August 15, 2018

Turkey doubles tariffs on some U.S. imports; Turkish lira rallies

Turkey doubled tariffs on some U.S. imports including cars, alcohol and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied a further six […]
August 15, 2018

Royal Bank of Scotland pays $4.9 billion for crisis-era misconduct

Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. […]
August 15, 2018

China says U.S. solar tariffs violate trade rules, lodges WTO complaint

China’s commerce ministry said a U.S. decision to subsidize renewable energy firms and impose tariffs on imported products has seriously distorted the global market and harmed […]
August 15, 2018

Asian stocks hit one-year low amid Turkey woes, bearish China equities

Asian stocks retreated to a one-year low on Wednesday as bearish Chinese markets worsened investor sentiment already hurt by Turkey’s financial crisis. Powered by WPeMatico
August 15, 2018

Express Scripts staking out million dollar gene therapies

Express Scripts Holding Co built a multi-billion enterprise pressuring drug companies to lower their prices for U.S. patients. Now it is quietly building a side business: […]
August 14, 2018

Soros Fund Management adds popular tech names, BlackRock in second-quarter

Soros Fund Management LLC added Facebook Inc , Apple Inc and Twitter Inc , but trimmed stakes in Alphabet Inc and Amazon.com Inc in the quarter […]
August 14, 2018

Lockheed wins $2.9 billion contract for U.S. missile warning satellites

Lockheed Martin Corp has been awarded a U.S. Air Force contract worth up to $2.9 billion for three missile warning satellites, the Air Force said on […]
August 14, 2018

Tribune executives will get bonuses after Sinclair deal collapses

Tribune Media Co said Tuesday it will pay bonuses to executives who worked for more than 15 months on its failed merger with Sinclair Broadcast Group […]
August 14, 2018

Musk bid for Tesla: no formal offer, no firm deals with advisers

Tesla Inc’s board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk’s potential offer to take […]
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