Dealmakers aplenty, SoftBank’s Son looks for wonks
(Reuters) – Deep Nishar spends more time roaming university hallways than he does corporate boardrooms.
Janssen files suit in U.S. to block sale of Samsung Bioepis’ Remicade copy
SEOUL (Reuters) – A unit of healthcare conglomerate Johnson & Johnson filed a lawsuit to block a copy of its rheumatoid arthritis drug Remicade made by South Korea’s Samsung Bioepis Co Ltd from being sold in the United States.
Dollar remains weak as beating eases for global stocks
LONDON (Reuters) – The dollar limped toward its worst week since last July on Friday and world stocks headed for their first weekly fall in five, as storms surrounding Donald Trump’s U.S. presidency and Latin America’s biggest economy, Brazil, began to…
Oil heads for second week of gains as output cut extension expected
LONDON (Reuters) – Oil prices were heading on Friday for a second week of gains on growing expectations that big crude exporters will extend output cuts to curb a persistent glut in inventories.
Humbled by Valeant, Ackman goes back to basics
LAS VEGAS (Reuters) – Bill Ackman said on Thursday he is poised to go on a great investment run after a humiliating bet forced his hedge fund firm to return to basics.
Cooperman, Omega settle SEC insider trading charges for $4.95 million
(Reuters) – Billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors Inc agreed on Thursday to pay $4.95 million to settle the U.S. Securities and Exchange Commission’s insider trading lawsuit against them.
BofA opens debate on lowering mortgage down payments
(Reuters) – The head of Bank of America Corp , the United State’s fourth-biggest mortgage lender, said on Thursday banks would be able to supply a bigger share of funding for home purchases if the standard down payment for buyers was cut to 10 percent …
Old Navy helps Gap sail through retail gloom
(Reuters) – Gap Inc reported a surprise rise in quarterly same-store sales, bucking the trend of dismal results in the U.S. retail industry, as the company benefited from the robust performance at its Old Navy brand.
Treasury’s Mnuchin concerned about alternate scoring models of Trump tax plan
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin told lawmakers on Thursday that he has some doubts that what are known as alternate scoring models will give enough credit to the potential for economic growth when assessing the impact of t…
Treasury’s Mnuchin: ‘We do not support breaking up banks’
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin told lawmakers on Thursday that the Trump administration does not support separating investment and commercial banks.
