NEW YORK (Reuters) - Sunesis Pharmaceuticals and Alcobra Ltd were both sharply lower in premarket trading on Monday, with both names tumbling on heavy volume after reporting the results of late-stage drug trials.
LONDON/PARIS (Reuters) - Walt Disney Co has come to the rescue of its loss-making subsidiary Euro Disney with a 1 billion-euro ($1.3 billion) funding deal announced on Monday, which could give the U.S. group total control over Europe's biggest tourist attraction.
TOKYO (Reuters) - Japan's largest recruitment company Recruit Holdings Co Ltd priced its $2 billion initial public offering at 3,100 yen, the top of its bookbuilding range, raising expectations of strong demand that could break a run of flops among big Tokyo listings.
WASHINGTON (Reuters) - Herbalife Ltd, the marketer of weight-management products, energy drinks and nutrition supplements that has come under investigation by the Federal Trade Commission as well as other agencies, has hired a former FTC official as its chief compliance officer.
FRANKFURT (Reuters) - Bertelsmann is taking full ownership of Gruner + Jahr, publisher of magazines including Stern and Brigitte, as Europe's largest media group looks to make up ground after being slow to expand online.
MADRID/FRANKFURT (Reuters) - Spanish power firm Iberdrola has hired JPMorgan Chase & Co to sell some foreign renewable assets which could raise up to 2 billion euros to help fund an acquisition in the fast-growing U.S. market, three sources with knowledge of the matter said.
NEW YORK (Reuters) - It was one of the most extraordinary meetings in the history of the bond market. Two of the biggest-ever names in fixed-income investing, Bill Gross and Jeffrey Gundlach, fierce rivals who had never previously talked, held a secret meeting over glasses of lemonade, water, and plates of crudites about whether to join forces.