The Financial Industry Regulatory Authority said on Monday it has fined Citigroup's Global Markets business $1.25 million for failing to perform proper background checks on thousands of employees between 2010 and 2017.
Pfizer Inc has agreed to spin off its off-patent branded drugs business and combine it with generic drugmaker Mylan NV , a move that leaves Pfizer with its more profitable innovative drugs, including cancer treatment Ibrance and pneumonia vaccine Prevnar.
Pfizer Inc is in talks to merge its contract manufacturer that produces Mylan's EpiPen emergency allergy treatment into the new generics business it is creating by combining its older off-patent medicines unit with Mylan NV , a Pfizer spokeswoman said.
Amsterdam-based Takeaway.com has agreed to buy Just Eat in an 8.2 billion pound ($10.1 billion) deal to create the world's largest online food delivery firm outside China in a race to rule the $100 billion market.
Investment firm Cat Rock on Monday lauded Amsterdam-based Takeaway.com's deal to buy Just Eat in an 8.2 billion pound ($10.05 billion) deal to create one of the world's largest online food delivery firms.
RBC Capital Markets upgraded biotechnology company Gilead to its top pick from outperform and maintained its $91 price target.
A fall in shares of Amazon and Facebook pulled the S&P 500 and Nasdaq indexes lower on Monday as investors looked ahead to major tech earnings including that of Apple to assess the impact of U.S.-China trade tensions.
'Algo wheels' and the rise of the machines: How stock trading became Wall Street's winner-take-all battleground.
State Bank of India (SBI) has tightened lending terms dramatically for auto dealerships, according to a source and an internal memo seen by Reuters, seeking to reduce its exposure to risk from a sector in the midst of a sharp downturn.
Biden, who is currently leading in the polls, wants to change Social Security to prevent the eldest workers from running out of money and the the poorest from retiring into poverty. To do that, the plan calls for raising taxes on high earners.
The British pound touched its lowest against the dollar in over two years after Prime Minister Boris Johnson said a hard divorce from the EU was in the cards, while stocks dipped globally on Monday after last week hitting their highest in five months.
Citigroup Inc is combining its stock trading business with its prime brokerage unit, which caters to hedge funds, private equity firms and other investors.
Germany's Bayer AG , which completed the takeover of U.S.-based Monsanto last year, has been dealt a legal blow in Brazil as more farmers joined a lawsuit challenging the protection of a key soy seed patent.
The British pound touched its lowest level in over two years against the dollar after Prime Minister Boris Johnson said a hard divorce from the EU was in the cards, while stocks dipped globally with Wall Street backing off record highs.
Beyond Meat Inc on Monday said demand for its plant-based burgers and sausages soared in the second quarter and prompted an increase in its full-year forecast but shares tumbled when the company announced plans for a stock offering.