Business & Finance News
Eli Lilly and Co said on Monday it would buy Loxo Oncology Inc for about $8 billion in cash, buying into a portfolio of targeted medicines to treat cancers caused by rare gene mutations.
Activist investor Starboard Value LP said on Monday that it has acquired a 1.7 percent stake in discount store operator Dollar Tree Inc and called for a sale of its underperforming Family Dollar business.
China has the “good faith” to work with the United States to resolve trade frictions, the Foreign Ministry said on Monday, as the world’s two largest economies resumed talks in a bid to end their trade dispute.
Assets worth nearly 800 billion pounds ($1 trillion) are being moved from Britain to new financial hubs in the European Union ahead of Brexit, consultancy EY said on Monday.
A set of strong employment data in the United States, decisive action from the Chinese central bank and dovish messages from U.S. Federal Reserve chief Jerome Powell combined to push world stocks further off recent lows on Monday.
Tesla Inc broke ground on Monday for its Shanghai Gigafactory where it plans to begin making its Model 3 electric vehicles (EV) by year-end, a first step in localizing production in the world’s largest auto market.
China and the United States want to work together on trade, the Chinese foreign ministry said on Monday, as the world’s two largest economies resumed talks in a bid to end their trade dispute.
Lawyers of ousted Nissan Motor Co Ltd chairman Carlos Ghosn are scheduled to give a news conference on Tuesday, the Foreign Correspondents’ Club of Japan (FCCJ) said on its website on Monday, their first such public appearance.
Lawyers of ousted Nissan Motor Co Ltd chairman Carlos Ghosn are scheduled to give a news conference on Tuesday, the Foreign Correspondents’ Club of Japan (FCCJ) said on its website on Monday, their first such public appearance.
New Trump administration policies aimed at curbing China’s access to American innovation have all but halted Chinese investment in U.S. technology startups, as both investors and startup founders abandon deals amid scrutiny from Washington.
CBS News President David Rhodes is stepping down and Susan Zirinsky, a senior executive producer, will take over the president’s role from March, the company said on Sunday.
Tesla Inc on Monday will break ground for its Shanghai Gigafactory where it will begin making Model 3 electric vehicles (EV) by year-end, Chief Executive Elon Musk tweeted https://twitter.com/elonmusk/status/1082103637990625281 ahead of the formal start of construction of the firm’s first Chinese plant.
Huawei Technologies Co Ltd [HWT.UL] on Monday launched a new chipset for use in servers, at a time when China is pushing to enhance its chip-making capabilities and reduce its heavy reliance on imports, especially from the United States.
A Malaysian court on Monday declined to grant bail to former Goldman Sachs banker Roger Ng, pending his extradition to the United States where he faces charges related to suspected money laundering of funds siphoned off from state fund 1MDB.
Activist investor Starboard Value LP has acquired a stake in discount store operator Dollar Tree Inc and is asking the company to sell its Family Dollar business, the Wall Street Journal reported on Sunday.
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