WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen on Wednesday said the central bank is prepared to take further action to make the financial system safer, in a warning to the banking industry and non-bank lenders.
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 European Union has unveiled a long-term strategy to help its technology companies compete with U.S. giants like Google and Amazon by unifying the continent's digital sector and taking a hard line on abuses by dominant firms.
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.
LONDON (TheDeal) -- European markets rebounded from Tuesday's selloff thanks to better-than-expected data and some strong corporate earnings.