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KaloBios removes Shkreli as CEO

Dec 21, 2015 |
(Reuters) - Drugmaker KaloBios Pharmaceuticals Inc said it removed Martin Shkreli as chief executive on Dec. 17, the day he was arrested on charges of a securities fraud. Shkreli, who stepped down as ... Read more

Wall Street higher on financials; Brent slides

Dec 21, 2015 |
Trading volumes are expected to be relatively light this week, with stock markets operating a shortened session on Thursday and closing on Friday for Christmas. U.S. stock indexes slumped on Thursday ... Read more

Ericsson signs patent deal with Apple, shares soar

Dec 21, 2015 |
Swedish mobile telecom gear maker Ericsson said it had signed a patent license deal with Apple Inc over technology that helps smartphones and tablets connect to mobile networks, sending its shares up ... Read more

BMW hit with $40 million U.S. penalty for safety lapses

Dec 21, 2015 |
U.S. auto safety regulators on Monday fined BMW $10 million, part of a $40 million civil settlement over the German automaker's safety lapses. The fine is the second paid by BMW since 2012 and ... Read more

Oil prices hit eleven-year low as global supply balloons

Dec 21, 2015 |
By Catherine Ngai NEW YORK (Reuters) - Brent crude oil prices hit their lowest in more than 11 years on Monday, while U.S. crude flirted with seven-year lows on more signs that swelling global supply ... Read more

Asian stocks edge up in thin trade, oil hits fresh low

Dec 21, 2015 |
SYDNEY/SINGAPORE (Reuters) - Asian share markets advanced on Monday after a lackluster start, defying a dive on Wall Street, and the price of Brent crude threatened to plumb lows last seen in 2004 on ... Read more

Brent crude at 2008 low as market rout heads into Christmas

Dec 21, 2015 |
Brent crude prices fell on Monday to their lowest since 2008 on renewed worries over a global oil glut, with production around the world remaining at or near record highs and new supplies looming from ... Read more

Volkswagen chairman eyes job rotation for key roles: Welt am Sonntag

Dec 20, 2015 |
Volkswagen plans to limit the time staff can remain in certain roles, its supervisory board chairman told a German weekly, in a step to improve oversight at the German carmaker. VW said in September ... Read more

WTO backs agricultural reforms, split on Doha

Dec 20, 2015 |
By Edith Honan NAIROBI (Reuters) - The World Trade Organization reached deals on agricultural export subsidies, food aid and other issues on Saturday, capping a ministerial conference in the Kenyan ... Read more

Martin Shkreli says securities fraud charges are 'baseless'

Dec 20, 2015 |
By Frank McGurty NEW YORK (Reuters) - Martin Shkreli, the pharmaceuticals entrepreneur vilified for jacking up the price of a life-saving AIDS drug, said on Saturday that unrelated securities fraud ... Read more

Fed's Lacker says four rate hikes in 2016 would be 'gradual'

Dec 19, 2015 |
Federal Reserve forecasts pointing to four interest rate hikes in 2016 show what the U.S. central bank means when it says it anticipates raising rates at a "gradual pace," Richmond Fed ... Read more

Turing Pharma names chairman to replace Shkreli as CEO

Dec 19, 2015 |
(Reuters) - Martin Shkreli, the poster boy for prescription drug price increases who was arrested for securities fraud this week, has stepped down from his post as chief executive officer of Turing ... Read more

California extends deadline to review VW diesel emissions fix

Dec 19, 2015 |
By David Shepardson WASHINGTON (Reuters) - The California Air Resources Board said on Friday it was extending a deadline to approve or reject a diesel emissions repair plan submitted by Volkswagen AG ... Read more

Wall St. slides on lower crude prices, stock options expiry

Dec 19, 2015 |
The S&P and Dow had their worst two-day performance since Sept. 1, while indexes posted losses for the week. "It's a confluence of all the factors: oil prices continuing to run down, the ... Read more

Wall St. dips as crude heads for third weekly loss

Dec 18, 2015 |
Volatility was slightly higher than usual on account of "quadruple witching," the expiry of options on stocks and indexes as well as futures on indexes and single stocks. There's no new ... Read more

Turing Pharma close to replacing CEO Shkreli: WSJ

Dec 18, 2015 |
(Reuters) - Privately held drugmaker Turing Pharmaceuticals Inc is close to replacing Chief Executive Martin Shkreli, the Wall street Journal reported on Friday, a day after the FBI arrested him on ... Read more

Prospects still slim for major global economic pickup

Dec 18, 2015 |
By Ross Finley, Silvio Cascione and Rahul Karunakar LONDON/BRASILIA/BENGALURU (Reuters) - The world economy may be set for another year like 2015, with modest growth in developed economies offsetting ... Read more

Vilified for drug pricing, CEO Shkreli busted for securities fraud

Dec 18, 2015 |
By Nate Raymond and David Ingram NEW YORK (Reuters) - Martin Shkreli, the boyish pharmaceutical entrepreneur who caused a public uproar after he drastically raised the price of a life-saving ... Read more

Asia stocks down, Japan gives up brief gains after BOJ stimulus

Dec 18, 2015 |
By Nichola Saminather and Lisa Twaronite SINGAPORE/TOKYO (Reuters) - Asian shares took their cue from Wall Street and slipped on Friday, and Japanese stocks returned to negative territory after ... Read more

Oil heads for third weekly loss after new signs of inventory building

Dec 18, 2015 |
By Aaron Sheldrick TOKYO (Reuters) - Crude futures were mixed in Asian trading on Friday as fresh signs of inventory building and the Federal Reserves rate hike this week kept prices under pressure ... Read more