Shire CEO eyes deals, but no urgency to spend AbbVie breakup fee
NEW YORK (Reuters) – Shire PLC’s chief executive said he sees no urgency to spend the windfall the Dublin-based drugmaker received when AbbVie walked away from a $55 billion takeover bid earlier this year.
Indexes end down more than 1 pct as energy falls further
NEW YORK (Reuters) – U.S. stocks lost more than 1 percent on Wednesday in the S&P 500’s biggest decline since Oct. 13 as another big drop in oil prices hammered energy shares.
Ebay considering cutting 10 percent of workforce: WSJ
(Reuters) – Online retailer eBay Inc is mulling over a plan to cut thousands of jobs early next year, as it readies to spin off its PayPal unit, the Wall Street Journal reported, citing people familiar with the company’s thinking.
Wal-Mart names new U.S. COO in latest management shuffle
(Reuters) – Wal-Mart Stores Inc promoted Judith Mckenna, a 20-year company veteran, to the post of chief operating officer in the retailer’s latest reshuffling of senior management under U.S. chief Greg Foran.
Ex-Madoff computer programmer gets 2-1/2 years prison for fraud
NEW YORK (Reuters) – A former computer programmer for Bernard Madoff was sentenced to 2-1/2 years in prison on Wednesday for helping the imprisoned fraudster carry out his multibillion dollar Ponzi scheme.
McDonald’s to pare U.S. menus, ingredient lists
(Reuters) – McDonald’s Corp said on Wednesday it plans to cut the number of items on its U.S. menus and use fewer ingredients in food as it moves to speed up service, bolster sales and offer consumers personalized options to compete better with Subway …
Special report: At Stanford, venture capital reaches into the dorm
STANFORD, California (Reuters) – At the end of their first year at Stanford University, a half dozen students snagged an apartment-style dormitory on the third floor of Griffin House, overlooking the campus golf course. A little over a year later, in the autumn of 2014, just two were left at Stanford. The others had gone to work on their startups. 
Exclusive: Atlantic City, N.J. to slash bond deal, sell casino tax liens
(Reuters) – Atlantic City is expected to slash a bond sale by 71 percent to $40 million because the multitude of uncertainties facing the city have made it difficult to borrow, a city official told Reuters on Wednesday.
Morgan Stanley fined $4 million over rule lapse
(Reuters) – U.S. regulators on Wednesday fined Morgan Stanley $4 million for failing to enforce rules that would have prevented the unauthorized buying of Apple Inc shares by a trader at one of the bank’s customer trading firms that led to the demise o…
U.S. third-quarter growth likely to be revised higher on services data
WASHINGTON (Reuters) – U.S. economic growth was likely stronger in the third quarter than previously reported, according to data on Wednesday that showed spending on services expanding at a brisk clip.
