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Updated: 39 min 32 sec ago

How a Sanofi Diabetes Bet Went Wrong

48 min 12 sec ago
French drugmaker Sanofi thought it had a gold mine in its licensing pact with MannKind for the rights to sell the insulin inhaler Afrezza, but safety concerns and reimbursement issues doomed the effort.
Categories: Business

AP Moller-Maersk Earnings Hit by Perfect Storm

54 min 39 sec ago
Shares in AP Moller-Maersk dropped more than 5% after the Danish conglomerate swung to a hefty fourth-quarter net loss as tumbling freight rates and sluggish trade growth hit its key shipping business, while its oil unit took a $2.5 billion charge.
Categories: Business

Nissan Net Profit Jumps 25% in Third Quarter

1 hour 36 min ago
Japan’s second-biggest auto maker said quarterly net profit grew 25% after strong sales in the U.S. and Europe offset a slowdown in emerging markets.
Categories: Business

SoftBank Operating Profit Rises 7%

1 hour 42 min ago
Japanese telecom and Internet company SoftBank said that operating profit rose 7% in the three months through Dec. 31, following better-than-expected earnings from troubled U.S. mobile carrier Sprint Corp.
Categories: Business

Asahi Nears $3.5 Billion Deal for Peroni, Grolsch

1 hour 44 min ago
Japan’s Asahi Group is close to buying two European beer brands that SABMiller and Anheuser-Busch InBev want to sell to address regulatory concerns about their planned merger.
Categories: Business

Qihoo 360-Led Consortium Makes $1.2 Billion Offer for Opera

1 hour 44 min ago
A consortium of Chinese investors including security software firm Qihoo 360 Technology has agreed to pay $1.2 billion to buy Norwegian browser maker Opera Software.
Categories: Business

Hermès Boosted by Weak Euro, Strong Asian Demand

2 hours 28 min ago
French luxury brand Hermès’ fourth-quarter revenue rose 15% as a weak euro and strong demand in Japan continued to boost sales, offsetting a sluggish quarter in France that was affected by the fallout of the Nov. 13 Paris terror attacks.
Categories: Business

Viacom CEO Defends His Leadership

Wed, 02/10/2016 - 12:27am
Viacom Chief Executive Philippe Dauman fiercely defended his leadership and the board’s recent decision to name him executive chairman as the company reported a profit decline in its most recent quarter.
Categories: Business

Obama Budget Aims to Mold Debate

Wed, 02/10/2016 - 12:16am
President Barack Obama’s $4.1 trillion budget proposal is designed to find a few spots of bipartisan agreement while also laying out a broader liberal policy agenda for a potential future Democratic administration.
Categories: Business

Disney Stresses ESPN to Allay Cable Fears

Tue, 02/09/2016 - 10:13pm
Disney aimed to counter the arguments that ESPN’s business is in decline, while “Star Wars” drove a strong quarter for the company’s movie and consumer products businesses.
Categories: Business

Facebook's Global Web Goals Run Into Political Hurdles

Tue, 02/09/2016 - 8:59pm
India’s decision to ban programs that offer access to a limited set of websites and apps, including Facebook’s Free Basics service, raises questions about the social-media site’s effort to expand Internet use in developing countries.
Categories: Business

ESPN and DraftKings End Exclusive Ad Deal

Tue, 02/09/2016 - 8:51pm
In a sign of continued difficulties for the burgeoning daily fantasy sports industry, Walt Disney Co.’s ESPN and DraftKings Inc. have unwound their exclusive advertising relationship.
Categories: Business

SolarCity Shares Drop on Soft Forecast

Tue, 02/09/2016 - 8:30pm
SolarCity Corp. reported better-than-expected results for its fourth quarter, but shares tumbled in after-hours trading as the solar power company acknowledged it continues to fall short of its installation goals.
Categories: Business

Coca-Cola Fights for 'Zero' Trademark Rights

Tue, 02/09/2016 - 7:52pm
The Patent and Trademark Office is gearing up to rule nearly 13 years after Coke first tried to register “zero” in the U.S., triggering a challenge from Dr Pepper Snapple Group, which also has a diet drink named Zero.
Categories: Business

Panel Recommends FDA Approval of Remicade Knockoff

Tue, 02/09/2016 - 7:38pm
An advisory panel to the FDA voted to recommend the agency approve the sale of a knockoff version of J&J’s arthritis drug Remicade, which had U.S. sales of $4.45 billion last year. The copy was developed by Celltrion and licensed to Pfizer.
Categories: Business

Canadian Pacific Abandons Threat of Proxy Fight for Norfolk Southern

Tue, 02/09/2016 - 7:24pm
Canadian Pacific Railway has abandoned its threat of a proxy battle to replace directors at takeover target Norfolk Southern, opting instead for a less confrontational strategy of seeking shareholder support for friendly merger talks.
Categories: Business

Fortis to Buy ITC Holdings for About $6.9 Billion

Tue, 02/09/2016 - 7:05pm
Canadian utility operator Fortis agreed to buy U.S. electricity-transmission company ITC Holdings for about $6.9 billion in cash and stock.
Categories: Business

Blast From the Past: Gasoline Costing a Mere $1 a Gallon

Tue, 02/09/2016 - 6:54pm
Gasoline could return to $1 a gallon for the first time since the 1990s amid the continuing decline in crude-oil prices, a growing fuel glut and seasonal refining shifts.
Categories: Business

Redstone Cut Ex-Companion From Will, Depriving Her of $70 Million

Tue, 02/09/2016 - 6:17pm
Sumner Redstone’s lawyers say he cut former companion Manuela Herzer out of his will, depriving her of a $70 million inheritance, on the same October day that he removed her as his health-care agent.
Categories: Business

Coke to Results Top Expectations on Volume, Pricing Growth

Tue, 02/09/2016 - 5:12pm
Coca-Cola reported better-than-expected profit and revenue for its fourth quarter, as higher volume and pricing helped offset the impact of weakness abroad.
Categories: Business