Fresenius snaps up Akorn, Merck KGaA’s biosimilars in separate deals
FRANKFURT (Reuters) – German healthcare conglomerate Fresenius SE & Co KGaA revved up the pace of its deals by acquiring U.S. generic drugmaker Akorn Inc for $4.75 billion (4.37 billion euros), and in a separate agreement, the biosimilars unit of German peer Merck KGaA .
Number of U.S. bank branches to shrink 20 percent in five years: real estate report
(Reuters) – The number of bank branches in the United States will shrink by as much as 20 percent in five years, according to a report from commercial real estate firm JLL.
Express Scripts says Anthem unlikely to renew contract after 2019
(Reuters) – Express Scripts Holding Co, the largest pharmacy benefit manager in the United States, said health insurer Anthem Inc was unlikely to renew its contract with the company.
MetLife asks court to halt ‘too big to fail’ case during Trump review
WASHINGTON (Reuters) – MetLife Inc is asking a U.S. court to put on pause a case over how the government deems certain companies “too big to fail,” one of the most significant reforms to come out of the financial crisis, while President Donald Trump’s…
Alitalia workers reject rescue plan, pressuring Rome to step in
ROME/MILAN (Reuters) – Workers in loss-making Italian airline Alitalia rejected a management restructuring plan to cut jobs and salaries on Monday, betting that the government will be asked to call in an administrator to draft an alternative rescue pla…
T-Mobile open to merger talks, new subscribers top estimates
(Reuters) – T-Mobile US Inc is open to merger talks after a federal ban expires this week, the No. 3 U.S. wireless carrier said on Monday, as it reported stronger-than-expected subscriber growth in the first quarter.
Wells Fargo has satisfactory ‘living will’ plan: Fed
WASHINGTON (Reuters) – Wells Fargo & Co has presented the Federal Reserve with a satisfactory plan on how to unwind its business in case of bankruptcy, the U.S. central bank said on Monday.
Automotive supplier breaks ground on rare new Detroit factory
DETROIT (Reuters) – U.S. auto parts maker Flex-N-Gate will build a plant in Detroit in what local officials described on Monday as the first new investment by an automotive supplier in decades for Motor City, the cradle and former beating heart of the …
Wells Fargo board pays price for letting whistleblowers whistle in the wind
NEW YORK (Reuters) – Wells Fargo & Co directors could have avoided a shareholder backlash over a sales practices scandal if they had paid more attention to scores of whistleblowers who complained, in vain, for years.
General Motors fires 2,700 in Venezuela after plant closure: workers
CARACAS (Reuters) – General Motors’ Venezuelan subsidiary has sent a message to almost 2,700 staff informing them that they are no longer employed by the company and had received severance pay in their bank accounts, according to two employees.
