Shire, AbbVie to announce $53 billion merger by Friday: sources
(Reuters) – Shire Plc and U.S. drugmaker Abbvie Inc plan to announce a $53 billion merger as soon as Friday morning, two people said on Thursday.
Facebook tests new ‘buy’ button for online purchases in U.S.
SAN FRANCISCO (Reuters) – Facebook Inc is testing a new “buy” button on its website that will let consumers purchase products that are advertised on its social network.
Senators to GM: Why wasn’t top lawyer fired?
(Reuters) – Senators on Thursday demanded to know why General Motors Co did not fire its top lawyer after it was revealed this year that the automaker’s litigation department knew of a widespread and deadly ignition flaw but failed to escalate the safe…
Microsoft to cut 18,000 jobs this year as it chops Nokia
SEATTLE (Reuters) – Microsoft Chief Executive Officer Satya Nadella kicked off one of the largest layoffs in tech history on Thursday, hoping to reshape the aging PC industry titan into a nimbler rival to Apple and Google, and jolt a culture at the com…
Alibaba now eyes September for U.S. mega-IPO: source
NEW YORK (Reuters) – Alibaba Group Holding Inc has pushed its highly anticipated IPO until after the September Labor Day holiday, a source with knowledge of the matter said, as the Chinese online retail company works through the complex process of laun…
Yum’s U.S. woes, other data, point to weakness at McDonald’s
(Reuters) – Yum Brands Inc’s disappointing Pizza Hut and Taco Bell results, along with other data, suggested the U.S. fast-food business remained weak in the second quarter and that industry leader McDonald’s Corp continues to struggle.
Morgan Stanley profit more than doubles, beating estimates
(Reuters) – Morgan Stanley’s second-quarter income more than doubled, helped by rising revenue in its retail brokerage business as it won more assets to manage from clients, the investment bank said on Thursday.
Ackman: Allergan rules on shareholder meetings onerous
(Reuters) – Allergan Inc , trying to fend off a hostile takeover bid from Valeant Pharmaceuticals International Inc , has thrown up obstacles to a special shareholders meeting, its biggest investor said on Thursday.
Fed comments on valuation fall flat with U.S. fund managers
NEW YORK (Reuters) – Fed Chair Janet Yellen may have surprised the markets this week by noting that valuations in some parts of the U.S. stock market look stretched but mutual fund managers mostly greeted her comments with a shrug.
Liberty Global buys stake in UK broadcaster ITV
LONDON (Reuters) – U.S.-based cable group Liberty Global has bought BSkyB’s 6.4 percent stake in ITV , Britain’s biggest free-to-air commercial broadcaster, boosting its shares on hopes of a wider bid.
