Unfazed by weak yields, AirAsia X bets on scale to win
KUALA LUMPUR (Reuters) – AirAsia X Bhd , the long-haul arm of Malaysian budget carrier AirAsia Bhd, is betting its dual strategy of scale and multi-country hubs will make it the region’s dominant airline and help it survive the short-term impact of dec…
Pfizer’s weak drug pipeline fuels hunger for AstraZeneca
NEW YORK (Reuters) – At the heart of Pfizer Inc’s pursuit of British drugmaker AstraZeneca Plc is a shortage of attractive products in its own research pipeline, aggravated by a recent series of disappointing drug launches, according to some industry a…
Samsung Electronics sells 89 million smartphones in first-quarter, market share falls: research firm
SEOUL (Reuters) – Samsung Electronics Co Ltd’s smartphone shipments rose 28 percent to 89 million units in the first quarter, but the world’s top handset maker lost market share to Chinese and other rivals, research firm Strategy Analytics said on Tues…
Alibaba’s founders set up charitable trust seen valued at $3 billion
BEIJING (Reuters) – The founders of Chinese Internet company Alibaba Group Holding Ltd have set up a charitable trust focusing on the environment and health that could be worth as much as $3 billion, making it one of the biggest in Asia.
S&P 500, Dow end up after late rebound; Apple, Pfizer lift
NEW YORK (Reuters) – The S&P 500 ended higher on Monday after a volatile session, as gains in Apple and Pfizer helped offset another round of selling in some high-growth tech shares.
Pfizer move to join tax-driven deal-making raises red flags in U.S
(Reuters) – A wave of tax-driven overseas deal-making by U.S. companies gained momentum with drugmaker Pfizer Inc’s announcement on Monday that it had made takeover bids for UK rival AstraZeneca Plc , fueling political concerns about tax “reflagging” s…
Frontier Airlines rolls out carry-on bag fees, cuts base fares
(Reuters) – Bargain hunters could find themselves paying more to fly after Frontier Airlines, a low-cost carrier, on Monday said it would start charging extra for carry-on bags.
Toyota move to Texas is latest blow to Southern California
NEW YORK/DETROIT (Reuters) – Toyota Motor Corp. said it will move its U.S. sales headquarters from southern California to suburban Dallas, delivering the latest blow to California in a fight for jobs with arch-rival Texas, whose Governor Rick Perry has…
BofA suspends buyback, div increase after capital error
(Reuters) – Bank of America Corp said on Monday that regulators had suspended its plan to buy back more shares and raise its dividend after the bank realized it had miscalculated a measure of the capital on its books.
Pfizer chases AstraZeneca for potential $100 billion deal
LONDON/NEW YORK (Reuters) – U.S. drugmaker Pfizer Inc approached Britain’s AstraZeneca Plc two days ago to reignite a potential $100 billion takeover and was rebuffed, raising investor expectations it will have to increase its offer to close the deal.
