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Exclusive: Pfizer weighs sale or spin-off of consumer health unit – sources

By Lauren Hirsch, Olivia Oran and Carl O'Donnell (Reuters) – U.S. drugmaker Pfizer Inc is evaluating a potential sale or spin-off of its consumer health division that could value the unit at as much as $14 billion, people familiar with the matter said on Wednesday. A Pfizer exit from the consumer health business, which includes lip balm Chapstick and painkiller Advil, would be one of its biggest corporate moves since abandoning a $160 billion deal to buy Irish drugmaker Allergan Inc earlier this year…

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Exclusive: Pfizer weighs sale or spin-off of consumer health unit – sources

Twitter says COO Adam Bain to leave, Noto to take his place

Twitter Inc said on Wednesday that Chief Operating Officer Adam Bain, widely credited with building a robust advertising business at the company even as it struggled with user growth, is leaving to explore other opportunities. “Mr. Bain will remain at Twitter in the coming weeks to assist with the transition of the chief operating officer role,” the company said. The move is a blow for struggling Twitter, which

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Twitter says COO Adam Bain to leave, Noto to take his place

Fed to proceed with December U.S. rate rise despite Trump upset: Reuters poll

While there was no prior official view on what the Fed would do if Trump won in a contest where nearly every poll of U.S. voters pointed to a victory for Democrat Hillary Clinton, many had said ensuing uncertainty from an upset might put up a roadblock. When the Fed last hiked, its first in the current cycle off the zero bound, it expected to have delivered four more by now, but was thrown off course several times throughout the year. Inflation has not picked …

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Fed to proceed with December U.S. rate rise despite Trump upset: Reuters poll

S&P affirms U.S. investment-grade ratings after presidential election

Donald Trump won the U.S. presidential election in a stunning upset, and will take office in January, with the Republicans maintaining majority control of the House of Representatives and the Senate. “We assume the longstanding institutional strengths and robust checks and balances of the U.S. will support policy execution in a Trump administration, despite the president-elect's lack of experience in public office, which raises uncertainty on policy proposals,” the ratings agency said.

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S&P affirms U.S. investment-grade ratings after presidential election

Asia shares rebound in sharp turnaround from Trump shock

By Wayne Cole and Shinichi Saoshiro SYDNEY/TOKYO (Reuters) – Asian shares rebounded on Thursday and the dollar firmed in a remarkable snapback from the shock of Republican Donald Trump's presidential victory, though the speed of the reversal left some market watchers scratching their heads. MSCI's broadest index of Asia-Pacific shares outside Japan bounced 1.7 percent after dropping 2.4 percent on Wednesday as global markets plunged as Trump swept to power. “Markets…

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Asia shares rebound in sharp turnaround from Trump shock

Total signs first post-sanctions Western energy deal with Iran

France's Total has signed a deal with Iran to further develop its part of the world's largest gas field, becoming the first western energy company to sign a major deal with Tehran since the lifting of international sanctions earlier this year. Total confirmed on Tuesday it had signed a heads of agreement with National Iranian Oil Company (NIOC) for the Phase 11 development of South Pars in the Gulf, which extends into Qatari waters where it is …

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Total signs first post-sanctions Western energy deal with Iran

Banks, brokers gird for Brexit-style tumult following Tuesday’s election

Big global banks, including Morgan Stanley, JPMorgan Chase & Co and Goldman Sachs Group Inc are bracing for potential tumult on financial markets after Tuesday's U.S. election. As a result, Asia-focused banks HSBC and Japan's Nomura Holdings Ltd are among institutions boosting staff levels, while others are raising the margin requirements for trading to cope with a possible spike in volume or volatility. Bank preparations ahead of the …

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Banks, brokers gird for Brexit-style tumult following Tuesday’s election

After cyber attacks, Internet of Things wrestles with making smart devices safer

SINGAPORE/TAIPEI (Reuters) – Recent cyber attacks harnessing everyday devices such as cameras, video recorders, printers, routers and speakers are a wake-up call to the hidden dangers of the Internet of Things. For a sense of that challenge, take AV Tech Corp, a once proud giant among CCTV camera makers whose 1990s building in a Taipei suburb hints …

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After cyber attacks, Internet of Things wrestles with making smart devices safer

Exclusive: AB InBev gets at least six bids for Pilsner Urquell, other brands

LONDON (Reuters) – At least six indicative offers have been submitted by industry players and buyout funds for a group of beer brands being sold by Anheuser-Busch InBev , sources familiar with the matter said on Tuesday.

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Exclusive: AB InBev gets at least six bids for Pilsner Urquell, other brands

Tesla to buy Germany-based Grohmann Engineering

(Reuters) – Electric car maker Tesla Motors Inc said on Tuesday it would buy Germany-based Grohmann Engineering to improve its automated manufacturing systems.

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Tesla to buy Germany-based Grohmann Engineering

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