Macy’s joins Kohl’s, Target in keeping holiday season hiring flat
(Reuters) – Macy’s Inc said it would hire about 83,000 temporary workers for the holiday quarter, the third major retailer after Kohl’s and Target to keep seasonal hiring largely unchanged from last year.
Allergan to buy Tobira in push for NASH treatments
(Reuters) – Allergan Plc said it would buy Tobira Therapeutics Inc in a deal worth up to $1.7 billion, about 19 times the company’s current value, to get a leg up in the race to develop therapies for NASH, an incurable fatty liver disease.
Netflix CEO says no progress in entering China
WARSAW (Reuters) – Netflix Inc has made no progress in its plan to enter the potentially lucrative Chinese market as it needs to obtain a government license, its Chief Executive Officer Reed Hastings said on Tuesday.
Global stocks, dollar subdued as Fed, BOJ meetings begin
LONDON (Reuters) – Shares made modest gains and the dollar lost ground against the yen on Tuesday as investors awaited the outcomes of Federal Reserve and Bank of Japan policy meetings that will conclude on Wednesday.
Oil falls on U.S. crude stock rise, Venezuela warning
LONDON (Reuters) – Oil prices edged lower on Tuesday ahead of an expected build in U.S. crude oil stocks and on Venezuelan comments that the oil market remains oversupplied by 10 percent.
Monitor funds’ influence on German business: monopolies body
BERLIN (Reuters) – Germany needs to keep a closer eye on the influence of funds and institutional investors on German business because they may be distorting competition, the head of the Monopolies Commission said on Tuesday.
GlaxoSmithKline names insider Emma Walmsley as new CEO
LONDON (Reuters) – GlaxoSmithKline said on Tuesday it had chosen its head of consumer healthcare, Emma Walmsley, as its new chief executive, after several months reviewing internal and external candidates.
UBS cuts 56 jobs in Luxembourg in cost-cutting drive
ZURICH (Reuters) – Swiss lender UBS has cut 56 back-office jobs in Luxembourg, part of efforts to cut costs as banks struggle to grow revenue.
Bayer raises sales targets for top-selling drugs after Monsanto deal
FRANKFURT (Reuters) – German drugmaker Bayer said its two best-selling drugs had a higher annual peak sales potential than previously targeted, after the agreed $66 billion takeover of Monsanto stirred criticism it might neglect its pharmaceuticals b…
SWIFT plans measure to help spot fraudulent bank transfers
LONDON (Reuters) – The SWIFT inter-bank messaging network plans to send daily reports to clients to help them more quickly identify unauthorized payment instructions like those used by hackers to steal $81 million from Bangladesh’s central bank in February.
