Elan, the Irish drug company, is fending off a hostile bid by Royalty Pharma by buying royalties itself ‑ a $1bn investment in Theverance, a speciality respiratory drug company. Lex's Stuart Kirk and Vincent Boland discuss whether the strategy will work. For more video content from the Financial Times, visit http://www.FT.com/video
One hundred years ago, the Titanic slipped below the frigid waters of the North Atlantic Ocean. That's roughly the same moment when the US dollar also hit an iceberg
Popular art often mirrors common ideas about current economic affairs and reflects the conventional wisdom guiding public opinion. This is particularly true of film. Influential critic David Bordwell makes some excellent points about how filmmakers might try to anticipate and react to popular political attitudes -- classic (and soon-to-be classic) action movies are a case in point.
US budget woes overtake European debt crisis on list of global investor concerns. The biggest concern for global investors as they head into the final quarter of the year is the impending "fiscal cliff" in the United States, according to the latest Bank of America Merrill Lynch fund manager survey, supplanting the on-going sovereign debt crisis in Europe for first time in 18 months. Just over 35 percent of the respondents to the benchmark BofA Merrill Lynch cited the impending fiscal trigger in the US as the biggest "tail risk" to their investment performance, two percentage points higher than the European debt crisis. And while investors seem generally splits as to whether the Eurozone economy will improve over the next twelve months, globally they're betting on European stocks outperforming other markets during that time, making the first "overweight" (i.e
(Photo: Reuters) There's no doubt about it: the world is hovering on the brink of economic disaster and few, if any, of the world's leaders seem to want to acknowledge the situation.
Locals stand next to a Nissan car dealership store after it was hit by anti- Japan protesters in Qingdao (Reuters) The shares of some of the Japan ese firms which have been forced to suspend their businesses in China following protests have fallen in Tokyo as the crisis threatens to derail the trade relationship between the two countries. Nissan shares slumped 5.01 percent while Honda fell 2.51 percent.
The Reserve Bank of India ( RBI ) left interest rates unchanged but cut the cash reserve ratio for banks on Monday, disappointing market hopes that it would follow up the government's unexpected spate of bold reform measures by reducing borrowing costs.
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Today on Off Duty: Wendy Bounds learns how to pour the perfect pint of Guinness. Plus, the woman whose Olive Garden review went viral give an interview. Also, tips on cooking a traditional Irish meal
LifeLock, Inc., is one of those companies that has a broad appeal to the public. It helps protect consumers against identity theft and credit fraud, and it is able to do so on a subscriber fee basis, of course. We have had it on the radar for a possible initial public offering candidate for some time and now we are more certain than ever that this IPO status likely will be a WHEN rather than IF.
WSJ's professional wanderer Jeff Bush learns all about Irish whiskey and why it is a great "introductory" drink for people not yet ready to tackle Scotch.