U.S. healthcare profit outlook brightens on Obamacare, drug prices
NEW YORK (Reuters) – U.S. healthcare companies are winning higher profit forecasts, bucking a wider trend on Wall Street, as pricey new biotech drugs hit the market and insurance enrollment rises under the Affordable Care Act.
Exclusive: Paulson & Co amasses large stake in Allergan: sources
New York (Reuters) – Hedge fund Paulson & Co has amassed a large stake in Allergan Inc of more than 6 million shares and supports a deal between the Botox maker and Valeant Pharmaceuticals Inc , people familiar with the matter said on Wednesday.
Bank of America to cut 540 jobs at Charlotte legacy assets unit
(Reuters) – Bank of America Corp is laying off 540 workers at its loss-making legacy assets and servicing business, which handles delinquent mortgage loans.
Exclusive: BNP may face one-year ban on processing some dollar payments – sources
NEW YORK/PARIS (Reuters) – BNP Paribas is likely to be suspended from converting foreign currencies to dollars on behalf of clients in some businesses for as long as a year, according to sources familiar with the matter, an untested and severe penalty …
New York AG slaps Barclays with securities fraud suit
NEW YORK (Reuters) – The New York Attorney General on Wednesday filed a securities fraud lawsuit against Barclays PLC for misrepresenting the safety of its U.S.-based alternative trading system, or “dark pool,” to investors.
Massive air bag recall could drive Takata into the red
TOKYO (Reuters) – Japanese auto parts maker Takata Corp could face a $500 million charge and a net loss this year – its second in three years – as a widening recall of air bag inflators begins to kindle worries despite its deep pockets.
GM dealers stop selling some Cruze sedans with Takata air bags
DETROIT (Reuters) – General Motors Co on Wednesday told its North American dealers not to sell an inventory of about 33,000 new and used Chevrolet Cruze sedans from model years 2013 and 2014 because of a potential problem with air bags made by troubled…
Rising debt payments pressure Argentina to solve crisis
BUENOS AIRES (Reuters) – Argentina’s debt servicing costs are set to more than double in 2015 as foreign reserves slide to critically low levels, boosting pressure on the nation to resolve its 12-year-old battle with creditors and regain access to inte…
Exclusive: Paulson & Co amasses large stake in Allergan: sources
New York (Reuters) – Hedge fund Paulson & Co has amassed a large stake in Allergan Inc of more than 6 million shares and supports a deal between the Botox maker and Valeant Pharmaceuticals Inc , people familiar with the matter said on Wednesday.
Big broadcasters vanquish upstart Aereo at U.S. Supreme Court
WASHINGTON (Reuters) – Broadcast and cable TV are not dead yet.
