Teva to buy U.S. drug developer Auspex Pharma for $3.5 billion
TEL AVIV (Reuters) – Israel’s Teva Pharmaceutical Industries said it would buy U.S. neurology drug company Auspex Pharmaceuticals Inc for an equity value of $3.5 billion to boost its portfolio of treatments for the central nervous system.
U.S. consumer spending tepid; savings at two-year high
WASHINGTON (Reuters) – U.S. consumer spending barely rose in February as households used the windfall from lower gasoline prices to boost savings to the highest level in more than two years, the latest sign that the economy hit a soft patch in the firs…
Exclusive: Morgan Stanley to sell natural gas business scrutinized by Fed
NEW YORK (Reuters) – Morgan Stanley has agreed to sell a compressed natural gas business that came under regulatory scrutiny shortly after its launch last year, according to a document obtained by Reuters and three people familiar with the matter.
With blog, Bernanke has new platform to make old argument
(Reuters) – Ben Bernanke launched a blog on Monday, giving the former Federal Reserve chairman a new pulpit from which to make an old argument: why interest rates need to be so low.
Pending home sales give hopeful sign for U.S. housing market
WASHINGTON (Reuters) – Contracts to purchase previously owned U.S. homes rose to their highest level in 1-1/2 years in February, a sign the lackluster recovery in the U.S. housing market could be accelerating.
Former JP Morgan banker to head Barclays’ UK ECM team – source
LONDON (Reuters) – Barclays has hired Barry Meyers, a former executive director at JP Morgan , to head its UK equity capital markets (ECM) team, a source familiar with the matter said on Monday.
Exclusive: Fidelity moves to end DuPont proxy battle-sources
NEW YORK (Reuters) – Fidelity Investments, a major investor in DuPont , has put pressure on activist fund Trian Fund Management LP and the chemical conglomerate to reach a settlement in what it sees as a detrimental proxy fight, according to people clo…
Reuters Poll: Oil prices to stabilize as demand rises
(Reuters) – Oil prices should stabilise in the second half of this year and rise in 2016 and 2017 as consumers respond to a period of much cheaper fuel, a Reuters poll of analysts showed on Monday.
Dufry details $4 billion fundraising plan for WDF buy
ZURICH (Reuters) – Dufry AG has fleshed out plans for its takeover of Italy’s World Duty Free SpA (WDF) , as the Swiss company seeks to consolidate its position as the biggest player in the fast-growing airport retail sector.
European, Asian shares rise, helped by Chinese stimulus
LONDON (Reuters) – Shares rose on Monday with Asian stocks buoyed by hopes for stimulus to boost China’s economy, but the euro slipped on more concern about Greece’s finances.
