Teva Pharm says opioid settlement will not derail ability to cut debt
Teva Pharmaceutical Industries Ltd on Thursday expressed confidence in its ability to continue paying down its huge debt burden even if it is forced to pay billions of dollars to settle thousands of U.S. opioid lawsuits.
Trade-fueled rally pushes Wall Street to fresh record high
Wall Street’s main indexes hit fresh record highs on Thursday, as signs of progress in U.S.-China trade relations and a batch of largely upbeat earnings boosted risk appetite.
Florida risk helped ruin Uber for insurer James River
A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had mispriced policies during its initial years on the accou…
Stocks, dollar rally on renewed U.S.-China deal hopes
Oil prices rose and global equity markets rallied on Thursday after China said it has agreed with the United States to cancel tariffs in phases, a key consideration in reaching an initial deal to end a trade war that has crimped economic growth.
T-Mobile in talks with Sprint on merger, does not rule out price discussions
T-Mobile US Chief Executive John Legere on Thursday acknowledged talks with Sprint Corp to extend their merger agreement and declined to rule out asking for the $26 billion price to be lowered.
Halloween scare: Party City plunges after slashing annual targets again
Shares of Party City Holdco Inc plummeted 62% to a record low on Thursday after the party supplies retailer cut its annual revenue and profit forecasts for a second time, as fewer shoppers bought Halloween supplies at its stores this season.
Wells Fargo taps Bill Daley, former White House official, head of public affairs
Wells Fargo & Co , which recently tapped one-time Jamie Dimon protégé Charles Scharf to be its CEO, has hired another former JP Morgan Chase executive and previous White House official, William Daley, to head public affairs.
Big oil stuns Brazil in back-to-back auction flops
Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA .
Brazil will reevaluate signing bonuses, other parameters of offshore auctions
The Brazilian government will reevaluate the terms of pre-salt auctions, including the signing bonuses and profit oil required from bidders, Brazil’s mines and energy minister said on Thursday, after a round that was widely seen as disappointing.
Ralph Lauren profit gets boost from Chinese demand; shares rise 14%
Strong demand for Ralph Lauren Corp’s Polo shirts and tweed jackets in China helped the high-end apparel retailer beat quarterly profit estimates on Thursday, sending its shares up nearly 14%.
