United States

Pfizer promises to keep British research jobs in the country

Pfizer Inc.'s chief executive Ian Read on Tuesday acknowledged that a potential takeover of AstraZeneca would lead to job losses, but it assured that the company's British research jobs would be kept in the country.

Scrapping employer mandate will not cripple Obamacare: study

Revoking the employer mandate, one of Obamacare's most controversial aspects, will not cripple Obama administration's ambitious health overhaul plan, a new study claims.

Two state leaders express concerns over Pfizer’s potential takeover of AstraZeneca

Governors of Delaware and Maryland have expressed their concerns over the impact of Pfizer Inc.'s proposed takeover of British pharmaceuticals giant AstraZeneca on workers as well as the states' economies.

Co-op Bank’s cash call to reduce Co-op Group’s stake

The Co-op Bank has just completed a £400 million cash call that will slash the Co-operative Group's stake in the bank and decrease the number of directors nominated by the distressed group on its board.

Apple may acquire Beats for $3.2 billion

Cupertino, Calif.-based tech giant Apple Inc. is reportedly pursuing talks to acquire headphone maker & music-streaming service provider Beats Electronics for around $3.2 billion (£1.9 billion).

Emerging reports say that the acquisition, which could be announced as soon as next week, will be the Cupertino firm's biggest ever acquisition deal, if completed.

BT reports better-than-expected annual profits

Stock in BT gained nearly 3 per cent on Thursday after the telecoms giant reported better-than-expected annual results.

Underlying pre-tax profits increased by 9 per cent to £901 million in the twelve month ended March 31, while underlying revenues jumped 0.5 per cent.

EU membership offers no trade benefit to UK: Civitas

The UK has not gained any "insider advantages" in trade with other European countries from its European Union (EU) membership, social policy think tank Civitas said in its latest report.

Shire raises full-year growth forecast; shares jump

Stock in Shire Plc jumped more than 2 per cent after the pharmaceutical firm reported better-than-expected first-quarter earnings and raised its growth forecast for 2014.

Two former Irish bankers face jail terms for hitting secret deal to save lender

Two former executives of Anglo Irish Bank Corporation, which came to symbolize Ireland's boom to bust hung in the balance, are facing prison terms of up to five years for the secret deal that they had hit to save the lender at the peal of economic crisis in 2008.

Google & three other tech giants agree to pay $324M to settle conspiracy lawsuit

Four tech giants, including Google and Apple, have agreed to pay more than $300 million to settle a class-action lawsuit accusing them of conspiring to restrain salaries.

A class-action lawsuit had alleged that Google, Apple, Adobe and Intel had been conspiring to prevent their engineers and other technology workers from getting better job opportunities from one another.

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