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

		Click to View in Browser 12/8/2014 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. Related Video Shrinking imports raise concerns for China's economy Revision into recession for Japan Economic News Stock futures lower after China, Japan data disappoints Euro zone warning hits stocks, currency as oil plumbs depths A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend