Rift Over Drug Protections Complicates Trade Talks

A fight over how long to protect certain high-end drugs from lower-cost imitators has emerged as the leading obstacle to negotiations aimed at completing the Trans-Pacific Partnership trade agreement.

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U.S. Jobless Claims Up by 10,000 Last Week

The number of Americans filing for first—time unemployment benefits rose last week, but the level continues to indicate the economy is adding jobs.

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Glencore Shares Regain More Lost Ground

Glencore PLC shares have recouped the ground they lost in heavy selling earlier this week, vindicating management’s efforts to restore confidence in the commodities group’s finances amid weak commodities prices.

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Bank Bets You Can Remember Another PIN

First Niagara is issuing credit and debit cards with chips that require a personal identification number. The method is considered more secure than a signature but most other banks have shunned it, citing convenience.

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European Regulators Query Ball Corp.'s Proposed Rexam Takeover

European Union regulators are concerned that Ball Corp.’s planned $4.9 billion acquisition of Rexam PLC could lead to higher prices for beverage cans.

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Toshiba CEO Plans to Step Down Within Three Years

Masashi Muromachi, the newly appointed chief executive of Toshiba, said that he expected to leave the position within the next three years, raising the prospect of another succession drama after an accounting scandal.

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New United Continental Boss Starts Tenure With Apology

In his first interview as United Continental Holdings CEO, Oscar Munoz acknowledged the 2010 merger that created the carrier was poorly managed. He declined to discuss the probe that led to his predecessor’s ouster.

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