Mallinckrodt considering Chapter 11 bankruptcy protection for generics unit: WSJ
The company has begun confidential discussions with creditors and is considering placing its U.S. generic drug business into bankruptcy to address the debt maturities and...
Bank of America names new French investment banking boss: memo
Bank of America has appointed Jérôme Morisseau as its head of investment banking for France as it seeks to bolster its Paris franchise and win...
Health insurer shares pummeled by Sanders surge, virus worries
As concerns over the spreading coronavirus outbreak hammered U.S. stocks, one corner of the market was confronted with another potentially game-changing prospect: a Bernie Sanders...
Saudi Aramco launches largest shale gas development outside U.S.
Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil...
Renault says reserves the right to seek damages depending on Ghosn probe
Renault said on Monday it had filed a civil-party petition after French prosecutors last week opened a formal investigation into alleged misappropriation of funds at...
Bank of America veteran deal-maker Boueiz resigns after 21 years: source
Bank of America’s seasoned deal-maker Wadih Boueiz has resigned after a career spanning 21 years, a source with knowledge of the matter told Reuters....
Hedge fund Third Point calls on Britain’s Prudential to break up
Hedge fund Third Point LLC amassed a more than $2 billion stake in Prudential Plc and called on the British insurer on Monday to split...
Markets bet Fed is pushed to cut rates in coronavirus response
Financial markets on Monday ratcheted up bets the U.S. Federal Reserve will be pressed to cut interest rates to cushion a feared hit to economic...
Dow sinks 1,000 points as pandemic fears rattle Wall Street
The Dow Jones Industrials shed 1,000 points on Monday and the S&P 500 was set for its worst day in two years as a surge...
Stocks, oil tumble; gold spikes as virus fears grip markets
Stocks across the globe posted their largest decline in over two years on Monday and oil prices tumbled 5% as a jump in coronavirus cases...