Business & Finance News
Gilead Sciences Inc will invest $5.1 billion to increase its stake in Galapagos NV and partner with the Belgian-Dutch biotech firm to develop and commercialize its treatments for a ten-year period, the companies said on Sunday.
The Federal Reserve may launch a policy tool to lend to banks using Treasuries and other securities as collateral in early 2020 with possible testing to begin later this year, a Deutsche Bank strategist said.
GlaxoSmithKline Plc is in talks to name HSBC’s deputy chairman Jonathan Symonds as the next chairman of the British drugmaker, Bloomberg reported on Sunday, citing a person familiar with the matter.
American Airlines Group Inc said on Sunday it is extending for a fourth time cancellations of about 115 daily flights into early November due to the ongoing grounding of the Boeing Co 737 MAX jets.
India has told a tribunal the local auditing affiliate of international accounting group Deloitte Touche Tohmatsu is misreading a key federal law as the firm seeks to avoid a five-year ban on new business, according to legal documents reviewed by Reuters on Sunday.
U.S. online retail giant Amazon plans to open a new warehouse in Germany this year and create more than 2,800 jobs with permanent contracts in what is its second-biggest market after the United States.
German airline Lufthansa expects passenger numbers to rise about 4% this year, its chief executive told a newspaper, playing down talk that public support for teenage climate activist Greta Thunberg might be curbing air travel.
Huawei Technologies Co Ltd [HWT.UL] is planning extensive layoffs in the United States as the Chinese telecoms equipment company grapples with its U.S. blacklisting, the Wall Street Journal reported, citing people familiar with the matter.
U.S. luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday.
U.S. luxury department store Barneys New York Inc is exploring a bankruptcy filing as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday.
Luxury department store Barneys New York Inc is exploring a bankruptcy filing as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday.
The Trump administration said late on Friday it was issuing final rules to suspend a 2016 Obama administration regulation that more than doubled penalties for automakers failing to meet fuel efficiency requirements.
Defense contractor Lockheed Martin Corp said on Friday it plans to increase the workforce at its Milwaukee facility by more than 15% this year.
Anheuser-Busch InBev said on Friday it will not proceed with the planned listing in Hong Kong of its Asia Pacific unit, Budweiser Brewing Company APAC Ltd , in what would have been the world’s biggest initial public offering (IPO) of 2019.
The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook Inc this week over its investigation into the social media company’s handling of user data, a source familiar with the situation said on Friday.
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