Novartis loses new bid to dismiss U.S. lawsuit over kickbacks
NEW YORK (Reuters) – A Manhattan federal judge on Thursday said the U.S. Department of Justice may pursue most of its lawsuit accusing Novartis AG of civil fraud for allegedly using kickbacks to boost sales of drugs covered by Medicare and Medicaid.
Low temperature a factor in Boeing 787 battery meltdown in Japan: Asahi
TOKYO (Reuters) – Cold winter temperatures were a factor in the meltdown of a lithium ion battery that caused a Boeing Co 787 Dreamliner to make an emergency landing in Japan last year, the Asahi newspaper said, citing the conclusions of local investig…
Telecom Italia in talks to snap up Vivendi’s GVT: sources
LONDON (Reuters) – Telecom Italia is in talks with Vivendi to acquire the French media group’s Brazilian broadband unit, and trump a recent bid from Spanish rival Telefonica , sources familiar with the situation said.
Argentina bonds, stocks firm on possible deal to exit default
BUENOS AIRES (Reuters) – Argentine bond prices and stocks firmed on Thursday, with news that international banks may be close to a deal to buy debt from holdout creditors that would resolve its debt crisis.
Book publishing helps News Corp beat revenue estimates
(Reuters) – News Corp , publisher of the Wall Street Journal, reported better-than-expected quarterly revenue as growth in its book publishing business helped to make up for a decline in revenue in its bigger news and information division.
Exclusive: Unions force VW to axe consultants in clash over cost cuts – sources
FRANKFURT (Reuters) – Volkswagen’s 5 billion euro ($6.68 billion) cost-savings plan hit a major setback after labor leaders forced management to axe McKinsey, the consultants working out the cuts, three sources with knowledge of the matter told Reuters…
GSK-linked investigators stand trial in China in closely watched case
SHANGHAI (Reuters) – A British investigator and his American wife will stand trial in Shanghai on Friday in a case that is seen as key to a bribery investigation against GlaxoSmithKline Plc and has unnerved the growing community of corporate sleuths in…
Chinese banks get serious about risk of bad debts swell
SHANGHAI (Reuters) – Chinese banks are scrambling to get on top of bad debts they have downplayed for years, cutting off riskier borrowers, further tightening lending terms and, in one case, deploying teams of investigators to assess the risk of loan d…
Wall Street ends down on heightened Russia concerns
NEW YORK (Reuters) – Stocks ended lower on Thursday, continuing a recent streak of weakness as Russia’s surprisingly harsh retaliatory measures in response to Western sanctions raised concerns about global growth.
T-Mobile CEO expects to unseat Sprint as No. 3 carrier
WASHINGTON (Reuters) – T-Mobile US will overtake Sprint Corp as the No. 3 wireless U.S. carrier in subscribers by the end of the year, Chief Executive John Legere tweeted on Thursday.
