Mylan seeks deal for German Merck’s consumer products unit: sources
FRANKFURT/NEW YORK (Reuters) – Generic drug maker Mylan is in advanced discussions to acquire Merck KGaA’s consumer health business after other bidders failed to meet the German company’s price expectations, people familiar with the matter said.
Stocks set for biggest weekly gain in a month as risk appetite returns
LONDON (Reuters) – World stocks and commodities rose on Friday, with stocks set to post their biggest weekly gain in over a month as investors seemed to shrug off the uncertainty over tension in the Middle East and the prospect of a global trade war.
GM’s troubled Korea unit says annual net loss widens to $1.1 billion
DETROIT/SEOUL (Reuters) – General Motors’ South Korean unit said on Friday its annual net loss widened to $1.1 billion, its fourth straight year in the red after GM’s decision to pull its Chevy brand from Europe led to reduced exports.
London Stock Exchange Group turns to Goldman’s Schwimmer as CEO
(Reuters) – The London Stock Exchange named Goldman Sachs’ veteran David Schwimmer as chief executive officer on Friday after a boardroom battle led to the departure of Xavier Rolet in November.
U.S. trade war fears ripple through China’s ‘workshop of the world’
DONGGUAN, China (Reuters) – Allan Chau, the general manager of a Chinese factory making precision metal parts for U.S. customers, is still calling it a “proposed” trade war, but that hasn’t stopped him from planning for the worst.
Trump says U.S. will only rejoin Pacific trade pact if terms are improved
WASHINGTON/TOKYO (Reuters) – U.S. President Donald Trump said the United States would only join the Trans Pacific Partnership, a multinational trade deal his administration walked away from last year, if it offered “substantially better” terms than tho…
Stocks cautious on trade, Syria anxiety; dollar near six-week highs
TOKYO/SYDNEY (Reuters) – Asian stocks were cautiously higher on Friday ahead of the U.S. earnings season and as investors pondered the implications of geopolitical tensions in the Middle East and the prospect of a global trade war.
London Stock Exchange Group appoints Goldman’s Schwimmer as CEO
(Reuters) – The London Stock Exchange Group Plc appointed Goldman Sachs’ veteran David Schwimmer as chief executive officer on Friday after a boardroom battle led to the departure of CEO Xavier Rolet in November.
Deutsche Bank’s S&P rating put on credit watch after CEO change
BERLIN (Reuters) – Deutsche Bank’s sudden change in chief executive could prolong the lender’s restructuring, ratings agency Standard & Poor’s (S&P) said as it placed the bank on “credit watch negative” late on Thursday.
VW’s top labor representative backs Diess as new CEO
FRANKFURT (Reuters) – Volkswagen’s top labor representative on Friday backed the choice of Herbert Diess as the carmaker’s new chief executive, as well as a move to prepare the truck business for a potential listing.
