Category: Economy

2:00PM Water Cooler 1/23/2019

By Lambert Strether of Corrente. Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 2020 “First thoughts on Elizabeth Warren’s prospects in Iowa” [Bleeding Heartland]. • Worth reading in full for a look at Warren on the trail, and the first of a series at […]

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UPDATE 1-Canada’s Alberta offers loan guarantee for oil upgrading plant

(Adds background) Jan 22 (Reuters) – Canada’s biggest oil-producing province, Alberta, said on Tuesday that it would provide a C$440 million ($330 million) loan guarantee for a planned C$2 billion ($1.5 billion) oil partial upgrading facility, aiming to push more crude through its full pipelines. Alberta Premier Rachel Notley said her government had signed a […]

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EU mergers and takeovers (Jan 22)

BRUSSELS, Jan 22 (Reuters) – The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS — Australian engineering services provider Worleyparsons to acquire U.S. peer Jacobs Engineering Group Inc’s energy, chemicals and resources business (approved Jan. 21) — Private equity firm Blackstone to […]

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UPDATE 2-Insurer Travelers beats fourth-quarter profit estimates

(Reuters) – Insurer Travelers Cos Inc (TRV.N) reported better-than-expected fourth-quarter profit on Tuesday, as growth in premiums and investment income offset catastrophe losses related to the California wildfires U.S. property and casualty insurers have been grappling with losses arising from the California wildfires and Hurricane Michael in October, the fiercest storm to hit Florida in […]

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UPDATE 1-U.S. top court rejects Helsinn over anti-nausea drug patent in win for Teva

WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday refused to revive Swiss drug company Helsinn Healthcare S.A.’s patent on the lucrative anti-nausea drug Aloxi in a victory for Teva Pharmaceutical Industries, which launched a generic version of it last year. The nine justices unanimously upheld a lower court ruling that had canceled Helsinn’s patent […]

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