US Business News

U.S. Approves Skin Cancer Treatment

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The FDA granted accelerated approval to Bristol-Myers’s skin-cancer treatment Opdivo, which uses the body’s immune system to fight tumors.

Alibaba's Tmall Global Site Stumbles

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Alibaba’s Tmall Global shopping platform is failing to live up to its early billing as a “fast track into China” for foreign brands new to the mainland, say brands and online-shopping consultants.

The Future of Cars Looks Very Different

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The car business is embracing a new aesthetic: one where autos become part of a networked world, make decisions on the fly and offer utility that extends beyond transportation.

FTC Puts Conditions on Lilly's Deal to Buy Novartis Unit

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The Federal Trade Commission said it put conditions on Eli Lilly and Co.’s proposed deal to buy Switzerland-based Novartis AG’s Animal Health division.

Monday's Deluge to Test UPS's New System

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UPS all year has been focused on one day above the rest: Monday Dec. 22, when it will deliver 34 million packages, more than any other in its history—putting a new high-tech sorting system to the test.

Airbus Delivers First A350 to Qatar Airways

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Airbus has delivered its first A350 twin-engine jetliner to Qatar Airways, capping a $15 billion dollar development program.

Trump Taj Mahal to Stay Open Into New Year, Lawyer Says

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The Trump Taj Mahal will remain in operation through Christmas and into the New Year, due to a $20 million loan from secured lender Carl Icahn, a lawyer for the casino operator said Monday.

Thaw Boosts Cuba-Asset Claims

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Now that the U.S. is moving to normalize relations with Cuba, the countries will have to deal with claims, valued at over $7 billion, from firms whose property was nationalized.

Tesco Faces Fresh Accounting Probe

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The U.K.’s Financial Reporting Council said it has launched an investigation into Tesco’s accounts for fiscal 2012, 2013 and 2014, following the recent accounting scandal at the supermarket chain.

American Apparel Weighs Buyout Offer

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American Apparel Inc. said Monday that it is considering an offer to sell itself at a premium of 31% to Friday’s close, while also announcing the appointment of its first female board chairwoman.

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