Posted by James on November 18, 2015

 Bristol-Myers Squibb Co (N:BMY) said on Monday it bought privately held drug developer Cardioxyl Pharmaceuticals Inc in a deal worth up to $2.07 billion, to gain access to a heart failure treatment. Bristol-Myers said Cardioxyl's CXL-1427, which is in mid-stage studies, would add to its basket of heart treatments that include three experimental treatments in early- and mid-stage studies. At least 5.1 million Americans suffer from heart failure, for which there is no cure, according to the Centers for Disease Control and Prevention.

Posted by James on November 18, 2015

BERLIN (Reuters) - Spending on business travel in Germany, Britain, France, Spain and Italy is expected to rise by over 6 percent annually in 2015 and 2016, indicating the European economy is gaining traction, according to a study by a leading business travel association. Spending on business travel suffered as a result of the financial downturn which led companies to rein in spending.

Posted by Jack on November 16, 2015

Oil prices sank to 11-week lows on Friday, as mostly bearish outlooks for supply and demand and for the global economy remained on investors' minds.
On the ICE Futures Exchange in London, Brent oil for January delivery shed 72 cents, or 1.59%, to close the week at $44.47 a barrel on Friday. It earlier fell to $44.16, the weakest level since August 26.
A day earlier, Brent tumbled $1.42, or 3.05%, as ongoing concerns over a global supply glut weighed.
For the week, London-traded Brent futures dropped $3.85, or 8.03%, the largest weekly loss since March.

Posted by Jack on November 13, 2015

 The number of people who filed for unemployment assistance in the U.S. held steady at a two-month high last week, but remained in territory consistent with a strengthening labor market, official data showed on Thursday.


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