Business

Pfizer (PFE.N) sought to allay fears that its proposed $106 billion takeover of AstraZeneca (AZN.L) would deal a blow to drug research, saying the new company would bolster innovative science and speed the development of new treatments. The deal would...

HSBC's (HSBA.L) first quarter profits fell 20 percent from a year ago to $6.8 billion as revenue dipped at its investment bank, while last year's earnings were swelled by asset sales. HSBC, which is Europe's biggest bank but makes most...

Hewlett-Packard Co said it plans to invest more than $1 billion over the next two years to develop and offer cloud-computing products and services. The company said it will make its OpenStack-based public cloud services available in 20 data centers...

Alibaba Group Holding Ltd may be making its debut on Wall Street later this summer, but it's certainly no stranger to the investors of Silicon Valley. In the past 18 months, the Chinese e-commerce giant has burrowed its way into...

U.S. economic growth is set to rebound strongly in the second quarter as the scars of a brutally cold winter fade, but inflation pressures will remain tame through 2015, according to the Organization for Economic Cooperation and Development. In its...

Merck & Co Inc has agreed to sell its consumer care business to Germany's Bayer AG for $14.2 billion, the companies said on Tuesday, adding to a string of major cross-border healthcare deals. "This acquisition marks a major milestone on...

Barclays (BARC.L) said a collapse in investment bank revenue hit first quarter profits and was still hurting income in April as the British bank works on an overhaul of the flagging business, expected to be announced later this week. Income...

The dollar fell to a 6-1/2 month low on Tuesday despite signs the U.S. economy is emerging from a particularly harsh winter-induced slowdown. It was hurt by U.S. bond yields struggling to pull away from their recent troughs, suggesting there...

... As House Failure To Appear Stalls Proceedings BEVERLY HILLS, CA, May 05, (THEWILL) – The Federal High Court sitting in Abuja has again been forced to adjourn till May 26 hearing in suit brought by the Petroleum Resources Minister...

SAN FRANCISCO, May 05, (THEWILL) – Cross River State, Nigeria’s second-largest cocoa grower, said it will sell five government-owned farms in a bid to boost production of the commodity with private investment. Prospective investors have until May 19 to bid...