Dollar and global bonds track surge in Treasury yields, stocks sag
A rise in U.S. Treasury yields to their highest levels since mid-2011 pulled global bond yields higher across the board and boosted the dollar on Thursday, while stocks sagged in response.
J&J, Arrowhead in gene-silencing drug deal worth up to $3.7 billion
Arrowhead Pharmaceuticals Inc said on Thursday Johnson & Johnson would develop and market its gene-silencing Hepatitis B treatment and buy a minor stake in a deal that could be potentially worth more than $3.7 billion, sending its shares surging 20 percent.
Oil hovers near four-year highs as Saudi, Russia agree supply rise
Oil held near four-year highs on Thursday, supported by the imminent loss of Iranian supply through U.S. sanctions, but also tempered by the prospect of a rapid production boost from Saudi Arabia and Russia.
Exclusive: Third Point demands Campbell Soup board records
Activist investor Daniel Loeb’s hedge fund Third Point LLC has demanded access to a trove of records from Campbell Soup Co, ranging from board meeting minutes to financial documents, as it ratchets up a campaign to replace the company’s board of direct…
Britain’s CMA toughens action against Lloyds Bank over PPI
Britain’s Competition and Markets Authority has demanded Lloyds Banking Group toughen its procedures around payment protection insurance (PPI) after it accused the bank of breaching its current arrangements.
Toyota, SoftBank in first-ever alliance, target self-driving car services
(This October 4 story corrects paragraph 17 to show Toyota has partnership, not investment, in Didi Chuxing.)
Swedbank says its anti-money laundering procedures not being investigated
Sweden’s Swedbank said on Thursday that there were no ongoing investigations into its anti-money laundering procedures, a day after its shares slumped on worries about cross-border transactions by banks in Estonia.
Zalando expands beauty offer to men, and two new countries
Germany-based Zalando is expanding its beauty business to Austria and Poland, and adding men’s grooming products, the online specialist fashion retailer said on Thursday.
E-cigarette maker Juul files complaints against ‘copycat products’
Juul Labs, the e-cigarette maker at the heart of a U.S. crackdown on youth vaping, has filed patent infringement complaints in the United States and Europe against what it said were copycat rivals.
Wealth managers count cost of U.S.-Chinese trade war on Asian business
The performance of big wealth managers may take hit as a trade war between the United States and China hurts business in major growth market Asia, bankers said.
