‘Pharma bro’ Martin Shkreli heads into fraud trial
NEW YORK (Reuters) – Martin Shkreli, the pharmaceutical entrepreneur vilified as the “pharma bro” for raising the price of a life-saving drug by 5,000 percent, will go on trial on Monday for what U.S. prosecutors called a Ponzi-like scheme at his forme…
Nestle ‘committed’ to strategy as activist investor moves in
LONDON (Reuters) – Nestle , the world’s largest food maker, remains committed to its strategy, as it faces criticism from activist shareholder Third Point from the United States.
EU court seen ruling on Intel antitrust case next year: judge
PARIS (Reuters) – Europe’s top court is likely to rule on Intel’s appeal against a record 1.06 billion euro ($1.19 billion) EU antitrust fine next year, an EU judge said on Monday, a case that may affect companies such as Google and Qualcomm in the …
Oil edges higher; growing U.S. supply limits gains
NEW YORK (Reuters) – Oil prices crept higher on Monday in quiet trade that featured bargain hunting after prices slid last week and hit seven-month lows, but gains were limited by rising crude supply in the United States and other countries.
Clogged oil arteries slow U.S. shale rush to record output
GUERNSEY, WYOMING (Reuters) – A gallon of gasoline that allows a driver on the U.S. East Coast to travel about 25 miles has already navigated thousands of miles from an oil field to one of the world’s largest fuel markets.
Intesa sees closure of 600 branches, exit of 3,900 staff in Veneto banks deal
MILAN (Reuters) – Intesa Sanpaolo said on Monday its planned acquisition of the good assets of Banca Popolare di Vicenza and Veneto Banca could lead to the closure of around 600 branches and the departure, on a voluntary basis, of around 3,900 staff.
Facebook in talks to produce original TV-quality shows: WSJ
(Reuters) – Facebook Inc is in talks with Hollywood studios about producing scripted, TV-quality shows, with an aim of launching original programming by late summer, the Wall Street Journal reported on Sunday.
Investing with ‘green’ ratings? It’s a gray area
BOSTON/NEW YORK (Reuters) – Investors betting trillions on ethically-appealing stocks may not be getting all they expect.
China jails Crown Resorts staff over gambling crimes
SHANGHAI (Reuters) – A Chinese court jailed 16 employees of Crown Resorts Ltd, including three Australians, in a quick-fire trial on Monday that caps a lengthy probe into how the firm lured Chinese high-rollers to its casinos.
Pandora Media’s CEO Tim Westergren to step down: Recode
(Reuters) – Music streaming service Pandora Media Inc’s founder and chief executive, Tim Westergren, plans to step down, Recode reported citing people familiar with the company’s plans.
