Bristol-Myers to buy Celgene for $74 billion in largest biopharma deal

Bristol-Myers Squibb Co said on Thursday it would buy Celgene Corp for about $74 billion, combining two of the world's largest cancer drug businesses in the biggest pharmaceutical deal ever.

At Brazil's Petrobras, a 'Chicago Boy' takes the reins

Depending on who you ask, Roberto Castello Branco, the new chief executive of Brazil's Petroleo Brasileiro SA , will either save the indebted oil major - or strip it to the bone.

Petrobras, Brazil government expect to resolve dispute within 100 days: minister

Brazil's government and state-run oil firm Petroleo Brasileiro SA expect to resolve a dispute over the oil producing zone known as the 'transfer-of-rights' area within 100 days, a minister said on Thursday.

Apple's shock warning sends investors to safe-haven assets

A revenue warning from Apple Inc rocked equity markets around the globe on Thursday as concerns over a damaging China-U.S. trade battle and its impact on world economic growth boosted assets considered safer investments, such as bonds and the Japanese yen.

Father and son advised on opposite sides of Bristol-Celgene deal

For most U.S. families, the holidays are all about gathering around the fireplace, overeating at festive dinners, and playing the occasional board game. But this year, a father and son were also working on the biggest pharmaceutical acquisition of all time.

Oil rises in choppy trade as OPEC supply cuts vie with demand worry

Oil prices rose more than one percent on Thursday in a session of volatile trade, drawing support from signs that Saudi Arabia is cutting crude output but pressured by concerns that slowing global economic growth could dent demand.

Reuss, 35-year GM veteran, to succeed Ammann as president

General Motors Co said on Thursday that Mark Reuss would succeed Dan Ammann as president, effective immediately, as part of the automaker's ongoing shift to electric and self-driving vehicles in North America and China.

FDIC chair says no concerns about U.S. bank health amid market turmoil

A top U.S. bank regulator said on Thursday she had no concerns that volatility in the equities and futures markets posed a threat to the banking system, telling Reuters the country's lenders have plenty of capital to weather further market swings.

Wall Street sinks as Apple warning and factory data hint at slowdown

Wall Street was pummeled on Thursday after a revenue warning from Apple Inc and slowing U.S. factory activity stoked fears of a global economic slowdown.

Apple plunge deepens Warren Buffett's book value woes

The plunge in Apple Inc's share price will likely cause new pain for Warren Buffett's Berkshire Hathaway Inc , after the conglomerate suffered a big quarterly decline in its net worth that will hit its bottom line.

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