(Reuters) – Biogen Inc’s second-quarter profit blew past estimates, driven by higher-than-expected demand for its recently approved spinal muscular atrophy (SMA) drug, Spinraza.
(Reuters) – Chemicals and seeds company DuPont , which is merging with Dow Chemical , beat analysts’ estimates for both profit and revenue on Tuesday, helped by higher sales in its agriculture business.
HONG KONG (Reuters) – HNA Group, the Chinese airline-to-banking conglomerate, has tapped investment bank Goldman Sachs to list Pactera, the Beijing-based IT outsourcing firm it bought from private equity firm Blackstone, sources familiar with the matt…
PARIS (Reuters) – Uber and insurance group AXA have joined forces in France to offer accident cover for drivers who work for the ride hailing service after it faced criticism over their treatment.
LONDON (Reuters) – U.S. retailer Michael Kors agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion, snapping up a British company whose towering stilettos have been made famous by celebrity customers from Princess Diana to Kendall Jenner.
LOS ANGELES (Reuters) – U.S. solar companies are snapping up cheap imported solar panels ahead of a trade decision by the Trump administration that could drive up costs and cloud the fortunes of one of the economy’s brightest stars.
NEW YORK (Reuters) – Citigroup Inc issued loftier projections for its long-term profitability on Tuesday at the first major conference it has held for its own investors in more than nine years.
BERLIN (Reuters) – Volkswagen CEO Matthias Mueller strongly criticized Porsche’s labor chief in German daily Heilbronner Stimme on Tuesday over public remarks about Audi’s management, in a sign of growing tensions within the automotive group.
LONDON (Reuters) – The dollar sat at a more-than-one-year low while stocks climbed on Tuesday, as investors bet that subdued U.S. inflation and strains in Washington would limit Federal Reserve interest rate moves for the rest of the year.
TOKYO (Reuters) – Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with output cuts to help rein in oversupply and tackle flagging prices.
(Reuters) – Qualcomm Inc fired back in its case against Apple Inc on Monday, accusing its critics of waging a “coordinated effort aimed at misdirecting” trade regulators.
(Reuters) – Martin Shkreli, the pharmaceutical entrepreneur vilified as the “pharma bro” for raising the price of a life-saving drug by 5,000 percent, said on Monday in federal court that he would not testify in his securities fraud trial.
NEW YORK (Reuters) – Goldman Sachs Group Inc is pulling back substantially from trading that helps backstop the fast-growing use of U.S. exchange-traded funds, giving smaller firms an opportunity to grab market share.
SAN FRANCISCO (Reuters) – Alphabet Inc reported a 21 percent jump in quarterly revenue on Monday, maintaining a growth rate that is rarely seen among companies its size and suggesting the big sales gains enjoyed recently by the other Internet firms are…