Oil up 1 percent; Cushing draw data offset by Wall Street drop
NEW YORK (Reuters) – Oil prices rose as much as 1 percent on Thursday, boosted by inventory draws at the U.S. crude futures’ delivery hub although gains were capped by tumbling equity prices on Wall Street.
U.S. appeals court upholds Shire’s patents on hyperactivity drug
(Reuters) – A U.S. appeals court has upheld drugmaker Shire’s patents for its top-selling drug Vyvanse, blocking five generic drug makers from launching cheaper versions of the drug to treat attention deficit hyperactivity before 2023.
Wells Fargo has biggest energy exposure among large U.S. banks: Raymond James
(Reuters) – Wells Fargo & Co has the largest exposure to loans to energy companies among major U.S. lenders, a report from Raymond James said, amid concerns that banks may have to set aside more money to cover bad loans to the industry.
Exclusive: Pivoting after failed Syngenta bid, Monsanto to build big data business
CHICAGO/KANSAS CITY (Reuters) – With its shares trading at three-year-lows since it abandoned a $46 billion bid to buy Syngenta AG last month, Monsanto Co plans to offer its shareholders a new corporate vision: a future in big data.
Coca-Cola to sell nine U.S. bottling plants, set up new supply system
NEW YORK (Reuters) – Coca-Cola Co said on Thursday it plans to sell nine production facilities to three of its largest independent bottlers as it seeks to unload low-margin assets and reduce manufacturing costs in the United States.
Lockheed says U.S. approves its $9 billion takeover of Sikorsky
WASHINGTON (Reuters) – Lockheed Martin Corp said on Thursday that U.S. officials have approved its $9 billion takeover of Black Hawk helicopter maker Sikorsky Aircraft from United Technologies Corp.
Porsche’s Mueller called in to steer VW through crisis
BERLIN (Reuters) – Porsche boss Matthias Mueller once joked that he was too old to run Volkswagen but the 62-year-old now looks certain to be given the task of steering the German car maker through the worst business crisis in its history.
Target appoints new operations leader to identify customer needs faster
CHICAGO (Reuters) – Target Corp on Thursday appointed Anu Gupta to a newly created operational role that is expected to help the retailer anticipate customer needs quickly.
BMW denies report about emissions manipulations
BERLIN (Reuters) – BMW said it has not manipulated emissions tests, denying a magazine report saying some of its diesel cars were found to exceed emissions standards.
Volkswagen boss quits over diesel emissions scandal
BERLIN (Reuters) – Volkswagen Chief Executive Martin Winterkorn resigned on Wednesday, succumbing to pressure for change at the German carmaker, which is reeling from the admission that it deceived U.S. regulators about how much its diesel cars pollute…
