The 2020 Mid-Year Economic Update_long

Day: August 29, 2007

Air Liquide Continues to Invest in Asia

Air Liquide Electronics continues to expand in Asia -specifically China, Vietnam and Singapore. From the start of 2007, the company has invested 50 million euros (US$68.3 million) in the region.
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In China, Air Liquide has signed a 15-year contract with SMIC (Semiconductor Manufacturing International Corporation, the largest and most advanced foundry in China) to supply on-site bulk carrier gases to their future Fab in the Wuhan East Lake high tech development zone.
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In Singapore, Singapore Oxygen Air Liquide Pte Ltd will provide another Total Gas and Chemical Management operations, starting September 2007, for the new 300-mm fab of the world first silicon-on-insulator manufacturer Soitec, at Pasir Wafer Fab Park, on the eastern part of the island. SOXAL will ...

Judge Certifies Class-Action Against McKesson in Pricing Battle

A U.S. District judge certified a class-action lawsuit Tuesday against pharmaceutical distributor McKesson Corp., San Francisco, CA, in a legal battle over drug pricing, according to law firm Hagen Berman.
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The suit, originally filed in U.S. District Court in Boston, MA, in October 2006 on behalf of consumers and third-party payers, alleges that McKesson -one of the largest pharmaceutical distributors in North America -entered into a secret agreement to artificially inflate the reported average wholesale price of thousands of drugs, a benchmark used by Medicaid and insurance plans to determine payment to pharmacies.
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In her ruling, Judge Patti Saris certified the case as a class action representing millions of healthcare consumers who made co-payments on what ...

HD Supply – Deal or Yes Deal!

The weeks leading up to closing the deal on HD Supply has all the stuff for some kind of bizarre reality TV show that would even trump the Donald. The 18-percent reduction in the final price tag for HD Supply raises potential flags for distributors on a number of levels. Let's explore a few.
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All three panelists at our Distribution M & A audio conference in May agreed that the M & A market was even hotter in 2007 than the year before, but that we might be nearing the end of a strong ride. Did the bell just ring? That large a discount reflects a combination of factors; the easy ones are the downturn in residential construction and the credit crunch. There were a number of internal factors that we won't know ...