Valeant hires attorney, crisis management firm as U.S. scrutiny mounts
WASHINGTON/NEW YORK (Reuters) – U.S. pharmaceuticals firm Valeant, under mounting pressure from Congress and prosecutors over its drug pricing, has hired an attorney in Washington, DC and crisis public relations experts with political connections, acco…
Wall Street veterans say rate-hike past is not prologue for markets
NEW YORK (Reuters) – It has only been six years since the U.S. stock market rout brought on by the financial crisis, but as far as Deena Katz’s clients are concerned, that might as well be ancient history.
For big business seeking CO2 emissions price, a ray of hope from Paris
PARIS (Reuters) – For the most part, big business wanted one thing from the climate accord in Paris on Saturday: a price on carbon dioxide (CO2) emissions. While on the surface their hopes were dashed, looking deeper may give them cause for hope.
China economy shows signs of steadying, more policy support needed
BEIJING (Reuters) – China’s activity data was stronger than expected in November, with factory output growth picking up to a five-month high, signaling that a flurry of stimulus measures from Beijing may have put a floor under a fragile economy.
Renault-Nissan’s French peace deal leaves investors underwhelmed
PARIS (Reuters) – The Renault-Nissan alliance drew a line under an eight-month power struggle with the French government on Friday, with a compromise deal balancing increased state influence at Renault with weakened control over its Japanese affiliate….
Volatility the surest bet in stocks after Fed meets
NEW YORK (Reuters) – Stock market investors are ready for the first U.S. Federal Reserve interest rate hike in nearly a decade next week, but they may not be fully prepared for all of the nuanced remarks likely to accompany that announcement.
Dow, DuPont set $130 billion megamerger, could spark more deals
(Reuters) – Chemical titans DuPont and Dow Chemical Co have agreed to combine in an all-stock merger valued at $130 billion in a first step toward breaking up into three separate businesses, a move that pleased activist investors and could trigger more…
Dow, DuPont set $130 billion megamerger, could spark more deals
(Reuters) – Chemical titans DuPont and Dow Chemical Co have agreed to combine in an all-stock merger valued at $130 billion in a first step toward breaking up into three separate businesses, a move that pleased activist investors and could trigger more…
Warren Buffett cuts Munich Re stake to below 5 percent
FRANKFURT (Reuters) – Warren Buffett has cut his stake in German reinsurer Munich Re again, after warning earlier this year that prospects for the reinsurance industry had turned gloomier.
Goldman reigns supreme in record M&A year
(Reuters) – As iconic brands are snapped up and corporations merged and swallowed in a record-breaking whirl of deals, there has been one constant: Goldman Sachs Group Inc .
