Japan’s Takeda to sell some Asia-focused drugs to Celltrion for $278 million
Takeda Pharmaceutical Co Ltd has agreed to sell a portfolio of over-the-counter and prescription drugs marketed in the Asia Pacific region to South Korea’s Celltrion...
PayPal pledges over $500 million to support minority-owned U.S. businesses
PayPal Holdings Inc said on Thursday it was pledging $530 million to support black and minority-owned businesses in the United States and foster diversity, amid...
Exclusive: Pershing Square’s Ackman eyes $1 billion-plus ‘blank-check’ company – sources
Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management has filed confidentially with U.S. regulators for an initial public offering (IPO) of a blank-check...
Futures drop on fears of second virus wave, bleak economic view
U.S. stock futures fell sharply on Thursday on jitters over a second wave of coronavirus infections and a grim forecast for the economy from the...
JPMorgan’s Wikmark takes new role as co-head of Nordics banking: memo
JPMorgan has promoted Jonas Wikmark as co-head of Nordics banking to drive growth in one of its major European markets, according to a memo seen by...
Unilever to end Anglo-Dutch era with British holding company
Unilever proposed collapsing its Anglo-Dutch legal structure into a single holding company based in Britain on Thursday, nearly two years after shareholders sank an earlier...
Volkswagen board apologises after publication of racist advert
Volkswagen’s management board on Thursday apologised for the company’s publication of a racist advert and said the clip was published because of a lack of...
Walmart to stop keeping ‘multicultural’ beauty products in locked display cases
Walmart Inc will stop keeping personal care products designed for people of color in locked display cases, the retailer said, after the practice drew flak...
Bombardier to cut Belfast workforce by around 400
Canadian plane maker Bombardier Inc is to cut around 400 jobs in its Northern Ireland operations, it said on Thursday, part of plans announced last...
Biting passenger delays flight? No compensation needed, says EU court
Airlines don’t need to compensate passengers if a flight is delayed by one person biting another as it is an “extraordinary circumstance”, the EU’s top...