Europe is undermining drug innovation by cutting prices, raising barriers to new medicines and freeloading off others in Asia and the United States who are more willing to pay, the boss of Pfizer, the world's largest drugmaker, said.
Customers of bankrupt U.S. brokerage MF Global are receiving bids from global banks for their claims, according to a published report.
Stock index futures advanced on Tuesday ahead of data that could provide clues on the level of consumer spending and before a policy announcement from the Federal Reserve.
The markets may currently be giving Italy the benefit of the doubt, but recent data have supported a gloomy view of the economic outlook according to Capital Economics.
Japan's Nikkei average breached 10,000 for the third straight session before trimming gains to 0.9 percent Tuesday, lifted by defensive buying as investors looked for signs of further easing from the Bank of Japan.
Gold prices may have risen for more than a decade and surged in the last few years. But hedge fund manager Kyle Bass' prediction for 2012 and beyond is that prices still have a lot further to go.
It is our view that a rate cut from China could prove to be the next catalyst to push equity markets higher.
New York is the most competitive city in the world, according to a new survey by Citigroup and the Economist Intelligence Unit.
Goldman Sachs Group Inc will hold its annual board meeting in India later this month.
Japan's Asahi Kasei Corp will buy U.S. medical equipment maker Zoll Medical Corp for $2.21 billion as it looks to build a globally competitive healthcare business and reduce its reliance on its chemicals and fibers operations.
Investors await the Conference Board's employment trend index for February at 10 a.m. EDT, followed by the U.S. Treasury Department's budget-deficit figures for February.
China lowering its growth target will have no direct impact on policy and also will not necessarily mean that it is less supportive to growth in the rest of the world, according to a report by Capital Economics.
Economists agree the current labor recovery is creating some jobs, but disagree as to which groups will benefit the most -- and what American society will end up looking like -- as a result. Their disagreements are full of useful insight that could be the base for future policies, if only policymakers were listening.
Greek Finance Minister Evangelos Venizelos will run unopposed for the leadership of the Socialists, party officials said Sunday, as the political focus shifts towards a parliamentary election now that Athens has secured a bond swap deal.
Robert Nardelli, the former head of Chrysler and Home Depot, has stepped down from his operating roles at Cerberus Capital Management LP, the private equity firm said this week.
Quest Software Inc said it will be acquired by private equity firm Insight Venture Partners in a nearly $2 billion deal.
After the devastating 3/11 earthquake, tsunami, and nuclear catastrophe, the reconstruction efforts to get under way in earnest this year will boost Japan’s gross domestic product, but this does not mean the country will be any better off, according to a report by research consultancy Capital Economics.
The copper price will fall to $5,000 per tonne over the next two years, well below current levels of around $8,400 and less than half the highs seen in early 2011 according to a report by Capital Economics.
Apollo Global Management LLC co-founder Leon Black will take home $104.2 million in 2011 dividends, salary and share of profits from the private equity firm, more than twice what he got in 2010, thanks to the firm's record investment payouts.
The deal, which does not include the bank covering Diamond's £5.7 million tax bill, comes after Barclays' profits fell 3 percent in 2011 and is set to anger shareholders and fair pay campaigners critical of huge payouts.
Ericsson, the world's top mobile telecoms equipment maker, is to cut jobs at its North American operations as part of a continued drive for greater efficiency in a business seeing slower sales.
Fender Musical Instruments, the iconic company known for making guitars, has announced its plan for an initial public offering.
