REUTERS - Drugmaker Alexion Pharmaceuticals Inc (ALXN.O) said it would buy Synageva BioPharma Corp (GEVA.O) for $8.4 billion at a hefty premium to expand in the lucrative market for drugs that treat rare diseases.
BRUSSELS�The European Union unveiled a signature plan to unite the region's fragmented online markets and crack down on possible abuses by U.S.
Businesses added just 169,000 jobs in April, according to payroll processor ADP. Economists had expected 198,000 new jobs. ADP revised down its March report to 175,000 jobs from 189,000.
Productivity in the U.S. fell in the first quarter, triggering the largest back-to-back decline in more than two decades and pushing up worker costs as the world's largest economy almost stalled.
Wendy's Co. announced plans Wednesday to sell off its Ohio bun-making business this month, while the burger chain provided greater detail about plans to sell off more than 600 of its company-owned restaurants to franchisees.