Exclusive: Shire, Takeda reach breakthrough in deal talks – sources
LONDON/NEW YORK (Reuters) – London-listed drugmaker Shire Plc and Japan’s Takeda Pharmaceutical Co Ltd plan to announce a preliminary merger deal as early as Wednesday, after the latter sweetened its $62 billion acquisition offer, three people familiar…
Wall Street slides as high bond yields fan cost worries
NEW YORK (Reuters) – Wall Street dropped sharply on Tuesday as warnings by bellwether companies of higher costs reverberated as the benchmark U.S. 10-year Treasury yield pierced the 3 percent level for the first time in four years.
Toys ‘R’ Us sets up $156 million fund for trade claims: lawyer
(Reuters) – Toys ‘R’ Us will set aside about $156 million to pay vendors for toys and merchandise shipped after the U.S. retailer’s Chapter 11 bankruptcy filing last September, a lawyer for the company said on Tuesday.
Apple shares drop on more warnings from iPhone supply chain
SAN FRANCISCO (Reuters) – Shares of Apple Inc dropped nearly 2 percent on Tuesday as investors worries intensified about soft demand for iPhones after a warning from a company that supplies components for smartphones.
United Airlines CEO forgoes 2017 bonus, board chairman to step down
NEW YORK (Reuters) – United Airlines’ chief executive decided to do without his 2017 annual bonus and the carrier’s board chairman will step down, United said in a regulatory filing on Monday, amid ongoing fallout surrounding its customer-service fail…
Wall Street sunk by corporate cost warnings, bond nerves
(Reuters) – Wall Street dropped sharply on Tuesday as concerns over marquee companies warning of higher costs were exacerbated by the benchmark U.S. 10-year Treasury yield piercing the 3-percent level for the first time in four years.
Protesters greet Amazon’s Jeff Bezos in Germany
BERLIN (Reuters) – Hundreds of Amazon workers blew whistles and banged drums on Tuesday to protest against the presentation of a German award to Jeff Bezos, the ecommerce firm’s chief executive.
Bitcoin climbs to six-week high as market sentiment improves
NEW YORK (Reuters) – Bitcoin rose to a six-week high on Tuesday on positive headlines that included the possible entry of major financial institutions into the space, lifting sentiment on the overall cryptocurrency market.
U.S. consumer confidence, housing data highlight economy’s strength
WASHINGTON (Reuters) – U.S. consumer confidence rebounded in April and new home sales increased more than expected in March, pointing to underlying strength in the economy despite signs that growth slowed in the first quarter.
Herbalife prepared secret report to get into Ackman’s thinking: book
NEW YORK (Reuters) – Herbalife Ltd. commissioned a secret report to understand what made activist investor William Ackman tick as he accused the company of being a fraud and bet its share price would collapse to zero, a new book shows.
