AstraZeneca sees fall in 2016 earnings as Crestor loss weighs
LONDON (Reuters) – Drugmaker AstraZeneca warned on Thursday that revenue and earnings would drop this year due to the arrival of cheap generic rivals to its cholesterol fighter Crestor, which will offset growth in sales of newer medicines.
Vodafone reports sixth quarter of growth as recovery takes hold
LONDON (Reuters) – Mobile phone company Vodafone met expectations with a 1.4 percent rise in revenue in its third quarter, its sixth consecutive quarter of growth, as recovery in Europe gained pace.
U.S. Fed official backs tougher bank stress tests
(Reuters) – A top Federal Reserve official said on Thursday he backs tougher stress tests for “too big to fail” banks including higher capital requirements that would make them “even more binding.”
Redstone seen resigning as Viacom chair after stepping down at CBS
NEW YORK/LOS ANGELES (Reuters) – Viacom’s board appears poised to replace Sumner Redstone as chairman on Thursday, after the aging mogul stepped down from his executive role at the top of CBS, but it was not apparent who would get his job at Viacom as …
Airline battle brews in Gulf as Iran eyes regional hub role
PARIS/DUBAI (Reuters) – An economic battle is likely for dominance of the skies over the Gulf after Iran decided to invest $27 billion in an airline fleet capable of taking on the region’s supercarriers.
Toshiba sees bigger loss as restructuring costs mount
TOKYO (Reuters) – Japanese industrial conglomerate Toshiba Corp said it expects a bigger loss than it previously forecast amid mounting restructuring costs after a $1.3 billion accounting scandal.
China seeks food security with $43 billion bid for Syngenta
BASEL, Switzerland (Reuters) – China made its boldest overseas takeover move when state-owned ChemChina agreed a $43 billion bid for Swiss seeds and pesticides group Syngenta on Wednesday, aiming to improve domestic food production.
Trans-Pacific Partnership trade deal signed, but years of negotiations still to come
WELLINGTON (Reuters) – The Trans-Pacific Partnership, one of the world’s biggest multinational trade deals, was signed by 12 member nations on Thursday in New Zealand, but the massive trade pact will still require years of tough negotiations before it …
Honda says to recall around 341,000 Accord sedans in U.S. over restraint system
TOKYO (Reuters) – Honda Motor Co said on Thursday its U.S. unit will recall 341,000 Accord sedans in the United States to replace an electric control unit used in its restraint system after confirming two injuries linked to the units.
ChemChina, Syngenta to move quickly on U.S. national security review
WASHINGTON (Reuters) – State-owned China National Chemical Corp [CNNCC.UL], which plans to buy Swiss seeds and pesticide maker Syngenta, will promptly start preparations for what could be a lengthy U.S. national security review, as the House Agricultur…
