In the Region
Human Genome to lay off 114
Drugmaker GlaxoSmithKline P.L.C.'s $3.6 billion acquisition of Human Genome Sciences Inc. will likely mean layoffs for 114 workers at HGS, which is based in Rockville, Md. HGS filed a notice with the Maryland Department of Labor, Licensing and Regulation that it planned to reduce its workforce by Oct. 30. Glaxo is based in London, but has operations in Center City, other parts of Pennsylvania and New Jersey. - David Sell
Hershey to buy out partners
Hershey Co. said it will acquire the 49 percent stake in a money-losing Indian joint venture that it does not own from Godrej Industries Ltd. and another unidentified minority shareholder. The maker of Hershey's Kisses and Reese's Pieces said that India remains a "key focus market" for the company. Formed in 2007, the joint venture, which will be renamed Hershey India and become a wholly owned subsidiary when the deal closes by Sept. 30, had net sales of $80 million in 2011. - Mike Armstrong
