Amazon.com Inc is in a race against Google Inc to store data on human DNA, seeking both bragging rights in helping scientists make new medical discoveries and market share in a business that may be worth $1 billion a year by 2018. The cloud companies are going beyond storage to offer analytical functions that let scientists make sense of DNA data.
Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports. Concluding a meeting with no apparent dissent, Saudi Arabian oil minister Ali al-Naimi said OPEC had rolled over its current output ceiling, renewing support for the shock market treatment it doled
The strategy is another sign of Teva’s commitment to its $40 billion takeover proposal for Mylan, as the latter continues to pursue its own hostile bid for over-the-counter drug company Perrigo Company PLC (PRGO.N). Teva had accumulated around 10.5 million shares in Mylan as of June 4, according to the filing. Teva last week disclosed a 1.8 percent stake in Mylan, which on Monday said in a letter addressed to
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It was the end of an era at Walmart today, as Rob Walton stepped down as board chairman of the giant retailer, turning over the job to Greg Penner, his son-in-law.
Traders see a 53-percent chance that the first Fed rate hike will come at the Fed’s second-to-last meeting of the year, based on CME FedWatch, which tracks rate hike expectations using its Fed funds futures contracts. Before Friday’s report on May jobs, traders appeared convinced that the Fed would need to wait until at least December and perhaps into next year before removing any of its monetary policy accommodation. An
A new study shows more financial advisors are getting on the passive-investing bandwagon, now favoring ETFs over traditional mutual fund investments.
Wal-Mart says board Chairman Rob Walton will step down and be succeeded by Vice Chairman Greg Penner, who is Walton’s son-in-law. The world’s largest retailer says the change will take effect at the end …
OPEC again agreed to cede no ground to rival producers, keeping its faith that U.S. shale drillers and other higher-cost rivals will capitulate first.
Greek Prime Minister Alexis Tsipras is preparing to address lawmakers after raising the stakes in his country’s showdown with creditors by rejecting demands for more austerity and opting for a deferral of IMF payments. The Greek decision to bundle upcoming International Monetary Fund payments and transfer them all at the end of the month was a 180 degree turn by the government and caught many by surprise. Tsipras told reporters