AbbVie says Humira rivals from Biogen, Amgen most aggressive so far
AbbVie Inc’s Chief Executive Officer Richard Gonzalez said on a conference call that rivals Biogen Inc and Amgen Inc had been the most aggressive in Europe with their biosimilar versions of its blockbuster drug Humira.
Bombardier shares tank 18% after it cuts profit, revenue forecasts
Canada’s Bombardier Inc cut its full-year profit and revenue forecasts on Thursday, as its key railcar-making unit wrestled with delivery delays and manufacturing challenges relating to a few large projects, sending its shares plummeting more than 18 p…
Bombardier shares plunge after full-year forecast cut
Shares of Bombardier Inc fell as much as 25.3 percent on Thursday after the Canadian plane-and-train maker cut its full-year profit and revenue forecast, wiping out more than C$1.5 billion off its market value.
UK regulator blocks Sainsbury’s $9.4 billion Asda takeover
Britain’s competition regulator on Thursday blocked Sainsbury’s proposed 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda – a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.
German ambitions evaporate as Deutsche Bank merger talks with Commerzbank collapse
German hopes of creating a national banking champion able to challenge global competitors were dashed on Thursday when Deutsche Bank and Commerzbank ended merger talks due to the risks of doing a deal, restructuring costs and capital demands.
Nasdaq hits record high at open on strong tech earnings; 3M weighs on Dow
The tech-heavy Nasdaq index hit a fresh record at the open on Thursday after strong results from Facebook and Microsoft, while a slump in industrial conglomerate 3M weighed on the Dow and limited gains on the S&P.
Ex-Nissan boss Ghosn released from Tokyo jail after posting bail
Former Nissan boss Carlos Ghosn, who was indicted this week on fresh charges of financial misconduct, was released from a Japanese jail on Thursday after posting $4.5 million bail and agreeing to conditions including limits on contact with his wife.
U.S. core capital goods orders strong; weekly jobless claims surge
New orders for U.S.-made capital goods increased by the most in eight months in March, but a drop in shipments suggested business spending on equipment slowed down in the first quarter.
Southwest Airlines says bookings strong even as 737 MAX remains grounded
Southwest Airlines Co forecast better-than-expected second-quarter revenue growth on Thursday, citing demand from leisure and business customers, even as the low-cost carrier is forced to ground its 34 Boeing 737 MAX jets.
Japanese court OKs Ghosn’s release on bail, rejects prosecutors’ appeal: media
Former Nissan Motor Chairman Carlos Ghosn was set to leave a Japanese jail after the Tokyo District Court on Thursday rejected a prosecutors’ appeal against its decision to allow his release on bail, Kyodo News and public broadcaster NHK reported.
