What's News US
Updated: 1 year 4 months ago
Danish drug maker Novo Nordisk said it expects to file for U.S. regulatory approval for its new obesity drug "within weeks," in a bid to diversify a product portfolio that is focused on diabetes treatments.
A spokesman for state prosecutors said the raids sought evidence of account holders evading taxes; the bank itself isn't suspected of wrongdoing.
The Chinese yuan has vaulted ahead of the euro and the Japanese yen to become the second-most heavily used currency in key trade finance instruments, data from financial technology firm Swift showed.
The number of banking institutions in the U.S. has dwindled to its lowest level since at least the Great Depression.
Engaged Capital says in letter Abercrombie needs to start searching for a successor to CEO Michael Jeffries. His contract is due to expire Feb. 1
Auto maker's November U.S. auto sales jumped 16% from a year ago as the company reported strong demand for trucks, though car sales were lower.
Brazil's third-quarter GDP contracts 0.5%, more than expected, on falling investments and a stagnating manufacturing sector.
Millions of Bangladeshi garment workers got a pay raise over the weekend—but factory owners said the increase risks making the industry less competitive.
The annual rate of inflation across the world's largest economies fell for a third straight month in October, suggesting central banks may have to continue or further stimulus efforts to avert the threat of deflation.
Potash Corp. of Saskatchewan Inc. said Tuesday it will cut about 18% of its workforce, or more than 1,000 jobs. The company cited slumping demand.
The autonomous Iraqi region of Kurdistan said it agreed to supply Turkey with oil through a pipeline in a landmark deal that raised tensions with Baghdad.
The Russian economy is expected to grow at a historically low pace of 1.4% this year compared with initial expectations of 3.6% growth. The economy ministry also cut its growth forecasts for 2014 and 2015.
Sony Corp. said Tuesday that global sales of its PlayStation 4 topped 2.1 million units in less than a month since its launch.
Miner Rio Tinto plans to cut capital spending to $8 billion in 2015 from around $14 billion this year, as it moves to slash debt accumulated during its global expansion.
European stock markets slipped after strong U.S. economic data renewed expectations that the Federal Reserve could begin to scale back its stimulus program as early as this month.
Chinese banks are among the world's healthiest and most profitable, based on their financial statements. But some investors are skeptical about their low levels of bad debt.
Pearson said it would buy one of Brazil's largest language school companies for $720 million to capitalize on rising demand as the country looks to learn English before the World Cup and Olympics.
Companies that collect payments on student loans will face stepped-up government scrutiny next year as a federal regulator examines whether they are breaking any laws or treating borrowers unfairly.
A federal-appeals-court ruling Monday might spare BP PLC from making hundreds of millions of dollars in compensation payments stemming from its 2010 Gulf of Mexico oil spill.
Apple has acquired social-media analytics firm Topsy Labs for more than $200 million, according to people familiar with the matter. The startup specializes in data from Twitter.