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McDonald’s Corp. (NYSE:MCD): The Chinese economy appears to have strengthened during the last quarter, says Bloomberg, citing independent research firm data. Some 2,000 interviews of company executives and banks have indicated to CBB International that Chinese retailers think that sales should rebound in six months, and that banks expect to make more loans in the second quarter.
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Microsoft Corporation (NASDAQ:MSFT) has reached an asset purchase agreement with Edgewater Technology’s (NASDAQ:EDGW) wholly-owned subsidiary Edgewater Fullscope, under which the former will acquire the latter’s Process Industries 2 software and intellectual property for a total price of $3.25 million. As part of the terms, Microsoft will engage Edgewater Fullscope in added development and training services during the joining of the module into Microsoft Dynamics AX, which is Microsoft’s ERP solution for enterprises. Hal Howard, corporate VP for Microsoft Dynamics Research and Development, commented that, “Including these capabilities will enable our partners worldwide to deliver standardized industry solutions faster, while giving our customers a packaged solution to meet specific needs of the process manufacturing industry.”
Pfizer Inc. (NYSE:PFE) is granting exclusive development and marketing rights to SatRx for their DPP-IVi compound, PF-00734200, for type 2 diabetes, according to ChemRar Hi-Tech Centre. The license was signed June 23rd during the St. Petersburg Economic Forum, and under its terms Pfizer granted exclusive worldwide rights (ex-China) for development and commercialization of PF-00734200 as monotherapy or in combination with certain others. In addition, Pfizer will receive royalties and milestone payments based on commercialization activities.
Verizon Communications Inc. (NYSE:VZ) and top aluminum supplier Hydro, have reached an arrangement through which Verizon will deliver a managed worldwide area network with integrated security and remote access solutions, an integrated partner firewall which allows third-party access to select business solutions, plus full professional service support. Network and security monitoring is currently offered on an east-to-west schedule from Verizon’s global network and security operations centers in Dortmund; Singapore; Ashburn, Va.; and Sao Paolo. Also, the agreement covers the transition of services from the existing provider as well as three years of operation.
Exxon Mobil Corp. (NYSE:XOM) is considering a bid on a modest oil concession in the Northern Afghanistan.
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