Roche’s breast cancer drugs keep it on track to meet targets
BASEL (Reuters) – Swiss drugmaker Roche confirmed its full-year sales and profit targets on Thursday as growing momentum for its new breast cancer medicines and professional diagnostics products countered the effects of a strong Swiss franc.
After second-quarter profit hit, Hyundai Motor warns of firmer won, slowing demand growth
SEOUL (Reuters) – South Korea’s Hyundai Motor said its net profit fell the most in five quarters, hit by the local currency’s sharp gain versus the dollar, and warned it sees a tough second half as the won stays strong and global demand growth weakens….
Asia stocks supported as China’s factories revive
SYDNEY (Reuters) – Asian stocks edged higher on Thursday as U.S. tech earnings impressed and a surprisingly strong reading on Chinese manufacturing bolstered hopes for recovery in the world’s second-biggest economy.
Bank settlements create windfall for U.S., and wrangling over how it is spent
NEW YORK (Reuters) – U.S. authorities’ $8.9 billion settlement last month with French bank BNP Paribas for sanctions busting will pay for New York cops to get live computer feeds of street crime and for new carpets in the offices of prosecutors, among …
As U.S. strengthens, sluggish wages explain Fed’s caution
NEW YORK/SAN FRANCISCO (Reuters) – The U.S. Federal Reserve’s policy statement, unchanged for the last four months, will probably stay that way until at least September for one main reason: slow wage growth.
Carey pressured from both sides of Fox Time Warner deal to stay in job
LOS ANGELES/NEW YORK (Reuters) – Chase Carey, Twenty-First Century Fox’s president and chief operating officer, may be feeling pressure to stay in his job for several more years both from his boss, Rupert Murdoch, and from the company Murdoch is trying…
Republican lawmaker to grill U.S. SEC over Ackman tactics
WASHINGTON (Reuters) – A U.S. lawmaker will pressure the U.S. Securities and Exchange Commission on Thursday to consider a raft of reforms, after William Ackman’s aggressive efforts to take over Allergan Inc raised concerns about loose rules governing …
Facebook beats Wall Street targets, stock hits record high
SAN FRANCISCO (Reuters) – Facebook Inc’s fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street’s financial targets and sending shares to a record-high in after-hours tradin…
Bombardier to cut 1,800 jobs, aerospace head retires
(Reuters) – Struggling with long delays in its CSeries jetliner, aircraft maker Bombardier Inc on Wednesday announced it will reorganize its business structure and cut 1,800 jobs, and it said the head of its aerospace division would retire.
Wal-Mart loses bid to keep documents on bribery probe from shareholder
(Reuters) – The Delaware Supreme Court affirmed on Wednesday a lower court ruling that ordered Wal-Mart Stores Inc to provide a shareholder with documents related to the company’s internal probe of allegations the retailer had paid bribes in Mexico.
