Pfizer, Novartis may join Amgen in bidding for Onyx: sources
NEW YORK (Reuters) – Onyx Pharmaceuticals Inc , whose cancer drugs promise a strong revenue stream, is attracting preliminary buyout interest from several large pharmaceutical companies such as Pfizer Inc and Novartis AG , two people familiar with the …
OGX down 39 percent as Brazil oil company fights to survive
RIO DE JANEIRO (Reuters) – Brazilian billionaire Eike Batista’s flagship oil company OGX Petroleo e Gas SA slashed capital spending on Monday and pulled the plug on three offshore oil prospects, the latest move by his EBX Group to bolster finances and …
PIMCO Total Return Fund falls in June, weakest month since 2008
NEW YORK (Reuters) – The PIMCO Total Return Fund, the world’s largest bond fund, run by Bill Gross, in June sustained its weakest monthly performance since September 2008 amid a selloff in U.S. Treasuries and other bonds, data from Morningstar showed o…
Microsoft Xbox head named Zynga CEO
SAN FRANCISCO (Reuters) – Games publisher Zynga Inc has replaced chief executive Mark Pincus with Don Mattrick, the Microsoft Corp executive who headed the critical Xbox business, Zynga announced on Monday.
InterDigital loses first round of U.S. case against Huawei, others
WASHINGTON (Reuters) – Huawei Technologies , Nokia Corp and ZTE Corp did not violate cell phone patents owned by InterDigital Inc , a judge at the International Trade Commission said in a preliminary decision on Friday.
Exclusive: Walmart to start work on opening in Peru – source
LIMA (Reuters) – Wal-Mart Stores Inc will start work this year to eventually open stores in Peru and plans to form a local management team to run the effort, a source with the global retailer said on Monday, but a spokesman at Wal-Mart headquarters in …
Disney extends CEO Iger’s tenure by 15 months to June 2016
LOS ANGELES (Reuters) – Walt Disney Co on Monday extended Bob Iger’s tenure as its chief executive by 15 months, allowing him to remain both CEO and chairman through June 30, 2016.
For U.S. corporate giants, taxes are far below top rate: study
WASHINGTON (Reuters) – For U.S. corporations the top federal income tax rate is 35 percent, but large, profitable companies on average paid only about a third of that in 2010, a report by the investigative arm of Congress said on Monday.
Exclusive: State attorneys general probing American, U.S. Airways merger
WASHINGTON (Reuters) – A group of 19 attorneys general, led by Texas, has joined a U.S. Justice Department probe of a planned merger of American Airlines Inc and US Airways Group Inc , three sources close to the discussions told Reuters.
Former KPMG partner pleads guilty for insider trading scheme
(Reuters) – Scott London, a former senior partner with accounting firm KPMG whose clients included Herbalife Ltd and Skechers USA , pleaded guilty before a federal judge in Los Angeles to a charge of securities fraud arising from his involvement in ins…
