Novartis reported a 26.5% drop in fourth-quarter profit as declining sales weighted on the Swiss drug company’s performance.
Asian airlines are seeing a strong boost in profitability due to the slump in oil prices, because they are typically more exposed to fuel-price swings compared with their counterparts world-wide.
For foreign lawyers looking for work in China, scrutiny from regulators over possible mergers and culture clashes between Eastern and Western firms create hurdles.
Packaging companies Rock-Tenn and MeadWestvaco agreed to merge, creating a nearly $16 billion industry heavyweight that will supply containers for everything from soda to appliances.
Animal-welfare advocates are courting proxy advisory firms as a new Wall Street ally as they take on big U.S. meatpackers. The pitch: Mistreatment of animals can pose a risk to business.
Microsoft said the stronger dollar and a shift to Web-based software cut into its sales of Windows, Office and computer-server products to corporations.
Russia’s fractured economy suffered another potential blow Monday after credit-rating firm Standard & Poor’s cut the country’s credit rating to junk.