PREVIEW-Japan April core CPI seen subdued even after 2-year BOJ stimulus *CPI data due 2330 GMT, output due 2350 May 28. TOKYO, May 22- Japan's consumer inflation remained subdued in April on lower energy costs, adding pressure on the Bank of Japan after already two years of massive stimulus aimed at banishing deflation. "The actual condition of the economy lacks momentum," said Takumi Tsunoda, senior economist at Shinkin Central Bank...
| By: Kaori Kaneko
Achillion sinks after partnering with Johnson & Johnson Investors started shedding Achillion shares early Wednesday, less than a day after the drugmaker announced a partnership with pharmaceutical giant Johnson& Johnson that snuffed out the prospect of a near-term acquisition. Achillion representatives said during a conference call that Johnson& Johnson will make a $225 million equity investment in their...
Source: The Associated Press
| By: By TOM MURPHY, AP Business Writer
Samsung quietly preps for change at top Samsung's heir-apparent Jay Y. Lee faces a delicate balancing act: carefully pacing preparations for change - of style more than strategy - at South Korea's biggest conglomerate, while preserving his ailing father's legacy from more than a quarter of a century in charge.
Samsung quietly prepping for change of style, rather than strategy SEOUL/ SINGAPORE, May 20- Samsung's heir-apparent Jay Y. Lee faces a delicate balancing act: carefully pacing preparations for change- of style more than strategy- at South Korea's biggest conglomerate, while preserving his ailing father's legacy from more than a quarter of a century in charge. Samsung Group a sprawling corporation of dozens of affiliates...
| By: Se Young Lee and Miyoung Kim
COLUMN-GDPNow or 'SerenityNow!' - it may not be that bad: James Saft May 19- Investors monitoring the Atlanta Federal Reserve's GDPNow near real-time, and now falling, economic barometer may find themselves shouting, fruitlessly, "SerenityNow!" While Wall Street had the first quarter pegged at a 1.0 percent growth clip, GDPNow was on target with a fractionally too gloomy 0.1 percent forecast. In fact, as in recent years, the poor...
| By: James Saft
Futures Now, May 19, 2015 Are more record highs ahead? The commodity that's about to collapse. And crude under pressure. With MacNeil Curry, BofA Merrill Lynch, CNBC's Jackie DeAngelis and the Futures Now Traders.
U.S. Marines not halting flights after Nepal, Hawaii accidents WASHINGTON, May 19- The U.S. Marine Corps is not halting flights of UH-1 helicopters or V-22 tilt-rotor Ospreys despite recent deadly accidents in Nepal and Hawaii, the general in charge of Marine Corps aviation said on Tuesday. Bell Helicopter, a unit of Textron Inc, built the UH-1 Y-model helicopter that crashed in Nepal. The MV-22 Osprey tilt-rotor, which takes...