Alexion to Cut 20% of Workforce, Move HQ
The drugmaker is restructuring as it tries to rebuild its drug pipeline amid investigations of its sales practices.
Pilgrim’s Pride Buys Poultry Firm From Parent
The $1.3 billion acquisition of Moy Park "will position Pilgrim's to become a global player" in the poultry production business.
Wells Fargo Reports More Problem Accounts
The bank says it may have created up to 3.5 million accounts without customers’ authorization, well in excess of its previous 2.1 million estimate.
Wells Fargo Earnings Hit by Accounts Scandal
The bank reported net income was flat at $5.5 billion for the first quarter while revenue fell to $22 billion from $22.6 billion a year earlier.
VW Close to $4B Deal With U.S. Over Emissions
The automaker is in "advanced discussions" over an agreement that would further extricate it from the diesel emission cheating scandal.
Deutsche, Credit Suisse Settle MBS Cases for $12B
The settlements with U.S. authorities ease investor concerns over the impact of the MBS scandal on the shaky European banking industry.
Bank Regulator Steps Up Wells Fargo Oversight
“This is the OCC saying, ‘We don’t trust you to run your business,’” a former bank examiner says.
SEC Joins Scrutiny of Wells Fargo Sales Practices
The bank discloses another investigation of the sham-accounts scandal that has sparked customer outrage and a $185 million settlement.