Business

UK Lawmakers Give Pfizer Stick As It Waves Carrot At AstraZeneca

U.S. drugmaker Pfizer hinted it could raise its proposed $106 billion offer if AstraZeneca would only engage in talks, as its boss was grilled by UK lawmakers on his commitment to British research spending and jobs. In response AstraZeneca said...

Stock Futures Flat, Dow And S&P 500 At Record Levels

U.S. stock index futures were little changed on Tuesday as investors found few reasons to keep pushing shares higher following a sharp rally in the previous session that took the Dow and S&P 500 to record closes. Gains this year...

BlackBerry Aims To Reverse Emerging Market Slump With Budget Handset

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lackBerry Ltd launched a low-cost touchscreen device in Jakarta, the Z3, as the embattled smartphone maker looks to revive sales in emerging markets like Indonesia where its once-fervent following has shriveled. The handset, unveiled at a glitzy launch event in...

AT&T In Talks To Buy DirecTV For Nearly $50 Billion: Sources

AT&T Inc is in active talks to buy satellite TV provider DirecTV and may complete a deal in the next few weeks that could be worth close to $50 billion, two people familiar with the matter said on Monday. The...

Chinese Police To Brief Media On GlaxoSmithKline Amid Probe

Chinese police will brief the media on Wednesday about British drug maker GlaxoSmithKline PLC, which has been under investigation for allegedly funneling up to 3 billion yuan to travel agencies to facilitate bribes to doctors and officials. An official at...

How ‘Big Corn’ Lost The Ethanol Battle To Philadelphia Refiners

Six months ago the U.S. oil industry scored a surprise win against farm groups when the Obama administration proposed slashing the amount of ethanol refiners must blend into gasoline, a move that could save them billions of dollars. Stunned by...

Credit Suisse, BNP Ask U.S. Authorities For Leniency In Probes: NYT

BNP Paribas and Credit Suisse Group have appealed to U.S. authorities to allow their subsidiaries rather than parent companies plead guilty in investigations they are facing, the New York Times reported, citing people briefed on the talks. Prosecutors are investigating...

Weak Japan Exports, Not Tax Hike, Could Shake BOJ

The Bank of Japan is increasingly confident that the economy is weathering a recent tax increase and on its way out of deflation, but another threat to that optimistic scenario is lurking - weak exports. If shipments abroad continue to...

How Japan’s Marubeni Stumbled In China After Rapid Expansion

A year after spending $3.6 billion to buy grain trader Gavilon to expand in China, Japan's Marubeni Corp has been shaken by defaults on soybean sales and faces an investigation into alleged tax evasion in the world's top food...

Deutsche Telekom Seeks Breakup Fee Of Over $1 Billion On T-Mobile-Sprint Deal: WSJ

Deutsche Telekom AG (DTEGn.DE) wants to be compensated by Sprint Corp (S.N) in the event its planned merger with the German firm's T-Mobile US Inc (TMUS.N) does not win regulatory approval, the Wall Street Journal reported, citing people familiar...