Developing:

Business Latest News: GSK Says Past R&D Shortfalls in China Now Fixed

Wochit 0:53 mins

GlaxoSmithKline said it had faced problems with drug research in China in the past but these shortcomings had now been fixed, following internal changes and the sacking of its China R&D head in June. Britain's biggest drugmaker, which is facing charges of corrupt sales practices in China, said a 2011 internal audit into its Shanghai R&D center had highlighted a number of deficiencies. Ford Motor Company will hire 3,000 salaried workers this year, mostly in Michigan, the company said. Fiat-Chrysler CEO Sergio Marchionne said the carmaker could be registered in the Netherlands after a planned merger involving buying the remaining shares of Chrysler.

View Comments (0)