Biogen slashes 2015 forecast as MS drug sales disappoint
(Reuters) – Sales of Biogen Inc’s roster of multiple sclerosis drugs failed to meet analysts’ expectation, prompting the company to slash its full-year profit and sales forecast.
ECB’s Noyer says Grexit risk has subsided
PARIS (Reuters) – The prospect of Greece being forced to leave the euro zone has lifted, ECB governing council member Christian Noyer said in an interview with Le Monde newspaper published on Friday.
Metals sink on China, Europe growth concerns as U.S. dollar firms
LONDON (Reuters) – Metal prices hit multi-year lows on Friday as weaker-than-expected data from China and the euro zone raised concerns about global growth, but the U.S. dollar rose on the prospects of a Federal Reserve interest rate hike.
Energy sector may prove expensive even if results beat estimates
(Reuters) – The battered energy sector may begin to brighten a little as companies report second-quarter results, but barring a big increase in the price of oil, the sector won’t be able to sustain even current share prices going forward, analysts and …
Laws passed, Greece to open bailout talks as recession pushes goals further
ATHENS/BRUSSELS (Reuters) – Greece’s creditors prepared on Thursday for the start of bailout talks in Athens, after lawmakers adopted a second package of reform measures before dawn despite a left wing rebellion that may bring early elections.
Second half of 2015 begins on shaky note
LONDON/SYDNEY (Reuters) – The global economy started the second half of the year on shaky ground as business activity in the euro zone was weaker than expected and China’s vast factory sector appeared to be contracting at the fastest pace in 15 months …
Nikkei’s Financial Times buy follows years of attempting to break into English news
(Reuters) – Nikkei’s $1.3 billion purchase of the Financial Times from Britain’s Pearson PLC marks the culmination of decades of attempts by the Japanese household name to break into mainstream English-language media.
Amazon shares soar on surprise profit, market value tops Wal-Mart’s
(Reuters) – Amazon.com Inc shares surged more than 17 percent on Thursday as the online retailer posted an unexpected quarterly profit, pushing its market value above that of Wal-Mart Stores Inc , the world’s largest retailer.
Lawsuit accuses 22 banks of manipulating U.S. Treasury auctions
NEW YORK (Reuters) – Twenty-two financial companies that have served as primary dealers of U.S. Treasury securities were sued in federal court on Thursday, in what was described as the first nationwide class action alleging a conspiracy to manipulate T…
AT&T clears final hurdle to close DirecTV merger: sources
WASHINGTON (Reuters) – AT&T Inc’s proposed $48.5 billion purchase of DirecTV has cleared its final regulatory hurdle as the U.S. Federal Communications Commission voted on Thursday to approve the merger, according to people familiar with the votes.
