U.S. FTC requires divestitures in $13.53 billion Boehringer-Sanofi deal
WASHINGTON (Reuters) – German pharmaceutical company Boehringer Ingelheim agreed to divest five types of animal health products to settle charges that a proposed asset swap with Sanofi would harm competition, the U.S. Federal Trade Commission said on W…
Sprint, OneWeb say 8,000 jobs announced by Trump are part of SoftBank pledge
PALM BEACH, Fla. (Reuters) – U.S. President-elect Donald Trump on Wednesday said telecommunications group Sprint Corp and a U.S. satellite company OneWeb will bring 8,000 jobs to the United States, and the companies said the positions were part of a p…
U.S. shale companies to boost spending as banks loosen purse strings
(Reuters) – U.S. shale drillers are set to ramp up spending on exploration and production next year as recovering oil prices prompt banks to extend credit lines for the first time in two years.
Writedown fears wipe $5 billion off Toshiba’s value as it weighs options
TOKYO (Reuters) – A looming writedown at Japanese conglomerate Toshiba Corp has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hol…
Largest drop in two months as Wall St. rally loses steam
NEW YORK (Reuters) – U.S. stocks fell in low volume on Wednesday in a broad decline triggered in part by a sharp drop in home resales.
New York eases proposed cyber regulations after industry complaints
(Reuters) – New York state’s financial regulator on Wednesday issued a revised proposal for the nation’s first cyber security rules for banks and insurers, loosening some security requirements and delaying implementation by two months to March 1.
Trump says Sprint to bring 5,000 jobs back to U.S.
PALM BEACH, Fla. (Reuters) – U.S President-elect Donald Trump said on Wednesday wireless carrier Sprint Corp will bring 5,000 jobs back to the United States and OneWeb, a new company, will be hiring 3,000 people.
South Korea fines Qualcomm $854 million for violating competition laws
SEJONG, South Korea/SAN FRANCISCO (Reuters) – South Korea’s antitrust regulator fined Qualcomm Inc 1.03 trillion won ($854 million) for what it called unfair business practices in patent licensing and modem chip sales, a decision the U.S. chipmaker sa…
U.S. fund investors cheer stocks at year’s end
(Reuters) – Investors’ enthusiasm for equities and corporate bonds showed little sign of waning during the latest week, with funds in both categories scooping up more money, data from the Investment Company Institute showed on Wednesday.
Abbott gets U.S. antitrust approval to buy St. Jude Medical
WASHINGTON (Reuters) – Healthcare company Abbott Laboratories has won U.S. antitrust approval for its proposed $25 billion acquisition of medical device maker St. Jude Medical Inc , the U.S. Federal Trade Commission said on Tuesday.
