Mylan CEO to testify before House panel over EpiPen pricing
WASHINGTON (Reuters) – Mylan NL Chief Executive Officer Heather Bresch will appear at a Sept. 21 congressional hearing over price increases for its allergy auto-injector EpiPen, the U.S. House of Representatives Oversight Committee said in a statement …
Fed minutes don’t always help predictability: ECB research paper
FRANKFURT (Reuters) – The U.S. Federal Reserve’s meeting minutes provide some assurances about future policy but do not necessarily improve the Fed’s predictability, a study published by the European Central Bank showed on Wednesday.
Citigroup says market revenue is exceeding expectations
NEW YORK (Reuters) – Citigroup Inc expects its third-quarter market revenue to show a mid-single-digit percentage point rise from a year earlier on strength in interest rates and currency trading, Chief Financial Officer John Gerspach said on Wednesda…
Liberty Global to offer Netflix to all customers
AMSTERDAM (Reuters) – Liberty Global , the international telecommunications company controlled by American tycoon John Malone, said on Wednesday it has struck a deal to offer Netflix to all its customers directly via cable set-top boxes.
Wells Fargo’s unit to sell fund administration business
(Reuters) – Wells Fargo & Co said it agreed to sell its fund administration business – Wells Fargo Global Fund Services (GFS) – to SS&C Technologies Holdings Inc .
Three ships chartered to troubled Hanjin sold, more on the block
SHANGHAI/SINGAPORE (Reuters) – Three ships chartered to Hanjin Shipping Co Ltd have been sold and two more vessels are up for sale, ship brokers said on Wednesday, kicking off an asset sale sparked by the failure of the world’s seventh largest contain…
UPS plans peak season hiring of 95,000 for third year straight
CHICAGO (Reuters) – Package delivery company United Parcel Service Inc said on Wednesday it plans to hire around 95,000 seasonal employees for its crucial peak holiday season this year, unchanged from the past two years as improvements to its network …
Wall Street banks need fundamental business model shift, McKinsey says
(Reuters) – Despite slashing billions in costs and retrenching from key businesses since the financial crisis, Wall Street banks still have not done enough to repair and restructure, according to a new report.
Bond sell-off keeps investors on edge
LONDON (Reuters) – Rising bond yields, triggered in part by deepening worries over the difficulty of the world’s major central banks to stimulate growth, kept investors in broadly risk-off mode on Wednesday.
Oil rises on smaller-than-expected build in U.S. crude stocks
LONDON (Reuters) – Oil prices firmed on Wednesday after falling by as much as 3 percent in the previous session, as data from an industry group showed a smaller-than-expected build in U.S. crude stockpiles.
