Piramal Healthcare acquires US firm for $40 mn

MUMBAI - Indian pharma major Piramal Healthcare will acquire Minrad Inernational Inc of the US for approximately $40 million, a top company official said here Tuesday.

Michael Jackson needs lung transplant

LOS ANGELES - Former pop idol Michael Jackson is fighting for his life and will die if he does not receive a lung transplant, his biographer has told US gossip magazine In Touch.

US court agrees to partial sale of Lehman Brothers

NEW YORK - A US bankruptcy court approved the sale of investment bank Lehman Brothers’ investment-management division Neuberger Berman, media reports said.