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Asian shares perk up after U.S. Senate passes budget plan

TOKYO Asian shares shrugged off early sluggishness and gained on Friday, and the dollar rose after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support.

Recent Business News

Kobe Steel data fabrication continued after misconduct discovered: Nikkei

TOKYO Data fabrication at Kobe Steel Ltd continued at its aluminum and steel unit after an internal investigation discovered the misconduct, the Nikkei newspaper reported on Friday.

2:02am EDT

Mexican auto lobby rejects U.S. NAFTA proposal on rules of origin

MEXICO CITY The Mexican Auto Industry Association (AMIA) on Thursday rejected U.S. proposals to increase North American content for autos produced in the region and require, under a new NAFTA deal, that half of all content come from the United States.

Oct 19 2017

Ackman urges ADP to consider acquiring Ceridian amid proxy fight

BOSTON Activist investor William Ackman, currently battling for board seats at Automatic Data Processing Inc , on Thursday said the human resource software company should buy rival Ceridian, in a move that could woo customers with a better product.

Deals, Money Oct 19 2017

PayPal tops profit estimates, lifts target on mobile payments growth

Sharp growth in mobile payments led PayPal Holdings Inc to report a better-than-expected third-quarter profit on Thursday and lift its guidance for earnings through the rest of the year.

Tech, Cybersecurity Oct 19 2017

Imprimis Pharma to take on Allergan's Restasis with cheaper product

Shares of Imprimis Pharmaceuticals Inc sky-rocketed as much as 91 percent on Thursday, after the company said it would launch a cheaper alternative to Allergan Plc's controversial dry eye drug, Restasis, by next month.

Oct 19 2017


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