Oil lifts stocks off lows, yen and low-risk debt in favor
LONDON (Reuters) – Glimmers of recovery in oil prices on Wednesday lifted European stock markets off their lows and dimmed the allure of the Japanese yen, gold and ultra-low-risk government debt.
Seven $1 billion-plus drugs seen reaching market in 2016
LONDON (Reuters) – Drug companies are likely to launch seven “blockbuster” drugs in 2016, each with $1 billion-plus annual sales potential, led by new treatments for liver disease and HIV, according to a Thomson Reuters analysis.
G20 plays by the book as unnerved markets crave succour
LONDON (Reuters) – For all the hopes of healing world markets, it’s hard to see how a ‘jarring January’ suddenly becomes ‘feel-good February’.
Yahoo to look at strategic alternatives, cut jobs as it pursues spin-off
(Reuters) – Yahoo Inc said on Tuesday it would consider “strategic alternatives” for its core Internet business and cut about 15 percent of its workforce, even as it continues with its plan to revamp the business and spin it off.
Chipotle says California probe widens into national investigation
(Reuters) – Chipotle Mexican Grill Inc said a federal criminal probe linked to a food-safety incident at a California restaurant had widened into a national investigation, sending its shares down 7 percent in extended trading on Tuesday.
VW submits California plan to fix recalled 3.0 liter diesel SUVs, cars
WASHINGTON (Reuters) – The California Air Resources Board and Environmental Protection Agency said late on Tuesday that Volkswagen AG submitted a plan to fix 80,000 recalled 3.0 liter diesel SUVs and cars that emit up to nine times legally allowable po…
Exxon slashes spending after smallest profit in years
(Reuters) – Exxon Mobil Corp on Tuesday reported its smallest quarterly profit in more than a decade and said it will cut 2016 spending by one-quarter and suspend share repurchases as it copes with a prolonged downturn in crude prices.
Wall Street slides with Exxon, oil; Chipotle dips after close
(Reuters) – U.S. stocks dropped on Tuesday after another steep fall in oil prices and a disappointing spending forecast from Exxon Mobil.
U.S. January auto sales stronger than expected
DETROIT (Reuters) – U.S. auto sales fared better than expected in January as the industry continued to benefit from low gasoline prices, easy credit and moderate economic growth, major automakers said on Tuesday.
U.S. stock market reforms suggested to prevent market chaos
(Reuters) – A U.S. Securities and Exchange Commission committee said on Tuesday that limiting the types of stock orders available to retail investors and moving away from halting trading in individual stocks could help prevent a repeat of the market ch…
