Nintendo to Reduce Stake in Seattle Mariners

TODAY: April 28, 2016 PUB DATE: April 28, 2016

Nintendo of America said Wednesday that it planned to reduce its stake in the Seattle Mariners to 10% by selling the majority of its interest in the Major League Baseball team to other members of the current ownership group. As ...

Sanofi Makes Offer for Medivation in $9.3 Billion Deal -- Update

TODAY: April 28, 2016 PUB DATE: April 28, 2016

By Nick Kostov PARIS--Sanofi SA on Thursday said it has made an all-cash offer to acquire Medivation Inc. in a deal valued at $9.3 billion, the French drugmaker's latest effort to expand its cancer-treatment business. Sanofi decided to go public ...

Singapore Unemployment Rate Stays Unchanged in First Quarter

TODAY: April 28, 2016 PUB DATE: April 28, 2016

By Gaurav Raghuvanshi SINGAPORE--Singapore's overall unemployment rate was 1.9% in the first quarter, unchanged from the previous three months, government data released Thursday showed. The unemployment rate for residents declined to 2.7% from 2.9% in the previous quarter, while for ...

Abbott Laboratories Acquisition

TODAY: April 28, 2016 PUB DATE: April 28, 2016

TIDMABT RNS Number : 6906W Abbott Laboratories 28 April 2016 Abbott to Acquire St. Jude Medical COMBINATION WILL CREATE A PREMIER MEDICAL DEVICE LEADER AND STRENGTHEN ABBOTT'S LONG-TERM GROWTH POTENTIAL - Acquisition will enhance Abbott's global scale and capabilities and ...

Yen Shoots Up After Bank of Japan Holds Fire

TODAY: April 28, 2016 PUB DATE: April 28, 2016

HONG KONG?Bank of Japan Gov. Haruhiko Kuroda hasn't lost his capacity to surprise?even when he sits on his hands. The yen strengthened sharply against the U.S. dollar and Japanese stocks slumped after Mr. Kuroda and his colleagues at the BOJ ...

Aetna Tops Expectations Though Membership Falls

TODAY: April 28, 2016 PUB DATE: April 28, 2016

By Anne Steele Aetna Inc. on Thursday reported its profit fell 6.5% in the first quarter as a key measure of the company's medical costs rose and membership fell. Still, results beat expectations and the health insurance company boosted its ...

Barclays to Sell Credit Card Business to Bancopopular-e

TODAY: April 28, 2016 PUB DATE: April 28, 2016

Barclays PLC said Thursday that it had agreed to sell its Portuguese and Spanish credit card business to local player Bancopopular-e, the latest move by the British lender to pare down its European presence. The British banks said in a ...

Company Behind American Idol Files for Chapter 11 Bankruptcy

TODAY: April 28, 2016 PUB DATE: April 28, 2016

By Peg Brickley The company behind the American Idol TV series, Core Entertainment Inc., has filed for bankruptcy protection, citing the decline in ratings for the once-popular show, which wrapped up its final season recently. Core, Los Angeles-based 19 Entertainment ...

Abbott Agreed to Buy St. Jude in $25 Billion Deal

TODAY: April 28, 2016 PUB DATE: April 28, 2016

Abbott Laboratories agreed to acquire St. Jude Medical Inc. in a cash-and-stock deal valued at $25 billion that merges two of the leading makers of heart-related devices. Under the deal, Abbott agreed to swap $46.75 in cash and 0.8708 shares ...

Abbott Agreed to Buy St. Jude in $25 Billion Deal--5th Update

TODAY: April 28, 2016 PUB DATE: April 28, 2016

By George Stahl and Joseph Walker Abbott Laboratories agreed to acquire St. Jude Medical Inc. in a cash-and-stock deal valued at $25 billion that would create one of the leading makers of heart-related devices. Under the deal, Abbott agreed to ...

Ford Posts Record Results as Truck Revamp Pays Off-Update

TODAY: April 28, 2016 PUB DATE: April 28, 2016

By Christina Rogers Ford Motor Co. reaped the benefits of its costly F-150 truck revamp, doubling net income in its first quarter and posting a North American operating margin rivaling those returned by high-end luxury brands. The Dearborn, Mich., company ...

U.S. Grains, Soybeans Lift on Demand Strength

TODAY: April 28, 2016 PUB DATE: April 28, 2016

By Jesse Newman CHICAGO--U.S. grain and soybean futures advanced Thursday due to signs of strong demand for U.S. crops and a weaker U.S. dollar. Corn prices rose as U.S. weekly export sales topped analyst forecasts, indicating better-than-expected foreign demand for ...

Gold Jumps on Tepid U.S. Growth, Weaker Dollar

TODAY: April 28, 2016 PUB DATE: April 28, 2016

By Mike Cherney Gold advanced on Thursday after new data showed the U.S. economy grew at a sluggish 0.5% rate in the first quarter and the dollar fell. Gold futures rose 0.6%, to $1,257.90 a troy ounce, on the Comex ...