SAN MATEO, Calif.—Yahoo CEO Marissa Mayer said late Monday she and her husband were expecting twin girls in December, though given her good health and the "unique time" in Yahoo's transformation, she expected to take only a limited time away.
JAKARTA, Indonesia—IMF Managing Director Christine Lagarde said Tuesday that the organization expects global economic growth to weaken and that Asia, while expected to lead growth, risks slowing further due to the recent volatility in financial markets.
LONDON Oil prices fell more than 3 percent on Tuesday after official data showed China's giant manufacturing sector, the engine powering the world's biggest energy consumer, contracted at the fastest pace in three years.
China's stock market didn't go up because the economy was improving. So investors shouldn't read too much into the market's collapse for clues on the economic slowdown either.
Canada's Valeant Pharmaceuticals International Inc (VRX.TO) (VRX.N) is buying rights to AstraZeneca Plc's (AZN.L) late-stage experimental psoriasis drug brodalumab after it was dropped by Amgen Inc (AMGN.