Abbott to buy St. Jude for $25 billion to boost heart devices
(Reuters) – Abbott Laboratories said on Thursday that it would buy St. Jude Medical Inc in a $25 billion deal to expand its heart device business, but investors worried that the acquisition would not pay off as promised.
Wall Street sinks on BOJ fears, Icahn comments
(Reuters) – U.S. stocks closed down on Thursday as the Bank of Japan’s shocking call to cap monetary stimulus continued to rattle investors while a late day decline in Apple shares on remarks by billionaire investor Carl Icahn added to selling pressure…
Lawsuit accuses PwC of discriminating against older job applicants
(Reuters) – A lawsuit accusing PricewaterhouseCoopers LLP of violating U.S. discrimination law by hiring a “stunningly low” number of people over the age of 40 to maintain a youthful culture has been filed in San Francisco.
Stocks ride roller coaster into second longest bull market
NEW YORK (Reuters) – The first few months of the year have given investors both severe selloffs and powerful rallies, and U.S. stocks have now limped into the record books with the second-longest bull market in history – with an asterisk.
VW sees light at end of tunnel after U.S. emissions deal
WOLFSBURG, Germany (Reuters) – Volkswagen , battling to rebuild its reputation following a scandal over rigged emissions tests, said on Thursday it could see light at the end of the tunnel following a deal with U.S. authorities last week.
AbbVie forges deeper into cancer, as clock ticks for Humira
(Reuters) – AbbVie Inc placed another big bet on new cancer drugs on Thursday with a $5.8 billion acquisition that could lessen its dependence on arthritis treatment Humira, the world’s top selling drug.
Jet maker Bombardier used ‘aggressive’ pricing to win big Delta order
MONTREAL/ATLANTA (Reuters) – Bombardier scored a major order for its new CSeries passenger jets from Delta Air Lines Inc on Thursday, boosting the Canadian manufacturer’s stature in the airline industry even as it faces a long road back to profitabilit…
Truck sales drive record results at Ford; shares up
DETROIT (Reuters) – Ford Motor Co reported first-quarter net income that more than doubled thanks to robust deliveries of pickup trucks in North America and a profit rebound in Europe, but cautioned that results in the second half of the year would li…
U.S. economy stalls in first quarter as activity weakens broadly
WASHINGTON (Reuters) – U.S. economic growth braked sharply in the first quarter to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant l…
Credit Suisse boss Thiam must show turnaround plan on track
LONDON/ZURICH (Reuters) – Credit Suisse investors want answers from CEO Tidjane Thiam about his turnaround plan in the wake of $1 billion of unexpected trading writedowns at the bank, which has lost more than a third of its value since he joined 10 mo…
