Valeant Files Overdue Annual Report

Wall Street Journal - 4 min 37 sec ago
Valeant Pharmaceuticals International Inc. filed its overdue annual report on Friday morning, likely resolving the looming danger of debt default for the Canadian company.
Categories: Business

Rovi to Buy TiVo in $1.1 Billion Deal

Wall Street Journal - 12 min 26 sec ago
Rovi Corp. said it would acquire TiVo Inc. for about $1.1 billion, a tie-up that comes as consumers are increasingly changing how they watch videos.
Categories: Business

AB InBev Offers to Sell More SABMiller Brands

Wall Street Journal - 18 min ago
AB InBev has offered to sell SABMiller’s Central and Eastern European brands ahead of a European Commission decision on its acquisition of the London-based brewer.
Categories: Business

Soaring Tobacco Stocks Prompt Calpers to Reconsider Investment

Wall Street Journal - 54 min 18 sec ago
The California Public Employees’ Retirement System may reconsider a decision it made 16 years ago to sell tobacco holdings after an outside consultancy concluded that it missed out on up to $3 billion in net investment gains between then and the end of 2014 by not investing in tobacco shares.
Categories: Business

Eni Posts Loss of Nearly $900 Million Amid Oil Price Rout

Wall Street Journal - 1 hour 17 min ago
Italian oil company Eni’s earnings were hurt by accounting changes related to disposals and low crude oil prices.
Categories: Business

Delta Air Lines in Deal for 37 Airbus A321s

Wall Street Journal - 1 hour 19 min ago
A day after Delta Air Lines ordered 75 small jetliners from Bombardier, the carrier on Friday said it is adding 37 of the largest single-aisle aircraft made by Airbus to its fleet.
Categories: Business

Chinese Tech Firms Charge Into Electric Cars

Wall Street Journal - 1 hour 29 min ago
Internet companies like Tencent and Baidu have been leading the innovation drive in electric cars, as some in the broader industry believe conventional auto makers don’t have the creative chops.
Categories: Business

Amazon Delivers 4th Straight Profit

Wall Street Journal - 1 hour 35 min ago
Amazon swung to a better-than-expected first-quarter profit—its largest ever for a quarter—as the company benefited from surging growth in its Web services division.
Categories: Business

Comcast's DreamWorks Deal Reflects Shifting Bets on Media

Wall Street Journal - 1 hour 49 min ago
Comcast’s intense pursuit of DreamWorks Animation highlights just how much has changed across the media landscape in the five years since it bought NBCUniversal, including a dimmer outlook for pay TV.
Categories: Business

AstraZeneca's Investment Eats Into Profit

Wall Street Journal - 2 hours 14 min ago
AstraZeneca said core profit fell in the first quarter even as revenue rose, as it plowed heavy investment into the development of a string of new drugs it is betting on for growth.
Categories: Business

IAG Shares Drop as Growth Target Cut

Wall Street Journal - 3 hours 11 min ago
International Consolidated Airlines Group said it cut its growth plans and would accelerate cost savings to soften the impact on bookings from the terror attacks in Brussels, as it swung to a first-quarter net profit.
Categories: Business

Sanofi CEO Seeks Talks With Medivation Over $9.3 Billion Offer

Wall Street Journal - 3 hours 59 min ago
Medivation, a Nasdaq-listed company that focuses on hard-to-treat cancers, has rebuffed a takeover approach by the French drugmaker.
Categories: Business

Two Telenor Executives to Resign After VimpelCom Probe

Wall Street Journal - 4 hours 20 min ago
Norway’s Telenor ASA said Friday that two executives had agreed to resign as a probe uncovered “internal weaknesses” in the telecommunications provider’s handling of a bribery case in part-owned VimpelCom, but said an external law firm hadn’t uncovered any corruption at Telenor.
Categories: Business

SpaceX Wins U.S. Military Contract to Send Satellite Into Orbit

Wall Street Journal - Thu, 04/28/2016 - 10:12pm
Billionaire entrepreneur Elon Musk’s rocket-making company has won its most significant U.S. military contract, bidding 40% less than the Pentagon estimated it would spend sending a satellite into orbit, a senior Air Force official said Thursday.
Categories: Business

Caterpillar to Close Five Plants, Shed 820 Jobs

Wall Street Journal - Thu, 04/28/2016 - 9:15pm
Caterpillar said Thursday it will close five U.S. plants and shed about 820 positions as the construction equipment maker continues to scale back its production and work force in response to falling demand.
Categories: Business

Abbott Agrees to Buy St. Jude in $25 Billion Deal

Wall Street Journal - Thu, 04/28/2016 - 9:11pm
Abbott Laboratories agreed to acquire St. Jude Medical in a cash-and-stock deal valued at $25 billion that merges two of the leading makers of heart-related devices.
Categories: Business

U.S. Growth Starts Year in Familiar Rut

Wall Street Journal - Thu, 04/28/2016 - 8:10pm
The U.S. economy stumbled out of the gate in 2016 as consumers and businesses showed renewed signs of caution, underscoring the uneven growth that has been a hallmark of the nearly seven-year expansion, the worst performance in two years.
Categories: Business

De Beers Left London for Botswana, Transforming Lives and a Sleepy City

Wall Street Journal - Thu, 04/28/2016 - 7:41pm
De Beers’s expanded presence has helped transform Botswana’s capital over the past few years, turning it into a hub for a cosmopolitan crowd of gem buyers and upending the lives of dozens of company employees.
Categories: Business

Earnings on Pace for Third Straight Decline

Wall Street Journal - Thu, 04/28/2016 - 7:38pm
U.S. corporate profits are set to decline for the third straight quarter, the longest and broadest slide in earnings since the financial crisis, weighed down by the energy slump and slowing growth around the world.
Categories: Business

Drugmakers Place Big Bets on Cancer Medicines

Wall Street Journal - Thu, 04/28/2016 - 7:37pm
Drugmakers are placing big bets on medicines they expect will command premium prices. Sanofi made an unsolicited, $9.3 billion offer to purchase Medivation. Separately, AbbVie agreed to pay $5.8 billion for Stemcentrx.
Categories: Business
Syndicate content