KaloBios fires Shkreli as CEO
(Reuters) – Drugmaker KaloBios Pharmaceuticals Inc said it fired Martin Shkreli as chief executive on Dec. 17, the day he was arrested on charges of a securities fraud.
Alibaba names new head of anti-counterfeiting, IP unit
(Reuters) – Alibaba Group Holding Ltd appointed Matthew Bassiur as head global intellectual property enforcement to oversee the company’s anti-counterfeiting and intellectual property rights protection efforts.
McDonald’s exploring sale of stake in Japanese arm: Nikkei
(Reuters) – McDonald’s Corp is reaching out to investors about selling a part of the fast-food company’s stake in its Japanese arm for about 100 billion yen ($826.2 million), the Nikkei business daily reported, without citing sources.
BMW hit with $40 million U.S. penalty for safety lapses
(Reuters) – U.S. auto safety regulators on Monday fined BMW $10 million, part of a $40 million civil settlement over the German automaker’s safety lapses.
Carl Icahn raises offer for Pep Boys, tops Bridgestone’s offer
(Reuters) – Pep Boys – Manny Moe & Jack, a U.S. auto parts retailer, said billionaire investor Carl Icahn raised his offer for the company, topping Bridgestone Corp’s bid by $1.00 a share, to value the company at about $900 million.
Ericsson signs patent deal with Apple, shares soar
STOCKHOLM (Reuters) – Swedish mobile telecom gear maker Ericsson said it had signed a patent license deal with Apple Inc over technology that helps smartphones and tablets connect to mobile networks, sending its shares up much as 8 percent.
JPMorgan to pay $150 million in ‘London Whale’ U.S. class action
NEW YORK (Reuters) – JPMorgan Chase & Co has agreed to pay $150 million to resolve a securities fraud lawsuit by investors suing the bank over its “London Whale” trading scandal, which caused a $6.2 billion loss.
FTC rejected raised divestiture offer for Staples-Office Depot deal
(Reuters) – Office supply retailer Staples Inc said the U.S. Federal Trade Commission had rejected its raised offer to divest up to $1.25 billion of commercial contracts to secure approval for its acquisition of smaller rival Office Depot Inc.
Toshiba to book record loss, cut 5 percent of workforce this year
TOKYO (Reuters) – Toshiba Corp said on Monday it would book a record net loss this year and cut around 5 percent of its workforce as the sprawling conglomerate, reeling from a $1.3 billion accounting scandal, focuses on chips and nuclear energy.
Strikes at Amazon German warehouses up to Christmas
BERLIN (Reuters) – Workers at German warehouses of U.S. online retailer Amazon.com Inc were called out on a new strike by labor union Verdi on Monday as part of a long-running dispute over pay and conditions.
