April 25, 2019

German ambitions evaporate as Deutsche Bank merger talks with Commerzbank collapse

German hopes of creating a national banking champion able to challenge global competitors were dashed on Thursday when Deutsche Bank and Commerzbank ended merger talks due […]
April 25, 2019

Commerzbank shareholder welcomes Deutsche Bank deal collapse

The collapse of merger talks between Commerzbank and Deutsche Bank is good news, a top Commerzbank shareholder said on Thursday, adding he expects an alternative deal […]
April 25, 2019

Canada probe finds Facebook seriously contravened privacy laws

Facebook Inc committed serious contraventions of Canadian privacy law and failed to take responsibility for protecting the personal information of citizens, Canada’s federal privacy commissioner said […]
April 25, 2019

UPS profit miss raises stakes for 2019 holiday season; shares sink 7%

United Parcel Service Inc on Thursday blamed harsh winter weather in the United States as it reported lower-than-expected first-quarter profit, sending shares down more than 7% […]
April 25, 2019

3M slump keeps Wall Street under pressure, tech offers support

U.S. stocks slid on Thursday, weighed down by dismal reports from industrial companies including 3M, however strong earnings from Facebook and Microsoft, which hit the trillion-dollar […]
April 25, 2019

Drugmakers Astellas, Amgen to pay $125 million in U.S. charity kickback probe

Two drugmakers will pay nearly $125 million to settle claims they used charities that help cover Medicare patients’ out-of-pocket drug costs as a way to pay […]
April 25, 2019

New capital for Tesla will come at a cost

A capital raise for Tesla Inc will not come cheap and Chief Executive Officer Elon Musk must finally prove to investors that he can produce and […]
April 25, 2019

Brent oil hits $75 for first time in 2019 as Russian exports cut

Brent oil rose above $75 per barrel on Thursday for the first time this year as quality concerns forced the suspension of some Russian crude exports […]
April 25, 2019

AbbVie beats estimates as Humira sales fall less than feared

Drugmaker AbbVie Inc’s quarterly revenue beat Wall Street estimates on Thursday, as the decline in sales of its blockbuster rheumatoid arthritis drug Humira was not as […]
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