Ford picks BBDO as lead creative agency in blow to Britain’s WPP
(Reuters) – Ford (F.N) has chosen Omnicom’s (OMC.N) BBDO as its lead creative advertising agency in a symbolic blow to its partner of 75 years, WPP (WPP.L). FILE PHOTO: A…
Lloyds Banking Group to merge £13 billion wealth arm with Schroders: Sky News
(Reuters) – Britain’s Lloyds Banking Group (LLOY.L) is to merge its 13 billion pounds ($17.06 billion) wealth management arm into a new joint venture with asset manager Schroders Plc(SDR.L) ,…
Danske shares slide as U.S. criminal inquiry spooks investors
COPENHAGEN (Reuters) – Danske Bank’s (DANSKE.CO) deepening money laundering scandal dragged its shares to a four-year low on Friday as Denmark’s biggest bank sought to calm investors over the impact…
EMA committee recommends restrictions on fluoroquinolone, quinolone antibiotics
(Reuters) – The European Medicines Agency’s risk assessment committee has recommended restrictions on the use of broad-spectrum antibiotics fluoroquinolone and quinolone following a review of side effects, the EMA said…
Lilly’s diabetes drug data impresses, hurts rival Novo’s shares
(Reuters) – Eli Lilly and Co (LLY.N) said on Thursday its new two-in-one diabetes drug was successful in lowering blood sugar and reducing weight, sending its shares to a record…
Honda to invest $2.75 billion in GM’s Cruise self-driving unit
WARREN, Mich (Reuters) – Honda Motor Co Ltd (7267.T) will invest $2.75 billion in General Motors Co’s (GM.N) Cruise Automation, the second outside multibillion-dollar commitment to the self-driving vehicle unit…
Insmed’s treatment-resistant lung disease drug gets FDA approval
(Reuters) – The U.S. Food and Drug Administration on Friday approved Insmed Inc’s lead drug to treat a rare, chronic lung disease, making it the first approved treatment in the…
Under Armour cuts 400 more jobs in turnaround push
(Reuters) – Under Armour Inc (UA.N) (UAA.N) said on Thursday it was cutting about 400 jobs, or 3 percent of its workforce, as part of the sportswear maker’s efforts to…
U.S. regulator approves Teva migraine drug, shares rise
(Reuters) – Shares of Israeli drugmaker Teva Pharmaceutical Industries rose over 5 percent in after-hours trading on Friday after the U.S. Food and Drug Administration (FDA) approved the company’s new…
Brazil space station open for small satellite business
ALCANTARA SPACE CENTER, Brazil (Reuters) – Brazil is ready to launch small commercial rockets from its space base near the equator as soon as it agrees to safeguard U.S. technology…