May 9, 2019

Kraft Heinz launches sale of baby food unit: sources

U.S. packaged food giant Kraft Heinz has launched the sale of its baby food brand Plasmon with preliminary bids due by the end of next week, […]
May 9, 2019

Novartis buys dry eye drug from Takeda for up to $5.3 billion

Novartis is buying dry-eye drug Xiidra from Takeda Pharmaceutical Co for up to $5.3 billion as the Swiss drugmaker refreshes its ophthalmic medicines portfolio with a […]
May 9, 2019

BlackRock pulls out of rescue bid for Italian bank Carige

U.S. asset manager BlackRock has pulled out of a proposed rescue of Italian bank Carige, raising the prospect that Rome could be drawn into a costly […]
May 9, 2019

Takeda sells dry eye drug to Novartis to help cut debt

Takeda Pharmaceutical Co Ltd agreed to sell its dry eye drug to Swiss drugmaker Novartis AG for $3.4 billion and potential milestone payments of up to […]
May 9, 2019

Disney parks lift earnings, ‘Avengers: Endgame’ streaming date announced

Walt Disney Co’s theme parks lifted quarterly earnings past Wall Street targets on Wednesday, helping offset big investments to support the media and entertainment company’s bid […]
May 9, 2019

Toyota, Panasonic to set up firm to connect cars, homes: Kyodo

Toyota Motor Corp and Panasonic Corp are set to announce plans to establish a joint company to “connect” cars and homes, Kyodo news reported on Thursday, […]
May 9, 2019

Under pressure from Trump, GM in talks to sell idled Ohio plant

Under pressure from President Donald Trump, General Motors Co said on Wednesday it was in talks to sell an idled northeast Ohio plant to a cash-strapped […]
May 9, 2019

Automakers expect White House to delay decision on auto tariffs: sources

Automakers expect U.S. President Donald Trump to delay a decision due next week on whether to impose steep tariffs on imported cars and auto parts on […]
May 9, 2019

Trump says Beijing ‘broke’ trade talk deals, pledges to keep tariffs on Chinese goods

U.S. President Donald Trump said on Wednesday that China “broke the deal” it had reached in trade talks with the United States, and vowed not to […]
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