XML US Business News

Novartis Data Show New Heart Drug Beats Rival

published about 3 hours ago
Novartis Data Show New Heart Drug Beats Rival
Novartis presented data showing its LCZ696 heart drug reduced cardiovascular deaths by 20% when compared with a rival treatment, suggesting the Swiss group has a multibillion-dollar product in the making.

Alibaba Plans IPO Launch Week of Sept. 8

published about 6 hours ago
Alibaba Plans IPO Launch Week of Sept. 8
Chinese e-commerce company Alibaba plans to launch its U.S. initial public offering, which could raise more than $20 billion, early in the week of Sept. 8.

Comcast Targeted by Entertainment Giants

published about 14 hours ago
Comcast Targeted by Entertainment Giants
As the FCC reviews Comcast's proposed purchase of Time Warner Cable, the agency is encouraging media companies to offer feedback confidentially. One gripe: a practice that gives cable giants the same terms as competitors.

Tim Hortons, Burger King Termination Fee: $317 Million

published about 14 hours ago
Tim Hortons Inc. would owe Burger King about $317 million if the Canadian company were to walk away from its $11 billion sale to the U.S. fast-food chain, according to the pair's merger agreement.

Google Drones Lift Industry Hopes

published about 14 hours ago
Google Drones Lift Industry Hopes
Google's entry into the drone business brings financial and lobbying heft that should help the fledging industry overcome technical and regulatory obstacles.