigel Pharmaceuticals‘ next-generation drug R788 for up to $1.245 billion, Reuters reported. The deal is a big ... Read More

Norway’s Yara to buy Terra Industries for $4.1B

Norwegian fertilizer company Yara International ASA said Monday it has agreed to acquire U.S. competitor Terra Industries Inc. for $4.1 billion. Yara said it would pay $41.10 per share of Terra ... Read More

Mitsubishi Heavy may build U.S. wind turbine plant

Mitsubishi Heavy Industries Ltd said on Monday it is considering building a wind turbine plant in the United States, and will a make final decision after seeing how demand recovers. Mitsubishi ... Read More

Kia to introduce hybrid to U.S. market in 2010

Kia announced on Feb. 10 its plans to introduce its first hybrid vehicle to the U.S. “It will be here before the end of the year and will be available to ... Read More

Biovail, Alexza develop inhaled mental health treatment

An inhaled mental health drug could appear on the market in the near future under a collaboration announced Wednesday by Biovail Corp. and Alexza Pharmaceuticals. Biovail subsidiary Biovail Labs International SRL ... Read More

SunPower to acquire SunRay for $227 million

U.S. solar-panel manufacturer SunPower has signed an agreement to acquire SunRay Renewable Energy and its existing solar projects for $277 million, both companies announced Thursday. The maker of high-efficiency solar panels ... Read More

Micron buys Numonyx for $1.27 billion

Micron Technology announced late Tuesday that it was acquiring Numonyx Holdings in an all-stock deal worth about $1.27 billion, a move that may help it challenge Samsung and Toshiba. Numonyx, formed ... Read More

LaBarge wins $1M missile warning system contract

LaBarge Inc. has landed contracts valued at $1 million from London-based BAE Systems to make circuit card assemblies for missile warning systems. LaBarge Inc. has landed contracts valued at $1 million ... Read More

Divergence wins $500,000 in grants for crop parasite work

St. Louis biotech firm Divergence Inc. said Tuesday it received two Small Business Innovation Research grants totaling $500,000, along with renewed funding from the National Corn Growers Association, to support its ... Read More