AstraZeneca leaves door ajar to Pfizer, despite hurdles
LONDON (Reuters) – AstraZeneca’s boss said on Wednesday he would engage with Pfizer if the price was right and the risks posed from forcing the British drugmaker’s operations into the U.S. company’s new three-unit model were addressed.
Malaysian Airlines earnings set to show financial burden of loss of MH370
SINGAPORE (Reuters) – Malaysian Airlines will report first-quarter earnings later on Thursday that are set to provide confirmation of just how badly the already loss-making carrier’s finances have been hit by the vanishing of flight MH370 on March 8.
Pfizer pledges to ringfence key new drugs in AstraZeneca deal
LONDON (Reuters) – Pfizer said it would ringfence the development of important drugs if it acquired AstraZeneca , rejecting a charge from the British company that a takeover would disrupt important research and put lives at risk.
Citigroup fires 11 in fraud probe of Banamex unit
NEW YORK/MEXICO CITY (Reuters) – Citigroup Inc has fired four senior executives and seven other employees, saying they failed to do enough to protect the bank from loan fraud at its Mexican unit Banamex, according to an internal memo sent to staff on W…
BNP Paribas warns U.S. sanctions fine could exceed provision
PARIS (Reuters) – BNP Paribas, France’s biggest bank, said on Wednesday there was a risk that a fine for violating U.S. sanctions could be significantly higher than the $1.1 billion euros it has provisioned for.
U.S. court refuses to revive Samsung patent case against Apple
WASHINGTON (Reuters) – A U.S. appeals court on Wednesday refused to revive a Samsung Electronics patent case against Apple Inc, affirming a decision in favor of the iPhone and iPad maker.
Twitter takes aim at ‘retail politics’ in Latin America
SAO PAULO (Reuters) – After seeing explosive growth across Latin America, Twitter Inc is now tapping into the region’s other big passion besides soccer – politics.
Producer price gain offers cautionary note on inflation
WASHINGTON (Reuters) – U.S. producer prices recorded their largest increase in 1-1/2 years in April as food prices surged, in a potential sign inflation pressures may be creeping up.
From Russia with concern: Cisco’s audits raised red flags about resellers
NEW YORK/WASHINGTON (Reuters) – In a series of audits in 2009, Cisco Systems Inc found that much of the business between resellers of its products and a Russian state-owned telecommunications company, Svyazinvest, could not be verified because it was e…
Macy’s sticks to 2014 forecast as sales pick up after hard winter
(Reuters) – Department store operator Macy’s Inc stuck to its full-year profit forecast as business picked up after a severe winter in the United States that hurt first-quarter sales.
