Tag: international
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VW delayed announcing cheating in hope of striking deal, its lawyers say
By Andreas Cremer and Jan Schwartz BERLIN/HAMBURG (Reuters) – Volkswagen's delay in announcing it had cheated U.S. diesel emission tests was a legitimate move aimed at striking a deal with regulators to limit the cost of the scandal, the carmaker's lawyers said in a report to a German court. The delay has led several shareholders…
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Valeant sets earnings date, shares jump on hope for positive news
(Reuters) – Valeant Pharmaceuticals International Inc , the subject of intense scrutiny over its business practices and pricing policies, said it would release preliminary quarterly results and guidance on March 15, raising hopes the company will serve up some positive news after months of uncertainty. Valeant's stock – which had plunged 24 percent since the…
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Valeant CEO Pearson to return effective immediately, results delayed
By Caroline Humer NEW YORK (Reuters) – Valeant Pharmaceuticals International said on Sunday that Chief Executive Officer Michael Pearson would return from medical leave effective immediately, and it postponed the release of fourth-quarter results planned for Monday. Valeant was under pressure for its drug price increases when it said in late December that Pearson had…
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Valeant CEO Pearson to return effective immediately, results delayed
By Caroline Humer NEW YORK (Reuters) – Valeant Pharmaceuticals International said on Sunday that Chief Executive Officer Michael Pearson would return from medical leave effective immediately, and it postponed the release of fourth-quarter results planned for Monday. Valeant was under pressure for its drug price increases when it said in late December that Pearson had…
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U.N. plans aid for 154,000 besieged Syrians in next five days
The United Nations and partner aid organizations plan to deliver life-saving aid to 154,000 Syrians in besieged areas in the next five days, the U.N. Resident Coordinator in Damascus Yacoub El Hillo said in a statement on Sunday. Pending approval from parties to the conflict, the U.N. is ready to deliver aid to about 1.7…
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British Ebola survivor discharged from hospital
A British nurse who contracted Ebola while working in Sierra Leone in 2014 was discharged from hospital in London on Sunday, five days after being admitted with complications, a statement said. Pauline Cafferkey was successfully treated within weeks of her diagnosis but suffered a relapse in October 2015, when she became critically ill with meningitis…
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WHO chief ‘confident’ Olympics will be safe despite Zika
Brasília (AFP) – The head of the World Health Organization expressed confidence that Brazil can host the Rio Olympics safely despite the Zika threat, while warning of a long battle against the mosquito-borne virus. Margaret Chan praised the Brazilian government's efforts to stamp out mosquitoes and its coordination with various international bodies, including the WHO…
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Valeant to restate results after Philidor review
(Reuters) – Valeant Pharmaceuticals International Inc said it would restate its financial results for 2014 and 2015 after identifying some sales to Philidor that should have been recognized when products were dispensed to patients. Shares of Valeant Pharmaceuticals International Inc slumped about 18 percent on Monday, the second straight day of steep declines, wiping out…
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Bill Gates says Zika response better than for Ebola
By Bill Berkrot NEW YORK (Reuters) – The Bill and Melinda Gates Foundation has turned its attention to the Zika virus outbreak, and its founders said the response to the crisis, which may be linked to devastating birth defects in South America, has been better than for the 2014 Ebola outbreak in Africa. “We got…