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Monday, December 8, 2014

Business Today: Merck to take on superbugs with Cubist Pharma buy

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Merck to take on superbugs with Cubist Pharma buy
(Reuters) - Merck & Co Inc said it would buy Cubist Pharmaceuticals Inc for $8.4 billion plus assumption of debt, giving the major drugmaker an entry into the market for drugs that target so-called superbugs.
Stock futures lower after China, Japan data disappoints
NEW YORK (Reuters) - U.S. stock index futures dipped on Monday, indicating the S&P 500 may retreat from its latest record high, as soft data in China and Japan kindled global growth concerns.
McDonald's same-restaurant sales fall more than expected
(Reuters) - McDonald's Corp reported a steeper-than-expected fall at global established restaurants in November, hurt by increased competition in the United States and the after-effect of a supplier scandal in China.
Oil drops $2 to five-year low on oversupply
LONDON (Reuters) - Brent crude oil fell more than $2 a barrel on Monday to a new five-year low on predictions that oversupply would keep building until next year after OPEC decided not to cut output.
Uber banned from operating in Indian capital after driver rape
NEW DELHI (Reuters) - U.S. online ride-hailing service Uber has been banned from operating in the Indian capital after a female passenger accused one of its drivers of rape, a case that has reignited a debate about the safety of women in the South Asian nation.
China advisers recommend 7 percent growth goal in 2015 as leaders meet
BEIJING (Reuters) - China's top leadership will meet on Tuesday for an annual gathering to map out economic and reform plans for the following year, and some influential advisers to the government are recommending it cuts its 2015 growth target to seven percent.
North Korea says its supporters may be behind Sony attack
SEOUL/BOSTON (Reuters) - The Pyongyang government's state-run media said the cyber attack on Sony's Hollywood studio may have been the work of pro-North Korean supporters in a report on Sunday that dismissed charges that the country itself was to blame as "wild rumor."
Retirees' target date funds making hedge fund style bets
NEW YORK (Reuters) - A fast-growing segment of U.S. retirement plans is using hedge-fund type strategies to bet a small but increasing slice of their assets.
Madison backs Qatari bid for Canary Wharf owner Songbird
LONDON (Reuters) - Songbird Estates shareholder Madison International Realty plans to accept Qatar Investment Authority's (QIA) offer for the British property company, the sovereign wealth fund behind the hostile move said.
China's Dalian Wanda slashes IPO to $3.9 billion; investors worry about debt
HONG KONG (Reuters) - Dalian Wanda Commercial Properties Co Ltd, the world's second largest developer of shopping malls and office buildings, cut the size of its Hong Kong IPO by around a third to $3.9 billion to lure investors worried about its huge debt, analysts said.
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