Biogen proposes to buy remaining stake in Sage in $442 million deal
(Reuters) – Drugmaker Biogen (NASDAQ:BIIB) will buy all outstanding shares of Sage Therapeutics that it does not already own for $7.22 apiece, a filing showed on Friday, sending the latter’s stock up 34% in extended trade. As per the filing,…
South Korea Jeju Air jet black boxes stopped recording 4 minutes before crash, ministry says
SEOUL (Reuters) -The flight data and cockpit voice recorders on the Jeju Air jet that crashed on Dec. 29 stopped recording about four minutes before the airliner hit a concrete structure at South Korea’s Muan airport, the transport ministry said…
Fire agencies to investigate potential Edison link to LA Hurst fire
(Reuters) – Fire agencies are investigating whether Southern California Edison’s utility infrastructure sparked a brush fire that is still burning in a Los Angeles suburb, SCE said Friday, adding no determination has been made. SCE, a unit of U.S. utility…
India consumer inflation likely eased in December: Reuters poll
By Vivek Mishra BENGALURU (Reuters) – Consumer price inflation in India likely fell to 5.3% in December on moderating food price rises, a Reuters poll of economists showed, bolstering expectations for an interest rate cut by the central bank next…
Morning Bid: Looming payrolls keep bond bears hungry
A look at the day ahead in European and global markets from Stella Qiu Most stocks in Asia are down on Friday, following the lead of Wall Street futures, ahead of the all-important payrolls report, which could push Treasury yields…
Slow, steady US job growth seen in December
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth likely slowed to a still-healthy clip in December while the unemployment rate held steady at 4.2%, reinforcing the Federal Reserve’s cautious approach toward interest rate cuts this year. The Labor Department’s…