Nasdaq to delist company run by drug price gouger Shkreli

Dec 24, 2015

Nasdaq to delist company run by drug price gouger Shkreli

One of the biotech companies run by Martin Shkreli, the reviled drug price-gouger charged with securities fraud last week, was informed Wednesday that its stock will be delisted by Nasdaq because of Shkreli’s arrest and other issues. Meanwhile, KaloBios Pharmaceuticals Inc. also is dealing ...

Pharma's bad boy rap-fan CEO faces charges

Dec 19, 2015

Pharma's bad boy rap-fan CEO faces charges

He’s the enfant terrible of pharmaceuticals, a 32-year-old CEO who unapologetically raised the price of the only approved drug for a rare disease from $13.50 to $750 per pill. He’s a millionaire music aficionado who riled rap fans by buying the only known copy ...

Dec 1, 2015

Chinese cloning pioneer has vision of brave new world

The Chinese scientist behind the world’s biggest cloning factory has technology advanced enough to replicate humans, he said, and is only holding off for fear of public reaction. Boyalife Group and its partners are building the giant plant in the northern Chinese port of ...

Oct 10, 2015

Japan, China join hands on busting cartels, clarifying antitrust policies

Japanese and Chinese antitrust authorities are slated to sign a memorandum of understanding on cooperation, informed sources said. Under the memorandum, to be inked Tuesday, the Fair Trade Commission and China’s National Development will exchange information on cartels involving both Japanese and Chinese companies ...

Oct 6, 2015

Big U.S. firms hiding trillions abroad to avoid taxes: study

The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in taxes if they repatriated the funds, according to a study released Tuesday. The study, by two left-leaning ...

Trump sought to import foreign workers

Aug 1, 2015

Trump sought to import foreign workers

Donald Trump is staking his run for U.S. president in part on a vow to protect American jobs. But this month, one of his companies, the elite Mar-a-Lago Club resort in Florida, applied to import 70 foreign workers to serve as cooks, wait staff ...

Subaru's hometown transformed by foreign workers

Jul 29, 2015

Subaru's hometown transformed by foreign workers

Afghan children studying at a madrassa, Catholic mass in seven languages, workers from over sixty countries. It’s not New York, but Ota, a town north of Tokyo with an economy powered by Japanese automaker Subaru. It’s here that Subaru’s parent company, Fuji Heavy Industries ...

Jul 7, 2015

HSBC fires staff for mock Islamic State execution video

British bank HSBC fired six staff after they performed a mock Islamic State-style execution video during a team-building day out and posted footage online, a spokesman confirmed on Tuesday. The bank described the video, showing staff members in balaclavas holding a fake knife over ...