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Monday, December 8, 2014

Daily Investor Briefing: Merck to take on superbugs with...

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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 combat so-called superbugs.
Wall Street ends down with energy; S&P has worst day since October
NEW YORK (Reuters) - U.S. stocks ended lower on Monday and the S&P 500 posted its biggest daily percentage drop since October following a sell-off in energy shares.
U.S. inflation expectations remain flat, NY Fed survey finds
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.
Honda expands U.S. recall of Takata air bags
WASHINGTON (Reuters) - Honda Motor Co said on Monday it was expanding its recall of cars due to defective Takata Corp air bags to a nationwide campaign.
Operator of Bitcoin stock exchange penalized by U.S. SEC
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.
U.S. sues Deutsche Bank over unpaid taxes, seeks over $190 million
NEW YORK (Reuters) - The U.S. government filed a lawsuit on Monday accusing Deutsche Bank AG of tax fraud for engaging in a series of transactions designed to evade federal income taxes.
Madoff trustee loses appeal on clawbacks
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.
Fed's Lockhart says no rush to remove 'considerable time' from statement
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.
McDonald's warns that weak sales will hit fourth-quarter profit
(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.
Two more deaths eligible for General Motors compensation
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.
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