WeWork board accepts SoftBank rescue deal: source
WeWork’s board has accepted a takeover plan proposed by Softbank Group, handing control of the office-sharing startup to the Japanese firm, according to a source...
Bristol-Myers’ immunotherapies show promise in lung cancer trial; shares rise
Bristol-Myers Squibb Co said on Tuesday an interim analysis of a late-stage trial testing a combination of its immuno-oncology drugs Opdivo and Yervoy met the...
Biogen resurrects Alzheimer’s drug; shares jump 37%
Biogen Inc on Tuesday made a surprising reversal on its Alzheimer’s treatment with plans now to seek U.S. regulatory approval, after data from more patients...
Investor revolt torpedoes Swiss Sunrise’s $6.4 billion Liberty Global deal
Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global’s Swiss cable business...
Huawei to develop radars for self-driving cars, top executive says
Huawei Technologies Co Ltd will utilize its 5G technologies to develop radar for self-driving cars, its deputy chairman told a conference, as the Chinese manufacturer...
Wall Street eyes mixed open after earnings reports; McDonald’s disappoints
The S&P 500 and Nasdaq were set to open higher on Tuesday after a batch of upbeat earnings reports eased concerns over domestic growth and...
Azerbaijan president promotes economy minister to vice PM: Azertag
Azerbaijan’s President Ilham Aliyev on Tuesday relieved Economy Minister Shakhin Mustafayev of his duties and appointed him a Deputy Prime Minister, state news agency Azertag...
Lockheed Martin profit up but forecasts lower cash flow in 2020; shares slip
Lockheed Martin Corp raised its estimate for 2019 earnings on Tuesday as quarterly profit climbed 9.2% amid improved sales of its F-35 fighter jets, but...
UTC expects Boeing to maintain 737 MAX production rate in 2019
United Technologies expects its customer Boeing to keep producing 42 737 MAX planes per month in 2019, allaying fears of a manufacturing pause that could...
UPS COO’s retirement overshadows e-commerce fueled profit rise
United Parcel Service Inc’s e-commerce fueled quarterly profit beat on Tuesday was overshadowed by news that Jim Barber, widely viewed as the world’s biggest parcel...