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Monday, May 19, 2014

Business Today: AstraZeneca rejects Pfizer's take-it-or-leave-it offer

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05/19/2014
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AstraZeneca rejects Pfizer's take-it-or-leave-it offer
LONDON (Reuters) - Britain's AstraZeneca on Monday rejected a sweetened and "final" offer from Pfizer, undermining the U.S. drugmaker's plan for a merger to create the world's biggest pharmaceuticals group.
China, Europe drag world stocks lower; dollar slips
LONDON (Reuters) - Europe and Asia dragged world equity markets lower on Monday as concerns about slower growth in China prompted investors to cut their risks.
GSK dodged millions in China drug tax scam: state media
SHANGHAI (Reuters) - A Chinese state-run newspaper has accused British drugmaker GlaxoSmithKline Plc of evading at least 100 million yuan ($16.04 million) in taxes, adding to pressure on the firm which is already struggling with graft charges against executives.
Alibaba: the new face of finance in China
BEIJING/SHANGHAI (Reuters) - For Yuan Yue, a Chinese graduate student in international trade, moving all of her spare cash to an online investment fund called Yu'e Bao was a no brainer.
Ousted New York Times editor to make first public remarks
(Reuters) - The New York Times' ousted top editor Jill Abramson will have a chance on Monday to address the unusually scathing criticisms of her management style leveled by publisher Arthur Sulzberger Jr. when she makes her first public remarks since she was fired.
AT&T makes bet on video with $48.5 billion DirecTV bid
(Reuters) - AT&T Inc plans to pay $48.5 billion to buy DirecTV, in the latest sign that the wireless industry and the U.S. television market are set to converge as customers consume more video on their mobile devices.
Deutsche Bank to raise $11 billion with help from Qatar
FRANKFURT (Reuters) - Deutsche Bank has asked shareholders for 8 billion euros ($11 billion) in new cash to strengthen its balance sheet ahead of European stress tests and to help fund an expansion in U.S. investment banking as its rivals retreat.
BoE says banks nervous over releasing details of health checks
LONDON (Reuters) - Banks in Britain broadly support Bank of England plans for yearly checks on their capital levels, although they disagree on how detailed the published results should be.
Fischer, Brainard to push for more activist Fed
WASHINGTON (Reuters) - The two new nominees to the Federal Reserve's Board of Governors are expected to push for an expanded Fed role in managing the U.S. economy, working to replace the current raft of programs that resulted from the financial crisis with more permanent tools.
Exclusive: EU may challenge $8.7 billion U.S. tax breaks in Boeing-Airbus trade dispute - sources
PARIS (Reuters) - The European Union is considering raising the pressure on the United States in the world's largest trade dispute by challenging tax breaks that encouraged planemaker Boeing to keep production of its latest jet in Washington state, people familiar with the matter said on Friday.
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