Business & Finance News
Novartis Chief Executive Vas Narasimhan, facing an uproar over data manipulation involving $2.1 million gene therapy Zolgensma, pledged on Monday to tell regulators quickly if credible questions emerge in future over data integrity.
Nissan Motor Co CEO Hiroto Saikawa will resign on Sept. 16, the automaker said on Monday, bowing to pressure after he admitted to being improperly overpaid and marking further upheaval at a company battered by scandal and plunging profit.
U.S. stocks were set to open higher on Monday, as mixed global economic data lifted expectations of monetary stimulus from central banks, including the U.S. Federal Reserve.
U.S. President Donald Trump on Monday weighed in on activist investor Elliott Management Corp’s moves targeting AT&T Inc , calling the hedge fund’s actions “great news” and repeating his criticism of the wireless carrier’s CNN news division.
The United States is meeting with technology and other companies as it considers its options following a row with Paris over France’s tax on big internet firms, the U.S. Treasury secretary said on Monday.
Security concerns in Poland and the Czech Republic over telecoms equipment made by Huawei Technologies have not had a significant business impact despite creating uncertainty, a deputy head of central Europe and the Nordics said.
Citigroup Inc has appointed Atiq Rehman, currently Middle East and Africa head at the U.S. bank, as the head of the newly created EMEA Emerging Markets Cluster, according to an internal email sent on Monday and seen by Reuters.
U.S. Treasury Secretary Steven Mnuchin on Monday said he did not see the threat of a recession as the Trump administration seeks to revive trade negotiations with China, adding that he expected a positive year ahead for the U.S. economy.
AT&T Inc shareholder Elliott Management Corp on Monday called for the wireless carrier to sell some of its non-core businesses and cut costs in an effort to return more value to shareholders, sending its shares up 10%.
Novartis Chief Executive Vas Narasimhan promised to inform U.S. regulators quickly if credible questions emerge internally over data integrity, he told investors on Monday, following data manipulation allegations involving the Swiss drugmaker’s $2.1 million gene therapy Zolgensma.
Nissan Motor Co’s embattled chief executive will step down on Sept. 16 and will be temporarily replaced by Chief Operating Officer Yasuhiro Yamauchi, the automaker’s board chairman said on Monday.
Stocks gained on Monday as investors pinned their hopes on expected stimulus from the world’s central banks to support slowing growth, while the pound hit a six-week high on hopes that Britain will not quit the EU without a deal.
Bunge Ltd, one the world’s biggest grain traders, recently disclosed the 1.6% stake it had purchased in the fast-growing fake-meat startup Beyond Meat.
AT&T Inc shareholder Elliott Management Corp on Monday called the wireless carrier “deeply undervalued” and urged it to restructure its business, including cutting costs in units, to increase shareholder value.
U.S. stock index futures ticked higher on Monday, as mixed global economic data drove expectations of monetary stimulus from central banks, including the U.S. Federal Reserve.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
