Business

(Reuters) – Drugmaker Pfizer Inc (PFE.N) on Wednesday filed a lawsuit against Johnson & Johnson (JNJ.N), saying its rival’s contracts with health insurers for blockbuster rheumatoid arthritis drug, Remicade, were anticompetitive and blocked sales of Pfizer’s new biosimilar. Pfizer said in the suit that J&J is offering discounts on its Remicade treatment in exchange for
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(Reuters) – U.S. stocks were slightly higher on Tuesday, helped by gains in financial, technology and telecom stocks, but indexes traded in a narrow range as investors stayed away from making major bets ahead of the Federal Reserve’s policy meeting. The U.S. central bank, which begins its two-day meeting on Tuesday, is widely expected to
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LONDON (Reuters) – Record-high world stocks paused on Tuesday and the dollar dipped, as investors waited for signals from the Federal Reserve on when it will start shrinking its balance sheet and nudge up U.S. interest rates again. Tokyo’s Nikkei .N225 had surged 2 percent overnight having been closed on Monday when Wall Street and
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SYDNEY (Reuters) – CBS Corp (CBS.N) has sweetened its bid for Australian broadcaster Ten Network Holdings Ltd (TEN.AX), ahead of a key creditors’ vote later on Tuesday on the future of the company. CBS, Ten’s biggest creditor, swooped on the TV station after it went into administration three months ago, challenging acquisition plans by Twenty-First
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FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) is a “second mover” in electrified commercial vehicles, after lagging companies such as Tesla (TSLA.O) and Deutsche Post DHL (DPWGn.DE) in putting them on the road, the head of VW’s trucks business told a German newspaper. He said Volkswagen had emissions-free alternatives to conventional trucks and buses on offer. “But
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SHANGHAI (Reuters) – U.S. President Donald Trump’s decision to block a Chinese-backed firm from buying a U.S.-based chipmaker this week is detrimental to America’s growth and the global economy, China’s state news agency Xinhua said in a commentary on Saturday. Canyon Bridge Capital Partners’ planned $1.3 billion acquisition of Lattice Semiconductor Corp was one of
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(Reuters) – Toys ‘R’ Us Inc could file for bankruptcy in the coming weeks as pressure from skittish suppliers intensifies, the Wall Street Journal reported on Friday, citing people familiar with the matter. The company and its restructuring advisers are considering filing for Chapter 11 protection in the U.S. Bankruptcy Court in Richmond, Virginia, according
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(Reuters) – Wall Street touched intra-day record highs on Friday, with the S&P 500 approaching the 2,500 mark as technology stocks bounced back after two days of declines. The S&P 500 information technology sector .SPLRCT rose 0.21 percent, powered by an Nvidia-led surge in chipmakers, while Apple rose 1.1 percent in its first gain since
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LONDON (Reuters) – Rupert Murdoch’s planned $15 billion takeover of European broadcaster Sky (SKYB.L) will be referred to regulators over concerns about broadcasting standards, Britain’s Culture and Media Secretary Karen Bradley said on Thursday. Bradley had said on Tuesday she was “minded” to refer Twenty-First Century Fox’s (FOXA.O) planned purchase of the 69 percent of
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TOKYO (Reuters) – Asian stocks held steady on Thursday, consolidating after touching their highest in a decade and appeared to take in stride a burst of Chinese data which undershot market expectations. That took some of the shine off a recent string of indicators from China showing surprisingly robust growth, though many analysts expect the
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WASHINGTON (Reuters) – The Trump administration on Wednesday told U.S. government agencies to remove Kaspersky Lab products from their information systems, saying it was concerned the Moscow-based cyber security firm was vulnerable to Kremlin influence. The decision represents a sharp response to what U.S. intelligence agencies have described as a national security threat posed by
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CUPERTINO, Calif. (Reuters) – Apple Inc rolled out a new version of the Apple Watch on Tuesday, marking the first introduction at the company’s biggest product launch in years, which was expected to showcase a completely redesigned top-of-the-line iPhone. Chief Executive Tim Cook opened the event at the Steve Jobs Auditorium on Apple’s new campus
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