Teva has since ended efforts to divest its European oncology and pain divisions, Bloomberg News reported on Nov. 27. The company received lower-than-expected bids for the businesses, which could have yielded $1 billion, people familiar with the matter said, prompting Schultz to hold on to the
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The mysterious accounting irregularities are still not known, although there are some clues: “The developments come months after German prosecutors began investigating whether the company, which has its primary listing in Frankfurt, used off-balance sheet entities to hide losses in its operations and
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The U.S. labor market has moved past a couple months of hurricane disruptions and returned to its regularly scheduled programming: solid hiring but tepid wage gains that suggest things aren't as tight as the unemployment rate suggests. Payrolls rose 228,000 in November, above the median
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Former LafargeHolcim Ltd. Chief Executive Officer Eric Olsen was placed under formal investigation and charged with funding terrorist groups as part of a French probe into the cement maker's operations in war-torn Syria. Olsen, who resigned from the company in April, was also charged late Thursday
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Uber Technologies Inc. has had its operating license suspended in Sheffield, the fourth-largest city in England. The local council said the suspension followed a failure by the ride-hailing company to respond to requests about the firm's management, and that it can't provide services in the city after Dec.
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