Midtier exploration and production companies live or die on oil prices as they don’t have side businesses like refining and processing to insulate them. Tullow Oil PLC is one of the ones currently suffering.
An FDA rebuke of televised comments made by Aegerion’s CEO—which led the company to air a TV commercial correcting the statements—was prompted by complaints from a government drug reviewer, according to emails viewed by The Wall Street Journal.
Ferrovial abandoned a takeover bid for Australia’s Transfield Services, a major setback in the Spanish construction company’s plan to compete for billions of dollars of new infrastructure projects Down Under.
The Week Ahead: Walgreen, the largest U.S. drugstore chain, is going to find out if bigger means better, as it nears a shareholder vote on completing its planned merger with European counterpart Alliance Boots.