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Teva Pharmaceutical to Cut 14,000 Jobs

Teva Pharmaceutical to Cut 14,000 Jobs

Teva Pharmaceutical is cutting more than 25% of its workforce and suspending its dividend as it works to cut costs and pay down debt.

Published 6 months ago

U.S. Retail Sales Rose in November

U.S. Retail Sales Rose in November

Spending at stores, online-shopping websites and restaurants rose 0.8% in November from the prior month, the Commerce Department said Thursday.

Published 6 months ago

ECB keeps rates on hold as debate continues on QE

ECB keeps rates on hold as debate continues on QE

Bank confirms plans to halve asset purchases until at least September

Published 1 second ago

Teva to cut 14,000 jobs despite general strike threat

Teva to cut 14,000 jobs despite general strike threat

Israeli drugmaker plans to close ‘significant number’ of factories and research centres

Published 1 second ago

Disney to Acquire Key Parts of 21st Century Fox for $52.4 Billion

Disney to Acquire Key Parts of 21st Century Fox for $52.4 Billion

Walt Disney Co. said Thursday it would buy select assets of 21st Century Fox for $52.4 billion in stock.

Published 6 months ago

Disney to buy 21st Century Fox assets in $66bn deal

Disney to buy 21st Century Fox assets in $66bn deal

Rupert Murdoch’s 21st Century Fox has agreed to sell its entertainment businesses to Walt Disney in a landmark $66bn deal with far reaching implications for the global media landscape if it is approved by regulators.

Published 1 second ago

We must share data to fight Alzheimer’s

We must share data to fight Alzheimer’s

Combining information will enable researchers to identify new targets for treatment

Published 1 second ago

A Christmastime Tax Cut for 
		
			
		
	Some, a Lump of Coal for Others

A Christmastime Tax Cut for Some, a Lump of Coal for Others

Republicans plan to turn their tax overhaul into law next week, giving many businesses a cut while removing some benefits for others and adding to the nation’s budget deficit.

Published 6 months ago

China’s Tech Startup Funding: The Wild West in the Far East

China’s Tech Startup Funding: The Wild West in the Far East

David Su was one of China’s first venture capitalists, starting a month before the dot.com bubble burst. His Matrix Partners China went on to nurture 20 unicorns—startups valued at $1 billion or more. But he feels just as anxious now as he did in 2000. The reason: a flood of capital means too much money is chasing too few worthy startups.

Published 6 months ago

Next Up for Westfield’s Lowy Family: Blurring Retail Lines

Next Up for Westfield’s Lowy Family: Blurring Retail Lines

Fresh off the announced sale of its shopping-mall empire in the U.S., the Lowy family is making a new bet on the future of retail: that the distinction between online and bricks-and-mortar shopping will disappear.

Published 6 months ago

US broadband groups prepare for roll back of net neutrality

US broadband groups prepare for roll back of net neutrality

Door open to ‘fast lanes’ allowing preferential treatment for content owners who pay more

Published 1 second ago

FCC Readies Unwinding of Net-Neutrality Regime

FCC Readies Unwinding of Net-Neutrality Regime

The Federal Communications Commission on Thursday is set to roll back far-reaching rules governing how internet-service providers treat traffic on their networks, a move expected to empower cable and wireless providers and transform consumers’ online experience.

Published 6 months ago

Wells Fargo Trims Staff in Its Giant Mortgage Unit

Wells Fargo Trims Staff in Its Giant Mortgage Unit

Wells Fargo laid off about 60 employees in its mortgage division as the bank continues to reshuffle parts of its business following heightened regulatory scrutiny.

Published 6 months ago