US Business News

Comcast's DreamWorks Deal Reflects Shifting Bets on Media

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Comcast’s intense pursuit of DreamWorks Animation highlights just how much has changed across the media landscape in the five years since it bought NBCUniversal, including a dimmer outlook for pay TV.

AstraZeneca's Investment Eats Into Profit

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AstraZeneca said core profit fell in the first quarter even as revenue rose, as it plowed heavy investment into the development of a string of new drugs it is betting on for growth.

IAG Shares Drop as Growth Target Cut

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International Consolidated Airlines Group said it cut its growth plans and would accelerate cost savings to soften the impact on bookings from the terror attacks in Brussels, as it swung to a first-quarter net profit.

AB InBev Offers to Sell More SABMiller Brands

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Anheuser-Busch InBev has offered to sell SABMiller’s Central and Eastern European brands, including Pilsner Urquell, ahead of a decision by the European Commission on whether to approve its acquisition of the London-based brewer.

Soaring Tobacco Stocks Prompt Calpers to Reconsider Investment

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The California Public Employees’ Retirement System may reconsider a decision it made 16 years ago to sell tobacco holdings after an outside consultancy concluded that it missed out on up to $3 billion in net investment gains between then and the end of 2014 by not investing in tobacco shares.

Eni Posts Loss Amid Oil Price Rout

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Italian oil company Eni’s earnings were hurt by accounting changes related to disposals and low crude oil prices.

Sanofi CEO Seeks Talks With Medivation Over $9.3 Billion Offer

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Medivation, a Nasdaq-listed company that focuses on hard-to-treat cancers, has rebuffed a takeover approach by the French drugmaker.

U.S. Growth Starts Year in Familiar Rut

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The U.S. economy stumbled out of the gate in 2016 as consumers and businesses showed renewed signs of caution, underscoring the uneven growth that has been a hallmark of the nearly seven-year expansion, the worst performance in two years.

Senator's Objections Block Big Deals at U.S. Trade Bank

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A new congressional standoff is preventing the U.S. Export-Import Bank, which survived a five-month shutdown last year, from arranging financing for deals of more than $10 million.

Priceline CEO Resigns After Relationship With Employee

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Priceline Group CEO Darren Huston resigned after an internal investigation found that his relationship with an employee violated the company’s code of conduct.

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