Drugmaker Merck and Co Inc said on Wednesday that its board voted to rescind a policy requiring its head to retire at 65, a move that will permit current Chief Executive Officer Kenneth Frazier to remain in the role beyond next year.
Deutsche Bank has dismissed speculation that it might seek a merger as "fictions", after media reports suggested Germany's biggest lender might seek tie ups with Switzerland's UBS or German peer Commerzbank.
* UBS and Commerzbank decline to comment (Updates with comment from CEO, new reporting credit, share prices)
Daimler named research chief Ola Kaellenius as its next CEO on Wednesday in a succession plan that promotes a raft of tech-savvy managers at its Mercedes-Benz car brand and also seeks to install long-serving CEO Dieter Zetsche as chairman.
* Markus Schaefer to become head of Mercedes-Benz Cars (Adds fund manager quote, writes through with more detail)
The ballyhooed sailing of a container ship shows how far the Northern Sea Route lane has to go to provide a viable alternative to traditional commercial shipping lanes between Asia and Europe.
Alexion Pharmaceuticals Inc said on Wednesday it would buy privately held biotech company Syntimmune for a total value of up to $1.2 billion, giving it access to a rare blood disorder drug.
Uber's head of corporate development, Cameron Poetzscher, was disciplined after a probe found he had a pattern of making sexually suggestive comments about other co-workers, the Wall Street Journal reported on Wednesday, citing people familiar with the investigation.
German Deputy Finance Minister Joerg Kukies on Wednesday urged insurers to prepare for a no-deal Brexit and added that the German government was very interested in attracting financial service providers looking to leave Britain due to Brexit.
JPMorgan Chase & Co is in talks about leading Lyft Inc's upcoming initial public offering as an underwriter, after rivals Goldman Sachs Group Inc and Morgan Stanley decided not to pursue such a role out of loyalty to another IPO hopeful, Lyft's larger competitor Uber Technologies Inc, according to people familiar with the matter.
Tech companies have agreed to measures to tackle fake news and concerns that it can influence elections, the European Commission said on Wednesday. With EU parliament and national elections coming up next year, the EU executive wants to thwart foreign interference following allegations of meddling in the U.S. presidential election and the referendum in which Britons voted to leave the European Union.
Oil prices eased on Wednesday but were still set for a fifth consecutive monthly quarter of gains, driven by an impending drop in Iranian exports in the last three months of the year when global demand heats up.
Caspian Pipeline Consortium (CPC) plans to increase crude shipments to more than 65 million tonnes next year from this year's expected 60-61 million tonnes, CPC chief executive Nikolai Gorban said on Wednesday.
Third-quarter prices rose 2.9%, but tenants can still find deals in major metro areas.
Uber executive Cameron Poetzscher, who played a key role in negotiating SoftBank’s investment in the ride-hailing firm, was disciplined after a probe found he had a pattern of making sexually suggestive comments about other co-workers.
Drugstore chain should consider a sale of its PBM business to help reduce debt.
A Chinese equity bounce set a modestly positive tone for world stocks on Wednesday as bets that Beijing would expand stimulus to support its economy helped offset some of the worries about global trade tensions and $80-a-barrel oil.
Anbang Insurance Group Co Ltd [ANBANG.UL] aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group LP , about two years after buying them from the U.S. investment firm, two people with knowledge of the matter said.
As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain's surprise vote to leave the European Union, according to a new Reuters survey.
London's skyline is changing fast, pierced by gleaming new skyscrapers which defy predictions of a Brexit-related slowdown in the capital's two financial districts.