Novartis buys remaining rights to GSK treatment for up to $1 billion
ZURICH (Reuters) – Novartis has agreed to buy all remaining rights to Ofatumumab from Britain’s GlaxoSmithKline for up to $1 billion, boosting the Swiss drugmaker’s stable of multiple sclerosis (MS) treatments.
Exclusive: Toyota to buy 13 million air-bag inflators from Takata rival – sources
TOKYO (Reuters) – Toyota Motor Corp , in a bid to reduce its risk from potentially lethal air-bag inflators supplied by Takata Corp , will buy millions of them from smaller parts maker Nippon Kayaku Co , people familiar with the matter said.
Fed’s tightening cycle scenario involves risky bet on inflation
WASHINGTON (Reuters) – Federal Reserve officials planning to lift interest rates as soon as September have been encouraged by solid U.S. jobs growth, but inflation holds the key to how far the Fed can go in moving rates away from zero.
In downturn, frackers turn to toilet water in drought-prone Texas
HOUSTON (Reuters) – Top shale oil producer Pioneer Natural Resources Co has found an unusual way to both save water and cut costs for its wells: tapping the treated runoff from toilets, sinks and showers in west Texas.
McDonald’s grilled over labor, tax practices at Brazil hearing
BRASILIA (Reuters) – McDonald’s Corp , the world’s biggest fast-food chain, was accused of mistreating its employees and dodging taxes on Thursday during a Senate hearing in Brazil, where politicians, union leaders and workers from five continents voic…
Fedex reaches tentative agreement with pilots
(Reuters) – FedEx pilots tentatively agreed with the package delivery company on an amended collective bargaining agreement, the Air Line Pilots Association (ALPA) said.
Wall St. tumbles on global slowdown concern; Disney slumps
(Reuters) – The S&P 500 tumbled to a more than six-month low on Thursday, closing in negative territory for the year, on concern a decelerating Chinese economy will translate into slower global growth.
Fedex reaches tentative agreement with pilots
(Reuters) – FedEx pilots tentatively agreed with the package delivery company on an amended collective bargaining agreement, the Air Line Pilots Association (ALPA) said.
HP revenue falls on weak PC sales, lower demand for services
(Reuters) – Hewlett-Packard Co reported a drop in revenue for the fourth straight quarter, hurt by weak PC sales and lower demand from corporates for its services.
Salesforce raises full-year revenue forecast again
(Reuters) – Salesforce.com Inc reported better-than-expected quarterly revenue and profit, helped by an increase in demand for its Web-based sales and marketing software, and raised its revenue forecast for the full year for the third time.
