(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 combat so-called superbugs.
NEW YORK (Reuters) - Falling oil prices and a stronger U.S. dollar did not dampen Americans' inflation expectations last month, according to a Federal Reserve Bank of New York survey that also found a jump in expected earnings growth.
WASHINGTON (Reuters) - U.S. securities regulators on Monday ordered the operator of a stock exchange, which allowed clients to use Bitcoin to trade in certain securities, to pay $68,000 to resolve claims that he did not register the exchanges.
NEW YORK (Reuters) - Victims of Bernard Madoff's Ponzi scheme may recover less money than they had hoped after a federal appeals court limited the ability of the trustee liquidating the swindler's firm to recoup "fictitious profits" and other payments from customers.
ATLANTA (Reuters) - Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday he saw no rush to remove language from the central bank's policy statement that there remains a "considerable time" before the first interest rate increase.
(Reuters) - McDonald's Corp on Monday reported a steeper-than-expected drop in global sales at established restaurants for November, hurt by weakness in the United States and Asia, and warned that such declines would "significantly pressure" margins this quarter.
WASHINGTON (Reuters) - Claims deemed eligible for compensation from a faulty ignition switch in General Motors Co vehicles rose slightly in the last week, including two additional deaths attributed to the defective switch, according to an official report on Monday.