Vertex Pharmaceuticals Inc. said U.S. regulators placed a partial clinical hold on its trial of a drug for hepatitis C after three patients receiving a high dose of the medicine showed signs of potential liver toxicity. The shares sank the most in eight months.
As Friday night turns to Saturday morning in Singapore, Adam Levinson regularly stays up drinking Red Bull until 4 a.m., waiting for U.S. jobs data and the close of the trading week halfway around the world in New York.
The Ferrari 458 takes the Mulsanne Straight at 180 miles per hour, a lime-green streak through the fastest section of the 24 Hours of Le Mans, which ranks alongside the Daytona 500, the Indianapolis 500 and the Monaco Grand Prix as one of auto racing’s pre-eminent jewels. About 240,000 fans ring the 8.5-mile track on this sunny day in mid- June.
Citigroup Inc., whose $285 million settlement with U.S. regulators over a collapsed collateralized debt obligation was faulted by a federal judge as too lenient, may have to pay more money to avoid admitting it did anything wrong, said lawyers following the case.
Fortress Investment Group LLC, the first publicly traded private-equity and hedge-fund manager in the U.S., said first-quarter profit rose 75 percent because of higher fees paid to the firm for managing its funds.
Harleysville Mutual Insurance Co. directors may draw scrutiny for potential conflicts of interest when customers are asked to approve the sale of the company and its Nasdaq-listed subsidiary, Harleysville Group Inc., to Nationwide Mutual Insurance Co.
Liberty Mutual Holding Co. is asking regulators to scrutinize the sale of Harleysville Mutual Insurance Co. to a competitor after its own bid for the company was rejected, said a person with knowledge of the matter.
Harleysville Mutual Insurance Co. was sued by a customer contending that the company’s directors doubled their personal payout in a planned sale of the company by diverting a merger premium away from policyholders.