Global stock markets can deliver robust returns despite FX swings: study
LONDON (Reuters) – Investors allocating funds across global stock markets can earn an average return of up to 12 percent a year despite currency swings, a study showed on Thursday.
Cigna CEO says has begun talks with regulators about Anthem deal
NEW YORK (Reuters) – Cigna Corp CEO David Cordani said on Thursday that the company has begun conversations with regulators, including state regulators and antitrust regulators, about its $47 billion agreement to be purchased by Anthem Inc. .
U.S. jobless claims increase, but still near cycle lows
WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits increased last
Teva’s MS drug Copaxone has strong second-quarter sales
JERUSALEM (Reuters) – Teva Pharmaceutical Industries , which this week revealed plans to buy Allergan’s generics drugs business in a $40.5 billion deal, said on Thursday sales of its branded multiple sclerosis drug Copaxone rose 12 percent in the secon…
Conoco results beat estimates, cuts capex amid low oil price
(Reuters) – ConocoPhillips , the largest U.S. independent oil and gas company, reported quarterly results that beat analysts’ expectations Thursday and said it would cut capital expenditure as low crude oil prices persist.
Blackstone sells stake in Indian auto parts maker to consortium
(Reuters) – A fund run by U.S. private equity firm Blackstone Group has sold its 97.9 percent stake in Indian auto components maker Agile Electric Sub Assembly to a group of buyers, including Japan’s Igarashi Electric Works, for an undisclosed amount.
Greek PM suggests party referendum to overcome split in Syriza
ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras on Thursday called for his Syriza party to hold an emergency congress next month to overcome divisions but said a snap party referendum would be acceptable if leftist dissenters wanted a quicker so…
Shell to axe 6,500 jobs and cut spending to cope with lower oil prices
LONDON (Reuters) – Royal Dutch Shell is to axe 6,500 jobs this year and step up spending cuts, responding to an extended period of lower oil prices which contributed to a 37 percent drop in the oil and gas group’s second-quarter profits.
Failed FT bid shows Axel Springer caught between tradition and ambition
FRANKFURT/BERLIN (Reuters) – Axel Springer’s failure to clinch a deal to buy the Financial Times lengthens a line of setbacks in a decade-old quest by Germany’s biggest news publisher to expand abroad.
Nokia, Alcatel-Lucent post strong results as merger approaches
PARIS/HELSINKI (Reuters) – Shares in telecom network gear makers Nokia and Alcatel-Lucent jumped on Thursday after both posted strong second-quarter results, giving a positive signal ahead of their pending merger.
