Sanofi’s M&A misses frustrate some investors in drugmaker
PARIS/DAVOS, Switzerland (Reuters) – For the last year, Sanofi’s chief executive has made clear his quest for deals to help revive the fortunes of France’s biggest drugmaker.
Indonesia watchdog says former CEO of airline Garuda a bribery suspect
JAKARTA (Reuters) – Indonesia’s anti-corruption agency said on Thursday it was treating the former chief executive of airline PT Garuda Indonesia Tbk as a suspect in a bribery case.
More TV networks follow Netflix to binge-watching model
LOS ANGELES (Reuters) – Traditional TV networks are following Netflix Inc’s lead by releasing all new episodes of a series at the same time, a step to win over binge viewers who do not want to wait a week for the next installment.
China extends Hollywood push with $1 billion Paramount investment
NEW YORK (Reuters) – Viacom Inc’s Paramount Pictures will receive a $1 billion cash investment from two Chinese film companies, Shanghai Film Group (SFG) and Huahua Media, giving the U.S. studio much-needed cash and support as it attempts to grow.
Fed’s Yellen says unwise to allow U.S. economy to run ‘hot’
PALO ALTO, Calif. (Reuters) – With monetary policy still modestly accommodative, the U.S. central bank should continue to raise interest rates slowly or risk harm to the recovery the Fed has sought to nurture, Federal Reserve Chair Janet Yellen said on…
Toshiba shares extend losses on accounting woes
TOKYO (Reuters) – Shares in Japan’s Toshiba Corp extended losses on Friday, weighed down by concern over a potentially bigger-than-expected $6 billion writedown triggered by cost overruns at its U.S. nuclear business.
Samsung Electronics says to hold Galaxy Note 7 briefing on January 23
SEOUL (Reuters) – Samsung Electronics Co Ltd said it will announce on Jan. 23 the results of a probe on what caused some Galaxy Note 7 smartphones to catch fire, as the firm seeks to recover from one of the biggest product safety failures in tech histo…
IBM revenue fall dims upbeat profit forecast
(Reuters) – International Business Machines Corp reported its 19th straight quarter of declining revenue, but forecast full-year earnings above Wall Street estimates due to growth in newer areas such as cloud-based services and analytics.
Wall Street falls as investors ready for Trump’s inauguration
NEW YORK (Reuters) – U.S. stocks fell on Thursday, continuing to pull back from the post-election rally, on investor caution ahead of Donald Trump’s inauguration as president on Friday.
AmEx profit misses estimates on higher marketing spend
(Reuters) – American Express Co posted a lower-than-expected quarterly profit on Thursday as the credit card issuer boosted spending on marketing and promotion to fend off rising competition.
