Business

Bristol-Myers Slumps on Nivolumab Data

Shares of Bristol-Myers Squibb slumped Thursday after it announced disappointing clinical trial data for experimental cancer drug nivolumab.


Fast Food Workers Strike for Better Pay

Fast-food workers are walking off their jobs in protest planned for 150 American cities, in a demonstration that may spread to other countries.


Cisco's 3Q Net Income, Sales Surpass Estimates

Cisco said Wednesday its net income and revenue slipped in its fiscal third quarter, but the results topped Wall Street expectations and its shares rose in aftermarket trading.


Citigroup Fires 11 in Banamex Scandal

Citigroup's Mexican bank subsidiary Grupo Financiero Banamex said Wednesday it has fired 11 employees for not following proper procedures in dealing with a Mexican oil services company that allegedly defrauded the parent company of up to $400 million.


Inside Why AT&T Wants DirecTV

Why is AT&T willing to pay so much for DirecTV? The answer is simple -- increased revenues from customers.


Macy's Heats Up on April Optimism

Macy's saw an improvement in business after warmer weather boosted demand for shorts and T-shirts, though the rise came too late to help the department store chain's first-quarter sales.


Sears Canada May Be on the Auction Block

Sears Holdings is considering selling its 51 percent interest in Sears Canada.


Child Labor Used in U.S. Tobacco Fields

Children as young as 7 are working long hours harvesting tobacco in the U.S., according to a new report by Human Rights Watch.


U.S. Retail Sales Barely Budge After Big March

U.S. retail sales rose less than expected in April, plodding into the second quarter after the fastest sprint in four years, but the import price index dropped as well.


How Long Will Interest Rates Stay Low?: The Cohen Column

Last week, Federal Reserve Chair Janet Yellen presented mandated testimonies on monetary policy to committees of both the House of Representatives and the Senate.


Pfizer Chief Won't Rule Out Job Losses

The head of U.S. drug firm Pfizer has admitted that its proposed takeover of U.K. rival AstraZeneca will lead to cuts in jobs and R&D spending.


Coke Raises Stake in Keurig

Coca-Cola has upped its share in beverage maker Keurig Green Mountain as it looks to bring its brands to the fast-growing at-home market.


AT&T Considering $50 Billion Bid for DirecTV

AT&T is in talks to buy DirecTV for about $50 billion, expanding the wireless, phone and high-speed broadband provider's services to satellite TV.


Airbus Orders Down, Profits Up in Q1

Airbus Group said Tuesday that orders for its jets sank in the first quarter, but it hopes to put its A350 long-range jet into service by the end of the year.


Virgin Lands 2 Gates at Dallas Love Field

Virgin America beat out Southwest Airlines and Delta Air Lines for first shot at two coveted gates at Dallas Love Field.


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