Wochhardt sells its German arm to Mova GmbH

Lindopharm, WockhardtPharmaceutical and biotechnology major Wockhardt Ltd has sold its German subsidiary Esparma to Mova GmbH, a subsidiary of German drug major Lindopharm, for undisclosed amount.

It should be noted that Wockhardt had acquired the Esparma business in May 2004 for $11 million (Rs 50 crore) to enter the German market.

Esparma has a portfolio of 135 marketing authorizations, of which 67 are in Germany, according to the Wockhardt website. The company has 9 international patents and 94 trademarks.

German Terrorism suspects make extensive confessions

German Terrorism suspects make extensive confessionsDusseldorf - Four men on trial in Germany for a terrorist bomb plot have started making extensive confessions, their defence lawyer said on Thursday.

Federal Criminal Police officers had begun hearings on Tuesday, in the prisons where the men were being held, said defence lawyer Axel Nagler, adding that "the statements are very extensive."

German police arrested the plotters in September 2007 after they bought chemicals, allegedly to blow up US bases on behalf of the Islamic Jihad Union (IJU), a shadowy group said to be as dangerous as al-Qaeda.

Hong Kong's most famous gangster in court on warder assault charge

Hong Kong's most famous gangster in court on warder assault chargeHong Kong - Hong Kong's most famous gangster, who is paralysed and confined to a wheelchair, appeared in court Thursday charged with assaulting a prison warder.

Yip Kai-foon, 47, serving a 36-year jail term for robbing jewellery shops with an AK-47 rifle in the 1980s and 1990s, is accused of injuring the officer on April 30.

Yip, nicknamed "King of Thieves" and once Hong Kong's most feared gangster, appeared in court in a special bed and refused a lawyer.

BA pilots in line for pay cut to help airline's finances

BA pilots in line for pay cut to help airline's financesLondon - British Airways (BA) pilots are on course to accept a pay cut in return for shares in a "groundbreaking deal" aimed at bolstering the finances of the troubled airline, it was announced Thursday.

The pilots' union Balpa (British Airline Pilots Association) said it was recommending a pay and productivity package aimed at saving the firm 26 millions pounds (42 million dollars) annually over the next to years.

Flintoff says Harmison should be included in Ashes squad

Andrew FlintoffLancashire (UK), June 18 : All-rounder Andrew Flintoff believes that the selectors will be making a big mistake if they do not include fast bowler Steve Harmison in the Ashes squad.

Harmison has taken 15 wickets for 132 runs in his last two county championship matches for Durham, and Flintoff said: "He was close to unplayable."

Harmison stormed up the Test bowling charts to No. 1 in 2004, but has been downgraded to common assault since his widest-of-wides at Brisbane in November 2006 became a horrible prologue to England''s 5-0 whitewash in Oz.

Cama Motors to expand its retail outlets to 50, by this fiscal

Cama MotorsCarz Spa, a division of M/s Fortune Multiple Services Pvt. Ltd, plans to expand its retail network by taking the total number of outlets to 50 by end of the financial year 2009-10.

Carz Spa, a Surat based company, is a car professional detailing Centre, dedicated to Automobile Beautification and Preservation.

The company has short-listed some cities names including, Bangalore, Chennai, Hyderabad, Delhi, Ludhiana, Ghaziabad, Cochin and Calicut, for expansion.

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