Posts From King World News

August 05, 2015 MONEY (MSM)

Greek PM Tsipras says deal with lenders is close

Greek Prime Minister Alexis Tsipras said on Wednesday Greece is close to concluding a deal with lenders on a multi billion euro bailout, which he said would end doubts over the country’s presence in the euro zone. “We are in the final stretch of concluding a deal with the institutions… Despite the difficulties we are facing we hope this agreement can end uncertainty on the future of Greece and of

August 05, 2015 MONEY (MSM)

Shire seen having to sweeten $30 billion offer to win Baxalta

Shire Chief Executive Flemming Ornskov will need to dig deeper in his pocket if he wants to win U.S. biotech company Baxalta. Rather than selling out at a premium to a bigger drugmaker, as many investors thought Shire might do, Ornskov is embarking on a risky battle to create the world’s leading rare diseases specialist. The transaction could vault Shire into the top 20 global drugmakers by sales, but hazards

August 05, 2015 MONEY (MSM)

U.S. private job growth slows; trade deficit widens

U.S. private job growth slowed sharply in July, pointing to a loss of momentum in the economy heading into the third quarter that could temper expectations of a September interest rate hike. Other economic data on Wednesday showed a widening of the trade deficit in June as solid domestic demand in the second quarter and a strong dollar sucked in imports of food and automobiles. “Job growth is strong, but