Business

Britain's fraud office has launched a formal criminal investigation into GlaxoSmithKline, posing a new challenge to the drugmaker, which already faces claims of bribery in China and four other countries. The Serious Fraud Office (SFO) said late on Tuesday that...

U.S. stock index futures edged up on Wednesday, with technicals in focus and scant key items on the U.S. economic calendar, following yet another record close on the benchmark S&P 500 index. Investors' appetite for equities continued on the back...

Canadian drugmaker Valeant Pharmaceuticals International Inc (VRX.TO) (VRX.N) raised the cash component of its offer for Botox-maker Allergan Inc (AGN.N), valuing the U.S. firm at $49.44 billion. Valeant on Wednesday offered to pay $58.30 per Allergan share in cash, about...

Hong Kong-based Hutchison Whampoa gained European Union regulatory approval on Wednesday for its $1 billion bid for Telefonica's Irish business in a case that could set the tone for Telefonica's bigger German deal. Approval of the Hutchison takeover and Telefonica's...

SAN FRANCISCO, May 27, (THEWILL) – The Presidency Tuesday said reports in the national and foreign media that the Federal Government is currently in the process of recruiting an international public relations firm to “counter mounting criticism both inside...

Shares in AstraZeneca (AZN.L) fell 2.3 percent on Tuesday after U.S. drugmaker Pfizer (PFE.N) said it would not make a formal bid to acquire its smaller British rival. Pfizer's decision - announced on Monday during a public holiday - had...

Three former Barclays traders appeared in a London court on Tuesday as Britain formally began its first criminal proceedings against U.S.-based Libor traders, part of a global investigation into alleged rigging of benchmark interest rates. The Serious Fraud Office (SFO)...

Apple Inc supplier Foxconn Technology Group will buy a stake in Taiwanese mobile telecoms operator Asia Pacific Telecom for T$11.6 billion ($390 million) in a deal that would expand its presence in Taiwan's fledgling 4G telecoms market. Foxconn, which is...

Inflation in the euro zone will likely stay "significantly" below the European Central Bank's target this year and next, ECB Governing Council member Ewald Nowotny said in the Austrian National Bank's annual report. "But over the medium term it is...

BEVERLY HILLS, CA, May 26, (THEWILL) – For misrepresenting its orders on the planned probe of the Nigerian National Petroleum Corporation (NNPC) and the Petroleum Resources Minister, Diezani Alison-Madueke, over alleged $10 billion spent on chartering private jet, a...