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U.S. markets news

BAT in $47 billion offer for rest of Reynolds
LONDON -- British American Tobacco PLC made a $47 billion takeover offer for the roughly 58% of American peer Reynolds American Inc. that it doesn't already own -- a move that would cement the two cigarette giants' longstanding trans-Atlantic ties and ...
Five Things You Need to Know to Start Your Day  Bloomberg
Who Are The Bankers Behind the BAT-Reynolds Deal?  Wall Street Journal
Ericsson Is Suffering in North America
The company had shocked investors with a profit warning last week. Sweden's Ericsson said sales in North America, its biggest market, had fallen in the past three months, identifying another of its weaknesses after the mobile telecom equipment maker's ...
Sweden's Ericsson posts Q3 loss, cites worsening industry  U.S. News & World Report
Ericsson plunges to third-quarter loss  MarketWatch
MetLife grounds Snoopy. Curse you, Red Baron!
MetLife is firing Snoopy. After more than 30 years of appearing in print ads, TV commercials, marketing materials, and on the sides of MetLife's blimps at sports events, the company is showing the door to the “Peanuts” character, one of the most ...
Despite MetLife breakup, Snoopy's not in the doghouse  CNNMoney
Apparently, Snoopy doesn't fly with MetLife anymore; why insurer's ...  Dallas News
Lawmakers Question Price Hikes For Leukemia Drug
Another pharmaceutical company is coming under fire for boosting the price of one of its drugs. Two lawmakers are demanding to know the justification for a more than $80,000 price hike for a year's supply of a drug that treats leukemia patients.
Bernie Sanders wants to know why this cancer drug costs nearly $200000 a year  Washington Post
Lawmakers demand answers on leukemia drug price hikes  Fox News
Hedge Funds Hurt as Investors Remove $28 Billion in 3 Months
Leon G. Cooperman, the founder of Omega Partners, made news in September when the Securities and Exchange Commission charged him and his firm with insider trading.
Here's How Much Investors Have Pulled From Hedge Fund in 2016  Fortune
What Redemptions In The Hedge Fund Industry Are Telling Us
Bombardier to Scrap 7500 More Jobs as CEO Deepens Cost Cuts
Bombardier Inc. will cut an additional 7,500 jobs -- more than 10 percent of its workforce -- over two years as the maker of trains and airplanes accelerates a restructuring plan after taking on billions of dollars of debt developing its marquee C ...
Bombardier to Cut 7500 Jobs Over the Next 2 Years  Fortune
Bombardier to cut 7500 more jobs across its global operations  BBC News
Daimler Profit Lifted by E-Class Model Sales
BERLIN— Daimler AG DDAIY 0.91 % reported sharply higher profit in the three months to the end of September, beating expectations as strong sales of its new E-class luxury model in China and sport-utility vehicles drove earnings at its flagship ...
Daimler continues along its successful path in third quarter - record unit ...  PR Newswire (press release)
Here's What's Helping Daimler Offset a Slump with Trucks  Fortune
AT&T Has 120 Billion Reasons to Approach Time Warner Cautiously
AT&T Inc. may be interested in a deal with media giant Time Warner Inc., but the phone carrier's ambitions are constrained by its hefty $120 billion debt load and its desire to keep an investment-grade credit rating.
5 Things You Must Know Before the Market Opens Friday
AT&T discussed takeover in meetings with Time Warner: Bloomberg  Reuters
Venmo Is On Track to Process $20 Billion in Payments Per Year
PayPal's payments app had another record quarter. PayPal's popular payments app Venmo is on track to process $20 billion in payments per year, according to PayPal CEO Dan Schulman.
PayPal Holdings' (PYPL) CEO Dan Schulman on Q3 2016 Results - Earnings ...  Seeking Alpha
PayPal Reports Strong Third Quarter Results  Business Wire (press release)
Indian bank authorities say 3.2 million debit cards hacked
NEW DELHI (AP) - Indian banks are scrambling to contain the damage after more than 3.2 million debit cards may have been hacked. Several banks, including the government-run State Bank of India, advised customers Friday to change their personal ...
India Card Breach Seen Hindering Modi's Quest to Go Cashless  Bloomberg
Millions of Indian debit cards 'compromised' in security breach  BBC News