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AstraZeneca in talks to buy cancer drugmaker Acerta for $5 billion: WSJ
Netherlands based-Acerta is developing cancer drugs that use the body's own defenses against the disease. On Monday, Acerta reported that 95 percent of patients with chronic lymphocytic leukemia positively responded to Read the rest here: AstraZeneca in talks to buy cancer drugmaker Acerta for $5 billion: WSJ Read More →
China economy shows signs of steadying, more policy support needed
China's activity data was stronger than expected in November, with factory output growth picking up to a five-month high, signaling that a flurry of stimulus measures from Beijing may have put a floor under a fragile economy. “Real … Excerpt from: China economy shows signs of steadying, more policy support needed Read More →
U.S. approves 2016 BMW diesel X5 SUV after EPA review
The Environmental Protection Agency and California Air Resources Board approved the sale of the new 2016 BMW diesel X5 after government testing found no evidence of software to evade emissions standards, the government said Thursday. EPA spokeswoman Laura Allen said Thursday that the agency – along with California and Canada – was doing additional testing before approving new diesel vehicles.... [Read more]
Fed to guide on rate hike path with fresh language, forecasts
Federal Reserve Chair Janet Yellen next week has to decide not only whether to raise interest rates for the first time in a decade, but also how to assure markets on the likely path of future rate hikes. The central bank has held short-term borrowing costs near zero for seven years and the last thing policymakers want is for their first rate hike to trigger expectations for future increases that could... [Read more]
U.S. jobless claims at five-month high; import prices fall
The number of Americans filing for unemployment benefits rose to a five-month high last week, but this likely does not signal a deterioration in the labor market as the underlying trend remained consistent with tightening conditions. The reports did not change views the Federal Reserve will raise interest rates next Wednesday for the first time in nearly a decade. “As we approach the end of... [Read more]
Yum CFO to leave in February, amid China spinoff
LOS ANGELES (Reuters) – Yum Brands Inc Chief Financial Officer Patrick Grismer will resign effective Feb. 19, the parent of the KFC, Taco Bell and Pizza Hut restaurant brands said on Monday. Here is the original post: Yum CFO to leave in February, amid China spinoff Read More →
JAB-led investor group to buy K-Cup maker Keurig for $13.9 billion
The transaction, pitched at a rich 78 percent premium to Keurig's Friday closing price, would be the biggest coffee acquisition by JAB, the investment vehicle of Germany's billionaire Reimann family, as it tries to become a formidable competitor to world coffee market leader Nestle SA. For Luxembourg-based JAB, the deal for the maker of K-Cup coffee pods “is a fantastic opportunity for... [Read more]
Qatar urges VW to reduce labor influence: Bild
Qatar, the third-largest shareholder in Volkswagen , is urging the German carmaker to reduce the influence of its powerful trade unions as it battles to overcome its emissions scandal, a German See the original post: Qatar urges VW to reduce labor influence: Bild Read More →
ADB chief doesn’t expect Fed hikes to trigger Asian financial crisis
By Tetsushi Kajimoto and Takashi Umekawa TOKYO (Reuters) – Asian Development Bank President Takehiko Nakao said on Thursday he did not expect U.S. interest rate rises to trigger a financial crisis in Asia, but the bank remains ready to lend support to vulnerable countries. The U.S. Federal Reserve is widely expected to raise interest rates for the first… Go here to see the original: ADB... [Read more]
AB InBev seeks to sell SABMiller’s Grolsch, Peroni brands
By Philip Blenkinsop BRUSSELS (Reuters) – Anheuser-Busch InBev is looking to sell SABMiller's Grolsch and Peroni brands to address potential concerns among European competition regulators over its planned acquisition of the world's second largest brewer. The sale of the brands and their related businesses in Italy, the Netherlands and Britain would be conditional on AB InBev acquiring... [Read more]