Show and sell: shift in global ad spending boosts events firms
BENGALURU (Reuters) – Organizers of conferences and trade shows are benefiting from a shift in the way marketing budgets are allocated, with companies spending less on advertising and more on events that allow them to connect directly with customers.
AstraZeneca CEO reassures staff, aims to be at September cancer meet
LONDON (Reuters) – AstraZeneca Chief Executive Pascal Soriot, responding to rumors he might leave the drugmaker to join rival Teva Pharmaceutical Industries, has told staff he expects to work together with employees to see the company succeed.
Crimean scandal prompts Siemens to retreat from Russian energy
FRANKFURT/MOSCOW (Reuters) – Germany’s Siemens tried to distance itself from a Crimean sanctions scandal on Friday, halting deliveries of power equipment to Russian state-controlled customers and reviewing supply deals.
Chinese courier ZTO sued for ‘untrue statements’ in $1.4 billion U.S. IPO
SHANGHAI (Reuters) – Chinese courier ZTO Express and the underwriters of its New York stock market listing have been sued by a U.S. pension fund that alleges the firm exaggerated its profit margins to lure investors into its $1.4 billion initial publi…
U.S. attempt to limit Wall Street bonuses fizzles out quietly
WASHINGTON (Reuters) – The regulatory agenda released by the Trump administration on Thursday contained a signal that the U.S. government has halted its work on restricting Wall Street executives’ bonuses and other pay incentives.
Euro surge to two-year high prompts stocks pause
LONDON (Reuters) – The euro’s surge to an almost two-year high dominated financial markets on Friday, with most major stock exchanges consolidating after a second strong week of gains while those in mainland Europe dipped.
Exclusive: U.S. toughens stance on foreign deals in blow to China’s buying spree
(Reuters) – A secretive U.S. government panel has objected to at least nine acquisitions of U.S. companies by foreign buyers so far this year, people familiar with the matter said, a historically high number that bodes poorly for China’s overseas buyin…
Tech group sides with Apple in Qualcomm’s iPhone ban dispute
(Reuters) – A group representing major technology companies has aligned itself against Qualcomm Inc in its legal dispute with Apple Inc by calling on regulators to reject Qualcomm’s bid to ban the import of iPhones.
Chipotle shares fall on Norovirus, rodent incidents
BOSTON (Reuters) – Chipotle Mexican Grill Inc shares fell to a four-year low on Thursday after testing confirmed Norovirus in a customer who ate at one of the chain’s Virginia restaurants and a video of rodents crawling on the floor of a Dallas shop w…
Ex-Akebia employee faces losing bail in insider trading case
BOSTON (Reuters) – A former Akebia Therapeutics Inc employee accused of insider trading faced the growing possibility of having his bail revoked as a U.S. prosecutor argued on Thursday that he posed a flight risk and was growing “increasingly unhinged…
