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  • Many posts going at North Carolina research site. LONDON, Dec 3- GlaxoSmithKline said on Wednesday it would shed "several hundred" U.S. commercial jobs and a similar number of research positions as it restructures operations in its biggest market, where drug sales are flagging. Many of the jobs lost will be from GSK's Research Triangle Park site in North Carolina...

  • LONDON, Dec 3- GlaxoSmithKline confirmed on Wednesday it would shed several hundred U.S. commercial jobs and a similar number of research positions as it restructures operations in its biggest market, where drug sales are flagging. Many of the jobs lost will be from GSK's Research Triangle Park site in North Carolina as drug research is consolidated in...

  • *U.S. stocks climb with energy shares; MSCI global stock index up. NEW YORK, Dec 2- Oil prices resumed their decline on Tuesday after rallying the previous session, while world stock markets edged higher as investors snapped up beaten-down energy shares. MSCI's global share index was up 0.2 percent.

  • *Otsuka to buy Avanir; Cypress Semi to buy Spansion. NEW YORK, Dec 2- U.S. stocks rose on Tuesday as a pair of big M&A deals boosted market optimism and helped the market rebound from the broad decline in the previous session, which was the S&P 500' s weakest day in a month. While oil fell 1 percent to $68.35 per barrel- extending a decline that has taken the commodity down...

  • NEW YORK, Nov 24- U.S. "It's certainly very difficult to interpret it as a hawkish vote on Fed policy," said Ian Lyngen, senior government bond strategist at CRT Capital in Stamford, Connecticut, on the strong bidding at Monday's auction. Treasury still has $13 billion in two-year floating rate notes, $35 billion in five-year notes and $29 billion in seven-year notes...

  • GameStop slumps after results; Ross, Autodesk advance. NEW YORK, Nov 21- U.S. stocks closed higher on Friday, with major indexes notching a fifth straight weekly advance after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy. The move came after European Central Bank...

  • *Shares soar on China rate cut, Draghi stimulus hopes. *Euro tumbles on Draghi; Brent above $80 a barrel. NEW YORK, Nov 21- World stock markets and oil prices rallied Friday, fueled by hopes for global growth following a surprise interest rate cut by China and as the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.

  • *GameStop slumps after results; Ross, Autodesk advance. NEW YORK, Nov 21- U.S. stocks rose on Friday, putting major indexes on track for a fifth straight weekly advance, after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy. About two-thirds of NYSE stocks traded higher,...

  • Urban Outfitters misses Street 3Q forecasts Tuesday, 18 Nov 2014 | 8:26 AM ET

    Urban Outfitters reported third-quarter results that fell short of expectations due to weak performance at its namesake brand.

  • With energy boom, Philly becomes the new Houston Sunday, 16 Nov 2014 | 9:00 AM ET
    The Philadelphia Energy Solutions refinery in Philadelphia, Pennsylvania.

    Philadelphia is developing a new reputation as a nexus of oil and gas transportation, which bodes well for its economy.

  • Sony unveils web-based TV service PlayStation Vue Thursday, 13 Nov 2014 | 12:58 AM ET

    Nov 13- Sony Network Entertainment International LLC, a unit of Sony Corp of America, unveiled a new cloud-based TV service, PlayStation Vue, expected to be commercially launched during the first quarter of 2015.. During the invite-only beta, PlayStation Vue will initially offer around 75 channels per market from major programmers, such as CBS, Discovery...

  • DIARY - Top economic Events to Nov 26 Wednesday, 12 Nov 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen gives welcome remarks before the European Central Bank, Federal Reserve Board, and Federal Reserve Bank of New York Conference: Global Research Forum on International Macroeconomics and Finance- 1745 GMT. STANFORD- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks on the oil boom in...

  • Nov 12- Shares of Axalta Coating Systems Ltd, a car paint company sold by DuPont to Carlyle Group LP, rose as much as 7.4 percent in their trading debut, valuing the company at about $4.8 billion. DuPont sold Axalta to Carlyle for $4.9 billion in cash in February 2013, a move that activist investor Nelson Peltz criticized two months back. Peltz, who is pushing DuPont to...

  • Philadelphia's mural art program ignites change  Wednesday, 12 Nov 2014 | 7:45 AM ET

    Jane Golden, The Mural Arts Program, discusses how the "City of Brotherly Love" plans to make art accessible to its citizens.

  • Carlyle-backed Axalta Coating's IPO raises $975 mln Tuesday, 11 Nov 2014 | 6:38 PM ET

    Nov 11- Paint company Axalta Coating Systems Ltd's initial public offering raised about $975 million after its enlarged offering was priced at $19.50 per share, at the midpoint of its expected price range. The selling stockholders, including affiliates of Carlyle Group LP, sold 50 million shares. Philadelphia- based Axalta, the Dupont unit which Carlyle bought...

  • DIARY - Top economic Events to Nov 24 Monday, 10 Nov 2014 | 7:01 PM ET

    STOCKHOLM- Sveriges Riksbank will release the minutes of October monetary policy meeting- 0830 GMT. WELLINGTON- Reserve Bank of New Zealand releases Financial Stability Report, which assesses the soundness and efficiency of the New Zealand financial system- 2000 GMT. STOCKHOLM- Sweden Financial Stability Council meeting.

  • DIARY - Top economic Events to Nov 19 Wednesday, 5 Nov 2014 | 7:01 PM ET

    CHICAGO- Federal Reserve Bank of Chicago President Charles Evans gives welcome remarks before "The New International Financial System: Analyzing the Cumulative Impact of Regulatory Reform" conference hosted by the Federal Reserve Bank of Chicago and the Bank of England- 1540 GMT. CHICAGO- Federal Reserve Bank of Chicago President Charles Evans gives...

  • DIARY - Top economic Events to Nov 18 Tuesday, 4 Nov 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks at the "Committing to Financial Stability" before the "Financial Stability after Dodd Frank: Have We Ended Too Big to Fail?" VIRGINIA, United States- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks on "Clarifying the Objectives of Monetary Policy" before...

  • DIARY - Top economic Events to Nov 17 Monday, 3 Nov 2014 | 7:01 PM ET

    SYDNEY- Reserve Bank of Australia holds interest rate meeting- 0330 GMT. LONDON- Developing Markets Association hosts UK-Albania Trade& Investment Forum. LIMA- Sveriges Riksbank Governor Stefan Ingves will participate in a meeting on "Global Banking Standards and Regulatory and Supervisory Priorities in the Americas."

  • Can't find parking? There's an app for that Friday, 31 Oct 2014 | 10:13 AM ET

    If you've spent any time in San Francisco then you know traffic is bad and parking is even worse.