Drugmaker Lundbeck to settle U.S. charity probe for $52.6 million
BOSTON (Reuters) – Danish drugmaker Lundbeck said on Wednesday that it had reached a deal to pay $52.6 million to resolve a U.S. probe into its financial support of patient assistance charitable foundations.
U.S. lawmakers press Facebook over Chinese data sharing
WASHINGTON/SAN FRANCISCO (Reuters) – Facebook Inc faced criticism on Wednesday from Republican and Democratic U.S. lawmakers who demanded that the social media company be more forthcoming about data it has shared with four Chinese firms.
Wall Street climbs on easing trade worries
NEW YORK (Reuters) – Wall Street’s three major indexes added to gains late in Wednesday’s session as the S&P 500 and the Dow were boosted by financial and industrial stocks and ebbing trade-war fears while the Nasdaq was set for a fourth straight day of gains.
U.S. dollar-store shares marked down but specialty discounters thrive
NEW YORK (Reuters) – The shares of so-called dollar stores have suffered as U.S. shoppers have started spending more at bargain retailers with focused concepts and big discount chains.
Alphabet shareholders reject diversity proposal backed by employees
MOUNTAIN VIEW, Calif. (Reuters) – Alphabet Inc’s shareholders, including top executives, voted down several proposals on Wednesday, defeating campaigns to tie pay to diversity goals and to get the Google parent to provide more data about efforts to mod…
UBS cuts at least 100 jobs in asset management arm: Bloomberg
(Reuters) – Swiss bank UBS Group AG is cutting jobs at its asset management unit while it focuses on growth in China along with passive and sustainable investing, Bloomberg said on Wednesday.
Tesla drives fourth day of gains for Nasdaq, banks up
(Reuters) – Wall Street’s tech-heavy Nasdaq index was on track for its fourth straight day of gains on Wednesday, hitting a record high, while the S&P 500 and the Dow also inched higher.
Oil vs wild rice: Enbridge, opponents gear up final U.S. pipeline push
CALGARY, Alberta (Reuters) – Canada’s Enbridge Inc faces an indefinite delay to its biggest-ever capital project if a U.S. state regulator denies its preferred pipeline route through Minnesota, but a victory would spell relief for Canadian oil shipper…
Trade disputes cast chill over G7 leaders’ summit in Canada
OTTAWA (Reuters) – Top U.S. allies are set for a showdown with Washington at this week’s G7 summit in Canada as the Trump administration shows no sign of backing down from protectionist policies that have upset trading partners and unnerved investors.
Alphabet’s stockholders vote against gender pay gap, diversity proposals
(Reuters) – Alphabet Inc’s top executives voted down several shareholder proposals on Wednesday, defeating campaigns to tie their pay to hiring diversity goals and to get the Google parent to provide more data about efforts to moderate user-generated …
