Price increases of brand-name biotech drugs are diminishing expected savings from rival versions, called biosimilars, adding to pressure on overall health costs.
Time Inc. said it deepened its loss in the latest quarter, weighed by higher spending as it invests in beefed-up digital platforms, while revenue rose on higher digital advertising sales.
The number of Americans filing for new unemployment benefits jumped for the second week running but remained at a low level consistent with a strengthening job market.
Repsol said its first-quarter net profit fell by almost half as falling energy prices hit Spain’s largest oil company.
California Gov. Jerry Brown on Wednesday signed into law a bill raising the legal purchase age for cigarettes and other tobacco products to 21 years from 18.
Belgian project will transport 1,500 gallons of suds an hour; requests for home taps go nowhere.
Cable networks powered revenue and adjusted profit growth for 21st Century Fox in the March quarter, as increases in subscription fees and ad dollars offset higher programming expenses.
AT&T is unwinding a 15-year partnership with Yahoo as the Internet pioneer is in talks to sell itself to bidders including AT&T’s fiercest rival, Verizon.
Jia Yueting, founder and chairman of LeEco, has used unorthodox funding methods to further his tech visions. Last month the Chinese entrepreneur unveiled a driverless electric concept car, and his grand dream is for a hardware-content ecosystem.
Caesars Entertainment Corp. won’t get a break from lawsuits seeking to force it to honor billions of dollars in debt guarantees, but a bankruptcy judge didn’t shut the door on revisiting the issue if the litigation heats up.
The U.S. government said it was assuming regulatory authority over e-cigarettes and all other tobacco products with rules that will prohibit sales to anyone under 18 and require manufacturers to submit products for approval.
Merck & Co. posted a revenue decline as generic competition and currency fluctuations hurt its results.
Chinese e-commerce giant Alibaba Group said Thursday its fiscal fourth quarter net profit surged 86% from a year earlier, boosted by disposal gains on investments and businesses.
Jean-Sébastien Jacques will take the job as Rio Tinto’s chief executive in July with an unusual commodity among major mining companies: a growth strategy.
A change in trade rules is making it cheaper and easier for American consumers to buy overseas goods online, heartening merchants abroad but threatening stiffer competition for U.S. retailers.
Tribune Publishing Co.’s board of directors has rejected an unsolicited acquisition offer from Gannett Co., calling it an “opportunistic” bid that undervalued the company and wasn’t in the best interest of shareholders.
The world’s largest energy companies are sidelining big ideas, like ultra-deep water development, floating LNG factories and carbon-capture projects, that they touted just a couple of years ago as the future of the industry.
The Wharton School has long been a destination for Wall Street-bound M.B.A.s. Now, the University of Pennsylvania’s elite business school is betting on big data.
The University of Waterloo, in Ontario, has become a magnet for recruiters at Google parent Alphabet, Electronic Arts and Amazon, who seek the school’s entrepreneurially minded engineering graduates.
Senior EU officials have decided to block CK Hutchison’s multibillion-dollar purchase of Telefónica’s British mobile operator O2, paving the way for the bloc’s 28 commissioners to sign off on the decision.
GM and Lyft will begin testing self-driving Chevrolet Bolt electric taxis on public roads within a year, as the companies seek to fight off Silicon Valley giants amid a reshaping auto industry.
Ford Motor said it will invest $182.2 million in Pivotal Software, a San Francisco-based software company expected to help Ford stay competitive.
CHC Group, the operator of a helicopter that recently crashed in Norway killing 13 people, has filed for bankruptcy protection. The company is the latest to be caught by the downturn in global energy prices.
Shares in British aircraft engine maker Rolls-Royce Holdings slumped after it signaled that first-half results would only be “close to break-even” and that achieving free cash flow targets was heavily dependent on the outcome of the second half.
Shares of two of the world’s biggest mining companies continued to plummet Wednesday after Brazilian federal prosecutors hit them with a $44 billion lawsuit in response to a catastrophic dam collapse in November.
Insurers have begun to propose big premium increases for coverage next year under the 2010 health law, as some struggle to make money in a market where their costs have soared.
As more entrepreneurs turn to online sites such as Kickstarter and Indiegogo to raise money for their ventures, a cottage industry of service providers has emerged, promising help with everything from strategy and publicity, to communication and logistics.
Tesla Motors is losing two of its top manufacturing executives just as it is looking to ramp up its production of the Model X SUV and prepare for the high-volume Model 3 electric car.
Britain’s flirtation with leaving the European Union is as puzzling as Greece’s desire to stay. After all, Britain’s economy has done quite well inside the bloc while Greece’s has been decimated.
Federal regulators ordered auto makers to recall up to another 40 million rupture-prone Takata air bags, more than doubling the largest automotive safety campaign in U.S. history.