Returns may suffer as drugmakers compete in crowded cancer field
ZURICH (Reuters) – Pharmaceutical companies including Switzerland’s Novartis and Roche are among those developing a treatment for a specific type of lung cancer, a field that is now so crowded it may impact profits.
BAE picks former General Dynamics executive as U.S. CEO
LONDON (Reuters) – British defense contractor BAE Systems has appointed Jerry DeMuro as president and chief executive of its U.S. unit, replacing Linda Hudson who announced her retirement in August last year.
BAE picks former General Dynamics executive as U.S. CEO
LONDON (Reuters) – British defense contractor BAE Systems has appointed Jerry DeMuro as president and chief executive of its U.S. unit, replacing Linda Hudson who announced her retirement in August last year.
BofA-Merrill Lynch shuts European power and gas trading desk
LONDON (Reuters) – Bank of America-Merrill Lynch shut its European power and gas sales and trading operation on Tuesday, the fourth major player to close parts of its commodities business as tighter regulation and fewer arbitrage opportunities erode pr…
ECB seen on hold, but wary of slipping into ‘danger zone’
FRANKFURT (Reuters) – A surprise drop in euro zone inflation will concern European Central Bank policymakers but they will likely do no more on Thursday than warn of their readiness to act in future.
Apple reports $1 billion app sales in Dec, $10 billion for 2013
NEW YORK (Reuters) – Apple Inc said on Tuesday that its customers spent $1 billion on purchases in its applications store in December, leading to a total of $10 billion worth of apps sold in 2013.
Lilly forecasts 2014 profit in line with estimates
(Reuters) – Eli Lilly and Co on Tuesday forecast its profit will fall by up to one-third this year, as cheaper generic forms of its Zyprexa schizophrenia treatment and Cymbalta depression drug hurt results, but the outlook was in line with expectations…
U.S. urges Europe to take more action on bank backstops
PARIS (Reuters) – The United States would like to see Europe go further towards building backstops to prop up failed banks, U.S. Treasury Secretary Jack Lew said on Tuesday in Paris.
China to try to make local, national GDP stats match amid skepticism
BEIJING (Reuters) – China will unify the way it calculates provincial economic output to help close a gap with national figures, the country’s chief statistician said on Tuesday, amid skepticism about the reliability of Chinese data.
Bank of America Merrill Lynch shuts European power, gas desk
LONDON (Reuters) – Bank of America Merrill Lynch has closed its European power and gas desk following low demand for power and gas hedging and regulatory changes, a company spokesperson said on Tuesday.
