Teva Pharm to lay off a quarter of workforce, suspends dividend
TEL AVIV (Reuters) – Teva Pharmaceutical Industries is to cut its workforce by more than a quarter, give up many of its manufacturing plants and suspend its dividend on ordinary shares in a much-anticipated overhaul to help pay off its debts.
Exclusive: EU regulators to clear Luxottica, Essilor deal without conditions – sources
BRUSSELS (Reuters) – Italy’s Luxottica and French glasses group Essilor are set to win unconditional EU antitrust approval for their 48-billion-euro ($56.8 billion), two people familiar with the matter said on Thursday.
Siemens CEO sees group as ‘fleet of ships’: Manager Magazin
MUNICH (Reuters) – Siemens’ chief executive sees the German group as a “fleet of ships”, each thriving under its own steam, but rejects the idea of separate listings for its core factory-automation and energy businesses, he told Manager Magazin.
Norwegian Air ramps up transatlantic fare war with four new routes
NEW YORK (Reuters) – Norwegian Air Shuttle ASA will start flying four new routes between the United States and Europe, the budget carrier said on Thursday, rapidly expanding its low-cost transatlantic flights and increasing pressure on established car…
Investors call on Sanderson, Denny’s, McDonald’s to cut antibiotics
(Reuters) – An investor coalition that presses for corporate responsibility is calling on U.S. food companies McDonald’s Corp, Denny’s Corp and Sanderson Farms Inc to stop buying or producing meat raised with medically important antibiotics.
European stocks, euro dip as central banks dominate
LONDON (Reuters) – European shares and the euro dipped on Thursday as cautious comments on inflation from the U.S. Federal Reserve gave investors pause before a series of central bank decisions in Europe.
UK retailers enjoy bumper Black Friday sales
LONDON (Reuters) – British shoppers pounced on electrical goods and other Black Friday bargains last month, giving an unexpectedly big boost to retail sales, which contrasted with earlier signs of a subdued start to Christmas spending.
PSA, Toyota lead European car sales gain, helped by extra selling day
BERLIN (Reuters) – European car sales rose 5.8 percent in November, helped by an extra selling day as PSA Group and Toyota posted the strongest gains among the region’s major automakers, industry data published on Thursday showed.
South Korea prosecutors seek four-year jail term for Lotte group chief
SEOUL (Reuters) – South Korea’s prosecutors are seeking a four-year jail term and a fine of 7 billion won ($6.44 million) for Lotte Group chief Shin Dong-bin over a bribery scandal involving former President Park Geun-hye and her close friend Choi Soon…
Asia stocks slightly up after Fed move; dollar, U.S. yields sag
TOKYO (Reuters) – Asian stocks generally rose on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike, while its caution on inflation tempered expectations for 2018 tightening, weighing on the dollar and Treasury yields.
