Pfizer to shutter vaccines sales business in China
SHANGHAI (Reuters) – U.S. drugmaker Pfizer Inc said on Thursday it will cease its vaccines sales operations in China after an import license for one of its top-selling treatments, the only vaccine it sold in the country, was not renewed.
JPMorgan Chase on track to pay $9 billion to homeowners as part of settlement
WASHINGTON (Reuters) – JPMorgan Chase & Co is on track to meet its mandate to provide billions of dollars in consumer relief to struggling homeowners as part of a settlement it reached over bad residential mortgage-backed securities it sold before the financial crisis, an independent monitor said on Thursday.
Big bank brokers use decoys, spy tactics to go alone
PITTSBURGH(Reuters) – Secret contracts, covert real-estate deals, scurrying around after nightfall to avoid detection: this is how far big-bank brokers are prepared to go when they plan to go independent.
Ukraine signs new three-month deal to buy Russian gas: energy ministry
KIEV (Reuters) – Ukraine has signed a new agreement to buy Russian gas over the next three months at $248 per thousand cubic meters, the Ukrainian energy ministry said in a statement on Thursday.
EU lays groundwork to file antitrust charges against Google: WSJ
(Reuters) – Europe’s competition regulator is preparing the groundwork to file charges against Google Inc in the antitrust investigation over the next few weeks, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter.
Wall St. declines after data; automakers fall
NEW YORK (Reuters) – U.S. stocks eased on Wednesday as weaker-than-expected data spurred concerns over economic growth ahead of Friday’s jobs report and first-quarter earnings.
U.S. judge orders temporary block of Allegiant Air pilot strike
(Reuters) – A U.S. judge on Wednesday issued an order temporarily blocking Allegiant Air pilots from striking after they announced a Thursday walkout.
Morgan Stanley boosts CEO pay to $16 million in 2014: filing
NEW YORK (Reuters) – Morgan Stanley’s board boosted Chairman and Chief Executive James Gorman’s compensation by one-third last year, saying the bank’s performance was “strong” but had “room for continued progress,” according to its proxy filing on Wedn…
McDonald’s raising average worker wage to about $10 an hour
LOS ANGELES (Reuters) – McDonald’s Corp plans to raise the average pay of about 90,000 U.S. workers to around $10 an hour, but the increase will not benefit workers at the vast majority of the restaurants, because they are operated by franchisees, who …
U.S. says HSBC must do more to improve compliance
NEW YORK (Reuters) – HSBC Holdings Plc is making progress toward cleaning up its operations, after reaching a $1.92 billion settlement of charges related to money laundering, but has not done enough, the U.S. Department of Justice said on Wednesday.
