Elan enters $1B royalty deal with Theravance
Irish drugmaker Elan Corp. PLC plans to pay $1 billion for the right to future royalties from four respiratory treatments being developed by ...
Australia's central bank cuts rate to 2.75 percent
Australia's central bank cut its key interest rate by a quarter percentage point to a record low 2.75 percent Tuesday in an effort to boost economic ...
Apple sells $17 billion in bonds in record deal
Apple Inc. sold $17 billion in bonds Tuesday in a record deal spurred by the company's plan to placate its frustrated shareholders. The Cupertino, ...
Moody's, S&P settle lawsuits over debt ratings
Ratings agencies Standard & Poor's, Moody's and investment bank Morgan Stanley have settled two lawsuits dating back to the financial crisis that ...
Fitch cuts British bond rating from AAA
Fitch Ratings on Friday stripped the U.K. of its cherished top AAA credit score, citing a weaker economic outlook that continues to hinder the country ...
German economy seen bouncing back after Q4 dip
Germany's economy is bouncing back from a downturn at the end of last year, according to the country's leading economic research institutes. In their ...
Correction: Thermo Fisher-Life Technologies story
In an April 15 story about Thermo Fisher Inc.'s plan to buy Life Technologies Corp., The Associated Press misidentified the gender of Morningstar ...
S&P keeps UK at AAA, warns of future rating risk
Standard & Poor's rating agency says Britain's cherished AAA long-term credit rating will stay for now — but warned there was still a chance of a ...
Fitch puts UK on review for downgrade
Fitch placed Britain's AAA rating on review for a downgrade on Friday, a blow to the government just days after it presented an austere budget it ...
UK official delivers another austere budget
Britain's Treasury chief unveiled another tough budget Wednesday despite weakness in the economy that raised fears of a third recession in a little ...
UK's Cameron rejects call for new economic policy
British Prime Minister David Cameron on Thursday vowed to stick to austerity, rejecting calls to focus more on economic growth despite the country's ...
Pound drops amid concerns about UK economy
The pound has hit a two-and-a-half-year low against the dollar on fears that weak manufacturing data would push Britain's central bank to inject ...
Stocks drop as Italy heads for political disarray
Stocks are having a bad flashback to last spring, when fears about the European debt crisis sent the market spiraling lower. On Monday, election ...
Moody's downgrades UK rating from AAA to AA1
Credit ratings agency Moody's Investors Service downgraded Britain's government bond rating one notch from the top AAA to AA1 Friday, saying sluggish ...
NY attorney general looks at ratings agencies
New York Attorney General Eric Schneiderman has begun examining the nation's biggest credit rating agencies' compliance with agreements reached by his ...
US sues S&P over pre-crisis mortgage ratings
The Obama administration on Tuesday accused Standard & Poor's of refusing to warn investors that the housing market was collapsing in 2006 because it ...
S&P expects US lawsuit over its mortgage ratings
The U.S. government is expected to file civil charges against Standard & Poor's Ratings Services, alleging that it improperly gave high ratings to ...
US stocks close down after Dow's rally to 14,000
Stocks hit a big milestone, then promptly spun off the road. Major indexes dived the most this year Monday, the first trading day after the Dow broke ...
Puerto Rico teeters on fiscal edge over pensions
Office clerk Lillian Marti hopes to retire one day with a decent pension. Now, like many other employees of Puerto Rico's government, she's beginning ...
S&P lowers Illinois credit rating, blames pensions
Illinois' already disastrous financial situation worsened Friday as another credit rating agency downgraded its rating to the worst of any state in ...
Morgan Stanley's profit surges, stock soars
Profits roared back at the investment bank Morgan Stanley in the fourth quarter, reversing a loss in the same period a year ago, when its results were ...
Alcoa earnings as expected, revenue tops forecasts
Alcoa Inc. on Tuesday reported fourth-quarter earnings that met Wall Street's expectations, and the company said it expects slightly higher demand for ...
Pension bonds add risk to public retiree crisis
Oakland's city leaders took a risk when, rather than lay off more staff or cut services, they decided to borrow nearly $213 million to cover pension ...
EADS downgraded after shareholder overhaul
Moody's Investor Service lowered its main credit rating for EADS, the make of Airbus plans, citing the European aerospace giant's overhaul of its ...
Baxter to buy Swedish firm Gambro in $2.76B deal
Drug and medical device maker Baxter International plans to buy the privately held Swedish company Gambro AB for about $2.76 billion to broaden its ...
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