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A summary of news releases for September 28, 2007, compiled by Business Wire, the global leader in news distribution. To view any of these news release on Business Wire's website, please go to www.businesswire.com.
1) Category Code: Health
SHOT IN THE ARM: SOUTH KOREAN GOVERNMENT PROMISES A HIKE IN DRUG AND PHARMACEUTICAL
R&D Expenditure The South Korean healthcare industry could witness tremendous growth in the next five to ten years, as the Government's promise to increase its healthcare as well as drug and pharmaceuticals R&D expenditure will bring in new drug development projects to the country.
2) Category Code: Finance
MF GLOBAL ACQUIRES LEADING AUSTRALIAN FUTURES BROKER
MF Global Ltd. (NYSE: MF), the world's leading futures and options broker, today announced the acquisition of 100 percent of the share capital of BrokerOne Pty Ltd. The Sydney-based BrokerOne, which commenced business in 1995 through its predecessors, has successfully captured the leading market share of futures contracts traded on the Sydney Futures Exchange (SFE). MF Global believes the transaction will be accretive over the next 12 months.
Source: HighBeam Research, BUSINESS WIRE DAILY SUMMARY - SEPT 28, 2007.