INTERVIEW-New-look GSK bets on consumer health spending LONDON, May 6- Consumers from New York to New Delhi are digging deeper in their pockets for over-the-counter remedies and health products, a trend GlaxoSmithKline is banking on to help shape the next chapter in its evolution. In the biggest shake-up in its 15- year history, GSK has just sold its cancer drugs to Novartis, while buying the Swiss group's vaccine...
| By: Ben Hirschler and Martinne Geller
Alleghany posts 1Q profit NEW YORK _ Alleghany Corp. on Tuesday reported first-quarter net income of $125.2 million. On a per-share basis, the New York- based company said it had profit of $7.82. This story was generated by Automated Insights using data from Zacks Investment Research.
Source: The Associated Press
Should investors dump their bonds? A growing chorus of experts say bonds are an increasingly scary place to be. Here's what investors should consider.
| By: Tom Anderson
Chinese startup bets on $5.6B healthcare revamp While most have no medical background and would make just as much money ringing up groceries, seismic shifts in China's healthcare industry may set them at the nexus of big pharma amid an aging population of 1.3 billion customers.
| By: By Zoe Alsop | special to CNBC.com
Millennials move up to management positions Millennials are becoming managers, and their work-life pressures are mounting, a new study finds. Here's why, and what they want to do about it.
| By: Kelley Holland
Indonesia Q1 GDP growth slows more than expected to 4.71 pct, weakest since 2009 JAKARTA, May 5- Indonesia's economic growth in the first quarter slumped to its weakest annual pace since 2009, hurt by slowing demand from major export partners and a drop in global oil prices, the statistics bureau said on Tuesday. Gross domestic product expanded 4.71 percent in January-March from a year ago, weakening from 5.01 percent in the final quarter of...
UPDATE 2-Subdued Japan inflation, weak demand keep BOJ under pressure *Tokyo core-core CPI flat, weakest since 2013. TOKYO, May 1- Japan's core consumer inflation edged up in March but weak demand is keeping firms from raising prices, a perennial problem in the world's third-biggest economy as it struggles to shake off years of deflation despite Tokyo's radical stimulus drive. A slowdown in China and weak first-quarter growth...
| By: Leika Kihara
UPDATE 1-S.Korea April exports, imports slump to produce record trade surplus SEOUL, May 1- South Korean exports accelerated their decline for a fourth straight month in April to a low not seen in two years and imports also slumped- producing a record trade surplus. Preliminary data showed April's exports were 8.1 percent down from a year earlier to $46.22 billion, while imports dropped a much faster 17.8 percent to $37.73 billion, the...
| By: Christine Kim
Asian imports of Iran crude fall 9.2 pct in March as India halts purchases TOKYO, April 30- Asian imports of Iranian crude fell 9.2 percent in March from a year ago as India bought no oil from the sanctions-hit country for the first time in at least a decade under U.S. pressure, offsetting a jump in purchases by Japan and South Korea. Imports by Iran's four biggest buyers- China, India, Japan and South Korea- totalled 1.04 million barrels per...
| By: Aaron Sheldrick