(Reuters) – Top seed John Isner suffered a 7-6(3) 7-6(5) defeat at the hands of fellow American Taylor Fritz in the second round of the Auckland Classic on Wednesday. The big-serving Isner, ranked 10th in the world, fired 26 aces but struggled on his second se... More »
(Reuters) – Qualcomm Inc (QCOM.O) on Tuesday responded to comments Apple Inc (AAPL.O) Chief Executive Tim Cook made in an interview, in which he said there had been no recent settlement talks between the iPhone maker and chip supplier in their global legal bat... More »
(Reuters) – World number one Simona Halep crashed to a straight-sets defeat against unseeded Ashleigh Barty in the second round of the Sydney International on Wednesday. Halep, playing in her first tournament since a back injury cut short her 2018 season, lost... More »
(Reuters) – Facebook Inc Chief Executive Officer Mark Zuckerberg said on Tuesday he will host a series of public discussions about the future of technology in society as part of his personal challenge this year. Zuckerberg sounded his plan in a Facebook post, ... More »
(Reuters) – Chicago law firm Corboy & Demetrio said on Tuesday it filed a lawsuit against electric carmaker Tesla Inc (TSLA.O) alleging that its 2014 Model S sedan had a defective battery pack that caused the death of an 18-year old passenger in an accident la... More »
(Reuters) – GlaxoSmithKline Plc will actively look to buy early-stage assets and partner with companies, the drugmaker’s chief executive officer said on Tuesday. Britain’s biggest drugmaker is also likely to evaluate licensing deals and would continue to inves... More »
(Reuters) – The New York Yankees are in talks with Amazon.com Inc and Sinclair Broadcast Group Inc about a joint bid for the team’s regional sports network, Yes, the Wall Street Journal reported on Friday, citing people familiar with the matter. The baseball t... More »
(Reuters) – Andy Murray is still feeling the effects of a hip injury that forced a premature end to his 2018 activity, but the Briton hopes the pain will ease as he plays more matches in the lead-up to next month’s Australian Open. The former world number one ... More »
(Reuters) – U.S. cannabis retailer Green Growth Brands Ltd (GGB.CD) said on Thursday it would make a hostile takeover bid for Aphria Inc (APHA.TO) in an all-stock deal valuing the Canadian pot producer at C$2.8 billion ($2.06 billion). Several companies are lo... More »
(Reuters) – The U.S. Food and Drug Administration (FDA) plans to meet top-level executives of e-cigarette makers, the agency’s chief said on Thursday, hinting that some companies seem to be backing away from commitments related to youth’s access to e-cigarette... More »
(Reuters) – Headsets maker Plantronics Inc said on Wednesday it has entered an agreement with the U.S. Securities and Exchange Commission to settle an investigation into Polycom Inc, which it acquired in July. Plantronics will pay $36 million to settle the inv... More »
(Reuters) – HNA Group Co [HNAIRC.UL] is in talks to sell Ingram Micro Inc to private equity firm Apollo Global Management Llc (APO.N), a source familiar with the matter said on Friday, as the Chinese conglomerate continues to scale back operations. HNA hopes t... More »
(Reuters) – Merck KGaA and Pfizer Inc said on Friday they were ending a late-stage study for their drug to treat a form of ovarian cancer in previously untreated patients. The results showed the drug, Bavencio, in combination with, or as a follow-on treatment ... More »
(Reuters) – The U.S. Food and Drug Administration on Friday approved Stemline Therapeutics Inc’s Elzonris for the treatment of a rare blood disease in adults and children aged two years and above. This is the first approved treatment for the condition, blastic... More »
(Reuters) – The U.S. Food and Drug Administration approved on Friday Alexion Pharmaceuticals Inc’s rare blood disorder drug Ultomiris, an early backing that also solidifies the company’s dominant market position. The company’s flagship drug, Soliris, was the l... More »
(This corrects paragraph 7 of December 20 story to say Zynga acquired a unit of Peak Games, and not the entire company. The error also appeared in an earlier version) By Vibhuti Sharma and Liana B. Baker (Reuters) – U.S. game software firm Zynga Inc (ZNGA.O) s... More »
(Reuters) – Drugmaker Gilead Sciences Inc on Monday named Roche Holding AG’s Daniel O’Day as its new chief executive, tapping an industry veteran to fill a management vacuum. O’Day, now head of Roche’s pharmaceuticals business, joined the company in 1987 and h... More »
SYDNEY (Reuters) – Australia’s competition watchdog on Monday recommended tougher scrutiny and a new regulatory body to check the dominance of tech giants Facebook Inc and Alphabet Inc’s Google in the country’s online advertising and news markets. The recommen... More »
SYDNEY (Reuters) – Australia’s competition regulator says it has five investigations afoot as a result of its examination of the market power and public influence of tech giants such as Facebook Inc and Alphabet Inc’s Google. “We have five investigations under... More »
NEW YORK/SAN FRANCISCO, (Reuters) – Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial ... More »
(Reuters) – Comedian Kevin Hart stepped down on Thursday from hosting the 2019 Oscar ceremony after “insensitive words” about gays he tweeted in the past resurfaced online. The 39-year-old comedian and “Ride Along” actor had announced on Tuesday that he would ... More »
(Reuters) – U.S. chipmaker Qualcomm Inc (QCOM.O) rejected a suggestion by the White House that its collapsed $44 billion acquisition of Dutch peer NXP Semiconductors (NXPI.O) could be revived, saying the deal had been terminated as the deadline had expired. Qu... More »
(Reuters) – U.S. stocks rose on Monday, boosted by gains in trade-sensitive industrial and technology stocks after the United States and China agreed upon a temporary trade detente. Washington and Beijing agreed to a 90-day trade ceasefire during the G20 summi... More »
(Reuters) – Several carmakers reported a drop in new car sales in the United States in November, hurt by rising car prices and higher interest rates as well as further declines in sales of sedans. Ford Motor Co (F.N), Honda Motor Co Ltd (7267.T) and Toyota Mot... More »
LONDON (Reuters) – Glencore (GLEN.L) has appointed Peter Freyberg to the newly created role of head of industrial mining, the global trader and miner said on Monday, while its head of copper marketing Telis Mistakidis retires at the end of the year. The London... More »
(Reuters) – Israel-based RedHill Biopharma Ltd said on Monday its combination antibiotic met the main goal of a late-stage study testing the drug in patients with a type of bacterial infection that affects the stomach and small intestine. The drug, Talicia, er... More »
(Reuters) – Singapore-based ride-hailing firm Grab has invested $100 million in Indian hotel-reservations startup OYO, a source with knowledge of the matter told Reuters on Monday. Both companies are backed by Japan’s SoftBank Group Corp (9984.T). The investme... More »
(Reuters) – Netherlands-based biopharmaceutical company argenx SE said it signed a deal with Cilag GmbH International, an affiliate of Johnson & Johnson’s Janssen Pharmaceutical Companies unit, to develop its Cusatuzumab drug in certain types of cancer. The de... More »
(Reuters) – Insys Therapeutics Inc said on Friday the U.S. Food and Drug Administration declined to approve its opioid painkiller, citing potential safety concerns. Insys shares slid nearly 9 percent to $6.62 on Friday, hitting their lowest level in more than ... More »
(Reuters) – Wells Fargo & Co (WFC.N) is exploring a sale of its Eastdil Secured real-estate division, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The U.S. bank has been weighing a sale of Eastdil, which provides financ... More »
(Reuters) – Investment manager Nuveen appointed Jean Fleischhacker to the newly created role of a private credit asset class specialist in its alternative investment distribution team. Fleischhacker, who has over 25 years of industry experience, joins from Bla... More »
(Reuters) – Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain about 25 percent more recoverable resources than estimated, they said on Monday. Exxon and U.S.-based partner Hess Corp said more than 4 billion ba... More »
(Reuters) – U.S. Food and Drug Administration staff reviewers have raised doubts over the effectiveness of GlaxoSmithKline Plc’s drug Nucala in treating a disease that limits airflow to the lungs. Nucala, already approved for treating severe asthma patients, i... More »
(Reuters) – Shares of Tesla Inc (TSLA.O) fell more than 4 percent in trading before the bell on Monday, after a report that the electric car maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit. Tesla has asked ... More »
(Reuters) – Papa John’s International Inc (PZZA.O) on Sunday adopted a shareholder rights plan, or a “poison pill”, with a 15 percent trigger to deter existing stockholders from amassing a controlling stake in the company. The company also declared a dividend ... More »
(Reuters) – French IT services company Atos (ATOS.PA) is boosting its North American operations with a $3.4 billion cash deal to buy Michigan-based IT services provider Syntel Inc (SYNT.O). Atos’ shares traded 7 percent lower by 1020 GMT on Monday on disappoin... More »
(Reuters) – Agios Pharmaceuticals Inc said on Friday the U.S. Food and Drug Administration approved its treatment for a type of leukemia, the first targeted drug for patients with a specific genetic mutation. The company plans to launch the drug, Tibsovo, in t... More »
(Reuters) – Canadian miner Detour Gold and activist investor Paulson & Co entered into an increasingly heated public exchange on Wednesday over the hedge fund’s campaign to seek change at the company and a possible merger approach. Detour said it had asked the... More »
BEIJING/SHANGHAI (Reuters) – U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, the first automaker to do so in the world’s top automotive market in response to mounting trade tensions between the countries. The mo... More »
SYDNEY (Reuters) – Litigation funder IMF Bentham Ltd (IMF.AX) is preparing to potentially sue social media giant Facebook Inc (FB.O) in Australia over its sharing of users’ data with political consultancy Cambridge Analytica. The world’s largest social network... More »
(Reuters) – Bike sharing service Lime said on Monday it raised $335 million from a group of investors including ride-sharing firm Uber Technologies Inc and Alphabet Inc (GOOGL.O). Uber will work with Lime as a strategic partner in the electric scooter space wi... More »
(Reuters) – CTI Biopharma Corp said on Monday its treatment for a type of blood cancer did not meet the main goal of a late-stage trial, sending its shares down 17 percent. The drug, Pixuvri, did not show improvement in the length of time patients survived wit... More »
TAIPEI (Reuters) – Taiwanese smartphone maker HTC Corp said its sales fell nearly 68 percent in June, its biggest slump in more than two years, as the struggling firm continues to lose customers amid intensifying competition with nimbler manufacturing rivals. ... More »
(Reuters) – Anthony Joshua has signed a deal to stage his next two bouts at Wembley stadium, the first in September and then next April, the 28-year-old announced via promotions company Matchroom Boxing. The WBA, IBF and WBO heavyweight champion beat Wladimir ... More »
(Reuters) – A California agency for occupational safety said on Thursday it opened a third investigation at Tesla Inc’s factory in Fremont, California, following a complaint. The state’s Occupational Safety and Health Administration (Cal-OSHA) said it opened t... More »
The following statements were posted to the verified Twitter accounts of U.S. President Donald Trump, @realDonaldTrump and @POTUS. The opinions expressed are his own. Reuters has not edited the statements or confirmed their accuracy. @realDonaldTrump : – Congr... More »
(Reuters) – Japanese drugmaker Eisai Co and Biogen Inc said that the final analysis of a mid-stage trial of their Alzheimer’s drug showed positive results for patients who received the highest dose. The news sent Eisai’s shares up as much as 14.6 percent in Fr... More »
(Reuters) – Micron Technology Inc on Thursday played down the likely impact on its business of a temporary Chinese ban on some chip sales but said it would appeal a decision that has added to U.S.-China trade tensions. The firm’s estimate that the ban imposed ... More »
(Reuters) – Netflix Inc (NFLX.O) premiered its first original series in India in a sheen of Bollywood glitter on Wednesday, upping the stakes in its battle with streaming rival Amazon Prime (AMZN.O) for a chunk of the country’s more than 1 billion potential vi... More »
(Reuters) – London-based investment firm Centricus has partnered with Chinese firms China Merchants Group and SPF Group to launch a 100 billion Chinese yuan ($15.11 billion) fund to invest in technology companies, the three companies said on Sunday. The fund w... More »
(Reuters) – Australian Open champion Caroline Wozniacki has called for 23-times Grand slam winner Serena Williams to be seeded at next month’s Wimbledon Championships ahead of the All England Club’s meeting on Tuesday. Williams, a seven-time winner of the Wimb... More »
(Reuters) – U.S. President Donald Trump on Monday slammed Harley-Davidson Inc (HOG.N) after the motorcycle maker said it would move production for European customers overseas to avoid retaliatory tariffs that could cost it up to $100 million per year. Trump sa... More »
(Reuters) – SkyBridge Capital II LLC said on Monday it was suing Premium Point Investments LP, claiming it lost nearly $80 million because the investment service inflated the value of its hedge fund assets. SkyBridge, a hedge fund investment firm founded by U.... More »
(Reuters) – The U.S. health regulator approved GW Pharmaceuticals Plc’s epilepsy treatment on Monday, making it the first cannabis-based drug to win approval in the country and opening floodgates for more research into the medicinal properties of cannabis. The... More »
The following statements were posted to the verified Twitter accounts of U.S. President Donald Trump, @realDonaldTrump and @POTUS. The opinions expressed are his own. Reuters has not edited the statements or confirmed their accuracy. @realDonaldTrump : – Forme... More »
(Reuters) – CBS Corp (CBS.N) on Monday expanded its streaming agreement with National Football League to include mobile devices and extended the rights through the 2022 season, the media company said. The multi-year deal will help the NFL to reach consumers wh... More »
(Reuters) – Pfizer Inc said on Monday a combination of its breast cancer drug, Ibrance, and another drug was not statistically significant in extending overall survival in certain patients, the secondary goal of a late-stage trial. Ibrance is Pfizer’s blockbus... More »
(Reuters) – Eli Lilly & Co said on Monday that its drug Jardiance, along with insulin therapy, met the main goal of two trials testing it in patients with type 1 diabetes. Jardiance, although not approved for type-1 diabetes, is approved for use in adults with... More »
(Reuters) – Merrimack Pharmaceuticals Inc said on Monday it would stop developing its experimental treatment for pancreatic cancer after it failed to meet the main and secondary goals in a mid-stage trial. The company said it would now focus on developing othe... More »
(This version of the June 22 story corrects paragraph 3 to say Weiss was a nominee and had not previously served on Natus’ board) (Reuters) – Natus Medical Inc said on Friday its stockholders had elected hedge fund Voce Capital Management’s nominees to the com... More »
(Reuters) – Former Arsenal manager Arsene Wenger is eager to coach again but remains wary of committing to a “crazy challenge” as he plans to resolve his future in the coming weeks. The 68-year-old left Arsenal after almost 22 years at the helm of the Premier ... More »
(Reuters) – Cybersecurity firm Palo Alto Networks Inc said on Friday it named former SoftBank Group Corp president Nikesh Arora as chief executive officer and chairman. Arora, 50, succeeds Mark McLaughlin, who has led the company for nearly seven years and has... More »
(Reuters) – Canada is likely to buy Kinder Morgan Canada Ltd’s Trans Mountain oil pipeline and its proposed expansion project in an attempt to ensure that it is built, Bloomberg reported on Monday, citing a person familiar with the talks. The company, a unit o... More »
(Reuters) – Nissan Motor Co Ltd (7201.T) is slashing production by as much as 20 percent in North America to cope with a decline in automobile sales, the Nikkei reported on Monday. Cuts are already in progress at two assembly plants in the United States and th... More »
(Reuters) – The Canadian International Trade Tribunal (CITT) said on Monday it has initiated a preliminary dumping inquiry into steel imported from China, South Korea and Vietnam. The tribunal will investigate whether the alleged dumping and subsidizing of “co... More »
(Reuters) – U.S.-based Harbour Energy made a final offer of $10.8 billion for Australia’s Santos Ltd (STO.AX) on Monday, hiking its bid for a fifth time in nine months after a steep rise in oil prices and potentially deterring any rival bids. Shares in the oil... More »
(Reuters) – Milos Raonic has withdrawn from next week’s French Open with a knee injury and is targeting a return during the grasscourt season, the former world number three said on Sunday. The Canadian has not played since losing to Denis Shapovalov in the rou... More »
(Reuters) – Exchange operator Cboe Global Markets Inc said on Wednesday it has collaborated with the world’s largest asset manager, BlackRock Inc, to develop U.S. corporate bond index futures. The exchange said the new futures, also developed along with data s... More »
(Reuters) – Amazon.com Inc on Monday said it is adopting a new policy to promote diversity in its board of directors, saying that women and minorities are to be among the company’s board nominees. “The Amazon Board of Directors has adopted a policy that the No... More »
(Reuters) – Symantec Corp (SYMC.O) on Monday said it did not expect an internal accounting probe that it disclosed last week to have a material impact on its past financial statements, helping allay investor concerns. The Norton anti-virus maker also provided ... More »
(Editor’s note: Language in the third paragraph might offend some readers) (Reuters) – Mark Williams stayed true to his word after clinching his third world snooker title on Monday by conducting his post-match news conference naked. The 43-year-old, who had pr... More »
SYDNEY (Reuters) – Australia and New Zealand Banking Group Ltd (ANZ.AX) said it would stop paying financial planners bonuses for selling its products, the first of the country’s top lenders to change business practices amid a powerful inquiry into misconduct i... More »
EILAT, Israel (Reuters) – Italian Elia Viviani of the Quick-Step Floors team sealed his second consecutive Giro d’Italia stage win on Sunday when he was the fastest in a bunch sprint finish in the third stage in Eilat. Sam Bennett of Bora-Hansgrohe was in the ... More »
(Reuters) – Britain’s data privacy watchdog has ordered Cambridge Analytica to hand over all the personal information it holds on a U.S. academic, confirming the right of people abroad to seek data held by a UK firm. Data privacy activists say that it sets a p... More »
(Reuters) – Apple Inc’s stock hit an all-time high on Friday after Warren Buffett’s Berkshire Hathaway Inc disclosed it bought an additional 75 million shares of the iPhone maker in the first three months of the year. Buffett’s increased stake, which was confi... More »
(Reuters) – Wells Fargo & Co said on Friday it will pay $480 million to resolve a securities fraud lawsuit related to a sales scandal that surfaced in 2016. The class action lawsuit in the District Court for the Northern District of California alleged that the... More »
(Reuters) – Deutsche Bank AG will shift its New York headquarters from Wall Street to a location midtown, at a time when Germany’s largest bank is scaling back its U.S. operations. The bank will relocate to One Columbus Circle from 60 Wall Street, according to... More »
(Reuters) – The U.S. Food and Drug Administration on Friday approved Novartis AG’s combination therapy to treat an aggressive type of thyroid cancer. The therapy, which uses Novartis’ Tafinlar and Mekinist, was approved to treat anaplastic thyroid cancer that ... More »
(Reuters) – Xerox Corp (XRX.N) said on Thursday its current board and management team, which included Chief Executive Jeff Jacobson, will stay, after a settlement agreement it had reached with dissenting shareholders to oust them expired. Xerox had said on Tue... More »
JOHANNESBURG (Reuters) – Mine operator Sibanye-Stillwater said on Friday that 10 of 13 miners trapped underground at its South African gold mine were rescued but four of the 10 have died from their injuries. The miners were trapped by at the company’s Masakhan... More »
(Reuters) – Berkshire Hathaway Inc bought 75 million additional Apple Inc shares in the first three months of the year, CEO Warren Buffett told CNBC on Thursday, aggressively ramping up its bets on the iPhone maker. Buffett’s Apple commitment over the past two... More »
(Reuters) – Action-camera maker GoPro Inc’s first-quarter revenue beat expectations and it reported a smaller-than-expected loss on Thursday, benefiting from aggressive marketing of its cameras and controlling expenses. The company recently exited its Karma dr... More »
(Reuters) – Marathon Petroleum Corp said on Monday it would buy rival Andeavor for more than $23 billion to form a company that would leapfrog Valero Energy Corp as the largest U.S. refiner by capacity. The cash-and-stock deal values Andeavor at about $152 per... More »
SYDNEY (Reuters) – Australia’s largest-listed wealth manager AMP announced the resignations of its chairwoman and legal counsel on Monday, and slashed its directors’ fees by a quarter as it races to stem the fallout from damaging revelations of misconduct at t... More »
(Reuters) – Litigation financier IMF Bentham Ltd said on Monday that it plans to fund a class action against AMP Ltd, Australia’s largest listed wealth manager. IMF said the investment involves a proposed class action by certain current and former AMP sharehol... More »
(Reuters) – Fourteen more people fell ill from an E. coli outbreak linked to romaine lettuce, U.S. health officials said on Friday, bringing the number of people affected to 98 across 22 U.S. states. The reported strain of E. coli, which produces poisonous sub... More »
BEIJING (Reuters) – Chinese internet search giant Baidu Inc (BIDU.O) blew past earnings estimates on Thursday, sending its U.S.-listed shares sharply higher in after-hours trading as investors cheered strong growth in its advertising business. The firm, which ... More »
(Reuters) – Amazon.com Inc agreed to pay the National Football League about $65 million per year to stream two more seasons of Thursday night games on its Prime Video service, a person familiar with the matter told Reuters. The price tag, about 30 percent more... More »
(Reuters) – Tesla Inc’s board recommended on Thursday that shareholders vote against a proposal that would require the electric car maker’s chairman to be an independent director, ahead of its annual meeting. Elon Musk, chief executive of Tesla, is also the ch... More »
(Reuters) – Intel Corp (INTC.O) beat earnings expectations for the first quarter and raised its full-year revenue and profit forecasts on Thursday, driven by the biggest-ever quarterly jump in its data center business and small-but-steady growth in its persona... More »
(Reuters) – Western Digital Corp reported better-than-expected profit and revenue on Thursday, as demand for its memory chips used in smartphones and personal computers rose coupled with higher prices for its hard disk drives. The multi-billion dollar memory i... More »
(Reuters) – Vertex Pharmaceuticals Inc topped analysts’ forecasts for quarterly profit on Thursday, led by stronger-than expected sales of its latest cystic fibrosis drug as well as double-digit growth in sales of older treatments. Boston-based Vertex, like ot... More »
(Reuters) – AbbVie Inc reported a better-than-expected quarterly profit on Thursday, on higher sales of its rheumatoid arthritis treatment Humira and its Hepatitis C drugs, leading the company to raise its full-year earnings forecast. The company’s shares, whi... More »
(Reuters) – Wells Fargo & Co will pay $1 billion to settle with U.S. regulators who say the bank wrongly layered insurance on hundreds of thousands of drivers and routinely hit homebuyers with excessive fees, officials said on Friday. The penalty was a record ... More »
(Reuters) – Hedge fund Elliott Advisors has become the second activist investor to call for Whitbread (WTB.L) to split its hotel and coffee shop businesses after emerging as the largest shareholder in the British company. Elliott, which disclosed a 6 percent s... More »
(Reuters) – Bank of America (BAC.N) reported a 34 percent rise in first-quarter profit on Monday, topping Wall Street estimates, as the lender benefited from higher interest rates and growth in loans and deposits. Revenue rose at three of BofA’s four major bus... More »
(Reuters) – Apricus Biosciences Inc said on Monday it was considering options for the company and looking to sell the U.S. rights to its erectile dysfunction cream Vitaros, after the Food and Drug Administration asked it to make a new formula for the product. ... More »
(Reuters) – Hedge fund manager Carl Icahn is cashing out of casino business Tropicana Entertainment Inc (TPCA.PK) in a deal selling most of its properties and operations for $1.85 billion, Icahn Enterprises and the companies involved said in statements on Mond... More »
(Reuters) – Briton Dan Evans is set to return from a one-year doping ban as a wildcard entrant at this month’s ATP Challenger Tour event in Glasgow, the Lawn Tennis Association (LTA) said on Monday. The 27-year-old, who tested positive for cocaine during the B... More »
(Reuters) – British pubs group JD Wetherspoon closed all its social media accounts on Monday, saying it was taking a stand against an industry accused of misusing personal data and allowing bullying to run rife. Despite a global furor over the harvesting of pe... More »
