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.
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.
The head of the International Monetary Fund on Wednesday warned that regulators still need to bolster oversight of the financial system to tackle excessive risk-taking, six years after the financial crisis shocked the global economy.
Tesla is expanding its business beyond luxury electric cars and looking to power homes and businesses with renewable energy stored in batteries.
... * To sell bakery business this month. * Raises number of U.S. outlets it plans to sell this year. * First-qtr same-restaurant sales up 3.2 pct vs est.