Exclusive: Pfizer is mystery bidder for rare disease drugmaker Sobi – sources
NEW YORK/LONDON (Reuters) – Pfizer Inc is the mystery bidder for Swedish Orphan Biovitrum AB , the rare disease specialist which disclosed this week that a potential buyer had made a preliminary offer, people with knowledge of the situation said.
Nokia’s network profits drop, raise concerns over Alcatel deal
HELSINKI/PARIS (Reuters) – Finland’s Nokia reported quarterly profits well below market forecasts at its telecom network equipment business, sending its stock tumbling 10 percent and raising concerns over its planned takeover of smaller rival Alcatel-L…
Exclusive: EU regulators to clear Orange deal to buy Jazztel – sources
BRUSSELS/MADRID (Reuters) – French telecoms group Orange is set to secure European Union approval for its 3.4-billion-euro ($3.79 billion) deal to acquire Spanish fixed line network operator Jazztel after offering to strengthen rivals in Spain, four pe…
Deal questions loom as Time Warner Cable reports subscriber uptick
(Reuters) – Time Warner Cable Inc on Thursday reported a bigger-than-expected rise in video subscriptions for the first quarter but gave no indication of any merger deals after Comcast Corp withdrew its bid to buy the company.
Eurogroup’s Dijsselbloem: there is a plan B for Greece
AMSTERDAM (Reuters) – The head of the Eurogroup said on Thursday that Europe is prepared for various outcomes to the standoff between Greece and its creditors.
Cost cuts help New York Times profit beat estimates
(Reuters) – New York Times Co reported a better-than-expected quarterly profit as its cost-cutting initiatives offset a decline in revenue.
U.S. jobless claims at 15-year low; consumer spending rises
WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits tumbled to a 15-year low last week and consumer spending rose in March, signs the economy was regaining momentum after stumbling badly in the first quarter.
U.S. labor costs rise solidly; wage growth picks up
WASHINGTON, (Reuters) – U.S. labor costs rose solidly in the first quarter as wages in the private sector increased, which could keep the Federal Reserve on track to raise interest rates this year.
Shell pushes on with Arctic exploration as it awaits U.S. permit
LONDON (Reuters) – Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental groups.
U.S. data, Fed caution keep pressure on stocks, dollar
LONDON (Reuters) – World stock markets and the dollar remained in a sharp sell-off mode on Thursday, having been jolted sharply lower by weak U.S. growth data and cautious comments from the Federal Reserve.
