Dollar stays near 13-and-a-half year peak; BOJ bond operation weighs on yen
SINGAPORE/TOKYO (Reuters) – The dollar caught its breath on Thursday, after charging to a 13-1/2 year high against a basket of currencies on bets the Trump administration will adopt inflationary policies, while the yen sagged after a Bank of Japan bond…
Audi sees potential for just one diesel model in U.S.
LOS ANGELES (Reuters) – Luxury German auto brand Audi envisions the potential of just one diesel model in its U.S. product mix in the wake of the diesel emissions scandal that has embroiled its parent company Volkswagen AG , Audi’s U.S. head said on We…
Starboard Value up more than 10 percent, led by Depomed stake: document
NEW YORK (Reuters) – Starboard Value, the activist hedge fund behind shake-ups at Yahoo Inc and Marvell Technology Group Ltd , has notched an investment return of more than 10 percent this year on the back of boardroom deals and takeovers.
Roche, Bristol-Myers cut cancer drug prices to win UK approval
LONDON (Reuters) – Roche and Bristol-Myers Squibb on Thursday became the latest drugmakers to cut the price of cancer medicines in order to secure access to Britain’s National Health Service.
JPMorgan to settle U.S. government probe of China hiring: source
(Reuters) – JPMorgan Chase & Co will pay more than $250 million to settle allegations by the U.S. government that it had hired children of Chinese decision makers to win business, a source familiar with the matter told Reuters.
Dow, S&P 500 drop as U.S. bank rally wanes, tech boosts Nasdaq
NEW YORK (Reuters) – The S&P 500 closed lower and the Dow ended a seven-day rally on Wednesday as financial stocks fell but gains in technology stocks helped Nasdaq end the day higher.
Amgen’s migraine drug succeeds in late-stage trial
(Reuters) – Amgen Inc said on Wednesday its migraine treatment met the main goal of reducing monthly migraine days in patients with episodic migraine in a second late-stage study.
Icahn says Herbalife is undervalued, business can create jobs
NEW YORK (Reuters) – Carl Icahn, the activist investor who owns over $1.2 billion worth of Herbalife shares, said the stock is cheap, especially now that the cloud of a government investigation has lifted, and that the company will create a lot of job…
JPMorgan CEO Dimon may be headed to U.S. Treasury
NEW YORK/WASHINGTON (Reuters) – JPMorgan Chase & Co Chief Executive Jamie Dimon may still be in the running to become U.S. Treasury secretary, Fox Business Network reporters said on Wednesday, casting a cloud of uncertainty over the nation’s largest bank.
Cisco adjusted profit forecast misses estimates, shares slip
(Reuters) – Cisco Systems Inc forecast adjusted profit for the current quarter below analysts’ estimate, sending shares of the world’s largest networking gear maker down more than 4 percent in extended trading.
