Wikimedia Commons Bristol-Myers Squibb, the drug company whose stock has been hit hard by a failure in the competitive cancer immunotherapy space, is going to develop an entirely different kind of drug. On Thursday, BMS agreed to pay Japanese company Nitto Denko $ 100 million to license a drug that’s being studied to treat advanced liver […]

Mercedes-Benz On Tuesday, Mercedes-Benz gave the public their first look at the company’s upcoming pickup truck in the form of the new X-Class Concept. According to Mercedes-Benz, the new X-Class will be the world’s first true “premium” pickup truck. Introduced in a ceremony in Stockholm, the new X-Class marks Mercedes’ official entry into what is […]

Reuters A man takes pictures of a collapsed road in Kunming, Yunnan province, April 16, 2014. Billionaire Guo Guangchang, known as China’s Warren Buffett, says the country’s fast growing peer-to-peer lending industry is “basically a scam.” Guo, China’s 17th richest person with a net worth of $ 5.6 billion, made the comment in answer to […]

Thomson Reuters Bob Iger, Chairman and CEO of The Walt Disney Company, speaks at 2014 Milken Institute Global Conference in Beverly Hills. Walt Disney Company chairman and CEO Bob Iger spoke to the family of the 2-year-old boy killed in an alligator attack at a Walt Disney World resort on Wednesday. Iger, who is in Shanghai […]

Stringer Iraq/Reuters Russia’s biggest oil producer has called the huge rally in the price of oil in the past couple of days “idiotic.” The commodity soared on Thursday, following speculation of an output cut coordinated by Russia and the OPEC nations. Speaking to the Financial Times, Mikhail Leontyev, a spokesman for the state-owned Rosneft, didn’t […]

Deutsche Bank As Deutsche Bank  announced a large loss on Thursday, chief executive John Cryan took the opportunity to make a veiled dig at the compensation culture at investment banks. Included on a presentation slide outlining the “significant challenges” at the bank’s market division was a bullet point made up of three words: “Inflexible compensation culture.” In other words, […]