Roche (ROG.S) is increasingly confident it will continue to lift sales and profit even as cut-rate copies of the Swiss drugmaker’s older cancer medicines start to grab business next year, its chief executive said on Wednesday. Big wins for three new drugs in recent months have helped to offset what ... Read More »
Goldman Sachs Group Inc (GS.N) plans to lay off 98 employees in New York between July and October, according to a filing by the bank with the state’s Department of Labor. The dismissals, which will happen between July 17 and Oct. 29, are part of a third round of layoffs ... Read More »
The Royal Bank of Scotland has received bids for its Greek ship finance business, banking and financial sources familiar with the matter said, following a leap in bad shipping debts at the lender over the past few months. They told Reuters that the operation was worth about $3 billion although ... Read More »
Oil prices settled down more than 1 percent on Wednesday after a smaller-than-expected U.S. inventory drawdown and amid jitters ahead of a vote on whether Britain should stay in the European Union. Crude futures rose early in the day, before the U.S. Energy Information Administration (EIA) reported a stockpile decline ... Read More »
Tesla Motors Inc (TSLA.O) Chief Executive Officer Elon Musk said on Wednesday that the proposed acquisition of SolarCity Corp (SCTY.O) could eventually push the electric car maker’s valuation to $1 trillion, but investors were skeptical. Shares of Tesla were down nearly 7 percent at $204.50, putting its market capitalization at ... Read More »
The International Monetary Fund said on Wednesday the U.S. economy was “overall in good shape,” with growth set to regain momentum despite an overvalued dollar, but it warned that too many Americans were dropping out of the workforce or living in poverty. The IMF expects U.S. economic growth of 2.2 ... Read More »
Federal Reserve Chair Janet Yellen said she has not scheduled special meetings for Friday or Saturday in order to respond to the “Brexit” vote in Britain over its membership in the European Union. “Brexit is a risk that we are monitoring. We will be watching closely to see what the ... Read More »
A vote by Britons to leave the European Union on Thursday may not drag the United States into recession, but its effects on U.S. monetary policy, trade and corporate profits are causing concern in Washington D.C. and boardrooms alike. Market volatility in the immediate aftermath of such an unprecedented decision ... Read More »
U.S. stocks trimmed gains and were flat in early afternoon trading on Wednesday after a new poll moderated expectations that Britain will vote to remain in the European Union. A survey by polling firm Opinium showed the campaign for Britain to leave the EU holds a one-point lead over the ... Read More »
The official U.S. Air Force production decision for the KC-46 aerial refueling tanker has been delayed because of a refueling boom loads issue. Boeing said the problem was identified during flight testing of the Pegasus and that a Milestone C decision will now come in August instead of June. Boeing’s ... Read More »
As the U.S. Senate prepares to take up its version of the Fiscal 2017 National Defense Authorization Act in the coming weeks, gaps exist between White House and Congressional proposals for ship and aircraft building, as well as for the future organization of the Defense Department. Neither the Senate bill, ... Read More »
Australia has received State Department approval for acquisition of as many as 80 SM-2 missiles through the U.S. Foreign Military Sales program. The U.S. Defense Security Cooperation Agency, which manages the program, said the possible deal carries a total value of $302 million and would include vertical launch canisters for ... Read More »
