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Shanghai Pharma bids for US Cardinal Healths China business

Shanghai Pharma bids for U.S. Cardinal Health's China businessBy Julie Zhu HONG KONG (Reuters) - Shanghai Pharmaceuticals Holding Co has bid for Cardinal Health Inc's China business as the U.S. company looks to sell ahead of China's planned drug distribution reform. Shanghai Pharma submitted two non-binding bids to buy Cardinal Health China, one of the country's largest drug distributors, on July 21 and Sept. 15, it said in a filing with the Shanghai stock exchange on Wednesday. Reuters first reported in July that Cardinal Health had put its China business up for sale in a deal that could fetch between $1.2 billion and $1.5 billion.


Read more: https://www.yahoo.com/news/shanghai-pharma-says-bid-u-cardinal-healths-china-104625231--finance.html

Chinas Xi lays out vision for new era led by still stronger Communist Party

China's Xi lays out vision for 'new era' led by 'still stronger' Communist PartyBy Christian Shepherd and Stella Qiu BEIJING (Reuters) - Chinese President Xi Jinping on Wednesday laid out a confident vision for a more prosperous nation and its role in the world, stressing the importance of wiping out corruption and curbing industrial overcapacity, income inequality and pollution. Opening a critical Communist Party congress, Xi pledged to build a "modern socialist country" for a "new era" that will be proudly Chinese and steadfastly ruled by the party but open to the world. Although his wide-ranging address made clear there were no plans for political reform, Xi said China's development had entered a "new era", using the phrase 36 times in a speech that ran nearly 3-1/2 hours.


Read more: https://www.yahoo.com/news/china-president-xi-begins-speech-party-congress-013435344--business.html

Wanted man turns himself in after losing Facebook bet with police  

Wanted man turns himself in after losing Facebook bet with police  A wanted Michigan man has turned himself in after losing a bet he made with police on Facebook. Michael Zaydel had promised to give himself up to police if a Facebook post about an existing arrest warrant received more than 1,000 shares. The cocky 21-year-old even promised to bring Redford Township Police Department (RTPD) officers a dozen doughnuts if they were victorious in the challenge. “I’m not worried about it,” he wrote. “If your next post gets 1,000 shares I’ll turn myself in with a dozen doughnuts and that’s a promise. “And I’ll pick up every piece of litter around your public schools.” In a follow-up post, the department said he “may or may not be a man of his word,” adding, “it is our experience everyone gets caught at some point. He has drawn a lot of attention to himself, and that makes it hard to hide from reality.” The fugitive eventually surrendered to police, fulfilling his promise by arriving at the station with doughnuts and a bagel. “Zaydel made good on his promise to turn himself in to RTPD for his outstanding warrants,” the department said. “He walked in on his own, and not only did he bring the doughnuts, he brought one bagel! We would again like to express our gratitude for the support of all who followed this, shared it, and left us positive feedback.” Mr Zaydel was sentenced to 39 days in jail after pleading guilty to breaking the terms of his probation. Is this the world's most meta mugshot? 


Read more: https://www.yahoo.com/news/wanted-man-turns-himself-losing-100133403.html

Kenyan election official quits saying re-run election will not be aposcredibleapos 

Kenyan election official quits, saying re-run election will not be 'credible' Kenya’s top election official threw next week’s rerun of the country’s presidential election into doubt on Wednesday, saying that political intimidation and interference meant he could no longer guarantee the credibility of the vote. Hours after one of his colleagues resigned and fled the country saying she feared for her life, Wafula Chebukati, chairman of the electoral commission, also threatened to quit, deepening a political crisis that risks upending one of Africa’s most stable states. Next Thursday’s election marks Kenya’s second attempt in three months to choose a leader after the supreme court overturned President Uhuru Kenyatta’s re-election in August, citing “irregularities and illegalities” in the transmission of results. But the ruling, unprecedented in Africa, has worsened rather than resolved Kenya’s political impasse. Mr Kenyatta’s challenger, Raila Odinga, withdrew from the rerun earlier this month after electoral officials he accused of rigging the first vote refused to resign. Mr Chebukati accused both the government and the opposition of resorting to tactics that, he said, threatened to pitch Kenya into a “worse situation” than the violent aftermath of an election in 2007 that claimed more than 1,300 lives. Kenya's opposition party leader, Raila Odinga, speaking at Chatham House in London on October 13 Credit:  REUTERS But Mr Odinga was swift to claim vindication after the chairman said his efforts to ensure a transparent election had been blocked by four commissioners who have been accused of acting at the behest of the president’s ruling party. “I’ve made several attempts to make critical changes but all my motions have been defeated by a majority of the commissioners,” Mr Chebukati said. “Under such conditions it is difficult to guarantee a free, fair and credible election.” “I would rather go out with my name intact and my head lifted high than be part of a process where

Read more: https://www.yahoo.com/news/kenyan-election-official-quits-saying-095806266.html



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