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Pfizer to invest $350 million in China biotech hub, first in Asia

Pfizer Inc will invest $350 million to build a biotech center in China, the latest in a series of moves by pharma industry giants to set up shop in the world's no. 2 drugs market with the aim of securing faster approvals for their products. The facility in eastern Hangzhou region – Pfizer's first biotech center in Asia – is expected to be completed by 2018, the firm said in a statement on Tuesday. Global “Big Pharma” is increasingly looking for smart ways to tap China's healthcare market…

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Pfizer to invest $350 million in China biotech hub, first in Asia

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Uber, Lyft settle litigation involving top executives

By Dan Levine SAN FRANCISCO (Reuters) – Rival ride services Uber and Lyft have settled high stakes litigation involving two of their top executives, court filings show, in advance of a trial that could have aired sensitive details about both companies. Lyft and its former chief operating officer Travis VanderZanden ended litigation in a California state court in which Lyft accused VanderZanden of breaking his confidentiality pledges when he went to work for Uber. Uber also withdrew a subpoena on Monday in separate litigation over a data breach at …

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Uber, Lyft settle litigation involving top executives

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U.S.-UK alliance seen outweighing Brexit trade concerns

The United States looks unlikely to follow through on a threat to relegate Britain to second-class trade status once its ally leaves the European Union, as it weighs the potential costs of undermining the countries' close diplomatic and military ties. President Barack Obama had warned ahead of Thursday's “Brexit” referendum that Britain would move to the back of the queue on U.S. trade priorities if it voted to leave the bloc, well behind…

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U.S.-UK alliance seen outweighing Brexit trade concerns

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Samsung takes fight to Apple with mobile wallet strategy

By Matt Siegel and Se Young Lee SYDNEY/SEOUL (Reuters) – Smartphone leader Samsung Electronics has for years been a spectator as Apple built a services “ecosystem” supporting its products. For

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Samsung takes fight to Apple with mobile wallet strategy

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Allegiant Travel strikes tentative deal with Allegiant Air pilots

The deal comes after years of unsuccessful contract talks and allegations made by the pilots union that Allegiant failed to abide by a July 2014 federal court injunction that directed the low-cost carrier to restore the pilots' benefits and work rule protections to levels negotiated previously. The tentative agreement must be voted on and ratified by Allegiant Air pilots, who were represented by the International Brotherhood of Teamsters, and the results are expected in late July, the company said. Last year, the air pilots threatened to go on a strike…

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Allegiant Travel strikes tentative deal with Allegiant Air pilots

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U.S. banks tell trading clients to brace for UK vote

U.S. banks including Bank of America Corp and Morgan Stanley are warning clients about the potential for extreme price moves as Britain prepares to vote on its membership of …

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U.S. banks tell trading clients to brace for UK vote

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Fed cautious on rates due to Brexit, U.S. hiring slowdown: Yellen

The Federal Reserve's ability to raise interest rates this year may hinge on a rebound in hiring that would convince policymakers the U.S. economy is not faltering, Fed Chair Janet Yellen told lawmakers on Tuesday. …

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Fed cautious on rates due to Brexit, U.S. hiring slowdown: Yellen