U.S. consumer spending accelerated in November and shipments of key capital goods orders increased for the 10th straight month, data showed on Friday, the latest signs of strong momentum in the economy as the year winds down. Continue Reading Below But the bullish growth picture was dimmed somewhat as the […]
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Novartis combo therapy for melanoma gets FDA priority review
The U.S. Food and Drug Administration has granted priority review for Novartis’s Tafinlar in combination with Mekinist for treating some patients with advanced melanoma, the Swiss drugmaker said on Friday. Continue Reading Below The review covers the combination therapy for the adjuvant treatment of patients with stage III melanoma with […]
Roche to buy US cancer drugmaker Ignyta for $1.7 bln
Swiss drugmaker Roche said on Friday it would buy U.S. cancer drugmaker Ignyta Inc for $1.7 billion. Continue Reading Below Roche will buy all of Ignyta’s outstanding shares for $27 each, representing a premium of about 74 percent to its closing price on Thursday. Reuters reported earlier this week that […]
Bitcoin slips below $14,000, down 30 pct from record peak
Cryptocurrency bitcoin tumbled below $14,000 briefly on the Bitstamp exchange on Friday, down roughly 30 percent from its record top near $20,000 set at the start of the week. Continue Reading Below It was last down 7 percent at $14,499 but fell as much as 14.7 percent earlier in the […]
Oil drops from 2-1/2-yr highs as rising output drags on market
Oil prices on Friday dipped away from some of its highest levels since 2015, weighed down by rising U.S. output and the expected January re-opening of the Forties pipeline in the North Sea. Continue Reading Below The drop, though, came as crude future volumes declined rapidly as traders closed positions […]
Oil dips from highs, but OPEC’s cuts still support market
Oil prices on Friday dipped away from some of their highest levels since 2015, weighed down by rising U.S. output and the expected January re-opening of the Forties pipeline in the North Sea. Continue Reading Below Despite this, markets remained well supported by ongoing supply cuts led by the Organization […]
Congress votes to avert shutdown, sends Trump stopgap spending bill
The U.S. Congress on Thursday averted a government shutdown just one day before federal funding was due to expire, sending President Donald Trump a bill to provide just enough money to keep agencies operating through Jan. 19. Continue Reading Below With lawmakers eager to begin a holiday recess until Jan. […]
Facebook, Universal Music strike multi-year licensing deal
Facebook Inc (FB) and Universal Music Group on Thursday announced a global agreement that will enable users to upload videos featuring music from Universal’s library across the social media network as well as Instagram and Oculus. Continue Reading Below Through the agreement, which is Facebook’s first with a major record […]
Goldman Sachs to set up cryptocurrency trading desk: Bloomberg
Goldman Sachs Group Inc (GS) is setting up a trading desk to make markets in digital currencies like bitcoin, Bloomberg reported, citing people familiar with the matter. Continue Reading Below The Wall Street bank aims to get the business running by the end of June, Bloomberg reported on Thursday. More […]
Larry Lindsey being considered for role of Fed Vice Chair: Report
(Copyright 2017 The Associated Press. All rights reserved.) Larry Lindsey is being considered for the role of U.S. Federal Reserve Vice Chair, CNBC reported on Thursday. Continue Reading Below More from FOXBusiness.com… Lindsey, a former Federal Reserve governor, is interested in exploring the job, CNBC reported, citing sources. (Reporting by […]