Sanofi sees ‘strong strategic’ fit with U.S. Medivation
PARIS (Reuters) – Sanofi sees a strong strategic fit with Medivation even though its tie-up proposal was rejected by the U.S. cancer drug maker last week, the company’s chief executive said on Wednesday.
Strong U.S. services sector data buoys economic outlook
WASHINGTON (Reuters) – The U.S. services sector expanded in April as new orders and employment accelerated, bolstering views that economic growth would rebound after almost stalling in the first quarter.
ICE shelves plans for London bourse counter bid
LONDON/BENGALURU (Reuters) – The New York Stock Exchange’s owner has shelved plans to make a counterbid for London Stock Exchange that could have derailed the British firm’s planned merger with Deutsche Boerse.
Oil turns lower after bigger-than-forecast U.S. crude build
NEW YORK (Reuters) – A bigger-than-expected build in U.S. crude inventories to fresh record highs pushed oil markets down after an early rally on Wednesday over concerns about production cuts in Canada’s oil sands region due to a wildfire.
Ferragamo SpA sues ex-LA Rams quarterback over same-name winery
(Reuters) – Salvatore Ferragamo SpA , the Italian luxury goods maker, on Wednesday sued former Los Angeles Rams football quarterback Vince Ferragamo, saying he infringed its trademarks by operating his namesake winery in southern California.
Exclusive: Target gets tough with vendors to speed up supply chain
CHICAGO (Reuters) – Discount retailer Target Corp is cracking down on suppliers as part of a multi-billion dollar overhaul to speed up its supply chain and better compete with rivals including Wal-Mart Stores Inc and Amazon.com Inc .
U.S. oil industry bankruptcy wave nears size of telecom bust
HOUSTON (Reuters) – The rout in crude prices is snowballing into one of the biggest avalanches in the history of corporate America, with 59 oil and gas companies now bankrupt after this week’s filings for creditor protection by Midstates Petroleum and …
Exclusive: Big data breaches found at major email services – expert
FRANKFURT (Reuters) – Hundreds of millions of hacked user names and passwords for email accounts and other websites are being traded in Russia’s criminal underworld, a security expert told Reuters.
Greek bank stocks could rise 90 percent on bailout cash deal: Morgan Stanley
LONDON (Reuters) – Greek banking stocks could rise 90 percent from current levels and yield premiums over German benchmark bonds narrow if Greece and its creditors can reach a deal on releasing new bailout funds and debt relief, Morgan Stanley said on …
Time Warner profit beats expectations, boosted by Turner, HBO
(Reuters) – Time Warner Inc reported higher-than-expected earnings on Wednesday on strong revenue from its HBO cable channel and Turner Broadcasting unit.
