Pfizer, banks lead Wall Street lower; presidential debate eyedLosses on Wall Street deepened in volatile trading on Monday, as Pfizer led a decline in healthcare stocks and Deutsche Bank pulled financials down, with investors awaiting the first … More »Pfizer, banks lead Wall Street lower; presidential debate eyed
Losses on Wall Street deepened in volatile trading on Monday, as Pfizer led a decline in healthcare stocks and Deutsche Bank pulled financials down, with investors awaiting the first U.S. presidential debate between Hillary Clinton and Donald Trump. Pfizer fell 1.5 percent after it decided against splitting into two. …
Mylan reiterates profit on EpiPen two-pack in U.S.The unexpected filing comes after the Wall Street Journal reported earlier in the day that the company substantially reduced its calculation of EpiPen profits by applying the statutory … More »Mylan reiterates profit on EpiPen two-pack in U.S.
The unexpected filing comes after the Wall Street Journal reported earlier in the day that the company substantially reduced its calculation of EpiPen profits by applying the statutory U.S. tax rate of 37.5 percent during a congressional hearing on Wednesday. U.S. lawmakers at the hearing lambasted Mylan Chief Executive …
Carlyle to buy South Africa's promotional products supplierPrivate equity firm Carlyle Group LP said it will buy a majority stake in South African promotional products and clothing supplier Amrod and plans to expand the business in other markets. … More »Carlyle to buy South Africa's promotional products supplier
Private equity firm Carlyle Group LP said it will buy a majority stake in South African promotional products and clothing supplier Amrod and plans to expand the business in other markets. The Washington D.C.-based private equity house will fund the investment through its Carlyle Sub-Saharan Africa Fund, while the three …
SWIFT says bank hacks set to increaseSWIFT, whose messaging network is used by banks to send payment instructions worth trillions of dollars each day, said three clients were hacked over the summer and cyber attacks on … More »SWIFT says bank hacks set to increase
SWIFT, whose messaging network is used by banks to send payment instructions worth trillions of dollars each day, said three clients were hacked over the summer and cyber attacks on banks are set to increase. The theft of $81 million in February from Bangladesh's central bank using SWIFT messages rocked faith in the system …
Lanka IOC says diesel tax increase will hit earningsThe Sri Lankan government's decision to increase tax on diesel is likely to hit 2016/17 second-half earnings at fuel retailer Lanka IOC, its managing director said on Monday. Under … More »Lanka IOC says diesel tax increase will hit earnings
The Sri Lankan government's decision to increase tax on diesel is likely to hit 2016/17 second-half earnings at fuel retailer Lanka IOC, its managing director said on Monday. Under pressure from the International Monetary Fund to increase revenue, Sri Lanka's finance ministry increased excise duty on diesel by 10 rupees …
September U.S. auto sales are forecast to drop nearly 1 percent from a year ago despite a record high for consumer discounts, J.D. Power and LMC Automotive said on Monday. The two auto industry consultants said September U.S. new vehicle sales will be 1.43 million, down 0.8 percent from a year earlier. Retail sales to …
Britain's housing market showed signs of slowing in August with the number of mortgages approved by banks falling to its lowest level since January 2015 and analysts said they expected further weakness ahead as Brexit uncertainty dampens demand next year. British banks approved 36,997 mortgages for house purchases last …
By Atul Prakash LONDON (Reuters) - Britain's top share index fell on Monday and made its worst one-day performance in three months, with Lloyds (LLOY.L) pushing banks lower after a downgrade by Goldman ...
Pfizer said a split would not boost cash flow or better position the businesses competitively. Pfizer said the decision would not affect its 2016 financial forecast. The move follows the collapse of Pfizer's planned $160 billion acquisition of Irish drugmaker Allergan Inc after a change in U.S. law negated the tax benefits …
Europe's bid to champion the "sharing economy" is being undermined in the short-term rental sector by capitals imposing petty rules such as dictating the number of coat hangers home-owners must provide, a complaint filed to the European Commission says. In its complaint, the European Holiday Homeowners Association singled …
By Ed Stoddard and Joe Brock JOHANNESBURG (Reuters) - South Africa's deputy President Cyril Ramaphosa …
