French new car registrations rise 2.5 pct in September - CCFA
PARIS, Oct 1 French new car registrations rose 2.5 percent year-on-year in September, boosted by growth at French car maker Renault, the CCFA automobile association said on Saturday.
Technology licensing company Rambus Inc said it has reorganized its businesses into three units and will reduce its workforce by 15 percent as part of its efforts to cut costs.
The company, which has posted a loss for the last three consecutive quarters, appointed a new Chief Executive in June.
Rambus expects to save between $30 million and $35 million in cash annually, most of it from cuts in its general and administrative expenses.
The Sunnyvale, California-based company said the reductions in expense and related workforce will begin in the coming weeks and are expected to be completed during the fourth quarter.
It will take a related charge of $6 million over the next two quarters.
As of December 2011, the company had 456 employees.
Rambus said it now operates three business units -- Memory and Interfaces, Cryptography Research Inc and Lighting and Display Technologies. It also named Martin Scott as the new role of chief technology officer.
Shares of the company, which has a market value of about $531.3 million, closed at $4.76 on the Nasdaq on Wednesday.
(Reporting by Prateek Kumar in Bangalore; Editing by Supriya Kurane)
Oct 1 An experimental biotech drug developed by Johnson & Johnson proved more effective at clearing moderate to severe cases of the skin condition plaque psoriasis than a placebo or Abbvie Inc's big-selling Humira, according to data from a late stage study presented on Saturday.
Oct 1 Patients taking an experimental eczema drug from Regeneron Pharmaceuticals Inc and Sanofi Inc experienced significant relief in itching and in anxiety and depression symptoms, meeting secondary goals of two large studies, researchers said on Saturday.