China halts imports of Pfizer drug on paperwork glitch
SHANGHAI (Reuters) – China suspended imports of U.S. drugmaker Pfizer Inc’s AIDS-related drug Diflucan on Tuesday, citing a problem with late paperwork, the country’s food and drug watchdog said in a statement on its website.
Deutsche Telekom’s new CEO faces twin tests
FRANKFURT (Reuters) – When Deutsche Telekom’s new Chief Executive Tim Hoettges takes office on Wednesday, a revival of mergers and acquisitions in the sector and a dramatically changing competitive landscape in Germany will pose his biggest challenges….
Netflix hikes CEO salary by 50 percent for 2014
(Reuters) – Netflix Inc raised the salary of its Chief Executive Reed Hastings by 50 percent to $6 million for 2014, a regulatory filing showed, as its stock quadrupled in value this year amidst new programming and a growth in subscriber base.
Berkshire Hathaway to buy Phillips 66 unit for around $1.4 billion
NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway Inc struck a deal to buy a Phillips 66 business that makes chemicals to improve the flow potential of pipelines for around $1.4 billion of stock.
Boeing tells state leaders 777X wing plant is at risk
OLYMPIA, Washington (Reuters) – Boeing Co will not build the wing for its new 777X jetliner in Washington state if members of its largest union reject its latest contract offer in a Friday vote, company executives told Seattle-area elected officials on…
Fed’s Fisher says his FOMC vote will reflect concerns on bond buying
WASHINGTON (Reuters) – Dallas Federal Reserve Bank President Richard Fisher said his votes on the central bank’s policy panel in 2014 will reflect his concern that the Fed’s bond-buying risks stoking inflation and exposing the institution politically.
LinkedIn, Pinterest more popular than Twitter: study
SAN FRANCISCO (Reuters) – More U.S. adults use LinkedIn and Pinterest than Twitter, but that website attracts a greater proportion of blacks and young adults than do its social media peers, a Pew Research Center study released on Monday showed.
Merrill taps rich investors for ex-convict social-impact bond
NEW YORK (Reuters) – Merrill Lynch and U.S. Trust reached out to some high-powered clients this quarter to invest in a social-impact bond whose proceeds finance a program to lower recidivism rates among ex-convicts in New York.
Berkshire Hathaway to buy Phillips 66 unit for around $1.4 billion
NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway Inc struck a deal to buy a Phillips 66 business that makes chemicals to improve the flow potential of pipelines for around $1.4 billion of stock.
Fisker founders, managers sued for misleading investor
(Reuters) – The founders and top managers of now-bankrupt Fisker Automotive never told potential investors that the green car startup lost access to federal funds that were crucial to the company’s financial strength, according to an investor lawsuit.
