U.S. regulators are likely to approve Merck & Co's highly anticipated immuno-oncology drug, pembrolizumab, as a treatment for melanoma well ahead of a late October deadline, according to three sources familiar with the situation.
Sectors
Australia's Qantas, Virgin allow smartphones throughout flights
Australian airlines Qantas Airways Ltd and Virgin Australia Holdings Ltd said passengers can use smartphones and tablets throughout flights from Tuesday after a regulator relaxed a ban on electronic devices on planes.
Buffett to help finance Burger King's acquisition of Tim Hortons
Berkshire Hathaway Inc (BRKa.N) chairman and CEO, Warren Buffett, is helping finance Burger King Worldwide Inc's (BKW.N) take over of Canadian chain Tim Hortons Inc (THI.TO), the Wall Street Journal reported, citing people familiar with the matter.
Communications equipment maker Comtech explores sale
Communications equipment maker Comtech Telecommunications Corp said on Monday it is exploring strategic alternatives, including a possible merger or sale of the company, confirming a Reuters report earlier in the day.
Chevron seeks up to $1.5 billion for Canadian oil project - sources
Chevron Corp (CVX.N) has been searching for up to $1.5 billion of equity investment to help develop its Duvernay shale formation assets in Canada and contacted potential investors including private equity firms, according to people familiar with the matter.
Latest News
The U.S. S&P 500 stock .SPX index broke through the landmark 2,000 level on Monday, marking a six year rally which has benefitted many Americans from Wall Street to Main Street.
Private equity firm Oak Hill Capital Partners said it would buy container maker Berlin Packaging LLC for $1.43 billion from Bahrain-based investment firm Investcorp Bank BSC INVB.BH.
BOC Aviation, the leasing arm of Bank of China(601988.SS), has placed the biggest order in its 20-year history for 80 Boeing (BA.N) medium-haul passenger planes, weeks after lessor SMBC Aviation ordered 115 Airbus jets.
CME Group delayed the start of trade on its electronic platform by four hours on Monday due to technical problems, the latest glitch to hit the world's largest futures market operator.
German venture capital firm Rocket Internet and Zalando, Europe's biggest specialist online fashion retailer, are both on the brink of announcing plans to list on the Frankfurt stock exchange, several sources with knowledge of the matter said.
The euro fell to its lowest in nearly a year against a firmer dollar on Monday after the head of the European Central Bank said he was prepared to take action if inflation dropped further, raising expectations of quantitative easing.
China has set up a 20 billion yuan ($3.25 billion) investment fund to help bolster its fast-growing civil aviation industry, local media said on Monday.
Roche Holding AG has agreed to buy U.S. biotech company InterMune Inc for $8.3 billion in cash, marking the latest multibillion-dollar deal in a consolidating pharmaceutical sector.
Burger King (BKW.N) is in talks to combine with Canadian coffee and doughnut chain Tim Hortons Inc (THI.TO), a deal that would create a fast food powerhouse with a combined market capitalization of roughly $18 billion.
