Novartis to buy U.S. biotech The Medicines Co. for $9.7 billion
ZURICH (Reuters) – Novartis AG (NOVN.S) is buying U.S. biotechnology company The Medicines Co (MDCO.O) for about $9.7 billion, the Swiss drugmaker said on Sunday, as it seeks to expand…
SoftBank to go ahead with WeWork stock tender offer this week
NEW YORK/BANGALORE (Reuters) – SoftBank Group Corp (9984.T) will this week launch a previously agreed tender offer for as much as $3 billion of WeWork shares, including up to $970…
Boeing to give Southwest board 737 MAX update this week
CHICAGO (Reuters) – Boeing Co (BA.N) this week will present to the board of its largest 737 MAX customer, Southwest Airlines Co (LUV.N), an overview of its plans to return…
Alibaba’s Hong Kong listing offers valuable Beijing goodwill
SHANGHAI (Reuters) – Alibaba’s Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout…
Dollar, stocks slip amid trade deal uncertainty
NEW YORK (Reuters) – The dollar slid and global equity markets fell on Monday after U.S. President Donald Trump’s remarks over the weekend dashed investor optimism that Washington and Beijing…
Roche sets sights on Novartis, Biogen as SMA trial hits target
FILE PHOTO: Roche tablets are seen positioned in front of a displayed Roche logo in this photo illustration January 22, 2016. REUTERS/Dado Ruvic ZURICH (Reuters) – Roche’s bid to rival…
Adidas to close German, U.S. robot factories
FILE PHOTO: Prototypes of Futurecraft 3D shoe are pictured during a presentation of the first Adidas shoe from its new manufacturing process, Speedfactory in Berlin, Germany September 21, 2016. REUTERS/Stefanie…
Acting UAW head to examine ‘every inch’ of union in scandal’s wake
DETROIT (Reuters) – The acting head of the United Auto Workers (UAW) said on Wednesday that he will examine every department of the union in response to a spreading federal…
Uber’s quarterly loss widens as costs rise; shares fall
(Reuters) – Uber Technologies Inc (UBER.N) on Monday posted a wider third-quarter loss as the company tries to outspend competitors through discounts and invests heavily in loss-making new business ventures,…
Uber’s quarterly loss widens as costs rise; shares fall sharply
(Reuters) – Uber Technologies Inc (UBER.N) on Monday posted a wider third-quarter loss as costs soared at the ride-hailing company, sending shares down 4.4% in after-hours trading. But the company…