Christopher Viehbacher, Sanofi Chief, Is Ousted by Board
By DAVID JOLLY
Company shares just their biggest drop since 1999, after a warning that sales growth in Sanofi’s top-selling drug, for diabetes, was faltering.
Earnings at Germany’s largest bank had been expected to suffer after it said last week that it had set aside an additional $1.1 billion to cover legal costs.
Company shares just their biggest drop since 1999, after a warning that sales growth in Sanofi’s top-selling drug, for diabetes, was faltering.
A commissioner said that while the countries may not have to redraft their 2015 budgets, their filings would face tough scrutiny.
Germany, France and Britain are among 51 participants in the accord, but Switzerland is hesitant and the United States prefers to follow its own path.
Fiat plans to list about 10 percent of Ferrari’s shares and distribute the remaining stake to its shareholders some time next year. It will be the first time Ferrari has been independent since the late 1960s.
The agency has begun a criminal investigation into accounting irregularities at Tesco, adding to the woes of Britain’s largest retailer.
Under a bill proposed by the government, data traffic would be taxed at the rate of about 62 cents a gigabyte. Critics say it seeks to limit access to independent sources of news.
The head of Hong Kong’s stock market regulator said that his agency had done all it needed to do to start the project, suggesting delays were coming from mainland China.
The limited partnership, which owns stakes in a group of pipelines primarily in Louisiana and Texas, sold 40 million shares in the offering.
The Federal Reserve is expected to announce the end of its last round of quantitative easing, a move that markets have anticipated for nine months.
China can afford to cut its 2015 economic growth target to 7 percent and still keep its labor market healthy, the World Bank said Wednesday.
Researchers say hackers have for seven years been using sophisticated techniques to break into computer networks around the world.
French oil company Total SA says its earnings dropped in the third quarter due to the falling global price of oil.
Third-quarter results were strong, but the co-founder’s focus on long-term bets is making Wall Street nervous.
President Hassan Rouhani has pledged a bright economic future to follow the lifting of sanctions, but his promises are starting to ring hollow as talks stall.
Pemex hopes to shed its reputation as a lumbering oil monopoly and to remake itself into a modern company that can compete with the world’s biggest firms.
The measure, which is to take effect in 2018, will cover about half of the nation’s carbon emissions and is being hailed as a robust response to climate change.
Especially in developing countries, the taxes are slowing corporate productivity and e-commerce, according to a nonpartisan research group in Washington.
A comment by the presumptive 2016 presidential candidate that corporations don’t create jobs causes unease among some of Mrs. Clinton’s business allies.
As José Manuel Barroso spends his last few days at the helm of the European Union's often maligned executive arm, he reflects on his legacy.
Whether fighting a corporate takeover war or buying a top-of-the-world apartment, the chief of Pershing Square Capital Management doesn’t hold back.