In the Region
Kenexa delays meeting
Kenexa Corp., of Wayne, has rescheduled a special shareholders meeting in connection with its acquisition by International Business Machines Corp. to Dec. 3 from Nov. 29. The switch is tied to the recent settlement of litigation over IBM's pending purchase of Kenexa, a developer of human resources software, for $1.3 billion. - Inquirer staff
Vodka distiller hires adviser
Central European Distribution Corp., the Mount Laurel company with major distilling operations in Poland and Russia, said it had retained Houlihan Lokey Capital Inc. as a financial adviser. The move comes after the company's largest shareholder, Russian billionaire Roustam Tariko, said earlier this month he was no longer obligated to repay the distiller's debt after Central European restated its financial results. - Inquirer staff
Ranbaxy recalls Lipitor copy
Ranbaxy Pharmaceuticals Inc. said Friday it was recalling some bottles of its generic version of the cholesterol medicine Lipitor, the chemical name of which is atorvastatin calcium. Some bottles being recalled might contain "small glass particles," according to a statement on the company website. Ranbaxy, an Indian drugmaker with U.S. headquarters in Princeton, said the recall involved 90- and 500-count bottles in the 10mg, 20mg, and 40mg dosage. The recalled lot numbers, which are printed on the package label, can be found on www.ranbaxyusa.com. - David Sell
Elsewhere
Steelmaker wants French site
ArcelorMittal said the sale of its entire operations in Florange in northwestern France near the Luxembourg border as suggested by two French ministers would threaten the rest of its business in the country. "Any sale of the cold phase [of the steelmaking operations] in Florange would jeopardize the viability of the rest of ArcelorMittal's operations in France, which employ 20,000 people," the company said. ArcelorMittal has operations in Coatesville and Conshohocken. - Bloomberg News
Crude oil climbs above $88
Oil capped its biggest weekly gain in more than a month following concerns over a cease-fire in Gaza. Crude oil for January delivery rose 90 cents to $88.28 a barrel on the New York Mercantile Exchange, its highest since Nov. 6. - Bloomberg News