Asian Business Headlines at 2:02 a.m. GMT
G7 nations commit to phasing out coal by 2035 but give Japan some flexibility
(Bloomberg) -- Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion. Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovySpeedier Wall Street Trades Are Putting Global Finance On EdgeJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US Stocks
A recent survey from GoBankingRates.com has revealed the country’s number one best place to retire. Learn where this retirement haven is and why it scored 92 on its livability index. Choosing a place to retire is an important decision to make and according to a report from the Alliance for Lifetime Income, America is soon going to be hitting its record numbers of retirement also known as the ‘silver tsunami." The report revealed that a staggering 4.1 million Americans are set to turn 65 years ol
Inflows into the spot bitcoin ETFs restarted in a big way last week as the price rallied from near the $60K level.
A junior banker at Bank of America, Leo Lukenas III, died from a blood clot earlier this month. "There is nothing, nothing that is more important than the health and well-being of our employees, and we're aware of those stories and they are tragic and incredibly sad," Jennifer Piepszak, co-CEO of the commercial and investment bank at JPMorgan, told investors. JPMorgan executives met with the head of human resources in the wake of the incident, CEO Jamie Dimon said.
CalPERS, the nation's biggest public pension fund, makes good on its support of shareholder rights by voting against all 12 Exxon directors.
A Delaware federal jury has determined that AstraZeneca Plc (NASDAQ:AZN) must pay Pfizer Inc (NYSE:PFE) $107.5 million in damages, concluding that AstraZeneca’s blockbuster lung cancer drug, Tagrisso, infringed on Pfizer’s Wyeth unit’s patent rights. The jury found that AstraZeneca’s Tagrisso violated two patents held by Pfizer, which cover methods for treating cancer using the breast cancer drug Nerlynx. Also Read: Double Good News For AstraZeneca’s Breast Cancer Drugs. Puma Biotechnology Inc (
Philip Morris, Altria and British American Tobacco have been highlighted in this Industry Outlook article.
CEO Jamie Dimon hasn’t yet “internalized” that he is becoming the leader of a digital company, said analyst Mike Mayo.
Jamie Dimon acknowledged that he will likely be leaving his role as chief executive officer of JPMorgan Chase in fewer than five years. In a Q&A session with analysts at the bank’s annual investor day Monday, Dimon said the timetable for his departure has changed from his longterm boilerplate response to questions of his tenure.
The jury found that AstraZeneca's Tagrisso violated Pfizer's Wyeth unit's patent rights.