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SolarCity recuses two more board members from voting on Tesla offer

Two additional SolarCity Corp board members with ties to Elon Musk are recusing themselves from making decisions regarding Tesla Motors Inc's offer to buy the solar power company, in a bid to alleviate corporate governance concerns surrounding a potential deal. The new …

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SolarCity recuses two more board members from voting on Tesla offer

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Intel considers sale of cyber security business: FT

NEW YORK (Reuters) – Chipmaker Intel Corp is considering the sale of its cyber security business, the Financial Times reported on Sunday. According to the report, the company has been talking to its bankers about options for the Intel Security unit, which was previously known as McAfee. Intel bought McAfee for $7.7 billion in 2011. A spokesperson for Intel could not be immediately reached for

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Intel considers sale of cyber security business: FT

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Global oil majors look to shed refineries as crude prices rebound

By Jessica Resnick-Ault NEW YORK (Reuters) – Global oil majors Chevron Corp and Royal Dutch Shell Plc are putting small refineries on the auction block as they look to trim lower-margin assets in the face of headwinds from rising crude oil prices. Chevron, the second largest U.S. oil company, is soliciting interest in its Burnaby, British Columbia, refinery and gasoline stations, the company told Reuters. Shell is looking for buyers for its Martinez, California, refinery, two people familiar with

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Global oil majors look to shed refineries as crude prices rebound

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U.S. accuses Valeant’s Salix unit of kickbacks, false claims

By Jonathan Stempel NEW YORK (Reuters) – The United States has joined a whistleblower lawsuit accusing the Salix unit of Valeant Pharmaceuticals International Inc of paying illegal kickbacks to doctors and submitting fraudulent reimbursement claims to the government. In a complaint made public on Thursday in the U.S. District Court in Manhattan, the government said Salix…

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U.S. accuses Valeant’s Salix unit of kickbacks, false claims

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Dean Foods’ Davis said he threw phone in creek to hinder FBI

By Nate Raymond NEW YORK (Reuters) – Dean Foods Co's former chairman Thomas Davis said he threw his cellphone into a Dallas creek to hide his role in an insider-trading scheme after FBI …

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Dean Foods’ Davis said he threw phone in creek to hinder FBI

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Bayer makes move for Monsanto in global agrichemicals shakeout

By Greg Roumeliotis and Mike Stone NEW YORK (Reuters) – German drug and chemicals giant Bayer AG has made an unsolicited takeover offer for Monsanto Co, the world's biggest seed company, as high inventories and low commodity prices spur consolidation in the global agrichemicals industry. Monsanto disclosed the approach on Wednesday before Bayer confirmed its move, though neither released proposed deal terms. With Monsanto …

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Bayer makes move for Monsanto in global agrichemicals shakeout

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U.S. prosecutors consider more charges against ex-CEO Shkreli

NEW YORK (Reuters) – Former drug executive Martin Shkreli, who last year became a lightning rod for outrage over soaring prescription drug prices, may face additional U.S. charges of securities fraud, a federal prosecutor

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U.S. prosecutors consider more charges against ex-CEO Shkreli

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Oil jumps to 2016 highs as dollar drops on Fed decision

By Barani Krishnan NEW YORK (Reuters) – Oil prices jumped about 3 percent on Wednesday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave U.S. interest rates unchanged. Oil had risen early, the day after an industry group said U.S. crude inventories had dropped in the latest week. In early afternoon, the Fed announced it was leaving interest rates unchanged, and issued a statement implying it

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Oil jumps to 2016 highs as dollar drops on Fed decision

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After massive drop, is Apple cheap enough?

By Rodrigo Campos NEW YORK (Reuters) – If Apple could cash in the value it lost in the first minute of trading on Wednesday, it would be nearly enough to buy General Motors, Target or Caterpillar. “I would not be surprised in…

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After massive drop, is Apple cheap enough?

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Wells Fargo’s systemic importance rose, says U.S. report

Wells Fargo & Co is the only large U.S. bank to become “significantly” more important to the global financial system in recent years, according to a report on Wednesday by a U.S. government research group. The Office of Financial Research, a financial stability watchdog housed within the U.S. Treasury Department, studied the …

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Wells Fargo’s systemic importance rose, says U.S. report

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