How drugmakers face global push-back on high prices
LONDON (Reuters) – Pharmaceutical companies are under fire around the world as a wave of new treatments for cancer and other serious conditions reach the market at ever rising prices, and the pressure looks set to increase.
U.S. labor market tightening; productivity drops in first quarter
WASHINGTON (Reuters) – New applications for U.S. jobless benefits fell sharply last week and the number of Americans on unemployment rolls hit a 17-year low, pointing to a tightening labor market that could allow the Federal Reserve to raise interest r…
U.S. trade deficit improves slightly in March
WASHINGTON – The U.S. trade deficit improved slightly in March amid broad declines in both imports
Viacom beats estimates but faces distribution headwinds
(Reuters) – Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon, reported second-quarter profit that beat estimates on Thursday, but worry that it will lose revenue from a big cable distributor weighed on its stock.
S&P 500 tech index edges toward $5 trillion while Apple steals spotlight
NEW YORK/SAN FRANCISCO (Reuters) – While some investors have been waiting for Apple’s market capitalization to reach $1 trillion, those looking for big round numbers might be better off looking to the S&P 500 technology index as a whole, which is approaching the $5 trillion mark.
Airlines ‘self-inflicted’ problems under glare of U.S. Senate panel
WASHINGTON (Reuters) – Chicago Aviation Commissioner Ginger Evans on Thursday apologized for the behavior of employees who forcibly removed a United Airlines passenger at a U.S. Senate hearing on the industry’s customer service failures.
China’s Ant set to ink $3.5 billion loan to help fund MoneyGram bid – Basis Point
HONG KONG (Reuters) – China’s Ant Financial, an affiliate of online shopping giant Alibaba Group , is close to signing a $3.5 billion loan a part of which will help fund its purchase of U.S. money transfer company MoneyGram International , Thomson Reut…
Nissan’s premium brand Infiniti global sales up 12 percent in April
BEIJING (Reuters) – Nissan Motor Co’s premium brand Infiniti sold a total of 17,578 vehicles in April, an increase of 12 percent from a year earlier, which pushed the brand’s worldwide sales in the first four months of this year to 84,947 vehicles, up …
Amazon launches fresh grocery service in German cities
BERLIN (Reuters) – Amazon launched deliveries of fresh groceries in Berlin and neighboring Potsdam on Thursday for members of its Prime subscription service, a move that could accelerate online sales of food that have been sluggish in Germany so far.
HSBC says U.S. deferred prosecution impacting capital repatriation
LONDON (Reuters) – HSBC’s deferred prosecution agreement (DPA) with the U.S. Department of Justice may impact the bank’s ability to repatriate some $8 billion in capital the lender has ‘trapped’ in the country, its finance director said on Thursday.
