In 14 months as Shire Plc’s chief executive officer, Flemming Ornskov has cut costs, improved profit and made a series of acquisitions, establishing the company as a potential leader in rare disease treatments.
U.S. stocks rose for the fifth time in six days, driving the Standard & Poor’s 500 Index to a record, after Tyson Foods Inc. offered to buy Hillshire Brands Co. and investors speculated the economy is improving following a contraction in the first quarter.
U.S. stocks climbed, with the Standard & Poor’s 500 Index posting a fifth quarterly gain, as Federal Reserve Chair Janet Yellen signaled continued monetary support and tensions appeared to ease in Ukraine.
U.S. stocks climbed after a two-day slide, as consumer shares rebounded amid data showing household purchases rose the most in three months. Biotechnology shares extended losses, weighing on the Nasdaq Composite Index.