Drugmaker Shire soars as Japan’s Takeda considers bid
LONDON/TOKYO (Reuters) – Japan’s largest drugmaker Takeda Pharmaceutical is considering a bid for London-listed rare disease specialist Shire that could top $40 billion and spark another takeover battle in the deal-hungry pharma industry.
Walgreens pharmacy business drives profit, sales beat
(Reuters) – Walgreens Boots Alliance Inc’s quarterly profit and sales beat analysts’ estimates on Wednesday, as the drugstore chain’s partnerships with pharmacy benefit managers over the past year helped it fill more prescriptions and mail orders.
Facebook to change privacy controls in wake of data scandal
BRUSSELS (Reuters) – Facebook announced a series of changes on Wednesday to give users more control over their data, after a huge data scandal which has wiped more than $100 billion from its stock market value.
U.S. fourth-quarter GDP growth revised up to 2.9 percent
WASHINGTON, (Reuters) – U.S. economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a surge in imports.
Facebook to give users more control over personal information
(Reuters) – Facebook Inc is giving users more control over their privacy by making data management easier and redesigning the settings menu, the company said on Wednesday, in the wake of a scandal over a breach that exposed the personal information of…
Tencent president sells $55 million worth of company shares
HONG KONG (Reuters) – The president of Tencent Holdings , Asia’s most valuable listed company, has sold 1 million of his shares in the company at a premium of 5.4 percent to Wednesday’s closing market price, according to a regulatory filing.
Exclusive: Mideast Uber rival Careem in early talks to raise new funds – sources
DUBAI, (Reuters) – Middle East ride-hailing app Careem is in early talks to raise as much as $500 million in new funds from investors, sources told Reuters.
Brexit and the City: Tracking the fortunes of London’s financial districts
LONDON (Reuters) – Is London’s position as the largest international center of finance slipping as a result of Brexit?
Hyundai group to streamline ownership structure in reform push
SEOUL (Reuters) – South Korea’s auto-to-steel giant Hyundai Motor Group will streamline its complex ownership structure, as it responds to calls from the government and investors to reform the country’s powerful family-controlled conglomerates or chaeb…
Tech problems send world shares skidding again
LONDON (Reuters) – Stocks toppled again on Wednesday, as jitters about a U.S.-China trade war and regulatory crackdown on firms such as Facebook left investors facing their first quarterly fall in equity markets in two years.
