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Merck aims to hike revenues in China to 1 billion euro by 2018

FRANKFURT (Reuters) – Merck (MRCG.DE) will start offering non-prescription drugs in China as part of a push to double revenues in the region to 1 billion euros ($1.3 billion) by 2018, Chief Executive Karl-Ludwig Kley told German weekly Wirtschaftswoche. Merck … Continue reading

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Investors pin growth hopes on U.S. as Ukraine crisis casts shadow on Europe

FRANKFURT (Reuters) – With the prospect of stiffer sanctions against Russia rattling confidence in Europe, investors will be looking to the United States and China to underpin the global economy. Wednesday’s U.S. gross domestic product (GDP) reading and jobs data … Continue reading

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Audi cuts spare-part prices in China amid anti-monopoly probe

SHANGHAI/BEIJING (Reuters) – Volkswagen AG’s premium brand Audi said it would cut spare-part prices in China as global automakers rush to change their pricing strategies after Chinese anti-monopoly regulators began probing the auto industry. The National Development and Reform Commission … Continue reading

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Trendy Chipotle burritos show how pricing power belongs to the hip

(Reuters) – Corporate America can learn a lot from a chicken burrito. As many companies struggle to boost prices without alienating consumers, they may want to study Mexican-food chain Chipotle, which has managed to do both. Companies including Chipotle Mexican … Continue reading

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China regulator says food supplier forged production dates: Xinhua

SHANGHAI (Reuters) – Regulators in Shanghai have found that a scandal-hit China-based food supplier forged production dates on some of its products and sold them after their expiry, the official Xinhua news agency reported on Saturday. Shanghai Husi Food, which … Continue reading

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Tyson Foods to shut three factories, cut 950 jobs

(The third paragraph quote in this July 25 story has been corrected to make timeline clear) (Reuters) – Tyson Foods Inc (TSN.N) said it will discontinue operations at three of its factories which make processed meat products such as sausages … Continue reading

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SEC seeks $1.4 billion from Texas Wyly brothers after fraud verdict

NEW YORK (Reuters) – Texas tycoon Sam Wyly and the estate of his late brother Charles should pay damages totaling $1.41 billion for their role in a scheme that hid trades in companies they controlled using offshore trusts, the U.S. … Continue reading

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Goldman mortgage deal with federal agency could reach $1.25 billion: source

NEW YORK (Reuters) – A deal to resolve a U.S. regulator’s claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank between $800 million … Continue reading

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The Churn: Arnold & Porter Adds to Ranks, Plus More Lateral Moves

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The Churn: Arnold & Porter Adds to Ranks, Plus More Lateral Moves

Your (Article, Chart, Blog) was successfully saved to your folder My Default Folder Don’t forget you can visit My Briefcase to manage your folders at any time. Article source: Article Source

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