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Replacement Samsung Note 7 phone emits smoke on U.S. plane: family

October 6, 2016 by · Leave a Comment 

By Steve Bittenbender LOUISVILLE, Ky. (Reuters) – A replacement model of the fire-prone Samsung Note 7 smartphone began smoking inside a U.S. plane on Wednesday, the family that owns it said, prompting fresh investigations by the Consumer Product Safety Commission and the Federal Aviation Administration. A problem with the replacement…

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Replacement Samsung Note 7 phone emits smoke on U.S. plane: family

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Bank Hapoalim warns on profits due to U.S. tax probe

October 6, 2016 by · Leave a Comment 

Bank Hapoalim , Israel's largest bank, said on Thursday it would make a further provision estimated at $70 million for settling a U.S. tax evasion investigation which could have “a significant impact” on its third-quarter results. The…

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Bank Hapoalim warns on profits due to U.S. tax probe

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Pfizer boosts cancer drug roster with $14 billion Medivation deal

August 22, 2016 by · Leave a Comment 

Medivation shares were up 20 percent at $80.43 in afternoon trading, just shy of the offer price of $81.50 per share. Shares of Pfizer, the largest U.S. drugmaker, were down 0.5 percent at $34.82. The offer is a 55-percent premium to Sanofi SA's initial offer to buy Medivation for $52.50 in April that pushed the San Francisco-based company to put itself up for sale.

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Pfizer boosts cancer drug roster with $14 billion Medivation deal

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Boeing plans to cut up to 8,000 airplane jobs: sources

March 31, 2016 by · Leave a Comment 

Boeing Co plans to cut up to 8,000 jobs this year at its commercial airplane division, according to two people familiar with the matter, a move that could slash $1 billion in costs and help it battle for sales against European rival Airbus. Boeing on Wednesday acknowledged plans to cut about 4,000 jobs in its commercial airplanes division by…

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Boeing plans to cut up to 8,000 airplane jobs: sources

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Argentina, creditors agree $155 million more in default settlement: mediator

March 18, 2016 by · Leave a Comment 

Argentina settled with an additional 115 individual creditors holding defaulted sovereign bonds for $155 million, Daniel Pollack, the court-appointed mediator in the long-running case, said in a statement on Friday. Pollack's announcement brings the total amount of settlements agreed in principle with U.S. creditors above $6.5 billion and moves Latin America's No. 3 economy closer to ending a festering 14-year legal battled …

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Argentina, creditors agree $155 million more in default settlement: mediator

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BofA raises share buyback by up to $800 million

March 18, 2016 by · Leave a Comment 

(Reuters) – Bank of America Corp said its board has authorized share repurchase of up to $800 million, in addition to the $4 billion share buyback announced earlier. The No. 2 U.S. bank by assets said the buyback was meant to offset the share count dilution resulting from equity incentive compensation awarded to retirement-eligible employees.

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BofA raises share buyback by up to $800 million