June 7, 2019

France’s Sanofi bets on new CEO to drive sluggish drug sales

In veteran drug salesman Paul Hudson, Sanofi’s 100,000-plus employees are getting a new chief executive who relishes a good commercial fight. Powered by WPeMatico
June 7, 2019

Wall Street rises on rate-cut hopes, China tariff delay

U.S. stocks extended gains in a broad-based rally on Friday, as a sharp slowdown in May domestic job growth raised hopes of an interest rate cut, […]
June 7, 2019

Spirit cuts workweek in wake of 737 MAX groundings: union

Boeing Co’s largest supplier Spirit AeroSystems Holdings Inc is reducing its workweek to 32 hours in response to the 737 MAX groundings, a labor union for […]
June 7, 2019

U.S. gives Chinese imports more time before more tariffs hit

U.S. officials officially granted Chinese exporters two more weeks to get their products into the United States before increasing tariffs on those items, according to a […]
June 7, 2019

Europe’s 5G to cost $62 billion more if Chinese vendors banned: telcos

A ban on buying telecoms equipment from Chinese firms would add about 55 billion euros ($62 billion) to the cost of 5G networks in Europe and […]
June 7, 2019

Drugmaker Sanofi hires Hudson from Novartis as CEO

Sanofi has poached Paul Hudson from Novartis to replace Chief Executive Olivier Brandicourt who will retire in September, France’s biggest drugmaker said on Friday, helping send […]
June 7, 2019

Stocks target best week since April on rate-cut hopes; U.S. jobs data awaits

European shares climbed on Friday as hopes that central banks would loosen policy offset trade friction and the threat of global recession, putting them on track […]
June 7, 2019

IBM, T-Systems scrap mainframe venture after German criticism

IBM has withdrawn an application for anti-trust approval for a mainframe computing venture with T-Systems, the IT services arm of Deutsche Telekom, after the German cartel […]
June 7, 2019

Gucci parent Kering moves to tighten grip on e-commerce

Kering, owner of brands including Gucci, will tighten its grip on its e-commerce operations, focusing on its own branded sites to sell its luxury products or […]
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