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.

Two Telenor Executives to Resign After VimpelCom Probe

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Norway’s Telenor ASA said Friday that two executives had agreed to resign as a probe uncovered “internal weaknesses” in the telecommunications provider’s handling of a bribery case in part-owned VimpelCom, but said an external law firm hadn’t uncovered any corruption at Telenor.

Deutsche Bank: Why 2016 Could Still Hold a Nasty Surprise

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The German lender’s markets business appears to have found its feet in spite of the stormy start to the year, but capital is still under pressure.

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Jeff Kuhner will be broadcasting live from 12p - 3p at the Boston Marriott Quincy on Thursday, August 6th for the WRKO Red Cross Blood Drive. The Blood Drive will start at noon and go to 6pm.

 

Thursday, August 6th, 12p - 6p
Boston Marriott Quincy
The Kuhner Report will broadcast live 12p - 3p

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