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Scramble for safety boosts yen, gold and bonds

SYDNEY Fresh cracks appeared in global markets on Thursday as investors sought the safety of Japanese yen, gold and top-rated bonds while dumping U.S. dollars on bets the Federal Reserve could be done raising interest rates.

Recent Business News

Yahoo announces first round of layoffs as it trims 15 percent of workforce

SAN FRANCISCO Yahoo Inc announced Wednesday it will lay off 107 employees in the first of what is expected to be more than 1,500 job cuts.

5:51pm EST

Walgreens threatens to pull out of Theranos partnership: WSJ

Walgreens Boots Alliance Inc , the largest U.S. drugstore chain, threatened to terminate its relationship with Theranos Inc unless the blood-testing company quickly fixes the problems found by federal inspectors at its laboratory in California, the Wall Street Journal reported.

11:04pm EST

Mylan to buy Swedish drugmaker Meda in $7.2 billion deal

Generic drugmaker Mylan NV said it would acquire Meda AB in a $7.2 billion cash-and-stock deal in its third attempt to buy the Swedish company.

9:43pm EST

Boeing says to cut commercial airplane jobs to reduce costs

SEATTLE Boeing Co said on Wednesday it would cut jobs at its commercial airplane unit, addressing intense pressure to reduce costs and compete with Airbus even as the industry booms.

7:17pm EST

Crowded insurance industry becomes latest casualty of oil slump

LONDON The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded.

10:01pm EST

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