The Traderszone Network

Shire Chief Executive Flemming Ornskov will need to dig deeper in his pocket if he wants to win U.S. biotech company Baxalta. Rather than selling out at a premium to a bigger drugmaker, as many investors thought Shire might do, Ornskov is embarking on a risky battle to create the world’s leading rare diseases specialist. The transaction could vault Shire into the top 20 global drugmakers by sales, but hazards include Baxalta’s formidable anti-takeover defenses, as well as the risk that new science could upend the haemophilia market, which accounts for over half its revenue.

U.S. private job growth slowed sharply in July, pointing to a loss of momentum in the economy heading into the third quarter that could temper expectations of a September interest rate hike. Other economic data on Wednesday showed a widening of the trade deficit in June as solid domestic demand in the second quarter and a strong dollar sucked in imports of food and automobiles. “Job growth is strong, but it has moderated since the beginning of the year.

The U.S. trade deficit increased in June as solid consumer spending pulled in more imports, while the strong dollar restrained exports. The Commerce Department said Wednesday the trade gap jumped 7 percent …

The rate of hiring by U.S. businesses slowed in July, according to a private survey. But job gains remained at a solid level, which should help boost overall economic growth. Payroll processor ADP said …

Because the North Carolina-based bank already holds more than 10% of the nation’s deposits, it can no longer grow by simply acquiring other banks.

InfoReach’s e-trading platform users can now submit and manage outright and inter-commodity futures trades via QB’s best execution algos.

That’s the annual cost to the global economy from cybercrime.