Pfizer-Allergan talks accelerate amid new inversion clamp-down
NEW YORK/WASHINGTON (Reuters) – Pfizer Inc’s talks to acquire Allergan Plc in a $150 billion deal that would see the U.S. drug giant redomicile in Ireland accelerated on Wednesday, as the U.S. Treasury prepared to clamp down further on such tax inversi…
Volkswagen says 120,000 U.S. diesel owners will get gift cards, repairs
(Reuters) – Volkswagen of America said on Wednesday that 120,000 owners of diesel cars that have violated U.S. emission standards will receive $500 gift cards and $500 toward vehicle repairs.
Soothing Fed sounds send shares, emerging markets higher
LONDON (Reuters) – World shares and risk assets rallied and the dollar backed off highs on Thursday, after the Federal Reserve flagged a rate hike next month, but also an intention to take things slow and steady after that.
Australian law firm files $72-million class action against Volkswagen
SYDNEY (Reuters) – Law firm Maurice Blackburn will launch a class action lawsuit on Thursday on behalf of Australian owners of scam-tainted Volkswagen AG seeking total damages “well north” of A$100 million ($71.59 million).
Starboard urges Yahoo to drop Alibaba spinoff plan: WSJ
(Reuters) – Yahoo Inc shareholder Starboard Value LP has urged the online media company to halt the plan to sell its stake in Alibaba Group Holdings Ltd due to the risk of incurring taxes on the sale, the Wall Street journal reported.
Pfizer discussing Allergan offer at $370-$380 per share: source
(Reuters) – Pfizer Inc is in talks to acquire Allergan Plc for $370-$380 per share, according to a person familiar with the matter, valuing the potential deal at around $150 billion, the healthcare sector’s biggest.
Toyota says its fuel-cell vehicle gaining traction in California
(Corrects to show that state of California, not Toyota, has pledged to fund building of filling stations in last paragraph)
Best Buy focuses on growth, bets on appliances
CHICAGO (Reuters) – Best Buy Co Inc is betting that appliance sales will drive significant revenue growth in the future, a strategy that is likely to benefit the biggest U.S. electronics chain when it reports earnings on Thursday.
Monsanto CEO: data science key part of long-term growth
ST. LOUIS (Reuters) – Monsanto Co’s long-term growth plans, which include new crop-boosting technologies and expansion into new markets, relies heavily on data science, the “glue that holds the pieces together,” Chief Executive Hugh Grant said on Wedne…
Ackman’s Pershing Square Holdings off 24.5 percent YTD
NEW YORK (Reuters) – Billionaire hedge fund manager William Ackman’s Pershing Square Holdings portfolio has lost 24.5 percent this year, extending its fall this week as its biggest holding, Valeant Pharmaceuticals, declined further, the company said on…
