Pfizer-Lilly pain drug meets late-stage trial goals
(Reuters) – An experimental osteoarthritis drug developed by Pfizer Inc and Eli Lilly and Co achieved its main goal of…
Abbott Labs raises 2018 earnings forecast, shares hit record high
(Reuters) – Abbott Laboratories raised its full-year earnings forecast and topped estimates for quarterly profit on Wednesday, powered by demand…
Texas Instruments CEO resigns on code of conduct violation
(Reuters) – Texas Instruments Inc (TXN.O) said on Tuesday that Brian Crutcher had resigned as the company’s chief executive officer…
Australia’s Fairfax to share print costs with rival News Corp
(Reuters) – Publisher Fairfax Media (FXJ.AX) said on Wednesday it had agreed with rival News Corp’s (NWSA.O) Australian unit to…
Netflix shares tank after big miss on subscriber growth
(Reuters) – Netflix Inc’s subscriber growth fell short of Wall Street expectations on Monday, sending shares of the normally high-flying…
Iowa, Illinois investigating infections linked to McDonald’s salad
(Reuters) – The Iowa and Illinois health departments said on Thursday that they were investigating cyclospora infections linked to salads…
AT&T CEO confident Time Warner deal on solid ground
(Reuters) – The U.S. Justice Department has only a remote chance of overturning AT&T Inc’s takeover of Time Warner, Chief…
Broadcom loses $19 billion in market value after bid to buy CA
(Reuters) – Chipmaker Broadcom Inc’s surprise bid to buy software company CA Inc for $18.9 billion wiped off the same…
Bank rally helps Wall Street as investors await strong earnings
(Reuters) – U.S. stocks rose on Monday, with banks and industrial stocks driving a third day of gains on Wall…
Twitter says removal of fake accounts does not hurt user metrics
(Reuters) – Twitter Inc said on Monday it has removed fake accounts but that does not impact its reported user…
CTI Biopharma’s cancer drug fails late-stage trial, shares tumble
(Reuters) – CTI Biopharma Corp said on Monday its treatment for a type of blood cancer did not meet the…
Wall Street rises on U.S.-EU trade relations optimism
NEW YORK (Reuters) – Wall Street’s major indexes rose on Thursday as reports that the United States and the European…
Dell moves to go public, spurns IPO
(Reuters) – Dell Technologies Inc said on Monday it would pay $21.7 billion in to buy back shares tied to…
Tesla hits Model 3 production target, backs profit view
(Reuters) – Tesla Inc (TSLA.O) crossed its long-elusive target of producing 5,000 Model 3 cars in a week after several…
Amazon to buy PillPack in potentially disruptive drug retail push
(Reuters) – Amazon.com Inc said on Thursday it would buy small online pharmacy PillPack, a move that will put the…
Twitter, Facebook launch tools to track advertising
(Reuters) – Twitter Inc (TWTR.N) on Thursday made it easier for users to identify political campaign ads and know who…
UK’s accounts watchdog opens probe into Deloitte’s audit of SIG’s annual statements
(Reuters) – UK’s accounting watchdog said on Thursday it began an investigation into Deloitte LLP’s audit of two annual financial…
Conagra to buy Pinnacle for $8.1 billion, creating frozen food powerhouse
(Reuters) – Conagra Brands Inc (CAG.N) said on Wednesday it would buy Pinnacle Foods Inc (PF.N) for about $8.1 billion,…
Fujifilm threatens to compete against Xerox if partnership not renewed
(Reuters) – Fujifilm Holdings Corp (4901.T) on Wednesday threatened to compete against Xerox Corp (XRX.N) in Asia-Pacific and challenge it…
U.S. District Court rules in favor of Lilly’s Alimta patent
(Reuters) – Eli Lilly and Co said on Friday a U.S. District Court ruled in favor of its patent on…
U.S. medical device firm electroCore IPO price set at $15 per share
(Reuters) – U.S. medical device maker electroCore Llc’s initial public offering is expected to price at $15 per share, Chief…
Theranos founder Holmes, former president indicted for fraud
(Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they…
Theranos founder Holmes, former president indicted for fraud
(Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they…
Qualcomm-NXP deal still waiting for China nod: sources
BEIJING/SHANGHAI (Reuters) – China is yet to approve U.S. chipmaker Qualcomm Inc’s (QCOM.O) proposed $44 billion acquisition of NXP Semiconductors…
Fitbit’s six current, ex-staff indicted in Jawbone trade secrets case
(Reuters) – Six former and current employees of Fitbit Inc (FIT.N) were charged in a federal indictment for possessing trade…
S&P inches higher as ECB signals gradual rate hikes
(Reuters) – U.S. stocks ticked higher on Thursday, after the European Central Bank signaled that any interest rate hike was…
GSK’s two-drug HIV treatment meets main goal in late stage studies
(Reuters) – GlaxoSmithKline’s two-drug treatment for HIV, the virus that causes AIDS, met its main goal in late stage studies,…
McDonald’s to post $80-$90 million charges for restructuring, layoffs
(Reuters) – McDonald’s Corp (MCD.N) plans to take $80 million to $90 million in charges during the second quarter from…
Wall Street edges higher; Fed in focus
(Reuters) – Wall Street’s main indexes posted small gains on Tuesday as bank shares gained in anticipation of an interest…
Medical device maker Stryker makes takeover approach to Boston Scientific: WSJ
(Reuters) – Medical device maker Stryker Corp has made a takeover approach to rival Boston Scientific Corp, the Wall Street…
iPhone worries weigh on Wall Street
(Reuters) – U.S. stock indexes were lower on Friday as shares of Apple and its suppliers fell, following a report…
Verizon names tech chief as CEO, putting network over content
(Reuters) – Verizon Communications Inc (VZ.N) named chief technology officer Hans Vestberg as its new CEO beginning Aug. 1, surprising…
Tech rally loses steam, McDonald’s pushes Dow higher
(Reuters) – A rally in technology stocks came to a halt on Thursday, setting up the Nasdaq for its first…
Starbucks Executive Chairman Howard Schultz steps down
(Reuters) – Starbucks Corp Executive Chairman Howard Schultz is stepping down, effective June 26, the world’s biggest coffee chain said…
NXP shares fall as China’s warning revives concerns over Qualcomm deal
(Reuters) – Shares of NXP Semiconductors NV (NXPI.O) fell 5 percent on Wednesday after China’s latest warning against U.S. trade…
Fox sets Disney deal vote for July 10
(Reuters) – Twenty-First Century Fox Inc (FOXA.O) will hold a special meeting on July 10th for its stockholders to vote…
TherapeuticsMD’s therapy for menopause-related condition gets approval
(Reuters) – Women’s healthcare company TherapeuticsMD Inc won its first-ever U.S. approval on Wednesday with the drug regulator clearing its…
Starbucks shuts 8,000 stores for anti-bias training
(Reuters) – Starbucks Corp (SBUX.O) appealed to customers for forgiveness in a row over racial profiling on Tuesday, saying its…
Comcast prepares to top Disney’s $50 billion offer for Fox
(Reuters) – Comcast Corp (CMCSA.O) confirmed on Wednesday it was preparing a higher, all-cash offer for most of the media…
FDA issues warning letters to companies selling kratom products
(Reuters) – The U.S. Food and Drug Administration said on Tuesday it issued warning letters to three companies that illegally…
Boeing technicians in South Carolina to vote on unionization: WSJ
(Reuters) – Some Boeing Co (BA.N) workers at the planemaker’s factory in South Carolina will vote on union representation later…
GE merges transportation unit with Wabtec in $11.1 billion deal
(Reuters) – General Electric Co (GE.N) confirmed on Monday it was unloading the bulk of its transportation business which makes…
LaSalle Hotel accepts Blackstone’s $3.7 billion cash offer
(Reuters) – LaSalle Hotel Properties (LHO.N) decided to sell itself to private equity firm Blackstone Group LP (BX.N) for $3.7…
Model 3 price hype helps Tesla shares bounce
(Reuters) – Shares in Tesla Inc (TSLA.O) jumped more than 4 percent on Monday as investors were encouraged by the…
Australia’s Santos gets final sweetened $10.8 billion bid from Harbour Energy
(Reuters) – U.S.-based Harbour Energy made a final offer of $10.8 billion for Australia’s Santos Ltd (STO.AX) on Monday, hiking…
Boeing’s foldable wingtip for new 777s gets approval
(Reuters) – Boeing Co (BA.N) on Friday won approval from the U.S. regulator Federal Aviation Administration for the company’s new…
Campbell Soup CEO quits; company cuts forecast, to review portfolio
(Reuters) – Campbell Soup Co Chief Executive Officer Denise Morrison unexpectedly stepped down on Friday, as the company issued a…
Uber chief product officer to leave in latest executive departure
(Reuters) – Uber Technologies Inc Chief Product Officer Jeff Holden is leaving the ride-hailing company, an Uber spokesman told Reuters…
Evolus investors frown as FDA declines to approve Botox rival
(Reuters) – U.S. health regulators on Wednesday declined to approve Evolus Inc’s (EOLS.O) rival product to Allergan Plc’s (AGN.N) Botox,…
Lachlan Murdoch to be CEO of new Fox after Disney deal
(Reuters) – Twenty First Century Fox (FOXA.O) said on Wednesday Executive Chairman Lachlan Murdoch will serve as chairman and CEO…
Evolus investors frown as FDA declines to approve Botox rival
(Reuters) – U.S. health regulators on Wednesday declined to approve Evolus Inc’s (EOLS.O) rival product to Allergan Plc’s (AGN.N) Botox,…
CBS sues controlling Redstone family in bid for independence
(Reuters) – CBS Corp filed a lawsuit on Monday to reduce the voting power of controlling shareholder National Amusements Inc,…
Xerox abandons planned deal with Fujifilm in victory for Icahn and Deason
NEW YORK/TOKYO (Reuters) – Xerox Corp (XRX.N) has scrapped a planned $6.1 billion deal with Fujifilm Holdings Corp (4901.T) in…
Facebook suspends 200 apps over data misuse investigation
(Reuters) – Facebook Inc has so far suspended around 200 apps in the first stage of its review into apps…
CBS sues controlling shareholder Redstone to stop Viacom merger plan
(Reuters) – CBS Corp on Monday filed a lawsuit to stop controlling shareholder Shari Redstone continuing with her plan to…
CBS sues Redstones firm over Viacom merger
(Reuters) – CBS Corp (CBS.N) on Monday asked a court to block controlling shareholder Shari Redstone from interfering at a…
Xerox says ending Fujifilm deal, settles with Icahn, Deason
NEW YORK (Reuters) – Xerox Corp (XRX.N) said on Sunday it was ending its planned deal with Fujifilm Holdings Corp…