r&d

The move come as a part of its restructuring following its merger with Scherin-Plough and is expected to spare 486 jobs in that country.

Merck shares are down 0.33%.

Shares of Merck & Co. (MRK) are down after Reuters reported that the drugmaker's Dutch unit said it would keep about half of the research and development jobs. Last year, Merck said it would close three research sites in the N

The ruling is a huge win for the American aerospace giant, and a blow to its archrival EADS, the parent company of Airbus.

J. Michael Luttig, Boeing executive vice president and general counsel, said, "This WTO ruling shatters the convenient myth that European governments must illegally subsidize Airbus to counter U.S. government assistance to Boeing.

The World Trade Organization ruled Thursday that Boeing Co (NYSE:BA) has received about $2.7 billion in illegal subsidies from the federal government over the last several decades.

Under the terms of the agreement, WD will acquire Hitachi GST for $3.5 billion in cash and 25 million WD common shares valued at $750 million.

Western Digital (NYSE:WDC) and Hitachi, Ltd. (NYSE:HIT) announced today that they have entered into a definitive agreement whereby WD will acquire Hitachi Global Storage Technologies, a wholly-owned subsidiary of Hitachi, Ltd., in

According to the company, it will respect the decision of the SBA although it is disappointed with the ruling.

SIGA Technologies (SIGA) says the Small Business Administration (SBA) Office of Hearings and Appeals affirmed the ruling of the SBA Area Office regarding SIGA's submission in response to a Request for Proposal from the Biomedical