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Reuters: Business News
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Reuters: Business News
unread news (Demo user)
Eisai starts phase 3 trials for second Alzheimer's drug after first's failure
Eisai Co Ltd on Friday said it has begun phase 3 clinical trials of Alzheimer's treatment BAN2401, a day after the Japanese drugmaker and U.S. partner Biogen Inc scrapped trials for another Alzheimer's drug, aducanumab.
REUTERS
Hyundai shareholders inflict big defeat on U.S. fund Elliott in proxy vote
Hyundai Motor Group companies' shareholders rejected on Friday Elliott Management's demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund's campaign to shake up South Korea's second-biggest family-run conglomerate.
1 h
REUTERS
China's auto, internet giants set up 9.76 billion yuan fund to invest in ride-sharing industry
China's major automobile and internet companies, including Chongqing Changan Automobile, Alibaba and Tencent, are setting up a 9.76 billion yuan ($1.46 billion) joint venture to invest in ride-sharing industry, Chongqing Changan Automobile said on Friday.
2 h
REUTERS
FOCUS-UPS eyes in-home health services with U.S. vaccine project
LOUISVILLE, Ky., March 22 - United Parcel Service Inc wants to get beyond U.S. doorsteps with a new push into healthcare.
2 h
REUTERS
Indonesia's Garuda asks to cancel $6 billion 737 MAX order, considers other Boeing jets: CFO
National carrier Garuda Indonesia has sent a letter to Boeing Co asking to cancel an order for 49 737 MAX 8 narrowbody jets, Garuda Chief Financial Officer Fuad Rizal said on Friday.
2 h
REUTERS
Chinese smartphone firms jazz up products, seize turf in home market from Apple
Smartphone retailers in China say it's a tough sell of late with consumers reluctant to upgrade, put off by chill economic winds.
3 h
REUTERS
UPDATE 1-American Airlines pilots expect to test 737 MAX software fix in Boeing simulator
American Airlines pilots expect to test Boeing Co's 737 MAX software fix on simulators this weekend, the pilots' union told Reuters on Thursday, a key step in restoring their confidence in the jet after two fatal crashes.
4 h
REUTERS
Asian shares hit 6-1/2-month high on tech hopes, U.S. data
Asian shares hit 6-1/2-month highs on Friday after upbeat U.S. data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve's cautious outlook on the world's biggest economy.
4 h
REUTERS
UPDATE 1-Mexico could pay Pemex debt from $15 bln stabilization fund
Mexico's deputy finance minister said on Thursday the government was considering using part of a $15.4 billion public income stabilization fund to pay some debt obligations for heavily leveraged state oil company Pemex.
5 h
REUTERS
Tesla's Musk tells employees vehicle deliveries 'primary priority' near end of first quarter
Tesla Inc's vehicle deliveries scheduled across Europe, China and North America should be a "primary priority" for all employees during the last 10 days of the first quarter, Chief Executive Officer Elon Musk said in an email to employees on Thursday.
5 h
REUTERS
Hyundai Mobis shareholders reject Elliott's proposal to expand board
Hyundai Mobis shareholders on Friday voted against Elliott Management's proposal to expand the board to 11 directors from nine.
5 h
REUTERS
Shares of Japan's Eisai swamped with sell orders after ending Alzheimer trials
Eisai Co Ltd's shares were untraded on Friday, hit with a glut of sell orders after the Japanese drugmaker and its partner Biogen Inc said they are ending two drug trials of their experimental Alzheimer's disease drug aducanumab.
6 h
REUTERS
As worries about populism in Europe rise, investors bet on stock market volatility
Investors are betting on heightened political uncertainty and greater volatility in European stock markets ahead of European Parliament elections in May amid growing concerns about rising populism.
7 h
REUTERS
NYSE wins Uber, Pinterest listings -sources
Uber Technologies Inc and Pinterest, two of the highest profile internet companies planning to go public this year, have picked the New York Stock Exchange as the venue for their stock listings, according to sources familiar with the matter.
7 h
REUTERS
Nike's North America sales fail to impress, shares slip
Nike Inc reported quarterly revenue that failed to beat Wall Street estimates for the first time in over a year, as sales fell short of expectations in its biggest market of North America, sending its shares tumbling 5 percent on Thursday.
8 h
REUTERS
Japan firms see prolonged Sino-U.S. trade war, China slowdown to persist: Reuters poll
Three in four Japanese companies expect U.S.-China trade frictions to last until at least late this year, a sharp contrast to market hopes that presidents Donald Trump and Xi Jinping might soon strike a deal to end their damaging trade war, a Reuters poll found.
8 h
REUTERS
Hyundai shareholders to vote on Elliott's bid to change 'status quo'
Investors in Hyundai Motor Group companies are due to meet on Friday to vote on U.S. hedge fund Elliott Management's demands for a massive special dividend and board makeover, in the latest case of shareholder activism in the Asian country.
8 h
REUTERS
U.S. lawsuit on hotels' internet advertising moves forward
A federal judge on Thursday rebuffed a request by hotel chains including Hyatt Hotels Corp, Marriott International Inc and Wyndham Hotel Group to throw out a class-action suit accusing them of conspiring not to compete with one another online.
8 h
REUTERS
New York Times CEO warns publishers ahead of Apple news launch
Apple Inc is expected to launch an ambitious new entertainment and paid digital news service on Monday, as the iPhone maker pushes back against streaming video leader Netflix Inc. But it likely will not feature the New York Times Co.
8 h
REUTERS
Lawsuit on hotels' internet advertising tactics moves forward
A class action lawsuit filed against Hyatt Hotels Corp, Marriott International, Wyndham Hotel Group and two other companies accusing them of conspiring to not compete online as well as harming consumers, survived a motion to dismiss on Thursday.
9 h
REUTERS
General Dynamics unit wins $465 million U.S. defense contract: Pentagon
General Dynamics National Steel and Shipbuilding Co has been awarded a $465 million U.S. defense contract related to aircraft carrier maintenance and modernization, the Pentagon said on Thursday.
REUTERS
GM to announce $300 million investment in Orion EV/AV plant
General Motors Co will announce on Friday plans to invest $300 million in a suburban Detroit plant that builds electric and self-driving vehicles for Chevrolet and the automaker's self-driving Cruise unit, two people familiar with the plans said on Thursday.
REUTERS
Nokia says it is not taking on new business in Iran
Finnish telecom equipment maker Nokia does not plan to take on any new business in Iran in 2019, it said in its annual report on Thursday, citing difficulties in dealing with conflicting U.S. and European trade policies.
REUTERS
Nike misses North America revenue estimates, shares drop
Nike Inc missed North American quarterly revenue estimates on Thursday amid higher spending on new products and online initiatives, sending its shares down 3 percent in extended trading.
REUTERS
Nike reports 7 percent rise in quarterly revenue
Nike Inc reported a 7 percent rise in quarterly revenue on Thursday, boosted by strong sales on its app and website.
REUTERS
US STOCKS SNAPSHOT-Wall St rises as Apple, tech shares climb
A tech rally led by Apple Inc pushed Wall Street higher on Thursday as jitters over the Federal Reserve's forecast of an economic slowdown were calmed by upbeat economic data.
REUTERS
Boeing slows 737 factory work for three days after recent delays
Boeing Co said on Thursday that production lines will not "pulse" or move airframes forward for three days next week at its 737 factory to allow workers to catch up on work that was previously delayed.
REUTERS
Biogen scraps two Alzheimer drug trials, wipes $18 billion from market value
Biogen Inc and partner Eisai Co Ltd are ending two late-stage trials of their experimental Alzheimer's disease drug aducanumab, a major setback in the quest to find a treatment for the mind-wasting disease and blow to Biogen, which lost more than $18 billion of its value on Thursday.
REUTERS
Union fund adviser CtW questions Lyft's path to profitability ahead of IPO
Union pension fund adviser CtW Investment Group said on Thursday Lyft Inc "faces an all-but-insurmountable barrier" to profitability due to issues with the ride-hailing company's pricing strategy and new regulations driving costs higher.
REUTERS